Tag Archives: target market

Legos: They’re Not Just for Kids Anymore

Has it been a while since you played with Legos? Maybe you think of Legos as a ‘kid toy’ and think it’s too juvenile. Well, there are surprises in store for you. Adult fans of Lego (known as AFOL) are big business these days. Lego has aimed ads at older builders with the slogan “Adults Welcome.”

The best part for Lego is the price of the adult kits – think $850 for a Millennium Falcon kit, $680 for a Lego Titanic kit, and $250 for a working typewriter. Or maybe you would rather replicate that wonderful trip to Paris with an Eiffel tower kit for $630. Packaged in sleek black boxes, the packaging helps identify the kit for adult builders.

The company has 142 sets designed for adults (out of 926 current sets). Sales to adults have helped Lego increase revenue and more than double sales to $9.7 billion last year. This is no doubt partly driven by child fans who grew up and continued their love of the brick. Collaborations with franchises such as Star Wars, Marvel, Batman, and  automotive companies such as Mercedes and Porsche have helped keep the kits fresh and exciting.

Lego is also a master at branding; there is a TV show called “Lego Masters” as well as the Lego movie.  And the kits are not all sci-fi and warrior based for males; the company has a large range of sets for plants and flowers in its botanical collection which are very popular with female builders. And, lest we forget, Lego also welcomes suggestions from fans for new sets and designs.

One of my favorites is the $400 Grand Piano with moveable keys and strings and a free Powered Up app that lets the piano play tunes.

Let’s build!

Group Activities and Discussion Questions:

  1. Poll students: Does anyone build Lego products? Why? Why not?
  2. View Lego website: https://www.lego.com/en-us
  3. Define the target market for adult Legos. Include demographic, psychographic, values, attitudes, etc.
  4. Based on the target market profile, develop a marketing program to reach the target.
  5. What tactics should be used?
  6. Divide students into teams. Have each team develop an idea for a new adult Lego set.
  7. How should this set be marketed?

Source: Moss, ,T. (18 April 2024). $850 Millennium Falcons and $680 Titanics: Grown-ups are now a gold mine for Lego. Wall Street Journal.

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Where do you golf?

How many readers are golfers? Wait. How should we define golfers? Are they regular players on a golf course consistently, or do we include folks who like the driving range but rarely walk onto a course?

The definition of ‘golfer’ has certainly been blurred by the expansion of Topgolf, as well as fueled by the use of technology in simulators and driving ranges. According to the National Golf Foundation, the number of people going to these locations now is greater than the number of people playing golf on outdoor courses.

And that’s a good thing for the golf industry in general. Long-viewed as an expensive, elitist sport dominated by males, the changing role of technology in golf now opens the sport up to more people who want to drive a ball, but not necessarily spend thousands of dollars and hours on it. Anytime an industry can introduce new consumers to its value, it has a chance of keeping the consumer’s interest.

Plus, Topgolf is more social than traditional golf courses. Topgolf’s approach is much more social, hosting groups of players with tables, couches, food and drink. Microchips embedded in the golf balls track shots, allowing golfers to virtually compete with each other, play famous courses and video courses.

As a result, some traditional country clubs and golf courses are also now more agreeable to revising old traditions and loosening dress codes, as well as designing new and entertaining games for the course and speedier play.

No need to yell “fore” on this tee.

Group Activities and Discussion Questions:

  1. Poll students: Who would consider themselves as golfers? How would they define the market? Where and when do they play golf?
  2. Show Topgolf’s website: https://topgolf.com/us/
  3. Poll students about their Topgolf experience.
  4. Who is the target market for Topgolf?
  5. What is an off-course golfer and how can it be reached?
  6. Divide students into teams and have them research the trends occurring in golf both on-course and off-course.
  7. ALTERNATIVE: Have students explore Topgolf as a franchise investment.

Source: Feuer, W. (1 December 2024). For the first time, most golfers play off-course. Wall Street Journal.

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Rom-Com now means Romance-Commerce for Walmart

Product placement has maxed out with Walmart’s new shoppable show.  Released in December, the 23-episode video series combines romantic comedy with shopping – two of our favorite things in one place!

The series, named “Add to Heart,” is available on TikTok, Roku, and YouTube. While watching, viewers can buy more than 330 featured items directly from Walmart. Each video is about three-minutes and has at least 10 shoppable items.

The plot? Well, it’s a typical romantic-comedy where girl and guy meet and fall in love. The series follows Jessica, who after losing her luggage while traveling, visits Walmart and bumps into an old flame. There are some twists of course. If this sounds like a Hallmark movie to you, you are right on track.

Almost every item in the videos – including fashion, furniture, and décor – can be found and shopped at Walmart. The company calls it a “fun, unique way for customers to be entertained while shopping for the great deals on top brands that they expect from Walmart.”

According to Walmart, nearly half of U.S. consumers say they have made a purchase through social media. This video series hopes to capitalize on that trend, as well as watching the series as a family for entertainment.

Sshhh… the show is on…

Group Activities and Discussion Questions:

  1. Show series videos: https://www.youtube.com/watch?v=bOM80Etqef8&list=PLs6zAwIMDe3POfn2wEXb5mOLmLwaJ1M0u
  2. Wall Street Journal video analysis: https://www.wsj.com/video/series/news-explainers/rom-com-meets-shopping-why-walmart-launched-a-shoppable-series/24941BEA-E081-41FB-A4C9-376446B54FA2
  3. OPTIONAL: Instructors might show an episode and buy an item in class. Students could also participate.
  4. Then, evaluate the entire process from viewing to receipt of products.
  5. What other companies might try this?
  6. Divide students into teams. Have each team select a brand and develop a one-paragraph pitch on how a similar tactic might be used.

Source: Riley, C. (1 December 2023). Walmart launches shoppable ‘Romcommerce’ series. Supermarket News.; Wall Street Journal. (4 December 2023). Rom-com meets shopping? Why Walmart launched a shoppable series. (Video.) Wall Street Journal.

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