MARKETING INTUITION AND ITS REFLECTION ON FOMO MARKETING: AN EXPLORATORY STUDY OF THE OPINIONS OF A SAMPLE OF WORKERS IN A NUMBER OF REAL ESTATE OFFICES IN THE CITY OF MOSUL

Abstract

The current research aims to clarify the relationship between marketing intuition as an independent variable and FOMO marketing as a dependent variable after the tremendous developments that occurred in the business environment and the crowding of markets with various organizations and products and the increasing intensity of competition between them to achieve profits, this prompted business organizations to try to anticipate the needs and desires of the customer to work on satisfying them through marketing intuition, in addition to their attempt to arouse feelings of fear in the customer of losing his opportunity to buy their products through FOMO marketing. To determine the relationship between these two variables statistically and at the overall level, the descriptive analytical approach and the questionnaire were used as the main tool to collect data from the research sample, which is represented by workers in a number of real estate offices in the city of Mosul. 60 questionnaires were distributed to workers in those offices with a response rate of 100%. The research concluded with a set of conclusions, the most important of which is that there is a significant effect of marketing intuition in FOMO marketing, in addition to a set of proposals, including the necessity of introducing workers to technical courses to better deal with customer data analysis, which will be reflected in a better understanding of their future needs and desires.

International Journal Of Management And Economics Fundamental
Source type: Journals
Years of coverage from 2022
inLibrary
Google Scholar
HAC
doi
 
CC BY f
28-43
149

Downloads

Download data is not yet available.
To share
Dr. Hind Khuder Ahmed. (2024). MARKETING INTUITION AND ITS REFLECTION ON FOMO MARKETING: AN EXPLORATORY STUDY OF THE OPINIONS OF A SAMPLE OF WORKERS IN A NUMBER OF REAL ESTATE OFFICES IN THE CITY OF MOSUL. International Journal Of Management And Economics Fundamental, 4(08), 28–43. https://doi.org/10.37547/ijmef/Volume04Issue08-03
Crossref
Сrossref
Scopus
Scopus

Abstract

The current research aims to clarify the relationship between marketing intuition as an independent variable and FOMO marketing as a dependent variable after the tremendous developments that occurred in the business environment and the crowding of markets with various organizations and products and the increasing intensity of competition between them to achieve profits, this prompted business organizations to try to anticipate the needs and desires of the customer to work on satisfying them through marketing intuition, in addition to their attempt to arouse feelings of fear in the customer of losing his opportunity to buy their products through FOMO marketing. To determine the relationship between these two variables statistically and at the overall level, the descriptive analytical approach and the questionnaire were used as the main tool to collect data from the research sample, which is represented by workers in a number of real estate offices in the city of Mosul. 60 questionnaires were distributed to workers in those offices with a response rate of 100%. The research concluded with a set of conclusions, the most important of which is that there is a significant effect of marketing intuition in FOMO marketing, in addition to a set of proposals, including the necessity of introducing workers to technical courses to better deal with customer data analysis, which will be reflected in a better understanding of their future needs and desires.


background image

Volume 04 Issue 08-2024

28


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

ABSTRACT

The current research aims to clarify the relationship between marketing intuition as an independent variable and

FOMO marketing as a dependent variable after the tremendous developments that occurred in the business

environment and the crowding of markets with various organizations and products and the increasing intensity of

competition between them to achieve profits, this prompted business organizations to try to anticipate the needs and

desires of the customer to work on satisfying them through marketing intuition, in addition to their attempt to arouse

feelings of fear in the customer of losing his opportunity to buy their products through FOMO marketing. To determine

the relationship between these two variables statistically and at the overall level, the descriptive analytical approach

and the questionnaire were used as the main tool to collect data from the research sample, which is represented by

workers in a number of real estate offices in the city of Mosul. 60 questionnaires were distributed to workers in those

offices with a response rate of 100%. The research concluded with a set of conclusions, the most important of which

is that there is a significant effect of marketing intuition in FOMO marketing, in addition to a set of proposals, including

the necessity of introducing workers to technical courses to better deal with customer data analysis, which will be

reflected in a better understanding of their future needs and desires.

KEYWORDS

Research Article

MARKETING INTUITION AND ITS REFLECTION ON FOMO MARKETING:
AN EXPLORATORY STUDY OF THE OPINIONS OF A SAMPLE OF
WORKERS IN A NUMBER OF REAL ESTATE OFFICES IN THE CITY OF
MOSUL

Submission Date:

July 31, 2024,

Accepted Date:

Aug 05, 2024,

Published Date:

Aug 10, 2024

Crossref doi:

https://doi.org/10.37547/ijmef/Volume04Issue08-03


Dr. Hind Khuder Ahmed

Administration & Economics College, University of Mosul, Mosul, Iraq

Journal

Website:

https://theusajournals.
com/index.php/ijmef

Copyright:

Original

content from this work
may be used under the
terms of the creative
commons

attributes

4.0 licence.


background image

Volume 04 Issue 08-2024

29


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

Marketing intuition, Customer data, Customer relationship management, FOMO marketing.

INTRODUCTION

The organization's need to meet customers' desires

and try to satisfy them prompted it to adopt the

concept of marketing intuition, which is one of the

modern and advanced concepts in the marketing field.

Through this concept, customer data is used to

anticipate their future needs for its products in order

to seek to satisfy them, which will be reflected in its

proactive response to market needs. On the other

hand, the organization sheds light on the psychological

and emotional factors of customers that can affect

their purchasing decisions by arousing feelings of fear

in them of losing the opportunity to obtain the

products of that organization. This is the essence of the

work of FOMO marketing.

Research problem

The study problem is that most organizations want to

push the customer to buy their products by innovating

and adopting certain methods that arouse the desire

and fear in him of losing their products, which speeds

up the process of purchasing those products.

Accordingly, the research problem is represented by a

main question:

Is there an effect of marketing intuition in FOMO

marketing? Which resulted in the following questions:

• Is there a difference in the respondents' opinions

regarding the concept of marketing intuition?

• Is there a link between marketing intuition and

FOMO marketing?

• Do the researched offices adopt FOMO marketing in

their work?

Importance of the research

The research derives its importance from the

importance of the variables it addresses, as it seeks to

highlight the nature and essence of the relationship

between the two main research variables, which are

marketing intuition and FOMO marketing, and to seek

to achieve intellectual and applied interconnection and

integration between them and to show the impact of

each on the other.

Research objectives.

The research seeks to achieve the following objectives:

A.

Serious contribution to providing a conceptual

and applied presentation that addresses one of the

modern concepts in the field of marketing, which is

marketing intuition, and the extent of its benefit in the

business environment.

B.

Clarifying the concept of FOMO marketing as

an important part of the customer's purchasing


background image

Volume 04 Issue 08-2024

30


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

process, which will ultimately be reflected in the

organization's sales.

C.

Attempting to diagnose, identify and explain

the nature of the relationship between marketing

intuition and FOMO marketing and explaining the

effect of each on the other.

Research hypothesis

The research is based on two main hypotheses, which

are:

• The first hypothesis is that there is a statistically

significant correlation between marketing intuition

and FOMO marketing.

• The second main hypothesis is that there is a

statistically significant effect relationship between

marketing intuition and FOMO marketing

Spatial boundaries

A-

Some real estate sales offices in Mosul were

chosen by the researcher as the most appropriate and

closest to achieving the research objective and its main

hypotheses.

B- Temporal boundaries

The time period of the research extended from

defining its topics and directions to achieving its

objectives from 5/20/2024 to 8/5/2024.

C- Human boundaries

The research sample included 60 individuals working in

real estate sales offices in Mosul, with 10 office

managers and 50 field workers in those offices.

METHODOLOGY

The descriptive approach of logical analysis was

adopted in the theoretical aspect of the research, while

statistical analysis was the basis of the applied aspect

of it.

Data and information collection method

The process of collecting data and information

necessary to complete the research included the

following:

A- The theoretical aspect, the theoretical aspect of the

research was based on - books, literature, periodicals

and foreign - university theses and dissertations - the

international information network (the Internet).

B- The practical aspect, as the following methods were

adopted:

- Personal interviews: They included direct questions to

obtain some answers from sample members and

explain some ambiguous matters to ensure accuracy in

the answers. These interviews contributed to

obtaining information that benefited the research on

the one hand, and on the other hand, they clarified to

managers and employees the concept of marketing

intuition and FOMO marketing, which facilitated the

researcher to apply the practical aspect.

- Questionnaire form: Given the nature of the research

and the necessity of applying it to the offices under

study, the researcher found that the questionnaire

form is the most appropriate tool that achieves the

research objectives, as it presents to the respondents

questions that are consistent with the research

hypothesis and its main objectives.


background image

Volume 04 Issue 08-2024

31


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

Marketing Intuition

First: The concept of marketing intuition

The origins of the concept of marketing intuition go

back to the twentieth century, when organizations

began to use it to help make marketing decisions

(Rautanen, 2012, 23), then the concept began to

develop as the organization moved from relying on

personal experience and emotions to scientific analysis

of customer data and information. (Ly, 2013, 44)

referred to marketing intuition as the organization's

ability to use customer information to accurately

anticipate their needs and desires. As for (Todor, 2016,

13), he explained it as the process of understanding the

psychological and emotional motives that affect

customer behavior and push or prevent them from

making a purchase decision. As for (Jarvinen, 2016, 81),

he sees it as relying on the collective data of customers

to understand their needs and desires in order to

develop new products and services that meet those

needs. Second: The importance of marketing intuition.

Researchers have pointed out the importance of

marketing intuition through the following (Zhang,

2018, p. 15) (Teo, 2015, p. 32) (Klaavu, 2019, p. 17):

1. It is one of the important factors in the success of the

organization's marketing strategies.

2. It greatly helps in understanding customer needs and

anticipating changes that will occur in the future. Their

preferences and future behaviors.

3. It enables organizations to respond more effectively

to market changes.

4. Through marketing intuition, organizations can

analyze customer data and develop products that

meet their needs.

5. It helps the organization in providing innovative

products that enhance the organization's position and

market share.

Uses of marketing intuition

Marketing intuition is used by mission organizations

and determines the urgency through: (Lipiainen, 2014,

p. 32) the following: - E-commerce, the amount of

marketing intuition in directing customers towards

products that may interest you by monitoring them on

the Internet and their interaction with advertisements.

- Healthcare, marketing intuition can be used in the

field of healthcare, where there are a number of them

by predicting health problems that can be seen

required from them.

- Social marketing, marketing intuition techniques can

be applied in the field of social marketing to

understand customers on social media and target

them.

- Reducing, marketing intuition in customizing content

and advertisements more popular for customers by

analyzing their data and information.

Challenges of marketing intuition

Marketing intuition faces a set of special challenges,

the most prominent of which is taking marketing

directions that were designed primarily on unknown

classifications by the organization (Varnali, 2018, p. 43).

(2018, 22 Yang) indicated that the waste of institutions


background image

Volume 04 Issue 08-2024

32


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

and the loss of customers when it is prepared to be an

existing challenge for marketing, while (Zhang, 2019, p.

14) explains that marketing intuition cannot be relied

upon to a high degree, as it depends on relying on

trust, and this in itself is a challenge and a great risk to

confront the strongest.

FOMO Marketing

First: The Concept

The term FOMO marketing is based primarily on relying

on arousing the customer's fear and anxiety to

motivate him to make a purchase or change his

behavior (Reichheld & Schefter, 2009, 106). Saunders

& Thornhill, 2017, 32 see it as working to awaken

customers' feelings of the need to act quickly or make

appropriate decisions regarding certain products and

services. Taylor & Ghoshal, 2018, 54 explained it as

motivating customers to influence their behavior and

urge them to take immediate action to avoid losing the

product.

Second: FOMO Marketing as a Psychological and Social

Concept FOMO marketing can be viewed from a

psychological and social theory perspective, as this

theory provides an important insight into exploiting

fear in the customer to influence his behavior, as

various factors such as culture, upbringing, personal

and psychological experiences contribute to raising

fear. From a psychological perspective, fear can arise in

response to a real or perceived threat, leading to

significant changes in the customer's behavior and

affecting his personal and professional life. On the

social level, fear can be influenced by external factors

such as societal norms, values, laws, and shared

cultural orientations. Understanding fear from

psychological and social perspectives is essential to

understanding its role in customer behavior. Studying

the effects of fear and analyzing them in different ways

(Thomas 2017, 72), marketers can develop effective

FOMO marketing strategies that enhance consumer

engagement and interaction with their products or

services. It is possible to use the manipulation of

customer emotions in a sustainable and ethical manner

to achieve desired marketing goals and improve the

overall marketing process (Wilson, 2018, p. 81).

Third: The importance of FOMO marketing

Researchers have indicated that FOMO marketing is of

great importance to business organizations, and this

importance can be explained through the following

(Zeithaml et..al, 2020,19):

1. When FOMO marketing strategies are implemented

correctly, they can effectively boost sales and increase

purchases.

2. It helps organizations to study marketing stimuli on

the human mind and consumer behavior on an ongoing

basis, thus achieving great success for business

organizations.

3. It helps organizations to improve strategies and

develop the customer experience.

4. Identifying the continuous changes in customer

tastes, which helps organizations to discover and

exploit marketing opportunities.


background image

Volume 04 Issue 08-2024

33


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

Fourth: FOMO marketing strategy and its various

implications.

FOMO marketing strategy has a complex and

multifaceted impact on customer behavior, product

perception, and ethical considerations, and while fear

appeals can be a powerful tool in attracting attention

and motivating purchase, their long-term effectiveness

and ethical implications remain a matter of ongoing

debate (Taylor & Ghoshal, 2018, 62). FOMO marketing

is the most important strategy through its

psychological impact on customer behavior and

prompts

them

to

respond

to

fear-based

advertisements, exploiting the innate human instinct

to avoid potential threats and risks. The effects of fear

can lead to certain emotional responses, prompting

the customer to make rash purchasing decisions in an

attempt to alleviate their fears. However, it is

necessary to recognize the potential negative

consequences of exploiting fear to achieve commercial

gains. Ethical considerations arise when marketers

manipulate consumers’ emotions and exploit their

vulnerabilities to promote goods or services. This

raises questions about the ethical implications of using

fear as a persuasion tool in advertising campaigns

(Zeithaml et al., 2018, 25). On the other hand, the

effectiveness of FOMO marketing strategies can be

seen from a positive perspective. For example, public

health campaigns often use fear-based messages to

raise awareness about the dangers of smoking, driving

under the influence of alcohol, or unhealthy eating

habits. These campaigns aim to incite fear as a

motivator to change behavior and highlight the

perceived risks associated with certain actions

(Zeithaml et al., 2020, 30).

Fifth: Elements of FOMO marketing

Researchers indicated that when a customer is

exposed to FOMO marketing, his response to the

purchase is either personal or social, as personal and

social impulsive buying are two basic elements of

FOMO marketing and can be explained as follows

(et..al, 2018, 57 Przybylski):

1- Personal impulsive buying, this purchase occurs as a

result of the customer's personal and special

psychological and emotional reactions when exposed

to a certain stimulus that arouses his fear of losing or

missing an opportunity to buy a certain product, as his

behavior is based on his previous experiences and

various experiences.

2- Social impulsive buying, here the customer does not

rely on his own experiences, but is influenced by the

behavior or behavior of the group around him, such as

relatives or other customers. When he sees that they

are impulsive to buy a certain product for fear of losing

it, he behaves in a similar manner to their behavior,

trying to imitate them in that purchase process, keen

to ensure that he is not exposed to losing or losing that

product later.

Field Aspect

First: Description of the researched individuals


background image

Volume 04 Issue 08-2024

34


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

The questionnaire form was distributed to the

researched individuals who are working in real estate

sales offices in the city of Mosul, with 60 forms, and

they were returned in full with a response rate of 100%.

Table No. (1) shows the characteristics of the

researched individuals, and based on the table, the

following was indicated:

-

All of them are males, as their percentage

reached 100%, because those working in the real estate

field in the city of Mosul are males.

-

As for the age level, the percentage of ages

between 31-38 years was 55%, which is the highest

percentage among the rest of the ages, and this age

group is characterized by continuous work to gain

customers and increase market share.

-

Regarding the certificate, the percentage of

those

holding a bachelor’s degree reached 58%, which

means that they are a category qualified to answer.

-

As for the administrative position, the

percentage of field workers, who accompany the

customer while he is touring the properties, was 83%,

which gives the results more accuracy, as they are

more knowledgeable and aware of the customer and

his needs.

Table (1) Distribution of the researched individuals according to personal information

Distribution of researched individuals by gender

Males

Females

total

60

%

100

0

%

60

Distribution of researched individuals according to age

Less than 30

31

-

39

40

-

49

the total

number

%

number

%

number

%

6

0

9

15

39

55

12

20

Distribution of researched individuals according to the certificate

Bachelor's

preparatory

Intermediate

and below

total


background image

Volume 04 Issue 08-2024

35


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

number

%

the

number

%

the

number

%

60

35

58

15

25

10

16

Administrative position

manager

Fieldworker

total

number

%

number

%

60

10

17

50

83

Source: Prepared by the researcher using SPSS

RESULTS AND DISCUSSION

Description and diagnosis of research variables

Marketing intuition

Table (2) shows us the arithmetic means, standard

deviations, frequency distributions and percentages of

the marketing intuition variable through the responses

of the individuals surveyed to its various paragraphs. It

is clear to us through the table’s percentages related

to the factors (x1-x8) that measure the marketing

intuition variable and the overall index that an average

of (60.375) answered (completely agree, agree) and in

contrast, the answers were disagreement at a rate of

(28.125%), while the neutral answers were at a rate of

(.2512%). These answers are supported by the

arithmetic mean with a value of (3.379) and the

standard deviation, which was valued at (1.026), which

contributed to the positivity of this variable, which is

factor x2, which is represented by (we keep the

customer’s previous data as it predicts his future

needs). The percentage of agreement on this element

was 93% and this percentage is supported by the

arithmetic mean value, which is (3.242). The standard

deviation value is (0.640), and all these results prove

that there is a difference in the opinions of the

individuals being researched.

Table (2

(

: Frequency distributions, percentages, means and standard deviations of the

marketing intuition variable


background image

Volume 04 Issue 08-2024

36


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

Response scale

Marke

ting

Intuiti

on

I strongly

agree

I agree

neutral

disagree

strongly

disagree

Arithmetic

mean

standard

deviation

Fre

q.

%

Fr

e

q

%

Fr

e

q

%

Fr

e

q

%

Fr

e

q

%

X1

20 33%

1

5

25

%

5

8%

1

2

20

%

8

20

%

3.223

1.665

X2

35

58%

2

0

33

%

_

_

5

8%

_

_

3.242

0.640

X3

18

30%

2

2

37

%

7

12

%

1

3

22

%

_

_

3.224

1.232

X4

15

25%

1

0

17

%

1

0

17

%

2

0

33

%

5

8%

3.778

1.365

X5

20

33%

1

9

32

%

1

1

18

%

5

8%

5

8%

3.645

0.850


background image

Volume 04 Issue 08-2024

37


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

X6

15

25%

2

5

42

%

_

_

1

0

17

%

1

0

17

%

3.209

1.154

X7

22

37%

8

13

%

1

2

20

%

8

13

%

1

0

17

%

3.531

0.223

X8

11

18%

1

5

25

%

1

4

23

%

1

0

17

%

1

0

17

%

3.181

1.083

the

avera

ge

32.375

28

12.25

17.25

10.875

3.379

1.026

Gener

al

Avera

ge

60.375

28.125

Source: Prepared by the researcher using SPSS

FOMO Marketing.

Table (3) shows us the arithmetic means, standard

deviations, frequency distributions and percentages of

the FOMO marketing variable through the responses

of the individuals surveyed to its various paragraphs. It

is clear to us through the ratios (x9-x18) which measure

the FOMO marketing variables that the agreement rate

on the paragraphs of this variable was (55.572%), which

is a good percentage indicating that the surveyed

offices adopt FOMO marketing in their work. In

contrast, the answer was disagreement at a rate of

(27.892%), while the neutral answers were at a rate of


background image

Volume 04 Issue 08-2024

38


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

(15%), and all of this came with an arithmetic mean of

(3.379) and a standard deviation of (1.026). What

contributed to the positivity of this variable is

paragraph x15 (which states that (our office relies on

exclusive offers to excite the customer), as the

agreement rate on this paragraph was (88.3), and the

arithmetic mean was (3.364) and the standard

deviation (1.327).

Table (3): Frequency distributions, percentages, means and standard deviations of the

FOMO marketing variable

Response scale

FOMO

marketin

g

I strongly

agree

I agree

neutral

disagree

strongly

disagree

Arithmeti

c mean

standard

deviatio

n

Fre

q

%

Fre

q

%

Fre

q

%

Fre

q

%

Fre

q

%

X9

20

.

33

3

15

25

10

.

16

6

10

.

16

6

5

8.3

3.

111

1.

081

X10

15

25

10

.

16

6

15

25

15

25

5

8.3

3.

121

0

.

353

X11

18

30

21

35

9

15

9

15

3

5

3.

093

1.

305

X12

13

.

21

6

12

20

8

.

13

3

10

.

13

3

17

.

28

3

3.

675

1.

536


background image

Volume 04 Issue 08-2024

39


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

X13

16

.

26

6

14

.

23

3

8

.

13

3

12

.

13

3

10

.

16

6

3.

666

0.

934

X14

24

40

16

.

26

6

9

15

5

8.3

6

10

3.

923

1.

988

X15

30

50

20

.

33

3

9

15

1

1.6

_

_

3.

098

1.

997

X16

12

20

11

.

18

3

5

8.3

15

25

17

.

28

3

3.

231

1.

424

the

average

55.572

15

27.892

3.364

1.327

Source: Prepared by the researcher using SPSS

Testing research hypotheses

The first hypothesis: There is a statistically significant

correlation between marketing intuition and FOMO

marketing. The data in Table (4) indicate the existence

of a positive significant correlation between marketing

intuition and FOMO marketing with a correlation

coefficient of (0.982) at a significance level of (0.05).

Thus, the first main hypothesis is accepted, which

states that (there is a significant correlation between

marketing intuition and FOMO marketing), and the

alternative hypothesis is rejected.

Table (4) The correlation between marketing intuition and FOMO marketing

Marketing Intuition

Correlation coefficient


background image

Volume 04 Issue 08-2024

40


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

FOMO

marketing

0.982

Source: Prepared by the researcher using SPSS

The second main hypothesis: There is a statistically

significant relationship between marketing intuition

and FOMO marketing.

Table (5) The relationship between marketing intuition and FOMO marketing

marketing intuition

Calculated T

value

Significance

level

sig

The coefficient of

determination

R2

regression

coefficient

B

FOMO

marketing

5.722

0.000

0.

5

81

0.676

Source: Prepared by the researcher using SPSS

Looking at Table (5), we find the following:

Regression coefficient B (impact coefficient): The

value of the impact coefficient estimated at (0.676)

indicates that whenever marketing intuition is given

attention by one unit, the success of FOMO marketing

increases by 67.60%. _ Determination - coefficient R2:

Through the determination coefficient, which has a

value of (0.581), it confirms that the use of marketing

intuition changes FOMO marketing by 0.581.

F value calculated value: This value, estimated at

(5.722), indicates the existence of a significant effect of

marketing intuition on marketing. Based on these

results, the second main hypothesis is accepted, which

is that there is a statistically significant effect

relationship between marketing intuition and FOMO

marketing, and the alternative hypothesis is rejected.

CONCLUSIONS AND SUGGESTIONS

First: Conclusions


background image

Volume 04 Issue 08-2024

41


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

1- The analysis results showed the existence of a

significant relationship and correlation between

marketing intuition and FOMO marketing in the

researched offices.

2- The analysis results confirmed the variance in the

employees' answers regarding marketing intuition.

3- The analysis results showed the adoption of FOMO

marketing in the researched offices.

Second: Suggestions

In light of the research results and objectives, the

researcher suggests the following:

1. The need to focus more on modern means of dealing

with customer data to better manage the relationship

with the customer.

2. Pay more attention to competitors and the offers

they provide to customers.

3. The researched offices should work continuously to

add new services in order to gain more customers.

REFERENCES

1.

Abel, J. P. Buff, C.L, & Burr, S. A. (2016). Social

media and the fear of missing out: Scale

development and assessment. Journal of Business

& Economics Research (JBER), 14(1), 33-44.

https://dol.org/10. 19030/jber.v1411.9554

2.

Alabri, A., & Yan, Z. (2022). Fear of missing out

(FOMO): The effects of the need to belong,

perceived cen trality, and fear of social exclusion.

Human Behavior and Emerging Technologies, 2022,

1-12. https://doi. org/10.1155/2022/4824256

3.

Alt, D. (2015). College students' acodemic

motivation, media engagement and fear of missing

out Computers in Human Behavior, 49, 111-119.

4.

Dinh, T. C.T., & Lee, Y. (2022b). "I want to be as

trendy as Influencers" - how "fear of missing out"

leads to buying Intention for products endorsed by

social media Influencers. Joumal of Research In

Interactive

Marketing,

163),

346-364.

httpe://dol.org/10.1108

5.

Dogan, V. (2019). Why do people experlence the

fear of missing out (FoMO)? Exposing the link

between the self and the FoMO through self-

Construal. Journal of Cross-Cultural Psychology

6.

Good, M. C., & Hyman, M. R. (2020). 'Fear of

missing out': Antecedents and influence on

purchase likelihood Journal of Marketing Theory

7.

Good, M. C., & Hyman, M. R. (2021). Direct and

indirect effects of fear-of-missing-out appeals on

purchase likelihood. Journal of (Consumer

Behaviour,

203),

564-576.

https://doi.org/10.1002/cb.1885

8.

Gopalakrishnan, S., & Ganeshkumar, P. (2013).

Systematic

Reviews

and

Meta-analysis:

Understanding the Best Evidence in Primary

Healthcare. Journal of Family Medicine and Primary

Care, 2(1), 9-14. https://doi.org/

9.

Gupta, A. S., & Mukherjee, J. (2022). Long-term

changes in consumers' shopping behavior post-

pandemic: An exploratory study. International


background image

Volume 04 Issue 08-2024

42


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

Journal of Retail & Distribution Management,

50(12), 1518-1534.

10.

Gupta, M., & Sharma, A. (2021). Fear of missing out:

A

brief

overview

of

origin,

theoretical

underpinnings and relationship with mental health.

World Journal of Clinical Cases, 9(19), 4881-4889.

11.

Ilyas, G. B., Rahmi, S., Tamsah, H., & Yusriadi, Y.

(2022). Does fear of missing out give satisfaction in

pur

12.

Jarvinen, Joel," 2016, The Use of Digital Analytics

for Measuring and Optimizing Digital Marketing

Performance", Academic dissertation, University

of Jyvaskyla School of Economics.

13.

Kang, I., & Ma, I.

،

2020

،

The mediating role of fear

of missing out

،

A study on bandwagon con

sumption behavior based on fegr of missing out

and Kang.

14.

Kang, I., Cui, H., & Son, J. (2019). Conformity

consumption behavior and FoMO. Sustainability,

11(17), 4734.

15.

Kang, I., He, X., & Shin, M. M. (2020). Chinese

consumers' Herd consumption behavior related to

Korean luxury

16.

Klaavu, Marita,2019," Company reputation and

image analysis Case: Game Central" , Bachelor’s

Thesis in Marketing, Lahti university of applied

sciences, Faculty of Business Studies, Spring.

17.

Lipiainen, Heini," ,2014, Digitization of the

Communication

and

its

Implications

for

Marketing", Academic dissertation, University of

Jyvaskyla School of Economics.

18.

Ly, Tran Ha Mai," , 2013, Measuring the perceived

destination image of Vietnam in Finland ", Pro

gradu

thesis, University of Lapland, Faculty of

Social Sciences, EMACIM, Tourism Research.

19.

Przybylski, A., Murayama, K., DeHaan, C., &

Gladwell, V

،

(2018). Motivational, emotional

andbehavioral correlates of fear of missing out.

Computers in Human Behavior, 29(4), 1841-1848.

20.

Rautanen, Matti," , 2012, email marketing in

business-to-business relationship", Master Thesis,

university of technology, School of Business,

International Marketing Management.

21.

Reichheld, F.F. & Schefter, P. 2009. ELoyalty: Your

secret weapon on the web. Harvard Business

Review, Volume 78, Issue 4, pp 105-113.

22.

Saunders, M., Lewis, P. & Thornhill, A. 2017,

Research methods for business students. Fifth

Edition. Pearson Education Limited. Harlow.

England.

23.

Son, J., & Koo, J. (2019). Evaluation of culturally

Symbolic brand: The role of "fear of missing out"

phenomenon. Journal of International Consumer

Marketing, 31(3), 270-286.

24.

Statista. (2022). Medla usage in an Internet minute

as

of

April.

https://www.statista.com/statistics/195140/ new-

user-generated-content-uploaded-by-users

per-

minute


background image

Volume 04 Issue 08-2024

43


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

08

P

AGES

:

28-43

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

25.

Taylor, B., Sinha, G. & Ghoshal, T. 2018. Research

Methodology: A guide for researchers in

management & social sciences. New Delhi:

Prentice-Hall.

26.

Teo, T. (2015). Usage and effectiveness of online

marketing tools among Business-to-Consumer

(B2C) firms in Singapore. International Journal Of

Information Management, 25(3).

27.

Thomas, B,2017. Anticipate: Knowing What

Customers

Need

Before

They

Do.

Avaliable:http://site.ebrary.com/lib/samk/home.act

ion. Accessed 6 August .

28.

Todor, Raluca Dania, 2016, " Blending traditional

and digital marketing", Bulletin of the Transilvania

University , Braşov, Series V, Economic Sciences ,

Vol. 9 (58) , No. 1.

29.

Varnali, K. (2018). The Impact of the Internet on

Marketing Strategy. International Journal of E-

Business Research, 6(4).

30.

Wilson, A. 2018. Marketing research. An integrated

approach. Harlow: Pearson Education.

31.

Wirtz, JO.(2006). “Service Marketing”. People,

Technology, Strategy, Pearson Education Upper

Saddle River, New Jersey.

32.

Yang, K., Min, J. and Garza-Baker, K. (2018). Post-

stay email marketing implications for the hotel

industry: Role of email features, attitude, revisit

intention and leisure involvement level. Journal of

Vacation Marketing, 25(4).

33.

Zeithaml, V. A,2018. fomo Marketing - Integrating

Customers Focus across the Firm, Third Edition.

Boston: McGraw-Hill.

34.

Zeithaml, V. A., Bitner, M. J. & Gremler, D. 2020.

Services Marketing - Integrating Customers Focus

across the Firm, Fifth Edition, Boston: McGraw-Hill.

35.

Zhang, G., Dubinsky, A., & Tan, Y. (2019). Impact of

Blogs on Sales Revenue. International Journal of

Virtual Communities and Social Networking, 3(2).

References

Abel, J. P. Buff, C.L, & Burr, S. A. (2016). Social media and the fear of missing out: Scale development and assessment. Journal of Business & Economics Research (JBER), 14(1), 33-44. https://dol.org/10. 19030/jber.v1411.9554

Alabri, A., & Yan, Z. (2022). Fear of missing out (FOMO): The effects of the need to belong, perceived cen trality, and fear of social exclusion. Human Behavior and Emerging Technologies, 2022, 1-12. https://doi. org/10.1155/2022/4824256

Alt, D. (2015). College students' acodemic motivation, media engagement and fear of missing out Computers in Human Behavior, 49, 111-119.

Dinh, T. C.T., & Lee, Y. (2022b). "I want to be as trendy as Influencers" - how "fear of missing out" leads to buying Intention for products endorsed by social media Influencers. Joumal of Research In Interactive Marketing, 163), 346-364. httpe://dol.org/10.1108

Dogan, V. (2019). Why do people experlence the fear of missing out (FoMO)? Exposing the link between the self and the FoMO through self-Construal. Journal of Cross-Cultural Psychology

Good, M. C., & Hyman, M. R. (2020). 'Fear of missing out': Antecedents and influence on purchase likelihood Journal of Marketing Theory

Good, M. C., & Hyman, M. R. (2021). Direct and indirect effects of fear-of-missing-out appeals on purchase likelihood. Journal of (Consumer Behaviour, 203), 564-576. https://doi.org/10.1002/cb.1885

Gopalakrishnan, S., & Ganeshkumar, P. (2013). Systematic Reviews and Meta-analysis: Understanding the Best Evidence in Primary Healthcare. Journal of Family Medicine and Primary Care, 2(1), 9-14. https://doi.org/

Gupta, A. S., & Mukherjee, J. (2022). Long-term changes in consumers' shopping behavior post-pandemic: An exploratory study. International Journal of Retail & Distribution Management, 50(12), 1518-1534.

Gupta, M., & Sharma, A. (2021). Fear of missing out: A brief overview of origin, theoretical underpinnings and relationship with mental health. World Journal of Clinical Cases, 9(19), 4881-4889.

Ilyas, G. B., Rahmi, S., Tamsah, H., & Yusriadi, Y. (2022). Does fear of missing out give satisfaction in pur

Jarvinen, Joel," 2016, The Use of Digital Analytics for Measuring and Optimizing Digital Marketing Performance", Academic dissertation, University of Jyvaskyla School of Economics.

Kang, I., & Ma, I. ،2020 ،The mediating role of fear of missing out ، A study on bandwagon con sumption behavior based on fegr of missing out and Kang.

Kang, I., Cui, H., & Son, J. (2019). Conformity consumption behavior and FoMO. Sustainability, 11(17), 4734.

Kang, I., He, X., & Shin, M. M. (2020). Chinese consumers' Herd consumption behavior related to Korean luxury

Klaavu, Marita,2019," Company reputation and image analysis Case: Game Central" , Bachelor’s Thesis in Marketing, Lahti university of applied sciences, Faculty of Business Studies, Spring.

Lipiainen, Heini," ,2014, Digitization of the Communication and its Implications for Marketing", Academic dissertation, University of Jyvaskyla School of Economics.

Ly, Tran Ha Mai," , 2013, Measuring the perceived destination image of Vietnam in Finland ", Pro gradu – thesis, University of Lapland, Faculty of Social Sciences, EMACIM, Tourism Research.

Przybylski, A., Murayama, K., DeHaan, C., & Gladwell, V، (2018). Motivational, emotional andbehavioral correlates of fear of missing out. Computers in Human Behavior, 29(4), 1841-1848.

Rautanen, Matti," , 2012, email marketing in business-to-business relationship", Master Thesis, university of technology, School of Business, International Marketing Management.

Reichheld, F.F. & Schefter, P. 2009. ELoyalty: Your secret weapon on the web. Harvard Business Review, Volume 78, Issue 4, pp 105-113.

Saunders, M., Lewis, P. & Thornhill, A. 2017, Research methods for business students. Fifth Edition. Pearson Education Limited. Harlow. England.

Son, J., & Koo, J. (2019). Evaluation of culturally Symbolic brand: The role of "fear of missing out" phenomenon. Journal of International Consumer Marketing, 31(3), 270-286.

Statista. (2022). Medla usage in an Internet minute as of April. https://www.statista.com/statistics/195140/ new-user-generated-content-uploaded-by-users per-minute

Taylor, B., Sinha, G. & Ghoshal, T. 2018. Research Methodology: A guide for researchers in management & social sciences. New Delhi: Prentice-Hall.

Teo, T. (2015). Usage and effectiveness of online marketing tools among Business-to-Consumer (B2C) firms in Singapore. International Journal Of Information Management, 25(3).

Thomas, B,2017. Anticipate: Knowing What Customers Need Before They Do. Avaliable:http://site.ebrary.com/lib/samk/home.action. Accessed 6 August .

Todor, Raluca Dania, 2016, " Blending traditional and digital marketing", Bulletin of the Transilvania University , Braşov, Series V, Economic Sciences , Vol. 9 (58) , No. 1.

Varnali, K. (2018). The Impact of the Internet on Marketing Strategy. International Journal of E-Business Research, 6(4).

Wilson, A. 2018. Marketing research. An integrated approach. Harlow: Pearson Education.

Wirtz, JO.(2006). “Service Marketing”. People, Technology, Strategy, Pearson Education Upper Saddle River, New Jersey.

Yang, K., Min, J. and Garza-Baker, K. (2018). Post-stay email marketing implications for the hotel industry: Role of email features, attitude, revisit intention and leisure involvement level. Journal of Vacation Marketing, 25(4).

Zeithaml, V. A,2018. fomo Marketing - Integrating Customers Focus across the Firm, Third Edition. Boston: McGraw-Hill.

Zeithaml, V. A., Bitner, M. J. & Gremler, D. 2020. Services Marketing - Integrating Customers Focus across the Firm, Fifth Edition, Boston: McGraw-Hill.

Zhang, G., Dubinsky, A., & Tan, Y. (2019). Impact of Blogs on Sales Revenue. International Journal of Virtual Communities and Social Networking, 3(2).