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Age Subcultures

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Age and Consumer Identity. Figure 15-1: Household Income by Age. Attractiveness ... Federated Direct, which owns Bloomingdale's and Macy's, had to adjust its ... – PowerPoint PPT presentation

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Title: Age Subcultures


1
Age Subcultures
2
Age and Consumer Identity
  • Age Cohorts My Generation
  • A Sense of Shared Identity
  • Shared Experiences
  • Shared Memories
  • Nostalgia Appeals

3
Figure 15-1 Household Income by Age
4
The Teen Market
  • Attractiveness of the Teen Market
  • Teen Media
  • Brand Loyalty
  • Purchase Influence
  • Fashions and Trends

5
Figure 15-2 The U.S. Teen Population
6
The Teen Market
  • Coolness
  • Four Themes of Conflict Common to All Teens
  • Autonomy Versus Belongings
  • Rebellion Versus Conformity
  • Idealism Versus Pragmatism
  • Narcissism Versus Intimacy
  • Researching the Youth Market
  • Appealing to the Youth Market

7
Appealing to the Youth Market
  • Tweens
  • Children aged 8 to 14
  • Speaking to Teens in Their Language
  • Rule 1 Dont Talk Down
  • Rule 2 Dont Try to be What Youre Not. Stay
    True to Your Brand Image.
  • Rule 3 Entertain Them. Make it Interactive and
    Keep the Sell Short.
  • Rule 4 Show That You Know What Theyre Going
    Through, but Keep it Light.

8
The College Market
  • Changed Media Habits
  • Attractive market because they have yet to form
    brand loyalties
  • Campus Newspapers
  • Wall Media
  • Event Marketing

9
Appealing to Young Brides
  • Federated Direct, which owns Bloomingdales and
    Macys, had to adjust its strategy because of the
    younger age of todays brides.

10
The College Market
  • Four Key Segments
  • Cynical Disdainers
  • Traditional Materialists
  • Hippies Revisited
  • Fifties Machos

11
Baby Busters Generation X
  • Born Between 1966 and 1976
  • Stereotyped inaccurately as alienated, cynical,
    and lazy
  • Advertising campaigns that tried to appeal to the
    stereotype failed
  • Actually an entrepreneurial generation
  • Desire stable families after being latchkey
    children

12
Baby Boomers
  • Born Between 1946 and 1965
  • Economic Power He Who Pays the Piper, Calls the
    Tunes
  • Impact on MarketTastes
  • More active and physically fit than previous
    generations
  • Baby Boomlet

13
The Baby Boomer Age Cohort Has Had an Enormous
Impact on Our Culture
14
Many Boomers are interested in maintaining a
youthful appearance. Botox injections are the
newest craze.
15
The Gray Market
  • Gray Power Seniors Economic Clout
  • Gray Market
  • Account for more than half of all discretionary
    spending in the U.S.
  • In many product categories, seniors outspend
    other age groups
  • Understanding Seniors
  • Autonomy Leading active lives and being
    self-sufficient
  • Connectedness Bonds with friends and family
  • Altruism Giving something back to the world

16
The Gray Market
  • Perceived Age Youre Only as Old as You Feel
  • Chronological age Actual number of years lived
  • Perceived Age How old a person feels
  • Feel-age How old a person feels
  • Look-age How old a person looks
  • Many marketers emphasize product benefits rather
    than age appropriateness

17
Modern Maturity Appeals to Older Adults in This
Ad With This Visual Picture and Headline
18
Echoing the Saying, Youre Only As Old As You
Feel, These Ads Remind Us That a Persons
Perceptual Age Often Does Not Correspond to His
or Her Chronological Age
19
The Gray Market
  • Product Adaptations
  • Packages sensitive to physical limitations
  • Serving sizes
  • Mature Marketing Messages
  • Prefer ads that provide abundant information
  • Not amused or persuaded by imagery-oriented ads
  • Basic guidelines for advertising to the elderly
  • Simple language
  • Clear, bright pictures
  • Action attracts attention
  • Speak clearly, low word count
  • Single sales message emphasizing brand extensions
    for familiarity
  • Avoid extraneous stimuli

20
  • Zoomers Sony sells about 1/3 of its products to
    consumers age 50 and older.
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