Although previous documented with reference to ice cream’s diversifying segmentation, the emotionally driven framework, or better known as The Mindset Framework, definitely deserves a pedestal of its own for future elaboration and consistent referencing.
The Mindset Framework was born from my thought of what drives people towards indulging in something that is extremely unique and different, mainly with reference to inedible edible looking body care products! But there are many other seemingly rational but rather offbeat choices that the human mind makes, and even some ordinary and mainstream brands and products that consumers devour day after day. Although not all of these are as bizarre as the ones elaborated in the series of Out of Hand Observations that I have begun to collect in chronicles, they nevertheless are impulsive, compulsive, or thought-out purchases. The science of buying is overall driven by emotional decision making.
Broadly speaking the psych of consumers determined by their strong emotional reaction to products. Although these vary between individuals, they can be placed into two broad dimensions: emotional attraction and emotional intelligence, that is, the inner force that binds us to a product and what it makes us feel towards it. If these are weak, they will not induce a trial or purchase. Thus the dimensions for positive (and possibly recurrent) uses vary from strong to very strong. This gives rise to four mindsets, which can be perceived as four target markets, in what I have labeled The Mindset Framework, made for those driven by emotional decision making.
Loyalists are a strong category for all marketers to explore, as these are the ones who have sustained the tests of time and changes in trends to really prove their affinity towards a certain brand or a type of product. Brands who pride themselves with their cultural history and flagship heritage fall into this bracket. Since this target group is less likely to try new things and are perhaps the late adapters of Roger’s adoption curve, this is a market that will be less likely to try the cool, new, and borderline bizarre products that are hitting the markets with the frequency of raindrops in Western Europe. This is the group that in short, will not be bored of the vanilla.
This market segment focuses on social responsibility, and is thus high on emotional intelligence. Responsiblists believe that the benefit of going natural is the new revolution. This segment also enjoys the cyclical nature of products, given that the world is moving back towards finding the origins of products, away from the flashy promises and more towards a true, earthy concept. Given that our ancestors used to use raw ingredients to bathe and pamper themselves, the age groups in this segment are potentially quite variable. A notch further than the loyalty segment, this is one that is appropriate for brands branching out to reach the green phenomenon, or companies starting afresh from a grassroots approach.
High strung on emotional attraction, Passionists seek adventure, as these are the people that will not grimace at the paradoxical or bizarre new face of products that brands are churning out. Rather, this group will embrace them with open arms and minds alike, thus dissimilar to the Loyalty mindset. Due to the more momentary emotional appeal, this market segment would be one that is perfect to target for seasonal variations in consumer and electronic products, which advertise their new flavors, new colors, movie endorsements and splatter consumers with the ‘must-haves’ at any given point in time. This is also the target segment for new businesses with a wildly creative idea as their driving force. Consider this to be a akin to a fad in a fundamental marketing matrix. The risk for marketers is that this group is short-term hype driven with a small memory to match, and may thus forget about their flash favorite when the next new, cool, awesome thing hits the shelves with jazzy promotion and maddening frenzy.
Cliched as the mindset may sound, innovators are the futurists, who recognize the lovemarks from the fads, an ability not prevalent in the Passion mindset. They bring more attraction to the Responsibility mindsets, thus landing them in an enviable position virtually akin to fortune-telling. On identifying the applicability of trends that can be made sustainable and extended into the future, they readily accept these for a longer term appeal, unlike those that are seasonal. Making the responsible trends more sustainable and efficacious, this group thus determines the combination of both Passion and Responsibility. New buzzing trends and even seasonal trends that sell way past the seasonal life are credited to this mindset. Talk about (literal) power in the hands of the consumer!
So, whats your mindset?