We’ve recently been looking into current consumer trends, such as Found Content: Recession Proofing Costs. In this article we talk about how consumers are now spending more on essentials and less on luxury in the wake of economic downturns. It is important that brands are not being insensitive with their messaging in regards to their audiences’ financial positions. This is especially true for luxury item brands. Yesterday, we posted the 2023 consumer trends from a GWI Report that shows consumers are beginning to exhibit even more particularity with their budgets going into the new year. Consumers’ top three reasons to decide to buy from a brand right now are quality at 53%, cost at 36% and trust at 32%.
Found Content in Holiday Marketing & Advertising
We recently read an interesting article from AdAge about the state of holiday marketing this year and according to them, “promotional tops emotional.” Honestly, it makes sense with the state of the economy being what it is right now. The financial uncertainty during these times makes for a more discretionary consumer. That being said, we firmly believe that you don’t have to remove one to use the other. Why not use promotional and emotional messaging? You can have your cake and eat it to.
