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A. Innovator
B. Early Adopters
C. Early Majority
D. Late Majority
E. Laggard
When a new product first emerges in the market, it must be accepted by the
different adopters that make up the market.
Understanding Early Adopters and Customer Adoption
Patterns:
Customer adoption patterns are important to understanding
how to market new product for adoption. Without a clear
understanding of what each type of adopter values it can be
difficult, if not impossible to target them through marketing.
1. Innovators
2. Early Adopters
3. Early Majority
4. Late Majority
5. Laggards
Innovators:
Innovators are the first customers to try a new product. They
are, by nature, risk takers and are excited by the possibilities of
new ideas and new ways of doing things. Products tend to be
more expensive at their point of release (though some products
do defy this trend) and as such innovators are generally
wealthier than other types of adopters (though in some cases
they may adopt products in a very narrow field and devote
much of their financial resources to this adoption).
Early Adopters:
Early adopters are the second phase of product purchasers
following innovators. These tend to be the most influential
people within any market space and they will often have a
degree of “thought leadership” for other potential adopters.
They may be very active in social media and often create
reviews and other materials around new products that they
strongly like or dislike.
Early Majority:
As a product begins to have mass market appeal, the next class
of adopter to arrive is the early majority. This class of adopter is
reasonably risk averse and wants to be sure that their, often
more limited, resources are spent wisely on products. They are
however, generally, people with better than average social
status and while not thought leaders in their own right – they
will often be in contact with thought leaders and use the
opinions of these thought leaders when making their adoption
decisions.
Late Majority:
The late majority is rather more skeptical about product
adoption than the first three classes of adopters. They tend to
put their resources towards tried and tested solutions only and
are risk-averse. As you might expect, in general terms, this
category of adopter has less money, lower social status, and
less interaction with thought leaders and innovators than the
other groups of adopters. The late majority rarely offer any
form of thought leadership in a field.
Laggards:
Laggards are last to arrive at the adoption party and their
arrival is typically a sign that a product is entering decline.
Laggards value traditional methods of doing things and highly
averse to change and risk. Typically laggards will have low
socio-economic status and rarely seek opinions outside of their
own limited social set. However, it is worth noting that in many
cases laggards are older people who are less familiar with
technology than younger generations and in these cases they
may still have a mid-level of socio-economic status.