Pester
Power!
Marketing
to the kids could be your passport to growth. Companies
are using this segment to rake in profits
Britannia
Khao, World Cup Jaao - a campaign that was a rage, especially
among the kids during the 1999 cricket World Cup. Thanks
to Kidstuffs Promotions and Events (KPE), the brainchild
behind the campaign, Britannias products were picked
up from the shelves like hot cakes. Britannia even launched
a new biscuit called Multi-vita just for the kids aged between
one to three years.
What
does all this imply? Where are marketers heading? The kids
market has grown by leaps and bounds an indicator
being the increased usage of basic need categories. Not
only that, the usage has reached beyond the basic need categories.
Kids want more and they want it now!
The
middle class family is value-oriented, upwardly mobile,
and harbours big ambitions for its little ones. The downside
is that their involvement with a particular brand becomes
temporary. Kids change dramatically as they grow and are
notoriously unpredictable, hence marketers will have to
offer paths of continuous upgradation to retain them. Lego
has understood this very well and introduced the concept
of continuous innovation in their products with building
blocks.
Kids
being the centre of a familys aspirations, parents
are more oriented to investing in children. In most US homes
for instance, the choice of computer is dependent on kids.
For
most marketers, achieving a high involvement relationship
with both parents and the kid is a priority. Parents react
hysterically to brands that try to hook their little ones.
Women may be a marketers delight, but with the arrival
of the second child she becomes a budget-conscious housewife,
preferring to recycle old stuff when needed. Montu wears
the clothes that his older brother, Raju has outgrown.
Advice
to young mothers helps sell baby products especially when
endorsed by a doctor. Wipros Baby Soft
proved doomsayers wrong in its ability to compete against
Johnson & Johnson. This was done by using a renowned
paediatrician in its advertising, to dispense advice on
teething problems in infants. However, brands that try to
dislodge conventional wisdom should be careful while targeting
conservative mothers. No mother would like to be told that
the knowledge imparted to her down the years, by her mother
and grandmother was wrong.
The
toy market in India is huge, estimated at Rs. 350 crore.
This is one sector that will boom further. Wise parents
allow their babies to follow their instincts, within safe
boundaries. Sometimes, a greater degree of creative freedom
is given to the child, to explore his hidden talent. This
unfortunately for parents, translates into destruction of
toys, leading to more purchases. Parents prefer safe toys
that last long. Though the result often is boredom and breakage.
The toys in demand are ones that offer fun, education and
variety. Lego claims to provide all this and
more.
Children
being vulnerable are easily influenced by ads on television
and this activates pester power, i.e. where
the children harass their parents to purchase products they
want. With the increase in number of working couples, the
childs pester power becomes inversely proportional
to the time available with parents. They might buy a product
if it shows promise of satisfying or quietening them temporarily.
Considering
the above, a marketer must try to develop a strategy, which
targets the kids and influences them totally, so that next
time they are out with their parents, they get what they
want! Impulse purchases due to POP promotions also play
an important role, too.The marketer must capitalise on this
aspect and design baby/kids products, which offer
value for money, are eco- friendly and of superior quality.
Build brand equity and you will build profits!.
Further
Reading:
1.
Twinkle in the buy
Mudgil, Varun
A & M, 31st May 1998.
2. Kids Stuff? No way
Singh, Mayanika
A & M, 31st May 2000.