Authors: Pradip Sinha & Prashant Banerjee,
Associate Consultant, Associate Consultant,
ICMR (IBS Center for Management Research).
According to Prof Sheth, "Women tend to be smarter shoppers and buyers in general and so companies should provide them value for their money". According to Andrea, "transparent marketing" is the future of marketing and really learning to do it will better serve both male and female customers of any product/services for that particular company". This is because everything matters when marketing to women, as they notice everything (point to point) when they form an image of a particular brand. Women do business only with those they trust fully and hence companies should open-up in front of them and not hide anything. As transparency sheds all secrets it is the most applicable way. The perfect example in this context is the campaign of Venus razor for women by Gillette. Other popular examples of transparent marketing are ESPN and Home Depot.
|
|
Women today comprise a significant majority of customers for all businesses. Focusing on their needs and wants is a big opportunity that can dramatically turn the overall performance of a firm.
The companies discussed here identified the need and importance of women in today's business scenario. If a company fails to tap this gigantic segment of the market, there probably will be no tomorrow for them.
1. www.reachwomen.com
2. www.infoline.com
3. www.marketingprof.com
4. http://bpsoutdoor.com 5.Don't Think Pink : What Really Makes Women Buyand How
to Increase Your Share of This Crucial Market, (AMACOM, 2004) by Andrea Learned
and Lisa Johnson.
Reference # 03M-2004-11-08-01 .