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BizReport : Ecommerce : November 13, 2009


Study: College kids are spending in tech

Don't forget those college kids when targeting tech products. According to new research from Alloy Media + Marketing and Harris Interactive, the record number of college freshmen are spending money on all sorts of tech products; they are also spending more and more time in an online environment.

by Kristina Knight

alloymm.gifThe 13.8 million freshmen, who are set to graduate in 2013, are expected to spend over $6 billion in the tech realm this year. They are buying new gadgets, computers, phones and music players with online connectivity more than ever. The kids' buying power has increased by 6% over 2008 numbers, with discretionary spending at just under $60 billion. And, although many are dependent on Mom and Dad to make the biggest purchases, they do determine which brands, items and products will be purchased and which will be passed over - meaning marketers need to target the kids rather than the parents who will ultimately make the purchases.

Other interesting findings include:

• Desktop computer use is down 46%
• Laptop computer use is up to 75% of the age group
• Three-quarters of college freshmen are using MP3 players and iPods regularly
• Students' biggest influencers are friends and family
• Time online is outpacing time spent watching television

"Mobility and media convergence appears to be the required curriculum on the quad," said Andy Sawyer, SVP, Media Services for Alloy Media + Marketing. "Perpetual advancements in technology have clearly given students increasing control and the ease with which to socialize, communicate and be entertained on demand. [...Rapidly] advancing technology is shifting the campus dynamic."

The 2009 Alloy College Explorer study was conducted during the month of April and surveyed more than 1,500 college students.

Tags: ecommerce, online advertising, students, tech purchases, technology advertising, technology purchases

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