The study was made by Taylor Nelson Sofres (TNS) Worldpanel Philippines. Gives us a peak on formal market research FOR FREE!!!
Read it HERE.
My take:
- The Filipino consumer is young. We’re a baby making country. The trend of getting old as a population will be later on, especially compared to other industrialized countries like Japan and Singapore.
- Marrying at a later age means more Cycles sales due to better accessibility to disposable income.
- Don’t believe everything written, don’t generalize – the internet was not mentioned. This is because penetration is less for the rural areas, HOWEVER, for the customers we are talking to internet penetration is very high.
- If you’re good at sachet marketing, then stick to the Philippines. Other countries are less developed in this format.
- The Filipino shopper segment called “Meticulous Mommas” as labelled by TNS is our customer for Cycles.
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