Spotting the Impulse Buyer

Today's article comes from a RetailWire discussion that focused on an academic study which revealed that "shoppers who exhibit either high levels of flexibility or low levels of self-restraint are more apt to be impulse buyers" and suggests that "salespeople can be trained to spot these tendencies in shoppers to maximize sales".
  • Consumers who are highly flexible characterized by extensive browsing, a tendency to walk around the store, and a lack of loyalty to any one brand. Additionally, "they are open to suggestions from sales associates and easily persuaded to purchase the generic, less-costly version of the item or even to trade up. If (they) can't find the product they want to purchase, they tend to purchase another similar product."

  • Consumers with low-self restraint are characterized by randomly browsing, a tendency to walk through the aisles grabbing different items, and frequent backtracking in order to get an item to purchase. Additionally, "sales are very attractive to (them), whether or not they planned to purchase the item" and they "often exhibit the "oohh" factor, literally making such an exclamation when they find a good sale."

  • Consumers that are highly self-restrained, while they may browse extensively and comparison shop, will leave the store empty handed if they don't find exactly what they want. Additionally, they can be openly difficult and stubborn as they are on a mission - "they know what they want and walk directly to the department of the store with the item. If it's not available, they will turn around and walk out."

The study concludes that salespeople could probably be trained to spot these cognitive skills in shoppers, thus improving their ability to help customers and increase the salesperson's efficiency and effectiveness. "The researchers found that these impulse and non-impulse behaviors in shoppers can be identified in less than a minute, which could instantly indicate to a salesperson who is most likely to listen to their sales advice and who is not."



Posted by Universal Ad

 del.icio.us  Stumbleupon  Technorati  Digg 

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this entry.
Comments
  • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.