Are they specifically targeting young rich kids who spend big on products/merch?
Seems like a small demographic for a $15B projected market...
Are they specifically targeting young rich kids who spend big on products/merch?
Seems like a small demographic for a $15B projected market...
A friend's son, a newly minted teenager a few years back, had a Logan Paul sweatshirt and T-shirt at the top of the birthday wishlist. Never mind that's it's a generic Old Navy casualware with the Logan Paul logo imprinted on it (and marked up accordingly).
Conspicuous consumption has been a thing for ages, and it's always been about presenting an image as having enough disposable income to be able to buy these sorts of things. The fact that some kids have parents who can afford to lavish this stuff on them only adds to the mystique.
I'd argue that it's also inaccurate to characterize this as just a kids thing. Plenty of people my age and older dump money into brands like Rolex and Mercedes. The main difference I personally see is that the price tags are even higher, and the brands themselves turn over at a slower pace.
And it’s an industry that is deeply dependent on advertising to maintain brand awareness and segment the market. All fried chicken tastes basically the same, so customers choose stores based on brand attributes.
Are you a Popeyes, KFC, or Chick-fil-A kind of person? Influencer marketing helps you figure it out and remember which place is the most desirable for you.
This sort of thing works on many people, but teenagers are especially susceptible to it.
How many places have you had fried chicken in?
Yes, there’s bad fried chicken and good fried chicken. But when you’re hungry cruising down the commercial strip, there may be two national brands you need to quickly choose from. One of those brands comes out on top because their millions of ad spend got you in there once or twice and now they’re you’re favorite.
Source: we got chick-fil-a curbside many Saturdays last year but at least two other fried chicken places are closer and we generally eat much healthier food.
Just sticking to a single brand, KFC in China uses a lot of red pepper. KFC in the US doesn't.
Also, poor people aren't buying Lambos and crashing them.
I think you only have to look at the truly high-end luxury market to see that that's not true. A _staggering_ amount is spent on absurd products that only multi-millionaires can afford. And they've very much doing it to one-up the other multi-millionaires.
The likes of watches that cost tens of thousands and cars that cost hundreds of thousands are generally actually-wealthy-person territory, say.
source? no, seriously. All the marketing I see for luxury products and more generally point to yes, rich people are exactly as suceptible to advertising to poor people, if not more so due to having a greater share of disposable income.
The people who follow these sorts of TikTok influencers probably don't earn their own money. I guess parents are shelling out big time?
Saturday morning cartoons were invented to sell things to American kids (by way of them begging their parents).
If you look online, you'll also find baby naming websites that e.g recommend your kid to be named like a Disney comic figure.
I can't pinpoint, of course, that this their motivation, but to me it'd make sense.
What I don't understand is that we, as a society, allow it.