- Sometimes businesses use penetration to introduce their new product a classical
Example of this is when Sony introduced playstation 2 while play station 1 was still selling rapidly in 2001 this made it very difficult for Microsoft to compete with Sony with their Xbox console, At the sometime they decided to use price skimming on the playstation2.
Businesses like Games stores also used their tactics of using psychological power on young teens wanting to by the Xbox and Ps2 by marking the price from £300 to just only saying that its for £299.
The marketers helped by influence to sell the Ps2 by making young teens use pester power on their parents to buy the console because they saw a lot of advertisements on televisions and on magazines creating that crave of having the PS2 because their friends have one so they want one to cause it is the trend to have a PS2 Console so they pester (Bug) parents to buy one for their Birthday present or Christmas present.
2.0 Customer Empowerment
Customer empowerment is what customers demand from a product and what they
Want from a particular product. Customer empowerment helps marketers and
Manufacturers know what products people want and which Product is in demand
It builds a picture of what customers are thinking of, it can Help to turn around the
Global market. The main purpose of customer empowerment is that it gives
Customers a choice to shop around and gain knowledge on different products
Retailers have to offer them, to shop around for wide variety of choice and
Purchasing that product at a cheaper price means that customers can sit at home
And use the Internet to order their product or they can use home shopping
Channels from sky digital to shop.
Sometimes displays from shops or advertisements on leaflets and word of mouth
Influences customer empowerment, for example a pair of Reebok trainers looks
Good while displayed in a catalogue or leaflets than your know they would sell
Well, if the same trainers look tatty on the shelves they would not sell that much.
Even MTV helps to sell a particular product if you see a jumper warn on your best
Singer it would influence to go out and buy the same jumper, that can empower a
Customer to.
2.1 The linkage between consumer behaviour and marketing strategy is that they both
Are essential to one another. The definition for this is given in the textbook
Consumer Behaviour A European Perspectives by Michael Solomon, Gary
Bamossy, Soren Askegaard second edition, on pg7 it says that “ Consumer
Behaviour is good businesses. A basic marketing concept states that firms
exists
Consumer needs. These can only be satisfied to the extent that marketers
Understand the people or the organisations that will use the products and
services
They offer, and that they do so better than their competitors”.
2.2 By marketers carrying out research on consumers, on why existing products are
Not selling as well as they should they can decide on how they can improve that
Product, for example in the early 80s Yo were in fashion the trend of Yo declined
To bring the Yo back, in the U.S they started improving the old Yo by turning the
Plastic cheap covers into metallic covering than the Yo firms were sponsored by
Businesses like Cadburys and Coco Cola, this gave the Yo a new look.
2.3 Another linkage between consumer and marketing strategy is when a charity
Organisation is working together to promote a service to people to come together
And help a charity out, for example many marketing organisations and firms
Love to promote them in front of the media and help organisation this helps
Them because other organisations and the public would think that particular
Businesses is a caring and loving firm, they would think if they buy products
From that firm they would donate large amount of money to the third world
Countries or people in need of help.
3.0 Conclusion
What I have found out from the linkage between Consumer behaviour and Marketing strategy is that marketers and consumers have to exchange ideas With each other to succeed improving the product, This does not mean that a consumer and Marketer meets face to face and discusses how they can improve any product existing product.
They arranging a focus group, where a group of people get together, do this
And talk about a particular product on how they can improve that product by examining its features and the usage of that product. Sometimes this can be done by
Market research when marketers might approach consumers on the street and ask them to fill in a questionnaire, they might knock door- door even use telephone to
Ask questions about that particular product and the net.
I think that it is very important for consumers and marketers to work together when
They produce a new products or improve the existing product by modifying the
Product. They need together because it is essential for consumers to have there
Particular product modified or new goods are produced because globalisation
Has taken over the world business
This has caused technology to change rapidly and the trend changes with the decade.
In this day and age the consumers are turning into “wanabes” it is the new trend, more
Consumers want to be like their favourite pop idol or like their best football players even like their friends.
As the trend changes and the age of that particular consumer they would go old and wise so they would want to buy the same product that their parents have bought, this is due to the change of their buying habits, or they have gone more wealthily that they can afford a particular car because their father had a Mercedes’ so they want a Mercedes’ so they turn brand loyal to that car brand name. In this case the product is a Mercedes’ Benz car.
Everything is happening so quickly that in this day and age Consumers are called the “ King” and marketers are influenced to keep the King happy, as a servant has to serve the king, so marketers have to stay with the trend of fashion and cope with the changes of the business to succeed in the global market.
That is why marketers work with consumers they use psychology of the brain to see what consumers want and what is in demand they do this by monitoring the buying patterns of a consumers to see demand and consumers behaviour to that particular product before they purchase that product.
In marketing strategy marketers look at consumers very closely to do this they would use primary research. Than summarise it with secondary research to conclude their ideas with finding patterns of which product is in demand, they would use economics by using supply and demand graph of trends during the last 5 years for example the Yo was in fashion in the late 80’s early 90’s they would look at what started the trend and how it spread world wide marketers would do this by looking at what consumers wants and needs to improve the Yo.
Marketers can influence consumers buy looking at what product they buy, the amount they buy. Than they would carry out an analytical report with big businesses for example Marks Spencer chain store and tell them how they can improve their sales, this done by a group of panel who work in the marketing department for example management team who would than take notes from the outsider the researcher whom would than discuss how to improve sales of existing stock.