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Additionally, the packaging itself plays a big role in shaping the consumer’s decision. An article by Sarah Nassauer in the Wall Street Journal described how Hershey Co. recently began selling miniature versions of its chocolates in resealable bags, as opposed to separately wrapping each piece. Sales of unwrapped miniature chocolate in the new bags rose about 14%, compared to only 4% growth in the sales of wrapped chocolates. Consumers associated this new packaging with convenient on-the-go eating, as they no longer had to deal with unwrapping each candy and disposing of the wrapper afterwards. Likewise, consumers also believed the candy in resealable bags would stay fresh longer than similar candies in containers that did not re-seal. Thus, it is important to study consumer trends in the marketplace when choosing how to market your product in-store through packaging design.
From my analysis of these two articles and my studies at Northwestern, here are three action items I recommend you initiate:
From my analysis of these two articles and my studies at Northwestern, here are three action items I recommend you initiate:
- In-Store is Critical - Don’t undervalue the importance of in-store marketing.
- Colors Communicate - Choose packaging colors based on what you want to communicate to your consumers about the product, as well as the colors of the competition.
- Key Trends - Consider current trends, such as consumers eating-on-the-go and valuing goods that come in convenient, portable packaging, when designing products.
As the research shows, sub-optimal product packaging may be costing you dollars and market share in your most valuable markets. Following these action items could not only save your products, but strongly impact how consumers perceive your brand as a whole.
Hayley Buch is an undergraduate student at Northwestern University, studying Integrated Marketing Communications, Psychology, and Sociology. She is interested in consumer psychology, and applying psychological concepts to the field of marketing. Hayley will be graduating in June 2013, and can be reached on her twitter handle @hayleybuch.
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