Social Media Can Influence Customer Buying Behaviour
Added on -2020-07-22
| 11 pages| 2655 words| 24 views
Trusted by 2+ million users, 1000+ happy students everyday
Showing pages 1 to 4 of 11 pages
How social media can influence customer buying behaviour
TABLE OF CONTENTS INTRODUCTION:.........................................................................................................................1 LITERATURE REVIEW...............................................................................................................2 RESEARCH METHODOLOGY.....................................................................................................4 TIMELINE OF RESEARCH..........................................................................................................5 REFERENCES:...............................................................................................................................7
INTRODUCTION: In the recent scenario, social media has highly influenced the buying behaviour of customers. It has transformed the way of purchasing products. The use of social media is rapidly increasing among people. Mostly, youngster’s interest has increased due to ease of technology. However, there has been high demand of smartphones in the market. Social media has created a great impact on the buying behaviour of customers (Flick, 2015).It is because of marketing of products on networking site. Companies are now promoting their products on social media. Besides this, platform has given opportunity to companies to attract a large number of customers. This has developed various e-commerce sites for doing business. As more and more people interact with each other on social media, they discuss about product’s features. After using that, product’s reviews are given. Reviews givenby people play a vital role in influencing the behaviour of other people. Reviews and feedback helps in identifying how much a product values. Also, what unique feature it has (Robson, 2014). Thus, by knowing reviews and ratings of products, decisions are taken. Customer behaviour is related to the decision and choice of people while purchasing a product. It refers to the factors that influence people in their buying behaviour. These factors are related to social, psychological behaviour, etc. of people. Along with this, change in tastes and preferences of people also lead to change in their needs. A negative review about a product will create a bad image of that. This will allow them to not to buy that. If a consumer becomes loyal with a company then he or she will always say positive about it. It will help in creating a strong brand image of company (Smith, 2015). Importance of research Social media is a platform where a person is connected with millions of other people. So, if anything recommend by him will be observed by them. This is the main reason why companies promote their products on social media. Also, a positive or negative comment given by individual will let others in making decision. Moreover, generally people buy products only after getting reviews from others. For example- a new product is launched in the market. So, if positive reviews are given by people then it will help in easy promotion. Thus, by this, company will be able to increase its sales and generate more profits (O’Leary, 2017). 1
Rationale of research This research is based on How social media can influence customer buying behaviour. It will show why there has been change in consumer behaviour and what factors are involved in this. People have been focused on social media to purchase any products. They search for information and then compare it with other. This helps them to make correct decision. The objective behind conducting this research is to find out the factors that influence consumer buying behaviour while purchasing products on social media. Research objectives: To identify impact of social media on consumer buying behaviour To identify impact of social media on business marketing strategies. To identify the changes social media has brought to consumers in different stages of their decision making. Research questions What is the role of consumer buying behaviour in purchasing goods and services? What is the role of social media in marketing of products? How social media influence customer buying behaviour? LITERATURE REVIEW The digital evolution has transformed entire way of doing business. It has provided many techniques and tools through which products and services are advertised (Bell, 2014).The methods and tools used in this have attracted a large number of customers in less time. Also, it has provided a platform for companies to promote their products at same place. However, it has effectively used technology for marketing products. For this, social media and internet have been a great tool for companies. It is because; people are highly attracted towards various networking sites. The increase in use of social media among youngsters have converted companies to use them as a useful source. Moreover, the benefits of using this source are it is very cheap and large number of people like to spend most of their time on networking sites. They interact with each other and share their views and opinions (Dyas, and Leighton, 2014). It has provided a variety of 2
Found this document preview useful?
You are reading a preview Upload your documents to download or Become a Desklib member to get accesss