45-54 cohort on laundry detergent as cpg

Upload: preciselyanna

Post on 02-Jun-2018

227 views

Category:

Documents


4 download

TRANSCRIPT

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    1/14

    45 54 Cohort

    Team 2Jessica Harran

    Janelle JordanAnna LamYinan Li

    Colleen PittJesse Ritter

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    2/14

    According to the MetLife Mature Marketing Institute, our cohort canbe described as the Younger Boomers.

    Born between the years 1960 and 1969, they experienced their

    adolescence during the 70s and 80s.

    As seen in the visual shown above, the boom is strongly depicted.

    Insight behind our age cohort commonly

    known as Younger Boomers.

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    3/14

    The overview of our cohort

    ages 45-54 years old.

    Multiple events occurred during the Younger Boomers lateadolescent, early adulthood years that made a significantimpact.

    The three most significant events that truly connect our cohortare the Assassination of JFK, Neil Armstrong walking on themoon, and the Watergate Scandal.

    Another strong connection our cohort has is the idea of theAmerican Dream. Based on our research, both primary andsecondary, we found that most individuals in our cohort believethe ability to build relationships and provide financial stabilityfor themselves and their families are the most important aspectsof this dream.

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    4/14

    The insight behind our

    questionnaire is explained.

    After conducting secondary research, our team was able to

    gain insight into the type of questions we wished to ask in our

    questionnaire. Our teams goal was to uncover more

    information behind the habits and thoughts of our cohorttowards these different products.

    Our questions included: Did their childhood had effects on

    products they currently purchase? Do their personal beliefs

    correlate with their news/media intake? Are frozen dessertpurchases impulsive? With whom do our cohort dine out and

    travel with?

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    5/14

    The focus behind Sub-

    Segmenting is discussed.

    After attaining information from our

    questionnaire and conducting secondary

    research, our team came to a conclusion.

    In order to further analyze our cohort we must

    sub-segment them into two groups: Family First

    segment and the Career Focused Couple. The

    Family First segment include those with childrenand the Career Focused Couple are those who do

    not have children.

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    6/14

    This picture illustrates the average family living

    room for a married couples between the ages of

    45-54 that have two children. The son is holding two ice cream cones, which

    indicates that ice cream is the most popular

    purchase of frozen desserts.

    FOX, ABC, or HBO are the programs that are

    most likely viewed for their entertainment.

    The travel magazines on the tables indicate those

    with children are more likely to plan recreational

    travels on their own without consulting anagency.

    Our cohort predominately subscribe toEntertainment and DIY magazines. This

    conclusion traces back to the ideal self and the

    extended self.

    The illustration of an average family in

    our cohort is displayed and explained.

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    7/14

    Our research indicates

    that those who are

    married, but do no havechildren, can be

    described as true

    foodies.

    In terms of dining out,

    they enjoy time together,

    cooking in the kitchen.

    The dining out behaviors of those who are

    married but have no children.

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    8/14

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    9/14

    For these Career Focused

    Couples, their motivation

    when dining out is toenhance their relationship

    with one another.

    These factors take effect

    in their decision-makingprocess on where to dine.

    The Career Focused Couples decision-making

    process when dining out.

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    10/14

    For married couples with children,

    convenience and environment are

    key factors in their decision-

    making process. The Family First Couples tend to

    dine out at bar and grills

    restaurants with their children.

    This time together is used to

    strengthen their connection with

    one another, similar to the

    previous couple shown.

    Family First Couples decision-

    making when dining out.

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    11/14

    This picture displays the womanholding the most purchased brand of

    laundry detergent associated with this

    cohort. Based on our questionnaire,

    Tide is the predominately brand used

    during childhood and is consumed tillthis day.

    This close relationship between ourcohort and the Tide brand led our

    team to consider the possibilities

    between Tide and a travel agency.

    The travel agency can run a vacationgiveaway while using Tide as their

    platform. The Freshen Your

    Perspective sweepstakes could offer

    free, domestic, family vacation for

    Tide consumers.

    Tides impact on our age cohort.

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    12/14

    Recommendations for marketers

    to optimize on this age cohort.

    Nostalgic advertising could be effective based on the idea of the

    American Dream. Marketers could appeal to the painful longing to

    return to a place of economic stability. Targeting childhood memories

    can also prompt individuals to buy.

    Our cohort is more likely to watch television in the evening. Planning a

    strategic way to advertise during these hours will optimize the brand or

    product. Advertising during hit shows such as New Girl on FOX,

    Modern Family on ABC, and Girls on HBO will help optimize the on

    networks and create awareness.

    Strategic partnerships is essential for advertising. In this cohort,

    women are predominately the key decision makers in a household. A

    partnership to target these women would benefit both parties involved.

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    13/14

    This age cohort stands out from the rest because they saw the landscape of

    this country change, both economically and in technology.

    These individuals maintain the values instilled as children and strive to pass

    these values through future generations despite the changes.

    Our team learned the consumer behavior of laundry detergent, frozendesserts, dining out, recreational travel, and media pertaining to our cohort.

    Through these findings we realized one thing remained constant: their

    attempt to maintain a sense of what the American Dream means to them.

    Paying tribute to our cohort.

  • 8/10/2019 45-54 Cohort on Laundry Detergent As CPG

    14/14

    Thank YouTeam 2

    45-54 Age Cohort