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Consumer Market Preferences in Lagos

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0% found this document useful (0 votes)
8 views5 pages

Consumer Market Preferences in Lagos

Uploaded by

wys2kg2smp
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

We interviewed 35 consumers…

71.4% (25) of them are situated in different markets across Lagos state

28.6% (10) of them are situated in the Sagamu market in Ogun state

LAGOS STATE (25)


16 retailers in age range 18 – 30

5 retailers in age range 31 – 40

3 retailers in age range 41 – 60

1 retailer in age range 61 and above

MARKET PREFERENCES
(32%) 8 consumers selected ‘Neighborhood Market’ as their preferred shopping market

• Out of these, 4 gave ‘Quality’ as the reason for their preference


• Out of these, 3 gave ‘Proximity’ as the reason for their preference
• Out of these, 1 gave ‘Experience’ as the reason for their preference
• Out of these, 6 are in age range 18 – 30
• Out of these, 1 is in age range 41 – 60
• Out of these, 3 visit their NH monthly
• Out of these, 2 visit their NH weekly
• Out of these, 2 visit their NH daily
• Out of these, 5 make impulsive purchases
• Out of these, 3 stick to their shopping list
• Out of these, 4 spend below 10,000 per visit
• Out of these, 1 spends between 10,000 – 20,000
• Out of these, 1 spends between 30,000 – 50,000
• Out of these, 1 spends between 50,000 – 100,000
• Out of these, 1 spends between above 100,000
• Out of these, 3 are Brand switchers
• Out of these, 5 are Brand Loyalists
• Out of these, 6 considered ‘Quality’ as the first factor that affects their purchase decision
• Out of these, 2 considered ‘Convenience’ as the first factor that affects their purchase decision
• Out of these, 5 stated that proximity of the NH is ‘Very Important’ to their decision-making
process
• Out of these, 6 affirmed ‘Yes’ to seeking recommendations or opinions from others before
making a purchase
• Out of these, 2 affirmed ‘No’ to seeking recommendations or opinions from others before
making a purchase

(68%) 17 consumers selected ‘Open Market’ as their preferred shopping market

• Out of these, 12 gave ‘Price differences’ as the reason for their preference
• Out of these, 4 gave ‘Quality’ as the reason for their preference
• Out of these, 1 gave ‘Proximity’ as the reason for their preference
• Out of these, 10 are in age range 18 – 30
• Out of these, 5 are in age range 31 – 40
• Out of these, 2 are in age range 41 – 60
• Out of these, 6 visit their OM monthly
• Out of these, 9 visit their OM weekly
• Out of these, 1 visits their OM daily
• Out of these, 5 make impulsive purchases
• Out of these, 12 stick to their shopping list
• Out of these, 1 spends below 10,000 per visit
• Out of these, 11 spend between 10,000 – 20,000
• Out of these, 4 spend between 30,000 – 50,000
• Out of these, 1 spends between 50,000 – 100,000
• Out of these, 3 are Brand switchers
• Out of these, 13 are Brand Loyalists
• Out of these, 7 considered ‘Quality’ as the first factor that affects their purchase decision
• Out of these, 5 considered ‘Price’ as the first factor that affects their purchase decision
• Out of these, 2 considered Variety’ as the first factor that affects their purchase decision
• Out of these, 2 considered ‘Brand’ as the first factor that affects their purchase decision
• Out of these, 1 considered ‘Convenience’ as the first factor that affects their purchase decision
• Out of these, 8 stated that proximity of the OM is ‘Very Important’ to their decision-making
process
• Out of these, 9 affirmed ‘Yes’ to seeking recommendations or opinions from others before
making a purchase
• Out of these, 8 affirmed ‘No’ to seeking recommendations or opinions from others before
making a purchase

BUYING HABITS (=23*)


(39.1%) 9 consumers visit the market ‘Monthly’

• Out of these, 7 are in age range 18 – 30


• Out of these, 2 are in age range 41 – 60
• Out of these, 3 make impulsive purchases
• Out of these, 6 stick to their shopping list
o Out of these, 3 spend between 30,000 – 50,000
o Out of these, 4 are brand loyalists
• Out of these, 2 spend between 10,000 – 20,000
• Out of these, 4 spend between 30,000 – 50,000
• Out of these, 2 spend between 50,000 – 100,000
• Out of these, 1 spends between above 100,000
• Out of these, 2 are Brand switchers
• Out of these, 6 are Brand Loyalists

(47.8%) 11 consumers visit the market ‘Weekly’

• Out of these, 6 are in age range 18 – 30


• Out of these, 4 are in age range 31 – 40
• Out of these, 1 is in age range 41 – 60
• Out of these, 2 make impulsive purchases
• Out of these, 9 stick to their shopping list
o All 9 spend between 10,000 – 20,000
o Out of these, 7 are brand loyalists
• Out of these, 9 spend between 10,000 – 20,000
• Out of these, 1 spends between 30,000 – 50,000
• Out of these, 1 spends below 10,000
• Out of these, 4 are Brand switchers
• Out of these, 7 are Brand Loyalists

(13.1%) 3 consumers visit the market ‘Daily’

• All 3 are in age range 18 – 30


• All 3 make impulsive purchases
• All 3 spend between below 10,000
• All 3 are Brand Loyalists

BRAND LOYALTY (=23*)


(73.9%) 17 consumers affirmed that they are ‘Brand Loyalists’

• Out of these, 8 mentioned ‘Quality’ as their reason for brand loyalism (regardless of price)
• Out of these, 5 mentioned ‘Trust’ as their reason for brand loyalism (i.e. used to)
• Others mentioned consistency, availability, product enjoyment and brand support

• Out of these, 9 considered ‘Quality’ as the first factor that affects their purchase decision
• Out of these, 4 considered ‘Price’ as the first factor that affects their purchase decision
• Out of these, 1 considered Variety’ as the first factor that affects their purchase decision
• Out of these, 2 considered ‘Brand’ as the first factor that affects their purchase decision
• Out of these, 1 considered ‘Convenience’ as the first factor that affects their purchase decision

(26.1%) 6 consumers affirmed that they are ‘Brand Switchers’


• Out of these, 2 mentioned ‘Price’ as their reason for brand switching
• Out of these, 2 mentioned ‘Availability’ as their reason for brand switching
• Others mentioned variety and quality

• Out of these, 5 considered ‘Quality’ as the first factor that affects their purchase decision
• Out of these, 1 considered ‘Convenience’ as the first factor that affects their purchase decision

DECISION MAKING PROCESS


(52%) 13 considered ‘Quality’ as the first factor that affects their purchase decision

• Out of these, 7 affirmed ‘Yes’ to seeking recommendations or opinions from others before
making a purchase
• Out of these, 6 affirmed ‘No’ to seeking recommendations or opinions from others before
making a purchase
• Out of these, 6 stated that proximity of the OM is ‘Very Important’ to their decision-making
process

(20%) 5 considered ‘Price’ as the first factor that affects their purchase decision

• Out of these, 4 affirmed ‘Yes’ to seeking recommendations or opinions from others before
making a purchase
• Out of these, 1 affirmed ‘No’ to seeking recommendations or opinions from others before
making a purchase
• All 5 stated that proximity of the OM is ‘Very Important’ to their decision-making process

(12%) 3 considered ‘Convenience’ as the first factor that affects their purchase decision

• Out of these, 1 affirmed ‘Yes’ to seeking recommendations or opinions from others before
making a purchase
• Out of these, 2 affirmed ‘No’ to seeking recommendations or opinions from others before
making a purchase
• Out of these, 1 stated that proximity of the OM is ‘Very Important’ to their decision-making
process

(8%) 2 considered ‘Brand’ as the first factor that affects their purchase decision

• Out of these, 1 affirmed ‘Yes’ to seeking recommendations or opinions from others before
making a purchase
• Out of these, 1 affirmed ‘No’ to seeking recommendations or opinions from others before
making a purchase

(8%) 2 considered ‘Variety’ as the first factor that affects their purchase decision

• Both affirmed ‘Yes’ to seeking recommendations or opinions from others before making a
purchase
• Out of these, 1 stated that proximity of the OM is ‘Very Important’ to their decision-making
process

SOCIAL INFLUENCE
(60%) 15 consumers affirmed ‘Yes’ to seeking recommendations or opinions from others before making
a purchase

• Out of these, 12 are in age range 18 – 30


• Out of these, 1 is in age range 31 – 40
• Out of these, 1 is in age range 41 – 60

(40%) 10 consumers affirmed ‘No’ to seeking recommendations or opinions from others before making
a purchase

• Out of these, 4 are in age range 18 – 30


• Out of these, 4 are in age range 31 – 40
• Out of these, 2 are in age range 41 – 60

Are there specific reasons why you prefer to purchase certain brands?

• 9 consumers mentioned Quality


• 3 consumers mentioned Taste
• 3 consumers mentioned Price

Are there any specific improvements or changes you would like to see in the Nestlé brand or products?

• 6 consumers mentioned Price


• 10 consumers mentioned Product Improvement factors;
o 2 mentioned a reduction in size of Milo
o 2 mentioned the melting of Maggi cubes
o 2 mentioned congealing of Milo
o 2 mentioned improving quality and / taste
o 1 mentioned improving availability*

OGUN STATE (10)

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