Open AccessThe impact of the psychological marketing factors (tricks) on consumer's buying decisions
Author(s) -
Davor Širola,
Martina Sudac
Publication year - 2021
Publication title -
obrazovanje za poduzetništvo - e4e
Language(s) - English
Resource type - Journals
eISSN - 1849-7845
pISSN - 1849-661X
DOI - 10.38190/ope.11.2.9
Subject(s) - marketing , advertising , promotion (chess) , consumer behaviour , scarcity , comprehension , business , sales promotion , brand loyalty , loyalty , economics , political science , linguistics , philosophy , politics , law , microeconomics
Psychology has an essential role in consumer behaviour comprehension and shaping of the appropriate marketing activities, especially in advertising, sales promotion and brand loyalty building. Applying distinct psychological marketing factors (tricks) has had a long history in traditional and even online retail commerce. Their impact on consumer buying decisions has been researched for decades (since the 1970s). However, consumers in Croatia have been able to experience these factors since the 1990s. The survey in this study collected data about the influence of prices, advertising, sales promotion, retail atmosphere, and packaging from 256 respondents. The analysis pointed out that only 9 (out of 26) researched psychology marketing tricks positively influence consumer buying decisions. Low prices and discounts were evaluated as the most critical factors (tricks), followed by a pleasant store ambience, music, and memorable promotional jingles respectively. Celebrity endorsement and appealing to scarcity were considered the least important factors. The research determined that younger consumers (aged below 30), women, , students and respondents with higher family income are more prone to being triggered by the psychology marketing tricks