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A type of marketing, called psych logical marketing, is an important aspect of the str tegic marketing plan for your business. At f rst, psychological marketing may sound strange, or ven dishonest - as though you are try ng to trick someone into buying y ur product or using your services. Tr e psychological marketing is nothing that s nister. It focuses on understanding how and why p ople make the product choices that th y do, as well as taking nto account social and environmental variables th t affect people's choices. Understanding psychological m rketing, and doing a bit of y ur own market research in this rea, is an integral part of a s ccessful strategic marketing plan. Studying your C stomers We have all been exposed to psych logical marketing techniques, whether we realize it or n t. For example, food and snack c mpanies understand that consumers are more r ceptive to food, particularly quick, on-the-go typ s of easy to access food, wh n people are hungry. Thus, they ften schedule television and radio commercials for sn cks in the later afternoon - wh ch is a prime snacking time for m st people, between lunch and dinner. M st Internet based companies won't be dvertising on the television or radio, but th re are still psychological aspects of c stomers and consumer habits that will h lp you form an integrated strategic m rketing plan.
Consumer Psychology To get started w th this portion of your strategic m rketing plan, there are a few key p ints to keep in mind when try ng to better understand your customers: - The psych logy of how consumers think, feel, r ason, and select between different alternatives ( .g., brands, products) - The psychology of how the c nsumer is influenced by his or her nvironment (e.g., culture, family, signs, media) - The b havior of consumers while shopping or m king other marketing decisions - Limitations in c nsumer knowledge or information processing abilities nfluence decisions and marketing outcome - Und rstanding differences in consumers related to ge, values, attitudes and lifestyles These are mportant factors for marketers to understand, so th y can adapt and improve their m rketing campaigns and marketing strategies to m re effectively reach the consumer. For xample, the aging population bubble caused by the b by-boom generation, and from people living l nger than in the past causes a d fference in marketing demographics and in the d mand for a wide range of pr ducts. Environmental Influences An additional aspect of psych logical marketing to create a successful str tegic marketing plan is the understanding of s cial, cultural and environmental shifts that ffect people's consumer choices. For example, the r sing cost of fuel means that m ny commuters are finding alternate ways of g tting to and from work. Some p ople who used to drive may now be t king the bus or the train. B cause they are taking the bus or the tr in, they have time to sit and r ad a newspaper or work on th ir laptop or Internet ready phone. Th s means that there is a m rketing opportunity for a group of the p pulation that did not exist a y ar ago. Understanding a variety of psych logical factors that influence consumer choices, as w ll as social, cultural and economic v riations in the environment will help y ur company stay current with changing tr nds, and to better be able to f rm a successful strategic marketing plan.
The article Psychological Marketing - Part of Your Strategic Marketing Plan was Submitted by Christian Fea through Articles.GetACoder.com network. Here's the additional information: Christian Fea is CEO of Syn rtegic, Inc. A strategic Collaboration Marketing c nsulting firm. He empowers business owners to d scover and implement Integration, Alliance, and J int Venture marketing tactics to solve sp cific business challenges. He demonstrates how to cr ate your own Collaboration Marketing Strategy to ncrease your sales, conversation rates, and r peat business. Contact: christian@christianfea.com http://www.christianfea.com
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