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BUZZMEDIA: Digital Quicksilver

Feb. 20, 2013
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BUZZMEDIA: Digital Quicksilver

  1. DIGITAL QUICKSILVER HOW MARKETERS CAN HARNESS INFLUENCE TO DRIVE BRAND AFFINITY A STUDY OF MILLENNIALS BY BUZZMEDIA #smwBUZZMEDIA
  2. BUZZMEDIA EXPLORED THE KEY DRIVERS OF INFLUENCE TO UNDERSTAND THE COMPLEX RELATIONSHIP BETWEEN BRANDS, CONTENT, INFLUENCERS AND MILLENNIALS. #SmwBUZZMEDIA
  3. WE PARTNERED WITH NEWSTREAM, A ‘VALUE- ADDED’ MARKET RESEARCH & STRATEGY CONSULTING BOUTIQUE TO HELP UNLOCK THE DYNAMICS OF INFLUENCE. #SmwBUZZMEDIA
  4. METHODOLOGY
  5. RESEARCH APPROACH LOS ANGELES CHICAGO NEW YORK 6 FOCUS SOCIALLY ACTIVE 1,228 SURVEYS OF GROUPS ONLINE U.S. U.S. MILLENNIALS (2 PER MARKET) MILLENNIALS CONDUCTED (AGED 18-34) BETWEEN 1/2/2013 - 1/11/2013 #SmwBUZZMEDIA
  6. KEY FINDINGS
  7. MILLENNIALS POSSESS ‘CORE VALUES’ THAT IMPACT THE POTENTIAL INFLUENCE OF BRANDS, CONTENT AND INDIVIDUALS. #SmwBUZZMEDIA
  8. TRUST, CREDIBILITY AND AUTHENTICITY ARE THE DOMINANT DRIVERS OF INFLUENCE. OF MILLENNIALS RANK 80% ‘TRUST’, ‘CREDIBILITY’ AND ‘AUTHENTICITY’ AS THE MOST IMPORTANT ELEMENTS THAT IMPACT IF A BRAND, CONTENT OR INDIVIDUAL INFLUENCER IS CONSIDERED INFLUENTIAL. #SmwBUZZMEDIA
  9. THESE CORE VALUES MUST BE PRESENT IN THE BRAND, CONTENT AND INFLUENCER IN ORDER TO EFFECTIVELY SWAY MILLENNIALS AND CREATE A SECTION DIVIDER DRIVE THEM TO ACTION. WITH A LARGE PHOTO AND SOME TYPE #SmwBUZZMEDIA
  10. TRUST IS NON-NEGOTIABLE. IT IS A PRECONDITION. IT SETS THE FOUNDATION FOR THE ENTIRE RELATIONSHIP. IF A CONSUMER DOESN’T TRUST YOU,YOU’RE NOWHERE. #SmwBUZZMEDIA
  11. “A BRAND IS A PART OF YOUR LIFE THAT YOU WILL ACTUALLY ARGUE ABOUT.”
  12. CREDIBILITY & AUTHENTICITY NEED TO BE MANAGED WITH CARE TO IMPACT MILLENNIAL CONSUMERS. #SmwBUZZMEDIA
  13. “WE KNOW BRANDS ARE TRYING TO SELL YOU SOMETHING, BUT THERE IS A RELATIONSHIP OUTSIDE OF BEING A CONSUMER.”
  14. BRANDS, CONTENT AND INFLUENCERS LIVE IN SYNERGY. EACH ADDS LOGIC & STRENGTH AND REINFORCES THE CORE VALUES. #SmwBUZZMEDIA
  15. “I IMMEDIATELY NOTICED WHEN THE GAWKER SITE WENT DOWN AND STATE FARM STEPPED IN. I HAVE STATE FARM INSURANCE AND LIKE THEM EVEN MORE NOW THAT THEY BROUGHT ME GAWKER.”
  16. INFLUENCE IS NOT AN ENTITY. INFLUENCE IS A PROCESS. ONE WHICH NEEDS TO BE MANAGED PROPERLY TO BE MOST EFFECTIVE. #SmwBUZZMEDIA
  17. BUILDING BRAND INFLUENCE
  18. A) “A BRAND IS MUCH MORE EXISTENTIAL - IT TAKES A LOT TO BE A BRAND...” B) “WHILE EVERY BRAND IS A PRODUCT NOT EVERY PRODUCT IS A BRAND...” C) “A BRAND EXTENDS TO WHAT THEY REPRESENT - IT’S BEYOND A PRODUCT...” 19
  19. MILLENNIALS HOLD STRONGLY FORMED OPINIONS ABOUT BRANDS. 85% 81% 77% WHAT A WHAT A MEASURE OF COMPANY DISTINGUISHES A QUALITY REPRESENTS PRODUCT Q. What is a brand? Do you consider a brand to be…... #SmwBUZZMEDIA
  20. MILLENNIALS THINK INFLUENTIAL BRANDS SHOULD BE CREATIVE (92%), INNOVATIVE (87%), COMPASSIONATE (79%), CREATE A SECTION DIVIDER WITH A LARGE PHOTO AND & STYLISH (79%) SOME TYPE HUMOROUS. (74%) Q. How important are each of the following brand characteristics or personality traits in determining whether a brand is influential to you online? #SmwBUZZMEDIA
  21. WOMEN SEEK COMPASSIONATE BRANDS, MEN SEEK FUNNY WOMEN CREATIVE #1 ONES. INNOVATIVE #2 COMPASSIONATE #3 BOTH VALUE STYLISH #4 CREATIVITY & MEN INNOVATION. CREATIVE #1 INNOVATIVE #2 HUMOROUS #3 STYLISH #4
  22. INFLUENTIAL BRAND DISCOVERY EXPERIENCES BEGIN WITH CREATE A SECTION DIVIDER BRAND WEBSITES 52% CONTENT & WITH A LARGE PHOTO AND NON-BRAND SITES 52% TAKE FLIGHT ADS 42% SOME TYPE VIA SOCIAL. CELEBRITY ENDORSEMENTS 40% SITE EDITOR 40% SOCIAL MEDIA 39% TOPIC AREA EXPERT 32% Q.11. Generally, how influential are the following online sources when obtaining information on brands and/or products?
  23. SOCIAL MEDIA PLAYS A CRITICAL ROLE IN HOW MILLENNIALS INTERACT WITH BRANDS. OF MILLENNIALS 76% FOLLOW BRANDS VIA SOCIAL MEDIA Q.6. How do you most typically interact with brands online? #SmwBUZZMEDIA
  24. SOCIAL MEDIA & BRAND DISCOVERY
  25. MILLENNIALS ARE ACTIVELY ENGAGED WITH BRANDS ON SOCIAL MEDIA. 80 60 76 76 73 70 40 45 20 0 FOLLOW SHARE SHARE SHARE SHARE BRANDS ITEMS ARTICLES, ITEMS ITEMS FROM CLIPS, FROM FROM FRIENDS ETC. BRANDS CELEBS
  26. MILLENNIALS WELCOME BRANDS INTO THEIR STREAM & SHARE THE BEST. BRANDS NEED TO FOCUS ON PRODUCING GREAT CONTENT WORTHY OF SHARING. 40% REGULARLY RECEIVE USEFUL INFO FROM BRANDS Q. How much do you agree with the following statements? Top 3 boxes (in 10 point agreement scale) #SmwBUZZMEDIA
  27. MILLENNIAL BRAND DISCOVERY IS FUELED BY TRUSTED SOURCES. 54% 50% 44% FRIENDS & FAMILY FROM TOPIC FROM SITE EXPERT EDITOR “I WILL CHECK OUT A BRAND THAT RECEIVED RECOMMENDATIONS FROM...” #SmwBUZZMEDIA
  28. BRAND DISCOVERY INCREASES AMONG MILLENNIALS THAT SPEND MORE TIME ONLINE. 60 58 54 45 51 49 45 30 40 15 0 FRIENDS & FAMILY TOPIC EXPERT SITE EDITOR LESS THAN 20 HRS PER WEEK ONLINE MORE THAN 20 HOURS PER WEEK ONLINE “I WILL CHECK OUT A BRAND THAT RECEIVED RECOMMENDATIONS FROM...”
  29. MILLENNIALS REWARD BRANDS & CONTENT THAT ARE PROPERLY ALIGNED. 34% 36% VIEW OF BRAND CHANGED VIEW OF SITE CHANGED POSITIVELY FROM POSITIVELY FROM ASSOCIATION WITH SITE OR ASSOCIATION WITH SITE EDITOR BRAND Q. How much do you agree with the following statements? Top 3 Boxes (in 10 point agreement scale) #SmwBUZZMEDIA
  30. THE POWER OF INDIVIDUAL INFLUENCERS
  31. WE DEVELOPED AN INFLUENCER SPECTRUM TO MEASURE HOW MILLENNIALS VIEW INDIVIDUAL INFLUENCERS BASED ON TOPIC EXPERTISE AND FAME. #SmwBUZZMEDIA
  32. LOW TOPICAL TOPIC EXPERT EXPERTISE WITH WITH DEGREE OF FAME BROAD FAME BROAD FAME LOW TOPICAL TOPIC EXPERT EXPERTISE WITH WITH CONTEXTUAL FAME CONTEXTUAL FAME DEGREE OF TOPICAL EXPERTISE
  33. MILLENNIALS VALUE TOPIC EXPERTISE ABOVE ALL WHEN SEEKING INFORMATION FROM INFLUENCERS ABOUT BRANDS. #SmwBUZZMEDIA
  34. INFLUENCERS NEED TO BE INTIMATELY INVOLVED IN THE SPHERE OF ACTIVITY THEY ARE REPRESENTING - NOT JUST BROUGHT IN BECAUSE THEY ARE POPULAR.”
  35. TOPIC EXPERTS HAVE HIGHEST CREDIBILITY WITHIN ALL CATEGORIES. BROAD FAME CONTEXTUAL FAME MUSIC 48% 40% APPAREL & FASHION 44% 47% CONSUMER ELEC 39% 37% RESTAURANTS 38% 38% TRAVEL 36% 36% AUTO 35% 36% CPG PRODUCTS 34% 32% CREDIT & FINANCE 30% 29% Q.12. How credible is this “type” of individual when you are obtaining information on...?
  36. TOPIC EXPERTS EXUDE AUTHENTICITY & CREDIBILITY. CONSUMERS RESPECT THEIR KNOWLEDGE & VALUE ENGAGING IN A DIALOGUE WITH THEM VIA SOCIAL MEDIA. #SmwBUZZMEDIA
  37. TOPIC EXPERTS CAN IGNITE CONSUMER PASSIONS ABOUT BRANDS, AS LONG AS THERE EXISTS A TRUSTED & AUTHENTIC CONNECTION BETWEEN BRAND AND THE INFLUENCER. #SmwBUZZMEDIA
  38. TOPIC EXPERTS CAN HELP INCREASE BRAND AWARENESS, INTEREST, AFFINITY AND PURCHASE CONSIDERATION. 50 46 48 41 42 43 42 43 37.5 38 39 36 36 35 32 31 31 25 27 12.5 0 BRAND AWARENESS BRAND INTEREST BRAND AFFINITY CONSIDER PURCHASING BRAND TOPIC EXPERT / BROAD FAME TOPIC EXPERT / CONTEXTUAL FAME LOW TOPICAL EXPERTISE / BROAD FAME LOW TOPICAL EXPERTISE / BROAD FAME Q.4. How influential is this “type” of individual in...?
  39. MILLENNIALS VIEW BRANDS AS A ‘MEASURE OF QUALITY’. TRUST, CREDIBILITY & AUTHENTICITY ARE ‘CORE VALUES’ THAT SHAPE INFLUENCE. MILLENNIALS WELCOME BRANDS INTO THEIR LIVES & SHARE THE BEST CONTENT. BRAND DISCOVERY IS FUELD BY TRUSTED SOURCES VIA SOCIAL MEDIA. ALIGNMENT WITH TOPIC EXPERTS CAN AID BRAND DISCOVERY, EXPAND INFLUENCE & INCREASE RESULTS. #SmwBUZZMEDIA
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