Analysis of Consumer Decision Making Process for Purchasing LycaMobile Services
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Added on  2023/06/07
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This report analyzes the consumer decision making process for purchasing LycaMobile services, including need recognition, internal and external considerations, making a choice, methods of purchasing, and post buyer behavior.
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Table of Contents INTRODUCTION................................................................................................................................3 MAIN BODY.......................................................................................................................................3 Need Recognition.............................................................................................................................3 Internal and External considerations................................................................................................4 Making a choice...............................................................................................................................5 Methods of purchasing.....................................................................................................................6 Post buyer behaviour........................................................................................................................6 CONCLUSION....................................................................................................................................6 REFERENCES.....................................................................................................................................7
INTRODUCTION The term buying process is the decision making framework which is used by the customers related to the market transactions during and before or after the purchase of a particular goods or services. This is also considered as the cost-benefit analysis in the presence of various alternatives. The consumer decision making process also involves various steps by which the consumers evaluate the making of their purchasing decision. This model is considered as an important term so as to understand the concept of marketing and sales. The buyer decision process will enable the customers to set the marketing plan that convinces them to purchase the product or service for carry through the buyer's or consumer's problem. The Purchasing will be based on LycaMobile which is a British mobile virtual network operator working around in 60 countries (Conrad and Price2020). This report will also highlight the various theories of motivation and utilisation of the buyer decision making model to analyse the purchasing decisions regarding LycaMobile. MAIN BODY Need Recognition The term Need recognition refers to the process that occurs when an individual becomes aware of a inequality between their actual circumstances and those they see as perfect or desirable. Before people can begin looking for a solution, they should first admit that they have a problem, to begin with. The need recognition behind the purchase decision of the LycaMobile service plan is very psychological in nature By coming down to Australia, I felt quiet lonely as I was very attached with my family and friends and also I was habitual to be around them all the time. I came Australia to pursue my studies, as I was alone and anxious because of no social circle and other friends and Colleagues to enjoy with, I missed my family and friends and was in a great need to stay in touch with them. As the time passes I felt there is an immediate need to contact with my people and my close ones because I was having no other person to share my problems and happiness with (Dahiya and Gayatri 2018). As I started to scroll down the internet and other relevant platforms, I came across the Customer service namely, LycaMobile which is a British mobile virtual network providing unlimited data and talk time so that people can connect with each other despite of the distance and other factors. I opted the plan for 2 months in which I was provided with a good amount of Data per day and unlimited calls, so that I can stay in touch with my family members and friends.
Internal and External considerations The term internal considerations refer to the important factors and components that the consumer'skeepsintheirmindbeforepurchasinganyproductandservice.Theinternal considerations include the customer's perception, learning and personality and other aspects. Before buying the plan of Lycamobile, there were many internal considerations that were taken into account such as, Use of internet and web engines to search for the phone and the availability of networks which can provide the services to connect with various people that are living at a distance. The various platforms were considered as helpful in making people aware about the service provided by The Lycamobile so that they can stay in touch with their near and dear ones. The External consideration are refereed as the aspects and factors which are looked after by the consumers such as, different culture, social status, family and marketing and other activities before buying any goods and services. The Lycamobile service were being suggested by my friend after I took external considerations by taking into account his opinions to purchase the plan of Lycamobile so that I can contact my family members and friends who were living in a different country so that I can feel motivated and happy by talking to them (HeKukar-Kinney and Ridgway2018). Some classmates of mine had also suggested me to opt the Plan of LycaMobile which were quite reasonable in price along with various features and specifications so that the customers can get the easy access to connect with different people at a reasonable price. Also the company is well known and reputed in the market, as the trust of the customers is good. Figure1External consideration in form of reviews Making a choice The choice was made for opting the Lycamobile services as it was very reliable and convenient for the customers and the general public. The services of the Lycamobile was also
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providing the specific features so that the customers can be provided with excellent values and good offers on data and talk time so that they can stay n touch with their knowns from a distance. Lycamobile has various offerings tom the customers such as, monthly, weekly and annually plan which is for specific price so that the customers can enjoy according to their purchasing power. This process is better explained below using the Evoked set model of buying and purchase behaviour. Acceptable Lycamobile Unacceptable Mobiwik Indifferent Just dial Recharge Overlooked Fast recharge ï‚·Acceptable The Lycamobile is accepted due to its excellent features and other convenience in usage so as to provide the customers in the best possible way. ï‚·Unacceptable Mobiwik was unacceptable due to its pricing policies and rates for the services that are being provided by the company. ï‚·Indifferent The Just Dial recharge was being rejected by one of my friend and it was also described as not favourable according to his reviews. ï‚·Overlooked Fast recharge was considered in the overlooked category as it was searched through various websites and networks but it was not up to the mark service as the customers were quite unsatisfied by its services and the features. Methods of purchasing The term purchasing refers to the availing of various goods and services by paying a certain amount in exchange. There are a lot of purchasing methods which can affect the buying behaviours of the customers. The term Bulk purchasing is the method in which the customers can be benefited
by purchasing the good amount of product or service, the decision making process is affected by this method as it is quite economical form of purchasing which can be opted so as to gain various advantages. The Blanket Purchasing is also one of the major method of purchasing which involves the ordering of items of same group under one category. This method also affects the decision making as it is designed in such a way, so that the procurement processes can be effectuated. Post buyer behaviour After buying the Lycamobile and availing its services, I was quite happy as it allowed me to be in touch with my family members and friends (Mahor 2020). The pricing policy of the service was also convenient according to the customers. Lycamobile was also proving various offers on the purchasing of its premium plan so that the customers can get more benefits after the purchase of that premium plan (Sahund Kaurav 2021). CONCLUSION The above report went into detail with various complex issues such as, Buying process and the consumerbehaviouraswell.Furthermore,theneedforrecognition,Externalandinternal considerations and making the choice were also described, in the context to Lycamobile which is providing various data and talk time facilities to the customers so that they can connect with their people. At the end, The Evoked set model and various methods of purchasing were described along with the post purchasing behaviour so as to make it more clear and understandable.
REFERENCES Conrad, B. and Price, G., 2020. Does the pITG demonstrate selective coupling during numeral processing in kindergartners?-An fMRI study of task-evoked connectivity. Journal of Vision, 20(11), pp.1710-1710. Dahiya, R. and Gayatri, 2018. A research paper on digital marketing communication and consumer buying decision process: An empirical study in the Indian passenger car market. Journal of Global Marketing, 31(2), pp.73-95. He, H., Kukar-Kinney, M. and Ridgway, N.M., 2018. Compulsive buying in China: Measurement, prevalence, and online drivers. Journal of Business Research, 91, pp.28-39. Mahor, N., 2020. Factor effect the customer buying behaviour by influence of packaging and labeling of product. TRANS Asian Journal of Marketing & Management Research (TAJMMR), 9(11), pp.40-56. Sahu, S.K. and Kaurav, R.P.S., 2021. Efficacy of E-WOM and Post-Purchase Behaviour of Online Customers: An Empirical Investigation. Co-Editors, p.295.