Branding starts young and is getting younger.
They are like no other generation. They are turning to TikTok.
They influence their millennial parents, asking for brands they have seen in a video. Defined again by the digital age, they are no older than 13 and born in 2010 or later.
Gen Alpha includes anyone born between 2010 and now, including up next year.
Please note: There are rules and regulation that marketers are not granted complete access to Gen Alpha. There is also the blurring of lines between organic content and paid endorsement.
Research has determined that this group is into environmentalism. and having a positive impact on the earth and our world. I place this example under "People," in my 9P's of Marketing. People are Prospects, Potential Purchasers, Purchasers (Target Market)
In my nine P's, “People” is the concept of attracting, engaging and converting your potential
customers or prospects from the beginning of the process to purchase.
Companies have collected information and data for as long as I have taught marketing.
As a marketing professional, brand manager, client or marketing manager start by
connecting the dots about your potential consumers, actual consumers and users.
You
want to acquire or find prospects and nurture them with your Marketing variables.
o Marketing research has come to the forefront, as organizations are tapping into
customer data and consumer insights not only to better connect with their “People,”
target markets/audiences, but also to develop the “right,” winning business strategies.
Defining a target market or persona requires market segmentation; the process of
segmenting the entire market as a whole and separating it into manageable units based
on:
- Demographics. Demographic marketing segmentation is looking at the potential or
actual buyer’s age, family size, race, occupation, generation, religion, gender,
family lifecycle, ethnicity, nationality, income, education, social class. The
demographics may be segmented into several markets to help an organization
target its consumers more effectively.
- Geographic segmentation could be nation, country, region, city, density, climate.
- Psychographics is the science of dividing into groups on psychological/personality
traits, lifestyle or values.
- Behavioral segmentation, marketers divide buyers into groups based on
knowledge of, attitude, use of or response to a product or service. User status could include occasions, nonusers, ex-users, readiness to buy and loyalty status. Could
be enthusiast, traditionalist, or overwhelmed just to name three.
- Technographics or technographical characteristics. Understanding your potential
consumer. Remember, in the back of your mind, that the reason technology is
phenomenal is because it displaces years, or centuries, of previous technology.
Consumers may or may not have the skills. Think employees here too. The reason
technology skills are transitory is because they will almost certainly be displaced,
too. Look at competing for the customers and not against your competition.
A couple of important points. - In my 9P's, I stress that firms need to look and analyze potential, new, existing and repeat customers and users.
- People in the same demographic groups may be very different in their psychological profiles.
Need sales?
Need more insights into true Marketing and advertising practices and practical examples? Including smart Marketing trivia? Visit right here.
I am an experienced, senior Forensic Marketing Expert, Advertising expert, Advertising/Marketing consultant with Londre Marketing Consultants, LLC.
I created the 9P's of Marketing--Planning, People, Product, Place, Price, Promotion, Partners, Passion and Presentation to solve Marketing and business problems and create Marketing opportunities.
I own a copyright for these Nine P’s/9 P's of Marketing©2007 concepts and Marketing practices, which augment the 1960's Marketing Mix (Product, Price, Promotion and Place) or the 4P’s by the American Marketing Association (AMA), Neil Borden and Jerome McCarthy in the study and practice of Marketing. It's sixty years later and we are in the digital age.
The Nine P's/9P's of Marketing help identify marketing problems in a number of strategic areas and help develop profitable marketing’s objectives, strategies, tactics and solutions. The 9P's are insightful. The nine P's were created for the digital age.
In the study and practice of Marketing, brand, advertising and marketing managers develop plans, strategies and tactics. The Nine P’s include these important concepts, practices and components:
- People (Segmentation and Targeting)
- Product and Services, includes new product development, product mix and product line
- Place (Distribution)
- Price or Pricing
- Planning, including marketing research
- Promotion:
- There are eight (8) major, strategic components or communication elements which are personal and non-personal communication activities.
- The activities that communicate the merits of the overall product include:
- Personal Selling/ Sales Force: Sales persons
- Listen more than you talk. People who listen more, learn more, plus helps you position your service/product/solution or offering.
- Advertising: You may not know that Google, Facebook and Amazon attract 46 cents of every dollar spent by advertisers. Think about this expression "It is only creative if the product or service sells." I wanted to add "It is only good media spending if it sells."
- Sales Promotion
- Collateral Materials
- Direct Marketing (also referred to as Action or Direct Response Advertising)
- Interactive/Internet/Web, Digital Media, Social Media:
- Events and Experiences
- Public Relations/PR
- With inflation at increasing higher levels, we are seeing brick and mortar retailers needing physical traffic to survive. Gas prices at record levels are keeping customers from driving more. One stop shopping is more important than ever.
- Partners/Alliances
- Presentation:
- Passion
For more on ideas, concepts and Marketing solutions: Go to LondreMarketing.com and look under “Articles and Resources” and the 9P’s/Nine P’s ©2007. Specifically you will find them detailed at 9P’s/Nine P’s.
Or for more fun, marketing strategies/tactics and facts: Go to Marketing Trivia with 58 stimulating questions and answers at Londre Marketing Consultants, LLC.