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Marketing to Gen-Yers and Boomers:
Using Social Media and More
JANUARY 23, 2013 // 2:30 – 4:00 PM
   Presenter(s):
   Todd Harff // Creating Results, Woodbridge, VA
   Nicole Conniff // Irvine Company, Irvine, CA
   Cheryl Urban // Equity Residential, Chicago, IL
   Lynn Klug // Greystar, Irvine, CA
Cheryl Urban
Equity Residential
Marketing to Gen-Yers and Boomers:
Using Social Media and More
Generation Y and Baby Boomers are two generations apart -
but have more in common than you might think. Together,
these two massive demographic groups will drive the
apartment industry for the foreseeable future.
In this session, developers and marketing professionals will
explore successful marketing strategies, including the wide
range of social networking tools, currently available for
attracting these demographics.
Todd Harff
Creating Results
Boomers:
  •    Born between 1946 and 1964 (49-67 years old)
  •    78 million strong
  •    Desire both personal and financial fulfillment
  •    Most economically diverse cohort




Source: The Nielsen Company: Introducing Boomers: Marketing’s Most Valuable Generation
Gen Y (Millennials):
•   Born between 1982 and late 2000 (13-29 years old)
•   Easily adopt to using new media- including social networks
     and SMS/text messaging
•   High importance placed on social aspect of life
•   Entry intoImage
               first jobs greatly impacted by recession but are upbeat about future
•   Most ethnically and racially diverse cohort
Source: Pew Research
Source: Pew Research
Source: Pew Research
Change in Social Media Use by Age/Time
100%
90%
80%
70%
60%                                                                                 18‐29
50%                                                                                 30‐49
40%                                                                                 50‐64
30%                                                                                 65+

20%
10%
 0%
         Feb 05 Aug 06 May 08 Apr 09 May 10 Aug 11 Feb 12 Aug 12


   Source: Pew Internet & American Life Project Surveys, March 2005-February 2012
By the Numbers: Social Media Tendencies




Source: May 2012 Google Ad Planner; plusdemographics.com © 2012 Creating Results
Case Studies - 50+ Social Media Engagement
 1. Make it Authentic

 2. Provide Meaningful Updates

 3. Make it Easy to Engage

 4. Showcase Shared Values and Desires
Case Study:
Case Study:
Video roll-out by email:
click through rate 3% higher
than list average
Case Study– Gen Y Social Media Engagement
  1. Be Visual

  2. Mix of Messages
    ~ Community Specific, Lifestyle, General Engagement
    ~ Higher frequency required

  3. Focus on Customer Service
    ~ Be transparent
    ~ Be responsive
Case Study:
Best Practices- Goals
 1. Overall Marketing Goals
    ~Extend reach
    ~Build the brand

 2. Social Media Marketing Objectives
    ~Use analytics to gain target/competitive insights
    ~Enhance SEO
    ~Drive to website/convert leads to new residents

 3. Social   Media Marketing Strategy
    ~Integrate with marketing/operations
Best Practices- Content Calendar
Best Practices-Calls to action
                                 • Promote events,
                                   content with links to
                                   your website
                                 • Contact information
                                 • Highlight desired action
Best Practices
WIIFM
Generating Leads via Social Media:

1. Pick Appropriate Avenues
   ~ Refer to web statistics for highest where referrals
   ~ Focus efforts there

2. Messaging Frequency Counts
   ~ Ensure visibility in timelines and feeds
   ~ Pick a frequency and stick with it
   ~ Seek out opportunities to increase activity and engagement
        (count downs, photo gallery, submissions, etc.)

3. Know Your Goals in Advance
Nicole Conniff
Irvine Company Apartment Communities
Steps to Social Media “Evolution” at a company

•   Social Monitoring and Reporting

•   Ratings and Reviews Communication Strategy

•   Social Media Advertising

•   Social Marketing Profiles
Social Monitoring and Reporting
Social Monitoring Reporting & its impact on the
customer experience and business practices
•   Select websites you want to monitor – Yelp (50%), ApartmentRatings
    (40%), Facebook (7%), and Google Places (2%) and Youtube (1%)
•   Expected Volume = 6 reviews/year/community
•   Categorize comments and record customer sentiment for both
    positive and negative
•   Categories may include: staff, amenities, maintenance, community,
    location, construction, parking, pets, security
•   Evolve your culture to embrace feedback as a way to improve the
    customer experience. You MUST change!
•   Case study – Our move-in and move-out process changes
Our Customer Comments
Move-In: Absolutely horrible…the apartment me and my            I was told when signing my lease that I would not be
friends were promised wasn't given to us. We requested a 2      charged for painting, but as I put in my notice, I was
bedroom/2 bathroom upstairs room and ended up with a 2          told I would be charged not only for painting the entire
bedroom/1 bathroom…I called to confirm that we'd be moving      apartment, but cleaning, AND new carpeting.
in on our move-in date. THE ROOM WASN'T EVEN
READY!!!! The woman I talked to said it wouldn't be ready
until the next day.... Luckily, they finished in time and we
moved in. Talk about gross. The carpets were still dirty, the
paint was barely dry on the walls and it still smelled like     You are "required" to provide WRITTEN notice that
cleaning fluid.                                                 you intend to vacate at the end of your lease. I
                                                                received the note at my door and went to the office
                                                                and told the staff we intended to vacate…they said
                                                                they'd make a note and that I was good. When I
                                                                looked on my last month's bill it was more than my
          We scheduled a pre move out inspection twice
                                                                lease…because I didn't give a written notice it
          and no-one showed up and also a final walk
                                                                automatically went month to month and I had to pay…
          through and no-one showed up.




Due to deposit issues, I would not recommend this place,
like a person in the other review said they do not care about
you at move-out time.
Ratings and Reviews
Communication Strategy
Ratings and Reviews Communication Strategy

•   Use reviews as a tool to challenge your current practices and make
    changes to result in fewer negative comments

•   Should you choose to respond, purchase your Yelp listing

•   Designate speaker(s) for the company – decentralized or centralized
    approach to responses

•   Devise a communication strategy to respond publically or privately
    to posts

•   Vet out all communications with your public relations/marketing,
    legal and operations teams
Yelp Business Listing Advantages

•   On demand review alerts
•   Clean up location data across Yelp ecosystem (mobile, desktop,
    Apple Maps)
•   Control photos & messaging across Yelp ecosystem
•   Removal of competitive brand & local competitive ads from
    community profiles
•   Track all data measurements
Without Enhanced Profile
With Enhanced Profile
                                                               Enhanced Photo
     Removal of
                                                            Slideshow with Video
     Display Ads
                                                                  Available
                     Directory
                        Info
    Tracking Links   Cleanup

                                  Post Current
                                 Calls to Actions

 Removal of Local
 Competitor’s Ads
                                      Extended Business
                                      Information Section
Business Owners Account – Reviews
Business Owners Account – Stats
•   Learn about your page’s interactions
Social Media Advertising
Relative Costs for Internet Advertising
Facebook Content Display Ads

Facebook advertising allows for highly targeted ads to be served
based upon user profiles, interests, or trending topics. This level
of user contributed targeting exceeds that of traditional networks
or direct site buys.

•   Increase social engagement
•   Drive volumes of traffic to your website
•   Promote products, services and promotions
•   Extend reach onto complimentary products or services
•   Integrate marketing communications strategies
Facebook Advertising
                       Expectations of
                       Performance:
                       • CPC = $1.65
                       • CTR = .04%
YouTube Advertising
                      Target your audience
                      by age, gender,
                      interests and geo and
                      keywords
Yelp Advertising
                   Search Display &
                   Banner Ads
Social Marketing Profile
2,000 followers engage with our daily content
@Rental_Living
                              Demand Shaping


                              Giveaways



                              Synergy



                              Wahoo’s Contest – 3 months; 2x
                              per week drawing of a winner
Incorporating social media in your
own marketing communication
vehicles
Cheryl Urban
Equity Residential
Cooking
     Ashley Shyn




                      Aaron Thomas
    Nicole Butler
             Nicole
Lynn Klug
Greystar
Challenges with Social Media Implementation

•   Property portfolio of 700+ communities nationwide with more than
     200,000 units


•   Mix of predominantly third-party communities and some Greystar-
     owned communities


•   26 Marketing Associates based throughout the country


•   Profitable operations and controlled expenses are driving
     management goals at our company
Challenges with Social Media Content

•   Time management challenges if on site teams or Community
     Managers are tasked with the creation of content

     Don’t allow team members to prioritize social media time before
      leasing, sales, or resident customer service

     Must have point person with high level of trust who monitors
      content to ensure it is professional and appropriate

     Must ensure that content is kept fresh
Solution for Content Challenges - Outsource

•   Outsource social media management

      Utilize only recommended vendors

•   Monitor your vendors’ activity levels and posts –

        Minimum 4x posting per month
        Full service management of Facebook and Twitter pages
        Blog expectation parameters pre-defined
        Email alerts
        Regular social media activity reports
Social Media Vendor Reports
•   Facebook: Total reach, friends of fans, people talking about this;
     page posts, male vs. female, age, cities/countries, etc.


•   Twitter: Posts, replies, retweets, other mentions, etc.


•   Yelp, other rating sites


•   Google analytics assessments and recommendations; referring sites
Reasonable Social Media Expectations
•   Generally not a source of leasing traffic
•   Considered the equivalent of a community newsletter
MAIN FOCUS FOR 2013:

     1. REPUTATION MANAGEMENT

     2. MOBILE/TABLET MARKETING

     3. DIGITAL FOCUS AND ENHANCEMENTS –
        PAY PER CLICK & REMARKETING CAMPAIGNS AS
        TRAFFIC DRIVERS
Todd Harff
Creating Results
Social Media Success with Gen Yers & Boomers

 1. Know your audience and their preferences
 2. Have a clear strategy
   ~ Directories, Traditional Social, Advertising, SEO, Mobile, Integration

 3. Identify the appropriate resources
 4. Set your budget and ID Leaders
 5. Define your goals
 6. Manage your reputation
 7. Measure your results and adjust
Speaker Contacts:

  Todd Harff                          Lynn Klug
  Creating Results                    Greystar
  Woodbridge, VA                      Irvine, CA

  703.494.7888 ext 7013
  Email: Todd@creatingresults.com
  Web: CreatingrResults.com
  Blog: MatureMarketingMatters.com

  Nicole Conniff                     Cheryl Urban
  Irvine Company                     Equity Residential
  Irvine, CA                         Chicago, IL
IBS Education
 National Association of Home Builders

1201 15th Street | Washington, DC 20005
   800-368-5242 | ibsedu@nahb.org

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Marketing to gen yers and boomers presentation

  • 1. Marketing to Gen-Yers and Boomers: Using Social Media and More JANUARY 23, 2013 // 2:30 – 4:00 PM Presenter(s): Todd Harff // Creating Results, Woodbridge, VA Nicole Conniff // Irvine Company, Irvine, CA Cheryl Urban // Equity Residential, Chicago, IL Lynn Klug // Greystar, Irvine, CA
  • 3. Marketing to Gen-Yers and Boomers: Using Social Media and More Generation Y and Baby Boomers are two generations apart - but have more in common than you might think. Together, these two massive demographic groups will drive the apartment industry for the foreseeable future. In this session, developers and marketing professionals will explore successful marketing strategies, including the wide range of social networking tools, currently available for attracting these demographics.
  • 4.
  • 6. Boomers: • Born between 1946 and 1964 (49-67 years old) • 78 million strong • Desire both personal and financial fulfillment • Most economically diverse cohort Source: The Nielsen Company: Introducing Boomers: Marketing’s Most Valuable Generation
  • 7. Gen Y (Millennials): • Born between 1982 and late 2000 (13-29 years old) • Easily adopt to using new media- including social networks and SMS/text messaging • High importance placed on social aspect of life • Entry intoImage first jobs greatly impacted by recession but are upbeat about future • Most ethnically and racially diverse cohort
  • 11. Change in Social Media Use by Age/Time 100% 90% 80% 70% 60% 18‐29 50% 30‐49 40% 50‐64 30% 65+ 20% 10% 0% Feb 05 Aug 06 May 08 Apr 09 May 10 Aug 11 Feb 12 Aug 12 Source: Pew Internet & American Life Project Surveys, March 2005-February 2012
  • 12. By the Numbers: Social Media Tendencies Source: May 2012 Google Ad Planner; plusdemographics.com © 2012 Creating Results
  • 13.
  • 14. Case Studies - 50+ Social Media Engagement 1. Make it Authentic 2. Provide Meaningful Updates 3. Make it Easy to Engage 4. Showcase Shared Values and Desires
  • 16.
  • 18. Video roll-out by email: click through rate 3% higher than list average
  • 19. Case Study– Gen Y Social Media Engagement 1. Be Visual 2. Mix of Messages ~ Community Specific, Lifestyle, General Engagement ~ Higher frequency required 3. Focus on Customer Service ~ Be transparent ~ Be responsive
  • 21.
  • 22. Best Practices- Goals 1. Overall Marketing Goals ~Extend reach ~Build the brand 2. Social Media Marketing Objectives ~Use analytics to gain target/competitive insights ~Enhance SEO ~Drive to website/convert leads to new residents 3. Social Media Marketing Strategy ~Integrate with marketing/operations
  • 24. Best Practices-Calls to action • Promote events, content with links to your website • Contact information • Highlight desired action
  • 26. Generating Leads via Social Media: 1. Pick Appropriate Avenues ~ Refer to web statistics for highest where referrals ~ Focus efforts there 2. Messaging Frequency Counts ~ Ensure visibility in timelines and feeds ~ Pick a frequency and stick with it ~ Seek out opportunities to increase activity and engagement (count downs, photo gallery, submissions, etc.) 3. Know Your Goals in Advance
  • 27. Nicole Conniff Irvine Company Apartment Communities
  • 28. Steps to Social Media “Evolution” at a company • Social Monitoring and Reporting • Ratings and Reviews Communication Strategy • Social Media Advertising • Social Marketing Profiles
  • 30. Social Monitoring Reporting & its impact on the customer experience and business practices • Select websites you want to monitor – Yelp (50%), ApartmentRatings (40%), Facebook (7%), and Google Places (2%) and Youtube (1%) • Expected Volume = 6 reviews/year/community • Categorize comments and record customer sentiment for both positive and negative • Categories may include: staff, amenities, maintenance, community, location, construction, parking, pets, security • Evolve your culture to embrace feedback as a way to improve the customer experience. You MUST change! • Case study – Our move-in and move-out process changes
  • 31. Our Customer Comments Move-In: Absolutely horrible…the apartment me and my I was told when signing my lease that I would not be friends were promised wasn't given to us. We requested a 2 charged for painting, but as I put in my notice, I was bedroom/2 bathroom upstairs room and ended up with a 2 told I would be charged not only for painting the entire bedroom/1 bathroom…I called to confirm that we'd be moving apartment, but cleaning, AND new carpeting. in on our move-in date. THE ROOM WASN'T EVEN READY!!!! The woman I talked to said it wouldn't be ready until the next day.... Luckily, they finished in time and we moved in. Talk about gross. The carpets were still dirty, the paint was barely dry on the walls and it still smelled like You are "required" to provide WRITTEN notice that cleaning fluid. you intend to vacate at the end of your lease. I received the note at my door and went to the office and told the staff we intended to vacate…they said they'd make a note and that I was good. When I looked on my last month's bill it was more than my We scheduled a pre move out inspection twice lease…because I didn't give a written notice it and no-one showed up and also a final walk automatically went month to month and I had to pay… through and no-one showed up. Due to deposit issues, I would not recommend this place, like a person in the other review said they do not care about you at move-out time.
  • 33. Ratings and Reviews Communication Strategy • Use reviews as a tool to challenge your current practices and make changes to result in fewer negative comments • Should you choose to respond, purchase your Yelp listing • Designate speaker(s) for the company – decentralized or centralized approach to responses • Devise a communication strategy to respond publically or privately to posts • Vet out all communications with your public relations/marketing, legal and operations teams
  • 34. Yelp Business Listing Advantages • On demand review alerts • Clean up location data across Yelp ecosystem (mobile, desktop, Apple Maps) • Control photos & messaging across Yelp ecosystem • Removal of competitive brand & local competitive ads from community profiles • Track all data measurements
  • 36. With Enhanced Profile Enhanced Photo Removal of Slideshow with Video Display Ads Available Directory Info Tracking Links Cleanup Post Current Calls to Actions Removal of Local Competitor’s Ads Extended Business Information Section
  • 37. Business Owners Account – Reviews
  • 38. Business Owners Account – Stats • Learn about your page’s interactions
  • 40. Relative Costs for Internet Advertising
  • 41. Facebook Content Display Ads Facebook advertising allows for highly targeted ads to be served based upon user profiles, interests, or trending topics. This level of user contributed targeting exceeds that of traditional networks or direct site buys. • Increase social engagement • Drive volumes of traffic to your website • Promote products, services and promotions • Extend reach onto complimentary products or services • Integrate marketing communications strategies
  • 42. Facebook Advertising Expectations of Performance: • CPC = $1.65 • CTR = .04%
  • 43. YouTube Advertising Target your audience by age, gender, interests and geo and keywords
  • 44. Yelp Advertising Search Display & Banner Ads
  • 46. 2,000 followers engage with our daily content @Rental_Living Demand Shaping Giveaways Synergy Wahoo’s Contest – 3 months; 2x per week drawing of a winner
  • 47.
  • 48.
  • 49.
  • 50. Incorporating social media in your own marketing communication vehicles
  • 52.
  • 53.
  • 54.
  • 55.
  • 56.
  • 57. Cooking Ashley Shyn Aaron Thomas Nicole Butler Nicole
  • 58.
  • 59.
  • 60.
  • 61.
  • 63. Challenges with Social Media Implementation • Property portfolio of 700+ communities nationwide with more than 200,000 units • Mix of predominantly third-party communities and some Greystar- owned communities • 26 Marketing Associates based throughout the country • Profitable operations and controlled expenses are driving management goals at our company
  • 64. Challenges with Social Media Content • Time management challenges if on site teams or Community Managers are tasked with the creation of content  Don’t allow team members to prioritize social media time before leasing, sales, or resident customer service  Must have point person with high level of trust who monitors content to ensure it is professional and appropriate  Must ensure that content is kept fresh
  • 65. Solution for Content Challenges - Outsource • Outsource social media management  Utilize only recommended vendors • Monitor your vendors’ activity levels and posts –  Minimum 4x posting per month  Full service management of Facebook and Twitter pages  Blog expectation parameters pre-defined  Email alerts  Regular social media activity reports
  • 66. Social Media Vendor Reports • Facebook: Total reach, friends of fans, people talking about this; page posts, male vs. female, age, cities/countries, etc. • Twitter: Posts, replies, retweets, other mentions, etc. • Yelp, other rating sites • Google analytics assessments and recommendations; referring sites
  • 67. Reasonable Social Media Expectations • Generally not a source of leasing traffic • Considered the equivalent of a community newsletter MAIN FOCUS FOR 2013: 1. REPUTATION MANAGEMENT 2. MOBILE/TABLET MARKETING 3. DIGITAL FOCUS AND ENHANCEMENTS – PAY PER CLICK & REMARKETING CAMPAIGNS AS TRAFFIC DRIVERS
  • 69. Social Media Success with Gen Yers & Boomers 1. Know your audience and their preferences 2. Have a clear strategy ~ Directories, Traditional Social, Advertising, SEO, Mobile, Integration 3. Identify the appropriate resources 4. Set your budget and ID Leaders 5. Define your goals 6. Manage your reputation 7. Measure your results and adjust
  • 70. Speaker Contacts: Todd Harff Lynn Klug Creating Results Greystar Woodbridge, VA Irvine, CA 703.494.7888 ext 7013 Email: Todd@creatingresults.com Web: CreatingrResults.com Blog: MatureMarketingMatters.com Nicole Conniff Cheryl Urban Irvine Company Equity Residential Irvine, CA Chicago, IL
  • 71. IBS Education National Association of Home Builders 1201 15th Street | Washington, DC 20005 800-368-5242 | ibsedu@nahb.org