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connected
    1980—2000
confident
                practical
   Who are the Millennials…
1980—2000 them?
  …and how do you sell things to
                         1980—2000
A whole different way of life!
     Mom—balances
     checkbook, clips coupons
     Millennial—online
     banking, Groupon
     Mom—calls and talks to
     businesses
     Millennial—online service
     and mobile apps
     Mom—reads newspapers
     Millennial—reads
     everything online
Where does everyone fit?
• The Greatest Generation (those born before
  1928) “saved the world” when it was young, in
  the memorable phrase of Ronald Reagan. It’s the
  generation that fought and won World War II.
• The Silent Generation describes adults born from
  1928 through 1945. Children of the Great
  Depression and World War II, their “Silent” label
  refers to their conformist and civic instincts. It
  also makes for a nice contrast with the noisy ways
  of the anti-establishment Boomers.
• The Baby Boomer label is drawn from the great
  spike in fertility that began in 1946, right after the
  end of World War II, and ended almost as
  abruptly in 1964, around the time the birth
  control pill went on the market.

• Generation X covers people born from 1965
  through 1980. The label long ago overtook the
  first name affixed to this generation, the Baby
  Bust. GenXers are often depicted as savvy,
  entrepreneurial loners.
And…
The Millennial generation refers
to the first generation to come
of age in the new millennium.
They’ve also been called Echo
Boomers; they’re the children of
Baby Boomers.
Born between about 1980 and
2000
About 75 million strong
They are digital
First generation of digital natives!
Their prime trait is increased use of and
familiarity with communications,
media, and digital technologies.
The Internet provides instant
gratification—and now they
expect that in other areas of
their lives, too.
They aren’t watching live TV!
That expensive 30-second spot in prime time won’t work…
  26% of Millennials watch 20+ hours of TV a week vs. 49% of non-Millennials



     On-demand



            DVR                                                Millennials
                                                               non-Millennials


 Watch on laptop


                   0    10      20       30      40      50
They are confident
They were raised at the
most child-centric time in
our history.

Soccer moms were
invented especially for the
Millennials – we followed
them around and gave
them everything!
“I am the perfect
   snowflake.”
They are connected
75% of Millennials have created a profile on a
social networking site, compared with half of
GenXers, 30% of Boomers and 6% of Silents

Millennials gather information on products and
services from more channels—more Millennials
than non-Millennials report using a mobile
device while shopping to research products
(50% vs. 21%)                          Barkley 2011
Who sleeps with their cell phones?
      Silent        20

   Boomer                     50

      Gen X                             68

 Millennials                                      83

         All                       57

               0   20    40        60        80        100
They are social
70% of Millennials feel more
excited when their friends
agree with them about
where to shop, eat and play.

They band together in groups to date and
socialize, rather than pairing off.

Millennials are more likely to shop with family
and friends than other generational groups.
They are open to change
Not your mom’s brand!
They are optimistic, and willing to
give anything a chance.
They are loyal, as long as they have
a reason.
“Millennials are even more willing to participate
in loyalty and reward programs than their
parents, but they expect reward programs to be
free, easy and fast.”
Open to social change
So, how do we reach them?

“Millennials can sniff
the hard sell, and
they won’t buy it.”
(Mashable, Oct. 2011)
They want to be first
They need the latest and greatest!
Piggybacking off the notion that Millennials
crave finding things first, Mountain Dew created
an in-house record label, Green Label Sound, to
simultaneously market the drink and help up-
and-coming artists break through.
They want to support The Social Good
Greater awareness of cause marketing campaigns, such as
Dove’s Campaign for Real Beauty (33% vs. 21%) or Gap
RED (26% vs. 9%)

The Pepsi Refresh Project, a $20 million social media
campaign that encourages people to submit ideas about
how to refresh their communities, got 61 million
responses.
Pepsi chose to focus on this rather than take part in the
Super Bowl!
Companies “have moved from a
                 broadcast model into an engagement
                 model” and they have to think of young
                 people “less as consumers and more as
                 advocates” because this group is
                 interested in what role companies can
                 play in addressing social needs.
                  Jack Leslie, chairman of Weber Shandwick, chairman
                           of the U.S. African Development Foundation




18-24% of young people recently surveyed said
that they would take pay cuts if they knew that
their company was advocating for social change.
“All I can say is that if you still haven’t
implemented a cohesive CSR (corporate social
responsibility) strategy, you’re 10 years behind
the game. And if you’re not starting to ramp up
in a meaningful way – to empower your
customers to have an impact on issues they care
about—the clock is ticking loudly. It may feel far
away, but the Millennial spending tsunami is
coming, and this generation is going to vote
with their dollars. You don’t want to be a lame
duck.”
         Jason Rzepka, Vice President of Public Affairs at MTV
They want relationships
 Talk WITH them, not AT them.
 Ask what they want, don’t
 assume it’s the same thing you want to sell.
 Millennials don't want to be talked at by a brand
 but instead want to be part of the conversation.
  "Understanding their priorities helps us market to
 them, so that we're giving a message that is
 relevant to them.” Sheryl Connelly, Ford consumer trends and futuring manager
WITH, not AT
On Twitter, Ford says it has a chance to glimpse at the
Millennial mindset and figure out what this generation wants,
likes and needs from its products.
Ford recognized that the old marketing message—showing off
the engine, the speed, the car body itself—is not working for
the new generation. Millennials are
not as interested as baby boomers
were in a car as a status symbol. The
car for them is about basic transportation
—but adding technology to the car turns
the car into a “lifestyle enabler”
                       —Ad Age, August 2011
Traditional marketing is out!
We are wikified!
Don’t try to “position” yourself; build a strong,
genuine brand and they will decide where it fits.
Listen to the buzz—tap into the trending topics in
social media, pay attention to where Millennials
shop, eat and spend time.
Case Study of the Ideal
       Millennial Marketing Strategy
TOMS
Online,
cause-oriented,
conversational
One-for-One
“Happiness
  Guarantee”
Campus events

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Who are the Millennials?

  • 1. connected 1980—2000 confident practical Who are the Millennials… 1980—2000 them? …and how do you sell things to 1980—2000
  • 2. A whole different way of life! Mom—balances checkbook, clips coupons Millennial—online banking, Groupon Mom—calls and talks to businesses Millennial—online service and mobile apps Mom—reads newspapers Millennial—reads everything online
  • 3. Where does everyone fit? • The Greatest Generation (those born before 1928) “saved the world” when it was young, in the memorable phrase of Ronald Reagan. It’s the generation that fought and won World War II. • The Silent Generation describes adults born from 1928 through 1945. Children of the Great Depression and World War II, their “Silent” label refers to their conformist and civic instincts. It also makes for a nice contrast with the noisy ways of the anti-establishment Boomers.
  • 4. • The Baby Boomer label is drawn from the great spike in fertility that began in 1946, right after the end of World War II, and ended almost as abruptly in 1964, around the time the birth control pill went on the market. • Generation X covers people born from 1965 through 1980. The label long ago overtook the first name affixed to this generation, the Baby Bust. GenXers are often depicted as savvy, entrepreneurial loners.
  • 5. And… The Millennial generation refers to the first generation to come of age in the new millennium. They’ve also been called Echo Boomers; they’re the children of Baby Boomers. Born between about 1980 and 2000 About 75 million strong
  • 6. They are digital First generation of digital natives! Their prime trait is increased use of and familiarity with communications, media, and digital technologies. The Internet provides instant gratification—and now they expect that in other areas of their lives, too.
  • 7. They aren’t watching live TV! That expensive 30-second spot in prime time won’t work… 26% of Millennials watch 20+ hours of TV a week vs. 49% of non-Millennials On-demand DVR Millennials non-Millennials Watch on laptop 0 10 20 30 40 50
  • 8. They are confident They were raised at the most child-centric time in our history. Soccer moms were invented especially for the Millennials – we followed them around and gave them everything!
  • 9. “I am the perfect snowflake.”
  • 10. They are connected 75% of Millennials have created a profile on a social networking site, compared with half of GenXers, 30% of Boomers and 6% of Silents Millennials gather information on products and services from more channels—more Millennials than non-Millennials report using a mobile device while shopping to research products (50% vs. 21%) Barkley 2011
  • 11. Who sleeps with their cell phones? Silent 20 Boomer 50 Gen X 68 Millennials 83 All 57 0 20 40 60 80 100
  • 12. They are social 70% of Millennials feel more excited when their friends agree with them about where to shop, eat and play. They band together in groups to date and socialize, rather than pairing off. Millennials are more likely to shop with family and friends than other generational groups.
  • 13. They are open to change Not your mom’s brand! They are optimistic, and willing to give anything a chance. They are loyal, as long as they have a reason. “Millennials are even more willing to participate in loyalty and reward programs than their parents, but they expect reward programs to be free, easy and fast.”
  • 14. Open to social change
  • 15. So, how do we reach them? “Millennials can sniff the hard sell, and they won’t buy it.” (Mashable, Oct. 2011)
  • 16. They want to be first They need the latest and greatest! Piggybacking off the notion that Millennials crave finding things first, Mountain Dew created an in-house record label, Green Label Sound, to simultaneously market the drink and help up- and-coming artists break through.
  • 17. They want to support The Social Good Greater awareness of cause marketing campaigns, such as Dove’s Campaign for Real Beauty (33% vs. 21%) or Gap RED (26% vs. 9%) The Pepsi Refresh Project, a $20 million social media campaign that encourages people to submit ideas about how to refresh their communities, got 61 million responses. Pepsi chose to focus on this rather than take part in the Super Bowl!
  • 18. Companies “have moved from a broadcast model into an engagement model” and they have to think of young people “less as consumers and more as advocates” because this group is interested in what role companies can play in addressing social needs. Jack Leslie, chairman of Weber Shandwick, chairman of the U.S. African Development Foundation 18-24% of young people recently surveyed said that they would take pay cuts if they knew that their company was advocating for social change.
  • 19. “All I can say is that if you still haven’t implemented a cohesive CSR (corporate social responsibility) strategy, you’re 10 years behind the game. And if you’re not starting to ramp up in a meaningful way – to empower your customers to have an impact on issues they care about—the clock is ticking loudly. It may feel far away, but the Millennial spending tsunami is coming, and this generation is going to vote with their dollars. You don’t want to be a lame duck.” Jason Rzepka, Vice President of Public Affairs at MTV
  • 20. They want relationships Talk WITH them, not AT them. Ask what they want, don’t assume it’s the same thing you want to sell. Millennials don't want to be talked at by a brand but instead want to be part of the conversation. "Understanding their priorities helps us market to them, so that we're giving a message that is relevant to them.” Sheryl Connelly, Ford consumer trends and futuring manager
  • 21. WITH, not AT On Twitter, Ford says it has a chance to glimpse at the Millennial mindset and figure out what this generation wants, likes and needs from its products. Ford recognized that the old marketing message—showing off the engine, the speed, the car body itself—is not working for the new generation. Millennials are not as interested as baby boomers were in a car as a status symbol. The car for them is about basic transportation —but adding technology to the car turns the car into a “lifestyle enabler” —Ad Age, August 2011
  • 22. Traditional marketing is out! We are wikified! Don’t try to “position” yourself; build a strong, genuine brand and they will decide where it fits. Listen to the buzz—tap into the trending topics in social media, pay attention to where Millennials shop, eat and spend time.
  • 23. Case Study of the Ideal Millennial Marketing Strategy TOMS Online, cause-oriented, conversational One-for-One “Happiness Guarantee” Campus events