Hi, need to submit a 2250 words paper on the topic Online Behaviour of Young Adults Regarding Luxury Shopping.
Hi, need to submit a 2250 words paper on the topic Online Behaviour of Young Adults Regarding Luxury Shopping. The phenomenon for luxury goods has changed as there has been the emergence of ‘new luxury’ products that are commonly consumed by the middle class. Conversely, ‘old luxury’ products include brands like Dolce and Gabbana, HUGO BOSS and Louis-Vuitton are not as widely consumed as the ‘new luxury’ among the middle-income young consumers. In a nutshell, the ‘new luxury’ products stand out among the consumers due to their emotional appeal and superior performance (Silverstein and Fiske, 2008: 35). This paper studies the online behaviour of male consumers between the ages of 25-28 regarding luxury. This section of the population has been observed to be mainly shopping for fashion clothing, electronics, fragrances, entertainment and cosmetics in the online market.
In the past, luxury brands were for the few privileged shoppers, but now with the invention of online shopping and affordability consumption of these products has increased among the young males (GoMo News, 2013). Recent studies reveal carried out in the UK market that spending on luxury products has increased by 50 per cent in the past ten years as compared to the 7 per cent increase in spending on basic goods (Keane and McMillan 2004: 30. Frost and Sullivan,2012). In addition, the rising trend of online spending has resulted in numerous challenges and opportunities to the luxury brands (Goldsmith, 2002: 25. Eroglu et al., 2003: 140). It is therefore imperative for luxury brand managers to get a comprehensive understanding of why consumers buy luxuries. It is important to note that consumers mainly in the age bracket of 25- 28 years buy to impress (Fan and Burton, 2002: 26. Martin and Turkey, 2004: 464). There has been an emerging view that there are two types of luxury good consumption, personally oriented and socially oriented and they should be considered in online sales and marketing. The current study seeks to get an understanding of the online behaviour of male consumers between the ages of 25 to 28 regarding luxury shopping.
Consumer behaviour towards online shopping for luxury goods is highly dependent on age and gender. This is because the older generation views luxury differently from the younger generation due to the effect of the internet (Hauck and Stanforth, 2007: 175). This paper studies the behaviour for male online shoppers between ages 25 to 28. Past studies have overlooked the motivational factors affection the consumer behaviour in the purchase of ‘new luxury’ goods (Twitchell, 2003: 43. Parker and Schaefer, 2004: 176). The study will analyse the deep motivation factors including image, fashion and media. The paper looks at the shopping tendencies for male shoppers between the ages of 25 to 28 years for luxury goods in the online market and the motivational factors behind their decision making. To study how gender and age affect the shopping tendencies of online male shoppers.
To study the motivational factors affecting the purchase of luxury products by online shoppers in the UK. To give an understanding of the various internal psychological processes decision making with regards to the consumption of luxury goods. .After deciding to conduct this research, questions relating to this topic and the specific problems to be considered may begin. In this way, the motivation and objectives of the study are founded. .  . .
