SlideShare a Scribd company logo
1 of 41
Michela O’Connor Abrams President, Dwell Media
Brand Experience Dwell Community
2,250 affluent panel members Household incomes of  $100,000+ And Agreement with 5 of 6 psychographic Owning good-quality things brings me enjoyment. I like to stand out from others. I am usually one of the first to try new products/services. I think of myself as a creative person. I try to keep up with technological developments. I believe in protecting the environment. An ongoing effort to track, chronicle, and contextualize the habits of New Affluents and make that intelligence available to trend watchers. The New Face of Affluence Panel
A range of cohesive topics explored ,[object Object],The New Face of Affluence Studies Panelists are asked about: ,[object Object],[object Object],[object Object]
 
Age Breakdown  18%   28%   54%
I rely on my own personal taste rather than trends I like to offer advice to others People often ask my advice when making important purchase decisions I consider myself and opinion leader  95% 91% 90% 85% 79% 23% Influential and independent  94% 74% 71% 66%
Busy Modern Lives  85%  spend their free time either working out or developing new skills and knowledge 78%   of them travel and enjoy socializing with friends and family. 58%   devote time to helping take care of others, whether that means their parents or people in their community 16%  say “It’s easy for me to  prioritize and find balance in my life.”
These  core concerns  are “top of mind” when New Affluents make decisions for themselves or their families.
New Affluents’ purchase decisions are   inspired by a strong sense of self.
New Affluents Identify Important Aspects of Life  93%  Enjoying Good Physical Health 93%  Maintaining Emotional Stability  72%  Protecting The Environment 69%  Achieving Financial Success  65%  Earning Career Success  63%  Raising a Family  35% Being Active in the Community  12% Achieving Status in Society
Important Aspects of Life: Parents’ Generation at Same Stage of Life 45% /  93%   Enjoying Good Physical Health 45% /  93%  Maintaining Emotional Stability  7% /  72%  Protecting The Environment 61% /  69%  Achieving Financial Success  45% /  65%  Earning Career Success  87% /  63%  Raising a Family  25% /  35%  Being Active in the Community  24% /  12%  Achieving Status in Society
 
60%   agreed completely with the statement “ Technology is indispensable   to the way I communicate.”
Smartphones: from nicety to necessity  Do you use any of the following smartphones as your primary communication device? Mobile technologies are driving brand interaction
iPad: a breakthrough communications (and marketing) device  Source: Dwell Affluence Panel June 2010 Base: 762
23%  My decisions are influenced by the opinion of others 95% 91% 90% 85% 79% 77%  I care how and where products I buy are made 29% 23% Meaningful Materialism  95%  I feel good when I make a smart purchase decision 91%  Over-consumption is problematic in our society 90%  I consider myself a discerning consumer 85%  I would prefer to have fewer, higher-quality items in my life 79%  I seek out products that are authentic and meaningful 29%  The products I buy reflect my social status
Brand Value Does Sustainability Matter?  Is Luxury Dead?
Brand Value  Rather than thinking of their purchases as products to consume, the New Affluents are  looking for a different relationship  with what they buy.  The days of rolling out top-down, controlled brand introductions and messaging are going the way of trans fats.  Quickly being replaced by  a new way of interacting with consumers—a dialogue.
New Affluents reveal a remarkable willingness to consider all brands on an equal footing. 692   brands were identified when asked to name brands they admire. 86%  will pay more for a brand they like. 68%  feel a personal connection with brands they admire. 53%  want brands to engage with them in more meaningful ways. 53%  say great brands create experiences not products.
 
 
Success brands deliver an emotional connection When a brand that you  admire  or that you  recommend to others   succeeds, which of the following describe how you feel? Source: Dwell Affluence Panel June 2010 Base: 762
Admired brands earn loyalty and personal connection  How much you agree with the following statements about this brand: 96%  I am completely satisfied with my purchase decision  94%   I readily recommend this brand to others 85%  If this brand were to disappear, I’d miss it  71%  If I had to, I’d go to extra lengths to acquire this brand  69%  I’m passionate about this brand
Creating Brand Advocates  97%  Discuss a brand with friends relatives and colleagues 97%  Recommend a brand to others 57%  Post an online review about a brand  55%  Attend live events hosted by a brand 54%  Post a comment about a brand on a website or blog 23%  Blog about a brand
“ I look for brands that do not depend on trends, celebrity endorsements or "deals" to convince me to purchase.  I look for design and style that is timeless and well made.” “ If I find a brand I like and learn to trust for quality, design, and value, I look there first and try new products they offer.” “ Authenticity comes with an ‘ahhhh.’ It takes me by surprise and has functionality and innovation. Then I say, ‘Of course!’” “ I like their design, their lack of complication and am proud to associate my 'brand' with theirs.” In describing a preferred brand…
Does Sustainability Matter?
Q:  Which of the following are top of mind in your everyday thoughts as you make decisions for YOURSELF/YOUR FAMILY? Question Type: Multi-select Base (Total Respondents): 1075 Top of mind issues contributing to personal decision-making
When making an important purchase…overall quality, good design and functionality outweighed sustainability Q:  Thinking about this purchase, how influential were these product attributes in your decision-making process? Question Type: Single-select, 3-point scale (Highly Influential, Somewhat Influential, Not a Factor) Base (Total Respondents): 1075
Sustainability is a more influential product attribute in categories with substantial product offerings   Q:  Thinking about this purchase, how influential were these product attributes in your decision-making process? Question Type: Single-select, 3-point scale (Highly Influential, Somewhat Influential, Not a Factor) Base (Total Respondents): 1075
How much do you agree with each of these statements about purchasing  everyday items for your household? Consumer Statements: Top 2 Box Agreement (4, 5) “ 5” means “Agree Completely” and “1” means “Disagree Completely.” Health, Sustainability & Environment Total I care about sustainable production of food and grocery items 89% Responsible and recyclable packaging is important to me 89% I prefer to buy organic products when I can 76%
How much do you agree with each of these statements about purchasing  everyday items for your household? Consumer Statements: Top 2 Box Agreement (4, 5) “ 5” means “Agree Completely” and “1” means “Disagree Completely.” Health, Sustainability & Environment 18-34 35-49 50+ I care about sustainable production of household items 92% 87% 85% Responsible and recyclable packaging is important to me 96% 88% 88% I prefer to buy organic products when I can 71% 77% 75%
How influential were these aspects in your decision-making process? Question Type: Single-select, 3-point scale (Highly Influential, Somewhat Influential, Not a Factor) How influential were these aspects in your decision-making process? Influential  18-34 35-49 50+ Personal taste 71% 54% 49% Organic 77% 72% 56% Brand 74% 82% 86% Price 74% 80% 72% Environmental responsibility 81% 77% 79% Value for the money 95% 93% 94% Past experience 97% 95% 95% Overall quality 100% 99% 100% Healthfulness 100% 99% 100%
Is Luxury Dead?
When evaluating brands for purchase,  Luxury  ranks extremely low.   Q:  How influential were these aspects of the product’s brand in your decision-making process? Question Type: Single-select, 3-point scale (Highly Influential, Somewhat Influential, Not a Factor) Base ( Selected BRAND as "Highly Important" or "Important" ): 833
New Affluents value qualities associated with Prestige Brands  Aesthetics Innovation Integrity Originality  Authenticity
lux·u·ry  ək-sh(ə-)rē,  :  something adding to pleasure or comfort but not absolutely necessary pres·tige   re-stēzh :  standing or estimation in the eyes of people  :  weight or credit in general opinion Source: Merriam-Webster Online 2010
How much do you agree with each of these statements about purchasing  everyday items for your household? Consumer Statements: Top 2 Box Agreement (4, 5) “ 5” means “Agree Completely” and “1” means “Disagree Completely.” Design Total I look for well-designed packaging and labeling 71% Design is relevant to me, even for everyday items 69%
How much do you agree with each of these statements about purchasing  everyday items for your household? Consumer Statements: Top 2 Box Agreement (4, 5) “ 5” means “Agree Completely” and “1” means “Disagree Completely.” Quality, Authenticity & Reputation Total I expect the products I buy to deliver on their promises 97% I need to trust the companies that provide me with goods + services 87% Buying the highest-quality household goods is worth it 78%
The Brand Value Scorecard  Detailed category- and brand-specific research conducted among New Affluents ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Does your brand measure up?  For more info: Contact strategy@dwell.com
Takeaway: The Whole Brand Experience Define  the complete brand experience that reflects your brand’s values. Imbue your products with these values, and reiterate them every time you touch the customer—product, packaging,messaging, delivery, support. Understand  the ways to connect effectively with this consumer—mobile communications, social networking, affiliating with brands that the New Affluents admire. Design  an ongoing positive relationship— great quality, reliability, and innovation. If every aspect of the brand is imbued with these values, you’ll attract the New Affluents and maintain a long relationship with them.

More Related Content

Similar to Michela O'Connoer Abrams-Dwell-day2

Storytelling for Organizational Engagement: Selling Sustainability Internally
Storytelling for Organizational Engagement: Selling Sustainability InternallyStorytelling for Organizational Engagement: Selling Sustainability Internally
Storytelling for Organizational Engagement: Selling Sustainability InternallySustainable Brands
 
The Choicefuls -Progressive Consumers - 12 Innovative Ways into their Hearts ...
The Choicefuls -Progressive Consumers - 12 Innovative Ways into their Hearts ...The Choicefuls -Progressive Consumers - 12 Innovative Ways into their Hearts ...
The Choicefuls -Progressive Consumers - 12 Innovative Ways into their Hearts ...Liz Paul
 
Different generations, Different purchase decisions
Different generations, Different purchase decisionsDifferent generations, Different purchase decisions
Different generations, Different purchase decisionsSKIM
 
Consumerbehavior
ConsumerbehaviorConsumerbehavior
Consumerbehaviorpraveevidhu
 
47 consumerbehavior
47 consumerbehavior47 consumerbehavior
47 consumerbehaviorabhibaban
 
Motivation and values
Motivation and valuesMotivation and values
Motivation and valuesArvind kumar
 
Mastering B2C Sales Excellence for Corporate
Mastering B2C Sales Excellence for CorporateMastering B2C Sales Excellence for Corporate
Mastering B2C Sales Excellence for CorporateMarlonJamesGibela1
 
Consumer behavior mackenzie vorhees
Consumer behavior   mackenzie vorheesConsumer behavior   mackenzie vorhees
Consumer behavior mackenzie vorheesMackenzieVorhees
 
Earned Brand 2016 - Japan
Earned Brand 2016 - JapanEarned Brand 2016 - Japan
Earned Brand 2016 - JapanEdelman Japan
 
2016 Earned Brand Japan
2016 Earned Brand Japan 2016 Earned Brand Japan
2016 Earned Brand Japan Edelman APACMEA
 
Field Guide to Brand Advocates
Field Guide to Brand AdvocatesField Guide to Brand Advocates
Field Guide to Brand AdvocatesBzzAgent
 
Brand Awareness
Brand AwarenessBrand Awareness
Brand AwarenessUm Abrar
 
Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Webin...
Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Webin...Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Webin...
Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Webin...Influence Central
 
consumer behavior in tourism
consumer behavior in tourismconsumer behavior in tourism
consumer behavior in tourismrustambek19982307
 
Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviourdeepakp621
 

Similar to Michela O'Connoer Abrams-Dwell-day2 (20)

Marketing to millennials
Marketing to millennials Marketing to millennials
Marketing to millennials
 
Storytelling for Organizational Engagement: Selling Sustainability Internally
Storytelling for Organizational Engagement: Selling Sustainability InternallyStorytelling for Organizational Engagement: Selling Sustainability Internally
Storytelling for Organizational Engagement: Selling Sustainability Internally
 
The Choicefuls -Progressive Consumers - 12 Innovative Ways into their Hearts ...
The Choicefuls -Progressive Consumers - 12 Innovative Ways into their Hearts ...The Choicefuls -Progressive Consumers - 12 Innovative Ways into their Hearts ...
The Choicefuls -Progressive Consumers - 12 Innovative Ways into their Hearts ...
 
Different generations, Different purchase decisions
Different generations, Different purchase decisionsDifferent generations, Different purchase decisions
Different generations, Different purchase decisions
 
Opinion Leaders
Opinion Leaders Opinion Leaders
Opinion Leaders
 
Consumerbehavior
ConsumerbehaviorConsumerbehavior
Consumerbehavior
 
Consumerbehavior
ConsumerbehaviorConsumerbehavior
Consumerbehavior
 
47 consumerbehavior
47 consumerbehavior47 consumerbehavior
47 consumerbehavior
 
GMPcall1.28
GMPcall1.28GMPcall1.28
GMPcall1.28
 
4_motiv,emot, values_fall09.ppt
4_motiv,emot, values_fall09.ppt4_motiv,emot, values_fall09.ppt
4_motiv,emot, values_fall09.ppt
 
Motivation and values
Motivation and valuesMotivation and values
Motivation and values
 
Mastering B2C Sales Excellence for Corporate
Mastering B2C Sales Excellence for CorporateMastering B2C Sales Excellence for Corporate
Mastering B2C Sales Excellence for Corporate
 
Consumer behavior mackenzie vorhees
Consumer behavior   mackenzie vorheesConsumer behavior   mackenzie vorhees
Consumer behavior mackenzie vorhees
 
Earned Brand 2016 - Japan
Earned Brand 2016 - JapanEarned Brand 2016 - Japan
Earned Brand 2016 - Japan
 
2016 Earned Brand Japan
2016 Earned Brand Japan 2016 Earned Brand Japan
2016 Earned Brand Japan
 
Field Guide to Brand Advocates
Field Guide to Brand AdvocatesField Guide to Brand Advocates
Field Guide to Brand Advocates
 
Brand Awareness
Brand AwarenessBrand Awareness
Brand Awareness
 
Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Webin...
Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Webin...Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Webin...
Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Webin...
 
consumer behavior in tourism
consumer behavior in tourismconsumer behavior in tourism
consumer behavior in tourism
 
Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviour
 

More from Michael Flynn

Story Telling For Change - Annie Leonard, Producer, The Story of Stuff & Jona...
Story Telling For Change - Annie Leonard, Producer, The Story of Stuff & Jona...Story Telling For Change - Annie Leonard, Producer, The Story of Stuff & Jona...
Story Telling For Change - Annie Leonard, Producer, The Story of Stuff & Jona...Michael Flynn
 
Michael Hopkins, Editor in Chief, MIT Sloan Management Review
Michael Hopkins, Editor in Chief, MIT Sloan Management ReviewMichael Hopkins, Editor in Chief, MIT Sloan Management Review
Michael Hopkins, Editor in Chief, MIT Sloan Management ReviewMichael Flynn
 
Steve Westly, Managing Partner, The Westly Group
Steve Westly, Managing Partner, The Westly GroupSteve Westly, Managing Partner, The Westly Group
Steve Westly, Managing Partner, The Westly GroupMichael Flynn
 
Peter Falt, BMW Group DesignworksUSA
Peter Falt, BMW Group DesignworksUSAPeter Falt, BMW Group DesignworksUSA
Peter Falt, BMW Group DesignworksUSAMichael Flynn
 
Gaylon White, Director of Design Industry Programs, Eastman Chemical Company
Gaylon White, Director of Design Industry Programs, Eastman Chemical CompanyGaylon White, Director of Design Industry Programs, Eastman Chemical Company
Gaylon White, Director of Design Industry Programs, Eastman Chemical CompanyMichael Flynn
 
Andreas Schierenbeck, President, Building Technologies, Siemens Inc.
Andreas Schierenbeck, President, Building Technologies, Siemens Inc.Andreas Schierenbeck, President, Building Technologies, Siemens Inc.
Andreas Schierenbeck, President, Building Technologies, Siemens Inc.Michael Flynn
 
Opportunity Green 2009 Conference Program
Opportunity Green 2009 Conference ProgramOpportunity Green 2009 Conference Program
Opportunity Green 2009 Conference ProgramMichael Flynn
 
Opgreen Program 2008
Opgreen Program 2008Opgreen Program 2008
Opgreen Program 2008Michael Flynn
 
Gervais Tompkin, Gensler, at Opportunity Green 2009
Gervais Tompkin, Gensler, at Opportunity Green 2009Gervais Tompkin, Gensler, at Opportunity Green 2009
Gervais Tompkin, Gensler, at Opportunity Green 2009Michael Flynn
 
Joe Laur, at Opportunity Green 2009
Joe Laur, at Opportunity Green 2009Joe Laur, at Opportunity Green 2009
Joe Laur, at Opportunity Green 2009Michael Flynn
 
Beth Springer, Clorox,Joe Laur, at Opportunity Green 2009
Beth Springer, Clorox,Joe Laur, at Opportunity Green 2009Beth Springer, Clorox,Joe Laur, at Opportunity Green 2009
Beth Springer, Clorox,Joe Laur, at Opportunity Green 2009Michael Flynn
 
Alexis Madrigal at Opportunity Green 2009
Alexis Madrigal at Opportunity Green 2009Alexis Madrigal at Opportunity Green 2009
Alexis Madrigal at Opportunity Green 2009Michael Flynn
 
Joseph Kwasnik at Opportunity Green 2009
Joseph Kwasnik at Opportunity Green 2009Joseph Kwasnik at Opportunity Green 2009
Joseph Kwasnik at Opportunity Green 2009Michael Flynn
 
Frances Arnold at Opportunity Green 2009
Frances Arnold at Opportunity Green 2009Frances Arnold at Opportunity Green 2009
Frances Arnold at Opportunity Green 2009Michael Flynn
 
Llewellyn Wells at Opportunity Green 2009
Llewellyn Wells at Opportunity Green 2009Llewellyn Wells at Opportunity Green 2009
Llewellyn Wells at Opportunity Green 2009Michael Flynn
 
Julie Gilhart, Barneys, at Opportunity Green 2009
Julie Gilhart, Barneys, at Opportunity Green 2009Julie Gilhart, Barneys, at Opportunity Green 2009
Julie Gilhart, Barneys, at Opportunity Green 2009Michael Flynn
 
Chris Jordan at Opportunity Green 2009
Chris Jordan at Opportunity Green 2009Chris Jordan at Opportunity Green 2009
Chris Jordan at Opportunity Green 2009Michael Flynn
 
Jim Davis, SAP, at Opportunity Green 2009
Jim Davis, SAP, at Opportunity Green 2009Jim Davis, SAP, at Opportunity Green 2009
Jim Davis, SAP, at Opportunity Green 2009Michael Flynn
 
Fridolin Beisert at Opportunity Green 2009
Fridolin Beisert at Opportunity Green 2009Fridolin Beisert at Opportunity Green 2009
Fridolin Beisert at Opportunity Green 2009Michael Flynn
 

More from Michael Flynn (20)

Pangea
PangeaPangea
Pangea
 
Story Telling For Change - Annie Leonard, Producer, The Story of Stuff & Jona...
Story Telling For Change - Annie Leonard, Producer, The Story of Stuff & Jona...Story Telling For Change - Annie Leonard, Producer, The Story of Stuff & Jona...
Story Telling For Change - Annie Leonard, Producer, The Story of Stuff & Jona...
 
Michael Hopkins, Editor in Chief, MIT Sloan Management Review
Michael Hopkins, Editor in Chief, MIT Sloan Management ReviewMichael Hopkins, Editor in Chief, MIT Sloan Management Review
Michael Hopkins, Editor in Chief, MIT Sloan Management Review
 
Steve Westly, Managing Partner, The Westly Group
Steve Westly, Managing Partner, The Westly GroupSteve Westly, Managing Partner, The Westly Group
Steve Westly, Managing Partner, The Westly Group
 
Peter Falt, BMW Group DesignworksUSA
Peter Falt, BMW Group DesignworksUSAPeter Falt, BMW Group DesignworksUSA
Peter Falt, BMW Group DesignworksUSA
 
Gaylon White, Director of Design Industry Programs, Eastman Chemical Company
Gaylon White, Director of Design Industry Programs, Eastman Chemical CompanyGaylon White, Director of Design Industry Programs, Eastman Chemical Company
Gaylon White, Director of Design Industry Programs, Eastman Chemical Company
 
Andreas Schierenbeck, President, Building Technologies, Siemens Inc.
Andreas Schierenbeck, President, Building Technologies, Siemens Inc.Andreas Schierenbeck, President, Building Technologies, Siemens Inc.
Andreas Schierenbeck, President, Building Technologies, Siemens Inc.
 
Opportunity Green 2009 Conference Program
Opportunity Green 2009 Conference ProgramOpportunity Green 2009 Conference Program
Opportunity Green 2009 Conference Program
 
Opgreen Program 2008
Opgreen Program 2008Opgreen Program 2008
Opgreen Program 2008
 
Gervais Tompkin, Gensler, at Opportunity Green 2009
Gervais Tompkin, Gensler, at Opportunity Green 2009Gervais Tompkin, Gensler, at Opportunity Green 2009
Gervais Tompkin, Gensler, at Opportunity Green 2009
 
Joe Laur, at Opportunity Green 2009
Joe Laur, at Opportunity Green 2009Joe Laur, at Opportunity Green 2009
Joe Laur, at Opportunity Green 2009
 
Beth Springer, Clorox,Joe Laur, at Opportunity Green 2009
Beth Springer, Clorox,Joe Laur, at Opportunity Green 2009Beth Springer, Clorox,Joe Laur, at Opportunity Green 2009
Beth Springer, Clorox,Joe Laur, at Opportunity Green 2009
 
Alexis Madrigal at Opportunity Green 2009
Alexis Madrigal at Opportunity Green 2009Alexis Madrigal at Opportunity Green 2009
Alexis Madrigal at Opportunity Green 2009
 
Joseph Kwasnik at Opportunity Green 2009
Joseph Kwasnik at Opportunity Green 2009Joseph Kwasnik at Opportunity Green 2009
Joseph Kwasnik at Opportunity Green 2009
 
Frances Arnold at Opportunity Green 2009
Frances Arnold at Opportunity Green 2009Frances Arnold at Opportunity Green 2009
Frances Arnold at Opportunity Green 2009
 
Llewellyn Wells at Opportunity Green 2009
Llewellyn Wells at Opportunity Green 2009Llewellyn Wells at Opportunity Green 2009
Llewellyn Wells at Opportunity Green 2009
 
Julie Gilhart, Barneys, at Opportunity Green 2009
Julie Gilhart, Barneys, at Opportunity Green 2009Julie Gilhart, Barneys, at Opportunity Green 2009
Julie Gilhart, Barneys, at Opportunity Green 2009
 
Chris Jordan at Opportunity Green 2009
Chris Jordan at Opportunity Green 2009Chris Jordan at Opportunity Green 2009
Chris Jordan at Opportunity Green 2009
 
Jim Davis, SAP, at Opportunity Green 2009
Jim Davis, SAP, at Opportunity Green 2009Jim Davis, SAP, at Opportunity Green 2009
Jim Davis, SAP, at Opportunity Green 2009
 
Fridolin Beisert at Opportunity Green 2009
Fridolin Beisert at Opportunity Green 2009Fridolin Beisert at Opportunity Green 2009
Fridolin Beisert at Opportunity Green 2009
 

Michela O'Connoer Abrams-Dwell-day2

  • 1. Michela O’Connor Abrams President, Dwell Media
  • 3. 2,250 affluent panel members Household incomes of $100,000+ And Agreement with 5 of 6 psychographic Owning good-quality things brings me enjoyment. I like to stand out from others. I am usually one of the first to try new products/services. I think of myself as a creative person. I try to keep up with technological developments. I believe in protecting the environment. An ongoing effort to track, chronicle, and contextualize the habits of New Affluents and make that intelligence available to trend watchers. The New Face of Affluence Panel
  • 4.
  • 5.  
  • 6. Age Breakdown 18% 28% 54%
  • 7. I rely on my own personal taste rather than trends I like to offer advice to others People often ask my advice when making important purchase decisions I consider myself and opinion leader 95% 91% 90% 85% 79% 23% Influential and independent 94% 74% 71% 66%
  • 8. Busy Modern Lives 85% spend their free time either working out or developing new skills and knowledge 78% of them travel and enjoy socializing with friends and family. 58% devote time to helping take care of others, whether that means their parents or people in their community 16% say “It’s easy for me to prioritize and find balance in my life.”
  • 9. These core concerns are “top of mind” when New Affluents make decisions for themselves or their families.
  • 10. New Affluents’ purchase decisions are inspired by a strong sense of self.
  • 11. New Affluents Identify Important Aspects of Life 93% Enjoying Good Physical Health 93% Maintaining Emotional Stability 72% Protecting The Environment 69% Achieving Financial Success 65% Earning Career Success 63% Raising a Family 35% Being Active in the Community 12% Achieving Status in Society
  • 12. Important Aspects of Life: Parents’ Generation at Same Stage of Life 45% / 93% Enjoying Good Physical Health 45% / 93% Maintaining Emotional Stability 7% / 72% Protecting The Environment 61% / 69% Achieving Financial Success 45% / 65% Earning Career Success 87% / 63% Raising a Family 25% / 35% Being Active in the Community 24% / 12% Achieving Status in Society
  • 13.  
  • 14. 60% agreed completely with the statement “ Technology is indispensable to the way I communicate.”
  • 15. Smartphones: from nicety to necessity Do you use any of the following smartphones as your primary communication device? Mobile technologies are driving brand interaction
  • 16. iPad: a breakthrough communications (and marketing) device Source: Dwell Affluence Panel June 2010 Base: 762
  • 17. 23% My decisions are influenced by the opinion of others 95% 91% 90% 85% 79% 77% I care how and where products I buy are made 29% 23% Meaningful Materialism 95% I feel good when I make a smart purchase decision 91% Over-consumption is problematic in our society 90% I consider myself a discerning consumer 85% I would prefer to have fewer, higher-quality items in my life 79% I seek out products that are authentic and meaningful 29% The products I buy reflect my social status
  • 18. Brand Value Does Sustainability Matter? Is Luxury Dead?
  • 19. Brand Value Rather than thinking of their purchases as products to consume, the New Affluents are looking for a different relationship with what they buy. The days of rolling out top-down, controlled brand introductions and messaging are going the way of trans fats. Quickly being replaced by a new way of interacting with consumers—a dialogue.
  • 20. New Affluents reveal a remarkable willingness to consider all brands on an equal footing. 692 brands were identified when asked to name brands they admire. 86% will pay more for a brand they like. 68% feel a personal connection with brands they admire. 53% want brands to engage with them in more meaningful ways. 53% say great brands create experiences not products.
  • 21.  
  • 22.  
  • 23. Success brands deliver an emotional connection When a brand that you admire or that you recommend to others succeeds, which of the following describe how you feel? Source: Dwell Affluence Panel June 2010 Base: 762
  • 24. Admired brands earn loyalty and personal connection How much you agree with the following statements about this brand: 96% I am completely satisfied with my purchase decision 94% I readily recommend this brand to others 85% If this brand were to disappear, I’d miss it 71% If I had to, I’d go to extra lengths to acquire this brand 69% I’m passionate about this brand
  • 25. Creating Brand Advocates 97% Discuss a brand with friends relatives and colleagues 97% Recommend a brand to others 57% Post an online review about a brand 55% Attend live events hosted by a brand 54% Post a comment about a brand on a website or blog 23% Blog about a brand
  • 26. “ I look for brands that do not depend on trends, celebrity endorsements or "deals" to convince me to purchase. I look for design and style that is timeless and well made.” “ If I find a brand I like and learn to trust for quality, design, and value, I look there first and try new products they offer.” “ Authenticity comes with an ‘ahhhh.’ It takes me by surprise and has functionality and innovation. Then I say, ‘Of course!’” “ I like their design, their lack of complication and am proud to associate my 'brand' with theirs.” In describing a preferred brand…
  • 28. Q: Which of the following are top of mind in your everyday thoughts as you make decisions for YOURSELF/YOUR FAMILY? Question Type: Multi-select Base (Total Respondents): 1075 Top of mind issues contributing to personal decision-making
  • 29. When making an important purchase…overall quality, good design and functionality outweighed sustainability Q: Thinking about this purchase, how influential were these product attributes in your decision-making process? Question Type: Single-select, 3-point scale (Highly Influential, Somewhat Influential, Not a Factor) Base (Total Respondents): 1075
  • 30. Sustainability is a more influential product attribute in categories with substantial product offerings Q: Thinking about this purchase, how influential were these product attributes in your decision-making process? Question Type: Single-select, 3-point scale (Highly Influential, Somewhat Influential, Not a Factor) Base (Total Respondents): 1075
  • 31. How much do you agree with each of these statements about purchasing everyday items for your household? Consumer Statements: Top 2 Box Agreement (4, 5) “ 5” means “Agree Completely” and “1” means “Disagree Completely.” Health, Sustainability & Environment Total I care about sustainable production of food and grocery items 89% Responsible and recyclable packaging is important to me 89% I prefer to buy organic products when I can 76%
  • 32. How much do you agree with each of these statements about purchasing everyday items for your household? Consumer Statements: Top 2 Box Agreement (4, 5) “ 5” means “Agree Completely” and “1” means “Disagree Completely.” Health, Sustainability & Environment 18-34 35-49 50+ I care about sustainable production of household items 92% 87% 85% Responsible and recyclable packaging is important to me 96% 88% 88% I prefer to buy organic products when I can 71% 77% 75%
  • 33. How influential were these aspects in your decision-making process? Question Type: Single-select, 3-point scale (Highly Influential, Somewhat Influential, Not a Factor) How influential were these aspects in your decision-making process? Influential 18-34 35-49 50+ Personal taste 71% 54% 49% Organic 77% 72% 56% Brand 74% 82% 86% Price 74% 80% 72% Environmental responsibility 81% 77% 79% Value for the money 95% 93% 94% Past experience 97% 95% 95% Overall quality 100% 99% 100% Healthfulness 100% 99% 100%
  • 35. When evaluating brands for purchase, Luxury ranks extremely low. Q: How influential were these aspects of the product’s brand in your decision-making process? Question Type: Single-select, 3-point scale (Highly Influential, Somewhat Influential, Not a Factor) Base ( Selected BRAND as "Highly Important" or "Important" ): 833
  • 36. New Affluents value qualities associated with Prestige Brands Aesthetics Innovation Integrity Originality Authenticity
  • 37. lux·u·ry ək-sh(ə-)rē, : something adding to pleasure or comfort but not absolutely necessary pres·tige re-stēzh : standing or estimation in the eyes of people : weight or credit in general opinion Source: Merriam-Webster Online 2010
  • 38. How much do you agree with each of these statements about purchasing everyday items for your household? Consumer Statements: Top 2 Box Agreement (4, 5) “ 5” means “Agree Completely” and “1” means “Disagree Completely.” Design Total I look for well-designed packaging and labeling 71% Design is relevant to me, even for everyday items 69%
  • 39. How much do you agree with each of these statements about purchasing everyday items for your household? Consumer Statements: Top 2 Box Agreement (4, 5) “ 5” means “Agree Completely” and “1” means “Disagree Completely.” Quality, Authenticity & Reputation Total I expect the products I buy to deliver on their promises 97% I need to trust the companies that provide me with goods + services 87% Buying the highest-quality household goods is worth it 78%
  • 40.
  • 41. Takeaway: The Whole Brand Experience Define the complete brand experience that reflects your brand’s values. Imbue your products with these values, and reiterate them every time you touch the customer—product, packaging,messaging, delivery, support. Understand the ways to connect effectively with this consumer—mobile communications, social networking, affiliating with brands that the New Affluents admire. Design an ongoing positive relationship— great quality, reliability, and innovation. If every aspect of the brand is imbued with these values, you’ll attract the New Affluents and maintain a long relationship with them.

Editor's Notes

  1. Update with new data – Your overall happiness   81% Your financial well-being   76% The environment   60% Sustainability   52% The economy   46% Innovation   41% Current cultural trends   16% War   9% The expectations of others   8% Your overall social status   4%
  2. Nearly three quarters of New Affluents carry small computers/ Google's Nexus One smartphone , packs about the same computing power as a laptop from 2005. Here's the reality of computing for now: People can carry a smartphone for e-mails and texts on the go, hop on the PC for serious writing or numbers crunching, and cuddle up with an iPad on the couch at home. Owning two or three devices will likely remain the norm for some time
  3. Marketshare: 11% of New Affluents say own iPad or Kindle 33% plan to purchase and iPad in the future only 4% say they plan to purchase a Kindle. The iPad represents a huge marketing oooprtunity 10,000 ipad apps as of june 11. 3 million iPads sold in first 80 days. Rate is accelerating took 28 days to sell first million, 3 rd million took 20 days. More than an e-reader web, apps, email, books etc. and a huger opportunity for marketers
  4. Stacked bar charts Remove IDEAS Conference from LOGO
  5. Can you make this look snazzier?