Implications for Marketing Strategy




 

As consumer markets become more and more competitive, marketers need to understand very thoroughly both the needs and desires of their potential consumers; which product features can be combined to satisfy these needs and desires. A better knowledge of consumer behavior can enhance the company’s understanding of itself and its environment. Product bought by habit and low involvement purchases such as health supplements tend to be purchased more frequently in which provide a greater opportunity for positive reinforcement and brand loyalty. With each successive purchase of the same brand, the chances of consumers buying again increases until there is a high probability that the consumer will continue to repurchase. It is important for marketing management to identify the position of its brand in the market and as the strategic implications of this applies to every aspect of the marketing strategy. Companies selling low-involvement, habitual products such as health supplements must ensure that their products are distributed extensively. This is because the health supplements industry produces high turnover and low margin products. Widespread distribution is important as consumers seeing the products often will help remind them to buy, and it also keeping with the fact that the most consumers purchase the health supplements from a particular store because of the store’s convenience. Many health supplements companies have been successful in their distribution of their products. Healtheries has climbed to number on in personal products in the supermarkets, this success is attributed to the channel switching from chemists and health food shops to super market chains. (Marketing, 1999, p.23). Many consumers buy from stores like pharmacies and health food stores because they need to seek more information about the health supplements products; therefore, it is important that the retailers can provide information for their customers. The nature of advertising and promotion also differs according to the involvement level of the purchase. In low-involvement decision process, consumers engage in very little external search before they make a purchase. Therefore it is crucial that consumers immediately think of the company’s brand when they recognise a problem.

 


Conclusion

 

The decision-making processes of health supplements and formal clothing are completely different. The level of involvement the consumers has in the purchasing decision for formal clothing is high, this is because their perceived risks such as financial and psychological risks are high as well. In contrast, the health supplements purchase has little or no risks involved therefore low involvement occurs in the purchase decision. A consumer simply feels a physical problem will purchase health supplements. There is not need for an extended information search because the consumer does not consider the purchase important enough to was time and effort in its search. The formal clothing purchases in another hands; involve an extensive information search. The types of information search also have influences on the types of advertising used. Regarding to the low-involvement health supplements purchase, mass audiences are targeted through repetitive advertising. Marketers must try to induce a higher level of involvement from customers through their advertising and promotion strategies. Formal clothing advertising is much more specialised and focused. Marketer uses persuasive advertising messages to induce sales. And informative and detailed advertising are often used to assist consumers in their information search. The complex nature of the evaluative criteria of formal clothing reinforces this idea, where alternative solutions are evaluated using numerous criteria, in contrast to health supplements are mainly evaluated mainly on the basis of convenience and sales force’s expertise. The decision making processes that consumers goes through is also important as it helps the marketer to gain an understanding of the way to increased their revenue. The ability for marketers to apply strategies that influences the consumers’ decision is the key to successful marketing.

 


Bibliography

 

1. The National Business Review, p.32. Hanna, N., & Wozniak, R. (2001).

2. Consumer Behaviour: An applied approach. New Jersey: Prentice-Hall. Mowen, J.C., & Minor, M. (1998).

3. Consumer Behaviour (5th Ed.). New Jersey: Prentice-Hall. Neal, C., Quester, P., & Hawkins, D. (2000).

4. Floyd, K. Making healthy profit: Business booms for naturopaths and herbalists. (1999 June 9).

5. The Independent, p.18. Kotler, P., Armstrong, G., Brown, L., & Adam, S. (1998).

6. www.researchsurveys.co.za/papers/buyer.htm

7. www.sheridanc.on.ca/~nowell/marketing/mkunit5/mk1unit5.htm.

8. www.staffs.ac.uk/sands/buss/bscal/mandev/m_ma/t_bb/bb.htm

...





Читайте также:
Что такое филология и зачем ею занимаются?: Слово «филология» состоит из двух греческих корней...
ТЕМА: Оборудование профилактического кабинета: При создании кабинетов профилактики в организованных...
Основные этапы развития астрономии. Гипотеза Лапласа: С точки зрения гипотезы Лапласа, это совершенно непонятно...
Жанры народного творчества: Эпохи, люди, их культуры неповторимы. Каждая из них имеет...

Поиск по сайту

©2015-2022 poisk-ru.ru
Все права принадлежать их авторам. Данный сайт не претендует на авторства, а предоставляет бесплатное использование.
Дата создания страницы: 2019-06-03 Нарушение авторских прав и Нарушение персональных данных


Поиск по сайту:


Мы поможем в написании ваших работ!
Обратная связь
0.01 с.