Summary of Pocketbook Power
How to Reach the Hearts and Minds of Today's Most Coveted Consumers - Women
© 2004 McGraw-Hill
Women are smarter, richer, older, more selective, extremely busy and increasingly spiritual. Now, sell into that.
Women not only rule the roost, they control its purse strings. In an economy 75% driven by individual consumer spending, women make decisions that affect 88% of all purchases and control almost half of all the households with assets of more than $500,000. The results of marketing research data show, in staggering and unequivocal terms, that women are the dominant demographic and financial engine behind the U.S. economy. The first half of author Bernice Kanner’s book focuses on women’s impact on various industries. The book’s second half notes failed campaigns and explains what kind of marketing appeals to women. Despite its overwhelming reliance on marketing data, this book suffers from mixing the differences and similarities between the genders. At times the distinctions are clear, but often the differences get blurred. This extremely informative book would have benefited from tighter editing to make it less jumbled. Still, getAbstract.com thinks marketing and advertising executives can use this book to avoid chauvinist marketing pitfalls, adjust to changing demographics and more effectively draw female consumers to their clients’ products.
In this summary, you will learn
- How women play a crucial role in purchasing decisions in major consumer categories;
- What techniques to encourage women to buy your product; and
- Which approaches do not work if you want to reach female consumers.
About the Author
Bernice Kanner is a marketing expert with extensive journalism experience. She worked at Bloomberg L.P., wrote a column for Marketwatch, served as editor-in-chief of Women’s BizUS and authored numerous books, including The Super Bowl of Advertising, Are You Normal About Sex, Love and Relationships?, Nickel and Dimed and The 100 Best TV Commercials and Why They Worked. She wrote an award-winning column for New York Magazine entitled, "On Madison Avenue."
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