Tag Archives: social trends

Are Catalogs Still Useful?

catalogs

In the age of social media and digital shopping, is there still a place for paper catalogs? The short answer is “yes” as retailers continue to use direct mail to supplement both brick-and-mortar and online shopping. However, catalogs are not without problems and costs, including rising postage, production, and shipping expenses.

In a research study conducted by the American Catalog Mailers Association, findings included that consumers who receive and use catalogs consider them far more useful than other types of direct mail. Recipients stated that they open and look at two-thirds of the catalogs they receive each week. Almost all consumers who receive catalogs have made a purchase, and half do so within 30 days of receiving a catalog. On average, shoppers aged 55 and over receive more catalogs than younger shoppers, and women look at a higher percentage of catalogs than do men.

But do shoppers send in order forms or call 800 numbers to place orders? No. The most used method is to look at a catalog, and then purchase through the company’s Web site. Among other findings from the study was that consumers who receive catalogs spend an average of $850/year on catalog purchases. Catalogs remain a viable channel for consumers to promote goods and sell products.

Group Activities and Discussion Questions:

  1. Bring printed catalogs to class for students to examine.
  2. Poll students: How many receive catalogs? How many purchase from catalogs?
  3. Research paper from American Catalog Mailers Association:

https://www.memberize.net/clubportal/clubdocs/2129/ACMA%20Consumer%20Survey%20Final%20release.pdf

  1. For fun, show the IKEA video about its new catalog:

http://youtu.be/MOXQo7nURs0

  1. Discuss the five components of an environmental analysis (external forces on a market): social trends, technology, competition, regulatory issues, economic trends.
  2. Divide students into teams and have each team fill out a grid for the five forces.
  3. Debrief the exercise by compiling information on the white board. Does this give a good picture of the situation faced by catalogs?

Source: New York Times

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YouTube Videos from 2014

Tube

No year-end review would be complete with watching the top trending videos from 2014 on YouTube. Adding to the reflective spirit, YouTube’s year-end review includes the top trending views globally, top trending music videos, and the most popular videos across categories such as comedy, gaming, science, technology, beauty, fashion, sports, and more.

As YouTube stated: “It’s time to pause, rewind, and remember the videos, people and events that defined YouTube in 2014.” View these videos and consider the social trends that they started and the implications for marketing. What will 2015 hold?

Group Activities and Discussion Questions:

  1. Discuss YouTube’s appeal to viewers. Poll students: What do they watch, and why?
  2. Show Web site: https://www.youtube.com/user/theyearinreview
  3. Assign student teams to one of the categories of videos. Give each team 5 – 10 minutes to pick out what they consider to be the video that most influenced consumer trends in 2014.
  4. Next, have each team brainstorm on how to expand from the lifecycle of the trend.
  5. Debrief assignment by showing the top video from each category.

Source: YouTube

 

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Facebook Top Events of 2014

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One of the best things about the end of the year is the opportunity it gives us to reflect on the past, while we prepare for the year ahead. In the spirit of reflection, Facebook has released its summary of the world’s top moments and events that generated the most buzz in 2014.

Among the events was the most shared event in Facebook’s history, the World Cup tournament which brought together 350 million people around the globe as they followed the results of their favorite teams. Also in the top topics were Ebola, Brazilian elections, the death of comedian Robin Williams, ALS Ice Bucket Challenge, Israel-Gaza conflict, Malaysia Airlines, Super Bowl, Sochi Winter Olympics, and Ferguson.

Which events did you follow?

Group Activities and Discussion Questions:

  1. Discuss the importance of market research. What are sources that can be used? Why is tracking trends important?
  2. Bring up the site and show the video: http://yearinreview.fb.com/
  3. Divide students into teams and have each team examine a different Facebook topic.
  4. What are the trends from that topic?
  5. How can these trends be used to develop new products?
  6. Debrief the exercise by listing the ideas from each team.

Source: Facebook

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