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A	
  Tough	
  Nut	
  to	
  Crack:	
  
Marke2ng	
  to	
  Millennials	
  
	
  
Agenda	
  
①  Millennials	
  –	
  Why	
  Should	
  We	
  Care	
  
②  The	
  Millennial	
  Mindset	
  
③  Best	
  Prac2ces	
  
①  Key	
  Principles	
  
②  Tac2cs	
  
③  Examples	
  
	
  
	
  
Why	
  Should	
  We	
  Care?	
  
Key	
  considerations	
  
	
  
Key	
  considerations	
  
•  Millennial	
  spending	
  power	
  2014:	
  $213	
  Billion	
  
•  In	
  2017	
  Millennials	
  are	
  predicted	
  to	
  outspend	
  
baby	
  boomers1	
  
•  Millennials	
  are	
  "low	
  on	
  social	
  trust,"	
  according	
  
to	
  Pew	
  Research	
  Center2	
  
•  Just	
  19	
  percent	
  say	
  most	
  people	
  can	
  be	
  trusted,	
  
compared	
  with	
  31	
  percent	
  of	
  Gen	
  Xers	
  and	
  40	
  
percent	
  of	
  baby	
  boomers.	
  	
  
•  For	
  retail	
  that	
  translates	
  to	
  a	
  genera2on	
  that	
  is	
  
brand	
  aware,	
  but	
  cynical	
  =	
  not	
  brand	
  loyal	
  
The	
  Millennial	
  Mindset	
  
THE	
  Question	
  
	
  
How	
  can	
  we	
  connect	
  and	
  
influence	
  this	
  important	
  
consumer	
  and	
  customer	
  
group?	
  
Habits	
  
Beliefs	
  
Behaviors	
  
Motivations	
  
Expectations	
  	
  
Selling	
  Needs	
  to	
  Change	
  
Selling	
  to	
  Millennials	
  in	
  a	
  B2B	
  environment	
  can	
  not	
  follow	
  our	
  
usual	
  selling	
  process	
  with	
  a	
  mul2-­‐step	
  approach.	
  
	
  
Millennials	
  are	
  outcome-­‐driven	
  –	
  we	
  need	
  to	
  show	
  them	
  the	
  
result	
  they	
  will	
  get	
  and	
  want	
  and	
  work	
  the	
  sales	
  process	
  
backwards!	
  
Best	
  Practice	
  
Key	
  Principles	
  
5	
  Strategic	
  Marketing	
  Principles	
  to	
  Reach	
  Millennials	
  
Be	
  na&ve,	
  not	
  decep&ve	
  
	
  
5	
  Strategic	
  Marketing	
  Principles	
  to	
  Reach	
  Millennials	
  
Be	
  na&ve,	
  not	
  decep&ve	
  
	
  
Show	
  your	
  brand	
  personality	
  
	
  
5	
  Strategic	
  Marketing	
  Principles	
  to	
  Reach	
  Millennials	
  
Be	
  na&ve,	
  not	
  decep&ve	
  
	
  
Show	
  your	
  brand	
  personality	
  
	
  
Create	
  emo&onal	
  content	
  and	
  know	
  that	
  humor	
  rules	
  
	
  
5	
  Strategic	
  Marketing	
  Principles	
  to	
  Reach	
  Millennials	
  
Be	
  na&ve,	
  not	
  decep&ve	
  
	
  
Show	
  your	
  brand	
  personality	
  
	
  
Create	
  emo&onal	
  content	
  and	
  know	
  that	
  humor	
  rules	
  
	
  
No	
  judgement	
  –	
  ever	
  
	
  
5	
  Strategic	
  Marketing	
  Principles	
  to	
  Reach	
  Millennials	
  
Be	
  na&ve,	
  not	
  decep&ve	
  
	
  
Show	
  your	
  brand	
  personality	
  
	
  
Create	
  emo&onal	
  content	
  and	
  know	
  that	
  humor	
  rules	
  
	
  
No	
  judgement	
  –	
  ever	
  
	
  
Be	
  part	
  of	
  their	
  local	
  environment	
  
	
  
	
  
Tactics	
  
One	
  Step	
  at	
  a	
  Time	
  
Experiment	
  and	
  make	
  Millennials	
  a	
  part	
  of	
  it:	
  
•  Introduce	
  a	
  new	
  product	
  or	
  service	
  as	
  a	
  pilot	
  on	
  your	
  Social	
  
Media	
  channels	
  
•  Be	
  craay	
  and	
  share	
  engaging	
  content	
  on	
  Social	
  Media	
  –	
  one	
  pic	
  a	
  
day	
  of	
  your	
  favorite	
  coffee,	
  sweater,	
  sneaker	
  etc.	
  
•  Get	
  out	
  of	
  your	
  comfort	
  zone	
  when	
  it	
  comes	
  to	
  messaging	
  and	
  
adver2sing	
  –	
  disrupt	
  to	
  be	
  shareworthy,	
  give	
  Millennials	
  the	
  
tools	
  to	
  curate	
  content	
  for	
  their	
  friends	
  
Identify	
  Brand	
  Ambassadors 	
   	
  	
  
Find	
  influen2al	
  millennials	
  in	
  your	
  community	
  and	
  make	
  them	
  
part	
  of	
  your	
  brand:	
  
	
  
•  Feature	
  their	
  favorite	
  products,	
  places	
  to	
  eat	
  etc.	
  
•  Give	
  them	
  free	
  coupons	
  to	
  hand	
  out	
  to	
  their	
  friends	
  
•  Host	
  a	
  meet	
  &	
  greet	
  or	
  casual	
  hang-­‐out	
  
•  Sponsor	
  a	
  cause	
  they	
  care	
  about	
  
•  Have	
  them	
  curate	
  content	
  for	
  their	
  followers	
  
They	
  Care	
  if	
  You	
  Care	
  
Connect	
  your	
  brand	
  to	
  a	
  cause	
  Millennials	
  care	
  about	
  
	
  
Emotion	
  Beats	
  Function	
  
Create	
  an	
  instant	
  connec2on	
  with	
  pictures	
  to	
  convey	
  emo2ons	
  
and	
  words	
  to	
  instantly	
  connect	
  with	
  your	
  target	
  audience	
  
It’s	
  All	
  About	
  Them 	
  	
  
Millennials	
  don’t	
  come	
  to	
  your	
  office	
  for	
  long	
  mee2ngs	
  –	
  you	
  
need	
  to	
  come	
  to	
  them!	
  
	
  
•  Offer	
  videoconferencing	
  
•  Inform	
  them	
  via	
  text	
  messages	
  about	
  important	
  updates	
  
•  Split	
  longer	
  sessions	
  in	
  shorter,	
  30-­‐minute	
  mee2ngs	
  
Re-­‐Invent	
  Your	
  Thinking	
  
Look	
  at	
  collateral	
  and	
  content	
  you	
  produce	
  with	
  a	
  fresh	
  eye	
  and	
  
re-­‐invent	
  how	
  you	
  communicate.	
  
	
  
	
  
Be	
  Part	
  of	
  the	
  Flow	
  
Re-­‐consider	
  your	
  marke2ng	
  processes	
  to	
  act	
  quickly	
  when	
  
trends	
  come	
  up:	
  
•  Ice	
  Bucket	
  Challenge	
  
•  TV	
  hit	
  series	
  (Game	
  of	
  Thrones,	
  Scandal)	
  
•  90’s	
  retro	
  wave	
  
Examples	
  
B2C:	
  Restaurants 	
  	
  
Domino’s	
  Pizza	
  Web-­‐ordering	
  planorm	
  takes	
  away	
  the	
  pressure	
  
to	
  decide	
  on	
  the	
  spot	
  when	
  ordering	
  via	
  phone.	
  It	
  also	
  makes	
  it	
  
very	
  easy	
  to	
  order	
  with	
  just	
  a	
  few	
  clicks.	
  
	
  
	
  
	
  
	
  
	
  
“It	
  takes	
  me	
  a	
  while	
  to	
  decide	
  what	
  I	
  want	
  and	
  it’s	
  nice	
  to	
  be	
  
able	
  to	
  look	
  over	
  everything	
  as	
  opposed	
  to	
  being	
  pressured	
  on	
  
the	
  phone.”	
  
B2C:	
  Restaurants 	
  	
  
Dunkin	
  Donuts	
  makes	
  Millennials	
  part	
  of	
  their	
  brand	
  with	
  their	
  
#mydunkin	
  campaign	
  and	
  rewards	
  their	
  loyalty	
  with	
  giveaways	
  
	
  
	
  
	
  
	
  
	
  
B2C:	
  Retail	
  
Kendall	
  Jackson	
  is	
  a	
  winery	
  who	
  developed	
  a	
  mobile	
  app	
  which	
  
does	
  everything	
  Millennials	
  love:	
  it	
  provides	
  instant	
  informa2on,	
  
it	
  educated	
  and	
  make	
  them	
  look	
  good	
  when	
  they	
  talk	
  about	
  
wine	
  and	
  it	
  includes	
  gamifica2on	
  to	
  earn	
  rewards.	
  
	
  
	
  
B2B/B2C:	
  Services	
  
Adobe,	
  AMEX	
  and	
  AirBnB	
  are	
  great	
  examples	
  of	
  informa2on	
  hubs	
  –	
  they	
  provide	
  
	
  value	
  through	
  original	
  content	
  without	
  any	
  sales	
  pitch.	
  
You	
  made	
  it!	
  
	
  
	
  
	
  
	
  
Kirsten	
  Furman	
  and	
  Miriam	
  Christof	
  
miriam@justjumpmarke2ng.com	
  
Call	
  me	
  at	
  781.366.5549	
  
Follow	
  me	
  on	
  Twixer:	
  @miriamchristof	
  
Visit	
  our	
  website:	
  
www.justjumpmarke2ng.com	
  
Let’s	
  have	
  a	
  coffee!	
  
Annotations	
  
1	
  According	
  to	
  a	
  study	
  by	
  Berglass	
  +	
  Associates	
  and	
  Womens	
  Wear	
  Daily	
  
2	
  	
  Pew	
  Research	
  Center,	
  Millennials	
  in	
  Adulthood,	
  hxp://www.pewsocialtrends.org/	
  	
  	
  2014/03/07/
millennials-­‐in-­‐adulthood/	
  
	
  
Read	
  More	
  
•  Meet	
  the	
  Millennials:	
  The	
  consumers	
  to	
  change	
  the	
  
marke2ng	
  landscape	
  
•  Millennial	
  Marke2ng	
  
•  How	
  Millennials	
  are	
  shopping	
  

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Marketing to Millennials: 5 Principles and Tactics

  • 1.   A  Tough  Nut  to  Crack:   Marke2ng  to  Millennials    
  • 2. Agenda   ①  Millennials  –  Why  Should  We  Care   ②  The  Millennial  Mindset   ③  Best  Prac2ces   ①  Key  Principles   ②  Tac2cs   ③  Examples      
  • 3. Why  Should  We  Care?  
  • 5. Key  considerations   •  Millennial  spending  power  2014:  $213  Billion   •  In  2017  Millennials  are  predicted  to  outspend   baby  boomers1   •  Millennials  are  "low  on  social  trust,"  according   to  Pew  Research  Center2   •  Just  19  percent  say  most  people  can  be  trusted,   compared  with  31  percent  of  Gen  Xers  and  40   percent  of  baby  boomers.     •  For  retail  that  translates  to  a  genera2on  that  is   brand  aware,  but  cynical  =  not  brand  loyal  
  • 7. THE  Question     How  can  we  connect  and   influence  this  important   consumer  and  customer   group?  
  • 13. Selling  Needs  to  Change   Selling  to  Millennials  in  a  B2B  environment  can  not  follow  our   usual  selling  process  with  a  mul2-­‐step  approach.     Millennials  are  outcome-­‐driven  –  we  need  to  show  them  the   result  they  will  get  and  want  and  work  the  sales  process   backwards!  
  • 16. 5  Strategic  Marketing  Principles  to  Reach  Millennials   Be  na&ve,  not  decep&ve    
  • 17. 5  Strategic  Marketing  Principles  to  Reach  Millennials   Be  na&ve,  not  decep&ve     Show  your  brand  personality    
  • 18. 5  Strategic  Marketing  Principles  to  Reach  Millennials   Be  na&ve,  not  decep&ve     Show  your  brand  personality     Create  emo&onal  content  and  know  that  humor  rules    
  • 19. 5  Strategic  Marketing  Principles  to  Reach  Millennials   Be  na&ve,  not  decep&ve     Show  your  brand  personality     Create  emo&onal  content  and  know  that  humor  rules     No  judgement  –  ever    
  • 20. 5  Strategic  Marketing  Principles  to  Reach  Millennials   Be  na&ve,  not  decep&ve     Show  your  brand  personality     Create  emo&onal  content  and  know  that  humor  rules     No  judgement  –  ever     Be  part  of  their  local  environment      
  • 22. One  Step  at  a  Time   Experiment  and  make  Millennials  a  part  of  it:   •  Introduce  a  new  product  or  service  as  a  pilot  on  your  Social   Media  channels   •  Be  craay  and  share  engaging  content  on  Social  Media  –  one  pic  a   day  of  your  favorite  coffee,  sweater,  sneaker  etc.   •  Get  out  of  your  comfort  zone  when  it  comes  to  messaging  and   adver2sing  –  disrupt  to  be  shareworthy,  give  Millennials  the   tools  to  curate  content  for  their  friends  
  • 23. Identify  Brand  Ambassadors       Find  influen2al  millennials  in  your  community  and  make  them   part  of  your  brand:     •  Feature  their  favorite  products,  places  to  eat  etc.   •  Give  them  free  coupons  to  hand  out  to  their  friends   •  Host  a  meet  &  greet  or  casual  hang-­‐out   •  Sponsor  a  cause  they  care  about   •  Have  them  curate  content  for  their  followers  
  • 24. They  Care  if  You  Care   Connect  your  brand  to  a  cause  Millennials  care  about    
  • 25. Emotion  Beats  Function   Create  an  instant  connec2on  with  pictures  to  convey  emo2ons   and  words  to  instantly  connect  with  your  target  audience  
  • 26. It’s  All  About  Them     Millennials  don’t  come  to  your  office  for  long  mee2ngs  –  you   need  to  come  to  them!     •  Offer  videoconferencing   •  Inform  them  via  text  messages  about  important  updates   •  Split  longer  sessions  in  shorter,  30-­‐minute  mee2ngs  
  • 27. Re-­‐Invent  Your  Thinking   Look  at  collateral  and  content  you  produce  with  a  fresh  eye  and   re-­‐invent  how  you  communicate.      
  • 28. Be  Part  of  the  Flow   Re-­‐consider  your  marke2ng  processes  to  act  quickly  when   trends  come  up:   •  Ice  Bucket  Challenge   •  TV  hit  series  (Game  of  Thrones,  Scandal)   •  90’s  retro  wave  
  • 30. B2C:  Restaurants     Domino’s  Pizza  Web-­‐ordering  planorm  takes  away  the  pressure   to  decide  on  the  spot  when  ordering  via  phone.  It  also  makes  it   very  easy  to  order  with  just  a  few  clicks.             “It  takes  me  a  while  to  decide  what  I  want  and  it’s  nice  to  be   able  to  look  over  everything  as  opposed  to  being  pressured  on   the  phone.”  
  • 31. B2C:  Restaurants     Dunkin  Donuts  makes  Millennials  part  of  their  brand  with  their   #mydunkin  campaign  and  rewards  their  loyalty  with  giveaways            
  • 32. B2C:  Retail   Kendall  Jackson  is  a  winery  who  developed  a  mobile  app  which   does  everything  Millennials  love:  it  provides  instant  informa2on,   it  educated  and  make  them  look  good  when  they  talk  about   wine  and  it  includes  gamifica2on  to  earn  rewards.      
  • 33. B2B/B2C:  Services   Adobe,  AMEX  and  AirBnB  are  great  examples  of  informa2on  hubs  –  they  provide    value  through  original  content  without  any  sales  pitch.  
  • 34. You  made  it!           Kirsten  Furman  and  Miriam  Christof   miriam@justjumpmarke2ng.com   Call  me  at  781.366.5549   Follow  me  on  Twixer:  @miriamchristof   Visit  our  website:   www.justjumpmarke2ng.com   Let’s  have  a  coffee!  
  • 35. Annotations   1  According  to  a  study  by  Berglass  +  Associates  and  Womens  Wear  Daily   2    Pew  Research  Center,  Millennials  in  Adulthood,  hxp://www.pewsocialtrends.org/      2014/03/07/ millennials-­‐in-­‐adulthood/    
  • 36. Read  More   •  Meet  the  Millennials:  The  consumers  to  change  the   marke2ng  landscape   •  Millennial  Marke2ng   •  How  Millennials  are  shopping