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You Need more Customers: The key is how many you have, not how much they buy.
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- Author(s): Dawes, John1
- Source:
Marketing Research. Summer2009, Vol. 21 Issue 2, p30-31. 2p. 1 Color Photograph, 1 Chart.
- Subject Terms:
- Additional Information
- Abstract:
The article examines marketing research related to product management. A study on brand name products which enjoyed significant increases in sales between 2005-2007 is discussed. The study indicates that brand penetration, which is the number of consumers who purchase a product at least once in a calendar year, is more indicative of the potential for expanded sales that is Average Weight of Purchase (AWOP), which measures how many units of a product are purchased by a consumer in that same period of time. Implications for product management and marketing management are considered.