The Millennial generation will have a bigger impact on the future of media over the next five years than any other demographic group. But an Economist Group study finds many misconceptions about this group when it comes to their attitudes, media habits and their understanding of the relationship between media and marketing. Check out the study's global results,
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A deeper understanding of consumer needs and motivations is the key to unlocking a real understanding of social media and its users.
Social networks are becoming powerful hubs of interconnected communities but it’s not just people that are connecting in the social media space.
There is huge demand for a more social and interactive relationships with brands.
Almost half of the Active Internet Universe has already joined a brand community.
These communities are also clearly having a huge benefit to the brands involved, driving brand loyalty, endorsement and sales.
However, understanding the nature of social demand for each consumer, category and market is the key to creating a successful social media experience.
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The Millennial generation will have a bigger impact on the future of media over the next five years than any other demographic group. But a new Economist Group study finds many misconceptions about this group when it comes to their attitudes, media habits and their understanding of the relationship between media and marketing. Check out the UK results.
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Find the latest Wave, "Wave 7 - Cracking the Social Code" here http://www.slideshare.net/Wave7
The aftermath of the Boston marathon bombings showed social media at its best in providing quick, timely information as well as at its worst in helping to feed rumours and misinformation. It also caught a number of brands out who had scheduled, but failed to stop, promotional tweets.
In a talk at the 'Housing Goes Digital' conference, Rabbit's head of content Jim Shaughnessy used Boston and other major news events to show how the Internet has changed the way we consume news, and also how news stories are shaped.
The presentation then goes to show how real-time news leads to real-time marketing, and what this means for brands.
The Internet has fundamentally transformed the way people discover, share, connect and shop. It's time for marketers to transform the way they raise awareness and generate leads as well. Enjoy this eye-opening look at how search engines, social media, and mobile technology are transforming our lives—and how companies can embrace and utilize these tools to transform costly, low-yield marketing programs into finely-tuned lead-generation machines.
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Wave 5 - the socialisation of brands, told us that there was huge demand
for social interaction with brands. However, the nature and depth of this interaction varied wildly from person to person and category to category. But those brands that could create
the right experience benefitted enormously, driving brand loyalty, endorsement and
sales.
Find the latest Wave, "Wave 7 - Cracking the Social Code" here http://www.slideshare.net/Wave7
Social media is an incredibly dynamic environment. Terms like “friend” and “influencer” are no longer adequate.
A deeper understanding of consumer needs and motivations is the key to unlocking a real understanding of social media and its users.
Social networks are becoming powerful hubs of interconnected communities but it’s not just people that are connecting in the social media space.
There is huge demand for a more social and interactive relationships with brands.
Almost half of the Active Internet Universe has already joined a brand community.
These communities are also clearly having a huge benefit to the brands involved, driving brand loyalty, endorsement and sales.
However, understanding the nature of social demand for each consumer, category and market is the key to creating a successful social media experience.
Social Media Wave OCT2010 (Universal Mc Cann)Sociatria.com
Quinta edición de este estudio que lleva desde 2006 midiendo el impacto de las redes sociales y su influencia en los hábitos de los consumidores de diferentes países, incluyendo España. (en inglés)
The Millennial generation will have a bigger impact on the future of media over the next five years than any other demographic group. But a new Economist Group study finds many misconceptions about this group when it comes to their attitudes, media habits and their understanding of the relationship between media and marketing. Check out the UK results.
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That empowered digital consumers are forcing changes in marketing’s relationship with technology has become a truism. But how is the relationship between marketing and IT evolving? Check out the findings of our Economist Intelligence Unit report.
Consumers are living through their mobile phones, and few areas have been affected as much as retail. Economist Intelligence Unit research shows how consumers are leading the mobile charge and retailers are finding there is no turning back.
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The following presentation was originally presented at the LEAD365 conference in November 2015. It provides an overview of some of the important issues student leaders need to think through when engaging online.
The Millennial generation will have a bigger impact on the future of media over the next five years than any other demographic group. But a new Economist Group study finds many misconceptions about this group when it comes to their attitudes, media habits and their understanding of the relationship between media and marketing.
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This is the keynote presentation that I gave at the Millennial 20:20 conference in London on Wednesday March 13th 2016 that seeks to debunk some of the cliches and myths that limit our understanding of the millennial generation.
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https://www.vanksen.com/en/insights/content-drivers-for-global-brands
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Key Trends for 2016 and Beyond: Thrive in the Expectation Economy!AMASanDiego
MORNING KEYNOTE
9:00 – 9:50am
Title: Key Trends for 2016 and Beyond: Thrive in the Expectation Economy!
Keynote Speaker: MAXWELL LUTHY, Director of Trends & Insights, TrendWatching.com
Today’s professionals operate in an economy of ever-accelerating customer expectations, applied ruthlessly to every purchasing decision, experience and moment of attention. Marketers must harness insights from trends to make sure their innovations don’t fall short.
In his keynote discussion, Maxwell Luthy will present a selection of the most exciting and urgent trends for 2016 and beyond. Each trend will feature examples from across consumer-facing industries, gathered from a 3,000+ member spotter network that sends TrendWatching local innovations from Boston to Beijing.
Attendees will learn the importance of tracking consumer trends, as they are participants in a highly competitive Expectation Economy. After each trend, the audience will be asked to consider the implications and opportunities for their own business. Examples of best practices from around the U.S. and beyond will leave marketers feeling fired up to delight their own customers in 2016!
- See more at: http://sdama.org/events/2015-art-of-marketing-conference/#session-details
MTM - 2021 Seminar - Bright Side of Technology - Feb 2021SamuelWarner9
With lockdown shaping much of our experience in 2020 - and having a continued impact into 2021, the role of digital tools and platforms has never been more prominent. As a result, our relationship with technology - how we use it, and how we feel about it (or perhaps more importantly, how it makes us feel) is undergoing a transformation. The same digital platforms and devices we have told ourselves to detox from have become the only means of keeping in touch with others, providing us with endless entertainment and offering us community.
As we kick into 2021, we ask how brands can adapt to these changes, reaching out to displaced, remote consumers and meeting their expectation of a more positive role of tech.
1. A global research project exploring the media habits, attitudes and
behaviours of influential Millennials in 2015 - Global findings and data
INTRODUCING THE
GEN-NARRATORS
AUGUST 2015
2. “Millennials will be the
LARGEST GENERATION IN
THE WORKFORCE in 2015…
This is the year Millennials
claim their place in the global economy”.
(Fast Company, 2014)
5. AND MISUNDERSTOOD BY OUR INDUSTRY
“We naturally trust the
BBC, the New York Times
or the Guardian.
But younger people,
Millennials, don’t
naturally feel that way.
If they see something
on Buzzfeed or Vice,
or watching Periscope,
the way they react to
it is very different.”
Martin Sorrell
Source: http://www.theguardian.com/media/2015/jun/29/sir-martin-sorrell-traditional-media-too-stuffy-for-young-digital-readers / Bloom Worldwide
5
6. WE STARTED WITH TWO HYPOTHESIS
! NOT ALL MILLENNIALS ARE THE SAME
! TRADITIONAL MEDIA BRANDS STILL PLAY A
ROLE IN THEIR LIVES
Source: Bloom Worldwide
6
7. WE USED 2 DIFFERENT RESEARCH
APPROACHES TO TEST THIS HYPOTHESIS
For the purposes of this research, Millenials are defined as 18-33, Gen X as 34- 49, and Baby Boomers as 50-68 (although GWI data goes to age 65 only)
7
1. Quantitative survey data
! Global sample total size 89,100
(Millennials, Gen X & Baby
Boomers)
! Global Millennials 37,189
! Global influential Millennials
(Gen-narrators) 11,283
! 3 waves Q1, Q2, Q3 2014
! Habits, attitudes and behaviours
! GlobalWebIndex
2. Qualitative research panel
! Global sample of Gen-narrators
recruited
! Realtime online research
community
! Activity-based
! 128 participants
! Sample spans full Millennial age
ranges, location and gender split
! January – April 2015
! Bloom HARK
8. QUANT SAMPLE: 89,100
QUAL PARTICIPANTS: 128
TIMING: JAN-APR 2015
GLOBAL SCOPE
8
CLICK TO ADD SIGNPOST
Source: Bloom Worldwide
USA
Qt (22,619)
Ql (29)
BRAZIL
Qt (2,982)
Ql (11)
EU
Qt (18,896)
Ql (21)
RICH
ASIA
Qt (13,386)
Ql (8)
UK
Qt (22,540)
Ql (32)
INDIA
Qt (3,729)
Ql (23)
CHINA
Qt (5,947)
Ql (4)
France, Spain, Germany,
Netherlands, Italy Poland, Sweden
Singapore, Hong Kong, Japan,
Taiwan, South Korea, Australia
9. WE RAN SOME INITIAL RESEARCH INTO
THE MEDIA HABITS OF MILLENNIALS
Source: Bloom Worldwide
9
10. WE FOUND INTERESTING PATTERNS WHEN
WE SEGMENTED BY PSYCHOGRAPHIC
Source: Bloom Worldwide
10
11. ONE PARTICULAR GROUP OF
INFLUENTIAL MILLENNIALS STOOD OUT
Our sub-segment of Millennials are
defined by:
• Their topics of interest (technology,
politics, business, finance,
environment)
• Their ability to influence (they must
regularly be asked for their opinion
on above topics)
• Their ability to share (they must be
vocal online about above topics)
• We call them Gen-narrators
Source: Bloom Worldwide
11
12. GEN-NARRATORS HOLD A SPECIFIC TYPE
OF INFLUENCE – THEY ARE AUTHORITIES
Source: Bloom Worldwide
12
• Huge audience
• High popularity
• Viral potential
• Mainstream
• Pay in cash
• e.g. YouTube stars
• Focused
audience
• Specialists
• Interest networks
• Pay in knowledge
• e.g. tech blogger
• Well connected
• Consumers
• Share opinions
with close
network
• e.g. everyone
else
AMPLIFIERS GEN-NARRATORS FOLLOWERS
1% 29% 70%
13. WE CROSS-REFERENCED TO CHECK
INFLUENTIAL SEGMENTS OF OTHER
GENERATIONS
Source: GlobalWebIndex, global data, audience profiling raw numbers, Q1, Q2, Q3 2014
13
29%
21%
12%
MILLENNIALS GEN X BOOMERS
% of generation audience classified as ‘influential’ according to
same criteria used for ‘Gen-narrators’ quant analysis
14. WHO ARE WE TALKING ABOUT?
Source: HARK real-time online research community, Bloom Worldwide, China, March 2015
14
16. GEN-NARRATORS CONSUME MORE
NEWS MEDIA ONLINE
Source: GlobalWebIndex, Global data, time spent reading online print/press, Q1, Q2, Q3 2014
16
80% 72% 65% 53%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Gen-narrators Millennials Generation X Baby Boomers
Percentageuseofonlinenews
17. AND CONSUME MORE THAN
INFLUENCERS IN OTHER GENERATIONS
Source: GlobalWebIndex, global data, time spent reading online print/press, Q1, Q2, Q3 2014
17
80% 78% 71%72% 65% 53%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Millennials Generation X Baby Boomers
Percentageuseofonlinenews
INFLUENTIAL
ALL
18. WE FOUND A DIRECT CORRELATION
BETWEEN ONLINE MEDIA CONSUMPTION
AND BRAND ENGAGEMENT
40
50
60
70
80
90
100
40 50 60 70 80 90 100
Percentagewhoregularlyengagewith
brandsonline
Percentage who regularly consume online print/press
Source: GlobalWebIndex, Global data, time spent reading online print/press & brand activation, Q1– Q3 2014
18
Gen-narrators
Millennials
Gen X
Boomers
19. WE IDENTIFIED 4 STANDOUT TRAITS OF
GEN-NARRATORS
Source: Bloom Worldwide
19
Fact Finders Cultural DJs
Personal Brand
Managers
Influential
Advocates
20. 1. GEN-NARRATORS ARE FACT FINDERS
Source: Bloom Worldwide
! GEN-NARRATORS USE TRADITIONAL MEDIA BRANDS TO VALIDATE
THE CREDIBILITY OF INFORMATION
! GEN-NARRATORS TRUST TRADITIONAL MEDIA FOR AN UNBIASED
PERSPECTIVE
! GEN-NARRATORS INSTANTLY CHECK TRADITIONAL MEDIA WHEN
SOMETHING ‘BIG’ HAPPENS
! THEY ACTIVELY SEEK THE TRUTH
20
21. GEN-NARRATORS TRUST TRADITIONAL
MEDIA OVER ‘NEWER’ SOURCES
78%OF ‘MOST TRUSTED’ ONLINE
SOURCES WERE TRADITIONAL
Source: HARK real-time online research community, Bloom Worldwide, Global, April 2015, Activity 1: Which of these online
21
22. WHO DO YOU TRUST TO GIVE YOU THE
FACTS?
Source: HARK real-time online research community, Bloom Worldwide, Global, April 2015
22
“On any story that I read, before I
share I tend to fact check…..For
the most part I sort of trust your
bigger ones like New York Times”
Mason
Edwin
“[Millennial] Singaporeans… have an idea
of what’s true or flawed, thanks to the
wonder of the internet. Most of us have
developed critical thinking skills to
evaluate and have an unbiased
judgement in our heads.”
23. CASE STUDY: UK GEN-NARRATORS
VALIDATE CHARLIE HEBDO ATTACK NEWS
Source: HARK real-time online research community, Bloom Worldwide, UK, Forum discussion, January 2015
23
“I saw a few
videos pop up on
Facebook,
however I did
turn to the TV for
more info”
24. 2. GEN-NARRATORS ARE CULTURAL DJS
! GEN-NARRATORS REMIX CONTENT TO GIVE IT THEIR OWN TWIST
! THEY FAVOUR VISUAL MEDIA TO EVOKE A REACTION
WHEN TELLING THEIR STORY
! GEN-NARRATORS CAREFULLY CONSIDER WHAT THEY REMIX
IN THEIR ROLE AS CURATOR
24
25. GEN-NARRATORS ARE CURATORS OF
EXISTING CONTENT, AND BUILD NEW
CONTENT COLLABORATIVELY
Source: HARK real-time online research community, Bloom Worldwide, UK, Activity 5: Draw your role as a storyteller, January 2015
25
Anna
Lizzie
‘Video storytelling’ by Lizzie
28. 0
10000
20000
30000
40000
50000
60000
70000
80000
01/01/15 02/01/15 03/01/15 04/01/15 05/01/15 06/01/15 07/01/15 08/01/15 09/01/15 10/01/15
Total#RoadToRuinmentions
EVOLUTION OF #ROADTORUIN OVER
TIME
Source: Sysomos MAP, Bloom Worldwide analysis, UK and ‘unknown/unclassified’ online posts, 1-22 January 2015
#RoadToNowhere
#RoadToRuinparodies
#RoadToRuintweetstorm
#RoadToRuinprotestplatform
28
29. 3. GEN-NARRATORS ARE PERSONAL
BRAND MANAGERS
! GEN-NARRATORS TAKE THEIR PERSONAL ONLINE
BRAND SERIOUSLY
! THEY WANT TO CHANGE MINDS AND INSPIRE
ACTION FOR CAUSES THEY ARE PASSIONATE
ABOUT BUT ARE VERY MINDFUL OF TROLLING
AND CYBER BULLYING
Source: Bloom Worldwide
29
30. Tamara
Russell
GEN-NARRATORS USE THEIR INFLUENCE
TO BOOST PERSONAL BRAND
Source: HARK real-time online research community, Bloom Worldwide, Global, April 2015
30
“Sharing good content
helps you to be better
positioned (personal
branding) in your sector
(as a reference).”
“I share my opinions and
interests pretty readily, but
do so knowing that I am
influencing and sharing my
personal (online) 'brand’.”
31. GEN-NARRATORS HIGHLY VALUE THE
INTERNET FOR CHANGING OTHER
PEOPLE’S OPINIONS
Source: GlobalWebIndex, global data, internet usage motivations – ‘important to change other people’s opinions', Q1, Q2, Q3 2014
31
68% 62% 55% 38%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Gen-narrators Millennials Generation X Baby Boomers
Percentagewhobelievethe
internetisimportantforchanging
otherpeople’sopinions
32. GEN-NARRATORS THINK BEFORE THEY
SHARE OR COMMENT 32
Source: HARK real-time online research community, Bloom Worldwide, Global, April 2015
Richard
Raghav
“I will only comment on news stories
or start discussions if the topic is
compelling enough. I do however
like to share my opinion to what
should matter to the people, form
opinion and make a change.”
“By voicing an opinion you start to
fight for something, at least in
external perception. You brand
yourself rather easily, maybe with
something you weren’t really
passionate about in the first place.”
33. GEN-NARRATORS LOVE TO SHARE THEIR
OPINION IN DEBATES OFFLINE AS WELL
AS ONLINE
Source: HARK real-time online research community, Bloom Worldwide, India, March 2015
33
“I prefer a face-to-face debate.
The problem with online is that many
people don't quite decipher the
sentiment behind the written word.”
“Any of those topics that I feel
strongly about I like to comment and
sometimes even provoke discussions
amongst friends in an attempt to
change their mind or make them see
a new perspective.”
Katie
Jyotika
35. GEN-NARRATORS ARE AUTHENTIC
INFLUENCERS
Source: HARK real-time online research community, Bloom Worldwide, India, March 2015
“Yes, I do try to impact
other people’s opinions
on some issues. Absolutely.
However, I try to only do
that on the topics that I
am knowledgeable
about”
Jochem
36. GEN-NARRATORS SEE THE INTERNET AS
IMPORTANT FOR EXPRESSING
THEMSELVES
Source: GlobalWebIndex, global data, internet usage motivations – ‘important to express myself', Q1, Q2, Q3 2014
36
75% 71% 63% 50%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Gen-narrators Millennials Generation X Baby Boomers
Theinternetisvery/somewhat
importantforexpressingmyself
37. HOW DO THEY INFLUENCE?
Source: HARK real-time online research community, Bloom Worldwide, Global, April 2015
37
“Whenever I try to impact people’s
opinions I make sure it’s more about
raising their awareness on a subject
that I am interested in.”
Aaron
Anaelle
“(with my) YouTube channel I’m in a
position where I could mislead for
potential self gain but I don't, I like to
educate and share knowledge not
abuse my identity.”
38. GEN-NARRATORS LOVE TO POST THEIR
OPINIONS ABOUT PRODUCTS
Source: GlobalWebIndex, global data, influence and advocacy – ‘posted opinion online about product or service bought in past month’, Q1, Q2, Q3 2014
38
93% 77% 65% 46%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Gen-narrators Millennials Generation X Baby Boomers
Regularlypostopinionsabout
productsorservicesonline
39. Ally
Joash
BRAND ADVOCACY HAS TO BE
AUTHENTIC AND FIT WITH THEIR
PERSONAL BRAND
Source: HARK real-time online research community, Bloom Worldwide, Global, April 2015
39
“For me, it’s more about content. If you
talk about a brand that’s doing
something really interesting in a
campaign and the content is interesting
then I would share that.”
“I believe that it’s important to support the
brands that you trust and you feel
comfortable promoting.”
41. TRADITIONAL AND SOCIAL WORK
TOGETHER, FEEDING OFF EACH OTHER
TRADITIONAL
MEDIA BRANDS
SOCIAL
AUDIENCE
SOCIAL FEED
Source: Bloom Worldwide
41
Discover new content
Breaking news
Check the facts Depth and analysis
Post and share
Gain feedback
43. ALLOW THEM TO DEBATE THEIR PASSIONS
IN A SAFE ENVIRONMENT
Source: Bloom Worldwide
43
Provide a
For them to debate
SAFE AND FOCUSED SPACE
44. ENCOURAGE ADVOCACY BY ADDING
VALUE TO THEIR PERSONAL BRANDS
Source: Bloom Worldwide
44
Give them a
That boosts their brand
REASON TO RECOMMEND
45. THEY CAN BECOME AUTHENTIC AND
TRUSTED CONTENT DISTRIBUTERS
Source: Bloom Worldwide
45
Because they are
Your messages will spread
TRUSTED CURATORS
46. Nana
“I get really happy,
and I feel flattered when
people trust me to
influence the way they
think. I hope I play this role
with a lot of responsibility.”
THE FINAL WORD FROM ONE OF OUR
GEN-NARRATORS…
Source: HARK real-time online research community, Bloom Worldwide, Global, April 2015
46
48. DEFINITION OF GENERATIONS
Source: * GlobalWebIndex quant data for Boomers extends to age 65 only / Bloom Worldwide
48
MILLENNIALS
18-35
GENERATION X
36-50
BABY BOOMERS
51-68*