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| Who's getting it
right? |
I
came across an interesting web site recently, and wanted to share
it with you.
WomanMotorist.com is
its name, and it's a site devoted to, you guessed it, women motorists.
It was established in 1996, claims to be the oldest and largest
consumer automotive magazine for women in the nation. It boasts
of 1.5 million readers a year, or about 200,000 per month, and
it is entirely free. You'll find helpful articles on new and
used vehicles, tips
for your dealings with dealers, travel stories
and destination articles, pretty much anything you might need
or want to know about purchasing, maintaining, and driving your
car or truck. The site also offers “live” chats
on the first Tuesday of each month on new car test drives, and
maintenance and repair Q&As on the last Thursday of each
month. It's another example of somebody who “gets it,” and
that makes it newsletter-worthy this month.
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| Medical Gender Trends |
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A recent article published in the Journal of the American Medical
Association noted that women are different than men, not only
psychologically but also physiologically, and these differences
need to be understood. Now, I've always known that women and
men are different, and there is certainly enough assembled knowledge
already to prove this. Seems, though, that beyond the obvious
and well known differences, women and men are even more different
than we realized. The report states that major illnesses (heart
disease, lung cancer, and many others) are gender-influenced,
and women's treatments for them need to be different than the
approach used for men.
There's lots of new data on gender-based
approaches to the treatment of illnesses, and this is only
one. Suffice it to say we'll be keeping our eyes on the subject
in the future, and will, from time to time, share our findings
with you. Those in the medical industries need to be aware of
the concept of gender-based treatment, and marketing of services
and products need to adapt accordingly, too.
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Friends and Fellow Marketeers - Greetings!
October 19 has come and gone, and some preliminary results
and estimates are in, so we return to the "Buycott" people
at 85 Broads in our main article. We've supplemented
this with another example of someone who "gets it," and, mention
of an industry not necessarily thought of in the context
of marketing to women . . . . modern medicine. We try
to stay ahead of the curve here at TSG, and we're glad to
introduce you to emerging issues for businesses to consider. Happy
reading!
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Marti
Barletta
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| Buycott
Results are in! |
In last week's special edition of my
newsletter, I brought to your attention the “buycott” being
promoted by the organization known as 85 Broads. I promised we
would revisit this exercise and offer our observations and opinions,
and I always honor my promises.

So, what happened? Did the earth shake and quake? Did boardrooms
cower? Please remember the first line in last week's newsletter: “It's
easy for something that starts small to grow surprisingly quickly.” It
did start small, but the power of the Internet should not be underestimated.
The grass-roots online effort does seem to have generated a substantial
amount of support, and we would estimate that millions, yes, millions,
of people around the world got the memo on this one.
The intention of the organizers, 85 Broads, was to accompish
two things:
- to raise awareness of women's economic clout and
influence on the global economy; and,
- to generate legitimate,
serious and substantive discussion on the subject of speeding
up the abysmally slow progress of workplace advancement for
women, and narrowing the space between their purchasing power
and their presence in board rooms and corner offices.
Measuring the success of the “buycott” will be, at
best, anecdotal for now. The 85 Broads group estimates that a quarter
of a million women participated, and bases this estimate on email
traffic from 350 locations around the world. While acknowledging
that measuring the exact dollar amount unspent on October 19 is
difficult, 85 Broads nonetheless has offered the figure of $13M,
a not insubstantial amount.
The media gave good, not great, but good, coverage of the event
and its organizers, with pieces in Newsday, and from CNN, ABC News,
CNBC and other media outlets. The number of CEOs who might have
been aware of the event is unknown, but I suspect the Fortune 500's
eight women CEOs were. The 85 Broads group has promised to keep
an eye on any changes in the boardroom and corner office landscape,
and we'll be watching with interest as it reports.
In last month's newsletter, we discussed the extent of the economic
power that was being tested, noting that women purchase or directly
influence the purchase of 85% of all products and services, and
nearly 2 out of every 3 automobiles today, as an example. Corporate
America, and beyond, simply can not ignore that power and expect
to stay healthy, or even survive. If that corporate mindset remains
as “boats against the current, borne back ceaselessly into
the past,” as Fitzgerald wrote in Gatsby, the developing
wave will crash overhead with a wealth of $14 trillion, and leave
a lot of companies behind.
We say “Great Start” to 85 Broads for the spotlight
they shined on these issues. We suspect Buycott II plans are already
underway for next October, so I'll probably have more to say in
another year on this effort. In the meantime, what are you doing
to understand, reach and increase your share of the world's largest
market segment, readers? I really don't want to see you washed
away by that wave. This “buycott” started out small,
but it grew surprisingly quickly.
Our eyes are on the women's market. Are yours? |
| About
Marti Barletta and TrendSight |
| Marti Barletta, author of Marketing
to Women: How to Understand, Reach and Increase Your Share of the
World’s Largest Market Segment (foreword by Tom Peters) is
a recognized expert on building sales and boosting share by tapping
into the buying power of women. A Wharton MBA, she honed her marketing
and sales talents via a distinguished career at top-flight agencies
like McCann-Erickson, TLK, FCB and Frankel, and work on blue-chip
brands such as Kraft, Kodak and Allstate. |
| The TrendSight Group is a Chicago-based
consulting and training firm that helps companies boost sales and
share by tapping into the buying power of women. Unlike other marketing-to-women
consultancies, TrendSight brings both in-depth gender expertise and
hands-on experience to the table. The proprietary GenderTrends model
systematically translates hundreds of gender insights into focused
programs within each of the 12 marketing disciplines, including advertising,
PR, website communications, retail environment and sales. Consequently,
their programs are as marketing-sharp and field-effective as they
are gender-savvy. |
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