Friday, June 28, 2019

Figuring Out Buyer Behavior No.2

The type of individuals I interviewed for this segment are those that I believe fit perfectly for the needs being met. The individuals interviewed were those who economic status was considerably high and who were socially and politically inclined in order to fully grasp the nature of the opportunity and what it holds towards the future. During the interviews the interactions were slightly different as they were not directed toward simply attaining an answer and calling it a day, but rather they were more focused toward evaluating and analyzing the overall effect being made by the opportunity and what it will foster in its later stages. The individuals interviewed hinted toward the necessity of price and felt that finances truly drove whether or not they would purchase the product or service or if they wouldn't. The individuals focused further on the ideas of how beneficial the service would be in the long run and helped me further understand the overall significance of what is being offered. It helped create a larger picture for the amount of information needed toward creating the project and what needs to be implemented for success. In terms of alternative evaluation, purchase decision, and post-purchase evaluation the segment is quite profitable and valuable and offers an incentive for success in terms of the buyers and the producers who seek profit and comfort. Overall, the interviews helped initiate further analysis.

2 comments:

  1. Hey Arthur,
    It seems like you made a lot of good contacts with the interviewees you had. It is always important to reciprocate genuine answers. I feel like that since you got the answers of a price driver product, you should look at a larger scale and see if this is the true driver of demand. If it is then maybe look into finding cheaper raw materials/ COGS in order to find the best solution to this gap.
    Best,
    Matthew Nguyen

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  2. Hello Arthur,

    Great post and seems like you had valuable interviews for this assignment. I also got great responses from interviewees and very sure this will help my future business. Figuring out buyer behavior is very important to satisfy demands and wants of the customers. Also, you can understand why, when, how, what and other factors that influence buying decision of the consumers. Hopefully this assignment helped your business plan.

    Once again, great post!

    Kaito

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