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WHEN WHERE AND WHY DID OUR
MONEY GO?
DO BOYS AND GIRLS HAVE A DIFFERENCE?
AGENDA
Consumption pattern -- Boys v.s. Girls
• Their views on necessities
• Where else do they spend?
• What are their spending habits?
Consumerism fuel 1- Social Network and Social Media
Consumerism fuel 2 – Online Shopping Platform
Consumerism fuel 3 – Promotion and Advertising
• Excessive Advertising
• Method of Advertising
• Questionable Marketing Practice
• The Consumer Black Box
FELIX’S & PATRICIA EXPENSE SUMMARY
26%
19%32%
22%
Patricia’s
Necessities
Socailizing
activities
Grooming
Miscalleano
us
49%
48%
3%
Felix’s
Neccesities
Clothing
Miscellaneo
us
VIEWS ON NECESSITIES
49% spend
on
necessities
Goods and
services which are
indispensable to
various roles in his
daily life
Boys 32% spent
on
necessities
Expenses
that are
unavoidable
Girls
My Role Activity
University Student • Transportation fee
• Breakfast, lunch, Tea
Boy Friend • Watching Movie, Shopping,
Going to country side,
cooking
Elder Brother • Birthday gifts
• Treat family a meal
FELIX’S VIEW ON NECESSITIES
Goods and services which are indispensable to various roles
in his daily life
PATRICIA’S VIEW ON NECESSITIES
Yes
Dinner with friends
Clothing
Entertainment (High -
tea/ dessert/ movie)
No
Lunch
Transportation
Basic skincare
expense
Is it avoidable?
WHERE ELSE DO THEY SPEND?
Boys
Sports
Appearance
Friendship
Girls
Grooming
Socializing
(dinner,
dessert, movie)
Miscellaneous
Sport Appearance Friendship
• Gym Room Monthly
Pass
• Top Wearing • Hang out in bar
• Sport Wear • Pants • Hang out in
restaurant
• Sport Equipment • Shoes • Playing sport in sport
center
WHERE ELSE DID FELIX SPEND?
WHERE ELSE DID PATRICIA SPEND?
Grooming Socializing
Miscellaneous
WHAT ARE THEIR SPENDING HABITS?
 Target and mission
 Don’t go “Shopping”
 Do research
 Spend more when he
is happy
 Shopping as a leisure
activities
 Lots of impulse
purchase
 Spend more when she
has emotional
fluctuation
Felix Patricia
CONSUMERISM FUEL
SOCIAL NETWORK AND SOCIAL MEDIA
 create, share and exchange information and ideas
in virtual communities and networks
SOCIAL MEDIA
Gather groups of people
with the same interest
Spread information /
feelings of products or
services
Make decision on
consumption/ Action
Gain
Power!
SOCIAL NETWORK
 Change people’s communication
 Free advertising
 Photo sharing
 Facebook fans page
 Games
Daily
habit/
Joy
share
commentlike
SOCIAL NETWORK
ONLINE SHOPPING PLATFORM
 Brands’ official website
 Taobao , Jshoppers
 Groupon
 eBay, Yahoo
 Convenient
 Cheaper
 No geographical influence
 No time restriction
Credit
card
Spend
more
ONLINE SHOPPING PLATFORM
 Group-buying
 “uBuyiBuy”
 Social activities
ONLINE SHOPPING PLATFORM
• Happiness
Prioritizing
• Additional
purchases
Buying
• Unwanted
things
Reselling
INFLUENCE OF PROMOTION AND
ADVERTISING
OVEREXPOSURE ON ADVERTISING
 Ads are everywhere
 MTR
stations, TV, billboards, buses, etc
…
METHOD OF ADVERTISING
 Creative Marketing Strategy
 Build strong brand that people sought after
 Attack consumers’ emotion
DECEPTIVE/ QUESTIONABLE PRICING STRATEGY
Volume discount
Deceptive pricing
THE TRICKY MARKETER OR OUR TRICKY BRAIN?
–THE CONSUMER BLACK BOX
Make use of the limited time to trigger your utmost
desire on the spur of the moment
 Small purchases
 Attractive offers
 Anchoring effects
HOW OUR BRAINS TRICK US
Things that lead to your fragility to marketers’ tricks
 Projection bias
 Effect of hunger
CONCLUSION
 Don’t browse social media too often
 Stick to your shopping list
 Think critically before buying
 More research
 Don’t always compare with others
 STICK TO YOUR VALUE OF LIFE
Consumerism and spending habits

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Consumerism and spending habits

  • 1. WHEN WHERE AND WHY DID OUR MONEY GO? DO BOYS AND GIRLS HAVE A DIFFERENCE?
  • 2. AGENDA Consumption pattern -- Boys v.s. Girls • Their views on necessities • Where else do they spend? • What are their spending habits? Consumerism fuel 1- Social Network and Social Media Consumerism fuel 2 – Online Shopping Platform Consumerism fuel 3 – Promotion and Advertising • Excessive Advertising • Method of Advertising • Questionable Marketing Practice • The Consumer Black Box
  • 3. FELIX’S & PATRICIA EXPENSE SUMMARY 26% 19%32% 22% Patricia’s Necessities Socailizing activities Grooming Miscalleano us 49% 48% 3% Felix’s Neccesities Clothing Miscellaneo us
  • 4. VIEWS ON NECESSITIES 49% spend on necessities Goods and services which are indispensable to various roles in his daily life Boys 32% spent on necessities Expenses that are unavoidable Girls
  • 5. My Role Activity University Student • Transportation fee • Breakfast, lunch, Tea Boy Friend • Watching Movie, Shopping, Going to country side, cooking Elder Brother • Birthday gifts • Treat family a meal FELIX’S VIEW ON NECESSITIES Goods and services which are indispensable to various roles in his daily life
  • 6. PATRICIA’S VIEW ON NECESSITIES Yes Dinner with friends Clothing Entertainment (High - tea/ dessert/ movie) No Lunch Transportation Basic skincare expense Is it avoidable?
  • 7. WHERE ELSE DO THEY SPEND? Boys Sports Appearance Friendship Girls Grooming Socializing (dinner, dessert, movie) Miscellaneous
  • 8. Sport Appearance Friendship • Gym Room Monthly Pass • Top Wearing • Hang out in bar • Sport Wear • Pants • Hang out in restaurant • Sport Equipment • Shoes • Playing sport in sport center WHERE ELSE DID FELIX SPEND?
  • 9. WHERE ELSE DID PATRICIA SPEND? Grooming Socializing Miscellaneous
  • 10. WHAT ARE THEIR SPENDING HABITS?  Target and mission  Don’t go “Shopping”  Do research  Spend more when he is happy  Shopping as a leisure activities  Lots of impulse purchase  Spend more when she has emotional fluctuation Felix Patricia
  • 12. SOCIAL NETWORK AND SOCIAL MEDIA  create, share and exchange information and ideas in virtual communities and networks
  • 13. SOCIAL MEDIA Gather groups of people with the same interest Spread information / feelings of products or services Make decision on consumption/ Action Gain Power!
  • 14. SOCIAL NETWORK  Change people’s communication  Free advertising  Photo sharing  Facebook fans page  Games Daily habit/ Joy share commentlike
  • 16. ONLINE SHOPPING PLATFORM  Brands’ official website  Taobao , Jshoppers  Groupon  eBay, Yahoo  Convenient  Cheaper  No geographical influence  No time restriction Credit card Spend more
  • 17. ONLINE SHOPPING PLATFORM  Group-buying  “uBuyiBuy”  Social activities
  • 18. ONLINE SHOPPING PLATFORM • Happiness Prioritizing • Additional purchases Buying • Unwanted things Reselling
  • 19. INFLUENCE OF PROMOTION AND ADVERTISING
  • 20. OVEREXPOSURE ON ADVERTISING  Ads are everywhere  MTR stations, TV, billboards, buses, etc …
  • 21. METHOD OF ADVERTISING  Creative Marketing Strategy  Build strong brand that people sought after  Attack consumers’ emotion
  • 22. DECEPTIVE/ QUESTIONABLE PRICING STRATEGY Volume discount Deceptive pricing
  • 23. THE TRICKY MARKETER OR OUR TRICKY BRAIN? –THE CONSUMER BLACK BOX Make use of the limited time to trigger your utmost desire on the spur of the moment  Small purchases  Attractive offers  Anchoring effects
  • 24. HOW OUR BRAINS TRICK US Things that lead to your fragility to marketers’ tricks  Projection bias  Effect of hunger
  • 25. CONCLUSION  Don’t browse social media too often  Stick to your shopping list  Think critically before buying  More research  Don’t always compare with others  STICK TO YOUR VALUE OF LIFE