Friday, October 19, 2007

The World's Largest Market and Marketing Opportunity

The consumer is not a moron,
she’s your wife. – David Ogilvy

Women:
  • Control more than 75% of discretionary income
  • Over 40% of households with at least $600,000 in assets are headed by women
  • Married women’s earnings are growing faster than their spouses
  • 25% of working married women make more money than their spouses
  • 85% identify themselves as the principle household shopper
  • 90% of married women identify themselves as the principle shopper
  • 80% of consumer goods purchased are made or influenced by women
  • Women buy 50% of all cars and influence 80% of car purchases
  • 51% of consumer electronics are purchased by women (70% of new digital cameras are bought by women)


  • Women are more likely to use people as a resource in their CE research
    • 56% of women turn to their friends and family versus 43% of men
    • 46% of women rely more on in-store sales people versus 39% of men
  • Women tend to get most of their product information from the product packaging, whereas men utilize various websites
  • Women tend to ignore ads driven by features, but rather relate to brands that demonstrate purpose
  • 1 in 4 women purchase consumer electronics from a mass merchant as opposed to an electronics retailer
    • 6 in 10 women find consumer electronic stores cold and unemotional
    • 5 in 10 women indicated they are likely to make their next purchase at a mass merchant
  • Overall, women are less emotionally attached to CE than men. Their purchase behavior is more deliberate and considered than men – who tend to purchase the latest, feature-rich products

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