2CONSUMER BEHAVIOR Introduction This paper is going to examine the buying behavior process of the customers while buying a car. Recent interview of one of my cousins, named Jasper has showed that the five steps of his decision making process. He said that that it includes the problem recognition, searching for the information present for the product, evaluation of the alternatives present of the product, the product choice and the purchase evaluation before buying the product (Yadav et al. 2013). However, this paper will present an info graphic of the consumer profile for buying a product. The profiling of the customers will clearly present a profile of the present customers of the products with several different segments like the demographic and role, the way customers perceive the chosen product, the self-concept and personality, the factor that motivates the customer to buy the car, their emotions related to the product, the loyalty status and the current trends present in the industry. Discussion Consumer profile Info graphic Consumer or customer profiling is a general description of the ideal customer of a company. It consists of demographics, likes and dislikes their preferred brands or media channels (Yi and Gong 2013). Having a documented written profile of the customers’ helps in finding the product or services which are best suited for the customers as well as market them much more affectivity (Ludwig et al. 2013). Consumer profile of Jasper
3CONSUMER BEHAVIOR Demographic- Age- Jasper is 29 years old Gender- He is a male Marital Status- Unmarried Ethnicity- White American Location or living situation - Austin Profession or Occupation- works in a multinational company Income- 45k monthly Education- System engineer Family size- 3 Home owner- Father Description- He is a young boy, looking forward for buying a car that would attract his mates and has high longevity How they perceive the car He perceives the brands like Toyota, Ford, Chevrolet and Honda to be the top and the most trusted brands of car. He perceives each of the brands on the basis of quality, safety, performance, value, design/style, environment friendly and innovation. Self-concept and personality Jasper buys product heavily through online process He has a great spending power He is an expert level shopper He often spends money in buying gifts for his friends and families He also buys his family their daily need products Motivational factors Jasper is highly motivated by high personalization He is also motivated by quick shopping features as well as quick transaction process The feature of great saving on the bundles of products also attracts Jasper in a great way Along with this, good suggestion of product gifting motivates jasper Emotions He gets overwhelmed when he shops any product He always tends to feel superior to other and therefore, he wants to but the best one within his budget. He gets easily frustrated while shopping when he has to spend more time in buying any product He regards shopping as a chore and he always opts out for the most trusted as well most trusted path for purchasing any product Loyalty status Jasper is a shifting loyal. He shifts loyalty from one brand to other after assessing which is the best one Current trend in the industry
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4CONSUMER BEHAVIOR Car sharing- the emotional attachment of the customers with cars have been decreased to a notable rate than a couple of years back. Hence, car sharing has become very common even in the economies like the EMEA and the APAC regions. Crossover vehicles- Crossover has become a good hit in the current generation, which expects comfort of an SUV with the effectiveness of the operational cost and the fuel (Conley 2016). A mixture between the daily the SUVs and the Sedans, crossover vehicle has emerged as the most practical way for communicating without compromising the newer markets Use of the cloud technology in the automotive industry The pricing has been improved along with the block chain capability. Multi-terrain vehicles and baby boomers have been introduced. They provide an ease of the operations and comfort in the needed terrains (Hsiao and Hsiao 2015). 3D printing Electric cars Driverless with the autonomous vehicles. The big data has increased the role in the automotive industry Conclusions The buying behavior of Jasper is both positive and negative about the product. It is positive in the sense of choosing to look for good things like quality, value and most importantly whether the car is environmental friendly or not. However, the negative aspect of his buying behavior is that he always looks for specific brand in order to choose a car, without considering their margins. References Conley, J., 2016. SUV Advertising: Constructing Identities and Practices Fiona McLean. InCar Troubles(pp. 73-90). Routledge. Hsiao, K. and Hsiao, Y., 2015.Multi-rotor aerial vehicle. U.S. Patent Application 29/502,242. Ludwig, S., De Ruyter, K., Friedman, M., Brüggen, E.C., Wetzels, M. and Pfann, G., 2013. More than words: The influence of affective content and linguistic style matches in online reviews on conversion rates.Journal of Marketing,77(1), pp.87-103. Yadav, M.S., De Valck, K., Hennig-Thurau, T., Hoffman, D.L. and Spann, M., 2013. Social commerce: a contingency framework for assessing marketing potential.Journal of Interactive Marketing,27(4), pp.311-323. Yi, Y. and Gong, T., 2013. Customer value co-creation behavior: Scale development and validation.Journal of Business Research,66(9), pp.1279-1284.