Research Methods Essay Example | Topics and Well Written Essays - 2000 words

Research Methods - Essay ExampleThe phenomenon for lavishness goods has changed as in that respect 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 stirred up appeal and superior performance (Silverstein and Fiske, 2008 35). This paper studies the online behaviour of male consumers among the yearss of 25-28 regarding luxury. This section of the population has been observed to be principally obtain for fashion clothing, electronics, fragrances, diversion and cosmetics in the online market. Statement of the Problem In the past, luxury brands were for the few privileged shoppers, but now with the invention of online obtain and affordability consumption of these products h as increased among the young males (GoMo News, 2013). new studies reveal carried out in the UK market that spending on luxury products has increased by 50 percent in the past ten long time as compared to the7 percent increase in spending on basic goods (Keane and McMillan 2004 30 Frost and Sullivan,2012). In addition to, the rising trend of online spending has resulting to numerous challenges and opportunities to the luxury brands (Goldsmith, 2002 25 Eroglu et al., 2003 140). It is therefore imperative for luxury brand mangers 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 the online sales and marketing. The current study seeks to get an understanding of t he online behaviour of male consumers between the ages of 25 to 28 regarding luxury shopping. Aims and Objectives 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 junior generation due to the effect of the internet (Hauck and Stanforth, 2007 175). This paper studies on the behaviour for male online shoppers between ages 25 to 28. Past studies have overlooked the motivational factors centre 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 qualification. Objectives To study how the gender and age affects the shopping tendencies of onli ne 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. Research Questions Do age and gender impact on the consumers perception of luxury products? Why do people in this age bracket opt for the