Social media is effectively changing our way of spending - Coggle Diagram
Social media is effectively changing our way of spending
Because there is a lot of comparaison in the media people try to fit to other characters which end up making them depressive and anxious.
news might be genuine or false
Social networking, Microblogging, Photo sharing, Video sharing
Being smart in spending
making smart choices by reading the comments
able to compare the price of the product between different place who are offering the same service
a person who has the power sway the decisions of their followers
the brand partnership with them benefits both parties.(brands benefit from visibility of influencers.Influencers get branded products for free and are paid to advertise)
the goal of influencers is to create a kind of trust between their followers and him.
Fear of missing out
willing to spent by looking others' post
May cause you to spend money unnecessarily.
Needs vs Wants
unable to determine whether the product is good or not (subjective comments)