The Value Proposition

Why should a consumer buy from you?

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Tuesday, October 23, 2012

Marketing 101: The VALS Study

As marketers are certainly aware, a consumer's economic situation will undoubtedly affect their purchasing decisions in some way.  Marketers of income-sensitive products and services should be watching for changes in a demographic's income, savings and access to the prevailing interest rates.  If financial trends are towards a recession, we should be making proactive changes to alter our product and service lines, or reposition the messaging...

Tuesday, October 2, 2012

Marketing 101: Social Factors Affecting Consumer Buyer Behavior

In my last post I examined the cultural factors influencing consumer buyer behavior.  Cultures, subcultures and cultural trends all shape the Model of Consumer Buying Behavior.  Another major part of consumer buyer behavior is the element of Social Factors.  Human beings are social. They need people around them to interact with, and to discuss various issues in order to reach to better solutions and ideas. We all live in a society...