There are many reasons customers decide to spend their hard earned money to make a purchase, but do you know why they decided to spend it with you?
When selling products or services, it is important to understand why people buy. Marketing, sales, operational infrastructure, and customer service should be crafted with the consumer purchasing perspective in mind.
First, we need to distinguish between why people buy, and why people buy from you. Typically, consumers make a decision to buy, before making the decision on which one to buy, or who will get the sale. Most organizations continually refine the process of studying consumer demographics to understand position in comparison to the competition. In other words, the organizations study why a consumer will buy from them, as opposed to the competition. Design, features, marketing messages, and sales plans are organized to differentiate from the current competition. To take a step ahead of the competition, focus first on the fundamental moment of truth, the point at which the consumer makes the decision that an investment or purchase is worthwhile. Before you can answer the question of "why you", you must first answer the question, "why buy"?
Prestige, Luxury, and Style
Some purchases are based on luxury, style, and prestige. This applies to products from watches to cars, and collectors’ items to homes. It is easy to see examples of jewelry, watches, and other personal items as purchases based on prestige. Jewelry and watches can be a personal expression of style, achievement, a gift from a loved one, or the result of a special occasion. Some cars are purchased to accommodate a family, or to get better gas mileage. Some cars are purchased to make a statement, to convey status, or as an investment to show credibility and confidence. When the commitment is made to invest in an expensive timepiece, a luxury automobile, or prestigious real estate property, the decision to buy is typically based with this intent, well before there is a decision on who to buy it from.
Quality, Reliability, Durability, or Reputation
The decision to buy based on quality, durability, reliability, or reputation is often preceded by an experience that raises this as a concern. These considerations may also apply in the decision process for items like watches and cars, but typically not for the same consumers. Therefore, it may be necessary to understand the intent of the consumers in the market to which you are selling. While BMW and Mercedes have reputations for quality, reliability, and durability, the 'ultimate driving machine' is recognizably more a statement of luxury performance than a reassurance to avoid roadside assistance.
There is much more focus on durability in the Home Appliance market, for example. The lonely Maytag Repair Man is not trying to convince you that he represents a stylish washing machine, he is reassuring you that his brand is built to last. Once the decision is made to invest in a new washing machine, there are many selections with a wide variety of features. There is opportunity to upgrade for conveniences, for appearance, and for style. However, selections based on appearance are typically made after the consumer has already limited the playing field to a finite number of brands with a reputation for durability. Even the selection of brand is made after the decision that it is necessary to replace a home appliance, typically because the existing item is no longer reliable or must be replaced. Unlike a watch or jewelry, it is not very common for appliances to be replaced as a fashion statement.
Save Time or Money
Sometimes the consumer compelling reason to buy is based on the opportunity to save time or money. This can be just as pertinent to business and commercial sales as it is to individual consumer sales. Saving time, or making more effective use of time, can often be quantified in quality and monetary terms. There is also opportunity to save money by investing in energy conserving devices. Quite often, reducing expense or conserving time are not the catalyst to start the process of thinking about the buying decision, but rather contribute to the timing of the buying cycle. When confronted by a potential need to buy, the opportunity to save time or reduce cost can be compelling motivation to take action.
Sales, Marketing, and the Web
Once you have identified the contributing factors that compel consumers to make a purchase in your market, then it is time to reflect on your message and how you will reach out to those consumers. Your message of 'why people should buy from you', should be framed in the context of this moment of truth, the moment that consumers make the decision to buy. This is a distinctly different direction than beginning your planning based on what you have to offer and want to promote from your own features and benefits. On the contrary, begin with the perspective of that precise moment in time that your prospective consumers flip the mental and emotional switch to relinquish monetary funds for the products or services in your market. What are your customers feeling and thinking about at that precise moment? Your marketing and sales messages should be empathic to that moment of truth, and to those customers. If you are struggling to identify that moment of truth, talk to your current customers and find out why they made a decision to change or buy.
Design your web site to welcome consumers at the moment of truth, and to give them your compelling and empathetic reason to buy. Your messages and images should be based on what the customer is looking for in a provider of goods or services. Your web site is not a place to shout your features to the heavens and hope that customers will be hypnotized by your exotic and unique advantages compared to your competition. On the contrary, if the message on your web site clearly identifies customer needs at the moment of truth, then your competition becomes irrelevant. Use your web site and your marketing materials to identify with your customers and create a relationship through demonstrating awareness, compassion, and commitment to that pivotal moment in the purchase process.
It is more than marketing messages, web sites, and sales. The awareness, compassion, and commitment to your clients must resound in every aspect of your organization and delivery. Whether you are providing goods or services, the manner in which support and customer service is delivered to the individual consumer must be consistent with the message conveyed before the sale.
If the message before the sale is based on luxury and prestige, then rest assured that your clients are expecting to be treated with luxury and prestige after the sale. The operational functions and customer service must be designed to deliver exceptional personalized treatment and consideration.
If the message before the sale is based on quality, durability, and reliability, then service after the sale is expected to live up to the same merits. It is inevitable that some products or services may experience unexpected failure or defect. The response to defects in material or workmanship should be as reliable as the product is purported to be, and should mirror the same standards of quality. The quality of customer service has much longer lasting impact on a reputation for customer service than any marketing message or brochure. Quality customer service and operational expertise can be the foundation of a reputation for reliability, and the backbone of integrity with existing and future customers. Reliable service is a compelling reason to buy.
Beyond These Examples
These are just a few examples of compelling reasons that consumers decide to buy. The purchase of services may be predicated on product failure, a convenience to replace personal workload, or a strategic decision to outsource a business function. A business decision to buy may be based on periodic timing to implement changes, end of lease, or financial stimulus. There are many scenarios, but it is important to understand the perspective of your customers and the reasons that they buy. There may be multiple contributing factors, and it may be necessary to prepare several different messages to accommodate the different perspectives. Find the most common reasons that your consumers decide to buy, and then work on your marketing, sales, and customer service delivery to match that moment of truth.