Demand and Supply and Marketing

Written by Darrin F. Coe, MA


Supply and Demand and Marketing Darrin F. Coe, MA 11/30/04

According to Dough McCormick, Chariman and CEO of iVillage, Inc, “Technologists focus on supply but they don’t understand advertising is focused on demand. Just because we have an available ad doesn’t mean we have to sell it.”

What inrepparttar world does that mean? It means not every product online is going to sell. Online retailers and marketers are not going to succeed just because they are online. Marketing is about understandingrepparttar 100661 demand ofrepparttar 100662 consumer and meeting it or creating demand for a product.

This means online business people must takerepparttar 100663 time to understandrepparttar 100664 consumer. They need to develop an understanding ofrepparttar 100665 consumer’s thinking, motivation, and needs. Just because you develop a website and slap up some product graphics and have a checkout process using paypal does not mean you’ll be selling and rolling in money.

Is there a demand for your product or service? If there is how does your product or service fulfill that demand? If there is not a demand can one be created through advertising and marketing? For some products or services you’ll not be able to create demand and people won’t buy simply because you provide a supply.

Just What is The Consumer Thinking?

Written by Darrin F. Coe, MA


Just What Are Consumers Thinking? Darrin F. Coe, MA 12/01/04

Research would indicate that consumers don’t know what they’re thinking. According to an article written by Jack Shimell (2002) for Quirk’s Marketing Research Review, Consumers make their decisions and react to advertising based more on unconscious emotional processes than on conscious rational processes.

There appears to be an interplay betweenrepparttar conscious andrepparttar 100660 unconscious withrepparttar 100661 unconscious beingrepparttar 100662 driving force, when it comes to reactions to advertising and purchase decision making.

There is also a distinct personality / temperament factor involved in consumer thinking and behavior. People with moderate extrovert traits tend to react more positively to advertising, while introverts and people with few extrovert traits would appear to be very difficult to affect through advertising.

Part of this may reside inrepparttar 100663 fact that introverts tend to be energized by solitary activities that are less affected by outside factors while extroverts tend to be energized by outside influences such as social status, social engagement, peer relations, and social value of products or services.

The introvert tends to be more affected by internal factors that can be analyzed and processed at their leisure. They operate based on facts, information, and internal beliefs and attitudes.

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