So what exactly is happening in the consumer brain nowadays?
Posted on 21 May 2009 in Affiliate Marketing
by Ronald Allan Marva, Affiliate
In the last blog I made, I mentioned that there is an increasing number of online consumers who are honing their shopping skills. This skill is usually perfected by doing online research which helps them make intelligent decision on what to buy, when to buy, how to save and which product provides added value. A year or two ago - this reality was not the prevailing sentiment for online shoppers.
The recession had such an appaling impact on consumers. People are now aware of dire consequences of spending just for the sake of spending. In the face of tragic financial loss, there is now a survival mechanism running in the minds of many buyers. We may even not at a conscious level be able to explain why we're cutting back. We're just doing it. You will just do it by intuition. And if you start to save money by intuition, you will never ever question it again. Consumers still have money but the reason that they're not spending it is because they're afraid they may lose the money in the future.
Consumers wants something practical that will enhance their lives in concrete ways. They want something that can give them savings or discounts. They want a product that would last for years. They want something that can provide them sense of satisfaction and security. Bottom line - they want more value to their money!
As sellers or marketers, the challenge now is to find something that will trigger the minds of the consumer to achieve a sense of confidence to shell out money to buy their product. This challenge has higher stakes when it comes to online retailers or merchants due to the free flow access in and out of their websites, i.e., a web visitor can easily navigate out of the shopping process anytime they want with a click of the mouse.
The recession had such an appaling impact on consumers. People are now aware of dire consequences of spending just for the sake of spending. In the face of tragic financial loss, there is now a survival mechanism running in the minds of many buyers. We may even not at a conscious level be able to explain why we're cutting back. We're just doing it. You will just do it by intuition. And if you start to save money by intuition, you will never ever question it again. Consumers still have money but the reason that they're not spending it is because they're afraid they may lose the money in the future.
Consumers wants something practical that will enhance their lives in concrete ways. They want something that can give them savings or discounts. They want a product that would last for years. They want something that can provide them sense of satisfaction and security. Bottom line - they want more value to their money!
As sellers or marketers, the challenge now is to find something that will trigger the minds of the consumer to achieve a sense of confidence to shell out money to buy their product. This challenge has higher stakes when it comes to online retailers or merchants due to the free flow access in and out of their websites, i.e., a web visitor can easily navigate out of the shopping process anytime they want with a click of the mouse.
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