Impact of Consumer Loneliness on Product Preferences and Choices

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Added on  2020/06/05

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This research project investigates the impact of consumer loneliness on purchasing decisions and brand loyalty. The study involved a questionnaire distributed to 30 participants of varying ages, genders, and marital statuses to assess their understanding of consumer loneliness and its influence on their buying behavior. The findings reveal that loneliness significantly affects purchasing decisions, with a majority of respondents preferring minority-endorsed products and perceiving that their loneliness impacts their choices. The research also highlights that lonely consumers often prefer products outside the mainstream and that customer loneliness can decrease sales and market value. The analysis includes a detailed examination of the data collected, with interpretations and recommendations for businesses. The study suggests that companies should enhance their promotional activities, develop informative websites, and implement online and traditional marketing campaigns to reach lonely consumers effectively. The report concludes with strategies to improve brand awareness and product information among this demographic, ultimately aiming to mitigate the negative impacts of consumer loneliness on brand loyalty and consumer choices.
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RESEARCH
PROJECT
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Table of Contents
TASK 2............................................................................................................................................1
2.1 Match resources effectively to research question or hypothesis...........................................1
2.2 Undertake the proposal research investigation in accordance .............................................2
2.3 Record and collect required data...........................................................................................3
TASK 3............................................................................................................................................5
3.1 Research assessment method with justification....................................................................5
3.2 Analysis and interpretation of the result...............................................................................5
3.3 Recommendation and area of improvement.......................................................................16
TASK 4..........................................................................................................................................17
4.1 Presentation of outcome......................................................................................................17
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TASK 2
2.1 Match resources effectively to research question or hypothesis
Name-
1 Age
ï‚· 20 to 30
ï‚· 30 to 40
ï‚· 40 to 50
ï‚· 50 above
2 Gender
ï‚· Male
ï‚· Female
3 Marital status of customers
ï‚· Single
ï‚· Married
4 Do you understand the meaning of consumer loneliness?
ï‚· Yes
ï‚· No
5 While you purchase product and services which factor mostly affect your purchasing decision?
ï‚· Price
ï‚· Brand
ï‚· Quality
ï‚· other
6 Which kind of product lonely consumer prefers mostly?
ï‚· Minority endorsed product
ï‚· Majority endorsed product
ï‚· Other
7 Do you think that minority endorsed product fit better with the feeling of loneliness?
ï‚· Yes
ï‚· No
8 Do you think that your loneliness can affect your purchasing decision?
ï‚· Yes
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ï‚· No
9 Do you agree that people who are lonely prefer products outside the mainstream?
ï‚· Strongly agree
ï‚· Agree
ï‚· Disagree
ï‚· Strongly disagree
10 Do you think lonely people purchase product and services in more frequent manner?
ï‚· Strongly agree
ï‚· Agree
ï‚· Disagree
ï‚· Strongly disagree
11 Do you think alone customer select high level brand at the time of purchasing the product and
services?
ï‚· Yes
ï‚· No
12 Do you think that loneliness of customer can affect customer choice and brand loyalty?
ï‚· Yes
ï‚· No
2.2 Undertake the proposal research investigation in accordance
In order to conduct the investigation about the consumer loneliness, researcher have
developed a systematic questionnaire about the consumer loneliness. In addition to this,
researcher taken the personal email id of 30 people who have different age, gender, marital status
etc. This is one of the best method to collect the information about the subject because in this
way, respondents can freely feel the questionnaire form.
2.3 Record and collect required data
Theme 1: Age
Age Frequency
20 to 30 3
2
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30 to 40 7
40 to 50 15
50 above 5
Theme 2:Gender
Gender Frequency
Male 15
Female 15
Theme 3:Marital status of customers
Marital status of customers Frequency
Single 25
Married 5
Theme 4: Meaning of consumer loneliness
Do you understand the meaning of consumer loneliness? Frequency
Yes 27
No 3
Theme 5: While customer purchase product and services which factor mostly affect your
purchasing decision
While you purchase product and services which factor mostly affect your
purchasing decision? Frequency
Price 8
Brand 10
Quality 7
other 5
Theme 6: Kind of product lonely consumer prefers mostly
3
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Which kind of product lonely consumer prefers mostly? Frequency
Minority endorsed product 25
Majority endorsed product 3
Other 2
Theme 7:Minority endorsed product fit better with the feeling of loneliness
Do you think that minority endorsed product fit better with the feeling of
loneliness? Frequency
Yes 28
No 2
Theme 8: Loneliness can affect your purchasing decision
Do you think that your loneliness can affect your purchasing decision? Frequency
Yes 25
No 5
Theme 9: People who are lonely prefer products outside the mainstream
Do you agree that people who are lonely prefer products outside the
mainstream? Frequency
Strongly agree 15
Agree 8
Disagree 4
Strongly disagree 3
Theme 10: Lonely people purchase product and services in more frequent manner
Do you think lonely people purchase product and services in more frequent
manner? Frequency
Strongly agree 15
Agree 10
Disagree 3
Strongly disagree 2
4
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Theme 11:Do you think customer loneliness can decrease the sales and market value of
company?
Do you think customer loneliness can decrease the sales and market value
of company? Frequency
Yes 20
No 10
Theme 12: Loneliness of customer can affect customer choice and brand loyalty
Do you think that loneliness of customer can affect customer choice and
brand loyalty? Frequency
Yes 25
No 5
TASK 3
3.1 Research assessment method with justification
Research evaluation is one of the most effective and significant method in the entire
investigation under which researcher can easily analyse and assess the actual solution of the
research problem. There are major two kinds of research evaluation that is formative and
summative research evaluation. In this present study, scholar can implement formative research
evaluation technique for analyse the impact of consumer loneliness on their purchasing decision
and choice.
5
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3.2 Analysis and interpretation of the result
Theme 1: Age
20 to 30 30 to 40 40 to 50 50 above
0
2
4
6
8
10
12
14
16
Frequency
Interpretation and analysis: From this section it has been analysed that in the survey of people,
most of the customer have age of 40 to 50 year old. Thus, it can be said that loneliness customer
are age of 40 to 50 year old.
Theme 2:Gender
6
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Male Female
0
2
4
6
8
10
12
14
16
Frequency
Interpretation and analysis: This section stated that in the survey from 30 respondents, 15 are
male and 15 are female. Thus, in the collected information it can be said that various views and
opinion of male as well as female.
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Theme 3:Marital status of customers
Single
Married
Interpretation and analysis: This section stated that in the survey most of the customer marital
is single. Thus, it can be said that most of the loneliness customer are single who have not done
married.
Theme 4: Meaning of consumer loneliness
8
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Yes
No
Interpretation and analysis: This section stated that in the survey from 30 people, 27 are
effectively known the meaning of consumer loneliness. On the other hand only 3 respondents
have no idea about the customer loneliness. Thus, it can be said that many of the respondents in
the survey have effective idea and knowledge about the customer loneliness.
Theme 5: While customer purchase product and services which factor mostly affect your
purchasing decision
9
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Price
Brand
Quality
other
Interpretation and analysis: This section stated that while customer purchase any product and
services then brand is major factor that can affect their purchasing decision. From the survey of
30 respondents it has been founded that 10 customer said that purchasing decision can affected
by brand. On the other hand, 7 customers said that their purchasing decision can affected by the
quality of product and services. In addition to this, 8 customers purchasing decision can affected
by the prices of product and services.
Theme 6: Kind of product lonely consumer prefers mostly
10
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