Results 11 to 20 of 37
Thread: Target's invasive marketing strategies
-
-
-
- Join Date
- 02-13-07
- Location
- Fort Worth, TX
- Posts
- 42,785
- Post Thanks / Like
- Blog Entries
- 5
02-26-12, 05:57 PM #13Re: Target's invasive marketing strategies
It is not that we are content with it, it is that what are the alternatives? Unless you go off the grid, as in solar electric, water well, grow your own food, make your own clothes, etc then what are your alternative options? Shop at Wal-Mart instead? I am sure they don't do it too, just Target, right?
-
-
- Join Date
- 11-13-07
- Location
- Plano, TX and Ruston, LA
- Posts
- 32,364
- Post Thanks / Like
- Blog Entries
- 43
02-26-12, 06:10 PM #15Re: Target's invasive marketing strategies
enf-Jesus its been like 12 minutes and you're already worried about stats?! :-P
Bigdog-Sweet home Alabama you are an idiot.
-
02-26-12, 06:18 PM #16
Re: Target's invasive marketing strategies
I'm not content at all, but it's sorta old news for me. I got a chance glimpse into the belly of this beast quite some time ago, and I used to work with large data sets trying to tease information out of them. I have friends who worked in the check clearing and credit card industry (Dex is right, credit agencies and VISA know lots about you).
I don't use "shoppers club" cards at the grocery store. I don't sign up for "rewards" programs. I'm not a tin-foil-hat guy (though seriously, if I was, would I know it?). It's a power balance issue for me. People who use these schemes are giving away valuable things for free, and permanently lowering their future economic power.
Every economic transaction is, at least partly, a bargaining process. It shows up mostly when you buy things like a car or a house. For example, you don't go into a car dealership and say "ZOMG! I LOVE that color. I have to have this one today. Is this price on the car the price I should pay? Because that's ok with me!" The more they know, the less power you have in the bargaining.
The same is true for, well, everything. There are things in grocery stores that used to go on sale, and now they never do. The sort of data collected when everyone swipes a "shoppers club" card at the checkout will quickly show them what items have a very low price elasticity of demand. That is, if they go on sale, people don't really buy that much more. If the price goes up some, people don't really buy less (the particular items that's true for can vary by location).
That's just the beginning. Good cross-sectional data let's them know their customers generally, and they get that just by tracking inventory. It's the longitudinal data that's really powerful (that is, the data for each person over a long period of time), which is what those club cards give them. This is a divide-and-conquer strategy. In economic terms, it's called market discrimination - dividing a market into sub-sets and offering different terms to the several segments. In this case, they have divided their market as far as it can go.
I'm not out on the street corner ranting about evil corporations and the number of the beast - because I'm not That Guy. But I avoid having my data collected when I have the option. If anyone asks me, I encourage them to make a similar choice.
This problem exists on the web too. My .hosts file has been evolving for a very long time.
Cheers,
AetheLove
-
02-26-12, 06:18 PM #17
Re: Target's invasive marketing strategies
-
- Join Date
- 11-13-07
- Location
- Plano, TX and Ruston, LA
- Posts
- 32,364
- Post Thanks / Like
- Blog Entries
- 43
-
02-26-12, 06:33 PM #19
Re: Target's invasive marketing strategies
You don't have to opt out of normal human society (though I guess that's an option). You can not use the club cards that collect the data. One place where I lived, the local store would swipe the managers card for you if you asked. You can use cash more frequently. I still have credit and debit cards, but I use cash pretty frequently. I feel better about it too - I'm not paying a 3% tax to VISA for the privilege of having my personal data collected and stored.
There's other stuff. You do what you can. Me and my data-nerd friends used to amuse ourselves by poisoning the data collected by local stores. I'm sure it made no long-run difference, but it was worth a few laughs.
Cheers,
AetheLove
-
- Join Date
- 01-28-07
- Location
- Arizona
- Posts
- 13,490
- Post Thanks / Like
- Blog Entries
- 5
02-26-12, 07:05 PM #20Re: Target's invasive marketing strategies
Well as someone who loves marketing/advertising (not watching adverts mind you though), I couldn't help but kind of love this. That much data is like porn to marketers. Granted, as people have said, it isn't the newest thing. Also, rather Target do it to offer me deals on crap, then the government do it to offer me something worse...
Oh, way off-topic (and not sure if anyone has them) but if I recall there are or they are making shelving that can tell how long a customer stands in front of a product, and (again going off memory) I think it could tell where you were looking.
Also, it gives you the humor of wondering what the person reading the database would think when you are buying condoms and dog food
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Bookmarks