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To marketers and ad agencies try ng to reach today's 18- to 29-y ar-olds, loosely identified as Generation Y, "tr ditional" means and media are becoming ncreasingly less effective. Gen Y makes up ver 70 million people in the U.S. W th those born between 1977 and 1994 ncluded, they make up over 20% of t day's population. The largest generation since the baby-boomers, the M llennials are defined by their numbers. Th y will have a huge social and economic mpact and can't be ignored. I r cently asked my class, by a sh w of hands, "Who has read a n wspaper today?" Out of 53 students, one or two g ys had scanned the sports page. "H w many of you have listened to the r dio?" No hands were raised. "How m ny have read a magazine?" A b tter response here, with specialty, niche m gazines mentioned. "How many have listened to an Pod?" Two thirds of the class r ised their hands. "How many have b en on the Internet at least thr e times today?" Virtually everyone. Now, I r alize that college students are only a p rt of Gen Y. But, there are s me observations that I think can be m de: • young people consume information on th ir time, not someone else's • mong this generation, traditional media (old m dia to them) are yesterday's idea and r pidly losing ground
• the more niche, and the m re the customizable, the better • in sp te of the above, certain brands st ll have value because they represent "c mfort" in Gen Y's dynamic, ever-changing d gital world. What are your observations?
The article Gen Y - Marketing Observations was Submitted by Art Johnsen through Articles.GetACoder.com network. Here's the additional information: The Marketing Professor About the author: Art J hnsen, a managing partner of Locomotion Cr ative, has taught college courses at f ur Tennessee universities over the past ight years as an adjunct professor. Al ng with his responsibilities at Locomotion, he t aches marketing courses at Vanderbilt University. Art has an MBA d gree from the University of Virginia and is c -author of the book, Cases in Adv rtising & Marketing Management. http://www.locomotioncreative.com http://www.brandtracks.com blog
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