This article discusses the different factors that influence buying behaviour in purchase decisions, including recognizing the problem, searching for information, evaluating alternatives, making the purchase, and evaluating the product after purchasing.
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Marketing management1 MARKETING MANAGEMENT By: Student ID: (Name of the Class) Tutor: Insert Name of tutor here University: Department:
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Marketing management2 Analysis of my buying behaviour in a purchase decision Introduction My purchasing behaviour is either direct or a complex depending on the routine or the frequency of my requirements. When buying routine products such as food or household goods, I am to brand switching depending on availability and price of the products. On the other hand, buying professional products such as computers or electronics takes a series of steps that starts with need recognition and end with post-purchase analysis (Wilson 2000). Recognizing the problem There are a number of reasons that influence my purchase patterns. The first port to call is realizing that I require a certain product, or in other words recognizing my problem. At the very basic level, I recognize that I need to eat when hunger strikes. This serves as a stimulation to eat (Kotler & Keller 2015). At the moderate level, the friends I interact with create a need when I spot them with trendy gadgets such as mobile phones or tablets. Other times I develop an instantaneous need for a product such as jewelry when I spot them on the streets. At certain times, I'm influenced by my family and relatives to buy them certain items as gifts (Badgaiyan & Verma 2014). Searching for information Once the demand has developed, I undertake a series of actions in the purchase process. In routine cases such as food, I decide the type of food I like to eat and search for information on the appropriate restaurant. On other items such as professional items like electronics, I search for alternative brands. I sometimes turn to social media or company websites to search for
Marketing management3 alternatives. I also seek customer reviews on different brands on company websites or on social media. On basic items like jewelry, I make an impulse purchase depending on the item that impresses me the most (Helversen et al., 2018). Evaluating Alternatives The next step is to evaluate the different alternatives for the product I am interested especially for electronics. In this step, I check the product features, its advantages over other products. I also check the brand because of past history and emotional attachment to particular manufacturers, and most importantly the pricing. I also check the place where the product can be accessed as well as promotional benefits such as discounts, vouchers or free delivery (Pappas 2016). Making the purchase After evaluating the alternatives, I make a purchase decision. This is influenced by different factors such as the brand name or how fashionable or up-to-date a product is. I also consider how it is packaged. When purchasing from e-commerce, I consider the mode of delivery, the waiting time and mode of payment. At this point, I conclude the decision from the most appropriate vendor who meets my requirements (Wilson 2000). Evaluating the product after purchasing To conclude, I utilize the product that I bought. In the case of apparel, I test its suitability for different occasions and compare to what I would have achieved in the forgone alternatives. In the case of electronics, I sometimes develop cognitive dissonance when the product I just bought does not meet my expectations. Other times, I am completely satisfied with the product features
Marketing management4 and may be tempted to buy similar brands to complement my purchase. When dissatisfied, I check the warranty options with a view to making a return. If I cannot return the product, I make negative comments on the product review page online or advice others not to buy the product (Pappas 2016).
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Marketing management5 References Badgaiyan, A. J. and Verma, A. (2014). Intrinsic factors affecting impulsive buying behaviour— Evidence from India.Journal of Retailing and Consumer Services, 21 (4), pp.537–549. Helversen, V. B. et al. (2018). Influence of consumer reviews on online purchasing decisions in older and younger adults.Decision Support Systems, 113 (2018), pp.1–10. Kotler, P. T., and Keller, K. L. (2015).Framework for Marketing Management. New York: Pearson Education. Pappas, N. (2016). Marketing strategies, perceived risks, and consumer trust in online buying behaviour.Journal of Retailing and Consumer Services, 29, pp.92–103. Wilson, D. F. (2000). Why divide consumer and organizational buyer behaviour?European Journal of Marketing, 34 (7), pp.780–796.