Sunday, October 14, 2012

E-Marketing and the Consumer Buying Process


In order to connect both E-marketing and the consumer buying decision process, we must first understand the entire process, step by step. Many books, websites and marketing gurus have different definitions and steps to the process. However, I feel the most accurate decision making process has four stages: need-and-want recognition, information gathering, evaluation and purchase.

Consumer Buying Process:
Need and Want Recognition: This is the start of the consumer buying process that deals with awareness. In this step the consumer figures out what their problem or need is. This triggers the consumer’s want to purchase something that would satisfy their need or fix their problem. From an E-marketing standpoint, E-marketing opportunities can help establish awareness and need. E-marketing activities such as Banner ads, sponsorships, etc., expose customers to products and services. Also, by using different data-gathering tools such as online surveys, help uncover the customer’s want or needs.
Information Search:  After the consumer has established a need or want, they begin seeking information about the product or service they feel will resolve their problem. From an E-marketing standpoint, Contextual e-marketing techniques are becoming very useful online instruments to search for information and have also become a routine step in the consumer buying process. For example, Google is a great tool used to look for endless information about pretty much anything. 
Evaluation: At this point in the process, the consumer then sees all of the choices available to them that will help satisfy that want or need. They begin to evaluate each alternative based on the qualities that are more important to them such as: Service, price and convenience. The consumer reaches out to people they trust such as Family, friends, social media, and/or professionals who know the product/service; this plays a huge role and makes a considerable impact on the evaluation. From an E-marketing standpoint, there are different tools that help the consumers through the evaluation process toward their purchasing goal. Some of the tools are: Customer feedback, message boards, reviews and blogs.
Purchase: The consumer now takes all the knowledge they have learned in each of the previous steps and makes a final decision regarding which product or service they will finally purchase. Once they make a final decision of which product or service they want to purchase, they then chose where to purchase the product/service. The consumer either goes to a store they typically go to or simply a store that offers the product/service at the cheapest price. From an E-marketing standpoint, transaction e-marketing activities such as e-mail marketing, gift registries, etc., help consumers make a final purchase or possibly an additional purchase.

Using the Consumer Buying Process, Marketers have the opportunity to improve the consumer’s experience and influence the consumer throughout all steps in the process towards making a purchase.  Now-a-days, plenty of consumers actually go through the entire consumer buying process online. In each one of the stages, e-marketing technologies can be best placed to help or lead consumers towards a purchase. 




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