Skip to main content

Think Beyond Purchase – Understand Shopper’s Journey



Today marketers understandably tend to possess over purchases. Even if they understand an entire consumers journey leads up to a purchase, the actual sale is the tangible result of all their efforts and the thing that puts money in the exchequer. That means many ends up focusing on where that purchase gets made, either online or in-store.
This is an important data point, in our research people preferred purchase certain things from online and some from store. But the truth of today shopper’s before purchase any thing they browse and research online whether they have intend to buy from store. In our research we talk some shoppers regarding their purchase journey about 60-80% people browse and research online and see the factors like features of the product, customer reviews, pricing & warranty before make any purchase.

Omnichannel Channel Strategy Wins- In Some categories

We talk about apparel, how you should buy something without trying it on? As in our research almost 60-70% people purchase both from online and store and around 30% people say they buy directly from store.
Today large home appliances online market growth increases continuously in global market. Even online food & groceries market increase continuously. So in this omnichannel marketing strategy wins in sales growth.

Why people prefer Online Shopping

Here are some reasons why people prefer online rather Store: Today we talk to shopper’s as per their experience many say the online shopping experience is better than in-store when it comes to specific aspects of shopping:

·    Better navigation: Almost 60-70% people prefer online what they are looking for and around 30-40% people tells they go store for them.

·    Better Pricing and deals: Many people prefer online shopping because of the deal they get online and this is one of the main reason people prefer online.

·    Better recommendations and suggestions: Some people prefer because of the suggestion they get what to buy with the help AI and machine learning used by online.
 In other words, people feel online shopping makes it easier for them to find what they get at same place.

Conclusion: While as per today scenario no doubt online shopping increasing continuously, but it also true people looking for both online & offline. Ultimately, people are looking to meet their needs in the most efficient way possible, whether it is shopping online or researching online before heading to the store.


Comments

Popular posts from this blog

Quantitative Research vs Qualitative Research- What your approach

The process of conducting primary market research and collecting market research data and information can be broken down into two methods; quantitative and qualitative research. Each method involves a different process, and reveals different information. However, it has been noted by business professionals and academic experts that in order to gain a full understanding of a business environment, the market place and the consumers within it, it is wise to conduct both quantitative and qualitative market research . Quantitative Market Research Quantitative market research is the collection of numerical data often resulting in statistical analysis to understand trends in the data. The main characteristic of quantitative market research is that it allows for comparisons and trends in the data to be easily found and understood. It should also be noted that as a result of the standardised questions, quantitative market research is a more structured market research proces...

A strategy that Creates results | Insight Consulting

Objectives for a department or team will have a different scope from objectives for your organization as a whole. For example, and depending on scope and circumstances, you may want to develop strategies to: Increase profitability. Gain more market share. Increase approval ratings, or boost customer satisfaction. Complete a project under budget. To determine your strategy, you must understand fully the internal and external environmental factors that affect you. With that understanding, you can identify your clear advantages and use these to be successful. From there, you can make informed choices and implement your strategy effectively. So, strategy creation follows a three-stage process: Analyzing the context in which you're operating. Identifying strategic options. Evaluating and selecting the best options. We'll look at this process, and review some useful tools that can help you develop your strategy.

Ways to win tech shoppers this Holiday Season Sale

In this connected world consumer electronic brands have endless opportunities to build sarong connection especially during shopping seasons. Tech devices consistently top in the list of five most purchased gift categories from last two years. Today market trends and the consumer behavior, tech brands not rely on the retailers to build a connection with consumer. With tech shoppers around 75% research online and around 25% research offline, tech brands should be present and influence consumer choice across entire journey of the consumer. Below are some ways to win tech shoppers. Early Influence :   While digital channels make it easier to purchase at the last minute, in our research data shows that holiday shoppers actually start early. In fact, last year nearly 40% of people began their holiday shopping in October. Not only that, nearly half of today’s consumer electronics shoppers begin their shopping journey having decided what brand to buy. This suggests br...