The Health Product Market During A Recession - Three Strategies For Optimism As Well As Product Positioning
With all the economic system hurtling downward, it is not much of a question of if the economic system is going to affect your company - but to what degree. However, if you are selling health solutions, you've got some reasons to be optimistic. In fact, the health protein product (click the following internet page) industry has got a history of staying strong despite dips in the overall economy. And the reasons behind this staying power bodes well for health products now.
A recent survey conducted by Nutrition Business Journal and Avero Research found that 98 % of American households pay out at least a portion of the budgets of theirs on healthy foods. And much better yet, on average customers reported spending 51 % of the household food budget of theirs on healthy foods.
Now granted, this particular survey was done in May 2008, before the real monetary travails began, but when you appear deeper into customer thinking, you'll get 3 important factors to feel better about your health business' prospects with the next few months.
Furthermore, these three reasons deliver efficient ways to place your products for the altered buyer mindset:
Optimism Reason #1
Optimism Reason #1
People see health like a good investment: This election showed greater than ever that men and women are hurting economically as a direct result of health issues. And as the Avero poll above shows, people are using health, specifically preventative well being, as a criteria for where you can put the dollars of theirs.
People see health like a good investment:
All the more telling, folks see better health as an investment in the careers of theirs. As Cara Morrison discovered in the comprehensive report of her for Packaged Facts, Sport Nutritionals for Active Lifestyles in the US, sports nutrition products aren't only used by people for sports performance improvement but progressively for better performance outside of the fitness center. The rewards of increased energy, higher acuity as well as better physical look resonate with consumers looking for to perform better at the workplace.
And on the company side, corporations are rewarding staff for health that is good as well as investing in individualized trainers as well as gyms to assist them realize it - since they understand how a great deal of this pays off.
Placement Tip #1
Optimism Reason #2
People latch onto health as a product they're able to control:
Placement Tip #2
Optimism Reason #3
Health care things can be satisfying and smart indulgences:
Positioning Tip #3
For even more ideas on how to smartly promote the health options of yours during a recession,