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Purchasing behavior in different life stages
ОглавлениеRather than look at a target market solely in terms of demographics, life stage analysis considers what people are doing with their lives, recognizing that it may affect media behavior and spending patterns.
Purchasing behavior may also differ by life stages, such as the family life cycle, as shown in Table 3-2. Note that the family life cycle described in the table may not accurately reflect the wider range of today’s lifestyles.
TABLE 3-2 Stage in the Family Life Cycle
Life Stage | Sample Products or Services They Buy |
---|---|
Single, no children (also known as Bachelor Stage) | Fashionable clothing, vehicles |
Newly Married Couples, no children | Good furniture, new homes, insurance |
Family Nest 1, young children | Baby food and toys, children’s items, activities, and education |
Family Nest 2, older children | College, possibly travel and furniture |
Empty nest, children gone | Vacations, hobbies, savings for retirement |
Solitary survivor | Savings, accommodations, medical expenses |
Source: Adapted from www.marketing91.com/family-life-cycle
You’re looking for a fit between the profile of your target audience and that of the social media service.
With more flexible timing for going through life passages, demographic analysis isn’t enough for many types of products and services. Women may have children later in life; many older, nontraditional students go back to college; some retirees reenter the workforce to supplement Social Security earnings. What your prospective customers do each day may influence what they buy and which media outlets they use more than their age or location.
For example, Statista found in 2019 there were nearly 3.5 billion mobile social media users worldwide. (www.statista.com/topics/2478/mobile-social-networks/#:~:text=As%20of%20July%202019%2C%20there,and%20affordability%20of%20mobile%20internet
).