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Consumers

Related answers:

Usually, there is a notable difference in purchasing patterns between consumers and corporate customers.

Below is a tool for a peep into the mind of a consumer.

Four principal factors
Generally, consumers are less rational than corporate customers when deciding which product to buy.

Four principal factors influence a consumer´s choice of product/service:

  1. Cultural factors - subculture, social class, religion, nationality etc.
  2. Social factors - family, role, status, etc.
  3. Personal factors - gender, age, lifestyle, financial situation, personality, image, etc.
  4. Psychological factors - need engendered motivation, from one´s subconsciousness, or satisfaction optimisation, etc.

Consumers segmentation
For a new company it is rarely possible to reach all consumers at one time. You have to choose special groups of consumers. It is called segmentation.

You can seek to segment, categorise, by various criteria:

  • Geography - city, country, district, street
  • Education – skilled, unskilled
  • Occupation - doctors, lorry drivers, teachers
  • Age – children, youngsters, middle age, retired people
  • Sex – men or women
  • Leased or owner-occupied housing
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Consumers

 
Elisabeth Hau Lin Hue, Singapore 28-11-2009
The behaviour of a consumer is beyond one´s control. One day they like this, the other day they like that. As a fashion designer you have to consult your stomach to find the right approach to reach the consumers.

 


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Copyright © 2009 Dynamic Business Plan          05-02-2012


Business Customer - B2B
Competitive Parameters
Consumers
Market Description
Market Research
Possibilities and Threats In The Market
Realistic Number of Customers

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