The Insights Family – the global leader in kids, teens, parents, and family market intelligence and MarTech company of the year – has today launched its inaugural Brand Management Playbook 2023 (https://go.theinsightsfamily.com/brand), which looks to uncover, present, and discuss the key components of building a compelling brand in the kids, teens, parents, and family space.
Off the back of The Insight Family’s recent industry voice 2023 survey, it is clear that almost half of professionals across the brand management discipline feel strongly that their marketing strategy doesn’t engage their target audience. Over half of industry professionals don’t believe that their brand marketing strategy is cost-effective or easy to measure. This paints a worrying picture of a changing ecosystem. The Brand Management Playbook 2023 will take steps to help address this state of play for the industry.
The playbook, which uses the company’s extensive knowledge and intelligence of surveying more than c700,000 family members across 22 countries every year, has continued to track and monitor the impact of several key factors that organizations need to be aware of if they are to build a compelling brand within a complex family ecosystem.
This approach has resulted in some key recommendations and a real-time understanding of the challenges brands face today. The themes discussed include:
- Legislation – Legislative changes within the kids’ and families’ spaces.
- Online & Offline – The world’s most compelling businesses are operating within the tech sector; brands need to develop the ability to serve offline as well as digital touchpoints.
- Value For Money – financial turmoil means parents are likely to choose value for money over brand appeal.
- Financial Empowerment – how does this impact the perception of brand value, and what are the latest opportunities surrounding influencer marketing?
- Brand Community – Compared to their parents, kids are more likely to value the feeling of belonging when buying into a brand. Therefore, brands should nurture their audience and offer them reasons to stay and advocate.
- Personalization –Brands act as the extension of kids’ personalities that their peers can see and be influenced by. It is important for brands to allow their fans to express their individuality.
- Health & Wellbeing – The pandemic has reminded us of the importance of our health. Health and wellness credentials are the no.1 factor influencing teens’ decision to buy a brand. This trend is particularly present in APAC, where traditionally, wellness has been embedded in the culture.
Rachel Bardill, SVP of Marketing in The Insights Family, comments, ‘Feedback coming in loud and clear from our ‘industry voice survey 2023’ is that it is a tougher year than most for professionals both economically and creatively. Budgets are tight, and kids continue to change their behaviors and attitudes significantly. The precision and comprehensiveness of our data and what you see in this report continue to provide intelligence, drive accurate strategies, and offer much-needed support to clients as we navigate this year.’
The complimentary Brand Management Playbook 2023 is available to download by visiting: https://go.theinsightsfamily.com/brand.
NOTES TO EDITORS
For all media inquiries please contact Harry Brown.
Phone Number: 07551 928096
The Insights Family is the global leader in kids, teens, parents, and family market intelligence, providing real-time data on their attitudes, behaviors, and consumption patterns.
Broken down by country, we survey c400 kids between the age of 3-18 and c200 parents of children between the age of 1-16 every week. Equating to c21,000 kids and c10,500 parents per year per country. This means that the company interviews a new family member somewhere in the world every 45 seconds.
Kids Insights and Parents Insights operate in Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Poland, Japan, Mexico, the Philippines, Russia, Saudi Arabia, South Africa, South Korea, Spain, Turkey, UK, and the US.
Clients include Amazon, BBC, Danone, Disney, Initiative, Kraft, LEGO, Mattel, MediaCom, PBS, Paramount, Pokémon, SEGA, T-Mobile, and Warner Bros.
Any images are attached alongside the PR