2019-22 Project Report On: “IMPACT OF BANDWAGON EFFECT IN CONSUMPTION OF MOBILE PHONES” IN PARTIAL FULFILMENT OF THE REQUIREMENTS OF BACHELOR OF COMMERCE (HONOURS’) ST. ALOYSIUS' COLLEGE (AUTONOMOUS), RANI DURGAWATI VISHWAVIDHAYALA, JABALPUR, (M.P) Submitted to: Dr. Surbhi Jain. Mr. Harbaksh Molchandani. (Department of commerce) Submitted by: Ashish Singh B.Com.(Hons’) Enrolment No. R19017A0410038 Admission No. 45079 CERTIFICATE This is to certify that the Project Report entitled,” Impact of Bandwagon Effect in consumption of mobile phones” which is being submitted herewith for the award of the degree of Bachelor of Commerce, RDVV Jabalpur by MR. ASHISH SINGH of B. Com Honours Final Year is done under our supervision and guide. Date: GUIDE Dr. Surbhi Jain Mr. Harbaksh Molchandani DECLARATION I Ashish Singh, do hereby declare that the project entitled “Impact of Bandwagon effect in consumption of mobile phones” is an original work carried out by me under the guidance of Dr. Surbhi Jain and Mr. Harbaksh Molchandani in a partial fulfilment of Bachelor of Commerce (Honours’), RDVV Jabalpur for the assessment year 2021-22. All the Date represented in this project are true and correct to the best of my knowledge and belief. This work has not been submitted for any other degree or exam anywhere else. Date: Place: Jabalpur Ashish Singh signature: ACKNOWLEDGEMENT A project is a result not only of the student who prepared it, but also the combine effort of the faculty guide, staff and members of the institute where the project is done and most importantly the advisor who gives the final touch. First of all, I would like to thank Rev. Dr. G. Vazhan Arasu (Principal) Dr. Sonal Rai (Dean) Dr. Roopali Ahluwalia (H.O.D Commerce Dept.) of St. Aloysius College Jabalpur for his whole hearted support. On the successful completion of my project report, I would like to express my heartfelt gratitude to Mr. Harbaksh Moolchandani Dr. Surbhi Jain without whose help and kind co-operation this work would not have been possible. Submitted by: Ashish Singh B.Com.(Hons’) Enrolment No. R19017A0410038 Admission No. 45079 Table of Contents Chapters 1 Content Introduction 1.1. 1.2. 2 3 4 5 What is marketing? Marketing research Why is marketing important? What is Bandwagon Effect? Review of Literature Research Methodology 3.1. 3.2. 3.3. 3.4. 3.5. 3.6. 3.7. 17-23 24-26 Objectives of the study Limitations Need for study Hypothesis Data type Sample size Tools used for data analysis Data Analysis and Interpretation Findings, Suggestions and Conclusion 5.1. 5.2. Page no. 06-16 27-33 34-36 Suggestions Conclusion Refrences Questionare 37 38-39 CHAPTER 1: INTRODUCTION The bandwagon effect is used to create popularity for a product which is already or is about to be introduced into the market. It is most commonly seen in politics and consumer behaviour especially while buying mobile phones. So the present study examines the various factors that affect bandwagon consumption behaviour, and different from others during the purchase and usage of a product. Status Consumption- which refers to the process of buying a particular product just because it has a status or it increases the status. Susceptibility to normative influence-which refers to the process whereby the consumers will alter their choices when the purchase decisions are being observed by others. In today’s world there is high competition among mobile phone companies wherein Bandwagon effect plays a very prominent role for survival in the market place. Before coming to the main point of the study i.e. The Bandwagon Effect in Marketing, we shall go through the brief cosmos of marketing so let’s start. The bandwagon effect is the term used to describe the tendency for people to adopt certain behaviours, styles, or attitudes simply because others are doing so More specifically, it is a cognitive bias by which public opinion or behaviours can alter due to particular actions and beliefs rallying amongst the public. It is a psychological phenomenon whereby the rate of uptake of beliefs, ideas, fads and trends increases with respect to the proportion of others who have already done so. As more people come to believe in something, others also hop on the bandwagon" regardless of the underlying evidence. Following the actions or beliefs of others can occur because individuals prefer to conform, or because individuals derive information from others. Much of the influence of the bandwagon effect comes from the desire to ‘fit in’ with peers; by making similar selections as other people, this is seen as a way to gain access to a particular social group. An example of this is fashion trends wherein the increasing popularity of a certain garment or style encourages more people to "get on the bandwagon." When individuals make rational choices based on the information they receive from others, economists have proposed that information cascades can quickly form in which people decide to ignore their personal information signals and follow the behaviour of others. Cascades explain why behaviour is fragile as people understand that their behaviour is based on a very limited amount of information. As a result, fads form easily but are also easily dislodged. The phenomenon is observed in various fields, such as economics, political science, medicine, and psychology. In social psychology, this tendency of people to align their beliefs and behaviours with those of a group is also known as 'herd mentality' or 'groupthink'. The reverse bandwagon effect (also known as the snob effect in certain contexts) is a cognitive bias that causes people to avoid doing something, because they believe that other people are doing it. What is Marketing? Marketing refers to any actions an organization takes to draw in an audience to the company’s product or services through high-quality messaging. Marketing aims to deliver standalone value for prospects and consumers through content, with the long-term goal of demonstrating product value, strengthening brand loyalty, and ultimately increasing sales of the merchandise. The definition of marketing is the action or business of promoting and selling products or services, including market research and advertising. Today, marketing is something that every company and organization must implement in its growth strategy. Many companies use marketing techniques to achieve their goals without even realizing it, as they work to promote themselves and increase sales of their product or service. These days, marketing is one of the key aspects of business. People often do not know exactly what marketing is and, when asked, they define it as selling or advertising. While these answers are not wrong, they are only a part of marketing. There are many other aspects to marketing like product distribution, promotion, designing and creating materials like landing pages and social media content, improving customer experience, doing market research, establishing market segments, and much more. Marketing is very broad and encompasses all the strategies that help a company, brand, or individual achieve their objectives. Definition of marketing. Marketing is the activity, set of institutions, and processes for creating, communications, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. (Approved 2017) The 4Ps The four Ps of marketing are the most important aspects of selling a product or service. They are a good or service’s product, pricing, location, and promotion. The four Ps, often known as the marketing mix, are influenced by both internal and external elements in the broader corporate environment, and they interact heavily. 1.Product A product is a good or service that a business provides to its clients. A product should, in theory, satisfy an existing consumer demand. Alternatively, a product may be so attractive that buyers believe they need it, resulting in a new demand. Marketers must understand a product's life cycle in order to be effective, and business executives must have a strategy for dealing with products at all stages of their life cycle. The sort of product also influences how much a company can charge, where it should be placed, and how it should be promoted in the marketplace. 2.Price The price of a product is the amount that customers pay for it. Marketers must link the pricing to the product's actual and perceived worth, as well as supplier costs, seasonal reductions, and rival prices. Business executives may boost the price to give the goods the illusion of being a luxury item in specific situations. Alternatively, they may reduce the price to encourage more people to try the product. 3.Place When a corporation makes location selections, it's trying to figure out where they should sell a product and how to get it to the market. Business leaders' ultimate goal is to bring their items in front of the customers who are most likely to buy them. 4.Promotion Advertising, public relations, and promotional strategy are all examples of promotion. The purpose of product promotion is to show customers why they need a product and why they should spend a given price for it. The History of Marketing Do you know how marketing has evolved over time? Not too long ago, marketing mostly consisted of outbound marketing, which meant chasing potential customers with promotions without really knowing if that person was interested in purchasing. Thanks to the digital transformation and the rise of new communication channels, marketing has drastically changed over the years. To understand how marketing has changed, let’s take a look at this timeline Hub Spot has assembled showcasing the innovations of this industry. 1450-1900: Printed Advertising 1450, Gutenberg invents the printing press. The world of books and mass copies is revolutionized. 1730, the magazine emerges as a means of communication. 1741, the first American magazine is published in Philadelphia. 1839, posters become so popular that it becomes prohibited to put them in London properties. 1920-1949: New Media 1922, radio advertising begins. 1933, more than half of the population in the United States (55.2%) has a radio in their home. 1941, television advertising begins. The first advertisement was for Bulova watches and reached 4,000 homes that had television. 1946, more than 50% of the homes in the United States already had a telephone. 1950-1972: Marketing is Born and Grows 1954, for the first time revenue from television advertising surpasses revenue from radio and magazine ads. Telemarketing grows as a means of contacting buyers directly. 1972, print media suffers an exhaustion of the outbound marketing formula. 1973-1994: The Digital Era Flourishes 1973, Martin Cooper, a Motorola researcher, makes the first call through a cell phone. 1981, IBM launches its first personal computer. 1984, Apple introduces the new Macintosh. 1990-1994, major advances in 2G technology, which would lay the foundation for the future explosion of mobile TV. 1994, the first case of commercial spam through e-commerce is produced. 1995-2020: The Era of Search Engines and Social Media 1995, the Yahoo! and AltaVista search engines are born. 1995-1997, the concept of SEO is born. 1998, Google and MSN launch new search engines. 1998, the concept of blogging arises. By mid-2006, there are already 50 million blogs worldwide. 2003-2012, the era of inbound marketing begins. 2003-2004, three social networks are launched: LinkedIn, Myspace and Facebook. 2005, the first video is posted on YouTube 2006, Twitter is born. 2009, Google launches real time searches. 2010, 90% of all American households have a cell phone. Instagram is created in October 10. Young people between the ages of 13 and 24 spend 13.7 hours on the Internet, compared to 13.6 hours watching television. 2011, Snapchat is created, driving even more young users to their phones and fueling the social media app craze. 2012, there are already 54.8 million tablet users. 2014, the rise of influencer marketing begins. Users and brands alike begin to realize the power of social media users with large followings. Marketing tools for Instagram and other platforms abound 2014, for the first time ever mobile usage outweighs desktop usage. More users are checking social media, reading emails, and making purchases on their phones. 2015-2016, big data and marketing automation are explored and used more robustly to advertise to users. 2018, video marketing continues to grow, especially with Instagram’s launch of IGTV. Video content is no longer just limited to YouTube and Facebook. 2019-2020, Move over millennials! Gen Z is the new focus and they have a hot new app: TikTok. It will be interesting to see where marketing continues to grow. With new world events, like the COVID-19 crisis of 2020 causing millions of people to stay indoors, social media and marketing trends are sure to change, and we’ll be right here to track them. 1.1 Marketing Research Marketing research is the function that connects the consumer, customer, and general public to the marketer through data-data that is used to identify and define marketing opportunities and problems, generate, refine, and evaluate marketing actions, track marketing performance, and improve understanding of marketing as a process. Marketing research defines the information needed to address these issues, plans the data collection process, oversees and implements it, analyses the results, and conveys the findings and their consequences. There are as many fish in the sea as there are definitions of marketing. So, how do you explain marketing? At a fundamental level, marketing is the process of understanding your consumer as well as building or maintaining customer relationships. We have dug out a few quotes from the World Wide Web to give you a better idea of what marketing actually is. Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. — American Marketing Association According to Philip Kotler, the "Father of Modern Marketing", it is ... ...the science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit. Marketing identifies unfulfilled needs and desires. It defines, measures and quantifies the size of the identified market and the profit potential. It pinpoints which segments the company is capable of serving best, and it designs and promotes the appropriate products and services. Marketing research is the systematic gathering, recording, and analysis of qualitative and quantitative data about issues relating to marketing products and services. The goal is to identify and assess how changing elements of the marketing mix impacts customer behaviour. This involves specifying the data required to address these issues, then designing the method for collecting information, managing and implementing the data collection process. After analysing the data collected, these results and findings, including their implications, are forwarded to those empowered to act on them. Market research, marketing research, and marketing are activities; sometimes these are handled informally. a sequence of business The field of marketing research is much older than that of market research. Although both involve consumers, Marketing research is concerned specifically about marketing processes, such as advertising effectiveness and salesforce effectiveness, while market research is concerned specifically with markets and distribution. Two explanations given for confusing Market research with Marketing research are the similarity of the terms and also that Market Research is a subset of Marketing Research. Further confusion exists because of major companies with expertise and practices in both areas. Why is Marketing research so important? Firstly, we should clarify “What is Market Research?” It can be described as the action of gathering, analysing and interpreting information to help solve marketing challenges. We use market research for a variety of reasons, it helps us make educated decisions for example determining the feasibility of launching a new product before dedicating time and budget into the new venture. Market research is a vital element when developing your marketing strategy. When done correctly it can help to enlighten your marketing activities – such as understanding the requirements of your target audience, helping to understand what key messages you should convey and how to convey them. It should be treated as an ongoing activity – you should always be learning about your business environment, your customers and their needs and preferences. The environment is constantly changing so it’s important to make sure you are researching it and understand what factors are changing that could impact on your marketing plans. Without market research we are reliant on instinct and anecdotal information to make key business decisions, this is not always accurate. Why is Marketing important? Marketing aids in the increase of sales: One way to provide information to customers is through marketing. Customers will have a better understanding of what your product is all about if you do it this way. They will also be aware of the advantages of purchasing your goods. Marketing informs a large number of people about a certain product. Your sales will rise if customers are well-informed about your product. Marketing generates revenue opportunities: Many businesses benefit greatly from marketing when it comes to generating cash. It occurs when diverse marketing methods are used by different business sectors to boost profits. Reducing product costs is one strategy to boost profit. As a result, a large number of buyers will purchase the product. Reduced product costs will attract more potential buyers, resulting in increased sales. It's preferable to make smaller profits but have more constant sales. Running media commercials and promos is another strategy to boost revenue. It's the simplest way to get the word out about your items. Improve your company's objectives: A company's success is determined by its aims and objectives. Marketing may assist a company in determining its objectives. The popularity of their brand will increase as a result of using specific marketing methods. This will encourage the company to preserve its good name. They will now establish clear goals and objectives so that their personnel are aware of their objectives. These objectives will also be met by their intended audience. Build Your Brand's Reputation: Another advantage of using marketing methods is that you may establish a reputation for your company. However, it is critical to ensure that you are providing your target market with high-quality, helpful products. You will not only establish an amazing reputation for your goods, but also for your brand, in this manner. Makes it easier to make decisions: When a company engages a market specialist, they will do all possible to increase product sales by implementing effective marketing strategies. Knowing your audience is the first step in carrying out these activities. When a corporation has a complete understanding of its target market, it can better decide what lines and details to use to persuade people to buy their products. The corporation will collect many tag lines from which to choose. Marketing will assist them in determining what suits and works best for the consumers. Market research is a systematic process of collecting, analyzing and interpreting information. The information could be about a target market, consumers, competitors and the industry as a whole. This is the foundation of any successful company. The research has a number of different purposes – from identifying a new market to launching a new business. Market research helps entrepreneurs make well-informed decisions. It can take the guesswork out of innovation, and funnel resources into ideas and projects that hold the most potential. Businesses at different stages of growth carry out market research for different reasons. There is a list of ways of how businesses can use market research: Determine the feasibility of a new business. If market research indicates there’s little or no demand for the product or service, the business is unlikely to succeed. Identify and develop potential new markets. Keep close tabs on marketing trends and develop strategies on how to stay ahead or adapt to changing market conditions. Test the demand for new products or features. Ensure optimal product placement – how, when and where should a product enter the market. Improve and innovate their business. You can identify issues with certain business aspects such as customer service early. This can help companies overcome costly disruptions later. Boost the success of their promotional campaigns. By gauging customer sentiment and understanding the perception of their brand, businesses can better shape their branding and marketing strategies. 1.2 What is Bandwagon effect? Starting from the very fundamentals The bandwagon effect is a psychological phenomenon in which people do something primarily because it is being done by others, regardless of their own convictions, which they may disregard or overcome. A herd mentality refers to people's inclination to align their thoughts and behavior with those of a group. The term "bandwagon effect" comes from politics, although it has a wide range of applications in consumer and investing behavior. During bull markets and the expansion of asset bubbles, this tendency can be observed. The expression "Jump on the bandwagon" refers to the phenomena of more and more people following the trending habit. The decorated wagon used to transport the performing band in circuses or entertainment events is referred to as a bandwagon. The name was coined in the United States in the mid-nineteenth century. Later, the use of a bandwagon to transport politicians during political campaigns became more common since it created an environment in which people desired to join. Zachary Taylor's presidential campaign used the bandwagon to disseminate the phrase "Jump on the bandwagon" for the first time. Below are some examples of the Bandwagon Effect: Diets: When it seems like everyone is adopting a certain fad diet, people become more likely to try the diet themselves. Elections: People are more likely to vote for the candidate they believe would win an election. Fashion: Many people start wearing a particular style of clothing after seeing others do so. Music: As more people become aware of a certain song or musical group, the likelihood of others being aware of it increases. Social Networks: As more people begin to use specific online social networking websites, other people are more likely to start using such sites as well. The bandwagon effect can have an impact on how posts are disseminated and how people participate in online groups. 1.3 Using the Bandwagon effect in marketing. Make yourself appear popular by employing scarcity methods: Perceived popularity is a key driver of the bandwagon effect. One of the most commonly employed advertising tactics in digital marketing is to make your brand appear to be very popular and to be the choice of many other people. To encourage purchase behavior, limit availability in-store. It's the same feeling you get when you see on a hotel reservation that there's only one room left! You want to book not just because of the urgency, but also because of the perceived popularity, which leads you to believe it is a smart choice. Dominate the market: Also known as the "simple exposure effect." The more people who see your brand, the easier it will be for them to recognize it, and the more popular it will appear to them. The more people who think it's popular, the bigger the effect, which means sales will skyrocket. To return to the hotel example, any decent vacationer would scour numerous platforms for the greatest bargain; it should come as no surprise that if the same hotel is offered on booking.com, Trivago, Expedia, and other sites, the vacationer will be more tempted to book that specific hotel. Dominate conversation and be the center of attention. Involve your business in broader conversations, such as on social media, to encourage shoppers and consumers to 'jump on the bandwagon.' On social media sites like Instagram, the bandwagon effect is in full swing, with influencers generating millions by becoming trend setters and inspiring others to follow suit. Luxury hotels even give these influencers complimentary overnight stays in exchange for sharing photographs of the hotel rooms and services with their followers, urging them to actually follow in their footsteps. Appear trusted: Include client testimonials and corporate logos to show off satisfied consumers, as well as vital statistics to back up case studies and demonstrate your worth. This is highly successful when it comes to converting your target demographic, especially in online sales situations. Once again, the hotel business excels at this; every listing on booking.com has hundreds of customer evaluations. 1.4 The dangers of Bandwagon Effect. What works for the majority might not work for you? Because there is no such thing as a onesize-fits-all approach to life, basing decisions and behaviors on socially accepted 'norms' may be counterproductive to your own wants and ambitions. The following are three key characteristics of this: Although soliciting comments and investigating other people's perspectives might aid in the development of a well-rounded assessment, only you will completely grasp your position. It is critical that we should not place too much trust on public opinion and instead assess the worth of ideas and behaviors for ourselves. Judging ideas and behaviors on merit rather than popularity can help us improve our critical thinking skills, which is a skill that can be used to any situation. How to conduct marketing research? You should always ensure the end goals and objectives are clear. Your target audience, business objectives, challenges and end customer should be at the heart of it. Set out clear objectives and goals before beginning the research. Identify your target audience and market size. Make sure your sample size is representative of the audience you are targeting. This means there should be enough respondents in the research sample that reflect, as accurately as possible, the larger target audience population. Choose the most suitable market research and data collection methodologies based on objectives. Create your research questions – this is applicable regardless of which data collection method you choose. Ensure the questionnaire is neutral and is not leading. Remain impartial throughout the process. Build in questions that validate other parts of the questionnaire. In a qualitative focus group setting include open ended questions and allow for flexibility for respondents to freely speak on a topic that might not have been covered in the questionnaire. Once data have been gathered employ robust analysis skills to interrogate and decode the findings. When research findings are determined, make sure to not take these in isolation. Examine the macro environment also (such as language, cultural, economic, political situations) to validate the findings. 1.5 How can consumers avoid The Bandwagon Effect. While we may never be able to totally eliminate the bandwagon effect, we may be able to mitigate it: Allowing time between perceiving social signals and making our own decision can help us think more critically and prevent us from hastily embracing an idea or behavior that isn't morally or situationally appropriate. Making decisions on your own - of course, get opinions from others, but assess them on your own time and make your final decision in an environment where you are not harassed by others. Consider alternate possibilities - don't be scared to go against popular opinion; you might just discover that the best solution is the polar opposite of what everyone else is doing or thinking. Sources of Primary Market Research Primary research is often more expensive and time-consuming. But it is the best way to get the information that your business needs. The most popular primary research tools are: Customer surveys. Surveys conducted via phone, in person, on paper or using an online survey software like Survey Monkey, are hugely informative. It’s a list of questions crafted in a way that gives you the best possible insight into how a customer feels about your product or service, your brand and the experience you provide. It can be as broad or as specific as you want. In-depth interviews. Carried out either by phone or face-to-face, in-depth interviews give you an opportunity to ask more probing questions. You can also follow-up with an interviewee wherever necessary to obtain satisfactory answers. Focus groups. A focus group is an organized session with a group of 6-8 people that share some common characteristics. These characteristics include age, location, buying habits, etc. They will participate in a discussion of a predefined topic led by a moderator. It’s an expensive but effective method of getting feedback on bigger scale upgrades, product features or new products. Observation. It involves watching or video-recording how consumers interact with a product or service in a natural setting. Although a time-consuming method, it has the advantage of providing unbiased research. This is because consumers are not under any pressure and will behave naturally. CHAPTER 2: REVIEW OF LITERATURE A literature review is an examination of scholarly sources on a particular subject. It gives you a broad perspective of current knowledge, helping you to spot pertinent ideas, methodologies, and research gaps. This section presents the review of relevant literature concerning the variables considered in the study. Purchase Intention Warshaw and Davis (1985) stated that purchase intention is an advance plan to purchase certain products or services in future which may not always lead to actual buying due to the influence of various factors that influence the ability to perform. Similarly, Dodds and Monroe (1985) stated that purchase intention is a behavioural tendency of a customer who intends to purchase a product. In other words, what the consumer think and will buy in their mind represents the purchase intention (Blackwell, et al., 2001). Purchase intention thus can help in determining the future purchase actions of buyers. As per Dodds, et al., (1991), purchase intention measures the possibility of a consumer’s lead to purchase action. Schiffman and Kanuk (2000) also expressed similar view by stating that, there is a high possibility to purchase a particular product when the purchase intention is stronger. In alignment with the consumer decision making process, purchase intention indicates that consumers will go through the various stages of the decision making process: need recognition, information search through external environment, evaluation of alternatives, make purchase decisions and post-purchase experience (Zeithaml, 1988; Dodds, et al., 1991; Schiffman & Kanuk, 2000). Purchase intention is one of the common effectiveness measures and is often used to anticipate response behaviour (Kotler, 2000). For marketers, purchase intention helps them in market The Sankalpa: International Journal of Management Decisions, Vol.4, Issue 1 segmentation and targeting along with helping them in making crucial product decisions like where the product should be launched (Sewall, 1978; Silk & Urban, 1978). Thus, purchase intention is a considerable index to predict consumer’s behaviour (Xie & Chaipoopirutana, 2014) and it can be used for future demand prediction too (Armstrong, et al., 2000). Finally, purchase intention is a common effective measure used to foresee a response behaviour (Li and Biocca, 2002) and it has been linked to various other important variables by various researchers. Studies have discovered a positive relationship existing between purchase intention and relative advantage, price, social influence and product compatibility (Juha, 2008; Joep et al., 2011; Yue & Stuart, 2011). Price Price is one of the most important hints in the marketplace (Chew et al., 2012). Price will always be the key concern of consumers’ before making any purchasing decision (Smith & Carsky, 1996), and its dynamics can be explained form the viewpoint of economics and consumer elements. From the economic perspective, price is rep- resented as constraint to be trade-off products for each unit with maximum utility, in a marketplace where there is no hidden information while exchanging products. Nagle and Holden (2002) also stated similar viewpoint by stating that price plays an important role as a monetary value whereby the consumers to trade it with the services or products that were being sold by the sellers. The issue of price has been discussed as critical factor requiring consideration with limited budget on purchase intention (Erickson & Johansson, 1985). As per Mitra (1995), price can be thought as information embedded in intrinsic attribute information. When consumers purchase a product they establish a set of acceptable price range for that particular product and as per Dodds (1991), purchase intention tends to be reduced when the actual price on products is higher than acceptable price range and vice versa. In alignments with this viewpoint, Peter (1969) also stated that if the price is lower than the acceptable price range, consumers will lack the confidence towards the products quality. The level of price is found to have positively affected the behavioural intentions mainly because price establishes image of the brand in the eyes of the consumers (Aaker, 1991). In a consumer’s logic, a high (low) price connotes a high (low) quality and image (Chow, et al., 2012). The earlier statement Sthapit et al., Impact of product-related and social factors .... | 119 aligns with the findings of Jacob and Olson (1977), who argued that the price is a signal to simulate the consumer ‘s perception on purchasing products and the price can reflect psychology response on consumer’s mind after contacting price. Simultaneously, the consumer makes decision whether to buy the product or not based on integration of all information available. The price is a helpful sign to deduce by consumer in relation to products (Erickson & Johansson, 1985). Price is estimated by perceived quality and perceived sacrifice (Monroe & Krishnan, 1985) implying that high price results in high product quality and eventually enhancing purchase intention directly. In the nut shell, the price of a product is one of the most important marketing mix tools which are currently used excessively to attract consumers to a certain product/service or store and is a psychological construct that is not only relevant to retailer success but also relevant to consumers for making buying decision (Evanschitzky et al., 2004). Perceived Quality Aaker and Gray (1982) defined perceived quality as the consumers’ perception of the superiority or overall quality of a service or product with respect to its intended purpose. Zeithaml (1988) also defined perceive quality as a consumer’s subjective evaluation of the product and as a customers’ expectations and judgments about the performance of products. Perceived quality is the estimation made by the consumer relying on the whole set of basic as well as outer dimension of the product or the service (Grunert et al, 2001). Perceived quality is often associated with brands and the brand name has direct influence on customer’s perception toward the quality of the offering (Lay-Yee et al., 2013). The study further stated that experienced consumers can give a reason why they want to repurchase a particular product and can differentiate among competitive brands. Olshavsky (1985) and Rowley (1998) view quality as a form of an overall evaluation of a product. Similarly, Holbrook and Corfman (1981); Rowley (1998) suggested that quality would act as a tool to infer about relative value judgment. The above definitions of perceived quality (quality) are based on the user-based approach (Garvin, 1983). As per Garvin (1983) there are mainly two basic approaches to quality discussed as product-based quality; referring to the amounts of specific attributes or 120 | The Sankalpa: International Journal of Management Decisions, Vol.4, Issue 1 ingredients of a product, and manufacturing-based quality; referring to conformance of manufacturing specifications or service standards. In relation to purchase intention, perceived quality is one of the important factors affecting the buying decision of the customer and directly influences the purchase intention (Recker et. al., 2015). As per Saleem et al. (2015), initially customers have some perceptions about the product quality, price and styles before going to purchasing the product and after using the product, purchase intention increases as well as decreases because of the direct interaction with the product, thus these variables having a mutual effect on each other. Country of Origin Country of origin (COO) is defined as “the country of manufacture or assembly” (Bilkey & Nes, 1982; Han & Terpstra, 1988), it can be identified by “made in” or “manufactured in” labels (Nagashima, 1970). With the trend of globalized production system and emergence of multinationals, country of origin is referred to the country where corporate headquarters of the company marketing the product or brand is located (Erickson & Johansson, 1985). According to Nagashima (1970), COO is defined as “the picture, the reputation, and the stereotype that businessmen and consumers attach to products of a specific country. This image is created by such variables as representative products, national characteristics, economic and political background, history, and traditions.” Country of origin is one of the extrinsic cues of a product which may be used in the consumer product evaluation process (Erickson & Johansson, 1985), and may become part of a product’s total image (Eroglu & Machleit, 1989). From previous research, COO has both direct and indirect effects on product evaluation. COO can act simply as an attribute of the product and be utilized in much the same way as other more specific attributes to arrive at product evaluation (Hong & Wyer, 1989), when consumers are familiar with the product (Maheswaran, 1994) and attributes information is unambiguous. Also, a product’s country of origin can stimulate subjects’ interest in the product and consequently, leads them to think more extensively about product information and its evaluation implications. Hong and Wyer (1989) further state that country image can be used as signal to infer products’ quality directly without considering Sthapit et al., Impact of product-related and social factors .... | 121 other attribute information thus affecting the purchase intention. Country image is consumers’ general perceptions of quality for products made in a given country (Han, 1989). This signalling effect of country of origin can be classified as halo and summary constructs (Erickson et al., 1984). For halo effect, consumers infer product quality from country image and country image directly affects consummers’ belief of product attributes, thus indirectly influencing the overall product evaluation through these beliefs (Erickson & Johansson, 1985; Han , 1989). For summary construct, consumers organize country-specific information by generalizing the product information about brands with the same country of origin to such an extent that the brands are perceived to have similar attributes (Han, 1989). As Concluded by Kaneswaran (1994), COO is used in product evaluation as a stereotyping process that allows consumers to predict the likelihood of a product manufactured in a certain country having certain features. Product Features Feature is a characteristic of a product or service to meet the satisfaction level of consumers’ needs and wants, which comes with the ownership of the product, usage, and utilization of the product; and smart -phone features includes hardware and software (Lay-Yee, et al., 2013). Smart-phone feature is the most important factor affecting the consumer purchase decision (Osman, et al., 2011). Social Influences In the context of virtual community, social influence has direct impact on purchase intentions on the product/service promoted in the community (Bickart & Schindler, 2001). The concept of customer intention is dominantly based on the ‘Theory of Reasoned Action (TRA)’, which accounted for social influence effects on intentions by the inclusion of the subjective norm concept (Fishbein & Ajzen, 1975). The notion that humans are influenced by the choices, behaviours and also belief of others has become nearly obvious across the social sciences and has been summarized in multiple terms like social influence; social proof; peer pressure; bandwagon effects; conformity; herding (Cialdini & Goldstein, 2004). The impact of social influence has been demonstrated in countless domains, including littering (Cialdini et al., 1990), voting (Gerber et al., 2008), donating to charities (Reingen, 1982), expressing prejudice (Apfelbaum, et al., 2008), Compatibility Compatibility is an important concept in the market with high level of demand externalities and fluctuating purchase intention of the customers (Gatignon & Robertson, 1991). In the case of technical products like smart-phones compatibility is an important factor influencing the customers’ perception and purchase intension (Kaushal & Kumar, 2017). A compatible product enables customers to design their lifestyle closer to their expectation and preferences (Farrell & Saloner, 1985). Review of Related Studies In regard to purchase intention of smart-phones and purchase behaviour, research done by Coelho et al. (2013) validated that the intention of a consumer to purchase a private label smart-phone positively influences the consumer’s purchase decision, thus validating the significance of purchase intention. While in concern to price, quality, country of origin, product feature, social influence, compatibility and smart-phone purchase intention of the buyers, there are several researches that indicate positive relationship between these variables individually or in a group. Chow et al., (2012) in the Malaysian context found that Price, Compatibility and Social Influence had positive impact on the buyers Purchase Intention of smart-phones, while Relative Advantage had negative impact . Similarly, Lay, et al., (2013) found significant relationship between the independent variables: price concern, product feature concern and social influence concern with smart-phone purchase decision of Generation-Y in the Malaysian context. Sthapit et al., Impact of product-related and social factors .... Further, Juwaheer et al. (2013) in Mauritian context revealed that young customers identified pricing as a key determinant while selecting mobile phones and further unveiled that mobile phone features and young consumers’ lifestyle had significant impact on mobile phone selection. Another Malaysian study by Ibrahim, et al., (2013) analysed the antecedents that shaped the consumers’ purchase intention of smart-phone expressed similar viewpoint as the above-mentioned research works in regard to the influence of social influence on purchase intention of smart-phone buyers. The study posited that social influence significantly would influence smart-phone purchase intention of young adults. However, the same research showed that relative advantage, price and compatibility were insignificant towards their purchase intention. Social influence makes higher impact than such other factors as relative advantage, price, and compatibility in attracting young people to make a purchase of smart-phones (Ibrahim et al., 2013). In addition, a Pakistani study by Arif and Aslam (2014) found significant relationships existing between the independent variables (viz., social influence, social need and convenience), and purchase behaviour (dependent variable). Social need, social influence and convenience were used to assess students’ dependence on smart-phone and purchase behaviour was measured by taking students' dependence as independent variable (Arif & Aslam, 2014). In concern to Perceived Quality and Purchase Intention of Smart-phones, research conducted by Naing and Chaipoopirutana (2014) in Myanmar pointed out that these variables had moderate positive relationship between them and indicated that perceived quality is one of the major influencing factors for consumers’ smart-phone selection process. A higher perceived quality of the smart-phones means that the buyers’ purchase intention of that product is also higher (Naing & Chaipoopirutana, 2014). In relation to country of origin (COO) and purchase intention research done in the Iranian context by Hanzaee and Khosrozadeh (2011) showed that COO had a significantly positive impact on purchase intention. If a country of origin image is positive, marketers should take advantage of it and include the features of COO image in their advertising strategies (Hanzaee & Khosrozadeh, 2011). Similar conclusion was reached by other Iranian researchers Ghalandari and Norouzi (2012), while studying the role of product knowledge on the 124 | The Sankalpa: International Journal of Management Decisions, Vol.4, Issue 1 relationship between COO and purchase intention of mobile phones. Among 154 Korean respondents, Chen and Kang (2012) tried to understand the perspective regarding ethnocentrism, brand country of origin image, perceived quality and purchase intention of smart-phone brands, and concluded that the level of brand country of origin image had a significant effect on the purchase intention, apart from the perceived product quality significantly mediating the relationships between these two variables. In addition, researchers also related product feature of the smart-phone with its purchase intention and purchase demand of the smart-phones. According to Chow et al. (2012); who studied the factors affecting the demand of the smart-phone among young adult, product feature is one of the factors that affect the demand of the smart-phone. Similarly, research done by Chow et al. (2012) stated that the operating system of the smart-phone is an important feature influencing the buyers’ purchase intention of the smart-phone and further stated that the operating system enabled to attract consumers to switch their phones from traditional mobile phones to smart-phone. Further, Kaushal and Kumar (2017) in the Indian context found that among the independent variables: compatibility, dependency, social influence, relative advantage, convenience, product feature, price and brand name, only compatibility, dependency and social influence were significantly affecting the buyers’ intention to purchase smart-phones. Similarly, Haba et al., (2017) studied the factors leading to consumer perceived value of smart-phones and its impact on purchase intention of working professionals in Malaysian capital of Quala Lumpur by applying confirmatory factor analysis (CFA) and structural equation modelling (SEM) path analysis. The Malaysian study reported that social value and perceived ease of use had no effect on smart-phone purchase intention among Malaysian, but perceived usefulness, economic value and brand image had an indirect effect on smart-phone purchase intention. It is, therefore, relevant to investigate the factors affecting the purchase intention of smart-phone buyers in Nepalese capital city of Kathmandu According to a study conducted by Divya. M.Va (2018), there is no significant variation in bandwagon consumption behavior according on gender, marital status, economic level, and monthly family income. According to a study conducted by Zanele Mdlekeza (2014), his approach limited the presence of bandwagon luxury vehicle consumption across market categories. It was also discovered that bandwagon consumption occurs regardless of self-concept. As precursors of bandwagon consumption, the need for distinctiveness, status consumption, and vulnerability to normative influence were all validated. Inter-dependence managers affect bandwagon behavior the most, independence managers encourage snob behavior, and inter-dependence managers influence Veblin behavior, according to a study by Minas Kastanakis and George Balabanis (2012). According to Shayan Shaikh, Aneela Malik, M.S. Akram, and Ronika Chakrabarti's (2017) research, personality factors partially/fully influence the association between individuals' interdependent/independent orientation and bandwagon luxury brand consumption. According to a study conducted by Melike Altintas and Kenneth A. Heischmidt (2015), there is a minor difference in self-identity motives and luxury expenditure between men and women. Kastanakis and Balabanis’s (2012) study on bandwagon luxury consumption”, which examines the psychological factors involved in purchasing mass-appeal luxury products. Their study develops and empirically confirms a conceptual model that shows that bandwagon and snobbish buying patterns underlie the more generic conspicuous consumption of luxuries. In addition to status seeking, the self-concept orientation regulates which of these two patterns is more prominent. Both susceptibility to normative influence and need for uniqueness mediate the influence of self-concept. The modelled psychological constructs explain a large part of the variance in conspicuous luxury consumption patterns and can be used as input in the development of marketing strategies Wangsiu sunny Tsai et al (2014), found that social factors as well as psychological factors on Consumers Need for Uniqueness and susceptibility to normative influence were found to mediate the connection between cultural identification and consumption preferences CHAPTER 3: RESEARCH METHODOLOGY The research methodology establishes what research is, how it should be conducted, how progress should be measured, and what constitutes success. It provides us with a wealth of human knowledge, research tools, and tools to look at things objectively in life; it cultivates a critical and scientific attitude, disciplined thinking to observe objectively (scientific deduction and inductive thinking); and research skills, particularly in the 'information age'. The science of research technique is concerned with how research is carried out scientifically. It is a method of rationally solving a research problem in a methodical manner. Taking various actions, it also specifies how data is acquired in a given situation a study project. Why do you need a research methodology? The purpose of a research methodology is to explain the reasoning behind your approach to your research - you'll need to support your collection methods, methods of analysis, and other key points of your work. Think of it like writing a plan or an outline for you what you intend to do. When carrying out research, it can be easy to go off-track or depart from your standard methodology. Having a methodology keeps you accountable and on track with your original aims and objectives, and gives you a suitable and sound plan to keep your project manageable, smooth, and effective. What needs to be included? With all that said, how do you write out your standard approach to a research methodology? As a general plan, your methodology should include the following information: Your research method. You need to state whether you plan to use quantitative analysis, qualitative analysis, or mixed-method research method. This will often be determined by what you hope to achieve with your research. Explain your reasoning. Why are you taking this methodological approach? Why is this particular methodology the best way to answer your research problem and achieve your objectives? Explain your instruments. This will mainly be about your collection methods. There are varying instruments to use such as interviews, physical surveys, questionnaires, for example. Your methodology will need to detail your reasoning in choosing a particular instrument for your research. What will you do with your results? How are you going to analyze the data once you have gathered it? Advise your reader. If there is anything in your research methodology that your reader might be unfamiliar with, you should explain it in more detail. For example, you should give any background information to your methods that might be relevant or provide your reasoning if you are conducting your research in a non-standard way. How will your sampling process go? What will your sampling procedure be and why? For example, if you will collect data through carrying out semi-structured or unstructured interviews, how will you choose your interviewees and how will you conduct the interviews themselves? Any practical limitations? You should discuss any limitations you foresee being an issue when you’re carrying out your research. 3.1 Objectives of the study 1. To examine the factors affecting bandwagon consumption behaviour of mobile phones. 2. To analyse the nature of relationship between the factors affecting bandwagon consumption behaviour (consumer need for uniqueness, status consumption and susceptibility to normative influence and Bandwagon consumption behaviour). 3. To analyse the cause effect relationship between bandwagon consumption behaviour, and its factors (consumer need for uniqueness, status consumption and susceptibility to normative influence). 3.2 Limitations 1. The current study is limited to students, employees, and professionals in Chennai. 2. Because the sample size is small, the results may not be generalizable to the full population. 3.3 Need for study Everyone, from schoolchildren to senior folks, has begun to use mobile phones as a result of huge technological advancements and cost effectiveness. As a result, the mobile phone market is massive, with bandwagon consuming behavior playing a significant role. In this context, the current study looks at the various factors that influence bandwagon consumption behavior, as well as the relationship that exists between bandwagon consumption behavior and its antecedents, such as consumers' desire for uniqueness, status consumption, and susceptibility to normative influence. 3.4 Hypothesis H0: The buyers do not go beyond their budget while buying a mobile phone. H1: The buyers go beyond their budget while buying a mobile phone. 3.5 Data type The primary data was obtained for the purpose of the study. 3.7 Sample size The number of respondent chose randomly equals my whole population. The poll had a sample size of roughly 100 respondents. The respondents ranged in age from 18 to over-55 years old, with the young adults/youth (15 to 25 years old) providing the most responses with 50% of the population. Male respondents made up about 56% percent of the total, while females made up the rest. 3.6 Tools used for Data Analysis. Data used was primary. Data is shown in percentage from The data was tabulated, as well as the frequency distribution has been made. CHAPTER 4: DATA ANALYSIS AND INTERPRETATION Data interpretation is the process of reviewing data and drawing meaningful conclusions using a variety of analytical methods. Data interpretation aids researchers in categorizing, manipulating, and summarizing data in order to answer important questions. The significance of data interpretation is obvious, which is why it must be done correctly. Data is likely to come from a variety of sources, and it has a tendency to arrive in the analysis process in a random order. Data analysis is notoriously subjective. That is to say, the nature and objective of interpretation will differ from one company to the next, and will most likely be related to the data being studied. The two broadest and most common categories are "quantitative analysis" and "qualitative analysis." While there are several different types of processes that are implemented based on individual data nature, the two broadest and most common categories are "quantitative analysis" and "qualitative analysis." TABLE 1 Demographic profile S.No. 1. 2. 3. 4. 5. S.No. Percentage 50 37 3 6 4 Percentage S.No. 1. 2. 3. 4. Marital status Married Widower Divorced Single Percentage 27 0 1 72 S.No. 37 27 16 6 7 1. 2. 3. 4. 5. 6. S.No. 1. 2. 3. 4. 5. 6. Above 100000 Occupation Govt. Employee Pvt. Employee Professional Self employed Student Others 7 Percentage 0 41 9 14 27 9 6. S.No. 1. 2. Educational status Higher secondary Diploma UG degree PG degree Professional degree Others Gender Male Female Percentage 1. 2. 3. 4. 5. Age(years) 18-25 25-35 35-45 45-55 Above 55 Monthly Income (RS) Less than 20000 20001-40000 40001-60000 60001-80000 80001-100000 0 1 44 40 10 5 Percentage 56 44 Interpretation: The above table shows that the majority of the respondents are male (56%) and undergraduates (44%) with a monthly income of less than Rs. 20,000. They are also unmarried (72%) and work as private employees (41%) with a monthly salary of less than Rs. 20,000 (37 percent). The mobile brands owned by the respondents are depicted in Table 2 shown below. TABLE 2 Mobile Brand Owned S.No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Mobile Brands Apple Blackberry Google pixel One plus Vivo OPPO Xiaomi Huawei Lenovo Motorola Samsung Real me Others TOTAL Percentage 17 1 0 9 6 14 13 3 7 10 17 3 0 100 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% Apple Blackberry Google pixel One plus Vivo OPPO Xiaomi Huawei Lenovo Motorola Samsung Real me Others Interpretation: According to the above table, the majority of respondents possess Apple and Samsung smartphones (17%), followed by OPPO (14%), Xiaomi (13%), Motorola (10%), One plus (9%), Lenovo (7%), Vivo (6%), Huawei (3%), and Real me (3%). Only 1% of respondents have a Blackberry, and none of them have a Google Pixel or any other brand (0%). The respondent’s intention to buy mobile brand in the next 5 years is depicted in table 3 TABLE 3 MOBILE BRAND INTENDED TO BUY IN THE NEXT 5 YEARS S.No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Mobile Brands Apple Blackberry Google pixel One plus Vivo OPPO Xiaomi Huawei Lenovo Motorola Samsung Real me Others Percentage 34 6 4 20 2 13 6 3 1 1 8 2 0 Apple Others Real me Samsung 0% 3% Motorola Lenovo8% Huawei 1% 1% 3% Xiaomi 6% Black berry Google pixel Apple 33% Vivo OPPO Xiaomi OPPO 13% Vivo 2% One plus Huawei Lenovo Black berry 6% Google pixel One plus 4% 20% Motorola Samsung Real me Others Interpretation: The above table shows that the majority of respondents (34%) intend to buy Apple brand in the next five years, including those who already own Apple brand and intend to buy advanced versions of the same, followed by One plus (20%), OPPO (13%), Blackberry, Xiaomi, and Real me (6%) each, Google pixel and Samsung (4%) each, Huawei (3%), Vivo (2%), Lenovo, and Motorola (1%) each. Tables 4, 5, and 6 show the many aspects that drive bandwagon consumption behavior of mobile phones. TABLE 4 CONSUMERS NEED FOR UNIQUENESS S.No. 1. 2. 3. 4. 5. 6. Statements I collect unusual products as a way of telling people I’m different. I actively seek to be unique by buying a special mobile brand. The mobile brand that I like best is the one that expresses my individuality. I have often broken the rules of my social group regarding what to buy or own. I have often gone against the understood rules of my social group regarding when and how certain mobile brands are to be properly used. I enjoy challenging the normal taste of people I know, by buying something they wouldn’t seem to accept. Percentage 10 12 2 10 14 18 7. If someone hinted that I had been dressing inappropriately for a social situation, I would continue dressing the same manner. 7 8. When a mobile brand I like becomes extremely popular, I lose interest in them. When a mobile brand I own becomes popular among the general population, I begin using It less. I often try to avoid mobile brands that I know are bought by the general population. The more common a mobile brand is among the general population, the less interested I am in buying it. 13 TOTAL 100 9. 10. 11. 0 13 1 13% 1% 1 10% 2 3 0% 12% 13% 2% 10% 7% 4 5 6 7 8 9 18% 14% 10 11 Interpretation: The above Table depicts all the statements that measures the consumer need for uniqueness. The findings reveal that the respondents have disagreed to 4 statements out of eleven statements (statement number 2, 7, 9, and 11). The respondents have disagreed to the statement that the mobile brand which they buy expresses their individuality (2) also when a mobile brand they like becomes extremely popular and are bought by the general population then they are less interested in buying them (1), try to avoid buying them (13), lose interest in them (13), and begin using it less (0). However, the respondents have agreed to the statement that they have often broken (10) and gone against the understood rules of their social group (14) regarding which mobile brand to buy and how it should be used. They enjoy challenging the normal taste of people they know by buying (18) and prefer to buy a mobile brand to show that they are unique and different from others. Thus the respondents need for uniqueness has been moderately proved. TABLE 5 STATUS CONSUMPTION S.No. 1. 2. 3. 4. 5. Statements I would buy a mobile brand just because it has status I am interested in new mobile brand with status I would pay more for a mobile brand if it had status The status of a mobile is irrelevant to me(negatively worded) A mobile brand is more valuable to me if it raises my status when I purchase it. TOTAL Percentage 25 10 35 15 15 100 40% 35% 30% 25% 20% 15% 10% 5% 0% 1 2 3 4 5 Interpretation: All of the statements that measure a consumer's desire for status are included in the table above. All of the above remarks were met with disapproval by the respondents, according to the findings. They are implying that they do not place any value on the mobile brand they possess. They agreed with the notion that a mobile brand with status is more valuable to them (25). Few respondents were interested in purchasing a mobile brand with status (10), are willing to spend more (35), or are willing to purchase a new brand just to raise their status (15). They agreed to the statement that the mobile brand's status is important to them (15). Thus the result shows that consumers do not buy a mobile phone according to their needs and expectations rather they attach a status symbol to the brand. TABLE 6 BANDWAGON CONSUMPTION BEHAVIOUR S.No. 1. 2. 3. 4. 5. Statements I will buy a popular and currently very fashionable mobile brand that everyone would approve of I will buy a mobile brand used by many celebrities I would buy a mobile brand that is chosen by many people as a symbol of success I prefer buying luxury mobile brands that are already used by people I appreciate and admire I love to have the same things that well known people have TOTAL Percentage 35 25 15 10 15 100 40% 35% 30% 25% 20% 15% 10% 5% 0% 1 2 3 4 5 Interpretation: The graph depicts that on a scale of 1-5 the Bandwagon consumption behavior were as follows: 35 respondents were in 1st category, 25 respondents were in 2nd category, 15 respondents were in 3rd category, 10 respondents were in 4th category, and 15 again answered 5th category. . CHAPER 5: FINDINGS Psychological, societal, and, to some extent, economic considerations all contribute to the bandwagon effect. People enjoy being on a successful team and displaying their social identity. In terms of economics, the bandwagon effect makes sense in that it helps people to save money on information gathering by depending on the knowledge and opinions of others. From the above study we found that most of the respondents are persuaded by the Bandwagon effect in their surroundings. In the study majority of the respondents were males. Most of the respondents think too much while buying a mobile phone There is a huge variety of mobile phones brand owned by the respondents. Most of the respondents tends to buy that brand which is either popular or will increase their status. Almost every respondent is ready to go beyond their budget while buying a mobile phone. Many factors such as; consumer need for uniqueness, status consumption, scale for influence plays a huge role in their decision making. People generally do not want to be the odd one out, so going along with what the rest of the group is doing is a way to ensure inclusion and social acceptance. People want to be right. They want to be part of the winning side. Part of the reason people conform is that they look to other people in their social group for information about what is right or acceptable. 5.1 Suggestions One should not think of other factors while purchasing mobile phones such as connecting status to it, taking it as symbol of luxury instead as thing of need. People generally do not want to be the odd one out, so going along with what the rest of the group is doing is a way to ensure inclusion and social acceptance, this should be avoided and taken care of. In many cases, such as in fashion, music, or pop culture fads, the impact of these bandwagon trends is rather minor. They can be even more harmful at times. When certain concepts, such as certain attitudes concerning health issues, begin to gain traction. It is important that we don’t put too much faith in popular opinion and that we judge the value of ideas and behaviours ourselves. Judging ideas and behaviours on merit rather than popularity can also develop our critical thinking abilities - a transferrable skill to all walks of life. 5.2 Conclusion The goal of this study is to look at the various factors that influence bandwagon consumption behaviour of mobile phones, such as consumer need for uniqueness, status consumption, and susceptibility to normative influence, and to see if all of these factors are positively or negatively related to bandwagon consumption behaviour, as well as to figure out what the cause and effect relationship is between these factors and bandwagon consumption behaviour. The results revealed a positive association between consumer need for uniqueness, status consumption, and susceptibility to normative influence with bandwagon consumption behaviour in the context of mobile phones. These three characteristics, vulnerability to normative influence is the most important component, having a significant impact on bandwagon consumption behaviour for mobile phones. While we may never be able to totally eliminate the bandwagon effect, we may be able to mitigate it: Allowing time between perceiving social signals and making our own decision can help us think more critically and prevent us from hastily embracing an idea or behaviour that isn't morally or situationally appropriate. Making decisions on your own - of course, get opinions from others, but assess them on your own time and make your final decision in an environment where you are not harassed by others. Consider alternate possibilities - don't be scared to go against popular opinion; you might just discover that the best solution is the polar opposite of what everyone else is doing or thinking. REFERENCES 1. 2. 3. 4. 5. 6. 7. Azcentral-https://yourbusiness.azcentral.com/bandwagon-effectmarketing4791.html Divya. M .VA (2018) “A study on bandwagon consumption behaviour among mobile Development, Volume 3; Issue 2; March 2018; Page No. 1138-1144 Investopedia - https://www.investopedia.com/terms/b/bandwagon-effect.asp Melike Altintas, Kenneth A. Heischmidt (2015) “Gender differences in selfidentity motives for luxury consumption” Journal of Behavioural Studies in business, volume 10. Minas Kastanakis and George Balabanis(2011) ,"Bandwagon, Snob and Veblen Effects in Luxury Consumption", in Advances in Consumer Research Volume 38. Shayan Shaikh, Aneela Malik, M.S. Akram, Ronika Chakrabarti, (2017) "Do luxury brands successfully entice consumers? The role of bandwagon effect", International Marketing Review, Vol. 34 Issue: 4, pp.498-513 Zanele Mdlekeza (2014) “The presence and antecedents to bandwagon consumption behaviour among the South African Black middle class in the context of luxury motor vehicles” QUESTIONARE 1. Name: 2. Age? 3. Gender? 4. Education? 5. Marital status? Male Female Higher secondary Diploma UG degree PG degree Professional degree Others Married Widower Divorced Single 6. Monthly income? Less than 20000 20001-40000 40001-60000 60001-80000 80001-100000 Above 100000 7. Occupation? Govt. Employee Pvt. Employee Professional Self employed Student Others 8. Which mobile brand do you own? Apple Blackberry Google pixel One plus Vivo OPPO Xiaomi Huawei Lenovo Motorola Samsung Real me Others 9. Which mobile brand do you intend to buy in next 5 years? Apple Blackberry Google pixel One plus Vivo OPPO Xiaomi Huawei Lenovo Motorola Samsung Real me Others 10. Any unique features? I collect unusual products as a way of telling people I’m different. I actively seek to be unique by buying a special mobile brand. The mobile brand that I like best is the one that expresses my individuality. I have often broken the rules of my social group regarding what to buy or own. I have often gone against the understood rules of my social group regarding when and how certain mobile brands are to be properly used. I enjoy challenging the normal taste of people I know, by buying something they wouldn’t seem to accept. If someone hinted that I had been dressing inappropriately for a social situation, I would continue dressing the same manner. When a mobile brand I like becomes extremely popular, I lose interest in them. When a mobile brand I own becomes popular among the general population, I begin using It less. I often try to avoid mobile brands that I know are bought by the general population. The more common a mobile brand is among the general population, the less interested I am in buying it. 11. While buying a mobile phone is there any relation with status? I would buy a mobile brand just because it has status I am interested in new mobile brand with status I would pay more for a mobile brand if it had status The status of a mobile is irrelevant to me(negatively worded) A mobile brand is more valuable to me if it raises my status when I purchase it. 12. Bandwagon effect on buying mobile phones? I will buy a popular and currently very fashionable mobile brand that everyone would approve of I will buy a mobile brand used by many celebrities I would buy a mobile brand that is chosen by many people as a symbol of success I prefer buying luxury mobile brands that are already used by people I appreciate and admire I love to have the same things that well known people have