1. The buying process is not as simple as it appears from outside. There is a whole decision making process that precedes the final act of buying a product. The purchase is only the visible part of this whole process. There are actually five stages of the buying process.
Problem recognition: This is the first stage of the buying process. At this stage a person identifies the need for a certain thing which is big enough to trigger a decision (Ogden & Ogden, 2014). It can happen with a person seeing an ad or even an empty bottle of milk or due to any other perceived need. Once the problem or the need is identified, the person moves on to the next stage.
Information search: This is the second stage of the buying process. It happens internally as well as externally where a man searches for the required information in his memory or experiences as well as the other sources of information. The external resources may include marketing resources and other sources like friends and family.
Alternative evaluation: It is the third stage in the process where alternatives which meet the criteria are generated. A number of brand names are evaluated as alternatives at this stage.
Purchase decision: This is the visible part of the buying process. The final purchase decision is influenced by a number of factors including previous purchase experience from the seller and other environmental factors.
Post purchase behavior: This is the final stage of the buying process where a person matches the product with his expectations and feels either satisfied or dissatisfied. It is why firms actively work to build positive post purchase communications that influence the relationship between the buyer and the seller. Firms even use post purchase calls or ads to influence the buyer and convince him that he made the right decision. (SDSU, n.d.)
I recently bought an iphone and analyzing the whole buying process I find that there are a number of factors and stages behind the whole buying process. It starts with the recognition of a need or problem. I first identified that I needed a phone or rather got this cue from ads of the iPhone which attracted me instantly. The next step was to search for information which I found in ads and from the friends. The third stage was the evaluation of alternatives and I had a number of alternatives available to me including Samsung and Sony. However, I finally settled for the iPhone. It was mainly because of my previous experience with the Apple products which have mostly provided a highly satisfactory experience. Apple products are known for their performance and the special user experience they provide.
The next step was to go to a physical store and buy the product. I used the product a few days and it matched my expectations or rather exceeded it. Thus, I was finally satisfied with the product that I had bought. Overall, the buying experience was highly satisfactory. The high number of apps and other features led to a positive and satisfactory user experience.
There are also a number of other factors that affect our buying decisions. Sometimes it is the attractiveness of a particular ad and sometimes the financial capability of the buyer that affects the purchase decision. Sometimes a product may be costlier than we expect and in such cases financial capacity is an important factor that influences our decision since we would like to go for cheaper products in such an instance. An attractive ad also entices us to buy a product because we start to like the product instantly and under its influence make a purchase. However, other factors like prior experience are also important in this regard. If we have had good experience with a particular brand or seller we like to make repeat purchases from him. TT
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