There 're several factors that directly impact the consumer behavior and affect their purchasing decisions, these factors may be cultural, social, economical, personal and psychological factors. However, this assignment mainly pays a particular attention to the psychological aspect and how does it play an important role on the consumers ' purchases and decisions. Consumers can be motivated to buy a certain product either by their internal desires or the outer pressure. The needs, taste and the preference all these differ among the consumers based on their selves-concept. Different consumers may have different thought on a particular product or service and that 's known as the consumers ' perceptions, the person 's beliefs, attitude and previous experiences also have a significate influence on his perception and may affect his purchasing behavior. Moreover, the peer pressure from friends and family and also the subliminal advertisements have the power to change the person 's perception and affect his purchasing behavior. Therefore, to understand the role of all these psychological factors in affecting the consumer behavior, I recorded what I 'd bought the last week, when and from where I got the products. Some of these products that I bought recently are: • QV Face Moisturizing Day …show more content…
According to my behavior and attitude in the previous week and especially when I bought my Nike sneaker it was oblivious that I made my decision based on my own perception and the way that I identified my needs. Also, from my experiences and after trying many other brands such as Adidas and New Balance I 'd learned that Nike 's shoes are better than the others and more fashionable. Furthermore, I have a strong belief that Nike offers a wide range of high quality sport clothes and shoes comparing to other sport brands and that makes me tend to choose Nike products over other brands. As a matter of fact, it took me a number of years to have these feelings, beliefs
Nike draws in peoples’ attention and gets viewers to agree with them and buy their product with the help of these three factors. Nike is a very successful company because of how they draw in their audience and display their commercials using ethos, pathos, and logos. The company Nike just celebrated their 25th “Just Do It” anniversary. The commercial is filled with
People are going to desire that same shoe or product. Nike creates a idea in the audiences mind to go get the shoe that the celebrity is wearing. Nike draws consumer in with role models. Nike ethos is very effective towards the
When it comes to athletic apparel, the first company people think of is either Nike or Adidas. Why is this so? Both Nike and Adidas have done an impressive job in marketing their products, with popular spokesperson like Kobe Bryant or Derrick Rose. Nike’s success is attributed to its products contributing to the success of the athletes who purchase them. Nike and Adidas seemed as though they had control on the athletic apparel oligopoly, but recently, Under Armour has become a serious competitor to the two companies.
Today, shoes are worn for comfort, design, color, and even lifespan of the shoe. I've always been a fan of collecting certain types of shoes just because of the design itself and the overall style as well and sometimes this is exactly what customers are looking for. They even have a custom shoe builder on almost all shoe companies you can think of. Nike is one of those companies and it's a great way to let
but they continue with their same design so after some time all people avoid the brand product because there is a huge competition in the market because lots of company 's available to compete for example Nike, Adidas, puma ,Reebok ,etc these are the company 's they always change their product with the fashion. so there is a big opportunities for converse from these companies. because now a days all people not buy alder fashion product. so converse have to change their policy to stable in the current market. And change their design with the change of fashion.
Nike has managed to shift their Manufacturing unit into Asian country’s were the labor is cheap to be exact wages of USD1 an hour were so little as one-tenth of those given in the US. No wonder that a pair of shoes which were sold for $150 in 1991 is made by indoasian women who were 58 cents a day but the situation has started to change and due to that reason the company has managed to minimize cost of production and not only double triple the the revenue as comparing to the year 1996. Finally we come up with promotion and advertising campaigns which became a grand success not only because they introduced sportspersons , they also introduced innovative ideas and wise strategies and the image of the Product, due to this process we can say that Nike targeted a huge no of audience and created a Prestigious brand which will be easily available for average people . they also came up with great tag lines such as ‘there is no finish life’ , and in the 1980 they changed it into “ JUST DO IT “ these quotes of tag lines are considerd very simple but very attracting and extremely encouraging for the customers .
The strength of high price product strategy is that Nike can earn more on each single item. Also, it can ensure the quality of the products. The low-priced products policy could widen the customer group and attract more buyers to boost the sales. The weakness of selling premium is that only high-end buyers could afford to buy it.
Simply put, Nike’s target market is mainly customers who have more concern for the quality and utility of the product than they have for the price at which the product is being sold. This helps to ensure that pricing never has to be adjusted downwards in attempts to woo in a larger number of customers. For any company to achieve success from the marketing strategies that it has put in place, it has to ensure that its strategy is flexible enough to keep up with the changing times and to also accommodate a large variety of customers. So as to do this, it is imperative that the products being produced by the company be innovative enough to exceed what is being provided by competitors in every possible way. Nike chose to take this into deep consideration and this resulted in it making a few changes on its marketing strategy.
The "Just Do It" campaign was additionally viable in reassuring buyers that the brand they picked, Nike, was a quality brand. This was most adequately depicted by celebrity sports figures, for example, Michael Jordon, Tiger Woods and Roger Federer. The chance that Michael Jordan can play a whole NBA season in a couple of Nikes, absolutely the consumer can believe the shoes' durability. Components of Perception: As a consumer, Nike always represents great quality and highly reliable.
Probable factors that could affect Nike’s business judgements are a range of demographic, social, economic and political. A few have already started to transpire, though others are purely likelihoods. External factors affecting this mix is one of the most common, technology. Before Nike releases its brand new product line to the market, it’s always prepared to authorize that whether or not there has been any sort of major advances from the other competitors that would tracker its launch. Thus they must time this carefully, as other competition may demand to shadow its release with their marketing
It will be easily giving the consumer make the decision in short time when buy the Nike’s product without compare with other Nike retail. Weakness 1. High Prices Nike is a strong brand at the global market and it normally sells the product in the market with high price to get higher margins and profit value. However, many competitors cost of the footwear is lower than Nike in the market, particularly in emerging markets, this can give consumers get many choice about the footwear.
While they battle the fight of convincing the fashion-oriented youth with extensive marketing campaigns, sport star endorsements and a great number of shoe models, New Balance was able to avoid attrition and successfully create a loyal following. New Balance Shoes provide great performance while still being comfortable and adaptive. Having
In addition, Nike products can also be sold cheaply and with its mass production benefits, Nike positioned The Promise and Perils of Globalization: the case of Nike 3 itself strategically enough to meet global demand. As stated by Hill, (2007) “Nike enhanced the productive capacity to meet the rising demand, hence; satisfying the customers’ needs.” The positive and negative impacts of this
Literature review Advertising has become a form of communication and a great source for promoting services and products for any business in the whole market because of its broader impact. The main idea of an advertisement is to get the attention of the consumers, build up the product’s strong image in their mind and provide information to help the consumer to make a purchase decision. So, the central focus in today’s diverse global marketplace is the consumer. Companies exert a lot of effort to find out the best ingredients that should be in an effective advertising and identifying its influence on the consumer’s mind, so effective advertising should be considered as one of the most important tools that strongly affect and can change the consumer’s buying behavior. The research attempts to investigate the impact of effective advertising on the consumer’s buying behavior.
Introduction At the start of this course, I had no idea what to expect. This is due to the fact that marketing is a field that offers a combination of so many different disciplines such as art, psychology, and statistics. I encounter marketing on a daily basis but have strangely enough not reflected too much about it. Nevertheless, it is a very interesting subject, which deals with promoting and selling services and products.