This document discusses strategies for marketing to Generation Y consumers in the Philippines. It notes that 58% of the working class will be Gen Y within 2 years, and their potential monthly income could be between 47-152 billion pesos by 2015. As such, most companies have shifted their focus to Gen Y. The document then outlines ways for companies like Pioneer Insurance to attract, engage, and convert Gen Y customers through activities like launching a new website, using social media, and creating insurance products tailored to protect Gen Y assets.
14. Source: NSCB
Projected Population by Age Group by 5-year intervals
Total Philippines
2010-2025
24
26
28
29
-
5
10
15
20
25
30
35
40
45
50
2010 2015 2020 2025
Millions
0-19
20-34
35-49
50-64
65 and up
15. By 2015, potential income of Gen Y for the C Class is
between Php 47B to 152B a month!
16.
17. Study what products that
appeal to them, and make
us profitable
Manner/Approach that
can get them
engaged, and;
Influence them to “need”
our products.
26. Wakes up at
6:30am
Checks Facebook
Newsfeed on
Smartphone
Gets ready for
work
Buys PhP140
coffee
Works using
laptop.
Does social
snacking. Social
Media on the
side
Mingles with
friends before
going home.
Spends quality
time with family.
Spends time with
self
Sleeps at
11:30pm
27. Wakes up at
6:30am
Checks Facebook
Newsfeed on
Smartphone
Gets ready for
work
Buys PhP140
coffee
Works using
laptop.
Does social
snacking. Social
Media on the
side
Mingles with
friends before
going home.
Spends quality
time with family.
Plays
Titanfall/writes
article before
going to bed
Sleeps at
11:30pm
35. Follow our official Social Media
Accounts
Facebook.com/PioneerIsYourInsurance
Instagram.com/PioneerPH
Twitter.com/PioneerPH
youtube.com/user/pioneergroup
linkedin.com/company/pioneer-insurance
Pinterest.com/PioneerPH
40. GEN
Y, Pioneer
? Really!
DATA
GATHERING
TOOLS
WHY
GEN
Y?
HOW DOES
INSURANCE
FIT IN?
ATTRACT, ENG
AGE, CONVER
T
NSCB
NSO
Google
Google Trends
Gephi
Excel
Facebook Graph
A significant
economic
driver.
Cars, House, Ga
dgets are
assets.
Product to
protect Gen Y
assets
Methods
Recognizes the
importance of
Gen Y
Editor's Notes
This is one of the ways to use data to create marketing strategy. There should be a balance between intuition and data. While data is king, intuition and experience can validate.Some of the successful IT guys are the ones able to link their value to the overall business.
Big red dot: ResaRed nodes: Philam Life Smaller Cluster Purple nodes: Pioneer Insurance Bigger Cluster Purple nodes: Church and seminary friends Green nodes: Blogs and Social Media community Orange nodes: Elementary friends Other nodes: Family and other friends. Application used: gephi-0.8.2-beta for Mac and netvizz
Another thing that we learned from our data
It’s actually equal to the 2012 GDP of Germany!
… despite high oil prices.
Insurance can build on its momentum by becoming another basket for their financial “eggs”. Note how banks communicate to the Gen Y market with the use of same-age celebrity and humor.