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TEEN MARKETING
INTRODUCTION
Teen marketing is the promotion of products and services to teenage
consumers through the use of endorsements, product placement, and the
support of events in which they attend. Effective authentic teen marketing
campaigns not only create more brand awareness, but they also help ensure
future success of the brand through long-term brand loyalty. Common forms
of teen marketing include viral marketing, college marketing, buzz
marketing, and guerilla marketing. Thanks to the enormous economic might
of the teenagers, there is a mad rush among marketers to target this very
lucrative and exciting segment. Marketers are harnessing all the resources at
their command to fire up the imagination to teenagers and storm their way
into their impressionable minds. But this is easier said than done. To peep
into the complex psyche of teen consumers. Marketers have to ponder over
issues related to their personal psyche, social context and the general
environment around them. Though this article is partly drawn from the
American context, the general observations and universally applicable.
MEANING
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CONCEPT
Teens are persons in the age group of 13 to 19. Of late, they are being
targeted by many multinational marketers for selling their product.
Marketers are adopting new strategies to attract these teenagers and thereby
harvesting huge revenues from this segment. This article focuses on the
current scenario of marketing to teens, its concerns and problem.
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GROWTH OF THE TEEN MARKET: A RESULT OF
INCREASE IN BUYING CAPACITY
Increase in the size of the teen market from the 1980’s onwards due to the
remarkable improvement in buying power. Primarily through professional
school and summer jobs, teens have started to earn more than their parents.
This means they have a lot of money available to spend on luxury electronic
items, latest music albums, vacation, restaurants etc.
Studies conducted in the US indicate that the average teenagers there append
as much as $4000 a year. Only 37% of the teen’s income comes from their
parents, and the rest is earned by taking up jobs. Further, online expenditure
by teenagers has increased quite rapidly
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OVERVIEW
The youth sector plays a key role in overall Asia Pacific mobile data market
development. The key applications include messaging, ring-tones,
wallpapers, logos, games, music and videos, and others. The total youth
mobile data services revenue reached $15.2 billion in 2004, and the forecast
growth rate is estimated at 15.3% from 2004 to 2010.
Because of the importance of the youth sector in the Asia Pacific, this report
covers and forecasts top youth applications as well as youth subscribers, by
country for 13 countries, in the region. Additionally, assessment is provided
on the handset providers and how their products are positioned to compete in
the Asian Mobile Youth Market.
KEY FINDINGS:
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- Ringtones, screensavers and wallpaper accounted for another 29.7% of the
youth market followed by games at 9.7% and video, still nascent, at 6.5%.
"Asian Youth Mobile Trends: Devices, Data, and Multimedia" covers the
Asia-Pacific mobile communications market with an emphasis on the impact
of the region's youth market segment. It includes mobile data market
forecasts for the total Asia-Pacific market and for the youth segment from
2004-2010. It also contains carrier profiles and analysis of market
opportunities and trends in the youth market.
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STRATEGIES FOR MARKETING TO TEENS
Teens are the major brand ambassadors for the product decision in
their family. And they are emotionally attached to a brand once they
decide and adopt it. Therefore, advertisements now try to influence
teen in a big way.
2. BANKING ON BIGGIES:-
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4. THE POWER OF MUSIC:-
Remember the music compose for airtel mobile, which attracted lakhs
of youth in particular? Now we see it in all their mobile as a ringtone.
This was a successful strategy of using pleasant music and sound
effects to enhance the reach of advertisements.
Mobile marketing has been catching on at a rapid pace over the past
couple of year. Many corporate are using the facilities of instant
messaging and text messaging to propagate their marketing messages.
Almost all of us are receiving messages through our cell phone
service providers regarding the variety of offers, ring tone download,
caller tone download etc.
6. ONLINE ADVERTISING:-
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respond to, product they have immense liking for, and the kind of
messages that they listen to with rapt attention.
13. BE AUTHENTIC:-
When marketers reach out to teens, they should keep authenticity in
their minds. Teens are smart enough to see through spurious
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advertisement and may turn down product and companies that they
think are deceptive.
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They have plenty of discretionary income.
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failure. Marketers should not ignore the difference in genders as well. So
when marketers want to analyze the teen segment, boys and girls should be
viewed independently.
Today’s teens live in the era of radical technological changes and affluence.
As a result, their attitudes, behavior and culture mores demonstrate certain
unique characteristics:
They thrive on the presumptions that are killjoys, and they do not
want to end up living their lives in the similar stressful manner.
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Teens strive for success. Being good at one job and possessing
complete control over one’s personal and professional lives are the
teenager’s barometer of success.
Teens are used to living with paradox. They do understand that the
choices they make are likely to being mixed fortune.
2. Self-esteem:-
Initially, the teens do a lot of introspection. They are driven by the
need to have a strong and healthy self-esteem. They are constantly
learning to deal with their own full-blown ego. Mainstream
acceptance, unqualified love, and good success are very critical for
fostering a healthy ego and a strong teen identity.
3. Streak of independence:-
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A strong need of independence rushes through the veins of teenagers
which often manifests in the form of taking unilateral decision. They
may not go by the judgment of parents or other adult. For instance, it
is not uncommon to find teenagers going on shopping sojourns on
their own or with peers. This gives them a stratospheric level of
independence.
5. Changing in location:-
Teenagers will have to relocate from the place where they spent a
sizeable part of their lives to a terrain, which is new, strange and
unfamiliar. In their bid to create a familiar setting around them,
teenagers are susceptible to spend on things they desire.
7. Pester poster:-
Today’s teenagers are becoming more voluble in airing their pet
peeves, their desires and aspiration. They are becoming more
demanding, unlike the like the teen of the 1970’s and 1980’s, who
swore by the sage judgment of their parents. Today’s teenagers do not
mince words. They may exert pressure on their parents to have things
their way. Euphemistically speaking, this is what is called “pester
power”. Pester power is one of the most important factor which every
marketers should understand and cash in on.
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PERCENTAGE SHOW TEENS AND ADVERTISING
TRUST BY MEDIUM
The teen segment has enormous power to make or unmake brands. There are
two major factors that are impacting the current generation of teenagers and
the way in which they act and think. The first and foremost factor is
technology. For all practical purpose, teen do not perceive technology as a
trailblazing innovation. Basically, they look at it as an extension of their own
persona; markets may tom-tom about new great through and cutting-edge
innovation. But for teenagers, it is a way of life.
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In addition, there are five important changes, which impact teenagers
drastically:
1. FINANCIAL RISK:-
The current crop of teenagers is used to living on debt. They feel
that buying thing on credit helps them live comfortably and in
uninhabited freedom. At a same time, this leads to heightened
anxiety, forcing the teens to take a “predator and prey” stand.
2. ROLE MODELS:-
for many teens, the role models emerge within their family. Teens
share a string bond with parents, with its own share of ebbs and
flows. For many of them, the mother always has salutary impact on
the minds of teens.
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4. LEADERSHIP:-
“Everybody is somebody leader”. Teenagers always look upon
well-informed teens as a source of inspiration. From a teenager’s
standpoint, a person is perceived to be an expert because he or she
is hosting television channel. Celebrities appearing on television
shows can be self professed and their credibility may be
manufactured. But teenagers cotton on to each and every sound
bite mouthed by the “most happening celebrity.
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SWOT
STRENGTH:
1. Your specialist marketing expertise.
2. A new, innovative product or service.
3. Location of your business.
4. Quality processes and procedures.
5. Any other aspect of your business that adds value to your product or
service.
WEAKNESS:
1. Lack of marketing expertise.
2. Undifferentiated products or services (i.e. in relation to your
competitors).
3. Location of your business.
4. Poor quality goods or services.
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5. Damaged reputation.
OPPORTUNITY:
1. A developing market such as the Internet.
2. Mergers, joint ventures or strategic alliances.
3. Moving into new market segments that offer improved profits.
4. A new international market.
5. A market vacated by an ineffective competitor.
THREAT:
1. A new competitor in your home market.
2. Price wars with competitors.
3. A competitor has a new, innovative product or service.
4. Competitors have superior access to channels of distribution.
5. Taxation is introduced on your product or service.
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others are targeting teens, which is not a good sign, especially in a country
like India.
Teens often feel insecure about their appearance and popularity among
peers. Manufacturers of tobacco product such as cigarettes make use of these
insecurities and put forth attractive advertisement. These give teens a wrong
message that smoking can help them become emotionally strong,
independent and attractive. But reality is quite the opposite. Smoking can
isolate teens from largely lead to a hazardous, lifelong habit and life-
threatening diseases. Unfortunately, as very few people being to smoke
during their adult life, the obvious targets for tobacco companies are teens.
CONCLUSION
The teen market segment offers enormous potential for marketers and they
are well within their right to benefit from it. But at the same time, marketers
should demonstrate social responsibility, so that they market the right
product and in the right manner. Teens too must be watchful about deceitful
and enticing advertisement and false promises made by companies in order
to promote their product. They can take the guidance of their parents and
other elders while shopping. Parents should keeps the door of
communication open so that there teenage children feels comfortable about
discussing their feeling and concern, so that the shopping and purchase
experiences turn out to be beneficial and not detrimental to their long term
welfare.
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BIBLIOGRAPHY
1. www.marketingteacher.com
2. www.researchandmarkets.com
3. www.Googlebook.com
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