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Useful Tips If Selling To Generation Y
Generation Ys are those young people aged between seventeen and twenty eight years old, the baby boomer offspring. Some sixty million strong, they are the biggest group to impact on the American scene since the baby boomers. While not quite as large as the baby boomer group, they are ready to grow considerably and to soon rival it in purchasing power.
Some three-quarters of Generation Y go online regularly, the familiarity with this medium no doubt initiated through primary and secondary tutoring that demanded Internet access as a prerequisite. The group's tendency to use this medium as its central communication method should encourage marketers to create ways and means to reach its users.
Members of the Y Generation communicate via email, social networking and video, and they primarily like to send texts. Studies show that large numbers of texts are sent by countless teenagers in any given month. Most Generation Ys have cell phones. Campaigns involving the sending of text messages, therefore, are something for marketers to include in their marketing plan, especially as it is estimated that 75% of all text messages are transmitted by Generation Ys.
Marketing to the children of the baby boomers will not be easy. Boomer brands were not successful in attempts to target the smaller Generation X group, which had to be tolerated. Generation Y, however, is becoming great enough to have an effect on a boomer brand more significantly, simply by ignoring it. Rival brands could also be launched to create a bigger threat. To achieve success in marketing to this group, then, you will need to learn what makes it tick.
Generation Ys have grown up in an even more technologically advanced medium than their parents and react to advertising in a different way. In a lot of cases they are resistant to the traditional marketing channels that appealed to older generations. The entrepreneurs that do manage to grab the attention of Generator Y consumers are finding them in places they are known to visit, for example, the Web, social networking centers, and cable TV.
When you think of the thousands of social networks online, just a few cater particularly for the Generation Y group. Facebook and Twitter are very popular, even though their popularity is associated with a number of groups. Others include: BrazenCareerist.com, 20somethings.ning.com, Unigo.com, myYearbook.com. Each network caters for a variety of Generation Y needs.
Older generations as well as marketers can learn a lot from these networks, to better understand who Generation Ys are and what they're made up of. They don't expect older generations to acknowledge everything about their lifestyle. They simply seek understanding and respect.
To the online marketer, then, learn about what motivates Generation Y. Visit their social networks and get to know them through reading what they are writing about. Your experience there will give you some knowledge on how to market to the needs of Generation Y.
Useful Tips If Selling To Generation Y Generation Ys are on target to become larger than the baby boomer group and will soon compete with it in buying power. To succeed in marketing to this group you will need to learn to think as the group does.
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