If you’re trading online, you’ve probably heard of the term consumer behavior. So what exactly is it? Essentially, consumer behavior can be defined as the study of purchasing patterns and decision- making processes of individual consumers, groups, organizations, ultimately referring to their motives and needs. When we study consumer behavior, we study why, where and when consumers buy. This helps businesses determine their customers’ expectations and adjust their marketing strategy accordingly.
However, consumer behavior does not always stay the same. Overtime, many factors end up influencing how and why customers purchase. These can be both internal and external, such as ongoing trends, age, economic condition, best digital marketing agency and social media. It is safe to say that in the last decade, social media has played a significant role in determining and changing consumer behavior.
Consumer behavior and marketing have always been closely linked; one heavily impacts the other. In recent years, the drastic shift in consumer behavior points towards the progressing digitalization and introduction of digital marketing tools used for advertising. With all these tools at their disposal, marketers have reinvented the marketing game, completely transforming how consumers interact with their products. With that being said, let’s look at the most important effects of digital marketing on consumer behavior.
Greater Access to Global Market
These days consumers have access to products coming from all over the world. This means their knowledge of international markets is far greater than it has ever been. With a single click, a person can ship almost anything they want from any corner of the world, all thanks to digital marketing.
Real-Time Research
Gone are the days when consumers have to be physically present at a store to know about it. Today, they can quickly research a brand and compare its products and services to competitors, to determine whether they should purchase from them, or not. They simply have to visit their website or social media platforms and all the information is made available.
Higher Expectations
With the growing technological advancements, consumers expect fast and high-quality services, every time. Digital marketing has, in fact, made modern consumers impatient and demanding. If a product does not live up to their expectations, people are more likely to express their dissatisfaction openly, on online platforms and make negative comments on a brand’s social media.
Increased Engagement
Nowadays, customers like interacting with the people behind their favorite brands. This makes them feel important and needed, which plays a significant part in building brand loyalty (which, by the way, digital marketing services for dentist has significantly decreased). By engaging with their customers, replying to their comments, sharing their stories, creating polls or competitions, a brand can improve the overall experience of its customers.
Personalized Experience
Since brands have so much consumer data available, they can now create a much more personalized marketing experience for them, than they could ever. This allows customers to spend less time researching, as they can simply purchase products, they are interested in. Its safe to say that this significantly improves their experience, encouraging them to buy from a brand again.
Impulsive Purchases
If you are a consumer, you are constantly bombarded with ads, pop-ups, discounts, sales, ongoing deals and coupons, which makes it so hard to resist from making a purchase. The truth is that many people give in and end up making impulsive purchases because they simply do not want to miss out on a great deal.
Bottom Line;
There is no doubt to the fact that digital marketing is drastically changing consumer behavior. What is more, with the world becoming more and more digitized every day, the impact of digital meeting on consumers is only going to be enhanced in the future.If you want to take advantage of the revolution created by digital marketing, get in touch with Advertyzed; a digital marketing agency in Miami. With over 15 years of experience, Advertyzed has been serving as one of the leading US digital marketing agencies. So, get a free consultation today and become a part of the ever-changing market.