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by Jenny Darroch Published 17 October 2024 in Business transformation ⢠8 min read
You have probably owned a Bic Cristal at some point. You may even have a Bic on your desk or table as you read this. As the worldâs best-selling disposable ballpoint, it is so iconic that the Museum of Modern Art in New York and the Pompidou Centre have incorporated the pen into their permanent collection. Yet even icons can fall from grace. In 2012, SociĂŠtĂŠ Bic launched a new product, targeted specifically atâŚwomen. âBic for Her,â replete with âsleek silhouette and jeweled accentsâ and boasting a “thin barrel to fit a woman’s hand,” was an instant flop.
Customers posting on Amazon were universally scathing in their appraisal of the new product.
âI was going to write a review,â said one, âBut then I remembered that, as a woman, my opinion doesnât matter.â Another wondered whether âBic will also bring out a new range of pink (or purple) feminine spanners, screwdrivers, electric drills, and angle grinders so that I can carry out my job as a bicycle mechanic without further embarrassing myself?â (Ironically, around the same time, Black and Decker launched a pink power drill for women which, like âBic for Her,â was promptly discontinued.)
So deep was the disdain surrounding âBic for her,â it prompted Forbes and others to pose the question: What were they thinking?
Bic, of course, is not alone in missing the mark in its efforts to market to women. Doritos, a brand of flavored tortilla chip, raised eyebrows on both sides of the Atlantic with a âlady-friendlyâ version of the popular snack; one designed to be quieter in crunch and cleaner, leaving less residue on consumersâ fingers. And the reason for launching the new chip? âWomen donât like to crunch too loudly in public,â said Doritos manufacturer PepsiCo, âand they donât lick their fingers generously.â
Lady Doritos was not a hit with women, nor with the media: âa solution,â as The Guardian newspaper crisply put it, to âa problem that doesnât exist.âÂ
Marketing new products to any audience is fraught with perils and pitfalls. Clayton Christiansen, the renowned scholar of innovation and disruption, found that of the 30,000 or so new products brought to market each year, as many as 95% will fail. Like âBic for Herâ and âLady Doritos,â this includes products launched by well-established and successful organizations. According to one study, approximately 75% of consumer-packaged goods and retail products fail to earn $7.5m during their first year. Thatâs a lot of investment in innovation, development, and rollout efforts, for little return.
But if marketing in general can be something of a morass for the most seasoned of brands and professionals, marketing to women can be an absolute minefield. And itâs a minefield that marketers simply cannot avoid.
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âMarket research company Nielsen estimates that women will own more than 70% of all discretionary spend globally by 2028, making them 'the worldâs greatest influencers'.â
Women make up roughly half of the population, but we eclipse men in terms of consumer power. According to Bloomberg and others, women make well over 80% of all purchasing decisions in the home. Meanwhile, market research company Nielsen estimates that women will own more than 70% of all discretionary spend globally by 2028, making them âthe worldâs greatest influencers.â Nielsen also finds that 85% of women say that if they like a brand, they will remain loyal to it.Â
Little wonder that women are considered one of the most (if not the most) coveted audience segments by so many in the marketing world. Connect with women and you could well be poised to unlock what TechCrunch calls the âtrillion-dollar female economy.â
Get it wrong, and you risk alienating your key purchasing decision-makers, influencers, and super-consumers. In a world where women feel that only 9% of brands are proactively marketing to them, itâs still more likely than not that you will get it wrong.
So how do you navigate this minefield? How do you reach women in ways that resonate with them and convert them into the satisfied and loyal customers your brand craves?
Perhaps the best place to start is getting back to a couple of basics.
When marketing to women, getting back to the basics of understanding your customer, her needs, and how your product meets those needs is an excellent starting point.
The legendary management scholar, Peter Drucker, famously said: âWhat the customer thinks he or she is buying, what he or she considers value is decisive â it determines what a business is, what it produces and whether it will prosper.â
Thereâs a lot to unpack in that sentence. And a lot that makes absolute sense.
Todayâs marketer has access to an unprecedented amount of data; from demographics to sales and purchase data, market trends to competitor insights, thereâs a ton of information available for use to analyze and use. But while having data at our fingertips is great, I wonder if we might have so much of it that weâre at risk of becoming data-fixated and forgetting to prioritize the customer; more specifically: the customerâs problem that our product is trying to solve.
When marketing to women, getting back to the basics of understanding your customer, her needs, and how your product meets those needs is an excellent starting point. From there, you can see whether the data matches your hypothesis, or not. How do you go about doing this?
In my research and work on marketing to women, Iâve identified a set of critical questions or principles that you can use that will help you reach, engage, and market to female customers more representatively and more effectively. Here are four of those principles that you can use in your marketing efforts.
The first question to ask is how well you know your customers. Do you know what proportion of your customer base is women? How does this compare to your competitorsâ customers or the population at large? Itâs critical to have some sense of how gender shapes the group that you need to address. Look at your data for insights here, and to understand how the women in your customer group behave. Are they the primary decision-makers? Do they influence purchases, and if so, to what extent? Run the numbers to understand if they buy your product for themselves or others. This will help you pinpoint the gender dynamics at play, and how to best focus your marketing to women: as influencers, buyers, or users.
Remember, even more than products, you are in the business of selling solutions to problems. So, ask yourself: do you genuinely understand what those problems are? And if you donât know what problem you are resolving, whatâs stopping you from finding out? Whether yours is a multinational or a startup, you need to prioritize getting in front of your customers and having the conversations â be that via focus groups, questionnaires, or digital surveys â to help you identify the real pain points (and not imagined or invented problems, per Doritos!) that your product addresses. In turn, you are better able to modulate your marketing and communications efforts to align with this.
Research shows that women are typically more knowledge-based and relationship-focused in our purchasing decisions; we tend to seek out the advice and opinions of other women, for instance, by reading or posting on social media. Ask yourself what you are doing in your marketing efforts to treat women as knowledge customers in this sense. And given that women are more active in knowledge sharing, ask yourself if you are doing enough as a brand to encourage and support influencing and brand advocacy. Are you effective in your use of platforms and technologies that encourage women to engage with your brand and with each other?
Women make up 50% of the population but we are not the same. There are as many differences between women as there are between men and women. This might strike you as obvious, but ask yourself: does your brand treat women as one homogenous demographic or do you proactively look for differences? As you reflect on this, think too about the different roles or hats that women wear in their lives, depending on context or time. A woman might simultaneously or at different times be a leader, a specialist in some area, an executive, a mother, a wife, a partner, a daughter, or a friend. How does your brand acknowledge multiple and oftentimes blurred roles and boundaries when you communicate with women?
Marketing to women is complex and can be confusing. As times and cultures change and evolve, the norms and ideas may also shift. Shrinking and pinking may not be reliable as a strategy (as Black and Decker discovered with their power drill), yet in 2023, the global phenomenon of the Barbie movie somehow made pink cool: wearing pink and embracing your femininity was suddenly synonymous with agency and power. Similarly, who would have guessed that Stanley, an industrial manufacturer of steel vacuum flasks, would come up with the Quencher, an outsized drinking vessel that has gone viral with women in the US in the last couple of years? But in a world where hugely popular artists like Taylor Swift assert the right to celebrate their femininity â and womenâs rights are simultaneously being eroded in different parts of the globe, as the position of women in society is continuously shifting and changing â marketing to women can be enormously challenging.
Brands will continue to hit and miss the mark. But I believe that certain key principles can help navigate the minefield â principles that affirm the primary importance of knowing the customer and respecting her identity, individuality, and dignity, whoever she is.
Jenny Darroch will chair a debate on âDid Drucker get it right about knowledge work?â at this yearâs Global Peter Drucker Forum on 14 November in Vienna. This yearâs theme is âThe Next Knowledge Work. Managing For New Levels of Value Creation and Innovation.â
Jenny Darroch is Dean of the Farmer School of Business (FSB) and the Mitchell P. Rales Chair in Business Leadership at Miami University. Prior to joining FSB Jenny was Dean of the Drucker School of Management at Claremont Graduate University. Here she launched the Drucker School Global Family Business Institute. Before moving to the USA, Jenny was Director of Entrepreneurship at the University of Otago in New Zealand and launched New Zealand’s fist master’s degree in entrepreneurship. Jenny has authored three books and numerous journal articles.
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