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

Friday, January 23, 2015

Pinerest Aims to Target Men

In today's Wall Street Journal, Yoree Koh writes about Pinterest's attempts to target male customers.  According to the article, "About 42% of online U.S. women use Pinterest, according to a Pew Research survey released this month, a coveted audience with enormous spending power."  The articles goes on to say that the company is trying to solve a problem that has plagued it for some time, namely its inability to attract male customers.  Koh writes:

"But Pinterest’s success with women has also created a conundrum for the business. The company has outsize aspirations to become the go-to place for discovery on the Web. And yet the other half of the world’s population has largely stayed away from the site in part because of the stigma that Pinterest is a clubhouse for women.  “We’re really trying to unpack and understand that so we can communicate to [men] that Pinterest is absolutely for you,” said David Rubin, who joined as head of marketing in July from Unilever PLC, where he worked on women’s beauty and helped launch the Axe men’s deodorant brand."

I find this "problem" rather intriguing.  What they see as a problem I see as a great strategy.  Pinterest has been laser focused on the female demographic.  They have done an amazing job of building an integrated system of activities and capabilities that serves that target market.   Why not focus on how to monetize the audience that it has and turn that audience into sustainable profits?  Why not be willing to say that they are not about serving male customers (primarily)?  Why try to be all things to all people?  Perhaps they don't have a male problem.  Perhaps they are about to create a strategy problem for themselves. 

Friday, October 21, 2011

Ben & Jerry's: Schweddy Balls Not Always on a Shelf Near You

Ben and Jerry's has launched a new flavor called Schweddy Balls, a play on the famous Saturday Night Live skit below.  The ice cream, which contains fudge-covered rum balls, has sparked a protest from a conservative group called One Million Moms.  Moreover, many supermarket chains apparently have refused to stock the product.  Nevertheless, the company reports that it has become one of its best-selling limited edition flavors.

The question is:  Did Ben and Jerry's anticipate the controversy, and if so, did they go ahead anyway?  I suspect they did know that some retail partners would not stock the product, and that some negative publicity would emerge.  In the end, though, you have to ask yourself how you would define the company's target market.  I don't know many moms and dads who buy Ben and Jerry's for their small children.  It's expensive, after all, even if it is terrific ice cream.  If you have a family, you are likely to buy half gallons or gallons of less expensive ice cream.  Perhaps you splurge on occasion for Ben and Jerry's, most likely when you stop at one of their shops.

Who is the target market for Ben and Jerry's?  I believe it's adults with fairly high disposable income who seek a delightful indulgence, some of whom do not have young children at home.  It also includes people who identify with the firm's social mission.  Many people in that target market are not likely to be offended by this flavor.  In fact, the brand will be quite appealing to them, as they have fond memories of this particular SNL skit.