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Armed with knowledge about households' ownership of various categories, brands, types, and future purchase intentions, OEMs can undertake the following actions:
- Customize marketing strategies : Tailor marketing campaigns and messages to specific households based on their ownership and future purchase plans, thus reaching out to their target audience
- SKU Development Strategy : Identify gaps in the market and develop new product SKUs or improve existing ones to align with consumer preferences and future demands
- Cross selling opportunities : Identify potential opportunities to create bundled offerings based on purchase plans for next 6 months
- Market expansion strategies : Assess market potential in different regions or demographic segments, helping OEMs identify opportunities for expansion and targeted market penetration.