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Staff Meeting Discussion Starter
by: Thomas W. McKee

What are the changes that are affecting our business?

Jay Conrad Levinson in Guerrilla Marketing lists the following as some of the significant changes in the nineties.

  • Tomorrow's marketplace will be populated by customers who are more demanding, less forgiving, in a hurry and appreciative of warmth and attention to detail.

  • The ultimate winners in the nineties and beyond will be companies that are right in front of buyers at the time they want to buy. Not easy, but possible.

  • Your product or service will be considered exactly the same as that of your competitors. This is because an enormous influx of marketing will create mass confusion and the perception that all offerings are created equal.

    How have consumers changed in the last ten years?

    In 1992, a national poll by New York advertising agency, Warwick, Baker and Fiore, revealed that nine out of ten shoppers have a specific strategy in mind for saving money. They have been categorized into five basic groups.

  • The Practical Loyalists: 29% remain loyal to their preferred brand.
  • The ultimate winners in the nineties and beyond will be companies that are right in front of buyers at the time they want to buy. Not easy, but possible.
  • The Bottom-Line Shoppers: 26% buy the lowest price item with little or no regard for brand. This number is up from 14% in the mid-1980's.
  • The Opportunistic Switchers: 24% use coupons or sales to decide among brands and products that fall within a mentally preselected group.
  • The Deal Hunters: 13% look for the best "bargain" and are not brand loyal; however, "bargain" refers more to value than to price.
  • The Non-Strategists: 8% do not spend time and effort to strategize their shopping (mostly men).
  • Staff Discussion

    Do you agree with the conclusions? Are customers more fickle today? Have you felt the impact of fickle customers (patients, clients, membership)? How? What should our marketing approach be?

  • Nurture our client to become practical loyalists
  • Reduce our pricing
  • Spend more money and time and effort in educating our clients to become "value" driven rather than "benefit" driven
  • Other creative ideas
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    Just Do It -- the Motivation for Peak Performance

    The Firehouse Syndrome: Effective vs. Efficient Management

    Just When I Learned to Speak, Everyone Stopped Listening! -- Speaking to the "Sound Bite" Generation

    How to Make the Team Work: The Power of Synergy


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