As an entrepreneur you should know that consumers are governed by social and psychological needs. For some reasons, your product may not satisfy the consumer’s needs and he doesn’t buy, even though, the consumer might initially be attracted towards it. A prime example of this kind of consumer behaviour could be seen with middle class society, when they shop for expensive or luxurious items. Their buying decisions are guided by reference groups: the friends, close family members, colleagues; people whose opinion matters to the buyer. Thus, entrepreneurs have to figure out how to turn this into a win-win situation.