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CONSUMER PROFILING, INVOLVEMENT AND DECISION MAKING

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Presentation on theme: "CONSUMER PROFILING, INVOLVEMENT AND DECISION MAKING"— Presentation transcript:

1 CONSUMER PROFILING, INVOLVEMENT AND DECISION MAKING

2 PROFILING CONSUMERS AND UNDERSTANDING THEIR NEEDS
Consumers are valuable assets of an organization. Organization must know who its consumers are. Consumer profiles are descriptive consumer characteristics. A consumer profile is a way of describing the consumers categorically. It is description of consumers that includes Geographic , Demographic , Psychographic and Behavioural Profiles

3 GEOGRAPHIC PROFILE Dividing the market in to different geographical units Such as nations, states, regions, cities and neighbourhoods. Consumers living in different geographical locations have different climatic conditions, socio-cultural factors, so their needs are different. Eg. Clothes, newspapers.

4 DEMOGRAPHIC PROFILE Age Gender Income, Education and occupation.
Size of the family and family life – cycle stage.

5 PSYCHOGRAPHIC PROFILE
Social class: Influences their buying habit, product preferences , attitude and values. Social class plays an important role in consumers preferences for cars, clothes, home furnishing. Lifestyle: Lifestyle involves classifying consumers according to their values, belief, interests and opinion. VALS Value and interests is one of the most used psychographics profiling systems.

6 VALS FRAMEWORK Primary motivation. (horizontal dimension)
Resources (vertical dimension) Eight segments of adult consumers Innovators Thinkers Believers Achievers Strivers Experiencers Makers Survivors

7 Personality Match brand personality with consumer personality Create relationship between brands and consumers Personality incudes personal characteristics, mental abilities, knowledge, belief etc. Eg. Raymonds “The complete man”

8 BEHAVIOURAL PROFLILE Occasions Benefits User rate User status
Brand loyalty status Buyer readiness stage

9 CONSUMER INVOLVEMENT Consumer involvement is a motivational state that drives and directs the behaviour of consumers when making decisions. - Peter and Olson

10 CONSUMER INVOLVEMENT How interested the consumer is in the product?
A desire to think and look of various options before making a purchase. Amount of physical and mental effort put in by consumer. Level of personal importance created within consumer. Interest and importance consumer attaches to acquire a product. Differs along persons, products , purchase situations and time availability

11 Application of consumer behaviour knowledge in marketing
Analysing the environment. Segmentation, Targeting and Positioning. Designing the marketing strategies. Designing the marketing mix – 4 P’s. Application in Goverenmental and non-profit organizationsnand social marketing

12 MARKET SEGMENTATION The process of dividing the market into distinct sub markets of consumers with common needs and characteristics. Helps in identifying a clear market that is underserved. Demographic segmentation. Psychographic segmentation. Geographic segmentation. Behavioural segmentation.

13 POSITIONING Development of a distinct image for the product or services in the minds of the consumers. Kellogs – Breakfast food Maggi- Instant food cooked in 2 mins. WHEEL detergent – economic washing powder

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