StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Psychology of Marketing - Essay Example

Cite this document
Summary
According to the post, the factors that lead to a particular order of behaviors for a potential customer are determined by their individualized consumer characteristics that result in decision processes and purchase decisions. For a marketer, the main role is to understand the…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94% of users find it useful
Psychology of Marketing
Read Text Preview

Extract of sample "Psychology of Marketing"

Psychology of Marketing al Affiliation Psychology of Marketing: Response to a Post According to the post, the factors that lead to a particular order of behaviors for a potential customer are determined by their individualized consumer characteristics that result in decision processes and purchase decisions. For a marketer, the main role is to understand the processes that occur between the time the potential consumer receives the stimuli (the enticing note for sale) and the time they decide on whether to make the purchase.

The authors Kolter and Keller (2012) argue that four key psychological processes (motivation, perception, learning and memory) are involved in influencing the consumers’ responses. Herberg’s theory presents a dichotomy for possible resolutions for targeted consumers: satisfaction versus dissatisfaction (Kolter & Keller, 2012; Durmaz & Diyarbakirlioglu, 2011). Consideration of both outcomes is important as neither can apply in the absence of the other. When marketing, it is important to incorporate both sides of the dichotomy in one’s thinking as they almost equally influence the decision made by the consumer.

The marketer must not fail to recognize the needs of the consumer, and, consequently, place their product within their list of needs. To achieve this, they must be able to sufficiently but fast introduce the product, and discuss its value in light of the consumer’s current needs in order to make it appealing to them (Bohm, 2012). As such, the marketer’s main pursuit lies in their ability to motivate a consumer so they can get a favorable perception of the product while deciding on buying.

ReferencesBohm, J. (2012). Two-factor theory – At the intersection of health care management and patient satisfaction. ClinicoEconomics and Outcomes Research. 4: 277-285.Durmaz, Y. & Diyarbakirlioglu, I. (2011). A theoretical approach to motivation in consumer behavior. Global Journal of Human Social Science. 11(10) Version 1.Kotler, P. & Keller, K. L. (2012). Marketing management (14th Ed.). Upper Saddle River, New Jersey: Pearson Education, Inc., publishing at Prentice Hall.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Psychology of Marketing Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Psychology of Marketing Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/marketing/1670856-psychology-of-marketing
(Psychology of Marketing Essay Example | Topics and Well Written Essays - 250 Words)
Psychology of Marketing Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/marketing/1670856-psychology-of-marketing.
“Psychology of Marketing Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/marketing/1670856-psychology-of-marketing.
  • Cited: 0 times

CHECK THESE SAMPLES OF Psychology of Marketing

Key elements in consumer behavior and why it is relevant to marketing

There are several database methods of consumer research such as store loyalty programs which is strengthening more personal forms of marketing 2.... Key Elements of Consumer Behavior and why it is relevant to marketing Abstract Customer satisfaction is one of the key drivers in running a successful business in today's world.... Thus, changes in consumer preferences, needs and behavior must be reflected by constantly evolving product portfolios and marketing strategies to drive business growth....
4 Pages (1000 words) Term Paper

The Psychology of Marketing

The psychology of Marketing “A sense of linkage to the concrete and observable world external to ourselves permits us to obtain a sense of stability and continuity in an otherwise less stable existence” (Schultz, Kleine, and Kernan, 1989, 359-366).... This approach depicts a unique psychology of the consumers, which would be discussed in details in this essay.... The psychology of consumers cannot be understood without referring to the personal values....
8 Pages (2000 words) Essay

Psychology of Marketing

The psychology of Marketing Valued Material Possessions The concept of valued material possession is significant from view point of marketers.... Marketers need to understand concept of value possession in order to analyze consumer behaviour and decide marketing strategy on the basis of analysis....
7 Pages (1750 words) Essay

The Psychology of Marketing

It is vital for the marketing section of an organization to reach out to the people and inform them that they care about their thoughts and what is significant in their lives.... Psychological marketing is better understood if an understanding of the saying “people do not want your product or service” is better too (Elliott, Rundle-Thiele, and Waller, 2011)....
8 Pages (2000 words) Essay

ETH301 MODULE 1

Dropping Celebrities from Endorsements Due to Scandals: Justifiable or Not?... The use of celebrities as endorsers of a particular product started since the time of Sir Lancelot, Lady Hamilton, and the era of gladiators (Stadtler 18).... The reason behind business owners' choice of using celebrities emanates from the word's definition....
3 Pages (750 words) Assignment

The Role of Consumer Behavior in Marketing Decisions

The purpose of this paper is to define the importance with which companies attach consumer behavior to their marketing strategies and approaches.... marketing approaches adopted are in line with customer preferences and behaviors which can be arrived at by carrying out market research and surveys.... hellip; In the following discourse, a simple market survey was conducted touching on four areas of interest to assist in defining the marketing status at McDonalds....
4 Pages (1000 words) Research Paper

Advertising strategies - Denim jeans

?The psychology of Marketing cross-cultural perspectives.... Market segmentation, on the other hand is where a company divides its market into different Advertising Strategies al Affiliation Advertising Strategies Question Product segmentation refers to the marketing strategy that divides products or groups them based on the needs of a certain target group....
2 Pages (500 words) Assignment

Status Consumption of a Specific Brand

As there becomes a pedigree of standard placed on the kind of purchases people with status consume, marketing as an industry also become a benefactor if well harnessed with status consumption (Haruna, 2003).... The paper "Status Consumption of a Specific Brand" discusses that choice of clothing should be very integral for them because as the saying goes, “you are addressed by how you are dressed....
10 Pages (2500 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us