CDM model
What after purchase
Consumer dissonance factors
Parameters of satisfaction of a customer
Post Purchase Dissonance
Dissonance consequences
KFC
Zomato
Volkswagen
Covid Warriors and Vaccination
Pepsodent toothpaste
Ana Ivanovic
Rolex
Churn
Outlet Vs Retail
Dimensions responsible
Apple Vs Google
Outlet selection criteria
Shopping orientations and kind of shoppers
Perceived risk and kind of store choice
Differentiators and criteria for choice of outlet
Co-presented with Mars Petcare on "Disrupting the habitual consumer decision ...SKIM
Download this presentation on our website https://goo.gl/bNrPri
In the new omnichannel reality of consumer behaviors, we and Mars Petcare talked about a new framework of uncovering consumer decision journey insights centered around disruption and cross-category learnings when applying this framework. By adopting a designer mentality, we also shared tips and best practices on activating journey insights to create best-in-class consumer experiences.
How new mobile research can help you uncover true consumer preferences in eme...SKIM
Watch the on-demand webinar here https://hubs.ly/H08Stw_0
In this free 30-minute webinar, we shared with you how our newest research method leverages mobile technology to create intuitive exercises and reduce natural urges to comply with social norms.
Knowing that shoppers are increasingly engaging with more than one channel in their decision journey, it’s thus important to understand each step and activity along the way.
During the Quirk's Event in Brooklyn on March 22, we and Mars Petcare explained how to map customer journeys to optimize touch points and influence the interaction of channel behavior.
Find out more https://goo.gl/6EvRTg
Outlet Vs Retail
Dimensions responsible
Apple Vs Google
Outlet selection criteria
Shopping orientations and kind of shoppers
Perceived risk and kind of store choice
Differentiators and criteria for choice of outlet
Co-presented with Mars Petcare on "Disrupting the habitual consumer decision ...SKIM
Download this presentation on our website https://goo.gl/bNrPri
In the new omnichannel reality of consumer behaviors, we and Mars Petcare talked about a new framework of uncovering consumer decision journey insights centered around disruption and cross-category learnings when applying this framework. By adopting a designer mentality, we also shared tips and best practices on activating journey insights to create best-in-class consumer experiences.
How new mobile research can help you uncover true consumer preferences in eme...SKIM
Watch the on-demand webinar here https://hubs.ly/H08Stw_0
In this free 30-minute webinar, we shared with you how our newest research method leverages mobile technology to create intuitive exercises and reduce natural urges to comply with social norms.
Knowing that shoppers are increasingly engaging with more than one channel in their decision journey, it’s thus important to understand each step and activity along the way.
During the Quirk's Event in Brooklyn on March 22, we and Mars Petcare explained how to map customer journeys to optimize touch points and influence the interaction of channel behavior.
Find out more https://goo.gl/6EvRTg
As brands revive experiences and face financial constraints they couldn’t have seen coming, they are facing renewed scrutiny of experiential marketing budgets. Just how effective are experiences at building brand loyalty and changing brand perception?
Watch AnyRoad presenters Lauren Snyder and Tasha Campbell, with special guests from Sierra Nevada Brewing Company and Bardstown Bourbon Company, to learn about the universal metric that measures the impact of experiences: Brand Conversion.
Reputation Marketing is the Next Step for Businesses to EmbraceGlenn Pasch
Reputation Marketing is just the first step. Get reviews and then what. Learn how to grow your brand online and utilize your positive customer feedback to influence the next prospective customers online.
Buyer Experience Innovation: Why Ceo's Need to Make This Their Top PriorityCintell
The pressure to achieve top line revenue growth and profitable growth strategies remain as the key challenges B2B CEO’s face today. Compounding these challenges is the rapid transformation underway in the buyer-seller relationship brought on by the advent of digital marketing and social media technology. For many B2B CEO’s, they are witnessing the conventional strategies associated with sales and marketing being dismissed and tossed aside by buyers at an alarming rate. The seller centric world of yesteryears has literally been turned upside down as buyers are seemingly in more control than ever and traditional strategies no longer are effective.
Your website analytics tells you the 'what'—bounce rates, average time on page, exit rates. Crucial, yet half the story. VWO Insights for Website reveals the 'why.' Every click, scroll, and pause tells a story. Discover how Heatmaps, Session Recordings, Form Analytics, and On-page Surveys unravel real-world website challenges in this webinar. Boost conversions, slash form abandonment, and spike content engagement with actionable insights.
Join Arjun Kunnath, Sr. Manager of Product Marketing, for a session on leveraging these insights into results.
Your website analytics tells you the ‘what’—bounce rates, average time on page, exit rates. Crucial, yet half the story. VWO Insights for Website reveals the ‘why.’ Every click, scroll, and pause tells a story. Discover how Heatmaps, Session Recordings, Form Analytics, and On-page Surveys unravel real-world website challenges in this webinar. Boost conversions, slash form abandonment, and spike content engagement with actionable insights.
Join Arjun Kunnath, Sr. Manager of Product Marketing, for a session on leveraging these insights into results.
If an agency wants to innovate continuously its service offering, the role of a product owner is essential. We shared our current knowledge of how we have implemented the role of a product owner within Digital Marketing agencies.
The content imperative for successful marketing automationGetResponse
In this presentation Michael Brenner shows how to create content that converts, distribute it effectively through marketing automation and measure content marketing automation ROI.
How to Be a Marketing Automation Rock Star - by Ron Marcus, Shindy MediaRon Marcus
It’s predicted that by 2020, every marketer will have to use marketing automation to stay competitive and drive revenue. That’s less than five years off. Those that don’t start learning marketing automation now will be seriously left behind.
That doesn’t have to be you, though. Instead, start becoming a Marketing Automation Rockstar NOW. This slideshow comes from a webinar given in March 2015 which teaches the simple basics of:
• What is lead nurturing and why does it matter?
• How does marketing automation make it much easier?
• Getting your sales and marketing teams on the same page about the lead nurturing process
• Understanding your buyers’ journey and the opportunity funnel
• Creating a powerful content marketing strategy
• Building automated lead nurturing workflows
• Scoring your leads as they move through the funnel to identify the most qualified
• Measuring the effectiveness of your marketing automation program
Consumer Insights Overview - Premium Retail SolutionsWinston Ledet
An overview of the Premium Retail Solutions capabilities on Insights. From research on the customer journey, product specific research to competitive intelligence Premium Insights can help drive your business
Paid Advertising is a proven tactic for driving traffic to your website & social media channels but can easily turn into a Money Pit. How do you make sure funds are spent in support of winning campaigns and not wasted frivolously?
Joe Skibbie, Director of JRS Mar/Com shares campaign tales of Wastes & Wins when incorporating paid advertising into a Digital Marketing Strategy.
Learn to grow your audience, increase website traffic & promote virtual content.
Facebook & Instagram Ad Accelerator - Shopify AdvancedTopGrowthMarketing
Slides from a Shopify LA webinar by Jack Paxton from Top Growth Marketing. The slides explain intermediate and advanced techniques to achieve better marketing outcomes through Facebook and Instagram ads.
Operational Attribution with Google AnalyticsJonathan Breton
Multi-channel Attribution Modeling isn't necessary complex to implement.
Find here a framework and a methodology to start moving away from last-click vision
basic model of CDM
CDM for different kind of products
Why we make decision
FMCG vs Durables
CDM for new products
Use of celebrity to influence CDM
TYPES of CDM
Types of Information sought
Brand set and CDM
Branding and Choice Set
Strategies for applying CDM
Brand Identity and personality Example to start
Components of personality
Marketing and personality of product and brand
Ads, fads and consumer culture
Women and marketing
Surrogate use of gender to exemplify personality in marketing
Mechanical Bride
Ivory Soap,Great Snow, radio corporation of america
Types of self concept
As brands revive experiences and face financial constraints they couldn’t have seen coming, they are facing renewed scrutiny of experiential marketing budgets. Just how effective are experiences at building brand loyalty and changing brand perception?
Watch AnyRoad presenters Lauren Snyder and Tasha Campbell, with special guests from Sierra Nevada Brewing Company and Bardstown Bourbon Company, to learn about the universal metric that measures the impact of experiences: Brand Conversion.
Reputation Marketing is the Next Step for Businesses to EmbraceGlenn Pasch
Reputation Marketing is just the first step. Get reviews and then what. Learn how to grow your brand online and utilize your positive customer feedback to influence the next prospective customers online.
Buyer Experience Innovation: Why Ceo's Need to Make This Their Top PriorityCintell
The pressure to achieve top line revenue growth and profitable growth strategies remain as the key challenges B2B CEO’s face today. Compounding these challenges is the rapid transformation underway in the buyer-seller relationship brought on by the advent of digital marketing and social media technology. For many B2B CEO’s, they are witnessing the conventional strategies associated with sales and marketing being dismissed and tossed aside by buyers at an alarming rate. The seller centric world of yesteryears has literally been turned upside down as buyers are seemingly in more control than ever and traditional strategies no longer are effective.
Your website analytics tells you the 'what'—bounce rates, average time on page, exit rates. Crucial, yet half the story. VWO Insights for Website reveals the 'why.' Every click, scroll, and pause tells a story. Discover how Heatmaps, Session Recordings, Form Analytics, and On-page Surveys unravel real-world website challenges in this webinar. Boost conversions, slash form abandonment, and spike content engagement with actionable insights.
Join Arjun Kunnath, Sr. Manager of Product Marketing, for a session on leveraging these insights into results.
Your website analytics tells you the ‘what’—bounce rates, average time on page, exit rates. Crucial, yet half the story. VWO Insights for Website reveals the ‘why.’ Every click, scroll, and pause tells a story. Discover how Heatmaps, Session Recordings, Form Analytics, and On-page Surveys unravel real-world website challenges in this webinar. Boost conversions, slash form abandonment, and spike content engagement with actionable insights.
Join Arjun Kunnath, Sr. Manager of Product Marketing, for a session on leveraging these insights into results.
If an agency wants to innovate continuously its service offering, the role of a product owner is essential. We shared our current knowledge of how we have implemented the role of a product owner within Digital Marketing agencies.
The content imperative for successful marketing automationGetResponse
In this presentation Michael Brenner shows how to create content that converts, distribute it effectively through marketing automation and measure content marketing automation ROI.
How to Be a Marketing Automation Rock Star - by Ron Marcus, Shindy MediaRon Marcus
It’s predicted that by 2020, every marketer will have to use marketing automation to stay competitive and drive revenue. That’s less than five years off. Those that don’t start learning marketing automation now will be seriously left behind.
That doesn’t have to be you, though. Instead, start becoming a Marketing Automation Rockstar NOW. This slideshow comes from a webinar given in March 2015 which teaches the simple basics of:
• What is lead nurturing and why does it matter?
• How does marketing automation make it much easier?
• Getting your sales and marketing teams on the same page about the lead nurturing process
• Understanding your buyers’ journey and the opportunity funnel
• Creating a powerful content marketing strategy
• Building automated lead nurturing workflows
• Scoring your leads as they move through the funnel to identify the most qualified
• Measuring the effectiveness of your marketing automation program
Consumer Insights Overview - Premium Retail SolutionsWinston Ledet
An overview of the Premium Retail Solutions capabilities on Insights. From research on the customer journey, product specific research to competitive intelligence Premium Insights can help drive your business
Paid Advertising is a proven tactic for driving traffic to your website & social media channels but can easily turn into a Money Pit. How do you make sure funds are spent in support of winning campaigns and not wasted frivolously?
Joe Skibbie, Director of JRS Mar/Com shares campaign tales of Wastes & Wins when incorporating paid advertising into a Digital Marketing Strategy.
Learn to grow your audience, increase website traffic & promote virtual content.
Facebook & Instagram Ad Accelerator - Shopify AdvancedTopGrowthMarketing
Slides from a Shopify LA webinar by Jack Paxton from Top Growth Marketing. The slides explain intermediate and advanced techniques to achieve better marketing outcomes through Facebook and Instagram ads.
Operational Attribution with Google AnalyticsJonathan Breton
Multi-channel Attribution Modeling isn't necessary complex to implement.
Find here a framework and a methodology to start moving away from last-click vision
Similar to Post Purchase behavior of Consumer (20)
basic model of CDM
CDM for different kind of products
Why we make decision
FMCG vs Durables
CDM for new products
Use of celebrity to influence CDM
TYPES of CDM
Types of Information sought
Brand set and CDM
Branding and Choice Set
Strategies for applying CDM
Brand Identity and personality Example to start
Components of personality
Marketing and personality of product and brand
Ads, fads and consumer culture
Women and marketing
Surrogate use of gender to exemplify personality in marketing
Mechanical Bride
Ivory Soap,Great Snow, radio corporation of america
Types of self concept
Dimensions of Consumer Decision Making
NeuroMarketing
Model of consumer Decision Making
Category wise , impulsive, passive ,CDM
FMCG vs Durable
Use of celebrity in CDM
Types of CDM
Strategies of applying CDM
Curious marketer
Tip of the Iceberg
Attitude and Branding Strategies
Electroshock therapy
Central or peripheral route to attitude formation
Linkages or components of attitude
Tesla, Patanjali, Al Gore, Vikrant motorcycles
Harley
Cadbury
Patanjali
Tata
Reliance
Kingfisher
Tesla
Alan musk
Mark Zuckerberg
Vladimir Putin
Obama
Singapore
Silicon valley
South Africa
Australia
Role of belief in Attitude formation Raymond and Surf Excel brand
Multi components in Attitude
LG, Lifebuoy, Jaguar, Charms,Naukri.com,Foster's
Elaboration Likelihood Model (ELM)
Men in Historic Times in society and market
Lifebuoy, Colgate
Changing times to Brainy Men
Center fresh, Kiwi Shoe polish
1970s and 1980s
Men of Class
After 1991
Millennials
Covid 19 and Now
Attention, its span and disturbances in Consumer Behavior
OOH , how they seek attention of Consumer
Innovative ways to create and hold attention of consumer
Interactive, 3D and new medium of communications
Creative solutions for retention of attention
GESTALT principles in marketing
Absolute Threshold and Just Noticeable Difference concepts
Information processing Model
Sense, Memory and Learning
Positive /Negative reinforcements for marketer
Apple. IndusInd, Cadbury, Amul , Maggi, Dabur, etc examples
Concept of Innovation
Diffusion of Innovation curve
Categories of Consumer in market of innovation and product
The Chasm
Diffusion of Innovation by Rogers
VirginGalactic and Apple as Innovators and their product and service adoption in market
Kinds of reference Groups in Consumer Behavior influence
Aspirational,Associative and Dissociative Reference groups which influence our purchases and behavior
Celebrity as influencer in market and its dimensions
Culture
Concept of Culture
3 B Framework
Implications on Consumer behavior
Parameters of Cultural boundaries
Values and Consumer Behavior
Demographics and its impact on Marketing
Language as an barrier for Consumer Behavior
Non Verbal communication as a tool of understanding pulse of marketing
Model of Consumer Behavior
Influencers on Consumer Behavior
Applications of consumer Behavior
Examples of marketing Strategy
Nature of Consumer Behavior
How to Run Landing Page Tests On and Off Paid Social PlatformsVWO
Join us for an exclusive webinar featuring Mariate, Alexandra and Nima where we will unveil a comprehensive blueprint for crafting a successful paid media strategy focused on landing page testing.With escalating costs in paid advertising, understanding how to maximize each visitor’s experience is crucial for retention and conversion.
This session will dive into the methodologies for executing and analyzing landing page tests within paid social channels, offering a blend of theoretical knowledge and practical insights.
The Pearmill team will guide you through the nuances of setting up and managing landing page experiments on paid social platforms. You will learn about the critical rules to follow, the structure of effective tests, optimal conversion duration and budget allocation.
The session will also cover data analysis techniques and criteria for graduating landing pages.
In the second part of the webinar, Pearmill will explore the use of A/B testing platforms. Discover common pitfalls to avoid in A/B testing and gain insights into analyzing A/B tests results effectively.
Videos are more engaging, more memorable, and more popular than any other type of content out there. That’s why it’s estimated that 82% of consumer traffic will come from videos by 2025.
And with videos evolving from landscape to portrait and experts promoting shorter clips, one thing remains constant – our brains LOVE videos.
So is there science behind what makes people absolutely irresistible on camera?
The answer: definitely yes.
In this jam-packed session with Stephanie Garcia, you’ll get your hands on a steal-worthy guide that uncovers the art and science to being irresistible on camera. From body language to words that convert, she’ll show you how to captivate on command so that viewers are excited and ready to take action.
How to Use AI to Write a High-Quality Article that Ranksminatamang0021
In the world of content creation, many AI bloggers have drifted away from their original vision, resulting in low-quality articles that search engines overlook. Don't let that happen to you! Join us to discover how to leverage AI tools effectively to craft high-quality content that not only captures your audience's attention but also ranks well on search engines.
Disclaimer: Some of the prompts mentioned here are the examples of Matt Diggity. Please use it as reference and make your own custom prompts.
First Things First: Building and Effective Marketing Strategy
Too many companies (and marketers) jump straight into activation planning without formalizing a marketing strategy. It may seem tedious, but analyzing the mindset of your targeted audiences and identifying the messaging points most likely to resonate with them is time well spent. That process is also a great opportunity for marketers to collaborate with sales leaders and account managers on a galvanized go-to-market approach. I’ll walk you through the methods and tools we use with our clients to ensure campaign success.
Key Takeaways:
-Recognize the critical role of strategy in marketing
-Learn our approach for building an actionable, effective marketing strategy
-Receive templates and guides for developing a marketing strategy
Most small businesses struggle to see marketing results. In this session, we will eliminate any confusion about what to do next, solving your marketing problems so your business can thrive. You’ll learn how to create a foundational marketing OS (operating system) based on neuroscience and backed by real-world results. You’ll be taught how to develop deep customer connections, and how to have your CRM dynamically segment and sell at any stage in the customer’s journey. By the end of the session, you’ll remove confusion and chaos and replace it with clarity and confidence for long-term marketing success.
Key Takeaways:
• Uncover the power of a foundational marketing system that dynamically communicates with prospects and customers on autopilot.
• Harness neuroscience and Tribal Alignment to transform your communication strategies, turning potential clients into fans and those fans into loyal customers.
• Discover the art of automated segmentation, pinpointing your most lucrative customers and identifying the optimal moments for successful conversions.
• Streamline your business with a content production plan that eliminates guesswork, wasted time, and money.
Short video marketing has sweeped the nation and is the fastest way to build an online brand on social media in 2024. In this session you will learn:- What is short video marketing- Which platforms work best for your business- Content strategies that are on brand for your business- How to sell organically without paying for ads.
Core Web Vitals SEO Workshop - improve your performance [pdf]Peter Mead
Core Web Vitals to improve your website performance for better SEO results with CWV.
CWV Topics include:
- Understanding the latest Core Web Vitals including the significance of LCP, INP and CLS + their impact on SEO
- Optimisation techniques from our experts on how to improve your CWV on platforms like WordPress and WP Engine
- The impact of user experience and SEO
SMM Cheap - No. 1 SMM panel in the worldsmmpanel567
Boost your social media marketing with our SMM Panel services offering SMM Cheap services! Get cost-effective services for your business and increase followers, likes, and engagement across all social media platforms. Get affordable services perfect for businesses and influencers looking to increase their social proof. See how cheap SMM strategies can help improve your social media presence and be a pro at the social media game.
AI-Powered Personalization: Principles, Use Cases, and Its Impact on CROVWO
In today’s era of AI, personalization is more than just a trend—it’s a fundamental strategy that unlocks numerous opportunities.
When done effectively, personalization builds trust, loyalty, and satisfaction among your users—key factors for business success. However, relying solely on AI capabilities isn’t enough. You need to anchor your approach in solid principles, understand your users’ context, and master the art of persuasion.
Join us as Sarjak Patel and Naitry Saggu from 3rd Eye Consulting unveil a transformative framework. This approach seamlessly integrates your unique context, consumer insights, and conversion goals, paving the way for unparalleled success in personalization.
SEO as the Backbone of Digital MarketingFelipe Bazon
In this talk Felipe Bazon will share how him and his team at Hedgehog Digital share our journey of making C-Levels alike, specially CMOS realize that SEO is the backbone of digital marketing by showing how SEO can contribute to brand awareness, reputation and authority and above all how to use SEO to create more robust global marketing strategies.
Everyone knows the power of stories, but when asked to come up with them, we struggle. Either we second guess ourselves as to the story's relevance, or we just come up blank and can't think of any. Unlocking Everyday Narratives: The Power of Storytelling in Marketing will teach you how to recognize stories in the moment and to recall forgotten moments that your audience needs to hear.
Key Takeaways:
Understand Why Personal Stories Connect Better
How To Remember Forgotten Stories
How To Use Customer Experiences As Stories For Your Brand
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
Is AI-Generated Content the Future of Content Creation?Cut-the-SaaS
Discover the transformative power of AI in content creation with our presentation, "Is AI-Generated Content the Future of Content Creation?" by Puran Parsani, CEO & Editor of Cut-The-SaaS. Learn how AI-generated content is revolutionizing marketing, publishing, education, healthcare, and finance by offering unprecedented efficiency, creativity, and scalability.
Understanding
AI-Generated Content:
AI-generated content includes text, images, videos, and audio produced by AI without direct human involvement. This technology leverages large datasets to create contextually relevant and coherent material, streamlining content production.
Key Benefits:
Content Creation: Rapidly generate high-quality content for blogs, articles, and social media.
Brainstorming: AI simulates conversations to inspire creative ideas.
Research Assistance: Efficiently summarize and research information.
Market Insights:
The content marketing industry is projected to grow to $17.6 billion by 2032, with AI-generated content expected to dominate over 55% of the market.
Case Study: CNET’s AI Content Controversy:
CNET’s use of AI for news articles led to public scrutiny due to factual inaccuracies, highlighting the need for transparency and human oversight.
Benefits Across Industries:
Marketing: Personalize content at scale and optimize engagement with predictive analytics.
Publishing: Automate content creation for faster publication cycles.
Education: Efficiently generate educational materials.
Healthcare: Create accurate content for patients and professionals.
Finance: Produce timely financial content for decision-making.
Challenges and Ethical Considerations:
Transparency: Disclose AI use to maintain trust.
Bias: Address potential AI biases with diverse datasets.
SEO: Ensure AI content meets SEO standards.
Quality: Maintain high standards to prevent misinformation.
Conclusion:
AI-generated content offers significant benefits in efficiency, personalization, and scalability. However, ethical considerations and quality assurance are crucial for responsible use. Explore the future of content creation with us and see how AI is transforming various industries.
Connect with Us:
Follow Cut-The-SaaS on LinkedIn, Instagram, YouTube, Twitter, and Medium. Visit cut-the-saas.com for more insights and resources.
Digital Commerce Lecture for Advanced Digital & Social Media Strategy at UCLA...Valters Lauzums
E-commerce in 2024 is characterized by a dynamic blend of opportunities and significant challenges. Supply chain disruptions and inventory shortages are critical issues, leading to increased shipping delays and rising costs, which impact timely delivery and squeeze profit margins. Efficient logistics management is essential, yet it is often hampered by these external factors. Payment processing, while needing to ensure security and user convenience, grapples with preventing fraud and integrating diverse payment methods, adding another layer of complexity. Furthermore, fulfillment operations require a streamlined approach to handle volume spikes and maintain accuracy in order picking, packing, and shipping, all while meeting customers' heightened expectations for faster delivery times.
Amid these operational challenges, customer data has emerged as an important strategy. By focusing on personalization and enhancing customer experience from historical behavior, businesses can deliver improved website and brand experienced, better product recommendations, optimal promotions, and content to meet individual preferences. Better data analytics can also help in effectively creating marketing campaigns, improving customer retention, and driving product development and inventory management.
Innovative formats such as social commerce and live shopping are beginning to impact the digital commerce landscape, offering new ways to engage with customers and drive sales, and may provide opportunity for brands that have been priced out or seen a downturn with post-pandemic shopping behavior. Social commerce integrates shopping experiences directly into social media platforms, tapping into the massive user bases of these networks to increase reach and engagement. Live shopping, on the other hand, combines entertainment and real-time interaction, providing a dynamic platform for showcasing products and encouraging immediate purchases. These innovations not only enhance customer engagement but also provide valuable data for businesses to refine their strategies and deliver superior shopping experiences.
The e-commerce sector is evolving rapidly, and businesses that effectively manage operational challenges and implement innovative strategies are best positioned for long-term success.
Financial curveballs sent many American families reeling in 2023. Household budgets were squeezed by rising interest rates, surging prices on everyday goods, and a stagnating housing market. Consumers were feeling strapped. That sentiment, however, appears to be waning. The question is, to what extent?
To take the pulse of consumers’ feelings about their financial well-being ahead of a highly anticipated election, ThinkNow conducted a nationally representative quantitative survey. The survey highlights consumers’ hopes and anxieties as we move into 2024. Let's unpack the key findings to gain insights about where we stand.
Come learn how YOU can Animate and Illuminate the World with Generative AI's Explosive Power. Come sit in the driver's seat and learn to harness this great technology.
25. Conditions Leading to
Dissonance
Dissonance is likely to occur under following conditions:
Minimum threshold of dissonance is passed. Consumers may tolerate
a certain level of inconsistency in their lives until the point is reached
The action is irrevocable. Consumers may not reverse a decision
when they have purchased a car
Unselected alternatives have desirable features
There are several desirable alternatives
Available alternatives are quite dissimilar in their qualities
There is no pressure applied to the
consumer to make the decision
26. Postpurchase Dissonance
• The degree of commitment or irrevocability of the
decision
• The importance of the decision to the consumer
• The difficulty of choosing among the alternatives
• The individual’s tendency to experience anxiety
27. Reduce Dissonance
After the purchase is made, the consumer may
utilize one or more of the following to reduce
dissonance:
Increase the desirability of the brand purchased
Decrease the desirability of rejected alternatives
Decrease the importance of the purchase decision
Reverse the purchase decision
29. Dissonance Reduction
There several ways in which consumer strives
to reduce dissonance.
These include:
Change the evaluation of alternatives
Seek new information to support his choice
Change his attitudes
38. Negative Advertising
A seminal example of negative political advertising attempting to raise
dissonance over the competing political party. Perhaps unfortunately
modern political campaigning seems to mostly ’knock’ the opposition
parties.
39. Consumption guilt
Consumption guilt - when guilt feelings are
aroused by the product/service use.
Marketers needtofocus on validating
the consumption for “high
guilt” products.
45. Determinants of Satisfaction
and Dissatisfaction
Instrumental performance relates
physical functioning of the product.
to the
Symbolic performance relates to aesthetic or
image-enhancement performance.
Affective performance is the emotional
response that owning or using the product or
outlet provides
47. Marketing Strategy and
Dissatisfied Consumers
Firms need to satisfy consumer expectations
by:
1. Creating reasonable expectationsthrough
promotional efforts, and
2. Maintaining consistent quality so the
reasonable expectations are fulfilled.
49. Target
Repeat purchasers continue to buy the same
brand though they do not have an emotional
attachment to it.
Switching costs are the costs of finding,
evaluating, and adopting another solution.
Brand loyalty involves commitment to the brand
– it is a biased behavioral response
expressed over time.
50. Churn
A churn is a turnover in a firm’s customer base.
Reducing churn is a major objective of many firms
today.
It typically costs more to obtain a new customer than to
retain an existing one, and new customers generally
are not as profitable as longer-term customers!