Get ‘Em While They’re Young
It is one of the most prevalent ideas in the brand world: Capture the brand loyalty of a person when they are young, and they will be yours forever. Companies pursue this idea with a vengeance, abandoning older audiences to win the hearts and minds of children, teens, and college students. And it is one of the biggest mistakes brand professionals can make.
A recent study showed that, in fact, consumers are likely to switch brands within a range of product categories regardless of age, indicating that brand loyalty is not captured at a young age and held for life. A different study, conducted for AARP, echoed this finding, demonstrating that in some categories, older consumers are less loyal and actually more likely to switch brands.
Think about your own life: You are probably not wearing the same clothing brands you did in your youth. Or driving the same car brand. Or even using the same kind of laundry detergent. Your tastes change. Your household income changes. You get married, have kids, get busy, retire. There are very few brands that can see a person through all those changes in life—and there are very few brands that should even try.
Taste, Experience, and Self-Expression
The “get ‘em while they’re young” theory works differently among three different types of brands:
- Taste Brands—food, beverage, or household brands that involve your sense of taste or smell
- Experience Brands—when the consumer experience can be the driving factor, such as financial services, retail, and online brands
- Self-Expression Brands—when the products you use say something about you, such as clothing, automotive, and some electronics
