STUDENTS' CORNER
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Volume 4(5)
Consumer Impulse Buying Behavior: A Study Based on Empirical Findings
Consumer impulse buying behavior refers to
unplanned and spontaneous purchases driven by emotional, psychological, and
environmental factors. In the modern era, impulse buying has increased
significantly due to advancements in marketing strategies, digital platforms,
and changing consumer lifestyles. Businesses actively design retail
environments and promotional strategies to stimulate such behavior.
The present study reveals that impulse
buying is more prevalent among younger individuals, especially students, who
are highly exposed to social and digital influences. Their engagement with
trends, technology, and peer groups increases their tendency to make
spontaneous purchases. Gender differences are also evident, with female
consumers showing a relatively higher inclination toward impulse buying
compared to males. Similarly, unmarried individuals demonstrate greater
flexibility in spending, making them more prone to impulsive purchases than
married individuals with financial responsibilities. Psychological and
emotional factors play a crucial role in influencing impulse buying behavior.
Feelings such as happiness, excitement, and positive mood significantly
encourage spontaneous purchases. Social factors, particularly shopping with
friends or family, further amplify this tendency, highlighting the role of peer
influence in shaping consumer decisions.
Marketing strategies remain one of the
strongest drivers of impulse buying. Discounts, promotional offers, and
attractive packaging stimulate immediate purchase decisions, while social media
advertisements emerge as a highly influential tool compared to traditional
advertising methods. Repeated exposure to advertisements also reinforces
consumer interest and increases the likelihood of unplanned purchases.
The income-based findings of the study can
be explained using the Keynesian Consumption Theory, which states that
consumption increases with income. The dominance of middle-income consumers
indicates that individuals with moderate earnings have sufficient disposable
income to engage in impulse purchases after meeting their basic needs.
Similarly, higher-income groups exhibit a greater tendency toward consumption
due to increased purchasing power. In contrast, lower-income individuals
prioritize essential spending, limiting their involvement in impulse buying.
Thus, the study supports the Keynesian view that income plays a significant
role in determining consumption behavior, including impulsive purchasing
patterns.
The findings also highlight important
financial implications, as frequent impulse buying can affect savings, increase
financial stress, and occasionally lead to borrowing. Thus, impulse buying
behavior is a multidimensional phenomenon requiring a balance between
consumption and financial discipline. impulse buying is influenced by multiple
factors, including demographics, emotional triggers, marketing strategies, and
financial stability. Young adults, particularly students and female consumers,
are more like to impulse purchases, often driven by happiness, discounts, and
social media advertisements. The discounts, advertisements, and peer influence
encourage impulse buying. While many consumers recognize the impact of impulse
buying on their financial well-being, only a few actively track or set limits
on their spending.
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