Friday, February 15, 2013

Merchants of Cool

‘Merchants of Cool’ is a Frontline documentary by David Rushkoff. In this documentary, he talks about how marketing companies market to teens and how the teens are not just the influencers of marketing but are also influenced by marketing. He talks about different techniques companies’ use and what works with the young consumers. If you haven’t watched it, the link is added at the end of this post.


‘Merchants of Cool’ is an eye opener to show us the true side of teen marketing today, and how it is leaving the teen society empty and meaningless. Marketers put in so much energy in finding out about teens, because they are a huge market - a huge source of profits. Teens do come to know when they are being marketed to, or to be more precise - they used to. When the traditional, direct kind of marketing techniques were being used, the teens knew that they were the audience and that made them unfavorable towards those corporations. But today, the marketers have outwitted the teens, by finding new techniques that are much more subtle and indirect. And with these techniques, they’ve become the Merchants of Cool.

Today’s teens have more access to money than before. With both the parents going off to work, they give their children more money as a way of compensation of not being able to spend enough time with them. This is what makes these teens a huge market for products. Thus the resources marketers invest in research are well capitalized.  

Today’s teens also like to be in control and they like to have options. Marketers provide the teens with these options. When they get the opportunity to choose, they feel they have power. Although in today’s reality, they are still being played on by the marketers. The choice they really have is only between products; which mean they only control where to spend the money. However, they do not control whether to spend the money at all in the first place. More choices means more likelihood of the teens spending up to their spending capacity. They are being manipulated by making them feel like they have the power, while in reality they don’t.

Also, teens are always looking for opportunities to be ‘cool’. They want to find trends to follow. This is where the cool hunters come in play. The research by these cool hunters is put in practice to attract more teens through the new cool products. Over the years, marketers have built their credibility about knowing what is cool through this mechanism. They have now reached the point where they have started becoming the trendsetters for the teens, because the teens trust the judgment of coolness of these marketing tycoons more than their own. Apple products are a good example of this. Apple started out with the iPods, targeting the cool trend of music. But today, Apple products in general have become cool. This is because the teens trust Apple to only come out with products that will be cool.

Today’s teen society is becoming more and more ‘empty’ because they are becoming mere puppets at the hands of these big tycoons. Earlier in time, they used to be the trendsetters, the influencers of the market, the makers of cool. But now, the tides have reversed. Now they have become just mere receivers of cool. What’s worse is that most of them don’t even realize it!


Sources

No comments:

Post a Comment