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Topic : Predicting Consumer Trends for 2010
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By : Purvi Ghosh, Marketing analyst, Percept Advertising
Industry : Advertising/PR/MR/Events Functional Area : Branding
Activity:  5 comments  513 views  last activity : 07 06 2010 20:18:04 +0000
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Next year will see the global consumer becoming more savvy, more connected, more outspoken and harder to please, according to a recently released report.

Ten Trends for 2010, by trend analysts trendwatching.com, suggests that the relationship between the society of tomorrow and business brands will fundamentally change next year, meaning that brands will be forced to become bolder and more inventive to stay relevant.

Among other ideas, trendwatching.com suggests that instant social messaging services such as Twitter will change the way that we get reviews, and there will be more city-themed products as the world grows ever-more urban.

Going green and being charitable are likely to become easier (mandatory, in fact), as both will be integrated by governments and companies to be included in legislation or products. Meanwhile, luxury will no longer be about money -- 2010's consumers are likely to embrace what is unique rather than what's expensive.

Finally, consumers next year will recognize the value of their online presence and begin taking care of it -- eventually leading to a digital afterlife where a deceased individual's online presence is entombed much like a physical one.

10 Trends of 2010

1 Business as Unusual

Trendwatching.com believes that business needs to "move with the culture" to mirror today's diverse, networked and chaotic society. Expect to see more Google-esque brands that break the mold, promoting transparency or honesty, having conversations instead of advertising or perhaps displaying generosity rather than greed.

2. Urbany

"Urbanization on steroids" throughout 2010, 2011, 2012 will make "city" culture more sophisticated, demanding, connected and daring. Consumers will be open-minded and prone to challenge the status quo. There will also be a growth of products themed around urban centres, such as Absolut's Los-Angeles vodka or Guerlain's Paris - Moscow perfume fragrance.

3. Real-Time Reviews

Powered by real-time social networking such as Facebook and Twitter, consumers will exchange ideas and reviews instantly online. The implication? Magazine reviews are the things of the past. Our friends will give us their opinion, we'll have instant access to the most popular apps, games or films online and we have a social link with the reviewer to ask questions.


4. Luxury

Post-crunch, luxury is back, says trendwatching.com. But this time, it's defined by more than just what's big and what's expensive. Think unique, invite-only, temporary, eco-friendly, personalized or anything else in short supply, rather than costly.


5. Mass mingling

Dire predictions of a virtual reality world in which consumers sit behind computers haven't materialized -- yet. 2010 will be the year of social networking for real-life networking; events organized online but happening in the real world. Consumers will use the online world to meet more people and have impromptu gatherings based around common online interests.


6. Eco-Easy

The Green agenda will still be big, but it will be easier to do. Expect either more regulation to force society to do things we'd like to do but never get round to, or innovative brilliance that convinces consumers to do them anyway. Recent examples include green taxes or unilateral decisions by major chains to stop selling certain products.


7. Tracking and Alerting


Consumers will know what's going on, where, faster than ever. Current examples such as parcel tracking will be expanded so that we're in the know about virtually every aspect of our lives -- whether it's train delays on Twitter, food menus by email or GPS location tracking of friends.

8. Embedded Generosity

Closely related to eco-easy; being nice will get easier. There will be more products for sale with built-in donations (a variant on the popular (RED) AIDS-charity) and customers can expect their buy-one-get-one-free extra to be donated to charity instead of themselves.

9. Profile Myning

Consumers will get more savvy about the data held online on personal profiles (Facebook, Twitter, mySpace etc) and begin using companies to make money from it. This trend could be seen as a natural evolution of Google AdWords, but in 2010 we'll begin prizing our online lives more. Firms that safeguard or back up personal data will flourish. Especially when we die -- digital afterlife services are expected to flourish.

10. Maturialism

Trendwatching.com predicts that 2010 will be raw, opinionated and risqué. Consumers are no longer underinformed and inexperienced, so expect brands to be daring and diverse to grab our attention.

 Top Comment : Makrand Bhave   | 12 23 2009 08:09:15 +0000
Great article indeed Purvi and insighful too!! The years to come in actuality represent greater dependability on the net based functionality. Networking will be of prime importance. Luxury was never behind to be back Purvi. It was and will always remain right there - LUXURY!! :)) thanks for the referral. :)
 
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5 comments on "Consumer predictions for 2010"
  Commented by  Vivek Kundnani, Freelancer, Freelancer    | 01 20 2010 12:04:53 +0000
Great article Purvi! Thanks for sharing. 
  Commented by  Kashif Billal, Design Manager, Fashion Designer    | 01 04 2010 08:52:26 +0000
Rating : +1 
Beautiful & Knowledgeable!!!!
Bravo!!!
  Commented by  Shiuli Mukherji, Film Producer, Global Films Malaysia    | 01 04 2010 08:40:11 +0000
Rating : +1 
Thanks Purvi, "The act of putting pen to paper encourages pause for thought, this in turn makes us think more deeply about life, which helps us regain our equilibrium." Hoping 2010 does some what this.
  Commented by  Makrand Bhave, Marketing & MICE, WIZCRAFT INternational    | 12 23 2009 08:09:15 +0000
Rating : +1 
Great article indeed Purvi and insighful too!! The years to come in actuality represent greater dependability on the net based functionality. Networking will be of prime importance. Luxury was never behind to be back Purvi. It was and will always remain right there - LUXURY!! :))

thanks for the referral. :)
  Commented by  Khalil Qureshi, Civil Engineer-Other, Magnus Incorporation    | 12 22 2009 14:28:41 +0000
Rating : -1 
Nice article thanks for sharing.
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