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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM30891
Volume:
8 |
4 |
Apr 2024
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
Luxury watches have long occupied a unique space in the consumer landscape, blending intricate craftsmanship with emotional value. Traditionally, acquiring such a timepiece involved the physical touch, the in-store experience, and the reassurance of established brick-and-mortar retailers. Yet, the digital age has ushered in a paradigm shift, with the online marketplace for luxury watches witnessing a remarkable surge. This burgeoning trend, however, necessitates an in-depth exploration of consumer attitudes towards purchasing such high-value items online. This research dives into the evolving behaviour of luxury watch consumers, examining their comfort level with online transactions and the factors influencing their decision-making process. It sheds light on the key drivers propelling the online purchase of luxury watches, including the expanded selection, competitive pricing, and the convenience of remote shopping. However, the research does not shy away from acknowledging the inherent risks associated with internet transactions, such as the potential for counterfeit goods or damaged shipments. Moving beyond consumer behaviour, the research also critically examines the challenges and opportunities that luxury watch brands face in this evolving digital landscape. It evaluates the strategic considerations brands must navigate, exploring effective online marketing strategies, building trust with potential buyers, and ensuring a seamless and secure purchase experience. Ultimately, the research aims to provide valuable insights for both consumers and brands, fostering a more informed and transparent online luxury watch market. To thrive in this new environment, they must develop captivating online marketing strategies that resonate with the tech-savvy watch enthusiast. Building trust with potential buyers is paramount, and brands need to leverage the power of the internet to showcase the heritage, craftsmanship, and exclusivity that definetheir luxury timepieces. Creati
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Publication Date
12/31/45398
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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