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Crafters As A Target Group For Lowe's Target Segment Summary Target's Psychographic Summary
Crafters As A Target Group For Lowe's Target Segment Summary Target's Psychographic Summary
Media Plan
Likes crafting
Wants to save money
Likes to decorate
Home improvement
Wants to earn money
Female
Married
45-64
$50,000+
Client Description
Company Overview: Lowes was founded in 1946 and started out as
a small hardware store. Since then, the company has grown to a company
dedicated to total home improvement and has been traded on the New York
Stock Exchange since 1961. Lowes retail customers include homeowners
and renters looking to complete do-it-yourself projects and some do-it-for-me
projects. The companys two largest categories of professional customers
include construction and trade, and maintenance, repair and operations.
These two trades account for 30 percent of Lowes total sales (About Lowe's).
Lowes offers different programs to help support their community that
focus on K-12 education and community improvement projects. One program
is the Lowes Toolbox for Education. The program is currently in its ninth
year of operation and has provided over $35 million to more than 8,000
schools across the country. Schools and parent groups can apply for this
grant and receive up to $5,000 to help improve the school (Toolbox For
Education).
Another program is Lowes Heroes. The program encourages
employees in a location to work together, adopt a volunteer project with a
local nonprofit organization or K-12 public school, and make a difference
(Lowe's Heroes). Rather than just funding improvement projects, Lowes
takes the time to actually donate their time and help non-profit organizations
complete their projects.
The third Lowes program is called the Lowes Charitable and
Educational Foundation. The foundation was founded in 1957 and since has
been dedicated to supporting public education and community improvement
installment to help make customers lives a little easier. They also deliver
during all days of the week.
If youre buying plants, Lowes provides a one year plant guarantee
that if your product doesnt survive one year they will replace it with a new
one. The company offers consumer credit cards for those making regular, or
large purchases that gives you five percent off every purchase made. There
are Build and Grow clinics offered that are designed to teach children how to
safely complete a variety of projects. They also offer a paint matching
service, translation services, free computer project design, in-store
consolation and design services, and they also cut, assemble and load all
products if necessary. There are in-store educational work-shops that teach
home safety and home protection. A ten percent discount is also offered to
those who have served in the military (In-Store Services).
The products offered by Lowes include anything and everything that
revolves around the home and home improvement. The product categories
featured under the Shop tab on the website include: appliances, bathroom,
building supplies, electrical, flooring, hardware, heating and cooling, home
dcor, kitchen, lighting and ceiling fans, outdoors, paint, plumbing, storage
and organization, tools, and windows and doors (Home Page).
Target Audience: Crafters
Introduction: Crafting is something that all ages can take on as a
hobby. Crafting isnt limited to just one kind of project in one specific area.
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There are many things people could do and directions that it can be taken.
Even the reasons why people craft are unending it seems. A crafter can be
anyone from someone on a budget looking to save money by doing things
themselves, or someone with an unlimited budget who simply likes to craft
for the satisfaction of doing something for themselves. There are even those
who rely on this as a main source of income, or just extra money on the side.
Psychographic Elements of Target: There are many different
factors that contribute to why crafters do what they do. Not only can crafting
save money, it can also earn the crafter money by selling what they make.
According to the 2011 CODA (Craft Organization Development Association)
Review, 50 million Americans made artisan crafts. Of those 50 million, 5
million of Americans made part of their income off artisan crafts, and of the
50 million, 30,000 to 50,000 Americans relied on artisan crafts as their main
source of income. Another reason people craft is that they simply enjoy the
experience and quality of doing something for themselves and knowing they
control the quality of craft (Williams). Most crafters between the ages of 1834 desire to craft is driven by a recent life changing event like buying a home
or having a child. Crafters ranging from 35-54 are usually driven by the want
to be energy efficient. Lastly, crafters who are 55 or older take on projects
along the lines of home repair and preparation for growing old in their home
(Williams). People who craft usually have a need to make projects their own
or to personalize them. Sometimes for people who craft, craft doesnt even
mean the project needs to be completely by them, but that they get to make
the decisions so that the finished project feels as if its their own (Williams).
Crafting is not defined by one kind of project, but many different kinds
that satisfy the different needs of crafters that I have described above.
According to the 2011 CODA Review, some different segments of crafting
include: home dcor, furniture, clothing, jewelry, kitchenware, tools, toys,
and lighting. There are certain things crafters fear when beginning a project
and according to Burst Media Online Insights (DIY Home Improvement), 20.8
percent of crafters fear they will go over budget, 16.5 fear unexpected issues
will arise, and 6.2 percent fear they will be dissatisfied with the results of
their projects.
Demographic Elements of Target: According to the Standard Rate
and Data Service, the average age of a crafter is 52.4 years. Of all ages
who craft, most seem to fall into the age range of 35-64. Married couples
account for 65.1 percent of total crafters, while single females account for
26.3 percent. Home owners represent 72.1 percent of crafters and when
referencing the stage in family lifecycle the largest categories are
represented by married 45-64 (21 percent), married 65 and up (14.4
percent), married with child under 13 (12.8 percent), single 45-64 and
married with child between 13-18 each represent 11.4 percent. As for
household incomes, those who make $50,000-$74,999 account for 21
percent and those who make under $20,000 account for 19 percent. When I
referred to the Age by Income section I noticed that 45-64 year olds who
make $75,000 and above account for a larger percentage. Looking at this
information I believe the best target audience is married couples between
the ages of 45-64 who make $50,000 and above. In almost every household
statistic, ages 45-64 were those most represented. Most households are who
make $50,000 and above account for 47.3% of total crafters and more
crafters are married couples than single male and females combined.
How Target Aligns with Lowes: Lowes aligns with the target in a
number of ways. On the Lowes home page under Ideas and How-Tos there
is an entire section dedicated to woodworking and crafts and other
categories include activities that fall under the different crafting segments
like repair and maintain and decorate and entertain. These links give
customers ideas on what projects to start next and other kinds of inspiration.
Lowes also helps crafters with the services that they offer.
Lowes is very adamant about helping their customers learn the howtos and best ways to get projects done through their in-store workshops and
services. Since a big part of crafting is saving money, Lowes customer credit
card that helps save 5% on every purchase is very beneficial to people who
craft on a regular basis. If they buy their supplies they will always end up
saving money. Lowes also offers a multitude of design services that will
produce designs for home improvement projects and allow the customer to
do the hands-on work if they desire. Last, any project a crafter wants to take
on, Lowes has a product category that could incorporate well with any
project. Crafters can make a variety of things like their own furniture for
example. Lowes offers its customers the products to get projects like that
done. If the crafter wants to make furniture for their home, Lowes can supply
the wood, tools, hardware and paint for to complete the project.
Besides projects and services, Lowes also offers their customers the
products to get them started on their projects. They have tools, building
supplies, hardware, paint and other kinds of products available to serve the
customer in their crafting projects; such as home dcor, furniture,
kitchenware, tools and lighting like I mentioned before in the psychographics
section.
Media Plan Targeted to Reach Crafters
Introduction: This media plan is designed to boost Lowes advertising
in the most efficient and beneficial way possible. In my opinion the media
vehicle I have chosen to advertise through in magazines, TV, Internet and
search are optimal strategies to give Lowes the best return possible and
reach the target audience in the most efficient way. Magazines are the
highest priority followed by Google keywords, Internet then TV.
Media Plan Schedule: I chose to advertise to crafters in May, June
and July. My thought behind this is that the weather will be nice enough for
crafters to work outside or in their garages. I think the kinds of products
Lowes can offer crafters are for bigger projects that require a lot of space to
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Magazine Choices:
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different city.
Website Choices:
o HGTV.com- I chose this website because it ties in with the
magazine and TV advertisements campaign for the entire
HGTV brand. HGTV in general reaches a large audience
made of people who enjoy crafting and home improvement
projects who potentially want to save or earn money. Their
audience fits the psychographics of the target group
Lowes is trying to reach. The site has a large amount of
traffic that comes to it, including crafters. It would be crazy
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in search engine results for DIY. The site gives its visitors
pictures and ideas of what can be crafted at home. It offers
a wide-array of projects to be done, but because it doesnt
receive a lot of visitors I bought the least amount of
impressions.
Google Keywords:
o DIY projects- Crafters are people who want to take on
projects for themselves, so DIY projects would probably
be one of their first searches to come to mind.
o Woodworking projects- Crafting can involve many things,
woodworking included, so crafters who enjoy working with
wood would most likely type a key phrase such as this to
look up new project ideas. Lowes also has wood products
available to their customers so this would be a good key
phrase to invest in.
o DIY furniture- A big crafting trend is creating your own
furniture, but not all furniture is an easy do-it-yourself
project. This key phrase would be beneficial to crafters
looking for what they can do in this area.
o Painting tips- Lowes has a wide-array of painting products,
and crafters looking for the best way to go about painting
projects would easily look up paint tips into their search
engine.
o DIY craft projects- Crafters may need some inspiration
when coming up with ideas, this search would bring up new
ideas for crafters to start.
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buck. The goal wasnt to save money, but its important that money
doesnt get wasted on inefficient advertising.
Bibliography
Lowe's. About Lowe's. 2014. 20 February 2015. <http://media.lowes.com/aboutlowes/>.
. Careers. 2014. 20 February 2015. <http://careers.lowes.com/>.
. Home Page. 2015. 20 February 2015. <www.lowes.com>.
. In-Store Services. 2015. 20 February 2015. <http://www.lowes.com/cd_InStore+Services+_745829091_?storeId=10151&langId=1&catalogId=10051#top>.
. Lowe's Foundation. 2014. 20 February 2015.
<http://responsibility.lowes.com/community/lowes-charitable-andeducational-foundation/>.
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