Abstract

The ultimate goal of any business organization is to be prosperous in today’s increasingly competitive and dynamic markets where the cost of acquiring new customers has been found to be exponentially greater than that of maintaining existing ones, firms must continually explore ways of achieving higher customer retention rates. The building of a reputable brand image in the mind of the consumers is especially enhanced through the use of endorsers or spokespersons in the firm’s marketing communications; and celebrities are among the persons commonly used as endorsers or spokespersons in this regard. The main objective of this study was to examine the impact of celebrity endorsement on consumer purchase intention of consumer goods. Primary data through a structured questionnaire was used to elicit information from University undergraduate students. Hypothesis were tested using Pearson Product Moment Correlation Co-efficient (PPMCC) and Multiple Regression Analysis. Based on the findings of the study, it can be concluded that there are factors that significantly influences consumer purchase intention of celebrity endorsed products. Also, there is significant relationship between celebrity endorsement and consumer purchase intention. Similarly, celebrity endorsements significantly impact consumer purchase intention. It was therefore recommended that the strategy and creative execution of all celebrity endorsement deals should be one that will reinforce strongly and consistently the celebrity brand association to ensure that celebrities do not only evoke positive retains, but helps focus attention on the brand in the advertising. Keywords: celebrity endorsement, strategy, brand equity, consumer goods, purchase intention.

Highlights

  • The ultimate goal of any business organization is to be prosperous

  • Promotional strategy is a very important marketing tool used by organization to create awareness of their product and services as the importance of promotional strategies in profit oriented organization cannot be over emphasized

  • HO2: There is no significant relationship between celebrity endorsement and consumers purchase intention

Read more

Summary

Introduction

All efforts are geared toward inducing maximum patronage toward its products or services. Among the criteria for achieving this goal is through concerted effort towards aggressive promotional strategies (Keller, 2003). Promotional strategy is a very important marketing tool used by organization to create awareness of their product and services as the importance of promotional strategies in profit oriented organization cannot be over emphasized. The rationale behind this being that promotional activities help in grading organization, selling its products or services and at the same time draw the attention of prospective customers/customers to the product or services. In the opinion of Morden (1993), promotional mix is the combination of marketing and promotional communication methods used to achieve the promotional objectives of the marketing mix

Objectives
Methods
Conclusion
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call