Know facts - what are the things that motivate the buyer, why does he
shift interest from one shop to another or from one brand to the other,
how does he react to new products introduced to the market or delivered
to him? Such questions are essential in knowing the things that interest
the buyer. And through the information gathered here, a seller would create
and product and promotion strategies.
When handling a small business for sale, as seller should work on understanding
the needs of a buyer and learn how to make that buyer a prospect. This
process is called the buyer behavior study, through this; the buyer can
be approached and analyzed from differed angles and under different circumstances.
Buyers have innumerable desires and needs; all these also vary according to their security and aesthetic needs. And buyers have their own incorruptible way of meeting their needs and desires, just as long as it is within his or her means. If a buyer thinks that what a seller is offering is way far beyond his reach, a sale is then impossible to realize.
However, it should also be understood that there is no real defined
and tested theory of buyer behavior. Some ideas came from economics, psychology
and other theories on social sciences. Many business firms and companies
are continually researching on the buyer behavior to increase the possibly
of sales with buyers. Yet, any seller would agree that buyers really are
some kind of riddles. Despite efforts on selling even small business for
sale, one cannot guarantee that a buyer who has first taken interest on
it would push through the sale.