How You Can Influence Your Customers' Decisions

3 minutes
Share the link to this page
Copied
  Completed
You need to have access to the item to view this lesson.
One-time Fee
$99.99
List Price:  $139.99
You save:  $40
€95.97
List Price:  €134.37
You save:  €38.39
£79.80
List Price:  £111.73
You save:  £31.92
CA$139.82
List Price:  CA$195.75
You save:  CA$55.93
A$153.75
List Price:  A$215.26
You save:  A$61.51
S$134.64
List Price:  S$188.51
You save:  S$53.86
HK$778.36
List Price:  HK$1,089.74
You save:  HK$311.37
CHF 89.34
List Price:  CHF 125.09
You save:  CHF 35.74
NOK kr1,107.14
List Price:  NOK kr1,550.05
You save:  NOK kr442.90
DKK kr715.75
List Price:  DKK kr1,002.09
You save:  DKK kr286.33
NZ$171.37
List Price:  NZ$239.93
You save:  NZ$68.55
د.إ367.26
List Price:  د.إ514.18
You save:  د.إ146.92
৳11,945.63
List Price:  ৳16,724.36
You save:  ৳4,778.73
₹8,442.99
List Price:  ₹11,820.52
You save:  ₹3,377.53
RM446.75
List Price:  RM625.47
You save:  RM178.72
₦169,271.38
List Price:  ₦236,986.70
You save:  ₦67,715.32
₨27,777.22
List Price:  ₨38,889.22
You save:  ₨11,112
฿3,446.26
List Price:  ฿4,824.91
You save:  ฿1,378.64
₺3,454.90
List Price:  ₺4,837
You save:  ₺1,382.10
B$580.04
List Price:  B$812.08
You save:  B$232.04
R1,811.35
List Price:  R2,535.96
You save:  R724.61
Лв187.69
List Price:  Лв262.77
You save:  Лв75.08
₩140,436.95
List Price:  ₩196,617.35
You save:  ₩56,180.40
₪370.16
List Price:  ₪518.24
You save:  ₪148.08
₱5,893.31
List Price:  ₱8,250.87
You save:  ₱2,357.56
¥15,475.45
List Price:  ¥21,666.25
You save:  ¥6,190.80
MX$2,042.64
List Price:  MX$2,859.78
You save:  MX$817.14
QR364.56
List Price:  QR510.41
You save:  QR145.84
P1,367.06
List Price:  P1,913.94
You save:  P546.88
KSh12,945.58
List Price:  KSh18,124.33
You save:  KSh5,178.75
E£4,964.52
List Price:  E£6,950.52
You save:  E£1,986
ብር12,237.67
List Price:  ብር17,133.23
You save:  ብር4,895.55
Kz91,290.87
List Price:  Kz127,810.87
You save:  Kz36,520
CLP$98,658.13
List Price:  CLP$138,125.33
You save:  CLP$39,467.20
CN¥724.22
List Price:  CN¥1,013.94
You save:  CN¥289.72
RD$6,024.63
List Price:  RD$8,434.73
You save:  RD$2,410.09
DA13,426.15
List Price:  DA18,797.15
You save:  DA5,371
FJ$227.57
List Price:  FJ$318.61
You save:  FJ$91.03
Q771.64
List Price:  Q1,080.33
You save:  Q308.69
GY$20,913.50
List Price:  GY$29,279.73
You save:  GY$8,366.23
ISK kr13,966.60
List Price:  ISK kr19,553.80
You save:  ISK kr5,587.20
DH1,005.63
List Price:  DH1,407.93
You save:  DH402.29
L1,821.98
List Price:  L2,550.85
You save:  L728.86
ден5,904.20
List Price:  ден8,266.12
You save:  ден2,361.91
MOP$801.48
List Price:  MOP$1,122.11
You save:  MOP$320.62
N$1,812.81
List Price:  N$2,538.01
You save:  N$725.20
C$3,678.31
List Price:  C$5,149.78
You save:  C$1,471.47
रु13,500.25
List Price:  रु18,900.90
You save:  रु5,400.64
S/379.05
List Price:  S/530.69
You save:  S/151.63
K402.47
List Price:  K563.48
You save:  K161
SAR375.40
List Price:  SAR525.58
You save:  SAR150.17
ZK2,764.29
List Price:  ZK3,870.12
You save:  ZK1,105.82
L477.77
List Price:  L668.90
You save:  L191.12
Kč2,432.37
List Price:  Kč3,405.42
You save:  Kč973.04
Ft39,496.05
List Price:  Ft55,296.05
You save:  Ft15,800
SEK kr1,103.50
List Price:  SEK kr1,544.95
You save:  SEK kr441.44
ARS$100,374.93
List Price:  ARS$140,528.92
You save:  ARS$40,153.99
Bs690.75
List Price:  Bs967.07
You save:  Bs276.32
COP$438,931.09
List Price:  COP$614,521.09
You save:  COP$175,589.99
₡50,918.63
List Price:  ₡71,288.12
You save:  ₡20,369.49
L2,526.16
List Price:  L3,536.73
You save:  L1,010.56
₲780,388.98
List Price:  ₲1,092,575.79
You save:  ₲312,186.81
$U4,261.82
List Price:  $U5,966.72
You save:  $U1,704.90
zł416.31
List Price:  zł582.85
You save:  zł166.54
Already have an account? Log In

Transcript

For the remainder of this module, we're going to look a little more closely at some of the ways that you can actually influence this decision making process. Because it turns out that in some cases, at least, you can in fact play an active role in structuring the decision situation to guide your customers toward the correct choice that is to your choice. One way you can do this is to have a say in the evaluative criteria that consumers use when they're making decisions. These are the dimensions we use to judge the merits of competing options. The criteria on which products differ from one another, carry more weight in the decision process, then do those where the alternatives are similar on various dimensions. determinant attributes are the features we actually use To differentiate among our choices, let's take a real world example to demonstrate how this works.

Consumer research by church and Dwight indicated that many consumers view the use of natural ingredients as a determinant attribute. As a result, the company promoted its toothpaste made from baking soda, which the company already manufactured for church and Dwight's Armand hammer brand. The takeaway is simply to be proactive about educating your customer on which evaluative criteria are determinant attributes. You can point out that there are significant differences among brands on an attribute, you might even supply the consumer with a decision making rule such as if when you're deciding among competing brands, then and use the attribute as a criterion. One determine an attribute that's becoming increasingly important for many consumers, is product authenticity. So for example, the J Peterman company clothing catalogs tell stories about the apparel that they sell.

And upscale grocery stores like Whole Foods provide a great amount of detail about the specific farms where produce and meat were raised. Consumers really value that kind of information today. And it turns out that there are several components of authenticity that they consider. One is heritage, that is the genealogy of the product, if you will, where it came from, what its bloodline is the farm where the chicken was raised, etc. Another is sincerity. The extent to which the company has a history of saying what it means and meaning what it says.

And the third is a long standing commitment to quality. So we see a lot of these components are at least one or two of them. Really popping up in a lot of marketing campaigns today as consumers increasingly come to value, these determinant attributes. For example, New Balance describes its main factory using these words. Built in 1945. The depot street building is the workplace of almost 400 Associates.

Each pair of shoes they produce is a proud work of craftsmanship that carries a little bit of the long history. That is the town and its people. The takeaway is something I've already stressed in earlier sections and that is, if your brand has a story to tell, then tell it. Consumers really want to know if you have an authentic product and a really valuable story to tell. So don't hide your light under a bushel.

Sign Up

Share

Share with friends, get 20% off
Invite your friends to LearnDesk learning marketplace. For each purchase they make, you get 20% off (upto $10) on your next purchase.