Study of Fairness Cream in Indian Market
- Pages: 3
- Word count: 720
- Category: Study
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The above statement of Henry Ford captures the essence of consumer behaviour which is not always based on rational thinking. Decisions taken by consumers are based on mental and social processes which precede their actions. Hence analysis of consumer decision making process must take into account the factors of external influence such as social perception, cultural influence among others. Stages which are involved in buyer’s decision making process are:
Frame work followed for gathering consumer responses
Type of brand used
1. Fair & Lovely
2. Lotus
3. Ponds
Desired attributes of the product
1. Instant effect, Non stickiness, Suitable for all age groups
2. SPF protection, price
3. Fragrance, Instant effect, Popular brands
Benefits of using the product
1. Skin lightening
2. Less sweating and tanning
3. Soft and supple skin
Factors influencing purchase decision
1. Discounts & Schemes, Reference from friends
2. Celebrity endorsements
3. Catchy ads and endorsement by celebrity one identifies with
Occasions or seasons of maximum product utility
1. Seasonal variants- Winter – Moisturiser , Summer – sun block lotion
2. When travelling outside
3. Daily care, function, parties
Frequency of product use
1. Twice a day, after bath and before going to bed
2. Once a day
3. Twice a day, morning and night
Consumption pattern of product
1. 1 tube of 200ml for 3 months
2. 1 tube of 175ml for 3 months
3. 1 bottle for 6 months or till expiration
Decision for switching or not
1. Switched to Nivea but not happy with the result, so switched back
2. If similar product is less priced
3. Explore to seek better products
Place of purchase
1. Not fixed but mostly big bazaar
2. General stores
3. Health & glow since it has many options and all latest products
Category of product preferred
1. General, not herbal
2. Ayurvedic product
3. Anything but herbal as I don’t trust herbal companies
Trigger for using this product
1. To cure aging and rough skin
2. To cure tanned skin
3. To manage dry skin
Drawbacks of the current product
1. Fragrance not strong
2. Not easily available
3. Does not provide complete care
Analysis of Consumer Responses Collected
Problem recognition: Perceiving a need
Need to Tackle skin care related problems such as fairness, tanning, aging skin, roughness and dryness
Customer Perceived benefits of increased confidence, appeal to opposite gender
Information Search: Seeking Value
Instant effect, non-stickiness, possibility of use between different age groups (Mother & Daughter), value for money, fragrance are values customers seek in their product
Evaluation of Alternatives: Assessing value
Available products are evaluated based on nature of product, whether herbal, ayurvedic or chemical
Availability of cheaper alternatives, attitude to explore different products to seek better value
Purchase Decision: Buying value
Decision of customers is based on seasonal discounts on products, catchy ads, ability to identify with celebrity endorsing the brand, reference from friends, peers, family etc
Accessibility and availability of products based on user consumption pattern
Post purchase Behaviour: Value in Consumption or use
Evaluation of satisfaction level with current product
Assessing drawbacks such as fragrance, need for multipurpose etc
Implications for Marketing Decisions
From above analysis we can infer that below factors play a major role in decision making for consumers:
Personal
Psychological
Social
Personal Factors:
Buyer decisions are dependent on gender, demographics, Age etc
Income level and family background of buyer
Implications:
1. Pricing of the product must be in line with the income level of target consumers
2. Promotions must emphasize on the gender, demographic related benefits Psychological Factors:
Product value proposition of individual varies such as one might look for brand association and other might consider realised benefit such as fair skin
Implications:
1. Segmentation of customers based on their value proposition they realise such as pride of being associated with a brand, effectiveness of brand etc 2. Promotions to underline their need for affiliation with celebrity brand endorsements, catchy ads
Social Factors:
Decisions influenced by popular opinions, reference groups, class and culture
Implications:
1. Product promotions should center around affiliations for social groups such as different products for different age groups, cater to aspirations of different class of people for example fair and lovey for middle class etc