Sweetworxx, a Bosh automotive startup, offered a new car repair service app allowing for pick-up and delivery of your car so you don’t need to go to the repair shop. This presentation offered market sizing and tactical considerations to meet the goal of adding 5,000 customers in three months.
28. Millennial fun facts
1. Numbering roughly 77 million, millennials make
up about one‐fourth of the US population –
Nielsen
2. 43 percent of millennials in the US are
nonwhite, the largest share of any generation –
Pew Research Center
3. One‐fourth of millennials in the US speak a
language other than English at home – US
Census Bureau
4. Millennials in the US wield about $1.3 trillion in
annual buying power – Boston Consulting
Group
5. The median income for millennials in the US
who are year‐round, full‐time workers is
$33,883 – US Census Bureau
6. More than 85 percent of millennials in the US
own smartphones – Nielsen
7. US millennials touch their smartphones 45
times a day – SDL
8. 87 percent of millennials in the US age 18 to 29
use Facebook, with 53 percent Instagram, 37
percent Twitter and 34 percent on Pinterest –
Pew Research Center
9. 66 percent of millennials in the US follow a
company or brand on Twitter and 64 percent
like a company or brand on Facebook to score
a coupon or discount – University of
Massachusetts Dartmouth
10. Only 6 percent of millennials in the US
consider online advertising to be credible –
SocialChorus
11. For 95 percent of millennials in the US, friends
are the most credible source of product
information – SocialChorus
12. Almost 40 percent of millennials are more
likely than non‐Millennials to purchase items
associated with a particular cause – Boston
Consulting Group
13. 80 percent of millennials participate in loyalty
and reward programs – Aimia
14. 44 percent are willing to promote brands
through social media in exchange for rewards –
Adroit Digital
28
29. U.S. millennials comprise six distinct segments
29
Hip‐ennial
“I can make the world a better place.”
Cautious consumer, globally aware, charitable
and information hungry
Greatest user of social media but does not
push/contribute content
Female dominated, below‐average
employment (many are students and
homemakers)
Gadget Guru
“It’s a great day to be me.”
Successful, wired, free spirited, confident
and at ease
Feels this is his best decade
Greatest device ownership, pushes/
contributes to content
Male dominated, above‐average income,
single
Millennial Mom
“I love to work out, travel and pamper
my baby.”
Wealthy, family oriented, works out, confident
and digitally savvy
High online intensity
High social usage and information hungry
Can feel isolated from others by her daily
routine
Older, highest income
Clean and Green Millennial
“I take care of myself
and the world around me.”
Impressionable, cause driven, healthy, green
and positive
Greatest contributor of content, usually
cause related
Male dominated, youngest, more likely to be
Hispanic, full‐time student
Anti‐Millennial
“I’m too busy taking care of my business and
my family to worry about much else.”
Locally minded, conservative
Does not spend more for green products and
services
Seeks comfort and familiarity over excitement/
change/interruption
Slightly more female, more likely to be
Hispanic and from the Western U.S.
Old‐School Millennial
“Connecting on facebook is too impersonal,
let’s meet up for coffee instead!”
Not wired, cautious consumer and charitable
Confident, independent and self‐directed
Spends least amount of time online, reads
Older, more likely to be Hispanic
29%
16%
10%
13%
10%
Source: The Boston Consulting Group
22%
33. Top social media sites, apps and monthly active users
33
Social Outlet Description Users
Facebook is a free social networking website allowing registered users to create profiles,
upload photos and video, send messages and keep in touch with friends, family and
colleagues. Demo: 82% 18 – 29; 79% 30 – 49; 56% 65+
1.7B MAU
YouTube is a free video sharing website that makes it easy to watch online videos. You can
even create and upload your own videos to share. Eighty percent of YouTube’s views are
from outside the U.S. Largest demo is 25 – 34 @ 41MM
1B MAU
Instagram is a free mobile photo and video‐sharing service enabling users share them on the
app and other social networking platforms – Facebook, Twitter, Tumblr and Flickr. Demo:
53% 18 – 29; 25% 30 – 49; 11% 50 – 64; 6% 65+
500MM MAU
Twitter is a free microblogging service allowing registered members to broadcast short posts
called tweets up to 140 characters. Demo: 37% 18 – 29; 25% 30 ‐ 49
313MM MAU
Snapchat is a free mobile app that allows you to send videos and pictures, both of which will
self destruct after a few seconds of viewing. Demo: 45% 13 – 24; 26% 25 – 34; 13% 35 – 44
310MM MAU
Vine is a free video‐sharing app that enables users to record and share an unlimited number
of short, looping video clips with a maximum length of six seconds viewable directly in
Twitter's timeline or embedded into a web page
200MM MAU
Printerest is a free website where users can upload, save, sort and manage images and
videos (pins) through collections (pinboards). Demo: 85% of users are female, 34% 18 – 29;
28% 30 – 49; 27% 50 – 64
100MM MAU
Tumblr is mostly free (users can purchase a custom theme to change the appearance of
their blog). Users share anything: text, photos, quotes, links, music and videos from a
browser, phone, desktop, email. It’s a cross between a social networking sites (like
Facebook and Twitter) and a blog
30‐50MM
MAU
Sources: Pew Research Center, DMR Stats, Bloomberg,
statista.com, expandedramblings.com, zephoria.com,
Hootsuite, The Top Social Media Sites That Matter to
Marketers, March 2016