understanding the consumer mindset - wba research

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Understanding the Mindset of Consumers in the Washington, DC and Baltimore Markets Work Technolog y Health Welcome! The presentation will begin shortly. You can listen on your computer’s audio or dial -in at (805) 309-2350 or toll free at (800) 309-2350. Please enter Conference ID: 289-6026

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Page 1: Understanding the Consumer Mindset - WBA Research

Understanding the

Mindset of Consumers in the

Washington, DC and Baltimore

Markets

Work Technolog

y

Health

Welcome!

The presentation will begin shortly.

You can listen on your computer’s audio or dial-in at (805) 309-2350

or toll free at (800) 309-2350.

Please enter Conference ID: 289-6026

Page 2: Understanding the Consumer Mindset - WBA Research

Understanding the

Mindset of Consumers in the

Washington, DC and Baltimore

Markets

Presented by:

Work Technology

Health

Page 3: Understanding the Consumer Mindset - WBA Research

2

Agenda

Background

The Basics

Fido and Fluffy

Work Life

Me and My Community

Healthy Lifestyles

Living with Technology

Inside the Consumer’s Mind

Heroes

Q&A

Page 4: Understanding the Consumer Mindset - WBA Research

3

Background

WB&A’s MarkeTrak® Study established in 1989

2000 – Baltimore-Washington Psychographic Study

2006 – Baltimore-Washington-U.S. Psychographic

Study

2011 – Understanding the Consumer Mindset

Page 5: Understanding the Consumer Mindset - WBA Research

4

Background

Page 6: Understanding the Consumer Mindset - WBA Research

5

Background

Page 7: Understanding the Consumer Mindset - WBA Research

The Basics

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7

U.S. Population: • 308,745,538 people

(+9% since 2000)

• 128,000,000 households

The Basics

Page 9: Understanding the Consumer Mindset - WBA Research

8

Inside the Consumer’s Mind

Baltimore: • 2,700,000

people (+5% since 2000)

• 975,000

households

Washington

: • 5,400,000

people (+14% since 2000)

• 1,800,000

households

Page 10: Understanding the Consumer Mindset - WBA Research

9

A Melting Pot

4%

4%

29%

62%

10%

13%

27%

51%

4%

15%

12%

75%

Asian

Hispanic

Black/African-American

Caucasian

U.S.

Washington

Baltimore

Page 11: Understanding the Consumer Mindset - WBA Research

9%

6% 8%

29%

41%

24%

Baltimore

10

Educated, Affluent and Working

Graduated

College

Median

Household

Income

$52,000

$86,000

$68,000

Unemployment

Washington

U.S.

Washington Baltimore U.S.

Page 12: Understanding the Consumer Mindset - WBA Research

Fido and Fluffy

Page 13: Understanding the Consumer Mindset - WBA Research

Pet Ownership

12

U.S. 57%

Washington 47%

Baltimore 56%

©Gary Larson

Page 14: Understanding the Consumer Mindset - WBA Research

Fido

13

35%

32%

37% U.S.

Washington

Baltimore

Page 15: Understanding the Consumer Mindset - WBA Research

U.S. 32%

Washington 21%

Baltimore 30%

Fluffy

14

Page 16: Understanding the Consumer Mindset - WBA Research

Work Life

Page 17: Understanding the Consumer Mindset - WBA Research

Commuting

16

47

64

42

53

2006 2011

Round Trip Commute (in minutes)

78% of

Washingtonian

s consider

traffic to be a major

problem facing

their

community

versus 51% in

Baltimore.

Page 18: Understanding the Consumer Mindset - WBA Research

8%

13%

10%

43%

93%

15%

11%

29%

54%

91%

Washington

Baltimore

Modes of Transportation

17

Modes Used (in the past 7 days)

Page 19: Understanding the Consumer Mindset - WBA Research

2%

4%

1%

2%

88%

2%

4%

7%

3%

81%

Washington

Baltimore

Modes of Transportation

18

Primary Mode (in the past 7 days)

Page 20: Understanding the Consumer Mindset - WBA Research

5 or less 48% 6 to 20

40%

More than 20

12%

5 or less 39%

6 to 20 39% More than

20 22%

19

Seniority on the Job

Washington (mean=9 years)

Baltimore (mean=12 years)

Years at Current Job

Page 21: Understanding the Consumer Mindset - WBA Research

10%

18%

19%

15%

16%

16%

16%

21%

At Client/Customer Office

CompressedSchedule

Travel OutsideArea

Telework

Washington

Baltimore

Different Ways to Work

20

Page 22: Understanding the Consumer Mindset - WBA Research

Business Travel

21

Page 23: Understanding the Consumer Mindset - WBA Research

Me and My Community

Page 24: Understanding the Consumer Mindset - WBA Research

10 or less 21%

11-30 26%

More than 30

51%

10 or less 28%

11-30 35%

More than 30

36%

23

Years Lived In…

Washington (mean=26 years)

Baltimore (mean=34 years)

Page 25: Understanding the Consumer Mindset - WBA Research

29%

30%

18%

37%

Now Compared to One Year Ago Financially

24

Washington Baltimore

Better Worse Better Worse

Page 26: Understanding the Consumer Mindset - WBA Research

6%

3%

9%

6%

41%

42%

44%

48%

Baltimore

Washington

Don't know Worse Same Better

A Year From Now Financially

25

More than 4 in 10

expect to be

financially better off

a year from now.

Page 27: Understanding the Consumer Mindset - WBA Research

26

Optimism Index

4843

36

21

3338

3035

1810

19

29

54

41

48

26

41 4137 39

30

8

40 39

Baltimore

Washington

Start of

Iraq War

Financial

Collapse

Page 28: Understanding the Consumer Mindset - WBA Research

27

Problems Facing Communities

Washington

Big Problems

Traffic (78%)

Health Care Costs (69%)

Housing Costs (66%)

Fuel Prices (60%)

Job Market (53%)

Public Education (42%)

Crime (32%)

Baltimore

Big Problems

Fuel Prices (73%)

Health Care Costs (71%)

Job Market (65%)

Housing Costs (57%)

Traffic (51%)

Public Education (48%)

Crime (45%)

Page 29: Understanding the Consumer Mindset - WBA Research

28

Community

“I like the

community I

currently live in”

Baltimoreans more likely to

strongly agree than

Washingtonians

About 75% Agree

Page 30: Understanding the Consumer Mindset - WBA Research

Healthy Lifestyles

Page 31: Understanding the Consumer Mindset - WBA Research

Overall Health

30

Excellent/

Very Good

Washington: 66%

Baltimore: 58%

Page 32: Understanding the Consumer Mindset - WBA Research

Weekly Exercise

31

3+ Days per Week

Washington: 64%

Baltimore: 57%

None

Washington: 11%

Baltimore: 17%

Page 33: Understanding the Consumer Mindset - WBA Research

5%

9%

12%

18%

13%

22%

29%

31%

29%

32%

35%

42%

4%

17%

17%

16%

18%

26%

33%

37%

39%

46%

45%

44%

Hunting

Tennis

Basketball

Fishing

Golf

Yoga

Bowling

Hiking

Bicycling

WeightTraining

Jogging/Running

Swimming

Washington

Baltimore

Activity Participation, Past 12 Months

32

Page 34: Understanding the Consumer Mindset - WBA Research

33

Sleep Habits

Only about 25%

get 8 hours of

sleep on

weeknights More than 50%

get 8 hours of

sleep on

weekends

Less than 50%

get “a good

night’s sleep”

every or almost

every night

Page 35: Understanding the Consumer Mindset - WBA Research

Baltimore more likely than

Washington to strongly agree

Overall decrease from 2006 and 2000

34

“My health is more important than money”

80% Agree

Page 36: Understanding the Consumer Mindset - WBA Research

Healthy Living

“I keep up with and try

to follow current health trends”

“I try to eat

healthy every day”

(higher in Washington)

Balt

57%

35

Healthy Lifestyle

Balt

62%

Wash

68%

Wash

56%

Page 37: Understanding the Consumer Mindset - WBA Research

36

“I Value My Doctor’s Opinion”

75%

Agree (about one-third

completely

agree)

Decreasing

agreement (90%+ in 2000)

Page 38: Understanding the Consumer Mindset - WBA Research

Living with Technology

Page 39: Understanding the Consumer Mindset - WBA Research

29%

37%

39%

39%

45%

41%

Internet

DVR/TiVo

On Demand

Washington Baltimore

How We Watch Television

38

Hours spent

watching television

has remained

consistent since 2000

Page 40: Understanding the Consumer Mindset - WBA Research

39

“It is important to keep up-to-date with current

events and news”

Over 80%

agree

• About one-half

strongly agree

• Slightly higher in

Washington

Page 41: Understanding the Consumer Mindset - WBA Research

Newspapers (Washington)

40

News/Information Sources

Internet

Television (Baltimore)

Radio

Word-of-mouth

Magazine

Page 42: Understanding the Consumer Mindset - WBA Research

Cell Phones

41

93%

91% Smartphone

34%

Smartphone 51%

Other Cell Phone 57%

Other Cell Phone 42%

Baltimore

Washington

Page 43: Understanding the Consumer Mindset - WBA Research

2006 14%

2011 66%

2006 14%

2011 57%

GPS

42

Washingto

n

Baltimore

Page 44: Understanding the Consumer Mindset - WBA Research

2006 10%

2011 19%

2006 12%

2011 25%

Satellite Radio

43

Washington Baltimore

Page 45: Understanding the Consumer Mindset - WBA Research

44

iPad and E-reader

7% Balt.

11% Wash.

Washington: 18%

Baltimore: 13%

Page 46: Understanding the Consumer Mindset - WBA Research

Home Computer

45

76%

86% 92%

64%

78%

88%

2000 2011 2006

Washington

Baltimore

Page 47: Understanding the Consumer Mindset - WBA Research

46

Internet

What proportion of Washington-Baltimore

area residents have Internet access? Search X

[PDF] Baltimore-Washington Psychographic Study

File Format: PDF/Adobe Acrobat - Quick View

• 94% in the Washington area (up from 89% in 2006)

• 92% in the Baltimore area (up from 81% in 2006)

www.wbanda.com/.../Baltimore-Washington-Psychographic-Study.pdf

Page 48: Understanding the Consumer Mindset - WBA Research

47

Internet

Washington and Baltimore ALIKE...

• Average 4 hours active Internet use per day

• About 25% spend 6+ hours per day online

Washingto

n Baltimore

Page 49: Understanding the Consumer Mindset - WBA Research

Leader Wash: 8% Balt: 7%

Contributor 18%

Follower Wash: 23% Balt: 19%

Observer 37%

Not Sure Wash: 13% Balt: 19%

48

Internet Engagement

browses others’

content, but

no personal

content posted

posts their own

content, such

as blogs

comments on

or reposts

others’ content

Page 50: Understanding the Consumer Mindset - WBA Research

Leader Wash: 8% Balt: 7%

Contributor 18%

Follower Wash: 23% Balt: 19%

Observer 37%

Not Sure Wash: 13% Balt: 19%

49

Internet Engagement

only manages own

profile page and/or

views others’ content

comments on

or reposts

others’ content

browses others’

content, but

no personal

content posted

posts their own

content, such

as blogs

Page 51: Understanding the Consumer Mindset - WBA Research

50

Internet Engagement

Leader Wash: 8% Balt: 7%

Contributor 18%

Follower Wash: 23% Balt: 19%

Observer 37%

Not Sure Wash: 13% Balt: 19%

posts their own

content, such

as blogs

only manages own

profile page and/or

views others’ content

comments on

or reposts

others’ content

browses others’

content, but

no personal

content posted

Page 52: Understanding the Consumer Mindset - WBA Research

13%

15%

22%

30%

30%

32%

59%

66%

20%

31%

33%

38%

43%

41%

65%

74%

PhotoSharing

Blogs

MessageBoards

Washington

Baltimore

Websites Ever Visited

51

Page 53: Understanding the Consumer Mindset - WBA Research

1%

5%

6%

9%

7%

31%

3%

8%

12%

11%

14%

36%

MessageBoards

Blogs

Washington

Baltimore

Websites Visited Daily

52

Page 54: Understanding the Consumer Mindset - WBA Research

Inside the Consumer’s Mind

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54

Home and Family

Strong feelings,

particularly in

Baltimore, with

about 8 in 10

agreeing.

“My family

is the

center of

my life”

“Owning my

home is part of

the American

dream”

But not as

strong as in

2000 and

2006

Slightly fewer in

Washington

agree.

Page 56: Understanding the Consumer Mindset - WBA Research

More than 80% say they always strive

to make themselves

better.

About two-thirds say they are

happy with where they are in life.

About one-third really,

truly consider themselves an optimist.

55

My Life

Page 57: Understanding the Consumer Mindset - WBA Research

Baltimore Area

56

Leaning to the Left or to the Right

Washington Area

41%

“I consider myself a

conservative”

40%

“I consider myself a liberal”

Page 58: Understanding the Consumer Mindset - WBA Research

57

Tradition

“Tradition is very

important to me” Balt (63%)

Wash (56%)

“A woman’s life is

fulfilled only if she

can provide a happy

home for her family” Balt (26%)

Wash (23%) “I think that things

were better 20

years ago than they

are today” Balt (41%)

Wash (32%)

Page 59: Understanding the Consumer Mindset - WBA Research

58

What I Seek

“I like a lot of

variety in my life“

Wash (58%) Balt (58%)

“I like doing things

that are new and different”

Wash (67%) Balt (62%)

“I enjoy a challenge

“I consider myself an

intellectual”

Wash (69%) Balt (67%)

Wash (79%)

Balt (74%)

Page 60: Understanding the Consumer Mindset - WBA Research

59

What I Like To Do

“I am an

avid

reader”

58%

“I like to travel”

74%

“I like to learn

about art,

culture and

history” 68%

Page 61: Understanding the Consumer Mindset - WBA Research

60

Shop ‘Til You Drop

“I always

look for the

best buy” 76%

“I follow the

latest

trends/

fashions”

19%

Page 62: Understanding the Consumer Mindset - WBA Research

“I like to do business with

companies that do things in a new way”

41%

“I’d rather deal with a person than

deal with a computer or an

automated phone system” Balt (81%)

Wash (72%)

“I never believe the

claims made in

advertising” 31%

61

Doing Business

“I prefer to do business

with locally- or regionally-

based companies” Balt (65%) Wash (58%)

Page 63: Understanding the Consumer Mindset - WBA Research

62

Heroes

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63

• WB&A Market Research is a full-service market research firm founded in

1987 with telephone centers in Crofton, MD and Ithaca, NY.

• WB&A Market Research has experience in a wide range of industries

including transportation, health care, advertising, public relations,

education, financial services, travel and tourism, utilities,

telecommunications and more.

• WB&A Market Research utilizes a range of methodologies, including:

telephone interviews, focus groups, in-depth interviews, intercept

interviews and mystery shopping, in-person self-administered, Internet

and mail surveys.

Q&A

Page 65: Understanding the Consumer Mindset - WBA Research

64

Steve Markenson, PRC WB&A Market Research

410-721-0500

[email protected]

Q&A