Joe Koufman - Vice President of Business Development and Marketing for Engauge Digital presented "Marketing to Millennials - Don't Phail!" to the Online Marketing Summit (OMS) in Atlanta on June 10, 2009.
2. What are Millennials? Born from 1985-2000 (currently ages 9-24) Millennials are the first generation to grow up digital – coming of age in a world where computers, the internet, videogames, and cell phones are common, and where expressing themselves through these tools is the norm. - Jonathan Fanton, President, MacArthur Foundation
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4. WHAT IS GENERATIONAL MARKETING? JUST A FAD? IMPORTANT YOUTH MARKETING? TRENDS CUSTOMIZE SHIFT HAPPENS PERSPECTIVE
5. Don’t Be THAT Guy: “ You know what I like about marketing to teenagers? My BRAND keeps getting older, but they stay the same age.”
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8. AMBITIOUS WHO THEY ARE TREND-SETTERS HIGHLY CONNECTED LAZY SELF-CENTERED SPOILED / CODDLED THE FUTURE INFLUENCERS YOUR KIDS DIGITAL NATIVES, NOT IMMIGRANTS
22. CHANGES IN MEDIA C T O I P M U S N O N TIVO MEDIA SNACKING YOUTUBE SKYPE HULU 138 Channels and nothing on
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24. In 1965, 80% of 18-49 year-olds in the US could be reached with three 60-second TV spots. In 2002, it required 117 prime-time commercials to do the same.” - Jim Stengel, Global Marketing Officer, Proctor & Gamble
25. Top 10 Media that Trigger an Online Search Source: BIGresearch , July 2007, for the Retail Advertising & Marketing Association (Sample Size: 15,430, age 18+) MEDIUM Age 18-24 Magazines 60% TV/Broadcast 45% Newspapers 30% TV / Cable 55% Face-to-Face 49% E-Mail Advertising 37% Direct Mail 26% Radio 31% Internet Advertising 41% Outdoor 16%
26. L I E V I T , I N T T O U E S INTERACTIVE IT’S A LIFESTYLE IT’S NOT JUST A TOOL! DIGITAL NATIVES, NOT IMMIGRANTS
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28. E U O I V L T O N TALKING OF A NEW KIND OF SOCIAL ANIMAL INVOLVEMENT FEEDBACK RELEVANCY CONNECTED OPENNESS TMI
Dazed and Confused – Matthew McConaugheyA company that has understood Generational marketing for a long time<number>
Dazed and Confused – Matthew McConaugheyA company that has understood Generational marketing for a long time<number>
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Socially, Millennials are markedly less cynical than older generations. Unlike many of their Boomer parents, Millennials don’t see government as the problem, they see it as an agent for the public benefit. Only 42% of Millennials agree with the statement, \"When something is run by the government, it is usually inefficient and wasteful“. This compares with agreement 62% overall. In another survey, 63% of 18-29 year olds said they believed the role of government should be to promote the principle of a strong community and policies that expand opportunity and promote prosperity for all, not just a few. <number>
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Not only is this a big diverse cohort, they have enormous purchasing power and their earning power is growing faster than for other age cohorts. In 2006, households headed by persons 18-24 had earnings before taxes of nearly $29,057, up 7.5% 2005-2006 alone. For comparison, U.S. income grew just 1.1% in the same period. What makes these figures even more astonishing is that 18-24 year olds by and large do not have families to support. 43% of 18-24 year olds are college students (National Center for Education Statistics). Less than 10% of 18-24 year old males are married.<number>
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What do you think when you see the words: Booty Call?24
Not Suitable for Work24
Not Safe For Work24
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We remember the Herbal Essences commercials based on the diner scene in When Harry Met Sally… but they did not move product.New packaging… fresh vernacular24
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Conservative companies leveraging new communication channels24
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Chick-fil-A of West Coast – quality food, great service, conservative values (bible verses on wrappers)Millennials respect authenticity even if they don’t always agree…24
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Gotta constantly change for this one, and small brands cant pull off as well…24
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Add value to the experience24
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Bailouts, scandals (Adelphia, Enron, Arthur Anderson) may change how Millennials feelBailouts of GM, Chrysler, banks, etc.First recession the Millennials have experienced (we has gas crisis, dot com bubble, housing bubble, etc.24