New marketing strategies for online group-buying business from a social interaction theory perspective

Frontiers in Psychology 13 (2022)
  Copy   BIBTEX

Abstract

Companies that use online group-buying to get new business expansion opportunities at a price advantage are failing. Therefore, there is a need to develop new marketing strategies for group-buying companies to achieve market share and consumer favor. Given that consumers are society members, we used the social interaction theory to investigate the combination of factors that stimulate consumers’ purchase intentions. Fuzzy-set Qualitative Comparative Analysis was performed to evaluate different strategy configurations of social interaction elements, perceived quality, benefits and trust to promote purchase decisions from 406 group-buying consumer questionnaires. We revealed four pathways with different configurations that can prompt consumers to make group-buying decisions: information strategy, Word-of-Mouth strategy, sense of community strategy, as well as combining Word-of-Mouth and sense of community strategy. These strategies provide viable approaches through which group-buying companies can rationally use marketing programs to promote consumers’ purchase intentions.

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 91,349

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Feeling Off Balance? Need an Alignment?Linda C. Rodríguez & Ivan Montiel - 2008 - Proceedings of the International Association for Business and Society 19:162-171.
Consumers' Concerns with How They Are Researched Online.Caroline Moraes - 2017 - Business and Professional Ethics Journal 36 (1):79-101.

Analytics

Added to PP
2022-09-07

Downloads
5 (#1,505,296)

6 months
3 (#1,023,809)

Historical graph of downloads
How can I increase my downloads?

Author Profiles

Lu Jiang
Sun Yat-Sen University

Citations of this work

No citations found.

Add more citations

References found in this work

No references found.

Add more references