CONSUMER TRENDS Presented By: Kandice Scrigner Alison Tang

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CONSUMER TRENDS

Presented By:

Kandice Scrigner

Alison Tang

AGENDA

• Trend vs. Fad

• Current Trends

- Woman Fever

- The Bold and The Beautiful

- Materialism

• What Marketers Can Do

• Questions?????

TREND vs. FAD

• FAD

- Very short lived

- Adopted by relatively few people

• TREND

- Change in performance which is unlikely due to a random variation

- Appearance of a newly presented consumer need, desire, want or value

CURRENT TREND

WOMAN FEVER

• The ability to market to women

• Women hold 80% of purchasing power

• Components

- Think Pink

- Female Friendly

- Playtime

CURRENT TREND

WOMAN FEVER

• Think Pink

- Companies are repackaging to cater to women

• Female Friendly

- Difference in male and female needs

- Benefits that women would find useful, attractive and helpful

CURRENT TREND

WOMAN FEVER

• Playtime

- Liquor flavours are created to stimulate the women’s desires

- Packaging changed to focus on pretty colors and labels

CURRENT TREND

THE BOLD AND THE BEAUTIFUL

• The mass population loves to look at “the beautiful people”

• Purchasing is one step closer to being that celebrity

• Components

- Vanity

- The Skinny Society

CURRENT TREND

THE BOLD AND THE BEAUTIFUL

• Vanity

- Love and pure enjoyment of looking at glamorous people

- Desire to look, act or buy like all the famous people

CURRENT TREND

THE BOLD AND THE BEAUTIFUL

• The Skinny Society

- People want to be skinner and healthier

- Consumers seek celebrities as models for their own bodies

CURRENT TREND

MATERIALISM

• Focusing solely on possessions and material goods

• Having the nicest, newest and flashiest products

• Components

- Self Gratification

- Maturialism

- Massclusivity

CURRENT TREND

MATERIALISM

• Self Gratification

- The act of pleasing or satisfying oneself

- The gratifying of one's own impulses, needs, or desires

• Maturialism

Mature customers wanting “the best of the best”

- The pleasure of consuming

CURRENT TREND

MATERIALISM

• Massclusivity

- Immense need for respect and privilege

- They want exclusivity and status

CONCLUSION

• What Marketers Can Do

- Observe, understand and adopt new trends

- Focus marketing strategies on meeting the currents trends

- Capitalize on opportunities

- Prepare for threats

QUESTIONS ????

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