Billion Dollar Babie$
by Jenna SchnuerThanks to their spending and influence
power, tweens and teens are a marketer's dream. But what's
the best way to reach them, and where should marketers draw
the line?
It's not easy being a teen (or tween) these days. Along with
school, homework, first jobs, first romances, and figuring out who
you really are (not to mention keeping your little brother out of
your room), there's a whole load of marketers doing their darnedest
to get your attention. More than any other generation in history -
even those infamous Gen Xers - the current crop of tweens (ages
nine to 12) and teens (ages 13 to 17) is the apple of the marketing
community's eye.
In 2004, teens alone ponied up about $109 billion of their own
money and another $60 billion of their parents' for purchases,
according to Getting Wiser to Teens, by Teenage Research
Unlimited's president, Peter Zollo. But the dollars don't stop
there: Teens have incredible influence on what people around them
spend. From cars to houses, today's youths are speaking out on what
they want - and their parents are listening.
"If you want to understand consumer culture, [the growth in youth
marketing] is the most important major consumer development of this
era - even more profound than the Internet," says Juliet Schor,
author of Born to Buy: The Commercialized Child and the New
Consumer Culture. Kids are being targeted "almost from birth," she
says.
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