The End of Shrink It and Pink It

June 21, 2016 § Leave a comment

gendermarketingpinkstuffThere was a time when brands would slap an overly obvious pink color on something they intended for women. Think power tools, football jerseys, ballpoint pins, razors. Oh, wait. It is still happening, although not as often as before.  Washington Post had a great article on the subject.

Bridgette Brennan, author of Why She Buys, says “Pink is not a strategy, unless you’re raising money for breast cancer research.”

It’s not that women don’t want products targeted to them. But in today’s world, women don’t want stereotypes. It’s a much more subtle type of targeting, like recognizing that women drink beer like Amy Schumer in Bud Light spots. They want a more representative view of society today.

And they don’t expect to see women in all the ads targeted to them. Moms like to see a Dad who likes his kids and is involved in their lives. Like those great Cheerios ads or a Dad who gets excited about a Swiffer.

Cultural stereotypes take time to change, but we are beginning to see a little more representation.

Mall Shopping No Longer Cool

April 18, 2016 § 1 Comment

1110_macys-nyc_650x4551The mall is no longer the cultural center of consumerism.  The crown jewels of mall shopping like Macy’s, J Crew and Sears are suffering.  Some predict 15% of malls will fail or be converted into non-retail space within the next ten years. In 2015 major retailers saw sales move away from brick and mortar stores while online giant Amazon increased sales 97%.

There are many reasons contributing to this decline but most importantly, there is a new savvy shopper out there who wants or needs new experiences.

  1. The mall as a hangout or destination is no longer necessary. Young people used to go to the mall to see and be seen. Today, social media, text messages and video chats replace some of that social activity. Movies can be downloaded. And goods are accessible online. So, the number of retail visits continues to fall. Time saving is paramount for many.
  1. The middle class shopper has moved on. Only upscale shopping centers are surviving. The affluent are keeping luxury brands in business, but middle class shoppers have left semi-luxury brands in favor of cheaper alternatives. The middle class shopper is less financially able to shop malls. Upscale malls in “super zip codes” are doing well, but the middle class mall is suffering. Middle class shoppers are seeking out dollar stores and stand alone retailers like Walmart and T. J. Maxx.
  1. Savvy shoppers are in control. Educated shoppers know where to get the best deal. Shopping decisions start online with price comparison. Some 87% of smartphone and tablet owners use a mobile device for shopping activities according to a Nielsen report. While 59% said online shopping was actually their favorite way to shop, many still prefer going to a store after checking prices online. Purchases are moving online, particularly with the prevalence of free shipping at many online retailers. Purchases are going to mega sellers like Amazon, department store online shops, boutiques, designer sites and buying clubs like Gilt and RueLaLa. With this type of price scrutiny, retailers have moved to heavy promotional selling.
  1. Fashion is moving to more year-round clothing. Traditional seasonal shopping has been replaced by just-in-time shopping to more closely follow current weather patterns. Year-round shopping and the prevalence of discount fashion like H&M has changed patterns and total expenditures.
  1. The retailer options have continued to grow. Premium outlet centers has replaced the mall for many bargain seekers and sales continue to grow. But discounting by major retailers and the continued growth of online shopping may make outlet centers less attractive for savvy shoppers in the future.

 

 

 

Super Bowl 50 Ads. Proof Women Respond Differently.

February 20, 2016 § Leave a comment

Neilsen research shows there are significant differences in how men and women think, react, shop and watch.  Understanding how these differences can drive behavior can help marketers create more effective advertising and marketing campaigns.  Something Super Bowl 50 advertising clearly illustrated.

A Look at the Super Bowl 50 Ads

This year many of the ads appealed directly to women featuring racing dachshunds (my favorite), Doritos shopping dogs, Super Bowl babies and Hyundai’s spots featuring first dates and distracting men.   Spot Trender did interesting research comparing several spots for gender appeal.

UnknownIn a head to head playoff with Hyundai and Acura, Hyundai did a better job.  The Hyundai spot featuring Ryan Reynolds showed a car that didn’t get distracted like the women driving it.  Women loved this spot.  But a few men (13%) were offended by it, or maybe just a little jealous of Reynolds.  Acura’s “What He Said” ad for the Acura NSX was all rock music, special effects and speed.  It was liked less than the Hyundai ad by both genders but clearly less than females.

INTUIT-Death-Wish-Coffee-720x415 The Death Wish coffee spot featured Vikings in a masculine approach to advertising coffee, even using the line “fiercely caffeinated”.  The spot did well with men but the Starbucks ad showing a mom making her Starbucks on a lazy weekend morning did much better with women and did well with men as well.

Contrasts in Men and Women Brains

Nielsen says that while male and female brains may look alike on the outside, there are contrasts in how men and women process information, express emotion, interact with others and ultimately approach their daily activities that involve media and shopping.

Gender Differences

Women are hardwired for:

  • Big-picture thinking
  • Multi-tasking
  • “Gut” reasoning
  • Social and verbal skills
  • Worry/Empathy

Men are preconditioned for:

  • Concrete thinking
  • Goal-oriented tasks
  • Logical solutions
  • Competition/defense

Differences in Advertising Appeal

When looking at advertising, women under 35 like ads that are upbeat, aspirational, celebrity-focused, occasionally silly, but never mean-spirited.  Women 35-54 may respond more favorably to messages that are sentimental, highlight real-life activities, family friendly and relatable.  Men are looking for fast acting movement, competitive activities and often, sadly, suggestive humor.

 

Tying this together, we see shopping patterns emerge.  Men are goal-oriented shoppers.  They shop to win or complete a goal.  Women are more likely to browse around and shop for deals and special offers.  Research says women are more attuned to discount and promotional news than men (men 57% vs. women 62%).  Women might head to a factory outlet with name brands while men might go to the department store and pay full price.  A few years ago, J.C. Penney learned an expensive lesson on the importance of promotions when they eliminated sales, promotions and coupons and drove away their core audience.

Marketing should employ creative elements and styles that resonate with the way the female brain works. Emotion wins the day over logical facts every time.  That doesn’t mean women don’t want information; they will seek out the information after they become interested.   Women also appreciate authenticity, social consciousness, and nuance.   The female brain is programmed to maintain social harmony, so messaging shouldn’t focus on conflict.

“Women relate to a more aspirational approach, connecting with happy situations that feature characters who allow a woman to imagine herself in their shoes,” says the report. Men like the offbeat humor embodied by “normal guys” in exaggerated situations.

Frequency of advertising also plays into gender receptivity.  Women can absorb more information in a 30-second ad than men but they are harder to convince, often only deciding to buy after multiple exposures.

 

Social Media Advertising in 2016: Don’t Be Scared!

January 4, 2016 § Leave a comment

So, the Force has awakened!social_media_freak No, not Star Wars; it’s social media advertising. While we were posting our holiday pictures, social media has moved from a “free” social platform for conversation and awareness to a bona fide advertising medium.

Social media is now a performance-driven marketing channel that delivers highly targeted audiences, new ad formats and a wide variety of measurement tools. On Facebook, desktop ads have 8.1X higher click-through rates and mobile ads have 9.1x higher click-through rates than normal web ads. And Promoted Tweets have shown average engagement rates of 1-3%, much higher than traditional banner ads.

Here’re the facts:

  • According to Pew Research, 65% of all adults use social media.
  • Women still lead men in the use of social media but barely. Since 2014, the differences in usage by gender have been modest. Today, 68% of all women use social media, compared with 62% of all men.
  • Marketing will spend 13.2% of their budgets on social media this year. And of the $137.53 billion global digital ad expenditures in 2014, $16.1 billion was spent on social media, a 45% increase over 2013.

Targeting is key and social media has acknowledged their fierce advantage in geography, specific target audiences and engagement.

Facebook and Instagram are serious contenders for video advertising. Since the two share the same advertising platform, it’s important to look at them together. Oh, and Facebook has been tweaking its news feed algorithm in the past year, favoring videos users are more likely to watch. Facebook reports users view about four billion videos on the social network each day.

Twitter is also making changes that will bode well for advertisers. Twitter is the second-most popular social media platform among marketers with 77% of B2C and 83% of B2B marketers using the network. The new news for Twitter is their testing of displaying tweets based on curation rather than chronological order. Curation could help brand engagement. Twitter is also looking for the video audience and is providing new ad options.

Pinterest added buyable pins last year but is still struggling to make pins into sales conversions. Pinterest seems to be more aspirational than real like Instagram.

So what to do in 2016?

Here are some tips. Make sure you are spending a portion of your advertising dollars in social, testing the effectiveness for your business and honing your messages to your target audiences.

  1. Know your campaign objectives. Are you wanting to increase conversions on your website, promote your social media page or get your content seen by your target audience?
  2. Have relevant content. Use your free social media to beta test relevant social ads. Figure out what is resonating the most with your customers and build social ads around these topics.
  3. Know your customers so you can use the amazing targeting features of social media.
  4. Rotate messaging to mitigate ad fatigue and test content.
  5. Design content for the social media you are using and the engagement you desire. Create a video strategy.
  6. Think mobile. Most social media is consumed on our smartphones so make sure you social media ads are optimized for mobile.

 

Marketing to Women in 2016: Ten Trends

January 4, 2016 § Leave a comment

Marketing to Women

Here are some insights that will help us navigate the New Year of Marketing to Women. They are less crystal ball thoughts and more practical information for the new year.

  1. Social is marketing. Women are embracing new platforms of social media and marketing needs to follow. Instagram is now larger than Twitter with more than 400 million users, with 59% using Instagram daily. Some 55% of online adults use Instagram, composed of 31% women and 24% men. On average, millennial moms have 3.4 social media accounts, versus the 2.6 for moms in general. (Weber Shandwick)
  2. Marketing to Moms means marketing to Millennials. Currently, one-third of millennials have children and that number will continue to grow in 2016. Millennials increase their smartphone usage by 63% after becoming moms, and they spend 35% more time on their mobile device than on their PC or laptop. Those numbers keep growing—a trend we expect to see continue in 2016.  Some 81% of millennial moms researched or purchased items via on their phones while shopping in-store this year. And one in four moms do more than half of their shopping online. (BabyCenter/IAB)
  3. Women expect to shop anywhere, anytime. The online shopping tipping point happened this holiday season proving the importance of omnichannel and smartphone shopping. Retail sales were up 7.9% between Black Friday and Christmas Eve, with brick and mortar sales down while online sales grew 20%. And Amazon seems to be the touchstone. A poll conducted by CNBC this holiday season found that about 49 percent of shoppers say they ‘‘always’’ or ‘‘most of the time’’ browse Amazon when they shop online. Amazon says almost 70 percent of its customers this holiday season shopped via a mobile device and the number of Amazon app shoppers more than doubled in the same period. Amazon set the bar high this year with their same day Prime deliveries. In Seattle, Amazon Santa delivered its final pre-Christmas package at 11:59 p.m. on Christmas Eve. Free shipping seems so yesterday in this last minute world.
  4. Generation Z cannot be ignored. While some are just catching on to Millennials, it seems that Centennials or Generation Z (anyone born after 1995) are a new consumer not to be ignored. Gen Z makes up one-quarter of our country’s population, and by 2020, they will account for 40% of all consumers. Gen Z is exerting a powerful influence on their families’ spending. Indeed, 93% of parents say that their children shape their families’ spending and household purchases. Start studying this generation and see how they fit into your consumer world.
  5. Email is still relevant. The widely reported “death of email” was overblown. Research tells us that emails are hugely relevant for women, but they must be mobile-friendly. Best performing emails need to have a special offer, coupon or deal.
  6. The :15 video is the standard. Life is busy and women don’t have time to watch long videos. Consider how-to and product videos showing how the product is being used. Website videos still have a place as well as a source of buying information.
  7. The reviews are in. Nearly 70 percent of consumers and 82 percent of millennials seek opinions before buying, according to Mintel’s survey of 2,000 U.S. adults. Fifty-six percent of respondents said online reviews from people they don’t know help them decide which products or services to consider, and half said they would pay more for a product with positive online reviews. Women rely on reviews more than men. Top factors influencing women to purchase a product (84%) was a recommendation from family, friends or peers.  On average women research 10 sources of information before buying a product (versus two for men). Brands need to give women an opportunity to learn more about them and give them the tools to try, share and recommend. Monitoring your reviews and providing information to buyers is extremely important. Research has shown that 42 percent of customers who complain via social media expect a response within 60 minutes. In addition, 52 percent expect responses at night and on weekends, even if it is not during the business hours.
  8. Brand values matter. Women expect brands to be more open and transparent about their philosophy and values. Brands can’t just sell warmth and empathy in big splashy media but not deliver when they meet the consumer online or in-store. Women expect brand service and brand delivery to be warm and empathetic.
  9. Marketing to women is not marketing to gender or just showing women in ads. Brands need to consider the various multiple roles of women and focus on her areas of interest – children, health, business, shopping.  
  10. Bring back humanity. In a time of big data, programmatic digital and native experiences, the technology seemed to trump the message. In 2016, it is time for a return to the type of brand relationships that win over hearts and minds. We can no longer “sell”. It’s time for valuable content, engagement, personalized communication, and living experiences.

 

 

A Google Survey Can Answer Burning Questions Quickly and Inexpensively

November 8, 2015 § 1 Comment

11665626_10153123754483752_7259716457234014637_nWant to know something right away? The Google Consumer Survey is a new way to quickly answer marketing questions like “are brides keeping their maiden names”. The New York Times recently quoted a Google Consumer Survey, reporting some 20% of women married in recent years have kept their names. The Google Consumer Survey is a great alternative for quick-turn around questions. How does it work?

If you are thinking about a pre-test of a marketing campaign, testing some key product messages or gauging opinion or reactions, Google Consumer Surveys could be your answer.

With Google Consumer Surveys, you can write your own survey questions online.  You pick your target, either the entire US internet population or a custom audience: 25-34 year olds, people who live in Nashville, women, etc. The survey can be fielded to a validated, representative sample of respondents whenever you want it.  That means quick results.

Where do the respondents come from?  Unlike traditional survey methods, Google survey respondents are people browsing the web who come across your questions as they seek out online content, such as news, entertainment and reference sites.  I have answered questions on sites like The Tennessean to be able to access stories. Users answer up to 10 questions in exchange for access to the content.  

Google says they automatically aggregate and analyze responses, providing the data through a simple online interface. They give you interactive histograms, clickable demographic segmentation and comparisons, and statistically significant insights―all easily sharable.   Results appear as they come in, with full survey completion within days.

And pricing is really attractive.  General population surveys are $.10 per complete for 1 question surveys and $1.00 per complete for 2-10 question surveys (regardless of how many questions you have).

Surveys targeted towards specific age, gender, or location demographics are now $.15 for 1 question surveys and $1.50 per complete for 2-10 question surveys.

So back to maiden names for women today!  The Google survey found that higher-income urban women were much more likely to keep their names.  The Times compared this subgroup to the wedding pages of The Times. Their results: nearly half of women featured in The Times since 1985 changed their names, while about a quarter kept their names and a quarter did not say, according to an analysis of 7,835 opposite-sex wedding announcements in five-year intervals.

It seems the resurgence in keeping names could be because women now go to college at higher rates than men, celebrities usually opt for their single names and couples commonly live together before marriage using both names.  By the time, women marry, they have established themselves by their maiden name.

So, Google on friends.

 

 

Five Things You Need to Know About This Holiday Season

October 6, 2015 § Leave a comment

635527976455857363-NAS-DECKHALL-01We haven’t heard Brenda Lee singing Rockin’ Around the Christmas Tree yet, but holiday shopping has already begun.  Around 32 million Americans –- or 14% of consumers -– have started their holiday shopping.  Or should we say 32 million women have started their shopping?

Google has identified five holiday shopping trends we need to watch this year, based on last year’s behavior.

  1. This will be the most connected holiday shopping season ever. Forty percent of holiday shopping occurred online last year and this year will be bigger. We rely more on the internet for holiday research than we do friends and family.
  2. Mobile will continue to influence more sales. Nearly 28% of all retail sales were influenced by shopping-related mobile searches. Fifty-three percent of those who shopped online used mobile smartphones and tablets to make purchases.
  3. Early shopping will take away some of the clout of Black Friday and Cyber Monday. Some 48% of holiday shoppers say they did the majority of their shopping on or before Cyber Monday, up from 40% in 2013.
  4. Consumers more open to new stores and brands for holiday shopping.More than half of shoppers were open to buying from a new retailer and 41% actually made purchases at new retailer.
  5. Holiday shoppers turn to peer review on You Tube. Of people who watched online videos to help with holiday shopping, 68% preferred product videos from “people like me.”

Where Am I?

You are currently browsing the Uncategorized category at The Lipstick Economy.

Follow

Get every new post delivered to your Inbox.

Join 7,880 other followers

%d bloggers like this: