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There's nothing wrong with targeting a different ICP from who you were previously. As a business you in fact have an incentive to target these kinds of identit
by alephnerd 8mo ago
There's nothing wrong with targeting a different ICP from who you were previously.
As a business you in fact have an incentive to target these kinds of identity-driven consumers as they are much more likely to spend more on average than others.
And Disney is shifting their entire GTM as a result, but frankly there is nothing wrong with that - consumer tastes change.
That said, it sounds like you are dismissive of Disney-fanatics when in reality everyone is hypertargeted by their specific subculture. Doesn't matter if your a Tater, a ranked MMO gamer, Boardgame addicts, fantasy football aficionado, CrossFit enthusiast, mechanical keyboard collector, etc.
- parl_match 8mo agoI don't really care about Disney's business. The Disney adults, as people, are bleak. Take their money, who cares. > That said, it sounds like you are dismissive of Disney-fanatics when in reality everyone is hypertargeted by their specific subculture. Doesn't matter if your a Tater, a ranked MMO gamer, Boardgame addict, fantasy football aficionado, CrossFit enthusiast, etc. does everyone has to have a "specific subculture" that they consume? i feel like that way of looking at things is bleak. im a heavy fitness enthusiast and i hardly spend any money besides a basic gym membership and the cost of trail/camp permits
- alephnerd 8mo ago> does everyone has to have a "specific subculture" that they consume? Everyone already does. It's called hobbies. Some people make their hobbies their entire identity, others less so.
- parl_match 8mo agoa "specific subculture" really elevates "hobbies" beyond what they are, maybe hobbies don't have to be about consumption. In your post, it seemed like they did.
- alephnerd 8mo agoThe reality is, to participate in any hobby you will have to expend significant amounts of dough, and invariably some people will spend more of their discretionary income on said hobby over others. And businesses are businesses - be their your local small business bicycle shop or a mega-conglomerate like Disney - and as such will always optimize for those people who are open to spending a larger proportion on said hobby than the median consumer. I'm sure if we all took a look at everyone else's hobbies and spending, we would find stuff which we would view as ridiculous consumption but the other person would view as valuable. For example, I've been pretty competitive in powerlifting for several years (especially as I used to crosstrain in HS for wrestling and track&field) and unsurprisingly spending significantly more than other people getting personal training from coaches, buying IWF-certified barbells, Nike Romaleos, Titan bumper plates, etc. Someone who isn't into powerlifting would look at me as being weird (why not just go to a gym 2 times a week and call it a day?!?) but I derive utility from it. As long as someone is able to afford their hobby without impacting their professional and personal lives, there is nothing wrong with it.
- coldtea 8mo ago>The reality is, to participate in any hobby you will have to expend significant amounts of dough, No shortage of very cheap or free hobbies. Walking is free. Cooking is what you'd spend anyway for food (or cheaper if it helps you skip delivery), watching movies cheap (not to mention piratable), coding is cheap, playing 8-bit games is cheap, a book club is cheap, sewing is cheap, drawing is cheap, writing is cheap...
- alephnerd 8mo agoIn almost all cases you are still purchasing, consuming, and being targeted in some shape or form. Literally every hobby has an incentive to target those practitioners who heavily spend and spend time with other similar minded practitioners. > Cooking And you see the rise of influencer and performance driven marketing by firms like Henckels and Le Crueset (nothing wrong with that) along with those who truly love cooking specific types of cuisine overindexing on unique or subsets of ingredients (Geographic Indicator or bust) > watching movies cheap (not to mention piratable) And you see plenty of movie enthusiasts optimizing for 4K displays, high fidelity sound, or falling deep into IP-driven subcultures like Disney-fanatics > coding is cheap And you see whales who spend inordinate amounts on money on mechanical keyboards, 4K monitors, personal rigs, etc > playing 8-bit games is cheap Retro gamers. > book club is cheap Book subscriptions and local bookstore-led book clubs --- Show me the hobby, and I will show you the whales that all businesses in that specific hobby will target.
- coldtea 8mo agoMost people don't base their personality on their hobbies
- CharlesW 8mo agoAnd most adults who like Disney aren't "Disney adults". There are extremists in every hobby and fandom.
- Rebelgecko 8mo ago(x) to doubt
- deleted 8mo ago[deleted]
- fuzzfactor 8mo ago>Disney is shifting their entire GTM You also have to figure that most parents can't afford to take their kids to Disney as easily as they could just year or two ago, and may never be able to do so again.
- alephnerd 8mo agoThey're fine with that. A Disney holiday as a pre-teen or early childhood milestone was only true amongst a subset of middle class Americans during the 1960s-2000s. Heck, the first time I visited Disney was during my high school graduation with the subsidized HS Disneyland grad trip which Disney created in order to create a monetizable nostalgic customer base that became 'Disney Adults'. Most people globally never experienced that, and only really care about Disney from a teen or adult oriented lens. A high earning single person household flying in from Beijing or a DINK household in NYC spending $1-2K at a Disney resort is more valuable and provides better margins than a household of 4 spending $600 on Disney (and most likely won't stay at the resort). It's the same strategy the foreign Disney Experience properties (Paris, Hong Kong, Shanghai) and the Walt Disney cruises use as well. You aren't a bad parent if you didn't take your family to Disneyworld - in fact they don't really want your money anymore.
- fuzzfactor 8mo ago>the first time I visited Disney was during my high school Me too, but back when I started high school Disneyworld didn't yet exist, and by the time I got there the first phase was only about halfway built. It was already too expensive for Florida natives though, but almost every Orlando resident could get special passbooks from places like their employer or church. My sweetheart's older brother had moved up there and set us up with a few days worth. It was just plain designed to not only be expensive, but overpriced to boot :\ I'll still remember the second time we went to it a few years later after it was "complete." Still surrounded by swamp, there were no competitive attractions yet and to celebrate the completion they were going to shoot off fireworks for the first time, like the original in Anaheim was famous for every day. It was a massive show, way over the top, after all it was Fourth of July, 1976, the Bicentennial of the founding of the USA :)