The cliché about students is that they have little money, and most of that goes on alcohol and fast food. Actually, that view is pretty outdated.
Today’s 16-21-year-olds are members of Gen Z, a generation which is cautious with their money, and demands high quality and good value from the brands they buy from. Here are 4 ways you can increase your student sales...
1. Must-have product
To convince someone who has a limited budget that your product is the one they can’t live without, you need a brilliant marketing campaign. Take a look through our recent blog posts for inspiration from some of the most innovative and creative businesses in the youth market today.
83% of students say that if a retailer offers a student discount they are more likely to shop there. Services such as Student Beans enable brands to offer discounts to verified students, and collect their data for future marketing purposes. A payment plan option can also make bigger purchases more palatable for students.
3. Quality guarantee
Research shows that Gen Z are looking for quality products that will be a good long-term investment. They feel more confident parting with their cash to established, familiar brands like Apple and Amazon, but they will purchase from smaller startups when their peer group can validate their trustworthiness. Offering a warranty is especially helpful with higher-end products such as electronics.
4. Easy returns
Brands like Topshop and ASOS have led the way in making returning unwanted online purchases as easy as trying on an outfit in a shop fitting room. They supply the packaging to return the item via freepost within the original package, and you don’t even have to queue up at the post office to do it. Many local newsagents and supermarkets now act as drop-off points for services such as Pass My Parcel and Hermes.
Student Beans is one of many youth marketing brands who will be in attendance at our upcoming event, YMS London. Click here for more info.