Selling to Today’s Consumer
Marketing candy should be
as much fun as buying it—especially when the industry considers the
vast diversity of today’s consumers. The many generations and
ethnicities that make up the shoppers in the U.S. contribute to its mighty
buying power, one that demands more creative segmentation, especially from
confections. Candy may be a high impulse item—but that’s even
more reason why it shouldn’t be put on the market impulsively.
“Candy is wholly a discretionary item, and it
has the tendency to be very similar to other fashion-driven products that
need specific target markets,” says Rob Frankel, a branding expert
based in Los Angeles. He has been championing the fact that demographics
are no longer the lead factor in the marketing strategies of such items; he
puts much more importance on psychographics, which take into account
lifestyles and emotional influences.
“Because confections are not usually something
that most shoppers put on their list, it’s all about the brand
connection, and the emotional bond that the consumer has with the
candy,” adds Rodger Roeser, vice president of Justice & Young, a
marketing firm based in Cincinnati. He believes that what most
marketers do wrong is not test products up front from a psychological
viewpoint of a particular segment.
“Companies are numb with data, and yet 80 percent
of new products fail because most marketers don’t know who the
product is meant to motivate and why,” he says.
To help rise above this in our industry, Confectioner magazine is
offering a breakdown of generational, cultural and even the two gender
groups—they are defined by demographics, but they are deciphered by
psychographics. Marketers are urged to have fun when unlocking such
knowledge, which should bring more power and perhaps more educated
risk-taking to the marketing of candy brands. n