Wednesday, November 21, 2007

College Kids (Millennials) Don't Know Everything

College age kids don't know everything about marketing:
An article from Ad Age Magazine: Millennials: Clued in or Clueless?

1. COLLEGE STUDENTS ARE NOT THE TARGET FOR MOST PRODUCTS

2. THE AVERAGE HOUSEHOLD INCOME DOES NOT SUPPORT A CLEANING LADY (OR AN IPHONE)

3. THERE ARE MORE OLD PEOPLE THAN YOUNG PEOPLE

4.FACEBOOK IS AN ADVERTISING-SUPPORTED, COMMERCIAL SERVICE

5. SERVICE MARKETING IS MORE THAN A LATTE WITH A SMILE

6. RETAILERS, NOT MANUFACTURERS, SET THE PRICE

7. IT'S ILLEGAL FOR ADS TO LIE

8. 98% OF PRODUCT PLACEMENTS ARE PAID

9. MOBILE PHONES AND IPODS ARE NEW MEDIA

10. BRANDS INFLUENCE BUYING BEHAVIOR

I know the young generation would like to believe the world revolves around them - but it just isn't so. Simply marketing 101.

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