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Topic for
Discussion: What does it mean to belong to a group that is defined by
demographers?
Answer: It
means you can focus and not worry about being all things to all people. It also
means you should have insights that those outside the group could never have
even if they did expensive market research.
In the case of
Navarro, what seemed unique in the '60s and '70s is now understood. This
country has a growing Hispanic population that will shop differently than will
Anglos. Navarro's is cashing in big on this trend mainly because they are part
of it and they have not drifted away from it.
In the case of
Wahoo's, which targets surfers, the founders have been surfers since childhood
and rather than give up surfing they invented a product to sell to surfers.
We believe that you
can think of groups as tribes and Merriam-Webster says, a tribe is, "A social
group comprising numerous families, clans, or generations together with slaves,
dependents, or adopted strangers; a group of persons having a common character,
occupation, or interest; a category of taxonomic classification ranking below a
subfamily; also : a natural group irrespective of taxonomic rank."
You think about
it: Could your target market be described as a tribe? If not, why not? If
yes, what insights do you gain from thinking of them as a tribe? Would they
like to see each other more often? Can you provide bonding experiences for them
that others could not? |