The Post-Recession Consumer

As we start to think about a time in the near future called “post-recession”, a good customer detective must also think about how the post-recession consumer will behave differently.  How will consumers prioritize spending and will different groups such as boomers behave differently. 

 

Some new patterns seem clear:

 

  •  Consumers will do a better job of searching for information before they make decisions about products and services….the more a marketer can do to make it easily found the better.
  • Marketers will need to get closer to consumers through multi and cross-channel engagement
  • Marketers need to stress value and quality in addition to price
  • In order to get a customer’s loyalty, marketers will have to engage better than the competition
  • Consumers want positive content and communications

 

There is a lot of information available every day on how the US economy and consumers have been hurt by the recession and much speculation about the consumer mindset.  What are your thoughts?

 

 

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