25/06/2022
Competition is tough. New brands come up every day. There is price war and many brands are doing great things in other to make sales.
For sales to keep coming you must know what motivates your ideal Shopper; price, need, desire, lifestyle, income etc.
Those that are motivated by price are value seekers who buy based on price consideration. They look out for the price and compare these where there are alternative brands, before buying. To cater to this type of Shopper, there is the need to play in different segments. For instance, if you have a brand that sells for $50, you should have another for $25 to cater to the Value Seeker.
There are people that buy based on need only. This set of Consumers are purposeful.
We also have people that shop in line with their lifestyle etc.
To improve sales, you need to understand what motivates your Shopper.
, consumerinsights
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