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Tiêu đề The Effectiveness of Tik Tok on Female Consumers' Decision Buying Cocoon Sunscreen in FPT University HCM Campus
Tác giả Tạ Hoài Linh, Trần Hoàng Anh, Phạm Minh Ngọc, Dương Nhi, Phạm Kiều Anh
Trường học FPT University
Chuyên ngành Marketing
Thể loại Graduation Project
Năm xuất bản 2023
Thành phố Ho Chi Minh City
Định dạng
Số trang 13
Dung lượng 1,34 MB

Nội dung

The purpose of this research is to analyse the influence of Tik Tok media on buying interest, consumer purchasing decisions, and to analyse buying interest as a mediation on purchasing d

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Milestone 1 The effectiveness of Tik Tok on female consumer's decision buying Cocoon Sunscreen in FPT University HCM Campus

MEMBERS

What is TikTok?

It is a social networking platform for short-form mobile video and the foundation of this app is creative expression and gives users the tools to produce fun, joyful content Users have the ability to search for sounds from an array of music options to score into the video and engage with other individuals through response or duets TikTok is becoming an application that competes with giants like: Facebook, Instagram, Youtube when this platform is passionate about creativity and entertainment for users

After 5 years since its launch in 2016, downloaded 3 Billion times, reaching 383

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million instals in the first half of 2021, This rate continues to increase rapidly, becoming a special audience for young people In 2021, Vietnam is the country with the highest number of TikTok users in Southeast Asia, with TikTok having 3 million instals (mostly youngsters) On average, each person spends 28 minutes/day accessing TikTok

Cocoon Viet Nam

Cocoon Vietnam is a Vietnamese brand that specialises in providing vegan cosmetic and skin care products The brand focuses on providing high quality products with natural and organic ingredients to serve the needs of Vietnamese consumers

- Cocoon belongs to Y&B Joint Stock Company

- Company Headquarters: 14D1, Quarter 1A, National Highway 1A, Tan Thoi Hiep Ward, District 12, Ho Chi Minh City, Vietnam

- Representative: Mr Nguyen Ngoc Bao In September 2020, Cocoon was certified

"not tested on animals and vegan" by the global animal welfare organisation PETA

I LITERATURE REVIEWS

Keywords: Kem chống nắng, Cocoon, TikTok, Promotion, Mỹ phẩm, Cosmetics, KOL

1 RESEARCH PROBLEM

Tik Tok is a popular product sales promotion media with hundreds of thousands of users worldwide It is used by businesses and young people to promote their products or businesses, and many are successful Advertising is used to put something in the minds of consumers and encourage them to take action, which can lead to immediate sales and future sales

The link between promotions and purchasing decisions is a way of introducing,

communicating the benefits of a product/service, and inviting consumers to use the products offered

It is expected to be useful for producers to use Tik Tok social media as a promotional media, and as information for further researchers to develop this research The purpose of this research is to analyse the influence of Tik Tok media on buying interest, consumer purchasing decisions, and to analyse buying interest as a mediation on purchasing decisions for cosmetics products According to Febriana and Yulianto (2018), purchase decisions from buyers are strongly influenced by cultural, social, personal, and psychological factors High consumer purchasing decisions can result in high sales volume so that the company’s profits are higher

To achieve high profits, the company must take into account consumer purchasing decisions for these goods/services

2 CONTRIBUTION

The study can benefit both academics and practitioners by expanding on generation Z's

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motivators to buy products through the influence of Tiktok

Data from app research firm Sensor Tower shows that TikTok has become the most downloaded non-game app worldwide as of August 2020 This data shows a shift in the tech industry, leading to TikTok becoming a powerful social media platform and having a great influence on the perception and behaviour of Gen Z However, there are few studies on the influence of TikTok on consumer purchase intentions, leading to the lack of evidence in the market describing a direct correlation between TikTok and consumer purchasing behaviour This study aims to address this issue by conducting research specifically on GenZ to find the correlation between their buying behaviour with TikTok and is expected to be useful for producers to use Tik Tok social media as a promotional media, and as information for further researchers to develop this research

3 USER GENERATED CONTENT

“User-generated content comes from regular people who voluntarily contribute

data,information, or media that then appears before others in a useful or entertaining way, usually on the Web” (Krumm, Davies and Narayanaswami, 2008, p.10) The evolution of network 14 technologies, along with the accessibility and acquisition of smartphone devices has exponentially increased user-generated content (UGC) and these images and videos are created with the intention of being published and shared on social media sites like such

as Facebook, YouTube and TikTok ( Li et al 2020, p.1) Social media is thereby defined as

"a group of Internet-based applications that build on the ideological foundations of web 2.0, and that allow the creation and exchange of User Generated Content" (Kaplan and Haenlein, 2010, p 63) Social media's main strength is its capacity to spread knowledge and gain awareness, giving numerous artists the chance to engage with the general public

3.1 WORD OF MOUTH

Word-of-mouth has a definite meaning that “Oral, person-to-person communicating between

a perceived non-commercial communicator and a receiver concerning a brand, a product, or

a service offered for sale” (Arndt, 1967, p.190 cited in Oetting, 2009, p.40) Users may now instantly communicate and get feedback thanks to technology Understanding the impact of word-of-mouth in the internet arena is more important than ever given the present meteoric increase of user-generated content (Oetting, 2009, p.40).Consumers now immensely respect and signify self-expression and brands should have the ability to capitalise on user-generated products as much as user-user-generated content (Kelly and Kotler, 2016 p.290)

3.2 IMPACT OF USER GENERATED CONTENT

User-generated content has become one of the primary driving and important factors of internet information today as a result of the expansion of social media.Word-of-mouth has a definite meaning (Dennhardt, 2014, p.57) UGC has begun to act as the connecting tissue between a business and its customers as the audience now makes educated buying decisions by evaluating things online Users now have the ability to offer comments about companies, products, and services (GatherVoices, no date)

3.3 INTERNET INFLUENCERS/CREATORS

Due to the ability to share and disburse content to their networks, social networking platforms have become the hub for content marketing (Ramos, 2013, p.97) Influence, however, can “be broadly defined as the power to affect a person, thing or course of events” (Brown and Hayes, 2008, p 49) According to Baker (2020), persons that have hundreds or

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even millions of followers on social networking sites like Instagram, YouTube, Facebook, or Twitter are considered modern-day influencers on social media Social media influencers, according to Freberg et al (2010), are individuals or producers who “represent a new type of independent third party endorser who shape audience attitudes through blogs, tweets, and the use of other social media”

3.4 TIKTOK

There is no denying the influence of Tiktok today, when Tiktok reaches a significant number

of users and usage time With the function to ‘provide a variety of full-screen vertical short-form video content, pioneering the trend of video consumption around the world’ (TikTok, 2020), Tiktok attracts lots of users nowadays

The goal of marketing is to recognize and satisfy societal and human needs The phrase "meeting needs profitably" is one of the best and quickest definitions of marketing (2016), page 27 (Keller and Kotler) Video formats is a powerful approach for companies to stand out from the crowd and this could be from

funny to educational, inspiring, or motivational videos Videos might be able to connect with viewers in a way that other media can't by adding a personal touch and grabbing their attention (Walter and Gioglio, 2014, p.34)

3.4.2 PRODUCT REVIEWS ON TIKTOK

Product reviews may be divided into two categories: positive and negative A good may be defined as information that is supplied in-depth and convincingly about a product to assist other readers in making buying decisions While a negative review provides just scant details and perhaps inaccurate specifications about a product Others could also view it as spam or a phony (Zhiguo, et al, 2011, p.330) The hashtag “Tiktok made me buy it” became a trend and it hit 3 million views (Tiktok, no date) Currently, the products reviewed are very diverse from food, cosmetics, home appliances, real estate, …

3.5 CUSTOMER BEHAVIOUR

According to Solomon, Bennett, and Previte (2013), "Consumer behavior is the study of the processes involved when individuals or groups select, purchase, use, or dispose of products, services, ideas, or experiences to satisfy needs and desires." Keller and Kotler (2016, p.179) stated that consumer’s buying behaviour is affected or influenced by factors including cultural, social, and personal These factors can affect customers' decisions to purchase or use products and services, but cultural influences have the biggest impact Customers' purchase intent varies based on the quality, timing, and price, and they may consider all these factors to get to the conclusion or have the intention to purchase the most favored brand (Keller and Kotler, 2016, p.198)

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II Proposal of research

1 Purpose of this research

The purpose of the proposed research is to collect information on the attitudes, behaviours, and motivations of female customers when using Tik Tok to make a decision to buy Cocoon sunscreen in FPT University HCM Campus

Key question we will implemented into the topic ( 5-10 questions)

● What are the important factors for women's purchasing decisions on the Tik Tok platform?

● What are the strengths and weaknesses of the Tiktok platform when customers experience shopping?

● Frequency of female buying experience on Tiktok platform

● Weaknesses that need to be improved and overcome in the buying experience on this platform?

● How effective is the Tiktok platform compared to other platforms when female customers experience buying Cocoon sunscreen?

● What is the demographic & Psychographic profile of customers buying Cocoon Sunscreen ?

● How do customers review when buying Cocoon Sunscreen ?

● What factors affect sunscreen buying behavior on Tiktok platform?

● How does Tiktok affect female consumers' decisions of buying Cocoon Sunscreen ?

2 Types of study

To collect data from the answer that we have surveyed 10% of the female students in FPT University Campus Ho Chi Minh, the research will be conducted in 2 methods which is descriptive and causal research

On the study topic, deciding to choose descriptive because it can contain informational data about the behaviour, customer’s awareness of Cocoon Sunscreen and also the demographic profile

The causal research can help the decision maker or the manager observe all the potential factors that can affect increasing the sale and brand indentification then changing the appropriate marketing strategy

3 Definition of target population and sample

Population: 3479 female students at FPT University Ho Chi Minh campus Sample size: 350 people belonging to 10% of the total number of female students of FPT University based on the 2 methods

Duration: 14 days

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4 Sample design and data collection

Based on our observation of this study, using survey data collection to survey 10%

of female students (350 people) of FPT University who use tik tok about the effectiveness of tik tok in making decisions to buy Cocoon sunscreen products All the questionnaires should be managed and collected by sending Google form in

2 ways which is direct and indirect Half of the respondents will fill out the survey in the privacy of their home or without the presence of the interviewer via email And the other half would fill out the survey in the class

5 Specific Research Instrument

There are 2 methods that can be used in the proposed study which are descriptive and causal design Identifying the concepts and measuring variables related to the problem In chapter 7 we will measure and define variables such as the frequency of female customers using Tiktok to buy Cocoon Sunscreen or the quality of using Cocoon Sunscreen effect on the buying behaviour of female customers

6 Potential Managerial Benefits of the Proposed Study

After the findings of the research study, the knowledge will enable the marketing manager of the Cocoon Company to analyse and decide the appropriate solution and strategy for the next marketing campaign The study will assist the manager:

Better understanding of female behaviours and motivations of female students of FPT University when using Tik Tok to make decisions to buy Cocoon sunscreen products from this platform

Providing the findings of the study about the effectiveness of tik tok platform to help students make decisions to buy Cocoon sunscreen products

Develop better insights and adjust the right promotion and tactics on their next campaign

7 Profile of the Research company capabilities

Description of researchers: The research team is a student majoring in digital marketing at FPT University This research is conducted to use for the subject Marketing Research (MKT301)

III.Secondary data

This part contains secondary data from popular and scholarly sources, as the study requires estimating the effectiveness of Tik Tok on Female consumers' decision to buy Cocoon Sunscreen All these study varieties are data variables that analyse how the TikTok platform

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benefits not only skincare products but also the sunscreen of Cocoon The research is using this collected information for the study, therefore, the present study is secondary due to the data collection approach

1 Scholarly sources

1.1 Population and sample

According to the statistics of Statista.com in 2020, the average person spends 135 minutes a day using social networks To connect more with customers as well as bring interesting product videos and user experiences, Cocoon officially launched on the TikTok platform with the account: Cocoon Vietnam The population of the study is the cocoon Viet Nam listed on Tiktok is and the huge number of potential customers is 122,2K followers in 2023 According

to Metta Darmatama, Rezi Erdiansyah (2021)

The use of TikTok's social media, which is becoming more and more popular among young people, has piqued the interest of advertisers in promoting beauty items The study's 96 participants revealed that social media advertising on TikTok and the image of beauty products together had a considerable impact on customer purchasing decisions

1.2 Buying attitude of customer segmentation

Following the data of Pairo Veliz, Katherine Andrea (2022), The essence of buying attitude of women with Green Skincare products is “The green skincare industry has grown exponentially over the last few years as young generation groups like Millennials express their desire for products with natural or organic ingredients.” As we can see that Cocoon is a brand leading the trend of vegan cosmetics in Vietnam with international certificates to ensure the safety of the product's 100% vegan ingredients To gather data on this theory, An Exploratory Study of Consumers’ Knowledge and Attitudes about Lignin-Based Sunscreens and Bio-Based Skincare Products- Mrs Nežka Sajinčič( 2021) is that in recent decades, the usage of cosmetics and personal care products has increased significantly across all genders, with a global market value of USD 380.2 billion in 2019 and a predicted increase to USD 463.5 billion by 2027 Skin and sun care products designed to improve the skin's appearance, shield it from flaws, and prevent the skin from being damaged by ultraviolet (UV) rays dominate the personal care industry

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2 Popular sources

The Goal of Exploratory Economic Data is to explore the quarterly sale information

on other E-commer based on metric.vn (2023) that Assessing The cocoon market, business shops can sell at popular prices from 100,000 to 200,000 ₫ The most distributed and sold cocoon brands are Cocoon, Herbario, The Cocoon, The cocoon original Vietnam, Senka, etc Cocoon Vietnam market report has a total sales of 281.5 million VND and a growth of 46.6% in the quarter with brands such as Herbario, cocoon Following the news on Thanhnien.vn provides data that in Vietnam, entertainment shopping revenue in 2022 is estimated by BCG (Boston Consulting Group) at 1.8 billion USD and will reach more than 8 billion USD in sales

by 2025 Cocoon is one of the brand participants in Tiktok in order to entice these consumers and analyse the effect it had on TikTok users

2 Methodology

2.1 Research design

There are three main types of research design: Exploratory, descriptive, and causal Each type of research has a different goal, so for the study on The effect of Tik Tok on the decision

to buy Cocoon sunscreen for female students at FPT university in Ho Chi Minh City, we used two types of research design that is descriptive and causal

Firstly, Descriptive Research Design is a research method used to describe, synthesise, and analyse key characteristics of data in a detailed and comprehensive manner It focuses on describing a current phenomenon, event, or condition without intervention or change on the part of the researcher Using descriptive research design through survey it is possible to obtain information about the behaviour, attitudes and motivations of female students of FPT University when using Tik Tok to make decisions to buy Cocoon sunscreen and also the demographic profile

Secondly, Causal Research Design is about examining the causal relationship between specifically identified marketing variables The researcher must be able to articulate the research question and variables Using this research method, it was possible to determine whether tik tok has any influence on the purchase decision of anti-wrinkle cream The probability of purchasing Cocoon sunscreen among female students of FPT University through the causal relationship between these two variables This study design also helps decision makers or managers to observe all the potential factors that can influence the increase in sales and brand recognition to change the marketing strategy and achieve the research goal

Finally, We do not use exploratory research because the research objectives are clearly defined and need to collect accurate customer data to answer specific research questions,

so using exploratory research design methods would not be suitable In this case, descriptive and causal research methods can be used to collect target data in a specific and precise manner

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2.2 The population of the study

After collecting data from the student services of FPT University in Ho Chi Minh City, it is about 3479 female students that are still studying Accepts from the other that have transferred to another facility or quit can not be counted From the equation below to find the accurate sample size in this study

n: size to verify

N: overall scale

e: invalid number for allowances Usually three error rates or uses are: ±01 (1%), ±0.05 (5%), ±0.1 (10%), of which the most common is ±0.05

The sample size that should be taken out is 359 female students in total females students at FPT University in Ho Chi Minh City.The quantity of female students will join the quantitative research to collect answers based on the questionnaire design later

2.3 Sample and Sampling techniques

Sample

Simple random sampling is a method of selecting a sample from a population in such a way that every individual in the population has an equal chance of being selected It is a fundamental and widely used sampling technique in research With 359 students in total, the author of this research has decided to use simple random sampling This technique requires every individual to have the same chances to be selected in this study Participants are chosen randomly and contain a diverse group from 18-25 years old within the sample size The result can be more reliable and objective in researching problems

Sampling technique

A collection of sampling procedures in which every individual in a population has a known and non-zero probability of being picked for the sample is referred to as probability sampling Because the selection process is guided by probability principles, it enables researchers to make statistical judgments about the population based on the features of the sample Researchers can use probability sampling techniques to evaluate sampling errors, generate confidence intervals, and extrapolate sample findings to the wider population These techniques establish a strong foundation for statistical inference and improve the validity and dependability of study findings In This study, the author use the probability in which can be structured by 6 formal steps :

1 Identify the population.In this study the population is about 3479 female students who are studying at FPT University

2 Determine the Sample Size Based on the equation to identify the sample size we choose a sample of 359 students

3 Assign a Number to Each Individual The author can assign each student a numerical

ID starting from 1 to the end of 359

4 Randomly Select Individuals In the fourth step, the author uses a random number table to select the individual for the sample within the range of the assigned IDs and selects the corresponding students Repeat this process until having selected 359

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students

5 Ensure Representativeness After selecting your sample, compare relevant characteristics of the sample (e.g., age, gender, frequency of buying) to those of the entire customer population This helps ensure that the sample represents the population accurately If there are significant differences, the author needs to adjust your sampling or consider other techniques

6 Collect data

2.4 Research instrument:

Surveys

This is the primary data collection method that involves giving out paper forms online for female students who are undergraduates at FPT University Receiving some feedback and opinion related to the Cocoon sunscreen which is bought on not only Tiktok but also on other social media In the form of a survey is a questionnaire which is a list of questions to collect data from interviewing candidates These inquiries may have closed-ended or open-ended options, pre-selected responses, or scale ratings In order to improve accurate comprehension of the topic being studied, questions are methodically compiled and grouped into a sequence In addition, Questions are also asked through observation methods which support questionnaires in surveys on track and correct with the method that Researchers can observe students using smartphones or laptops to watch what social networking channels and what topics they usually watch and make a payment for something

The reason to use Questionnaires as Collection Tools for Research is that they need to have many numerous people and resources of the product information and customer behaviour when buying on Tiktok.This takes into account the fact that questionnaires can be distributed

by Email and send messages Using surveys, it is feasible to gather information specific to people when gathering data about knowledge about Cocoon sunscreen, behaviours, and

Various types of questionnaires contain some controllable questions Short questions that provide the respondent only a few possibilities Demanding a specific response from the respondent, typically a "yes" or "no" or choosing an option from the list.The questionnaire gives the respondents the ability to answer in their own words and even to express their

Are you male or female? Male/female

Are you an FPT undergraduate student? Yes/No

Do you live in HCM city? Yes/No

How old are you? 18-19,20-21,22-23,24-25

Figure 2.4.a Questionnaire about basic information

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