Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Buying decision process in rural marketing
1.
2. Buying decision process describes the fundamental stages that a
customer goes through when deciding to buy a product
Buying decision of rural consumer depend on:
Life style
and
personality
of
consumer
Tradition
Custom
Value
3. Consumers pass through five stages while making a purchases
decision. These are:
Problem/need Recognition
Information Search
Evaluation of Alternatives
Purchase Decision
Post-purchase Behaviour
4. Consumer first tries to find the need of product which primarily
depend on cost in rural area
Need can be triggered by internal and external stimuli
Marketer should help consumers identify their current and future
problems/need in this stage
To do so marketer have to research on consumer need and problem
By so doing marketers can design products/services capable of
meeting those needs/problems and develop marketing strategies
that can trigger consumer interest in those products or services
5. Consumer try to find information pertaining to their want satisfying
product to make the right choices
consumer searches for internal or external information.
Information gathering may be passive or active
Passive information gathering occurs when an individual or group
simply becomes more attentive to a recognised solution to a given
need
In Active information search the person looks for reading material,
phones friends and engages in other activities to know more about
product
6. INFORMATION
SOURCES
PERSONAL SOURCE
(family, friends, work
colleagues and
neighbours etc )
COMMERCIAL
SOURCE
(promotional
materials, technical
journals or consumer
magazines, packaging)
EXPERIENTIAL
SOURCE
(handling, using the
product)
PUBLIC SOURCE
(mass media)
7. At this time the consumer compares the brands and products
that are in their evoked set.
The process of evaluating alternatives depend on consumer and
the buying situation of an individual
customers evaluate product attributes and features that are most
relevant to their needs
Models used for evaluation:
o Expectancy model
o Conjunctive model
o Disjunctive model
o Lexicographic model
8. Evaluation process lead to purchase intention
(A plan to purchase a particular good or service in the future)
Two factors can intervene between the intention and the purchase
decision:
The attitude of others
Unanticipated events
Three possibilities of purchase decision:
From whom to buy (policy, sales, past experience)
When to buy (time, atmosphere)
Don’t buy
10. Marketing continues into the post-purchase period
The aim of marketing is not to make a sale but to create a long term
relationship with a customer
The buyer feels satisfied when the perceived product performance
is close to his/her expectations
If it exceeds the expectation the customer is delighted
If it fall short of expectation the customer is disappointed
The buyers post purchase actions will provide necessary feedback
to the marketers
Post purchase action:
The satisfaction or dissatisfaction with the service will determine
subsequent performance of the service in the market.
11.
12.
13. PERSONAL & ENVIRONMENTAL FACTORS
MARKETING FACTORS
Psychological personal social culture
Problem
recognition
Information
seeking
Evaluation
of
alternatives
Purchase
decision
POST
PURCHASE
DECISION
MARKET MIX
Product price promotion place
ENVIRONMENTAL FACTORS