What Every Real Estate Agent Must Know For Successful Selling

Consumer behavior is defined by Engel, Blackwood1. Physiological needs - basic needs for food, shelter,
and Kellat as "those acts of individuals directly involvedclothing.
in obtaining and using economic goods and services,2. Safety needs - physical security insurance etc.
including the decision processes that precede and2. Love needs - need for affection, feeling of belonging
determine these acts."to a group - family solid group, work group etc.
Consumer behavior is influenced by the behavioralIt is important to note that much marketing activity
sciences namely psychology and sociology.seeks to cater for these need some approaches
Psychology impinges upon perception, learning,most criticized by anti-marketers. For example,
personality, motivation and attitude.advertising which suggests that failure to use a
Sociology influences the social background of eachproduct (toothpaste, shampoo etc) will lead to
consumer. Hence consumer behavior is influenced byexclusion from a group you aspire to join.
culture, social class, reference groups, role and family4. Esteem needs - this includes the need for
influence which in summary influences, the life style ofrecognition, status, prestige, reputation etc.
a people therefore explaining how and why people5. Self Actualization - the highest level of need to "do
consume which illustrate how the psychological andone's own thing'.
sociological foundations have been built upon by4. Personality:
marketers.Definition: "The configuration of individual characteristic
Psychologyand ways of behaving which determine an individual's
1. Perception: that is how people interpret a stimulus.unique adjustment to his environment. This definition
What we perceive at any given time, will depend notsuggests that an overall consistency is an individual's
only on the nature of the actual stimulus, but also onpattern of behavior it is possible to categorize
the background or setting in which it exists - our owndominant traits and develop a classification of
previous sensory experiences, our feeling of thepersonality types which will be useful to marketers, as
moment and general prejudices, desires attitudes andit enables them to use personality as a factor in
goals.developing marketing strategies and marketing to suit
Given the fact that so many forces influencethem.
perception it is not surprising that there shouldCultural Valuea) Income
frequently occur a mismatch between theThe salaries of consumers determine what they can
interpretation intended by the originator (in the case theafford in terms of pricing and the quality of goods. In
marketer) and the receiver (intended customer). Itother words, income is a major determinant of
follows that those responsible for marketing stimulidemand which is very important in arriving at marketing
should pay very careful attention to psychologicaldecisions.b) Social Class
findings concerning how people perceive things.Social class represents a stratification of society
In recent years marketers have made considerableusually three distinct social classes can be identified in
use of psychological explanations of perception inJamaica. There are lower class, middle class and
developing their communications strategies and haveupper class.
developed a number of specific applications of theirEach social class is associated with certain life styles,
own.shopping behavior, language pattern, and so on. The
2. Learning: In consumer behavior the basic theory ofupper class will tend to spend more on luxury items
learning, that is, the stimulus - response) S - R) theorywhile the lower class will spend on basic necessities.
suggests that we learn to associate given responsesIn marketing therefore, goods and services are
to specific stimuli and these become habitual.produced according to certain specifications depending
The conjunctive theory of learning argues that what ison whether or not they are being made to suit the
learned is conjunctive that is more broadly based. In aupper, middle or lower class.c) Government
marketing content there seems to be support for bothRegulations
theories in that some consumer behavior is moreAll manufacturers of goods and services are required
routine and habitual (S - R), while other purchasingto make their products in accordance with government
decisions are subject to extensive problem - solvingregulations. This means that products must be
generalizing from part experience (marketing school).inspected and passed by statutory government bodies
It is important to note that two important areas offor example, the Bureau of Standards.
research in marketing draw heavily upon learningGovernment is a consumer of goods and services
theory in their conceptual framework namely the studybecause they are also buyers of goods and services
of advertising effectiveness and brand loyalty.for hospitals, schools, police to military, and so on.d)
3. Motivation:Financial Climate
Abraham Maslow ('A Theory of Human Motivation')The financial climate of the economy grossly impacts
proposed a classification of human needs into fiveupon manufacturers' activities.
basic needs.If there is a lack of money in the society, then
These can be placed into a hierarchy such that asmanufacturers will find it difficult to produce the goods
lower - order needs are satisfied we lose interest inand services required by the consumer. This is the
them and concentrate upon satisfying needs at thetask of the government therefore to try and maintain
next higher level which have become more pressing.a stable economy in order to facilitate production.
Five steps in the Hierarchy in ascending order are: