Youth of India is earning much more as compare to working youth of yesterday years n this clearly gives him an advantage as far as purchasing power is concerned.he earns more spends more n exprmnts more so though he will be spending but at the same tym he will be spending on different brands.marketers need to understand this before planing any mrktng strtgy.
By
Abhimanyu Chauhan, Manager H.R.(Recruitment), Siddhivinayak Corporate Services
| 02 16 2011 08:38:43 +0000
Youth today are more brand conscious than we were. Marketers are bombarding brand messages and with the availability of multiple touch points, I think their influence in purchase is very high, sometimes even to the extent of being an expert, if you please. They are the quickest to adapt and spread the news (good or bad) through word of mouth (WOMM). There's a ready market out there and the marketers are fighting for their mindspace. The flip side to it is the fact that the marketers need to be quick and innovative. That is the challenge.
By
Gowrishankar.A , Client Servicing/Key Account Manager, Digitas India
| 11 20 2009 10:28:19 +0000
marketers really don't need to work hard according to me these days, youth buys stuff just like that and they really dont care how a ad turns out to be or how a marketing campaign is done, if the product is really good and the customer is satisfied, and if that product has a word of mouth in the market. then thats it, that will be more than enough. Yes Youth today are really a silver spoon generation for marketers.
By
Smita Dalvi, Sales/BD Manager, Hewlett-Packard
| 11 18 2009 07:44:08 +0000
It is easy to support this side of the debate, just see the number of shopping malls that have sprung up in last 5 years the numbers are astonishing and cities have become more flashy with all the brands that are there to go for and even rural part of India is also going in the same direction where second tier cities are also doing great business. And the major contribution is more from the younger lot than others.
By
Purvi Ghosh, Marketing analyst, Percept Advertising
| 11 17 2009 08:18:02 +0000
Sorry, but one of-course can form a strategy or product if one can read the pulse of the youth. For example, bikes always fascinate youth & young, at a time manufacturers were hesitating to cross the psychological barrier of 50000/-, but after product like Pulser caught the heat, we have CBRS & Hayabusas here.
By
ujjval jain, Retail, Retail
| 11 11 2009 15:12:26 +0000
with the surge in employment opportunities and consequential increase in earning ability, is the reason that aspirational Indian youth is leaning towards certain lifestyle that brands and marketeers can cash on.todays youth want everything at very instant and are ready to pay for it.so ,sensing the right need at the right time with appropraite action plan can do wonders for a brand.youth channels can act as catalyst for a brand since most of the youngsters are religious followers of these sources.
By
kawaljit kaur, pgdbm student , Mount Carmel Institute of Management
| 11 11 2009 13:32:51 +0000
Yes, we can say that consumption patterns are changing, but its not due only youth factor, its the global patterns we are living with, our rather liberal & free economy, that has reaping benefits of rising income level & awareness. Moreover foray of global brands, media, net all that are catalysts to this process. Youth is always youth, its what resources they have, decides their consumption patterns whatever may be the generation.
By
ujjval jain, Retail, Retail
| 11 11 2009 12:13:57 +0000
I think it is a great opportunity for the marketers as the youth in india are brand conscious. They are opting for luxurious brands and are using credit cards for payment. So marketers can create new brand with high price which the youth is ready to buy and pay.
By
Meena Deshmukh, Product/Brand Manager, Videocon Inds
| 11 11 2009 11:50:15 +0000
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Just because the youth are spending does not exactly mean they are doing it blindly. As a part of that culture I can assure you of one thing. Being the hard earned money of those same youths a big investment is made only after some overnight research to establish credibility, and not investments on the basis of someones silver tongue. If the marketers and brands have to make a profit they have to play more than just smart. They have to deliver the goods too. Its not some jeans or brand items after all thats in point here!
By
Anthony G., Freelancer, Freelancer
| 11 21 2009 19:05:21 +0000
I dont think so. Youth are very frequently changing their style and hence the product of their choice is getting changed often. Their life style is far more stressful than any other generation and they are becoming less brand conscious.
By
K.Ganesan , General Manager, Kerala Ayurveda Limited
| 11 20 2009 13:03:11 +0000
"Product should satisfy the need of the society then it will atomatically gain the Demand from the Market". said by great Piter Drucker. India do have large no. of youth but still large population is still from Rural area where they dont know about the Brand. "Change is only constant" & Youth are also changing and are egar to try the new things which are coming in the Market.
By
Manishkumar Pandey, Technical Person, Classic Stripes Pvt. Ltd.
| 11 17 2009 06:18:51 +0000
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