{"id":2916,"date":"2016-11-22T18:25:37","date_gmt":"2016-11-22T12:55:37","guid":{"rendered":"https:\/\/www.opendesignsin.com\/blog\/?p=2916"},"modified":"2021-02-04T17:05:18","modified_gmt":"2021-02-04T11:35:18","slug":"the-psychology-of-consumerism-in-a-digital-age","status":"publish","type":"post","link":"https:\/\/www.opendesignsin.com\/blog\/the-psychology-of-consumerism-in-a-digital-age\/","title":{"rendered":"The Psychology of Consumerism in a Digital Age"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69fcdd5e83e84\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ed2327;color:#ed2327\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ed2327;color:#ed2327\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69fcdd5e83e84\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.opendesignsin.com\/blog\/the-psychology-of-consumerism-in-a-digital-age\/#Why_Consumer_psychology_is_important_in_Digital_era\" title=\"Why Consumer psychology is important in Digital era?\">Why Consumer psychology is important in Digital era?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.opendesignsin.com\/blog\/the-psychology-of-consumerism-in-a-digital-age\/#Understanding_Consumer_behavior\" title=\"Understanding Consumer behavior:\">Understanding Consumer behavior:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.opendesignsin.com\/blog\/the-psychology-of-consumerism-in-a-digital-age\/#Attitude_of_consumers\" title=\"Attitude of consumers:\">Attitude of consumers:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.opendesignsin.com\/blog\/the-psychology-of-consumerism-in-a-digital-age\/#Consumer_Segmentation\" title=\"Consumer Segmentation:\">Consumer Segmentation:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.opendesignsin.com\/blog\/the-psychology-of-consumerism-in-a-digital-age\/#Marketers_must_also_consider\" title=\"Marketers must also consider:\">Marketers must also consider:<\/a><\/li><\/ul><\/nav><\/div>\n<p>Consumer psychology is a growing field of psychology that studies how our thoughts, beliefs, feelings, and perceptions influence how people buy and relate to goods and services.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_Consumer_psychology_is_important_in_Digital_era\"><\/span><strong>Why Consumer psychology is important in Digital era?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Because businesses need to understand their consumers to develop products and <strong><a href=\"http:\/\/www.opendesignsin.com\/digital-marketing-services.html\" target=\"_blank\" rel=\"noopener noreferrer\">marketing<\/a><\/strong> campaigns that appeal to their target audience, marketers\/ consumer psychologists often spend time learning more about what makes shoppers tick.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Understanding_Consumer_behavior\"><\/span><strong>Understanding Consumer behavior:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Using psychology to segment consumers has been regarded as a valuable adjunct to standard geo-demographic definitions of market segments.Understanding the buyer is one of the most important tasks of a Marketing manager. His\/her analysis depends on 7 important parameters. They are occupants of the market or consumer; their objects, that is what do they buy; their objectives for buying a specific product; the organization what encourages and extend to meet the consumer demand; the mode of buying; what are the occasions the consumer choose to buy etc.<\/p>\n<p>There are several stages, a consumer goes through before he\/she finally picks up things available in the market. Various factors, be it cultural, social, personal or psychological influence the buying decision of individuals.<\/p>\n<h4><strong>It is important for marketers to understand what prompts a consumer to purchase a product and what stops him\/her from buying.<\/strong><\/h4>\n<p>The majority of marketers aren\u2019t psychologists. But many successful marketers regularly employ psychology in appealing to consumers.<\/p>\n<p>Smart, skillful, honest marketers use psychology legally, ethically, and respectfully to attract and engage consumers, and compel them to buy.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Attitude_of_consumers\"><\/span><strong>Attitude of consumers:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Attitude of a specific consumer towards a specific product or service is one of the important factors a marketing manager must know. Some products which fits the pre-existing beliefs will sell faster than that doesn\u2019t fit.<\/p>\n<p>What marketers need to understand?<\/p>\n<p>The psychology of consumers (what they feel about a product and their brand overall).<br \/>\nHow consumers are influenced by their immediate surroundings, family members, friends, coworkers and so on.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Consumer_Segmentation\"><\/span><strong>Consumer Segmentation:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>What a consumer thinks when he\/she goes out for shopping?<\/p>\n<p>A marketer needs to first identify his\/her target consumers and understand their lifestyles, psychology, income, spending capabilities, to offer them the right product.|<\/p>\n<p>Individuals from lower income group would never be interested in buying expensive and luxurious products. He\/she would first fulfill his\/her basic physiological needs like food, air, water etc. Trying to sell a Mercedes or a Rado watch to someone who finds it difficult to make ends meet would be a disaster.<\/p>\n<p>Kellogg\u2019s K special would hardly find any takers in the low-income group. In this segment, individuals would be more interested in buying fresh fruits, vegetables, pulses which are necessary for their survival rather than spending on health supplements.<\/p>\n<p>It is essential for the marketers to understand the needs of consumers.<\/p>\n<p>It is also important to give complete information to end-users. Individuals should be familiar with not only the benefits but also the side effects of the products.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Marketers_must_also_consider\"><\/span><strong>Marketers must also consider:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Age group of consumers<\/li>\n<li>Geographical location<\/li>\n<li>Lifestyle of consumers<\/li>\n<li>Social Status of consumers<\/li>\n<\/ul>\n<p>Funky designs, loud colours would be a hit among teenagers whereas middle aged and elderly people would prefer subtle colours and sophisticated designs.<\/p>\n<p>Salwar Suits are extremely popular in North India whereas females prefer saris and skirt blouses in eastern and southern parts of India.<\/p>\n<p>Individuals from posh localities and good jobs would show keen interest towards buying exclusive and unique products as compared to individuals who do not come from an affluent background.<\/p>\n<p>Companies can benefit significantly in improving and innovating on their product range by trying to engage in some of the following `psychological\u2019 activities: &#8211;<\/p>\n<ul>\n<li>Taking frequent opportunities to talk to customers<\/li>\n<li>Encourage them to tell you stories about how they use the product, what works well for them and what doesn\u2019t, what they would like to see improved or changed.<\/li>\n<li>Ask customers how they like using the product, how it makes them feel and how they think owning or using it reflects on them.<\/li>\n<li>Ask them which of their family members decided on buying your product and how that decision was reached in their household and whether that pattern was typical<\/li>\n<li>Record all customer problems, criticisms and suggestions and analyze these regularly to look for common patterns. Encourage them to think of innovative ways to solve these problems.<\/li>\n<li>Observe which ones work and which ones don\u2019t and talk to the customers about why this is. This process becomes easier as it becomes part of your normal culture and practice.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Consumer psychology is a growing field of psychology that studies how our thoughts, beliefs, feelings, and perceptions influence how people buy and relate to goods&#8230;<\/p>\n","protected":false},"author":2,"featured_media":2920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[744],"tags":[],"class_list":{"0":"post-2916","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-marketing-case-studies"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Psychology of Consumerism in a Digital Age - Open Designs India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.opendesignsin.com\/blog\/the-psychology-of-consumerism-in-a-digital-age\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Psychology of Consumerism in a Digital Age - 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