The $5 Trillion Opportunity.

The Boston Consulting Group recently surveyed more than 12,000 women in 22 countries about their needs, wants and expectations. For those still in doubt as to whether they should be taking women's expectations into account in their marketing strategies, the press release's sub-title may do the trick: "Emerging $5 Trillion Opportunity Exists for Companies that Systematically Understand and Respond to Women's Needs for Time, Value, Emotional Connections."


According to the BCG study companies are failing to meet the needs of women in five key areas:

1. poor product design and customization for women;
2. clumsy sales and marketing efforts;
3. an inability to address women's need for time-saving solutions;
4. an inability to provide a meaningful hook and differentiation, and
5. failure to develop a community around the brand.

Banking, cars, technology: it's still a man's world.
The study also points out that women still feel left out in the cold by many traditionally male industries such as banking & investment, automotive and technology.

o 49 percent of women said investment companies need to do a much better job of understanding and meeting their needs.
o 48 percent of women are disappointed with the auto industry and cars.
o 47 percent are disappointed with banks; 45 percent with life insurance; 42 percent with physicians and 39 percent with car insurance.

We've highlighted the fact that these industries still all too often ignore women in blogposts and newsletter before.

To those companies that are listening: opportunity knocks! Use your window of opportunity before others wake up!