Today’s online consumers are in a class of their own. They have enthusiastically embraced the new-found power granted to them by virtue of the internet and the online shopping experiences that await them.
They are better informed, better equipped and have more shopping savvy than most of their shopaholic predecessors even five years ago.
This new consumer is both powerful and complicated. And those in sales and marketing have to determine the best way to intersect, entice, and capture their business. So, what makes them tick?
Customer Attributes: 5 to Keep in Mind
1. Who . . . is shopping online?
Online consumers today come from a variety of demographics such as age, life stage, gender, education, and income. They have varied interests, and they can be from all over the world.
And lest you think only adults shop on line, children also have purchasing power albeit using their parents’ credit cards. In their 6th Annual Parents, Kids and Money Survey, T. Rowe Price reported that 60% of kids said they shop on line.
2. Why. . . are people using the Internet?
In addition to making a purchase, consumers may be searching the internet for fast help, answers to problems, product reviews or general information about a topic that interests them. Regardless of the “why,” all of these activities present opportunities for businesses to advertise and consumers to buy.
3. Where. . . do they shop?
Consumers have more retail location options than ever before. They are finding it more and more convenient to shop online when and where it works for them. Consumers can purchase over the phone if additional help is needed, or they can begin their buying journey from social sites.
While physical stores are still an option, many consumers are showcasing – the practice of viewing the product in the store and then shopping online for the best price.
4. When. . . do consumers shop?
In the course of a typical workday, consumers may shop at any given time using a variety of devices. This multi-screen behavior occurs over time and may involve looking for only one item like tickets to a show, finding a repairman, or purchasing a pair of shoes.
5. What. . . device are people using to shop on line?
Most consumers today are engaging in multi-screening behavior; they may start browsing in the morning with their smartphones and may continue their search at work, or later that day at home on their tablet.
The complexity of their purchase can have a bearing on what device they use to complete their transaction. (desktop, tablet, or smartphone)
Summary
The challenge for businesses, and marketers in particular, is to keep all of these attributes in mind when developing a sales and marketing strategy.
Nancy LeVasseur