How can I get more customers for my business is something 1000s of you ask google each month. If you understand the phases of the customer purchase lifecycle or put more simply why and when someone buys then you will be in a much better position to be able to have them buy from you.
What was the last online purchase you made?
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Where did you start and where did you end up?
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Did you purchase on the same day that you started looking ?
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Did you see positive and or negative advertising about the product?
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Did you see it in a magazine or on TV before you saw it online?
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Was the price an issue for you? Did you search for it cheaper elsewhere?
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What was the last thing in the analysis process before you actually purchased the product?
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Did you go on Social media sites for some purchasing guidance?
There are many things you can learn from taking a look at how you, purchase something online. You may not follow all of the steps exactly as your visitors. You may research things differently from others in the early stages, but the last few steps in the process before deciding to buy are universal to the majority of customers.
Known facts about a customer:
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Customers are rarely going to buy on their first point of contact with a product
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Typically it takes a person 7 views of a product (this could be website visits, email etc.) before they actually make a purchase online.
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Customers do not buy from people they don’t trust.
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Customers will be exchanging “money” for something that will improve their lives in some way.
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Customers have more access to product information and reviews than ever.
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Most customers can see through scammy promotions.
We will be taking a look at how we can leverage these facts to make sure the potential customer becomes your customer but first let’s look at the 3 phases people go through from the time they learn of a product to the time they actually purchase it.
Research, Decision, Purchase.
These are important stages in the Customer Purchase Lifecyle and you need to be aware of, and understand them. These are usually the main factors in deciding how close a potential customer is to becoming a paying customer. The better you understand these phases, the better you will understand how to approach the customer at those particular stages.
Research Phase
Some purchasing decisions are spontaneous. You may have seen a TV or magazine advertisement and thought I want that and you will go straight to the website advertised and buy.
In lots of cases however we want to learn before we buy and that is because we don’t really have product awareness just yet. This might be something we have heard of or read about on social media for example. The learning about a product or service is usually done online and for most of us, we pop over to google and search for it.
We all know that the World Wide Web is our information highway and we can find just about anything on there. And we can find lots of potential customers while they are researching.
How to approach customers at this stage: the best approach here is to get people onto a mailing list or get them to follow you via your social media channels (Pinterest,Instagram, Facebook, Twitter, Google +). Once they are following you in some way you can start to walk them through the next two phases. You are unlikely to make an instant sale at this point. Engage people at this point by directing them to your website content and you are likely be able to get them to revisit your site when they are,ready to buy.
This stage is where we take in to consideration points 1 and 2 of what we know about customers.
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Customers are rarely going to buy on their first point of contact with a product
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Typically it takes a person 7 views of a product (this could be website visits, email etc.) before they actually make a purchase online.