Women Have the Power
In the meantime, my toddler is able to quickly grab a treat from the checkout stand on the other side while I am distracted, because of course they put the chocolate low enough for the kids to reach and take a bite into before I notice and now am forced to purchase! No wonder women buy over 80% of consumer purchases.
I recently came across these statistics from Catalyst Research and Lusk-Moore and Associates (LMA).
- Women are leaving corporations at twice the rate of men, many to start their own businesses.
- Women buy over 80% of consumer purchases, including over 50% of electronics, computers and investments.
- Women own 66% of home based businesses
Knowing this, who are you gearing your marketing ads to? The amount of women to men on the Internet is just about equal these days, yet I see so many opportunity ads geared towards men.
According to another article I was reading about marketing to women (although I have been saying this for years), Women (mid-20s to mid-50's) don't have a lot of time available to absorb the information. I am seeing more and more women these days discover the whole concept of getting their cake and eating it too. Things are reversing and a huge number of moms are working from home doing a balance act of running a home based business while being a mom to their children.
So offering smaller chunks of information for women to read likely will cut through the clutter they are juggling on a daily basis. These are things to remember when marketing to women for your products and services. Women don’t have a great deal of time, so make it pithy and offer something enticing to come back for more such as a bonus gift.
Brad & Kelly Smith are mentors and leaders in Mentors in Motion, Master Key System and Amigo Health. They share their passion and knowledge of the industry within the past 5 years with others in Success.