Marketing to Teenagers
Marketers of
yesteryears were always assured that this gambit will work like a charm and
they will laugh their work way to the bank but not any longer. Reaching out
today’s teenagers can be a hair-raising exercise. Today, marketers have to
wander through individual tastes and requirements. Homogeny is passé.
Individualism is vogue. Today’s generation of teenagers are also smart, savvy,
hyper-stimulated, data crazy, media hungry, techno literate and sweetly
irreverential.
Teen marketing is the promotion of products and services to
teenage consumers through the use of endorsements, product placement and
support of events which they attend.
Why focus on Teens?
v They have plenty of discretionary
income.
v They spend family money and also
influence their parents on both big and small purchases.
v They shape and impact new fashion and
lifestyle trends.
v They hold a mirror to our society.
Factors that are influencing
Teenagers:
The teenagers have enormous power to make or unmake brands.
The two major factors that are impacting the current generation are Technology
& Economy. Others factors that impact the thinking of teens are a greater
sense of freedom and strong moral makeup. In addition, there are five important
changes, which impact teenagers drastically.
Financial Risk Hitherto Unheard of: They feel that buying things on
credit helps them live comfortably and uninhibited freedom.
Role models-not too far away: for many teens, role
models emerge within their family.
Radical change in the Information Realm: Studies reveal that an average teenager spends close to nine hours per
week on the phone, and the networking spreads far & wide.
Leadership: Teens always
look upon well-informed teens as a source of inspiration.
Teenagers Discover their own World: for teenagers, the dividing line
between reality and non-reality often gets blurred. Teens like to listen and
watch simple stories.
No doubt teen consumers wield
substantial Economic might & hold a mirror to the future. Hence, marketers
need to develop a keen understanding of the nuances of teen customers. A
successful teen marketing programme must provide a strong basis of for
fostering brand loyalty and growth amongst the current crop of teenagers and
well in to the future.
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