In order to understand the minds of consumers, marketers need to have knowledge of the psychological aspects of how it works. Having this understanding, along with the five stages of the consumers buying process, will assist marketers on how they can influence a consumer’s purchase behavior. Employing the strategies of the four P’s of marketing can be bonuses that will help companies gain an advantage within the marketplace.
Using different types of stimuli, a marketer can attempt to make you more perceptive to their products whether you need them or not. There are so many types of strategies of marketing and consumers are bombarded advertising from all angles. With their demanding and busy lifestyles, there is no way of getting away from receiving the information through advertising channels. What seems to be the most apparent is that with all the information out there, it is impossible to get it out of your brain.
Marketing has a goal of reaching consumers in order have an influence on their purchasing decisions. According to Barone, Miyazaki & Taylor, “the influence on choice depends on the motivation brought on by the company” (2000). If you were to take a look around you, companies have been using different tactics to persuade the way that consumers view and choose products.
In the past, the use of the 4P’s of marketing has been used to enhance the way that consumers made their purchasing decision by creating a product that a certain group of people would be
Understanding the term of marketing relies on many aspects, due to the fact that marketing itself is an integral feature of a business, as every business has its own way of marketing. Looking into books and researching the definition of marketing has proven that there are many definitions as it is combined with elements such as meeting the needs and wants of the consumers in order for them to purchase products or services. Within the Business Dictonary it has been described as “The management process through which goods and services move from concept to the customer.” (Business Dictionary, 2014) The statement above clarifies that marketing is centered around procuring given goods and services from the producer to the buyer. The facilitation of this process can be achieved through a complex program that aims to better connect the said producer and buyer, known as a marketing campaign. Such a campaign is sometimes as important as the production quality and quantity of the product itself. For this reason producers center so much time and resources on delivering a consumer-friendly premise for their products. For the purpose of this essay the focus will be on a general consumer product that has scored impressively high sales in offering goods that do not differ from other similar on the market. The marketing in question is in regard to
Marketing communication is mostly known as “ the process by which the marketer develops and presents an appropriate set of communication stimulus to a defined target audience with the intention of eliciting a decisive set of responses”( Yeshin, 1999). Therefore, it is the process whereby thoughts are shared and meanings conveyed in a convincing manner by an organization to its target audience for the patronage of their product and services over their competitors with the use of the promotional mix.
The first P that the paper will address is Product. Professionals, researchers, and students of marketing must understand the importance of crafting the right product to satisfy the needs of the intended consumer. This P has a lot to do with the product, from design to production to distribution. This P also has a great deal to do with the consumer. Professionals and organizations of marketing must know the target consumer very well. When the marketing professional or marketing firms has an extremely clear concept of the intended consumer, they will be in a strategically stronger position to introduce a new product or service. (Ehmke et al, 2005)
Marketers closely examine the behaviours of consumers to understand what motivates an individual to purchase a particular product.
Consumers should know their consuming behaviour before purchasing a product. The purpose of this portfolio is to review and evaluate my own consuming behaviour distributed over three categories. Firstly, I will review on my philosophical assumptions and to discuss about my beliefs on the importance of advertising and marketing. Secondly, I will identify a consumer behaviour that I have done recently and to analysis what type of decision maker I am. Finally, I will examine how do I express my complaints to the organisation and my dissatisfaction. These three categories are formed by different worksheets. This portfolio is designed to help and understand how to take advantages from my consumer behaviour when purchasing
When one thinks of marketing, they tend to think it as simply selling stuff to people, but marketing as a profession is so much more intricate. The most provoking thing about marketing is the underlying psychological tactics companies use to entice people to buy their product or service, as useless as it may be. Yes, it sounds somewhat maniacal, but rest assured, there are no crazy hypnotic schemes, just simply observing human behavior. The main psychological concepts relevant in marketing are the availability heuristic, the paradox of choice, conformity, group behavior, and reciprocity. Any good marketer will take advantage of these psychological concepts to get their product or service sold.
They carefully choose images and scenes that will have their products produce the best outcomes. They also pick certain words or popular songs that will provoke emotions. Each of these tactics have an intense affect in its ability to imbed the advertiser’s messages in peoples’ brains, their subconscious minds. For that reasons, certain techniques, such as brainwashing, in advertising compel a person’s brain to make them believe they need a specific product from a specific
Consumer behaviour is the study of how individuals, groups and organizations select, buy, use and dispose of goods, services, ideas or experiences to satisfy their needs and wants. The emerging costumer trends play an important role in analysing the marketing opportunities. A consumer buying behaviour is influenced by cultural, social and personal factors. The consumer passes through five stages of the buying decision process: Problem Recognition, Information Search, evaluation of alternatives, purchase decision and post purchase behaviour. This model is important for anyone making marketing decision and customer pass through all stages in every purchase.
These ‘4ps’ are four decision areas and form a major aspect of marketing and these principles are controllable variables, which have to be carefully managed and must meet the needs of the defined target group. How these variables connect to the target market is demonstrated in Figure 1. The ‘4ps’ are often extended to the ‘7ps’ that incorporates, physical evidence, people and process.
The four Ps approach to marketing has been captured as the traditional approach to marketing.
During the twentieth century, the United States adopted industrialization, which resulted in mass production of different products. The increased number of products made the companies find new ways to make consumers increase their buying capacities. This fact compelled the advertisers in the United States to come up with a sense of arousing the desires of consumers to purchase the products. Nowadays, marketing in the United States has also involved the use of a technique of targeting a certain group so as to enhance their buying interests (Sivulka, 2012). The tools through which the general information about a product launch is conveyed to the common people are known as commercials and the process is called the commercialisation. The
5) The four P’s is a way to target possible customers with diverse basic needs. Products are a type of marketing mix of goods and services which are relatively available to the consumer. Also, it contains the basic qualifications such as product branding and benefits. Place is ensuring the correct
Marketing plays a key role in today’s business activities which direct the flow of goods and services from the producer. Marketing is also involving the consumer wants and desires. If we have to start analyzing the market flow, we should understand the notion of product and consumer. Market producers should understand the consumer needs and desires and they must analyze before developing a product. Marketing mainly refers many steps like pricing strategies to produce according to the consumer needs and exchanges with the target market. The four P’s according to marketing are
In a world where every e-mail, every petition and every event we plan competes against other persuasive needs, the skill of persuasion is crucial. Obviously, you may google persuasion” that is “and examine for hours. Just how do you know which to toss and which advice to take?. Believe it or not, concepts of persuasion remain constant. The recognized expert in marketing and effect is John Cialdini, whose Influence: The Psychology of Marketing, ground breaking work, retains a copyright date of 1984. (Budzowski, 2012)
If you watch thirty hours of TV per week, you will view roughly 37,822 commercials per year and 100 ads per day. In addition, you will see another 100 to 300 ads every day through other forms of media (Foothill College, nd). _ In modern day, marketers and advertisers use a variety of sensory techniques that cause us to remember and react to a constant barrage of information all around us. When engaging with advertisement stimuli, respondents react not only emotionally, but also to the informational component of a commercial’s message. Information transmission to large-scale audiences utilizes sensory stimuli in ways that alter the chemistry of the brain, driving towards control of an individual’s emotions, and subsequent consumer