2. Consumer income
The higher the income of consumers, the more goods and services they can afford to buy. If incomes grow, demand for many goods (especially non-essential goods and services) can increase significantly. At the same time, during periods of economic instability, when incomes decrease, buyers begin to save, which directly affects demand.
3. Consumer preferences
Demand for goods and services also depends on the tastes and preferences of buyers. Fashion, trends, cultural and social changes can significantly change consumer preferences. For example, the growing popularity of eco-friendly goods and services leads to an increase in demand for them, even if they are more expensive.
4. Fashion and trends
Fashion and trends are important components that influence demand. When a new usa consumer mobile number list trend emerges (for example, a healthy lifestyle or digital technologies), the demand for the corresponding products increases sharply. Companies that can react to these changes in time gain a competitive advantage.
Consumer expectations also play an important role in shaping demand. If consumers expect prices to rise in the future, they may start buying in advance, which will increase demand. Conversely, if prices are expected to fall, consumers may postpone purchases.