If You’re Not Focusing on Women Buyers…Then You’re Probably Overlooking Your Largest Market!

If You’re Not Focusing on Women Buyers…Then You’re Probably Overlooking Your Largest Market!

Why? Because they are America’s biggest consumers. According to Martha Barletta, author of Marketing to Women:

Women influence 95% of all purchases and control 80% of all household spending.

She specifically points out their spending habits in these categories:

  • Domestic Products

“Buying the ‘small stuff’ has always been in the woman’s domain. Part of her domestic duties as wife and mother has been to keep the family healthy, warm, and well nourished. From the family meal to the family doctor, from shirts for her husband to shoes for her kids, chances are those choices have always been hers.

“What many marketers haven’t caught onto yet, though, is that women’s spending power now extends far beyond shoelaces and shirts.”

  • Big-Ticket Items

“In the past, the big-ticket items like cars, insurance policies, and major appliances were historically bought by – and therefore marketed to – men. Things have changed! Nowadays, women need their own cars, their own computers, their own cell phones, and their own investment accounts – among many other new big-ticket items – and so manufacturers are facing a whole new market.”

  • The Buying Power of Single Women

“Get this: Single women head 27 percent of households in the United States. Did you register that? More than one out of four U.S. households! Thus, a substantial portion of the market for cars, computers, and cell phones, for instance, is dominated by women serving as sole decision makers.”

  • The Buying Power of Married Women

“Looking at married households (55 percent of U.S. HH), the fact of the matter is that the woman of the house spends not her own paycheck but a good deal of her partner’s as well. She still handles all the domestic spending. And when it comes to the big-ticket items, not only is she buying her own products – like the single women above – but she also has a disproportionate say in the shared decisions, such as cars, investment accounts, and family vacations.”

So, what’s the “take-away” from all this information? Again, it’s that – Women influence 95% of all purchases and control 80% of all household spending.

About Marsha Friedman
Marsha Friedman launched EMS Incorporated in 1990. Her firm represents corporations and experts in a wide array of fields such as business, health, food, lifestyle, politics, finance, law, sports and entertainment. She consults individuals and businesses on a daily basis and is frequently asked to speak at conferences about how to harness the power of publicity.

3 Comments

  1. Thank you for the article. I have delivered personal & professional development seminars for nearly 40 years and women have most always been in the majority of those in attendance. They are then usually instrumental in referring their spousees and or male friends.

    Reply
  2. Quite frequently I’m looking for these types of statistics (women as the chief financial officers of their home/family) so it would be nice to have a place to come whenever they’re needed.

    Reply
  3. Usually it is the MOMS who come with the children to the story times I have at various venues…so the children convince the MOMS to purchase the book, which I then sign with the child’s name and a personal note…sometimes it is the GRANDMA or an AUNT or a FRIEND who is the buyer…never overlook an opportunity to connect with your audience whether they are young or young at heart! You must be able to do ‘eye contact’ and ‘one on one’ with your target audience.

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *

Subscribe To Marsha's PR Insider!

Join our mailing list to receive the weekly PR Insider and you'll receive our ebooks, The Power or Publicity for Your Business and The Power of Publicity for Your Book, instantly!

You have Successfully Subscribed!