Thursday, September 18, 2014

"Should I buy it or Not?"



 

We all get that feeling after we buy something that we shouldn’t have, the “Shoot, did I really just buy that?” Well, there’s a name for this feeling of anxiety post purchase and it’s called cognitive dissonance, also known as buyer's remorse. Maybe it was a decision made on a whim or maybe you were pressured by your friends because it just looked “soooooo cute” on you. But the beauty of purchasing is that you can always return something you just maybe didn’t really need to buy.

My advice? Wait a week. If in a week you can’t stop thinking about that top that fit you just right around the waist and flattered your neckline perfectly, then go buy it! That’s what mom always taught me anyways. The thing that marketers do really well at is advertising a product to make it look just too good to be true so that you, as the consumer have to buy it right then and there before it disappears. It won’t disappear, I promise you that.

Marketing is all about the psychology of consumer behavior. Believe it or not, a lot of how we as consumers act can be related to the generation we were born into. The Baby Boomers born between 1946 and 1964 certainly are not going to be the first ones to purchase, say, the all new Apple watch that is hitting the marketplace soon. Of course, some will, but that technological advancement with the many different things on which you can do with it will really speak to those of Generation Y, my generation. We are those who were born between the years of 1977 and 1994. We like things that make us have to pay attention and have a lot going on. We grew up in the world of technology and therefore are the ones who want it now.


We love personal connections. Have you noticed lately how a lot of commercials have been using pathos, or the use of emotion in advertising, to catch the consumer’s attention? That is all because we are sucker’s for the Dad who plays catch with his son out in front of the Subaru, or those ASPCA commercials that literally make you feel like you want to either cry or go adopt one of those poor dogs. Our generation love to feel that personal or emotional connection with a product or service,
                                                                                    and that is what marketers are going to capitalize on.
 


When marketers decide on how to advertise certain products or services to certain people, they really look at the consumer behavior of the demographic which they are really targeting to sell to. They research the buyers’ general personality, motivation, self-concept, attitudes, beliefs, social class and lifestyle to determine what the best way is to broadcast whatever it is they want you to buy. That is how they get you because guess what, they know you –maybe even better than you know yourself when it comes to purchasing something. They do their research by using reference groups so that they have the best advantage possible to rope in the buyer. And 90% of the time it works. And that’s the point; that is what makes you buy that flattering top that you really didn’t need to buy that you might feel bad about later but just looks “soooo cute” on you that you couldn’t resist. Marketers are good at what they do because they understand the behavior of their buyers.
 
*Info from Ch. 5 Marketing 11th Edition Roger Kerin, Steven Hartley, William Rudelius. McGraw-Hill: New York, 2012 
 
 






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