Monday, March 13, 2017

Increasingly Bifurcated Consumer Market



I have been conducting in-depth customer needs research on behalf of a few different clients as of late. In the process of conducting this research, I have discovered something quite interesting. Customer needs and benefits have become more bifurcated. That is, the needs and benefits are becoming more separated into one of two buckets. I will label the two buckets "Self-focused Needs" and "Outward-focused Needs." 

Here are some of the needs that arise within the "Self-focused Needs" bucket:

  • Wealth
  • Income
  • Power
  • Social status
  • Fame
  • Prestige 
  • Superiority
  • Creature comforts
  • Luxury

And here are some of the needs that group together in the "Outward-focused Needs" bucket:
  • Making a difference
  • Contributing to a better society
  • Helping others
  • Valuing diversity
  • Curiosity
  • Open-mindedness
  • Community
  • Global awareness
  • Environmental sensitivity
  • Empathy
  • Compassion
  • Aesthetic appreciation

The people who seek to fulfill self-focused needs view those who seek to fulfill outward-focused needs as "soft," "weak," "naive" or "politically correct." This (self-focused) group is driven more by the sense of a zero sum (win-lose) game, a hyper-competitive environment, hierarchy and fear.

The people who seek to fulfill outward-focused needs view those who seek to fulfill self-focused needs as "selfish," "black and white thinkers" or "spiritually unevolved." This (outward-focused) group is driven more by a non-zero sum game, cooperation/collaboration (win-win) and the view that the world is innately friendly and good. 

I find this to be truly fascinating. It is something marketers should keep in mind as they approach customers. 

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