November 22, 2017
consumer behaviour

How To Conduct A Consumer Behaviour Study? Follow These 5 Tips.

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Why Is Consumer Behaviour Important?

 

Studying consumer behaviour can be the answer to all your questions when it comes to increasing sales or improving the product propaganda and works as a guide for your company to progress into the right direction.

 

 

Some variables are known to influence the consumer behaviour. To undertake & possess a thorough knowledge of such a fact makes it easier not only to consider the desires and needs of the consumers; but also, helps to launch product offers into the market in an appropriate way.
When setting up a new business, the reasons leading to success and failure are equally essential. It’s not just about what can bring you profit, but also, how to build a consistent and growing consumer base.

 

 

To keep the customers interested in your business, you must take into account the most important point- the customer service; followed by the quality of products and the employee attitude towards customers.

 

 

We know that a business cannot continue without a customer, that’s why the relationship between a client & a firm must be highly prioritised, well-understood, formidable, & consistent.

 

 

 

What Is Consumer Behavior?

 

Whether you intend to create a business plan or make a viable change in your relationship with the customers, you need to understand the meaning of consumer behaviour.

 

 

Definition of Consumer Behaviour:

 

 

It is based on the study and analyses of the reasons that lead customers to choose a product or a service.

 

 

Even with other options in sight, they turn to what you have to offer, resulting in something quite significant for both sides. Your offer is what makes a difference in the consumer’s life. As such, it should be treated as a treasure and carefully understood to gather valuable information.

 

 

The collected data can be applied to improve the relationship between a business and its clients, with effective marketing campaigns. The process leading to the decision making, however, can occur as much individually as in a group.

 

 

 

The consumer behaviour is analysed in 3 steps:

 

  1. The use of a product or service
  2. Payer
  3. Buyer

 

 

 

How To Conduct A Consumer Behavior Study?

 

The study of consumer behaviour is based on four different factors as listed below:

 

 

#1 Cultural Factor

 

A Cultural Factor is related to the consumer’s conviviality with other people. This is a phase when a satisfied customer spreads the word about your company’s good service, willingly. In common terms, it’s also regarded as “word of mouth.”

 

 

Such a culture is what fundamentally shapes the view and gives a tremendous boost to the consumption of commodities, and guides a company to reach its targeted audience on a large scale.

 

 

Additionally, an entrepreneur can use this information to fix internal or external problems and develop protocols to stimulate the client into making a purchase.

 

 

 

#2 Social Factor: Client References

 

A Social Factor is highly relevant to consumer behaviour in a social ambience. The references may come straight from friends, relatives, colleagues, or groups in which he/she is associated or, in some cases, even dissociated. Questions need to be raised around these circles of influencers.’

 

 

 

#3 Personal Factor

 

Many intentions shape the preferences of people, especially when picking a product. Also, their individual experiences play a major role in leading them to buy a merchandise.

 

 

To correctly identify which of the personal factors influence your consumers, it’s recommended to perform a research with survey questions which enables your client groups to respond in accordance with their respective point of view about your products/services offered.

 

 

Importantly, the point of view refers to the personality which leads to a purchase. But, doesn’t mean that you can’t divide your audience into groups.

 

 

Individuals may list different personal enablers for acquiring your product which indicates that the certainty of creating a marketing campaign is more assertive and efficient.

 

 

#4 Psychological Factor

 

Understanding the consumer’s psychology is a powerful tool in influencing your entire customer outreach strategy. It’s essential because these circumstances make it easy for the client to accept a promotional offer that combines with their needs & preferences. Consequentially, maintaining the quality, customer satisfaction, and ultimately developing loyalty to your brand.

 

 

 

#5 Influencers

 

The underlying cause or the ‘Influencers’ can be defined as a good or a bad detail that motivates a customer to make a decision to buy or to not buy your product. Both are equally important to examine.

 

 

There is always a reason, including the time people no more use your product. By figuring out the influencers and its reasons, a business can develop a more stable base and implement an action to turn the situation in its favour.

 

consumer behaviour

Image Credits: Big Commerce

 

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Reneide is a Creative Content Creator & Social Media Promoter who brings a tremendous experience of past 7 years to the platform. She is associated with a number of budding Startup Enterprises from around the world who rely on her client-oriented writing skills. Her passions include Tech, Business, and Entrepreneurship, which she writes about on a regular basis.

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