Wall Street Journal Microtrends Column: Boss Nation by Mark Penn

Wall Street Journal Microtrends Column
By MARK PENN with E. KINNEY ZALESNE
From The Wall Street Journal Microtrends Column
Published August 3, 2009

It’s a common lament in America that we spend too much time working for “the man.” But these days, more and more of us are the man.

According to the Census, more than 10 million Americans are self-employed, up from about 8 million in 1980. Even more telling, the number of “non-employer firms” — businesses with no payroll — recently topped 20 million, up from 15 million in the late 1990s. A lot of people with jobs also have businesses on the side they hope will become big enough to support them.

And so the term “boss” today applies to a lot more of us than ever before.

Read the Full Article

The Leonard Lopate Show: Mark Penn discusses Microtrends, now available in paperback

Mark Penn was on WNYC’s Leonard Lopate Show discussing the ever-splintering subsets or “microtrends” that Americans identify with, including the new microtrends that have emerged since the financial downturn.

Listen to the show below or at wnyc.org:

Wall Street Journal Microtrends Column: Lifestyle Inequality: The Habits of American Elites by Mark Penn

Wall Street Journal Microtrends Column
By MARK PENN with E. KINNEY ZALESNE
From The Wall Street Journal Microtrends Column
Published July 16, 2009

There’s always been lots of talk in this country about income inequality, but very little about lifestyle disparities, differences which are pulling American elites farther and farther away from mainstream America.

These disparities can be as profound as any class distinctions related directly to income; they go beyond having a bigger house, a nicer car or fancier vacations. America has always frowned on the idea of an “aristocracy,” but American elites today are increasingly creating their own separate world of activities, removed from the everyday pursuits of average Americans.

Read the Full Article

Wall Street Journal Microtrends Column: Smartphoniacs: Addicts of the Information Age by Mark Penn

Wall Street Journal Microtrends Column
By MARK PENN with E. KINNEY ZALESNE
From The Wall Street Journal Microtrends Column
Published July 7, 2009

Among everybody from our leaders to our teenagers, no habit is spreading faster than being connected 24/7 via a smart phone.

Its penetration in the U.S. is estimated at 18%, and it seems that everywhere you turn, people are using their smart phones in new ways and in new places. Samsung recently estimated that it expects 500 million global smart-phone users by 2012. Actual phone calls are becoming extinct compared with handheld texts and email messages — whoever thought people would prefer typing to talking? But the evidence appears to say they do.

This has also given rise to a group of people — the top 10% of smart-phone users — who just can’t stop. They are the smartphoniacs, the true addicts of the information age.

Read the Full Article

The Times: Women are victors in ‘mancession’

Women are victors in ‘mancession’
Gender roles are being rewritten in America as men bear the brunt of job losses

THE economic crisis is sweeping away men’s jobs at a faster rate than those of women in America, heralding the onset of a so-called “mancession”.

New unemployment figures have revealed the biggest gap in jobless rates between men and women for more than half a century. The shifting pattern is redefining gender roles and challenging the status of men as family breadwinners.

…Mark Penn, Hillary Clinton’s chief strategist during her presidential election campaign, calls the new generation of men “guys left behind”. The ultra-wealthy multi-millionaires still tend to be men, but the pay gap is closing for people in their twenties. Men are also finding themselves in greater numbers at the bottom of the heap.

“There is a statistically significant and growing group of guys who are just not going to make it,” Penn wrote in The Wall Street Journal last week.

Men, he pointed out, are outstripping women in all the “downers” in life – there are more felons, more alcoholics, more drug addicts – and they generally die first. While Penn’s own patron, Clinton, failed to crack the White House glass ceiling, it was unthinkable for Barack Obama to appoint a male Supreme Court justice to replace David Souter – instead he went for Sonia Sotomayor, the first Hispanic nominee…

Forbes: The Latest On Microtrends, an interview with Mark Penn, CEO of Burson-Marsteller

The Latest On Microtrends: An interview with Mark Penn, CEO of Burson-Marsteller

Size matters. But perhaps not always the way we think it does. When politicians and marketers around the globe spend their resources trying to uncover the next big thing, they may be overlooking something even more valuable–the next “microtrend.” That term was coined by Mark J. Penn, chief executive officer of the public relations firm Burson-Marsteller and president of the polling firm Penn, Schoen & Berland Associates, and author of the best-selling book Microtrends: The Small Forces Behind Tomorrow’s Big Changes…

Forbes spoke with Penn to find out about what some of the next microtrends might be.

Forbes: What exactly is a microtrend?

Penn: A microtrend is a small–but growing and passionate–group of people that is changing the face of society. A microtrend may never grow larger than 3 million people, or roughly 1% of the U.S. population, but those people have unmet needs that they are passionate about. And 3 million passionate people are by far enough to make or break a business, tip an election or trigger social change. So if businesses, politicians and others who would move society want to be on the leading edge, they need to pay attention to these small, growing, counterintuitive groups.

Why should we care about something that represents just 1% of the population?

When you hit that 1%, you can drive a tremendous amount of change. The top-selling car in America makes only about 400,000 sales. If you sell a couple of hundred thousand books, you have a best-seller. Consider that only about 3 million people gave money to President Obama’s campaign. That demonstrates the enormous impact that a small group acting on its passions can have. And that’s just in the U.S. Think about what happens if you sell to 1% of the Chinese population. Or to 1% of India. In these mass societies, and in our globalizing economy generally, 1% of the marketplace is an enormous opportunity.

Read the full article

DMA Point Magazine: The New American Shopper by Mark Penn: How Business Can Make the Most of the Current Economic Climate

DMA Point Magazine: The New American Shopper by Mark Penn

Read The New American Shopper by Mark Penn and Kinney Zalesne, featured in the Direct Marketing Association’s Point Magazine (Spring 2009)

Wall Street Journal Microtrends Column: Where Are the Republican Hybrid Buyers?

Wall Street Journal Microtrends Column
By MARK PENN with E. KINNEY ZALESNE
From The Wall Street Journal Microtrends Column
Published May 1, 2009

A closer look into the accelerating trend of buying hybrid vehicles

Unless you are willing to buy a windmill, the biggest green purchase out there is buying a hybrid car. Recently, the 1 millionth hybrid in the U.S. was sold, out of 135 million cars on the roads today.

That makes hybrid-buying a microtrend, and it is an accelerating one. While constituting less than 1% of all cars, hybrids represented approximately 2.5% of all new cars sold in March 2009 (21,000 of 858,000 cars sold). And it is up from 15,000 a month in March 2006 when overall car sales were a lot higher.

Hybrid buyers are far from typical car consumers. They also are far removed from the image of the budget-conscious motorist buying a hybrid to save some hard-earned scratch. I know one Prius owner who has two cars — a hybrid and a stretch limo — and carefully chooses which car to use, for an evening out or a trip to the mall.

Early hybrid buyers have been buying the cars less for their fuel efficiency than to make a statement about who they are. Just as owning a Mercedes used to scream luxury and refinement, so hybrids have been about forgoing luxury and making sacrifices to help save the planet. Sometimes that statement has been a sincere effort by environmentally concerned citizens who are spending more than they have to help us cut down on carbon emissions. Other times people buy hybrids just for the panache of it.

Read the Full Article

Mark Penn posts follow-up to his Wall Street Journal Microtrends Column: America’s Newest Profession: Bloggers for Hire

Wall Street Journal Microtrends Column

Mark Penn Responds:

People have raised questions about the calculations on the numbers of bloggers for hire. First, I was surprised at how few studies there are on this and I believe there definitely should be more. So perhaps in the future I will do some original research, but for this piece we took the best we could find and referenced every number so people would know where they came from.

There is no question that the blogosphere, fast-growing as it is, has yet to nail down one way to measure itself or gauge its activity. But the most comprehensive sources we could find, conducted by reputable professionals, say there are over 22 million bloggers out there; and that 2% of bloggers are making their living blogging. Do the math, and you get roughly 450,000. It’s a fast-growing group and we ignore their needs, and influence, at our peril.

As far as the $75,000, the Technorati report says that of those bloggers who had 100,000 or more unique visitors, the average income is $75,000. True, it’s not the median, but it is the average. We can quibble about how easy it is to make this kind of money — but the point is, the huge potential is there.

Read more details on the sources and calculations

Wall Street Journal Microtrends Column: America’s Newest Profession: Bloggers for Hire

Wall Street Journal Microtrends Column
By MARK PENN with E. KINNEY ZALESNE
From The Wall Street Journal Microtrends Column
Published April 21, 2009

In America today, there are almost as many people making their living as bloggers as there are lawyers. Already more Americans are making their primary income from posting their opinions than Americans working as computer programmers, firefighters or even bartenders.

Paid bloggers fit just about every definition of a microtrend: Their ranks have grown dramatically over the years, blogging is an important social and cultural movement that people care passionately about, and the number of people doing it for at least some income is approaching 1% of American adults.

Read the Full Article

--->