Behaviour Exchange: Why Do Companies Needs To Study Their Consumers Behaviour?
A lot of my crypto-friends ask me why I support Behaviour Exchange. How is their service make will their project become successful? How can companies make profit on getting their customers behavior? On this article, I will explain on why studying on customers behavior can improve the business or companies performances and how will Behaviour Exchange will be successful because of this.
How many times throughout the day do people make product decisions? If you stop to think about it, many product decisions are made every day, some without much thought. What should I wear? What should I eat? What am I going to do today? Many product decisions are answered routinely every day and they help move the economy of cities, countries and ultimately the world.
Understanding consumer behavior is important for any organization before launching a product. If the organization failed to analyze how a customer will respond to a particular product, the company might face huge losses. Consumer behavior is very complex because as human, each consumer has different mind and attitude towards purchase. The study of consumer behavior helps to understand how the buying decision is made and how they look for a product. Moreover, the understanding of consumer behavior also helps marketers to know the what, where, when, how and why of the consumption of product consumption. These help marketers or organizations to know the reason behind the purchase of product by consumers and how it satisfies them.
With this study, companies can now decide on what will be the product or services to offer, how to make it easily accessible, what will be the price and what is the best method of promotions and merchandizing to use.
In conclusion, consumer behavior is very important to the sales people or the marketers. As products are made to cater consumer's needs and demands, therefore, the products should be carefully marketed for the successful achievements of organizational goals. The study of consumer behavior helps them in analyzing different factors that has influence on the buying decision of the consumers. If the marketers failed to understand these factors, they would not meet their targets.
Sadly, companies need to hire other companies that specializes the study of their customers behavior which will make them pay a huge amount of money just to get those data. Why will they do that? They can get Behaviour Exchange services, which is way better, less expensive and decentralized.
How will Behaviour Exchange’s services make profitable in providing these services?
Their target customers are the B2C (Business to Consumer) companies where there are millions of them expanding in 10 countries at a time prioritizing those who have the most promising profile base and website network, starting from medium and large companies but I think they will also prioritize small size startups because they are the most aggressive ones. Behaviour Exchange will offer subscription packages to its business customers depending on the desired details of the customers, the number of visitors, the size of the company and the type of industry. You do the math when a million companies subscribe to this platform, it will be big and who are we for not want to become a part of this.
They will create its token called BEX token to stimulate the growth of the network and they will encourage their company customers to pay using BEX token for faster transaction and with a discount.
To my crypto-friends, hope you do now understand why I do fully support Behaviour Exchange. I know in few years’ time, this will be in the billion dollar company club. Great Project, Great Team, Great Concept!
For more information about Behaviour Exchange, please visit
Official Website (https://behaviour.exchange/?utm_source=bounty&utm_medium=content&utm_campaign=website)
Whitepaper: (https://behaviour.exchange/wp-content/uploads/2017/11/BEX_Whitepaper.pdf?utm_source=bounty&e!
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