Impact of E-Marketing of Luxurious Brands on Consumer Purchase Decision: Case of Hamleys
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Added on 2023/01/13
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This study aims to investigate the impact of e-marketing on consumer purchase decision of luxurious goods, using Hamleys as a case study. It will determine the extent of impact of internet on consumer behaviour, develop strategies for online marketing of luxury brands, and measure the effectiveness of internet marketing tools.
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Impact of E-Marketing of Luxurious Brands on Consumer Purchase Decision: Case of Hamleys Problem Statement E-marketing has drastically changed the scenario of consumer behaviour and marketing techniques. Internet is now considered as a medium or path for consumers to communicate regarding brand and style of products and services (Felix, Rauschnabel, & Hinsch, 2017). With the changing environment, the consumers wish to spend less time in physical research and are highly dependent on e-marketing tools such as Facebook, Google, LinkedIn, Twitter, YouTube and others. Online marketing has no time limit and can attract the customers efficiently and effectively. This study shall help in understanding if internet marketing affects consumer behaviour towards luxury goods (Ashley & Tuten, 2015). There are different arguments to whether or not luxury brands should sell their products online. It is not easy to build a website that defines an organization’s products and services that is in link with marketing. People are now looking for updated information simply by a click on the site. Social media sites can now keep the customers updated about such information that would help in consumer purchase decision process (Schivinski & Dabrowski, 2016). Although the importance of internet marketing is dependent on the nature of its products and services, internet is becoming of utmost importance to all kinds of products and services. Wealthy consumers tend to spend more money on online shopping rather than retail shopping. However, online channels sometimes question the status and credibility of a brand. It has been perceived that factors such as price, quality, societal factors and brand loyalty affects consumer behaviour of luxurious
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goods. This study intends to evaluate whether online marketing of luxury brands influences consumer purchase decision (Godey et al., 2016). Aim and Objectives Thisresearchproposalaimstoinvestigatetheimpactofe-marketingorinternet marketing on consumer purchase decision of luxurious goods. The objectives are to: Determine the extent of impact of internet on consumer behaviour. Develop strategies for online marketing of luxury brands. Measure the effectiveness of internet marketing tools. Methodology To assess the variables accurately whether or not consumer purchase decision is affected by online marketing, this study applies various methods to conduct the study: Literature review- This research shall review literature of different scholars and academic experts. The peer-reviewed journals, publicly available reports and academic books shall be referenced for studying the relationship between luxury goods and consumer purchase decision. Conclusions shall be drawn from the literature and theories regarding consumer purchase decision shall be deeply explained. Data collection- This research study shall involve secondary data collection from the website of Hamleys. Data shall also be gathered from social media sites such as YouTube, Facebook, Google, Twitter and Instagram. Also, data shall be collected from governmentandindustrysources. Theresearchshallinvolvebothqualitativeand
quantitative data for the purpose of the study. Theories related to consumer purchase decision shall be qualitative in nature. Secondary Data Sources and Data As stated above, this study shall mainly use secondary data from Hamleys website and other social media sites used by the company for marketing. Particularly, the frequency of social media posts on YouTube, Facebook, Google, Twitter and Instagram shall be analyzed. The reach and views of the posts shall be noted. Further, the conversion rates of online shopping by consumersofHamleysshallbecomparedwiththephysicalsellingenvironment.The engagement rate for social media marketing shall be analyzed where the existing or potential consumers would be shown commenting, liking or sharing the posts made by Hamleys (Gautam & Sharma, 2017).
References Ashley, C., & Tuten, T. (2015). Creative strategies in social media marketing: An exploratory studyofbrandedsocialcontentandconsumerengagement.Psychology& Marketing,32(1), 15-27. Felix, R., Rauschnabel, P. A., & Hinsch, C. (2017). Elementsof strategic social media marketing: A holistic framework.Journal of Business Research,70, 118-126. Gautam, V., & Sharma, V. (2017). The mediating role of customer relationship on the social media marketing and purchase intention relationship with special reference to luxury fashion brands.Journal of Promotion Management,23(6), 872-888. Godey, B., Manthiou, A., Pederzoli, D., Rokka, J., Aiello, G., Donvito, R., & Singh, R. (2016). Social media marketing efforts of luxury brands: Influence on brand equity and consumer behavior.Journal of business research,69(12), 5833-5841. Schivinski, B., & Dabrowski, D. (2016). The effect of social media communication on consumer perceptions of brands.Journal of Marketing Communications,22(2), 189-214.