1. Spot the next trend(s) as early as possible
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Discover new, under-the-radar products when they first appear on kids' wishlists: Fidget spinners, Hoverboards, Loom bands, Mystery packs, 3D printers, AI, VR, STEAM, Robotics, Movie licenses, Reborn classics.
2. Adjust media spending proactively
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Monitor whether your creative and media are working prior to actual sales by comparing what is on kids' wishlists with ad spending. Increase or decrease advertising accordingly.
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Test if your ad strategy is working by comparing this study's tracking measurement of aided product awareness with changes in media spending.
3. Minimize excessive markdowns
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It is better to price a weak what-should-have-been $199 item at $169 in December than to sell it for $109 in February.
4. Create ad claims for items that rank high on kids' wishlists
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The results of The Kringle Report™ are a great way to let parents, grandparents, and friends know that kids want your brand or product as a gift for the next special occasion.
5. Gauge the future of licensed properties
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Target the right licensed properties by learning how frequently kids want those properties in toys or games.
- Monitor the extent that the life of the license extends beyond the life of the entertainment window.
6. Act on competition before sales even occur
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Get a jump on what retailers and POS information are going to tell you.
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Learn about categories that you do not normally monitor.
7. Hibernate in winter without fear of missing out
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Kids are notoriously fickle. Tastes change quickly. While not a solution to all unknowns in the industry, The Kringle Report™ provides a unique and exciting way to stay informed.
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7 BENEFITS OF THIS STUDY
