Irish consumer trends 2011

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Finding the difference that makes the difference 5 themes of Irish Consumer behaviour in early 2011 MCCP is an independent Strategic Planning and Insight agency based in Ireland working on leading local and international brands

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Transcript of Irish consumer trends 2011

Page 1: Irish consumer trends 2011

Finding the difference that makes the difference

5 themes of Irish Consumer

behaviour in early 2011

MCCP is an independent Strategic Planning

and Insight agency based in Ireland working

on leading local and international brands

Page 2: Irish consumer trends 2011

Finding the difference that makes the difference

MCCP Trendstream™ monitors human

behaviour and translates it into business

advantage for YOUR brand

People

So What For Your Brand

Cultural Context

Identifying seeds for growth for

your brand based on on-going

developments in people’s mind-

set, behaviours and their

cultural context.

Page 3: Irish consumer trends 2011

Finding the difference that makes the difference

5 key behavioural

1.Traditional segments now blurring

2. New coping mechanisms

3. Search for meaning in brands

4. On-line exists to make off-line better

5. Forced resourcefulness in consumers

Page 4: Irish consumer trends 2011

Finding the difference that makes the difference Finding the difference that makes the difference

1. Status Quo in transit

*Source: CSO, 2010

**Source: CSO, 2010

***Source: MCCP Consumer Dialogues, 2010

*Source: Eurostat, Oct 2010

43% of unemployed people have been out of work for over one year *.

In 2010, 7,500 men in Ireland occupied full-time in "home duties** (excludes those classifying themselves as employed)

“Because I’m there more I have a more sympathetic ear I think for what needs doing” (Male)**

On the live register professionals are a category that has increase by12.2%**

33% of men and 16% of women 25 - 34 are living at home with parents****.

Page 5: Irish consumer trends 2011

Finding the difference that makes the difference

Unifier is Interest not Class

“I go on the teen vogue website and I can

get advice and recommendation on books

and stuff from people with the same

tastes and my own age.”*

There are 23 million Xbox LIVE

worldwide players, with periods

of concurrent usage listed at 2.2

million**.

*Source: MCCP Consumer Dialogues, 2010

**Source: WARC, 2010

http://www.youtube.com/watch?v=yWcaN

U2Pp6Q&feature=player_embedded

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Finding the difference that makes the difference

So What?

1. Find new ways to group people beyond traditional

targeting methods

Group people by financial coping behaviours

8 Groups identified including Crash Dieters, Clothcutters, and Justifiers

Recession-beating strategies for their brands that compete with indirect categories

Page 7: Irish consumer trends 2011

Finding the difference that makes the difference

So What?

2. Give the whole family something to connect and be

part of.

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Finding the difference that makes the difference Finding the difference that makes the difference

2. Control and Escapism = Coping Mechanisms

*Source: NCA switcher survey 2010

**Source: Tribune.ie 21 July 2009

***Source: Carton Screen Advertising 2010

80% of consumers switched a service or retailer in the last year*.

July 2009: cinema attendance up 12% year on year**.

March 2010 cinema attendance up 1.2% year on year***.

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Finding the difference that makes the difference

So what?

1. Give them something to do with a

start, middle and end

Page 10: Irish consumer trends 2011

Finding the difference that makes the difference

So what?

2. Let them feel they have achieved

something

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Finding the difference that makes the difference

So what?

3. Help them to help themselves

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Finding the difference that makes the difference

So what?

4. Distract them with moments of

micro-craic

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Finding the difference that makes the difference

3. ‘Meaningfulfilment’ – consumer want the

story behind products and brands

‘I ‘d love to walk into a shop

this size and have the banter

with the guy behind the

counter’

*Source: MCCP Consumer Dialogues, 2010

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Finding the difference that makes the difference

Multiple drivers of involvment

Page 15: Irish consumer trends 2011

Finding the difference that makes the difference

So What?

1. Help them by helping their community

The lighter side The spectical The culture

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Finding the difference that makes the difference

So What?

2. Act local

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Finding the difference that makes the difference

So What?

3. Communicate a meaningful story

Page 18: Irish consumer trends 2011

Finding the difference that makes the difference Finding the difference that makes the difference

5. Online as path to richer offline live experience

*Source: Linden Lab, 2009

** Source: Sophos, May 2010

*** Source: MCCP Consumer Dialogues, 2010

Linden Lab purges 800,000 inactive Second Life users (i.e. 7% of all users)*.

16% of FB users quit over privacy concerns and 60% considered it

“The Internet is all about keeping us up to the date with what is happening with our friends, happening with the music industry and happening with the world.”***

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Finding the difference that makes the difference

Like Me

60 million daily status updates on

facebook, shared with an average

of 130 friends*.

“I write comments and posts with

a creative or funny twist…allows

people to see who I am and how I

am different ”**

*Source: Facebook figures, 2010

**Source: MCCP Consumer Dialogues, 2010

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Finding the difference that makes the difference

So What?

1. Ensure your event has a pre and post digital

element

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Finding the difference that makes the difference

So What?

2. Give them social currency to share online

http://www.youtube.com/watch?v=x6hojOi7VQI&

feature=channel

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Finding the difference that makes the difference

5. Irish consumers have been forced to be

More Creative & Resourceful

350,000 people in negative equity in Ireland*

Number of households with an income of €55,000 dropped by 200,000 in 2009

*Source: RTE Prime Time July, 2010

Page 23: Irish consumer trends 2011

Finding the difference that makes the difference

Pick and Mix Strategies

Only 35% of all grocery

products bought by Irish

consumers is own-label*

“I would go to Superquinn for a

really nice bit of meat and then

it’s over to Lidl for everything

else”**

*Source: Mintel, 2010

**Source: MCCP consumer dialogues, 2010

Page 24: Irish consumer trends 2011

Finding the difference that makes the difference

So what?

1. Show them how to make more of

what they already have

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Finding the difference that makes the difference

So what?

2. Allow consumers to do something else with

your product or service beyond its core

Page 26: Irish consumer trends 2011

Finding the difference that makes the difference

For expanded details talk to MCCP:

T: +353 1 6350030

E: [email protected]

Visit: www.mccp.ie

Twitter: @MCCPTrendstream