Customer analysis in Marketing

Description
This presentation explains about customer analysis in marketing and includes theories like standard learning, customer dissonance, low involvement theory etc.

Customer Analysis in Marketing Management

Customer Analysis
• • • • • Who Where When What How

Customer Analysis
• Consumers • Business to Business

Customer Analysis
• Consumers
– End use customers – Brand loyalty – Repurchase

Customer Analysis
• Business to Business requires special considerations
– derived demand – purchaser is often NOT the user

Customer Analysis
• Where are my customers?
– Invoice data – Warranty cards

Customer Analysis
• When Do My Customers Buy?
– Demand variation – Changing customer buying patterns

Customer Analysis
• What Do My Customers Want? • Recording sales by price range, size and color • Competitive information from independent research firms

Customer Analysis
• How Do My Customers Buy?
– – – – – Recognition of problem Search for alternatives and info Buyer’s mental evaluation of alternatives Purchase Postpurchase behavior

Customer Analysis
• Problem recognition
– – – – Depleted inventory Advertising Promotions Store display

Customer Analysis
• Search for alternatives and information
– Past experience – Brochures – Catalogs

Customer Analysis
• Evaluation of alternatives
– Standard Learning Hierarchy – Dissonance-Attribution Hierarchy – Low - Involvement Hierarchy

Standard Learning Theory
• Cognitive (Perceptual) • Affective (Like - Dislike) • Conative (Purchase)
• Buyers are highly involved • Products are clearly differentiated • Mass media/Early PLC

Dissonance-Attribution Theory
• Conative (Purchase) • Affective (Like-Dislike) • Cognitive (Perceptual)
• Buyers highly involved/products similar • Salesperson important • Early Maturity

Low-Involvement Theory
• Cognitive (Perceptual) • Conative (Purchase) • Affective (Like - Dislike)
• Low involvement/similar products • Broadcast/Late maturity

Customer Analysis
• Buyer’s mental evaluation of alternatives
– – – – Friends Social class Personality Lifestyle

Customer Analysis
• Purchase
– Store location – Skill of the salesperson – Availability of credit

Customer Analysis
• Postpurchase Behavior
– Speed of repairs – Product durability – Extended warranty

Customer Analysis
• How Does My Firm Become Customer Oriented?
– Customer Checklist – Plant tours – Customer visits

Customer Analysis
• • • • Action and results driven Encourages initiative Increases role of staff to customers Builds trust



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