Can the ‘mod marketeer’ win the consumer
Marketeers of a different breed have emerged in Sri Lanka during the
past 10 years. It’s great to see young boys and girls from top Colombo
schools and international schools entering the field; some with degrees
from global universities which has a positive impact on the profession.
The foundation to marketing success is to understand the target
consumer and have a consistent focus on them to observe, analyse and
understand the changing behaviour for continuous re-alignment of
strategy for communication effectiveness. We all know that the behaviour
patterns of the Sri Lankan consumer are cyclical.
Be Sri Lankan
Demographics are typical characteristics of your target market – the
people who buy your products or services. Anyone can easily comprehend
demographics but not psychographics. Demographics help you understand
who buys your product or service, while psychographics helps you
understand why they buy.
Psychographics, as the name suggests, goes beyond the visible
external behaviour to focus on your target customers’ psychology,
lifestyles, beliefs and attitudes. These are the inner feelings and
characteristics of the consumer. Understanding psychographics takes a
lot more serious effort. This requirement is fundamental to build a
winning brand. Who can do this best; surely people who are close to the
consumer.
For most leading FMCG companies in Sri Lanka, the target consumer
base is over 10 million. So the young marketeers need to understand the
psychographics of every single consumer segment from the South to the
North and East to the West to develop effective communication messages,
select the best media mix and to make the right communication channel
choices.
'Modern marketeer’
The modern marketeer speaks fluent English but poor Sinhala; some
poor or no Sinhala, writes good English but horrible Sinhala, watches
satellite TV not the local TV channels, uses independent rating done by
external organisations covering a sample audience, doesn’t use the
channel partners and own sales force feedback.
The modern marketeer doesn’t do enough market visits to spend time
with channel partners, customers and frontline sales people instead uses
the information available to him in office to strategise and determine
the brand positioning. So the modern marketeer’s ability to think as the
consumer does, is limited. This leads to misaligned decisions thus
wasting marketing funds.
Consumer lifestyle change is rapid but there can be a conflict
between explicit and implicit traits of the consumer. In public the ‘mod
consumer’ would eat a burger and at home he would prefer to have red
rice with kiri kos curry and pol sambol.
The same consumer who swims in the pool of a five star hotel in
Colombo prefers to bath in a tank in the village over the weekend. Young
marketeers should not lose sight of the diverse behaviour of the
targeted customer. Keeping the ear to the ground, exposure to the
culture of the consumer, staying tuned to the attitudinal and lifestyle
changes are key success factors for the mod marketeers.
From a business perspective, mod marketeers need to understand that
if marketing is to succeed within the heart of an organisation, they
must truly represent the voice of the consumer. Marketing is about
shareholder value and that is the kind of marketeer an organisation
needs to develop; it is about people who can have an impact on the
profit of an organisation. To do this effectively, understanding real
Sri Lankan consumer insights is critical. |