Small Business

10 Tips for Marketing to Women

 

Although they represent half of the population, women are the primary decision-makers in most American households. According to the Yankelovich Monitor, women make 85% of all consumer purchases, including new homes, computers, vacations, healthcare, and food. Although many households have both partners working, women spend 80% of the combined income.

So, ignoring women customers can be detrimental to your bottom line. But before you try to target them, here are 10 essential tips to always keep in mind:

1) Be honest

Making your product pink or pretty isn't going to win over the ladies, says Lisa Johnson, CEO of Reach Group Consulting. Unless it has something to do with their bodies and biology, don't try using that line.

2) Be on message

What's important to women in a product? Quality, consistency, design, how it saves time, among other traits. But the most essential: how will it benefit them?

3) Reflect your audience

Greg Alexander, CEO of strategic sales advisory firm Sales Benchmark Index, recommends that if you are selling mostly to women, you should have a predominately female sales force.

"When you understand the demographic of the buyer, then to the extent that you can match that in the seller, your chances go up. So if your buyers are 70% women, then 70% of your sales force should be women."

4) No pressure

Push too aggressively for the sale, and you'll turn off your female audience, warn the experts. Women clients want to feel like the sales relationship is collaborative.

TheStreet Premium Services    For Personal Service: 877-471-2967

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
New: ETF Profits
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Doug Kass
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,845.13 1,344.33 2,901.99 19.01
Oil *
116.38
DOWN
17.10
DOWN
0.57
DOWN
3.67
DOWN
0.48
10 Yr
1.90%
SPDR Gold
167.64
-0.13%
-0.04%
-0.13%
-2.46%
Data delayed 20 minutes

Top Stories and Tools

Brokerage Partners

After the Bell

Before the Bell

Booyah! Newsletter

ETF Daily

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet