MARKETING THEORIES – EXPLAINING THE CONSUMER DECISION MAKING PROCESS
THE CONSUMER DECISION MAKING PROCESS:
The Consumer or Buyer
Decision Making Process is the method used by marketers to identify and track
the decision making process of a customer journey from start to finish. It is
broken down into 5 individual stages which we have decided to demonstrate with
our latest decision making journey surrounding some rather sorry looking
trainers.
1
– Problem Recognition (I need new trainers)
The first stage of the
process is working out what exactly you or the customer needs. The customer
feels like something is missing and needs to address it to get back to feeling
normal. If you can determine when your target demographic develops these needs
or wants, it would be an ideal time to advertise to them.
In our case we noticed our
running trainers were looking a little worse for wear and we acknowledged the
need for a new pair.
2
– Information search (What trainers are out there?)
This is the search stage of
the process. One that is continually changing from old fashioned shopping
around to the new shop front which is Google (other search engines are
available - apparently). Information is not only gathered about stuff and on
things but from people via recommendations and through previous experiences we
may have had with various products.
In this stage a customer is
beginning to think about risk management. A customer might make a pro’s vs.
con’s list to help make their decision. People often don’t want to regret
making a decision so extra time being put into managing risk may be worth it.
In our case we Google trainer
reviews, and searches such as “what is the best trainer for dirt running?”
among other searches as well as remembering that we didn’t like Gola or Dunlop
shoes and had a nasty experience with a pair of Filas in the 90’s.
3
- Evaluation of Alternatives (Do I need trainers and if so which ones?)
This is the time when
questions start being asked. Is this really the right product for me do? Do I
need a different product? If the answers are either “No it’s not right” or “yes
I need a different product” then stage 2 may recommence. The stage 3 to 2
transition may happen several times before stage 4 has been reached.
Once the customer has
determined what will satisfy their want or need they will begin to seek out the
best deal. This may be based on price, quality, or other factors that are
important to them. Customers read many reviews and compare prices, ultimately
choosing the one that satisfies most of their parameters.
In line with our example we
started questioning if we actually needed running shoes: are there alternatives
out there? Were our original trainers that bad? The answers were Yes/Yes but
none I liked/Yes they really were. So the process was able to continue.
4
– Purchase (Buying the trainers)
The customer has now decided
based on the knowledge gathered what to purchase and where to purchase what
they desire.
At this stage a customer has
either assessed all the facts and come to a logical conclusion, made a decision
based on emotional connections/experiences or succumbed to
advertising/marketing campaigns, or most likely a combination of all of these
has occurred.
In our customer journey we
purchased some rather nice Asics runners as we had a wonderful experience with
them previously, they were well priced on the market and the marketing around
Asics trainers has always linked them to being the best option for “real
athletic trainers”. The positioning of the product also lent itself to where
they were purchased, a sport shop rather than a shoe shop.
5
– Post Purchase satisfaction or dissatisfaction (Were they the right trainers
for us?)
The review stage is a key
stage for the company and for the customer likewise. Did the product deliver on
the promises of the marketing/advertising campaigns? Did the product match or
exceed expectations?
If a customer finds that the
product has matched or exceeded the promises made and their own expectations
they will potentially become a brand ambassador influencing other potential
customers in their stage 2 of their next customer journey, boosting the chances
of your product being purchased again. The same can be said for negative
feedback which, if inserted at stage 2, can halt a potential customer’s journey
towards your product.
To finish our customer
journey – we very much like the trainers we have chosen – we would recommend
them to a friend, and on purchasing our next set of trainers would probably
make a similar brand or product choice. Our satisfaction has made us a brand
ambassador for the company who created our wonderful trainers (unless they want
to send us a free pair after this article….Size 9 thank you).
So there is the Consumer
Decision Making Process in stages with the story of our last trainer purchase
thrown in to boot (no pun intended).
👍👍
ReplyDeletegood work
ReplyDelete