Buying decision process model example

Buyer Decision Process Buyer Decision Process The stages of the Buyer Decision Process The buyer decision process represents a number of stages that the purchaser will go through before actually making the final purchase decision. The first stage is likely to be that you have a need for communication or access to the Internet, or problem because you cannot interact with friends using social media. The value added by products such as Android, iPhone or Windows phone and others should satisfy your need or solve your problem. So the second stage is where you speak to your friends and surf the Internet looking at alternatives, which represent stage two — or your information search.

Buying decision process model example

The Consumer or Buyer Decision Making Process is the method used by marketers to identify and track the decision making process of a customer journey from start to finish.

Buying decision process model example

It is broken down into 5 individual stages which we have decided to demonstrate with our latest decision making journey surrounding some rather sorry looking trainers. The customer feels like something is missing and needs to address it to get back to feeling normal. If you can determine when your target demographic develops these needs or wants, it would be an ideal time to advertise to them.

In our case we noticed our running trainers were looking a little worse for wear and we acknowledged the need for a new pair. This is the search stage of the process. One that is continually changing from old fashioned shopping around to the new shop front which is Google other search engines are available - apparently.

Information is not only gathered about stuff and on things but from people via recommendations and through previous experiences we may have had with various products. In this stage a customer is beginning to think about risk management. This is the time when questions start being asked.

Is this really the right product for me do? Do I need a different product? The stage 3 to 2 transition may happen several times before stage 4 has been reached. Once the customer has determined what will satisfy their want or need they will begin to seek out the best deal. This may be based on price, quality, or other factors that are important to them.

Customers read many reviews and compare prices, ultimately choosing the one that satisfies most of their parameters. In line with our example we started questioning if we actually needed running shoes: Were our original trainers that bad?

Buying decision process model example

So the process was able to continue. The positioning of the product also lent itself to where they were purchased, a sport shop rather than a shoe shop.

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The review stage is a key stage for the company and for the customer likewise. Did the product match or exceed expectations? If a customer finds that the product has matched or exceeded the promises made and their own expectations they will potentially become a brand ambassador influencing other potential customers in their stage 2 of their next customer journey, boosting the chances of your product being purchased again.

To finish our customer journey — we very much like the trainers we have chosen — we would recommend them to a friend, and on purchasing our next set of trainers would probably make a similar brand or product choice.

Our satisfaction has made us a brand ambassador for the company who created our wonderful trainers unless they want to send us a free pair after this article…. Size 9 thank you. So there is the Consumer Decision Making Process in stages with the story of our last trainer purchase thrown in to boot no pun intended.

Alternatively you can find more information on Marketing Courses with Professional Academy by downloading our prospectus today or visiting the course information page.The consumer decision-making process consists of five steps, which are need recognition, information search, evaluations of alternatives, purchase and post-purchase behavior.

The consumer decision-making process involves five steps that consumers move through when buying a good or service. A marketer has to understand these steps in order to properly move the consumer. For this he must study the consumer buying decision process or model.

It involves five stages.

Recognition of an unsatisfied need

For example if a person is hungry then food is desired or if it is a matter of thirst than water is desirable.

2.) Information search:– in consumer buying decision process information search comes at second number. In this stage consumer.

For example, a student buying a favourite hamburger would recognise the need (hunger) and go right to the purchase decision, skipping information search and evaluation. However, the model is very useful when it comes to understanding any purchase that requires some thought and deliberation.

The buying decision process is the decision-making process used by consumers regarding market transactions before, Unforeseen circumstances for example in this case could be financial losses which led to not buying of the product.

Top 6 Model of Consumer Buying Decision Process

In an early study of the buyer decision process literature, Frank Nicosia (Nicosia, F. ; pp 9– Marketing Theories – Explaining the Consumer Decision Making Process. Visit our Marketing Theories Page to see more of our marketing buzzword busting blogs.. The Consumer or Buyer Decision Making Process is the method used by marketers to identify and track the decision making process of a customer journey from start to finish.

Top 5 Stages of Consumer Buying Process