Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)

Towards Better Understanding for Consumer Personalization in Marketing

Authors
Jincheng Wang1, *, Yihui Sun2
1Financial Management, Hainan University, Danzhou, 571737, China
2Accounting and Finance, University of Surrey, Guildford, GU2 7X, UK
*Corresponding author. Email: 1842089303@qq.com
Corresponding Author
Jincheng Wang
Available Online 7 May 2024.
DOI
10.2991/978-94-6463-408-2_27How to use a DOI?
Keywords
Customer personalized classification 1; Household annual income 2; Customer attributes 3; Consumption type 4
Abstract

The purpose of this study is to explore the role of customer attributes in explaining customer consumption preferences. Through the different personal situation of customers, the consumption choice of customers is classified and discussed. Specifically, the annual household income, the customer’s education background, age, marital status and whether there are minors in the family have different degrees of influence on the consumption type of the customer. This can effectively help enterprises classify different ideal customer groups. This study used SPSS auxiliary research data. The practical problems are studied by statistical methods such as multiple linear regression analysis, factor analysis and normal test. Through them to the subject questions to carry out data interpretation and answer. Three conclusions are drawn from our research: 1. The difference between high and low household annual income will affect customers’ consumption choices. 2.The differences in education, age and marital status will affect the annual household income of customers and thus affect their consumption. 3.Whether there are minors at the customer’s home will affect the expenditure of wine and sweet. This study provides new insights into enterprise personalization analysis. It is helpful for enterprises to formulate marketing strategies and realize precise operation when facing different customers. Carry out different personalized services for different customer groups. The limited resources will be allocated to customers with different personalities to achieve the maximum benefit.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
7 May 2024
ISBN
978-94-6463-408-2
ISSN
2352-5428
DOI
10.2991/978-94-6463-408-2_27How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Jincheng Wang
AU  - Yihui Sun
PY  - 2024
DA  - 2024/05/07
TI  - Towards Better Understanding for Consumer Personalization in Marketing
BT  - Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
PB  - Atlantis Press
SP  - 230
EP  - 241
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-408-2_27
DO  - 10.2991/978-94-6463-408-2_27
ID  - Wang2024
ER  -