By Phillip Adcock
The cold, hard fact is that as busy humans we forget a lot of what we do and think. Therefore, when faced with our mind going blank, do we own up and say so? Not likely, that would make us look stupid! Instead we ‘concoct’ a response that sound plausible and sensible.
Here are 5 well-established ‘facts’ about shoppers and shopping. Unfortunately, they are more fiction than fact based. Fact 6 is that shoppers and consumers provide responses during different types of market research surveys that are not entirely truthful. Not due to any evil plan to mislead, but more to do with the make up of the human brain.
1, “It’s all about price” report numerous on-line panel studies
In many studies of actual shoppers in aisle, price is some way down the decision hierarchy. And on average, less than 50% of shoppers even consider price when shopping for individual grocery items.
2, “I just picked it up and put it in my trolley” Say shoppers
But when the research takes place in-store at the fixture 41% of shoppers just don’t shop this way: 23% of shampoo shoppers open and smell the product in aisle as part of the selection, 14% of shopper shake a carton of juice and a similar percentage (of men) physically juggle a lettuce between shelf and trolley. Being able to identify moment of truth shopper needs opens up many new brand growth opportunities.
3, “I knew exactly what I wanted before arriving at the aisle” Is a common learning from supermarket exit surveys
But when you study the behaviour of shoppers as they shop, things are very different. On average, 40% of shoppers make some form of choice related decision when stood at the fixture in the aisle. In other words, 40% can be influenced (that’s a big opportunity).
4, “I only bought it because it was on offer” Is the justification shoppers often give to researchers
As many as 87% of shoppers buying an item on special offer in UK supermarkets would still have bought it even if there wasn’t any promotion. So let’s stop rewarding existing, loyal customers and start working towards driving increased category penetration instead. How? By understanding the psychology of promotions.
5, “I always buy the gondola end special offers” shoppers constantly say
Although product sales increase when an item is promoted on gondola end, many, many in-store research projects have identified that the actual added sales come from the aisle not the gondola end. Why? Because the ends increase mental awareness of the product, this is known as the mere exposure effect. and drives shoppers to the main aisle to compare and buy (contrary to some established research thinking).
So why then, in the face of this evidence, do some brands and retailers make critical business decisions based on what is potentially flawed data? There is excellent shopper research out there, you just need to make sure you understand what it takes to get meaningful insight as opposed to lies, damn lines and therefore, meaningless statistics
Pusher-POP Smart will allow you to get to know your customers in depth, analyze their behavior and offer them what they need at the exact moment.
How do we do it?
– We install technology at the point of sale connected to IoT.
– We store the information of everything that happens at the point of sale.
– We analyze the data to understand the needs of the customers.
– We act according to their behavior.
Learn more about our solutions at pusherpopsmart.com