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Presented by SIS International Research
Indirect customers and influencers such as children should be integrated into your marketing strategy. This article points out opportunities companies can target when reaching their indirect customer base.
A company has multiple constituencies when it offers the same product to different market segments. Why is this an important discipline in Marketing? Often times, your direct buyer is not the most important influencer. Children, doctors, relatives and social referential leaders often assume major positions in the purchasing decision.
As a result, it is important to understand these indirect customers and influencers and integrate this understanding into marketing strategy. Multiple Constituency Marketing applies to a wide number of industries including the Pharmaceutical, Hospitality, Consumer Goods, Toys, Entertainment sectors.
Multiple constituencies = Actual buyer + Influencers (doctors, accrediting agencies, children, relatives, referential leaders in society)
Example
One example of Multiple Constituency Marketing is in the Pharmacuetical sector. Take for example Viagra as a drug. Pharmaceutical firms target not only the doctor who is the gate keeper in the prescription purchasing decision. Pfizer targets customers directly to inquire from their doctors about getting the drug, appealing to their psychological needs of potency and "scoring" (indicated by its communications). Beyond this, it also targets wives via television communications, appealing to their needs of intimacy. It also appeals to referential leaders like Bob Dole.
Companies that manufacture foods also consider how to appeal to not only the adult that will purchase the product, but also the children and significant other that heavily influence purchasing.
A general overview of key intelligence areas:
A firm that has multiple constituencies should constantly make sure they are catering to every segment’s needs and desires.
Key success factors:
This article was provided by SIS International Research. Visit their website at www.sismarketresearch.com.
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