Sociological Influences on Consumers Decision Making Learning Objectives • Understand how family dynamics and the family life cycle can influence purchasing decision. • Discuss the importance of opinion leaders in marketing and how they can influence the success of the product service. • Illustrate how social class impacts consumers behavior and buying patterns. Learning Outcome • Realize how consumer groups contribute in a consumer behavior context. • Appreciate the lesson learned via personal experience as o]ne goes through life cycle that contributes in his behavioral pattern as consumers. • Value the contribution of the different sectors that made an impact in your decision making as a consumers Something to think about….. • Why do people love to shop together? • Are you the typed who is easily influenced by what is being “hyped”? Words/Phrase to Ponder…. • Consumer Groups • Social Class and Mobility • Lifestyle Analysis • Stratification • Enculturation • Culture, Sub Culture, and Cross Culture • Opinion Leadership In a time when consumers desperately want to trust businesses - but they just don't influencer marketing is one way to overcome this problem. Something to think about….. • Why do people love to shop together? • Are you the typed who is easily influenced by what is being “hyped”? Words/Phrase to Ponder…. • Consumer Groups • Social Class and Mobility • Lifestyle Analysis • Stratification • Enculturation • Culture, Sub Culture, and Cross Culture • Opinion Leadership JOHN RAMPTON Consumer Groups • WHAT IS CONSUMER GROUPS? • IS IT NECESSARY? • CAN’T JUST BE ON AN INDIVIDUAL BASIS • DO CONSUMER GROUPS HAVE ANYTHING TO DO WITH “SOCIALIZATION”? • ARE THEY IMPORTANT? • WHAT THEY DO CONTRIBUTE IN CONSUMERS BEHAVIOR CONTEXT? Consumer Groups • W H AT I S C O N S U M E R G R O U P S ? • IS IT NECESSARY? • CAN’T JUST BE ON AN INDIVIDUAL BASIS • D O C O N S U M E R G R O U P S H AV E ANYTHING TO DO WITH “ S O C I A L I Z AT I O N ” ? • A R E T H E Y I M P O R TA N T ? • W H AT T H E Y D O C O N T R I B U T E I N C O N S U M E R S B E H AV I O R C O N T E X T ? Defining Groups Groups are basically defined as having at least 2 or more individuals who possess the following: • Share a set of norms • Have certain role in relationship • Experience interdependent behavior Groups may also be defined as social system in whose members…. • Have regular contract • Act cooperatively • Share common goals 8 Groups may not have necessarily members of the same age or peers of the same gender or profession. Common examples of groups includes… • Family • Friends • Colleagues • Fraternities • Church or Worship Groups 9 Importance of Groups Importance of Groups Groups perform a significant role in consumer socialization. The Consumption behavior of children is greatly influenced by the parents and the family he belongs. Teenagers, on the other hands, wish to have things that they often see from their peers – the type of clothes, gadgets, accessories and other stuff that are “vogue” or “ in style” at that moment. Types of Social Groups • Primary Groups • Secondary Groups Distinction of Social Groups • Formal Groups • Informal Groups ROLES • It is a function assumed or a part played by an individual in a particular situation. • It is an important aspects of groups behavior since patterns of behavior are expected of an individuals within a given social context. • Just like groups, roles may be either formal or informal. • Roles, however is not permanent. • Roles are not one time deal. • Roles may change over time depending upon the circumstances. • Roles are flexible • Roles influences consumption behavior. How? 12 Status oStatus is simply the relative position of an individual in group social spectrum. oConsumers often purchase commodities fitting to their status within a group. Examples: Travels, purchase of a new car, joining Rotary Clubs. 13 Consumer Reference Groups Consumer Reference Groups Reference Groups Reference groups is a clusters that operate as frames of reference for a people in their respective purchase or consumption decision. For children, their reference group are always the parents and older siblings. For teenager, reference group maybe peers and classmates. What does reference groups have to do with consumer behavior? What do they play in contouring consumer’s purchasing behavior? navigating q&a sessions 1.Know your material in advance 2.Anticipate common questions 3.Rehearse your responses Maintaining composure during the Q&A session is essential for projecting confidence and authority. Consider the following tips for staying composed: o Stay calm o Actively listen o Pause and reflect o Maintain eye contact 16 speaking impact Your ability to communicate effectively will leave a lasting impact on your audience Effectively communicating involves not only delivering a message but also resonating with the experiences, values, and emotions of those listening speaking impact Learn to infuse energy into your delivery to leave a lasting impression One of the goals of effective communication is to motivate your audience METRIC MEASUREMEN T TARGET ACTUAL Audience attendance # of attendees 150 120 Engagement duration Minutes 60 75 Q&A interaction # of questions 10 15 Positive feedback Percentage (%) 90 95 Rate of information Percentage (%) retention 80 85 18 final tips & takeaways o CONSISTENT REHEARSAL o Strengthen your familiarity o REFINE DELIVERY STYLE o Pacing, tone, and emphasis o TIMING AND TRANSITIONS Seek feedback Reflect on performance Explore new techniques Set personal goals Iterate and adapt o Aim for seamless, professional delivery o PRACTICE AUDIENCE o Enlist colleagues to listen & provide feedback 19 speaking engagement metrics IMPACT FACTOR MEASUREMENT TARGET ACHIEVED Audience interaction Percentage (%) 85 88 Knowledge retention Percentage (%) 75 80 Post-presentation surveys Average rating 4.2 4.5 Referral rate Percentage (%) 10 12 Collaboration opportunities # of opportunities 8 10 20 BRITA TAMM 502-555-0152 thank you brita@firstupconsultants.com www.firstupconsultants.com