Women & Business: Are Woman Fundamentally Different Than Men?

Are Woman Fundamentally Different - Group Hug

How do woman differ than men in business and as consumers? I have been focusing mainly on male consumers in my effort to understand consumer behavior, but now I want to know more about woman? Knowing your market’s consumer behaviors is vitally important to understanding how to successfully approach it with your product offerings. Woman spend 4 times more than men in the US consumer market which is a number that I cannot ignore. It means that I must tailor my marketing to be female inclusive, even though (for the time being) my product offerings are exclusively for males. The fact that a significant percentage of my sales will be to women buying for men I am thus forced to create a second set of copy and landing pages focused on converting female traffic. This begs the question: How are woman different from men in their spending and shopping habits, and how do I address this?

The answers to these questions may lie in reports released by several major public companies recently. They may allow me to explain how to format my site’s content to account for spend habits of both sexes. But before a look at the results of this research, I want to see what your thoughts are in the form of a comment in this post. Discussion: How are female consumers different than male consumers in behavior. A conclusion to this post will come in a couple days.

Blanca Jose said,

December 3, 2007 @ 6:43 pm

Pues no estoy al tanto de todos los detalles de los habitos de compra del mercado anglosajon pero puedo decirte que en el mercado latinoamericano los hombres no son los mas entusiastas del shopping, ello debido a cuestiones de caracter cultural e idiosincracia de nuestros pueblos, las compras de los menesteres del hogar, la ropa y los articulos personales de los esposos e hijos (menores) estan a cargo de las “amas de casa”. Prueba de esta premisa es el hecho en Centroamerica no existen tiendas dirigidas exclusivamente al sector masculino ya que significarian una inevitable bancarrota.
Hace algun tiempo conoci a unos contrabandistas que ofertaban articulos electronicos, perfumes y Jeans de marca viajando a traves del pais y cargando una cantidad minima de productos para no levantar sospechas en caso de ser requisados. Una de las claves del exito de sus ventas (a parte de la evasion fiscal y la procedencia ilegal de la mercaderia) era la de dirigir sus ventas unicamente a hombres, sus razones eran muy simples:
-Los hombres no cuestionaban la procedencia de los productos, en contraposicion nuestro instinto femenino nos hace desconfiar ante una presunta estafa.
-Simpleza en los gustos de los bienes a adquirir: a diferencia de las damas, a los hombres no les importan detalles nimios sobre el producto: Color, textura, empaques Etc.
-Rapidas decisiones respecto a la compra: a los hombres les toma mucho menos tiempo decidirse sobre cual articulo adquirir e incluso regatea menos los precios ya que no esta al tanto de los precios de mercado debido a sus escasos habitos de compra.
-Los hombres son mucho mas faciles de complacer que las mujeres ya que al adquirir un producto generalmente no sopesan los costos futuros de su compra, no analizan si en realidad necesitan el producto y no toman en cuenta los demas miembros de la familia en su decision.
Bueno… la ultima parte esta contaminada de prejuicios contra los “machos latinos castigadores”
Ya me arden los ojos pues olvide mis lentes en el apartamento….

Adios.

P.D: Felicidades, asi me gusta verte: Entusiamado con tu proyecto.

Maria Luisa said,

March 4, 2008 @ 11:49 pm

Well certainly women are different from men in everything, out behaviour its completely different, but at the end complementary in every aspect in life. I was talking the other day with a guy from Costa Rica, very smart and experienced who was telling me that over there, women are in charge of many bussines, and hes been watching and analyzing the behaviour, he says that we women, analyze and take time to make a decission before we make a purchase, men ten to be more impulsive and if they like something, and notice benefits from something they would not think twice and but it. This is a general behaviour, does not mean that every man, or every woman has to act this way.

Kathleen Fasanella said,

April 14, 2008 @ 10:01 am

I agree with Blanca Jose; I don’t think it’s any different here particularly among older men which is why I think it’s your move to target women buying for their men (women still buy over 75% of men’s apparel) is wise.

One would also do well to stay abreast of longer term shopping trends. For this, I recommend Paco Underhill’s books _Why We Buy_ and _Call of the Mall_. A “shopping anthropologist”, he quantifies many trends, least of which the trend of more women shopping like men…

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