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

Saturday, May 17, 2008

Bill Gates Does Touch Wall Demo For CEO's


I guess it is always more effective when the CEO of one company speaks to others like him, rather than the typical sales person. Bill Gates pulled off the Touch Wall demo with the precision of the Microsoft giant that he is. Although haunted by news that he is to be soon-to-be-retired chairman - being a has-been does not seem to be affecting Mr. Bill Gates.

His demo of Touch Wall was pretty good. In fairness though, the product is amazing. An offshoot of Microsoft Surface,
Touch Wall includes special software plus "some scanning cameras down here at the bottom, so whenever I go up to it and say just touch it, the software will notice that, theoretically," Bill Gates said so himself.

He also spoke about another related product in Beta News:

"I've also shown here the RoundTable, which is the videoconferencing thing that takes the entire view, the 360-degree view of everybody in the room by using multiple cameras, and creates that teleconferencing interaction that's far, far better. That's a new type of interaction," continued Gates.

Now emerging on the horizon, he said, are "little thin, tablet-like computers that have both the pen capability and that finger touch...and you'll be able to switch back and forth between those."

Gates told the CEOs he ultimately foresees vertical and horizontal natural interfaces of various sizes appearing almost everywhere.

"This idea that you just sit there and interact, touch, you don't have to learn anything, that naturalness really draws people in. So, it's been a strong success so far, and that form factor is going to get cheaper and smaller," predicted Microsoft's chairman.

No wonder he's the genius behind Microsoft - how else do you sell something that would be this expensive? I mean come on who else could possible afford it. I certainly wouldn't but my CEO, yes he will. Now that's marketing to a target audience.






Wednesday, November 21, 2007

Holiday Marketing Targeting Young Adults

An article from eMarketer reports that young adults will spend $634 per person, according to researcher Youth Trends.

Tops on their shopping lists:



Most of them will be shopping online too



Not only that but $158 of the average $634 in spending, young adults will spend on other purchases for themselves. That's a ttal of $48 billion on discretionary purchases this year made by young adults 18-30 years old.

What does this mean for retailers? If you have products that are within the $158 range and are directed towards the young adult market, it would be beneficial to conceptualize promotions right now in this relation

What does this mean for management? Strategies should expand in terms of targeting the market. Although most businesses are geared towards the working population, because of convergence through the internet, the world has become so much smaller. More and more markets are becoming available online - younger and older.

Holiday Marketing Targeting Young Adults

An article from eMarketer reports that young adults will spend $634 per person, according to researcher Youth Trends.

Tops on their shopping lists:



Most of them will be shopping online too



Not only that but $158 of the average $634 in spending, young adults will spend on other purchases for themselves. That's a ttal of $48 billion on discretionary purchases this year made by young adults 18-30 years old.

What does this mean for retailers? If you have products that are within the $158 range and are directed towards the young adult market, it would be beneficial to conceptualize promotions right now in this relation

What does this mean for management? Strategies should expand in terms of targeting the market. Although most businesses are geared towards the working population, because of convergence through the internet, the world has become so much smaller. More and more markets are becoming available online - younger and older.

Monday, November 12, 2007

Ready, Market, Shop! Holiday Shopping Statistics

4 out of 10 will reduce spend of the holidays. However even if Americans are projected to spend less this holiday, total revenue as a result of gifts purchased expected to remain the same compared to 2006 according to 22nd Annual Holiday Survey




Areas where spending is likely to be down include home improvements, socializing/entertaining, charitable donations, home/holiday furnishings and non-gift clothing. However, people intend to buy an average of 23 gifts this year - highest over the last 6 years, with women planning to buy more. Older consumers (61-74 years old) plan to spend more than a quarter more than the average consumer.

The backdrop to these spending expectations:

  • American consumers are less optimistic about the economy, with only 57% of consumers surveyed saying the economy will improve or remain the same next year.
  • However, the vast majority (85%) say they feel secure about their jobs, which is about even with last year.





What does this mean for businesses?

  • Would be best to capitalize on the status quo and generally compliment existing product lines with what consumers are most likely to buy or are interested in buying.
  • Marketing campaigns should be geared towards the holiday season.
  • Management should be aware of the trade-offs of the season: exchanging cost of offers for more volume sales resulting in hopefully more absolute dollars at the end of the day.
  • Target markets should be considered carefully in accordance with product offerings. In this case though, the more mature market will likely be competitive