Raffle marketing: Focusing on purchase orientation, conspicuous consumption, postpurchase satisfaction, and repurchase intention
- Authors
-
-
Inyup Lee
Humanitas College, Kyung Hee University
-
Dong-Kyu Kim
Graduate School of Technology Management, Kyung Hee University
-
Jaehyun Ha
Department of Sport Marketing, Keimyung University
-
Chulhwan Choi
Department of Physical Education, Gachon University
-
- Keywords:
- raffle marketing, limited-edition product, purchase orientation, conspicuous consumption, postpurchase satisfaction, repurchase intention, postpurchase behavior
- Abstract
-
As a marketing strategy to stimulate consumers’ spending desires, limited-edition products are now being sold through raffles. Using data obtained from 365 consumers who had previously purchased sports shoes, the results revealed differences between consumers who had participated in raffles and those who had not in terms of their purchase experience, propensity toward conspicuous consumption, and intention to repurchase. Propensity toward both purchases made for entertainment and impulsive purchasing were statistically higher in the group who had participated in raffles. Regarding conspicuous consumption propensity, the group who had participated in raffles showed a stronger tendency to buy famous brands, seek others’ recognition, and pursue fashion trends. Although the difference in postpurchase intention between the two groups was not statistically significant, those who had participated in raffles showed stronger repurchase intentions. The results indicate that the sales method for limited-edition products can affect the purchase propensity of consumers and their postpurchase behavior.
- References
- Downloads
- Published
- 2022-10-05
- Issue
- Vol. 50 No. 10 (2022)
- Section
- Articles
- License
-
Author(s) agree that copyright of an article published in SBP Journal is transferred from the author(s) to the journal publisher (Scientific Journal Publishers Limited) upon publication.
Disclaimer
Social Behavior and Personality maintains an open editorial policy and may or may not endorse the conclusions made in its published articles. Neither the journal nor its publisher, editors or staff assume any responsibility for any material considered to be offensive or defamatory, or for obtaining any copyright permissions necessary for publication of articles.