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Backseat Buyers By: Kristi Rice and Michael Sigel Backseat Buyers

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Backseat Buyers. Backseat Buyers. By: Kristi Rice and Michael Sigel. The Article. Fact: Three out of five parents involve their kids in car-buying decisions Result: Changes needed in advertising http://www.youtube.com/watch?v=Mn7WP_adVu0. Other products?. - PowerPoint PPT Presentation

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Page 1: Backseat Buyers

Backseat Buyers

By:Kristi Rice and Michael Sigel

Backseat Buyers

Page 2: Backseat Buyers

The Article Fact: Three out of five parents involve their kids in car-buying decisions

Result: Changes needed in advertising

http://www.youtube.com/watch?v=Mn7WP_adVu0

Page 3: Backseat Buyers

Other products? Can you think of any purchasing decisions that now require input from

children?

Page 4: Backseat Buyers

Other products Electronics

Samsung Smart TV

Online purchases More than three-quarters (77%) of kids age 8-14 have completed online

transactions Kids are helping in online decisions for a wide range of products from cars, doctors

and vacation planning to ordering food and buying gifts

Page 5: Backseat Buyers

Why are kids’ opinions so important? Guilt

Style and cultural trends

Technology

Desire for parents to be friends

Page 6: Backseat Buyers

Discussion

Do you think we are giving children too much power by letting them be involved in major purchase decisions?

As our tech-savvy generation heads into parenthood, will we still include our children in purchasing decisions?

Page 7: Backseat Buyers

References Kids Making Play for Online Purchasing Power. Stars For Kids. Retrieved from

http://www.marketingcharts.com/interactive/kids-making-play-for-online-purchasing-power-934/

Three Out of Five Parents Involve Kids in Car-Buying Decisions. Advertising Age. Retrieved from

http://adage.com/article/news/parents-involve-kids-car-buying-decisions/234124/