HOW DO YOU TREAT YOUR WOMEN? HERE ARE SOME POSSIBLE SALES OPTIONS THAT MAY WORK BETTER FOR YOU!
Marketing wisdom tells us that 80% of all household purchases are made by
women, and no business owner can ignore them.
Marketers of kids’ gear, food,
cosmetics and clothes are good at reaching women, but women buy gender neutral
stuff too, like cars, auto services, technology and just about everything
except Viagra.
Yankelovich marketing consulting firm reports that 60% of women 16 and older
are working. They comprise over half of all college students and about 38% of
small business owners according to the 2002 figures of the Bureau of Labor
Statistics.
A February 2002 study by Prudential Financial found that of 400
American women surveyed, 37% live in households with incomes of $50,000 -
$100,000, and 12% were in the $100,000 annual income range.
No business owner can afford to ignore this market, but not ignoring them is not
the same as attracting them. Attracting them is not the same as winning their
loyalty, either. There is definitely a difference in dealing with women because
they notice the small stuff. While men tend to make judgments based on first
impressions and key interactions, women never stop gathering information.
Women develop a collage of impressions about a business from a hundred small
factors; everything from its cleanliness to the design of the shopping bag. Smart
business owners turn this to their advantage by investing in small amenities
women can appreciate. Many young women today are much wiser than the
boomers were at the same age. They have traveled widely and are accomplished
and picky consumers.
The key to winning the loyalty of women shoppers and your share of this market
is to offer carefully selected choices rather than a plethora of everything from Ato-
Z that overwhelms them Eileen Fisher, designer of
women’s clothes, adopted this strategy and offers simple clothes in a limited
palette.
Furniture stores such as Storehouse Furniture in Atlanta have pared
their selections to an “everything goes with everything else†array. Even house
paint companies are adhering to this strategy of paring down and offering
carefully selected choices.
Look! Women have so many work and family responsibilities they don’t have
time to research and ponder every buying decision. They also aren’t trying to
impress their friends by having the most toys.
While a man may want 16
different size screwdrivers in his toolbox, you show a woman a tool with 16
interchangeable heads and she’ll buy it. Now she has one instrument which
takes up less room but accomplishes the same thing, costs less in the end, and
does the same job.
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