Preview

why and how people buy

Satisfactory Essays
Open Document
Open Document
663 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
why and how people buy
Possibly the Best Fit, “Why” and “How” people buy

All these novel applications offer customization to the buyers. More specifically, identify the benefits woven in the customization process in terms of “why” people buy. They can be those benefits already realized and the ones you would suggest to add.
Customization delivers a sense of accomplishment and personal value along with the custom made product.
1) People buy to get emotional benefits to show off, to connect, to feel special…
All these novel applications provide customization to the buyers and offer them emotional benefits to:
a) show off their creativity and originality through social platforms such as tweeter and Facebook
b) connect to the group or organization that they want to be a part of
c) feel special by having something personalized and unique and scarce

2) People buy to get physical/tangible benefits and favor products, services, and activities with better quality, durability, reliability, or reputation.
a) People buy some products, services, and activities solely because they cannot live without, such as food, shelter, clothing, transportation, etc.
b) More often people buy products, services, and activities that can improve their quality of life and make them happy, such as a new pair of jeans, an iPhone, and tickets to a concert.

To sum up, people buy things that can either solving a problem they have or helping them achieve an important goal. The customization process can craft around what customer really want and deliver the experience of getting the desired outcome to them in advance. Customization offers many benefits ranging from convenience & timesaving, freedom to make decision, to more available choice, more tailored service. It can increase customer trust and buyer commitment, and is more a proactive and cost-effectiveness approach.

Companies initiating these customization applications can be manufacturers, retailers, or third

You May Also Find These Documents Helpful

  • Good Essays

    Ahmed unit 12 lubega p4

    • 717 Words
    • 2 Pages

    Topshop benefits from personalisation of products as it helps the business recognise meeting the customer needs better because a customer can specifically make the product by itself online. This means that the business can attain greater customer satisfaction as well as ensure customers remain loyal. Personalisation can also create a better way of communicating and keeping a good relationship with the customer so they can revisit the website more frequently. Topshop are able to personalise products at a lower cost which means mass customisation helps the business to make use of mass production and to also introduce personalisation in the marketing mix.…

    • 717 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    The last essential component in individual item choices identifies with customer services. Clearly connecting with clients is the crucial part of each business. Consequently, giving much significance to clients is very prescribed. Planning and building successful support services can help organizations separate themselves from contenders, and acquire fulfillment and dependability from clients after deal. Recent days, with the development of high technology, the companies can use many ways to interact efficiently with customers, for example via phone, e-mail, Internet, etc. (Kotler and Armstrong, 2014)…

    • 87 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Itm601 Assignment 3

    • 840 Words
    • 4 Pages

    level of customization offered to customers is usually considered as a critical strategy and GDC…

    • 840 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Quiz 15

    • 429 Words
    • 2 Pages

    B. the citizens of the country have a greater desire to consume goods and services than do the citizens of other countries…

    • 429 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Tui Mkt301 Module 1 Case

    • 1566 Words
    • 7 Pages

    The purchase of anything is based on the consumer background, lifestyle, and comfort in which is a routine action or something that requires attention. This is generally tied to currency and risk.…

    • 1566 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Capstone Case Study Summary

    • 3336 Words
    • 14 Pages

    The existing products offer the customer a number of options. Depending on who is making the buying decision they can base the purchase on up-front costs, lifetime savings, or quality of the equipment.…

    • 3336 Words
    • 14 Pages
    Good Essays
  • Satisfactory Essays

    ferris influence

    • 1215 Words
    • 5 Pages

    1) Necessity driven buying behavior – Every human being has certain basic needs to fulfill those basic needs, one has to buy related products. It varies from person to person.…

    • 1215 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Consumers are motivated by needs and wants. Does the consumer want it? Is it the latest and greatest? Is it a new color? A new model? Is the old one just a bit rusty, or squeak just a little? Is the consumer trying to “keep up with the Jones”? Does the consumer need it? Does it improve their physical well being? Is it a necessity of work, school, or life in general?…

    • 611 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Mkt 421

    • 541 Words
    • 3 Pages

    B. Shopping products are those products for which customers usually want to use routinized buying behavior.…

    • 541 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    homework3

    • 459 Words
    • 2 Pages

    b) Suppose that current and future consumption are perfect complements for the consumer and that he or she always wants to have…

    • 459 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    It has been argued that what people buy and do with those things provide an indicator of the sort of person that they are. People want to feel that they belong and are part of something when they consume and factors such as income, media influence and…

    • 1307 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Product Design

    • 2695 Words
    • 11 Pages

    To develop or re-design a new product that will be appealing to the consumers. This is challenges for any kind of product. We analysed this product used various tools such as value analysis.…

    • 2695 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    The consumption of products for fun, amusement, fantasy, arousal, sensory stimulation, or enjoyment. Hedonic, pleasure-oriented consumption is motivated by the desire for sensual pleasure and fun. In western culture such products are often labeled as frivolous or decadent. The concept of hedonic consumption recognizes that individuals consume many types of products because of the feelings and images that are associated with the product. The cognitive motives driving the consumption of hedonic products are arguably the need to satisfy symbolic and value-expressive motives such as ego gratification, social acceptance and intellectual. Hedonic products have pleasure potential whereas utilitarian products perform functions in everyday life. Products with pleasure potential provide intangible, symbolic benefits and are likely to hold greater potential for evoking positive emotions in a consumer.…

    • 962 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Dessault Case Analysis

    • 732 Words
    • 3 Pages

    * Not have software development based on customer problems have long term views on customer needs…

    • 732 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Mass Customization

    • 253 Words
    • 1 Page

    Mass customization is the wave of the future, but not for everything. People want to be unique and express themselves with products they use. Think Dell: You can get a computer with just about any configuration in just about any color. Apple just rolled out iPhones available in multiple colors. I know I'm willing to pay more for something that I can customize to my ideal liking, and I'm not alone. When getting bank checks printed using a person's own photo(s) was finally available, and it cost more in the beginning, I immediately jumped at the chance to have my favorite pictures on my checks. Companies like SkinIt allow customers to order phone and tablet cases with any photo or graphic. The item is created and shipped in just days. I know from personal experience. I use them all the time. This sort of self-expression has become mainstream and there is a lot of money to be made in having the customization options available.…

    • 253 Words
    • 1 Page
    Satisfactory Essays