07.07.2016 Views

4IpaUJbnm

4IpaUJbnm

4IpaUJbnm

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Parson (2013) suggested that networking with consumers on Social Media may facilitate<br />

prospective consumers to turn into final consumers and later then become a pro social<br />

encourager to share their views, purchasing experience and any others feedback towards<br />

their purchase to encourage others consumers. A research study done by Pookulangara and<br />

Koesler (2011) indicated that social media enable usually 25% of all consumers to update<br />

others social media users with their purchase experience to post web links about products<br />

and services. According to Miller (2010), social marketing campaign has made very positive<br />

role in inducing consumers to buy online. He found that 70% of consumers are visiting Social<br />

Media to get useful information for their products and services while 49% of them made the<br />

decision to buy certain product and 60% of consumers prefer to share pre and post<br />

purchase information about the products with others online through social media. However,<br />

only 7% consumers are made purchasing process transactions (Miller and Lammas, 2010).<br />

Social media is very important not only for marketers but consumers too, organizations can<br />

follow their consumers and reconstruct their strategies to interact more with their<br />

consumers online, it means which reduce the "gap" between organizations and consumers.<br />

Internet and social media has changed the lives, at one stage, information was limited or<br />

only available through TV, radio, newspaper and magazines to consumers, but in recent<br />

time, there are hundreds of thousands of SNS available at consumer reach.<br />

Research methodology and data collection<br />

In order to better understand the Lithuanian consumer behavior this study is focused on<br />

primary data collection, the primary data of this research is collected by questionnaires<br />

from social media users in Lithuania. The questionnaire is sent to colleagues, friends, family,<br />

and other persons from different socio-economic and demographic background in Lithuania<br />

which would yield the sample size to be 120 respondents, in which 55% are female and 45%<br />

male. Participation was voluntary and the questions were formulated in national language<br />

Lithuanian and English. The data collected was analyzed using Statistical Package for Social<br />

Science for Windows (SPSS for Windows).<br />

The empirical section concentrates how the social media is influencing the consumers in<br />

Lithuania in buying behavior pattern from information search to post purchase feedback.<br />

This study is also intended to investigate how social media has interfered with the decision<br />

making process of millennials Lithuanian consumers. For the purpose of this study,<br />

quantitative data was gathered and utilized.<br />

Results and conclusions<br />

After the data collection and analysis it is concluded that Lithuanian consumers are fairly<br />

engaged with internet services daily or weekly bases. 70% users are daily internet users,<br />

while 94% millennials Lithuanian login their at least one social media account on daily basis.<br />

65% users used their laptop and 30% used their smartphone for internet browsing. 40 %<br />

users do shopping online, majority of consumers (62%) get to know about their goods and<br />

services through social media before purchase, Facebook, forums, reviews, company own<br />

website are on top to use for this purpose and 60% are browsing shops without any<br />

shopping. Majority of online consumer are aged between 22-40 years with college<br />

education, with average monthly earning is 450 euro, Facebook and YouTube are on top of<br />

the usage on daily basis with 94% and 90% respectively. According to consumers, they can<br />

179

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!