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So too do older people settle-down
to a consistent repertoire of favourite brands. A quarter of people aged 60 and
over rigidly stick to their shopping list. However this is not true of people
with older children and newly established empty nesters. Once parents are free
of product rejection by their fickle kids - they break out into a new found freedom
of brand experimentation and spontaneous purchases - driven by enticing advertising
they or their older kids have seen. Naturally high income earners are at liberty
to make more impulse purchases - after all, with more money in their purses, the
risk of bad choice is less significant. When
it comes to trialing new products, the research found three groups: Advertising
responsive new trialists
Nearly half of Australians will try
a new product that they have seen advertised - in fact, women more so than men.
Six-out-of-ten people aged 18-29 will try new products they have seen advertised,
compared to only a third of people aged 60 and over. Most heavy TV viewers try
products that they see advertised, compared to a minority of light TV viewers.
Impulse
trialist
Nearly one-in-two people will try
a new product on impulse if it catches their eye on the shelf. Women are more
likely to be impulse shoppers than men. Younger people and the more affluent sections
of the community are also more likely to try new products on impulse. Familiar
brand trialists
Forty two percent of Australians
will try new products, so long as they have heard of the brand name before. People
aged 50 and over were just as likely as younger people to try new products, provided
the brand name was familiar. In fact a familiar brand name is more important in
convincing older shoppers to trial a new product than advertising. Then
there are those people who are the least likely to try new products. Price
insensitive loyalists are those people who say that they will stick to their
favourite brands, even if they see something else on special. Contrary to expectation,
this is not a trait of the most affluent. In fact, ABs, the most affluent group
in Australia were most likely to strongly disagree with this assertion, and say
that they would switch away from their favourite brand and go for an item on special.
The most brand loyal people are those aged 50 and over and middle income earners.
Men are also more brand loyal than women. Strategic
thinking for marketers
The secret to launching new products
and new varieties is to think about not just who will be making the decision to
purchase, but how they will make that decision. How free are the target market
to choose to experiment with a new product? If the product is aimed at shoppers
who have to think about the brand preferences of a whole family, support marketing
will be required to get the new variety onto the shopping list before the shopper
walks out the door. But if the product is set to appeal to another group - say
those in their 50s who have grown beyond the constraints of their kids influencing
so many of the items on their pantry shelves - then let the advertising creative
reflect that new found freedom! |