Showing posts with label market research. Show all posts
Showing posts with label market research. Show all posts

The New Elite: Inside the Minds of the Truly Wealthy Review

The New Elite: Inside the Minds of the Truly Wealthy
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The New Elite: Inside the Minds of the Truly Wealthy ReviewIt has been said that the wealthy are different. Well, not so much. In fact, according the in-depth study done by the authors of this book, the wealthy came not from wealth but from middle class backgrounds. They therefore have all of the middle class ethics and needs, wants and desires.
Yet within the wealthy, there are differences. From first becoming wealthy to having had wealth over a decade or more, money brings different meaning to the groups within the wealthy.
If you're a marketer, you should read this book. I came to it as someone who makes a living understanding different groups and how to sell to them. To that end, I got a good deal of useful information from the book.
You'll learn what they read, what they buy, how they feel about their wealth and money in general. You'll learn far more about them by reading this book than anything you might see on television.
It is full of research. It has lots of facts and figures and very little editorializing, which I like. This is by far the most interesting and best written book on this subject that I've read and I highly recommend it to you.
- Susanna K. HutchesonThe New Elite: Inside the Minds of the Truly Wealthy Overview

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What Women Want: The Global Market Turns Female Friendly Review

What Women Want: The Global Market Turns Female Friendly
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What Women Want: The Global Market Turns Female Friendly ReviewHaving enjoyed and learned a lot from retail expert Paco Underhill's previous two books, Why We Buy: The Science of Shopping--Updated and Revised for the Internet, the Global Consumer, and Beyond and Call of the Mall: The Geography of Shopping by the Author of Why We Buy, I was pleased to see he has another book out. Despite the cringe-worthy title, I wanted to give Underhill the benefit of a doubt. In What Women Want: The Global Marketplace Turns Female-Friendly, he makes the observation that women do a lot of shopping and not just for clothes and food. They have a say in big ticket items like cars and houses and appliances. Many women are not even married, they work for a living, and buy their own houses, cars, and appliances. Hear me roar.
It's a sure bet that Underhill didn't write this book for women at all. He uses awkward phrasing, making it sound as if he's reporting anthropological findings about a colony of exotic specimens with quaint shopping habits. He shies away from the word "woman" most of the time, opting for "female" and "female of the species."
His major finding is that women like things clean. Clean stores, clean hotel rooms, clean restrooms. Here's a flash for you retailers out there - men like things clean too.
There are some useful nuggets in the book, if you're willing to wade through frequent speculations that women like curvy surfaces as opposed to more manly straight edges. For instance, in the chapter about hotels, Underhill notes that women are more concerned with security than men are. That means that a woman may not appreciate it when the clerk at the reception desk calls her by name several times as she checks in, so that everyone in the lobby knows her name. Good advice.
Unfortunately, you have to put up with a lot of generalizations and spurious factoids, such as "In general, females find it much easier to orient their way around if they can look at a 3D map." Here's a mysterious observation on parking lots in the Netherlands where - "Perhaps because of biological imperatives ... females are more comfortable positioning themselves - and their small cars - over something rather than within two defined lines. Men, owing to their own biology ... are more at ease navigating their vehicles in between a target."
I'd like to think that Underhill did actual research to come up with his advice, maybe some surveys and questionnaires, gathering statistics and such, but if he did, he doesn't mention it. We just have to take his word for it that "Reading ... has always been a more traditionally female passion than a male one. It's sedentary, meditative, personal. It's passive (I mean that as a compliment)..."
To be fair, Underhill makes generalizations about men too, as if men don't care if their hotel room or store restroom is clean, or that men are only about specs and power and don't care at all about convenience and comfort. Most of the improvements Underhill suggests would be as appreciated by men as they would be by women. Clear instructions, thermostat controls in hotel rooms, clothes that fit, who doesn't want those?
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