Primal Shopper: Unlocking Shopper DNA to Power Your Marketing

Eric Bowe

The nature of shopping seems very random – like shopper journeys intertwined in a retail chaos. The reality is our shopping behaviors are quite orderly, consistent, and predictable. Shoppers have innate motivations driving their decision making – think of it like a Shopper DNA. Hosted by Eric Bowe, the author of Primal Shopper, this podcast focuses on the primal motivations driving our shopper behaviors and how to apply this knowledge to improve your marketing. The audience for this podcast are marketers, entrepreneurs, and anyone who is interested in why we shop the way we do.

  1. 12/16/2019

    Episode 16: Three Questions defining the 2019 Holiday Shopper

    We are in the midst of the holiday shopping season. To celebrate the holiday shopping season, I thought I would do a reprise of last year’s holiday episode (Fight, Flight or Buy. The impact of the Holiday Retail Season on your Shopper DNA) mashed up with several questions I found interesting for the 2019 shopping season. The questions come from several news articles and the holiday marketing barrage. My curiosity was piqued by several articles and made me wonder if it was hype or real. So, for this episode, I combined the holiday mindsets in my book with a few headlines and had some fun with it. To this end I discuss the following questions: Are we at a cyber-tipping point for online holiday shopping? It seems like online shopping is dominating the marketing buzz, but is this hype or reality? I look at the current level of online shopping and project how quickly I believe online shopping will grow and why. Are holiday deals, Black Friday, and Cyber Monday just becoming seasonal white noise? This is an interesting shopper-centric topic. We are inundated with massive amounts of ads promising savings on our holiday shopping. However, if everyone is promising a deal, how effective is the marketing during the holiday season. Also, what is the impact if you do not offer a deal. So, is the shortened holiday shopping season affecting the timing of how we shop?Okay, the holiday shopping season between Thanksgiving and Christmas is six days shorter this year. You find articles in the press predicting shop-ageddon because of the reduced time. I discuss the impact (or not) of the shortened time period and which mindsets are affected. I hope you enjoy the episode. Happy Holidays everyone!

  2. 10/29/2019

    Episode 14: A Twist on Marketing Planning: Reverse ROI meets the Dark Side of the Moon

    It’s that time of year as many marketers set budgets for 2020. While there are different ways to set your marketing budget, I want to offer up a bit of a twist. Sort of a provocative approach based on three factors: primal habit, marketing investment, and target contribution to revenue. I begin the podcast by talking about a concept called Reverse ROI. Fundamentally, this concept is based on a simple question: If you were to spend zero marketing dollars in 2020, how much revenue would you accrue? The answer to this question is your primal habit line. It is the estimate of how many people buy on habit (or loyalty), therefore marketing does not affect their decision. Clients have different habit lines based on their customers frequency if purchase, and habitual nature. For example, in grocery the line can be 80 to 90 percent, in travel about 50 percent, and low-frequency durable goods can be below 20 percent. In this podcast, I discuss how your marketing dollars are an investment designed to reach your revenue goals by making up the difference between the habit line and goal. It’s an interesting premise worth a listen … but it doesn’t end there. To achieve the revenue goal, I go a little retro by using Pink Floyd’s the Dark Side of the Moon, or to be more specific visual on the album cover. For those who aren’t familiar with the album cover it is a visual of a prism. This metaphorically represents how most clients must break down their budget to understand how each target contributes to their revenue goal. Think of it this way: the light beaming into the prism represents the gap between the habit line and revenue goal. The different colorful light beams emanating from the prism represents the different targets you need to appeal to in order to meet your goal. In the podcast I detail this approach and use a travel example to bring it to light. Worth noting is this is an example on how to use a Primal Shopper survey. The survey not only isolates opportunity targets based on different motivation, but it also identifies media and information sources influencing each target’s purchase decisions.

  3. 07/15/2019

    Episode 11: How we shop Amazon Prime Day

    Amazon’s Prime Day is upon us, again. There is plenty of chatter out there on great deals, how to shop Prime Day, and how other retailers are trying to take advantage of Amazon’s big day, but very little on how (and who) Prime Day is affecting. The goal of this podcast is to look at 5 Why’s behind Prime Day including: How the true Deal Seekers approaches Prime Day. What shopper typologies does it appeal to (and which could care less) A comparison and contrast between Prime Day and Black Friday Prime Day’s impact on the Back to School Shopper Has Prime Day become a ritual yet? If so, for who? In addition to the 5 Why’s, I will discuss the future of Prime Day based on shopping behaviors and trends from Amazon’s brand actions. Specifically looking at their fight with Google to own the Smart Home and with Walmart to increase the share of the Deal Seekers in the retail marketplace. Links from the podcast: Fortune: Prime Subscriber Estimates: https://fortune.com/2019/01/17/amazon-prime-subscribers/? Retail Dive: Participation Estimates for Prime Day: https://www.retaildive.com/news/8-things-to-know-about-prime-day-2019/558096/ Yahoo Finance: Prime Day Competition: https://finance.yahoo.com/news/amazon-prime-day-deals-target-walmart-160343272.html Krazy Coupon Lady: Amazon Prime Day Shopping Tips: https://thekrazycouponlady.com/tips/money/amazon-prime-day-shopping-tips Check Amazon Prices on Camel: https://camelcamelcamel.com/ Smart Speaker Household Share: https://voicebot.ai/2019/03/07/u-s-smart-speaker-ownership-rises-40-in-2018-to-66-4-million-and-amazon-echo-maintains-market-share-lead-says-new-report-from-voicebot/ eMarketer: Prime Membership Forecasted Growth: https://www.emarketer.com/content/more-than-half-of-us-households-will-be-amazon-prime-members-in-2019

About

The nature of shopping seems very random – like shopper journeys intertwined in a retail chaos. The reality is our shopping behaviors are quite orderly, consistent, and predictable. Shoppers have innate motivations driving their decision making – think of it like a Shopper DNA. Hosted by Eric Bowe, the author of Primal Shopper, this podcast focuses on the primal motivations driving our shopper behaviors and how to apply this knowledge to improve your marketing. The audience for this podcast are marketers, entrepreneurs, and anyone who is interested in why we shop the way we do.