how to market to socially-active...how to market to socially-active millennials vs. boomers american...
TRANSCRIPT
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HOW TO MARKET TO SOCIALLY-ACTIVE MILLENNIALS VS. BOOMERS
American Millennials: Deciphering the Enigma Generation - A Groundbreaking Study Reveals the Silver Bullets
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GENERATIONAL SURVEY
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Mature & Silent (40 years) (2 Generations)
1909 – 1946
75 Million
Baby Boomers
1946 – 1965
80 Million
Generation X
1965 - 1979
46 Million
Millennials
1980 - 2000
76 Million
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THIS GENERATION
• Four leading psychiatrists agree a combination of the following spells possible trouble for the parent as well as the child:
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KIDS = T R O U B L E • A demanding attitude about money but a
reluctance to work for it
• A righteous attitude, never admitting any personal faults
• Inability to sustain personal relationships – drawn more to group experiences
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PSYCHIATRIST’S ADVICE • Dialogue – sometimes very painful – to
establish a new position of belief . Young people deny they are hostile until their last breath!
• Have a good understanding and be more tolerant. Adolescence is, at best, an extremely disturbing time.
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CULTURE • People Magazine is the country’s leading
“personality magazine” • Gene Simmons of Kiss is a hot celebrity • Elton John concerts are sold out • Sports – men could watch sports on TV all
year long! • Skateboarding is an obsession • Kids waste time playing video games • Ralph Lauren’s fashions are the rage
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A 1970 P.T.A. PARENT EDUCATION PAMPHLET
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This Generation
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May 1970 vs. May 2011
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INTRODUCTIONS • Who would have thought these
kids, known today as Baby Boomers, would have turned out like we did?
• This session is all about you understanding how to market to the next great generation – that generation known as . . .
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MILLENNIALS
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GET READY TO LEARN • How Millennial values vary versus older
generations • Correlations between media consumption
and purchasing behavior • Trends in restaurant and retail marketing • How cause marketing can impact your brand • Use of digital, social & mobile technologies • Applying this information today • Getting franchisees to share the costs to
make your brand more effective
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SPEAKERS • Jeff Fromm - Barkley
– Sr. VP – Marketing, Sales & Innovation • Jack Mackey - Service Management Group
– Chief Evangelist • Jeremy Siefkas – LocalizeIt Online
– CIO • Mark Liston, CFE – Glass Doctor
– President
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THE ENIGMA GENERATION
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WHY SHOULD WE CARE ABOUT MILLENNIALS?
• $200 billion in annual direct spending • $500 billion in annual indirect spending • Larger than the Baby Boomer generation • 3x the size of Generation X • 80 million members • Nearly 25% of the U.S. population
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STUDY METHODOLOGY FOR YOU STAT GEEKS
• Online random panel sample • 4,259 Millennials (eligible ages 16-34) and
1,234 Non-Millennials as a comparison group
• Sample demographics were weighted to
approximate the current U.S. population
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WHAT MAKES MILLENNIALS DIFFERENT?
5 big takeaways for you:
1. They consider themselves health fanatics and live a lifestyle to back it up.
2. Early adopters of technology, but distinct technographic segments exist.
3. They actively support causes and prefer companies that do, too.
4. Avid social media participants – more connections and greater frequency.
5. They consume, and create, more “word of mouth, mouse and thumb.”
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MILLENNIALS CRAVE ADVENTURE
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HEALTH, FITNESS & APPEARANCE MATTER
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SUCCESS AND STATUS MATTER Success is a matter of hard work and status is worth paying for
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EASILY INFLUENCED BY PEERS
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MILLENNIALS AND TECHNOLOGY
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MORE LIKELY TO ADOPT NEW TECHNOLOGY
2.5x more likely to be an early adopter
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MORE LIKELY TO USE ENTERTAINMENT DEVICES
Non-Millennials tend to use standard devices: basic cell phone, desktop computer
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TV: SNL ON HULU AT 2 P.M. ON SUNDAY
N » 16-‐34 yr olds: 3,501 | 35-‐75 yr olds: 1,004
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MILLENNIALS AND BRANDS
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RETAIL: MILLENNIALS SHOP COLLABORATIVELY WITH THEIR SMARTPHONE IN HAND They rely more on input from social circles in making product decisions
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RETAIL: MILLENNIALS SHOP DIFFERENTLY
Attitudes, channel preferences and shopping behaviors differ from older generations
N » 16-‐34 yr olds: 3,896 | 35-‐74 yr olds: 1,129
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MILLENNIALS VISIT RESTAURANTS TO SOCIALIZE, TREAT THEMSELVES Tight schedule and desire for social outlet drive eating out
N » 16-‐34 yr olds: 954 | 35-‐74 yr olds: 270
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MILLENNIALS SNACK MORE THAN OLDER GENERATIONS
N » 16-‐34 yr olds: 954 | 35-‐74 yr olds: 270
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AVID SOCIAL MEDIA PARTICIPANTS
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MILLENNIALS VALUE SOCIAL NETWORKING
Social media connections enrich their daily lives
N » 16-‐34 yr olds: 3,896 | 35-‐74 yr olds: 1,129
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MILLENNIALS HAVE MORE FRIENDS Number of connections on social networks significantly larger
N » 16-‐34 yr olds: 3,000 | 35-‐74 yr olds: 635
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THEY EXPECT BRANDS TO PARTICIPATE IN SOCIAL MEDIA
They seek out brands in social media and value a social media presence
N » 16-‐34 yr olds: 3,082 | 35-‐74 yr olds: 660
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THEY EXPECT BRANDS TO PARTICIPATE IN SOCIAL MEDIA
They seek out brands in social media and value a social media presence
N » 16-‐34 yr olds: 3,082 | 35-‐74 yr olds: 660
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MILLENNIALS INTERACT WITH BRANDS ON SOCIAL NETWORKS
They “like” brands more often and frequently interact with those brands’ content
N » 16-‐34 yr olds: 3,082 | 35-‐74 yr olds: 660
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MILLENNIALS INTERACT WITH BRANDS ON SOCIAL NETWORKS
They “like” brands more often and frequently interact with those brands’ content
N » 16-‐34 yr olds: 3,082 | 35-‐74 yr olds: 660
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MILLENNIALS CONTRIBUTE AND CONSUME MORE WEB CONTENT Millennials outpace non-Millennials on all key usage models
N » 16-‐34 yr olds: 4,259 | 35-‐74 yr olds: 1,234
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MILLENNIALS CONTRIBUTE AND CONSUME MORE WEB CONTENT Millennials outpace non-Millennials on all key usage models
N » 16-‐34 yr olds: 4,259 | 35-‐74 yr olds: 1,234
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MILLENNIALS AND CAUSE
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MILLENNIALS AND NON-MILLENNIALS AWARE OF DIFFERENT CAUSE CAMPAIGNS
N » 16-‐34 yr olds: 4,259 | 35-‐74 yr olds: 1,234
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MILLENNIALS BELIEVE THEY CAN MAKE A DIFFERENCE AND SEEK CORPORATE PARTICIPATION
Personal and brand values matter, but low prices offer temptation
N » 16-‐34 yr olds: 3,896 | 35-‐74 yr olds: 1,129
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EXPERIENCE ECONOMY
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NEW PARADIGMS FOR MILLENNIAL ENGAGEMENT
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CONTINUED TRENDS IN 2012!
• SoLoMo • Using Online Reviews as Social
Signals • Going App Crazy • QR Codes
5 Internet Marketing Trends for SMBs to Watch in 2012 by Lisa Barone 12/12/11
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CONTINUED TRENDS IN 2012!
• Social Awareness through relevance –necessary today to appeal to and
attract new customers • Local Where Search is taking place and Purchases are happening • Mobile Up 400% in 2011-plus 74% of shoppers are using mobile phones
to search while they shop
The SoLoMo Revolution: Social Media, Local Search & Mobile Search Collide by Lisa Barone 6/7/2011
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CONTINUED TRENDS IN 2012!
• Using Online Reviews as Social Signals • A Shift In Buying Behaviors • Social Brings Accountability
5 Internet Marketing Trends for SMBs to Watch in 2012 by Lisa Barone 12/12/11
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CONTINUED TRENDS IN 2012!
• Going App Crazy – Apps Help How?
1. Allows customers to be more efficient 2. Helps biz owners to be more efficient 3. Increased efficiency on both fronts leads
to profitability
5 Internet Marketing Trends for SMBs to Watch in 2012 by Lisa Barone 12/12/11
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CONTINUED TRENDS IN 2012!
• QR Codes – Quick Response Codes
– Easy to use – Coupons/Offers – Direct Traffic
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WOW! THAT’S CONFUSING! • You’re Joe the new Franchise Owner
– Responsibilities include: • Hiring/firing, utility bills, payroll, training, estimating,
emergencies, providing for your family, taking out the trash, insurance, auto repairs, sick employees, ISR’s, Invoices, sales calls, customer service, answering phones, broken coffee maker, workers comp, office signage, accounts payable, bill collector...and by the way a marketing strategy to make sure you’re targeting the right customer!
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WHICH COULD INCLUDE • PPC, YP’s, Online YP’s, Newspaper,
Coupons, Groupon, Facebook, Twitter, Tracking Lines, Local Directories, Reviews, Magazines, Foursquare, Google Places, Google +, Mobile Search, Blogs, YouTube, Yahoo, Bing, Angie’s List, Service Magic…just to name a few
• For the Bargain price of $8,000/month
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BUY-IN FROM ZEES ON BUILDING A MORE EFFECTIVE BRAND!
• Find, Consult & Hire an Expert • Educate Zees on what makes up today’s
Search Engine Marketing – Local Search Optimization & Reviews – Traditional SEO – Pay Per Click – Social Media – Mobile Search
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GLASS DOCTOR
• Glass Doctor Launched New Zee sites November 2010 from one main Corp site
• Of 275 total sites, over 60% buy-in from Zees through regional presentations, online training and continued education-all at the Zees cost
• Listen to your site & analyze traffic
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GLASS DOCTOR
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Questions?