
Pick n Pay stores in Namibia to be rebranded as Model supermarkets
Local franchisee terminates its 27-year agreement with Pick n Pay on 30 June and will return to the brand it first created in 1965.
CONSUMER BEHAVIOUR
By our African Marketing Confederation News Team | 2024
Marketers can create urgency without pushing customers into unhealthy buying habits, researchers suggest.
Have you ever scrolled through Instagram or TikTok and felt a sudden rush to buy something before it’s gone? You’re not alone.
Photo by Andrea Piacquadio from Pexels
A new study published in the Journal of Business Research, investigates how a ‘fear of missing out’ (FOMO) and intense brand passion are pushing many consumers toward compulsive buying – often leading to stress, debt, and anxiety.
Researchers from the University of Portsmouth in the UK surveyed over 500 consumers to understand the connection between FOMO, brand passion, and compulsive buying. The results reveal that FOMO is a key trigger. But what happens next depends on how people channel their brand passion.
Brand passion can be a double-edged sword and comes in two forms:
“Our study reveals that while the fear of missing out can drive strong connections with brands, it also has the potential to fuel harmful spending habits, especially among younger consumers,” says Yuksel Ekinci, Professor of Marketing and Sales at the university.
Obsessive brand passion, fuelled by FOMO, is a strong predictor of compulsive buying. This is particularly true for young people, who often feel more social pressure to keep up with trends and experiences shared online.
Flash sales, limited-time offers, and idealised customer experiences – especially on social media – build a powerful fear of missing out.
Ethical approaches that encourage healthy, harmonious passion
“It’s crucial that brands acknowledge their role in shaping consumer behaviour and adopt more ethical approaches that encourage healthy, harmonious passion rather than obsessive purchasing,” emphasises Ekinci.
“Our study reveals that while the fear of missing out can drive strong connections with brands, it also has the potential to fuel harmful spending habits, especially among younger consumers.”
The study highlights that, for marketers, understanding how to responsibly engage with consumers driven by FOMO and passion is key. However, when brands encourage obsessive passion (as seen with fast fashion or instant services), they must do so carefully, particularly when targeting younger audiences.
Ethical marketing tips suggested by the study include:
You can find out more about the study, titled ‘The dark side of brands: Exploring fear of missing out, obsessive brand passion, and compulsive buying’, here.
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Dr. Kin Kariisa is an extraordinary force at the helm of Next Media Services, a conglomerate encompassing NBS TV, Nile Post, Sanyuka TV, Next Radio, Salam TV, Next Communication, Next Productions, and an array of other influential enterprises. His dynamic role as Chief Executive Officer exemplifies his unwavering commitment to shaping media, business, and community landscapes.
With an esteemed academic journey, Dr. Kariisa’s accolades include an Honorary PhD in exemplary community service from the United Graduate College inTexas, an MBA from United States International University in Nairobi, Kenya, a Master’s degree in Computer Engineering from Huazong University in China, and a Bachelor’s degree in Statistics from Makerere University.
Dr. Kariisa pursued PhD research in Computer Security and Identity Management at Security of Systems Group, Radboud University in Nijmegen, Netherlands. As a dynamic educator, he has shared his expertise as a lecturer of e-Government and Information Security at both Makerere University and Radboud University.
Dr Kin did his PhD research in Computer Security and Identity Management at Security of Systems Group, Radbond University in Nigmegen, Netherlands. He previously served as a lecturer of e-Government and Information Security at Makerere University in Kampala, Uganda and Radbond University in Netherlands.
Dr Kin did his postgraduate courses in Strategic Business Management, Strategic Leadership Communication and Strategies for Leading Successful Change Initiatives at Harvard University, Boston USA.