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Women are increasinglyinfluential consumers
Women represent 50.7 of the US populationInfluence or buy 80% of products sold
spend close to 3.5 trillion each year in US
Discuss companies like Sears and Home Depot compared tothe car industry. What has the car industry done wrong? pg 44
No company today can afford toignore women
"The new economy hasendangered a business
atmosphere thatrequires problem
solving, communication,and the manipulation of
information, skills inwhich women are highly
developed"
How are womenchanging the way
business isconducted andorganizations
operate?pg 47
What women want asconsumers
1. Respect: Acknowledge they are intelligent and informed, and they willrespect your brand2. Individuality: Recognize their diversity as much as possible, and resist alltemptation to stereotype3. Stress Relief: Offer solutions, or at least understanding, of the tensions thatprey on them daily
4. Connection: Women want to know what your product will do for them,personally - find out what makes them tick
5. Relationship: Brands that take a sincere stand for something anddemonstrate it in real, concrete terms will do well with women
RESPECT
"Women know anawful lot more about
carburetors andelectric saws than
you might think...Talkto them with
respect!"
What did Michelin tirecompany do right?
What did AMEX dowrong?
pg 49-50
"Boss, mama, woman,worker, nurturer,
girlfriend, biker, wife,business owner,
seductress, friend,cook,
volunteer, activist, industry leader, artist,
sports fan"....allwomen are not the
same!
How did aCorningware
cookware commercialwith the tagline "find
your inner chef" differfrom those of typical
"Betty Crockerish"cooking ads?
pg 51
INDIVIDUALITY
Since emotional branding is aboutsolutions, what can be done to help
women find and feel morework/life balance and relief fromstress in the brands in their lives?
What could grocery stores doto help develop a relationship with
women? pg 52 Can you think of any ideas any other
company could do?a woman's job is never
done!
STRESSRELIEF
"Give me a F-E-E-L-I-N-G!!!"(not stats or lists of
numbers
Women base mostof their decision-
making on emotionsas opposed to
rational elements.
CONNECTION
Women will give theirtrust and long-term
loyalty to brands thatenter into a
meaningful dialoguewith them.
Women want brandsthat reflects values
that are important tothem.
RELATIONSHIP
Today's Girls, Tomorrow's WomenGirl power is everywhere - as seen in a new kind of
feminine empowerment that embodies the attitude ofyounger Gen Y women.
Brands need to speak to women in new, inventive ways.Finding out how to make a loyal female customer is
probably the best investment a brand can ever make!