Parents today are willing to buy more for their kids because trends such as smaller family size, dual incomes. As well, guilt can play a role in spending decisions as time-stressed parents substitute material goods for time spent with their kids. Here are some of the strategies where we need to work on : Pester Power : Today's kids have more autonomy and decision-making power within the family than in previous generations, so it follows that kids are vocal about what they want their parents to buy. "Pester power" refers to children's ability to nag their parents into purchasing items they may not otherwise buy. Marketing to children is all about creating pester power, because advertisers know what a powerful force it can be. ("Persistence" and "importance.") This latter method appeals to parents' desire to provide the best for their children, and plays on any guilt they may have about not having enough time for their kids. Building brand name loyalty: Marketers plant the seeds of brand recognition in very young children, in the hopes that the seeds will grow into lifetime relationships. According to the Center for a New American Dream, babies as young as six months of age can form mental images of corporate logos and mascots. Brand loyalties can be established as early as age two, and by the time children head off to school most can recognize hundreds of brand logos. The Internet: The Internet is an extremely desirable medium for marketers wanting to target children:
Privileged Commercialization in education: School used to be a place where children were protected from the advertising and consumer messages that permeated their world—but not anymore. Budget shortfalls are forcing school boards to allow corporation’s access to students in exchange for badly needed cash, computers and educational materials. Marketers are eagerly exploiting this medium in a number of ways, including:
Buzz or street marketing: The idea is to find the coolest kids in a community and have them use or wear your product in order to create a buzz around it. Buzz, or "street marketing," Buzz marketing is particularly well-suited to the Internet, where young "Net promoters" use newsgroups, chat rooms and blogs to spread the word about music, clothes and other products among unsuspecting users. |
If Our Product Range:
Ø Comics
Ø Activity Books
Ø DVDs
Ø Miscellaneous
Ø T-Shirts
· Comic stores (Owned / Franchisee / Dealer ship).
· Throw Traditional supply chain (DSR).
· Venue sales and Canopies
· Modern trade marketing.
· Online (Own site / others –eBay & Amazon…)
· Buzz marketing
· The Internet.