Understanding Consumer Motivation
Challenges of understanding consumer motivation (what causes people to buy):
- Real motives not always clear, so research is needed to discover them.
- People don't always disclose the real reasons for their actions.
- People sometimes don't know why they take certain actions.
- Motivation changes in response to life experiences. (Aging, Marriage, Change Careers, etc.).
4 Broad Motivation Strategies Marketers Use to Motivate Consumer Purchasing:
1. Value for Money:
Regardless of Motive, consumers want to fulfill their needs at the best value - same product for less price, or same price for more product.
2. Multi-Pronged Approach:
Address more than one need to increase attractiveness of the product. Example: Physiological + Ego, Safety + Ego.
3. Provide Information:
Make consumers more conscious of their needs by giving more information.
Types of Consumer Information:
- Product Knowledge: Attributes, Benefits, Brand
- Purchase Knowledge: Where to buy, How to buy, How much, Competitor comparision
- Usage Knowledge: How to use, What to use it with
- Self-Knowledge: Do I need it, Can I afford it, Does it match my lifestyle
4. Pleasure VS Pain:
Increase the intensity of the need by highlighting the pleasure of fulfilling the need, or the pain of not fulfilling the need.
.....
Ivan Teh - RunningMan
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