American Women as Consumers

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American Women as Consumers

October 17, 2003


Introduction

        Women are marketers’ most powerful consumers.  They make up nearly 52 percent of the U.S. population and account for influencing or purchasing 85 percent of all of America’s products and services (Quinlan, 2003).  Their purchasing dominance on the market will only increase with their future rising wealth, education, independence, and longevity.    Women have driven the obvious categories of food, beauty, and household products for decades.  Today, they make 80 percent of all health care choices, purchase 65 percent of all new cars, and represent half of the traveling population (Quinlan, 2003).  

The following will discuss and prove why marketers have been and continue to focus on the female consumer.  Stated first will be demographics of female American consumers, leading into why they buy and how marketers should market to them.  Factors involved with marketing to women that will be elaborated on are stress, beauty, and health.  Women have traditionally been the main consumers of cosmetic products such as hair coloring, while men have been the main users of products such as tools and home repair items.  However, today, sex roles are blurred, and gender is no longer an accurate way to distinguish consumers in some product categories (Schiffman and Kanuk, 2004).

Advertising to women has also changed in the past decades and will be discussed in the following.  Technology is also something that is increasing in interest of the female consumer and will be elaborated on.  Finally, the female teenager will be analyzed and discussed stating facts and reasons why they are such an important segment of our nation.

Demographics of American Women

        Today’s female consumers are the smartest and most accomplished they have ever been.  Most women believe that their state of living is better than their parents and that their children’s state of living will be better than their own (New Strategist Editors, 2000).  Fifty-five percent of all Bachelor and Master Degrees are awarded to women (Sehau, 2000).  In fact, women have outnumbered men on college campuses since 1979 and on graduate school campuses since 1984 (Ambry, 1991).  Over 60 percent of women work, three-fourths of which are full-time (New Strategist Editors, 2000).  Sixty-eight percent of females juggle a career and a family (, 2002).  In the last 30 years, women’s income has grown 63 percent (New Strategist Editors, 2000).  As a result, women make up 47 percent of Americans with assets greater than $500,000.  They also represent 48 percent of stock-market investors (, 2002).  Even beyond that, women are the beneficiaries of more media, more stimuli, and more access to information than ever before.  A female consumer lives multiple lives and expects to be respected in each of her roles by marketers (Quinlan, 2003).

        The average American woman contributes to half or more of the household income.  Fifty-six percent are in charge of handling their families’ day-to-day finances (, 2002).  This percentage is higher than ever before and has risen significantly from the 33 percent it was just a decade ago (Schiffman and Kanuk, 2004).

        With all of these statistics about women rising to power, it is hard to believe that most do not actually look for promotions.  Some women even turn them down when offered!  Many women are reluctant to “toot their own horn” and don’t feel they are ready or capable of powerful jobs.  Of course, some women reject the offer of greater power at work because they are not willing to make personal sacrifices (Sellers, 2003).  A quote from Hilary Clinton in Fortune magazine says, “Are women willing to pay the price for corporate life?  They have to play by the same rules as men do.  And right now there are really brutal rules for women who want to have families.”  In today’s corporate world, to get to the highest levels of power usually something has to be given up.  Unfortunately, in most cases, that something is children.  In order to keep life as easy as possible, women see the only other option is having her spouse give up his job (Sellers, 2003).

        American young adults are waiting longer to get married than in the past.  More are choosing to live together either before or instead of marriage.  Studies show that young adults of both sexes want to marry but women in their 20s are less optimistic and don’t expect to find their “soul mate” (Editors of Marketing to Women, 2001).  Researches believe that the long period of casual dating for young women is a factor in losing faith in their chances for finding the right partner.  The casual and even more serious relationships may have resulted in hurt or betrayal which then leads to distrust in men overall.  Women also characterize the dating and casual-sex lifestyle as a preference of men rather than those of women (Editors of Marketing to Women, 2001).  

Of those that do marry, one-fourth have been married more than once (New Strategist Editors, 2000).  As a result, single women are emerging as a significant sector of the general market.  Not only is the number of women who choose to remain single rising, but there is also an increase in the number of women living alone.  Six in ten single women are homeowners (Editors of Marketing to Women, 2001).  This area of female consumers represents an important target for marketers of a large number of goods and services, ranging from travel and entertainment to automobiles and real estate.  Single women are more likely than married women to participate in activities outside the home, and are a growing market for travel.  Many childless single women are also moving to larger cities for easier access to cultural and social resources (Editors of Marketing to Women, 2001).

        Women define themselves most by their independence.  Six in ten consider their independence very important in distinguishing who they are.  Independence characterizes today’s women more than religion, having children, and having a good relationship with one’s spouse/partner (Editors of Marketing to Women, 2001).  Women want and need to make their own decisions and enjoy having control over what happens in their lives.  About 25 percent of females choose to smoke cigarettes and 64 percent drink alcohol at least occasionally.  More women are childless today than every before. Sixty-eight percent of women say that they believe in God without a doubt, with 57 percent being Protestant (New Strategist Editors, 2000).

Marketing to Women and Factors Involved

        Successful marketers are usually good listeners, but today’s competitive environment calls for more refined listening skills, especially when the primary customers are women.  However, staying current with women’s needs can be a challenge because of their continuously increasing levels of education, income, independence, and networking.  In addition, there are so many different segments of women, each complex and evolving.  This makes the listening job of marketers that much more demanding (Quinlan, 2003).  Unsuccessful marketers fail to realize that changes and revisions that would appeal to women could earn them an exponential boost in profits and sales.  They feel that it would require too much change (Chura, 2002).

        Women expect to be marketed differently than other consumers.  They think that they already give marketers all the right signals to what they want.  This means that if companies aren’t marketing their product directly toward them, women do not feel that the company is talking to them, and as a result, won’t pay attention to the product (Quinlan, 2003).  However, if a woman wants or needs a product and the product is not marketed towards her gender, she will conduct her own information search.  For example, today women are buying more cars than men are; however, it is not because the companies and dealerships are advancing to understand the female consumer.  It is because women have figured out how to research and investigate their purchases before visiting the showroom.  Women do not need the help of men to buy something that is stereotypically “a man’s purchase” anymore.  

        Other industries are focusing more on advertising to women also.  There isn’t a business today that does not rely on women to make or break its brand.  For instance, pharmaceutical companies rely on women as the caregivers.  Similarly financial services companies are finally recognizing their power, as well as the technology, home improvement, travel, and entertainment industries.  As in the past, women continue to be focused on in the female bastions of beauty, food, children, and family products (Quinlan, 2003).  Experts say that to truly connect with women, marketers must understand the benefits that generally appeal to them. Today’s clothing manufacturers, for example, should cut clothes to fit but still flatter an older woman’s body, and retailers must work hours that women don’t (Chura, 2002).

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        Women also expect to be marketed differently because of their changing role in society.  Compared to just a few decades ago, an enormous increase of women are seen as the bread-winners in the household.  One consequence of this change for marketers is that women are not as readily accessible through traditional media as they once were.  Since working women do not have much time to watch television or listen to the radio, many advertisers now place their media into magazines and journals, especially those aimed at working women (Schiffman and Kanuk, 2004).

Today, women expect that the marketers who earn ...

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