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Marketing strategy chapter 1
Effects of online shopping on consumers
Marketing strategy chapter 1
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THE INFLUENCE OF ONLINE MARKETING ON CUSTOMER BEHAVIOUR IN NIGERIA
CONCEPTUAL BACKGROUND
The increase in available information, well-known businesses and brands on the internet are in addition to providing consumers with a convenient and inexpensive way of belonging to internet community; generate high interest among consumers (Donthu and Garcia, 1999).
The internet has proved to be an indispensable tool in the present-day business-stimulated society such as Nigeria; for marketing purposes, consumer information management, communication and research. Arnott and Bridgewater (2002) propose that interactivity nature of online/internet service enhances firm’s capacity to understand consumer buying behaviour. This could entail that utilization
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While focusing on intentions to go online, explanations based on the ‘Theory of planned behaviour’ (Ajzen, 1991) and the ‘Theory of reasoned action’ (Fishbeinand Ajzen, 1975 as cited in Omar et al, 2011), have been stressed largely on the basis that behavioural intention can be a strong predictor of actual behaviour. Attitudes and perceptions (subjective norms) towards risk, technology, marketer, website as well as seeming behavioural control, become precursors to any review of on-line behaviour and are very handy in any …show more content…
(3) Consumer services: Asynchronous contact via e-mail; (Kim, 2002) with content of clarity of change of products, return/refund policies; stipulation of order information, product arrival details (Baroudi and Orlikowski, 1988; Bailey and Pearson, 1983; Richins, 1983 as cited in Omar et al, 2011). This would appear to emotions and social norms and ultimately bring influence in behavioural change of the consumer (Humlen 2014).
(4) Online sensory stimulation: Depiction the exterior of a good; website’s colour, configuration, menu plans (DeLone and McLean, 1992).
(5) Online social interaction purposes: Forum, room chat purposes (Kim, 2002), and sale purposes.
(6) Security concerns: Fortification of privacy/security of the online payment, etc. (Flavian and Guinalieu, 2006, George, 2004).
An online marketing behaviour framework could be derived from the above key factors identified from the literature.
Introduction This paper presents a dynamic model on the consumer behaviour in the real world marketing issue. It will further discuss the marketing and industrial experiences encountered daily in everyday business life, in addition to the consumer behavioural issues and consumer analysis and recommendations. Research studies have argued that industries or companies experience lots of issues in awe of the logistics of their daily routine, giving them the knowledge that can be used to anticipate incoming situations with the way of tackling problems. However, with the familiarity and repeated external occurrences in the marketing scope of an industry, there are many implementations carried out in solving such problems without complexity.
These days, businesses are going for different ways to promote their products. Before the inception of the Internet, businesses were trying to promote their products through conventional marketing strategies. But now the whole scenario has been changed dramatically. Whether it’s a small business or a corporate sector, every one out there is trying to promote their business through the Internet. The Internet has proven to be one of the most cost effective ways for promoting product or service. There is hardly any platform like the Internet that can bring you such a good way to exhibit your product or service on the global screen. With the help of Internet, globalization of businesses is becoming easier for people from all around the world. However, online marketing can be done through several processes. There are many tools and techniques available that can help you in a good way to accomplish Internet marketing strategies for your business. Many business owners are now opting for online media through which they can achieve their business objective quickly and effectively.
Within the study Marketing, a crucial concept to understand is Consumer behaviour. Consumer behaviour according to (Ha & Perks, 2005) can in some ways be described as an Umbrella term / Concept which contains many other sub-topics and concepts that stem from the original concept of Consumer Behaviour. (Soloman, Russell-Bennet, & Previte, 2016) States that Consumer Behaviour is the study pre-Consumption, Post Consumption and Consumption phases of a consumer 's decision-making processes.(Soloman, Russell-Bennet, & Previte, 2016) however, states that the study of Consumer behaviour takes into consideration more than just what is being offered to the consumer in terms of goods and services and the processes involved pre, post and during consumption.
Bates, Marcia J. (2007). "What is browsing – really? A model drawing from behavioural science research" Information Research, 12(4) paper 330. [Available at http://InformationR.net/ir/12-4/paper330.html]
The inclusion of the online marketing in the whole marketing business process has increased the meaning of the business relationships and communications globally. The online marketing has evolved as the new marketing philosophy and phenomenon in order to grow the business in a dynamic and dramatic way. Today many business companies use online internet services to take benefits from the growth on international online marketing services in a dynamic and dramatic way (Iowans and Stoica, 2014). However, in online stores, the customer services could be made through communicating with chat or email support, the response for the services would not be as quick as
As a consumer, it would be more difficult for me to gasp the idea that is physically intangible, such as a service, than a product that has a physical presence. Because of its intangibility, There would be more uncertainty in my mind of what is been offered which can create anxiety in a customer’s mind (Charlen...
The internet is changing marketing not to mention the world. "The number of internet users worldwide is expected to reach almost 1.4 billion by 2007" according to Armstrong & Kotler (2007) p. 26. The internet is also changing the ways that companies are conducting their marketing.
Consumer Behaviour is crucial and an important part of marketing strategy. Organizations have to understand their customers, build strong relationships, provide necessary information about the products and services and stay close to them. Many successful companies have recognized the importance of consumers and have sophisticated approaches and detailed data from which to develop organizational and marketing strategies. Consumer behaviour means personal thoughts and feelings, people attitude, trust and experience, the actions they perform in consumption process and also all the things that can have an influence the attitudes. It is important to understand that consumer behaviour is dynamic, needs interactions and exchanges.
Shopping on-line is becoming more wide spread as customers turn to the World Wide Web for purchasing decisions. Being able to capture consumers’ attentions and win their sales means the difference between success and failure. Today’s market is competitive therefore an organization’s ability to determine its marketing strategies and being able to effectively deploy tactics.
This comfort zone allows the consumer to customise their experience within the business, for example, with the “4 P’s” (Kucuk, SU, Krishnamurthy, S, 2007, pp52), the consumer will be able to have access to customise their desired product, the internet provides a “costless exchange of information” (Kucuk, SU, Krishnamurthy, S, 2007, pp53), as well as have the ability to compare products and services in hope to find a lower alternative, online access allows consumers to purchase items wherever they are located from the use of a computer, laptop or mobile phone, promotional emails are also a extremely popular way of receiving information about the product and sales also at the convince of their mobile phones. These factors benefit the experience of the consumer by providing convince and expertise to the
The growth of the Internet in the past 10 years has been phenomenal. Companies large and small have embraced the Internet as a tool that can potentially expand their business beyond the traditional boundaries, which can give them a competitive advantage in the market place. The Internet and E-business websites seemed to many companies in the mid nineties as an elaborate, expensive and unnecessary company brochure. But the rapid evolution of e-business and Internet usage has seen their opinion dramatically change. In fact, companies now realise that they must participate in the e-business revolution to succeed in the modern and complex business environment. In 1996, Forrester Research Institute, a major E-commerce industry analyst, predicted that Business to Customer sales would be a $6.6 billion business in 2000, up from $518 million in 1996. In 2000 Business to Customer sales in the United States were actually about $18 billion, or 1% of total retail sales. In addition to that it is predicted that total e-commerce transactions in the US is predicted to reach between $3-$7 trillion in 2004 alone. Using the figures as a yardstick it is easy to see how far e-business has come and how much people have embraced it in such a short period of time.
The Internet started out as a proprietary network run by the government. While it gradually opened up to civilian use in the 1980s, it was not yet seen as a medium for promoting one’s product, much less selling goods and services. It wasn’t long, though, before marketing professionals saw the potential of the online community as a venue for advertising as millions began to log on for information and entertainment.
Walther, J. B., Liang, Y. J., Ganster, T., Wohn, D. Y. and Emington, J. 2012. Online Reviews, Helpfulness Ratings, and Consumer Attitudes: An Extension of Congruity Theory to Multiple Sources in Web 2.0. Journal of Computer-Mediated Communication, 18 (1), pp. 97--112.
In the last few decades, the internet has been a powerful tool. The advent of internet has removed major industry barriers and made shopping much more easily. The development of internet from last 5 years has significantly increased the web-users which are due high speed data transmission and other technology developments have created an advantage for the firms to promote themselves more significantly. According to UCLA centre for communication policy, online shopping has become the third popular internet activity which further followed up by e-mails and web browsing (Guruswamy, 2014). Because of the continuous improving of technology in our society, people are tend to adopt in order for their lives to become easy like they used social media to communicate everywhere and anywhere at any time in just a second and now, there are billions of people online and each of them is potential online consumer for a company which providing online services and goods (Khalid, 2015). The technology in terms of internet
Internet marketing popularity is increasing day by day. Many business organizations are using internet to direct communicate with customer and to get more attention of customers. It helps to build one to one relationship, customer get sufficient information about products and company and company can give enough information about products and company reduce their cost. Internet marketing also helps to reach wider and distant markets; product im...