What is consumer psychology? - Deepstash
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What is consumer psychology?

What is consumer psychology?

The American Psychological Association  puts it this way: “Consumer psychology employs theoretical psychological approaches to understanding consumers.”  

"Consumer psychology is the study of how consumers behave."

Consumer psychology analyzes questions like: 

  • How do shoppers choose businesses, products, etc.?
  • What motivates consumers to buy or choose one product over another?
  • How can businesses use marketing to reach their ideal customer?
  • What demographical, environmental, or psychological variables influence purchasing behavior?

The list goes on.

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These types of insights help marketers and business owners learn about their customers so they can better connect with them.

It can be helpful to think about consumer behavior in the context of motivation to find the answers to these questions. In the psychology world, motivation is broken ...

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What's the difference between intrinsic and extrinsic motivation

What's the difference between intrinsic and extrinsic motivation

  • Intrinsic motivation  is when people make decisions based on their personal wants and needs.
  • Extrinsic motivation is when people  make decisions  based on external factors. 

For example, let’s say Customer A and C...

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That's because Customer A opted for a pair of shoes that work best for them and will make their training experience more enjoyable. Customer B was extrinsically motivated because they chose a pair of shoes based on brand popularity over comfort. 

"People buy facial masks [the skincare kind]...

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THE AUTHOR

"What we buy, and what we don’t, says just about everything about who we are.”

THE AUTHOR

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CURATED FROM

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shaanma

I like to motivate and give advice to others. I want that everyone should be successful in their career with their skills and passion...

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