As Rick & Rick continue their rants, raves and ruminations on marketing, media and popular culture, they turn their attention to a recent ADWEEK article citing research that finds 44% of Millennials think of their pets as 'starter children.'
Anyone who's ever had a child knows just how naive that is, of course. But you can't fault younger Millennials for being clueless about something they haven't yet experienced.
You can, however, fault self-styled marketing gurus who claim there's somehow some secret to marketing to this demographic that only they can reveal.
By now, most marketers understand that demographics are growing increasingly irrelevant. Technology now allows us to target the consumers most likely to purchase our products, regardless of superficial categorizations based on age.
As Fiona O'Donnell, Senior Lifestyle & Leisure for research firm Mintel once put it so well:
Companies or brands that successfully market to Millennials are ones that recognize that there is no such thing as a 'Millennial'—just individuals or groups of individuals who are at a similar life stage and have lived similar experiences. They want to be treated for who they are, rather than lumped together and labeled.
That's not to say those shared life experiences aren't important or leverageable. But ultimately, like all individuals, they want what they want, no matter their ages.
The Ricktators sound off here:
RICK & RICK RULE THE WORLD: 'PEAK MILLENNIAL' & THE 'FUR BABY' ECONOMY
(Approx. 5 min)
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