The single largest
phenomenon about youth
is that they network; a positive manifestation of
the technological developments. Digital communication is
also rapidly altering the ways in which organizations communicate
with their target audience. SNSs connect customers based on data
about them stored in user profiles. By monitoring and reviewing
the customer profiles and also the information and experiences
shared by the users with other users, marketers can track
consumers' opinions and develop consumer insights. As there is an increase
in the number of people visiting SNS for information, it is quite
possible that in the future more investments would be made in this
medium.
Companies like Virgin Mobile and
Samsung have strengthened their viral marketing activities
by using this medium. According to Prasad Narasimhan,
Chief Marketing Officer, Virgin Mobile, "The single largest
phenomenon about the youth is that they network. The popularity of
social networking sites is a symptom of this. They do this to
create possibilities for themselves. And we have positioned our brand on
this insight. Our pivotal differentiator revolves around helping
young people network better." As much as 80% of Virgin Mobile's
customers are below 30. The fetish to network is apparent in usage patterns:
the youth, according to estimates of the telecom industry, spend about
Rs. 500 a month on mobile phones, which is higher than the
national average. They use the SMS facility three times more than the
average person, and their long-distance calls last 20-30% longer than
others. They use it as an alarm first thing in the morning!
Most companies are still trying to understand how to
incorporate the digital social media in their marketing plans. How to get
a brand message in side? Is it intrusive? Do youngsters
expect advertisements on these sites? While most companies
grapple with these issues, the smarter ones have already done that.
Samsung, for instance, late last year launched the Corby range of mobile
phones targeted at the youth, which comes preloaded with popular
social networking sites. |