Why Do People Buy?
Business → Marketing & Advertising
- Author Lynne Saarte
- Published November 20, 2007
- Word count 420
When you’re marketing your business, you need to know two things: who bought your product, and why they bought your product.
Every marketing advice, revolves around the knowing your target market. Without knowing and understanding your target market, it would be very difficult for you, as a business owner, to be successful in your industry.
Marketing tips and techniques would always tell you that you need to know your market so that you can mold your marketing campaign to what would be attractive to your clients. Your clients are actually the heroes in your business story. Whatever success you have depends on how your market would appreciate and respond to your marketing campaign, be it catalogs, posters, flyers, brochures, and even your postcard printing pieces.
In fact, marketing your business is not about you or your company; but more than anything else, marketing your business is all about your target clients and what you can do for them. It’s the benefits to be had from your product or service, rather than the features.
And it’s not just actually knowing who your target clients are. You also need to know who in fact bought your products and why they bought them in the first place. Again, this is the reason why targeting is so important – not only should you target those who are in need of your services, but most importantly, those who really acted on an offer and bought a product.
Some questions most likely to be running in your mind would be who actually purchased your product? What made them do so? Why did they choose you over your competition? What makes you different? And what can you do to encourage them to do a repeat purchase?
It is no secret that one of the primary factors people look at when deciding on what product to purchase is the cost that the transaction would incur. People are prone to purchase things they need given it's at an agreeable price. Seldom do they acquire a need or a want without having to consider the money involved, or even the time it takes to buy such things.
Money and time.
The economical use of these two resources is the utmost priority of your clients. If you can take into account how much of your customers' money can your business help save and how easy and fast the process is to acquire it, your clients would more than gladly shell out their hard-earned bucks for you in no time.
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