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Engaging with
Millennials in
the Right Way
September 2015
© XPotential 2015
Who are the Millennials?
• Most experts agree that Millennials encompasses
those born from the early ‰’80s to the early 2000s.
• They are both the 20th century’s last generation
and its first truly digital one.
• Millennials are the offspring of the baby boomers
(people born between 1946 and 1964).
2
Source: www.education-portal.com
www.visioncritical.com
• Millennials are poised to become the most
educated generation in history, according
to a recent Pew Research Center study.
• People sometimes refer to the Millennials
as Echo Boomers, Generation Y, the
Internet Generation, iGen, and the Net
Generation.
© XPotential 2015
What are the Challenges in Engaging
with Millennial Consumers?
The millennial lifestyle is mostly about multitasking, accelerated communication,
constant connection, and immediate gratification. It is a lifestyle that typically
contradicts traditional marketing and research methods.
3
• Always multi-tasking
• Constant connection
• Short attention span
• An appetite for collaboration
• A very diverse group
Source: www.visioncritical.com
© XPotential 2015
1. Always Multi-Tasking
Many younger Millennials are screenagers’, multi-tasking consumers who
utilise multiple screens and multiple devices at the same time
4
© XPotential 2015
The Multitasking Life
On average, Millennials tend to use
three different devices at the
same time—with at least two of
those devices having screens (e.g.,
computer, iPad, phone, TV) and at
least two of them communications-
oriented (e.g., phone, email,
Facebook, or other IM).
5
Source: www.trendspot.com
© XPotential 2015
High Expectations and Little Time
• Millennials navigate busy digital
lives, their brains have been
rewired to organize and
consume content differently.
• This raises their expectations of
what content needs to be
delivered, and how quickly it
gets there.
6
© XPotential 2015
2. Constant Connection
Millennials are a generation that grew up with the Internet,
and are known for their tweeting, snapchatting, friending, checking-in, texting,
and selfie-taking
7
• They sleep with their mobiles
and post status updates from
the bathroom
• 74% feel that technology
makes their lives easier
© XPotential 2015
Connected but Listening?
• BUT it doesn't mean that they're listening…
• Millennials only absorb a fraction of what they hear, read, and see, because
they live in a world of information overload.
80% of millennials are
known to use two or more
Internet enabled devices
while watching TV
Source: www.adage.com
© XPotential 2015
• Millennial Shoppers are more likely to use
mobile phones when shopping online and
are also most likely than any other age
group to browse products on their
smartphones when they visit a store.
• Millennials expect a seamless online
experience regardless of the device and
what they‰are doing.
9
Connected Everywhere
© XPotential 201510
The New Morning Routine?
Toothpaste, toilet paper, texting…
Source: Cisco Connected World Technology Report
© XPotential 2015
Connected or Addicted
11 Source: Cisco Connected World Technology Report
© XPotential 2015
3. Short Attention Span
One of the defining characteristics of Millennials is their short attention span.
This trait is apparent in the dominant communication tools that millennials use;
text messages, Twitter, and IM all encourage concise messages.
12
© XPotential 2015
Even a Gold Fish Has a Better
Attention Span than the Millennials!
13
• In the digital age, where the news is limited to
140 characters and conversations take place in
the form of emojis, our attention span has
shortened. A recent study by Microsoft
Corporation has found this digital lifestyle has
made it difficult for us to stay focused, with the
human attention span shortening from 12
seconds to eight seconds in more than a
decade.
• The inability of the Millennial generation to
focus stems from the ever-increasing
availability of digital media at their fingertips.
• These savvy digital natives can view multiple
screens, use social media, and consume the
latest news, devoting seconds to each task.
© XPotential 2015
4. An Appetite for Collaboration
A consequence of growing up with the Internet is that Millennials prefer
democratic, collaborative processes.
Millennials love being part of a team. They want to participate, and they want
their views to be heard.
14
© XPotential 2015
They are very open minded when it comes to native content, and will gladly
share it with their social networks
84% of millennials said social opinions influence their purchase decisions
15
Sharing
© XPotential 2015
5. A Very Diverse Group
It is dangerous to look at millennials as one cohort. While they belong to one
generation, Millennials fall on a wide spectrum of tastes, behaviours and
income levels.
16
© XPotential 201517
Content that is geared towards the
Millennials has to be exciting, engaging
and shareable because they are
bombarded by information everyday
45% of Millennials are underwhelmed by content served up by brands and
don’t find it compelling enough to share
© XPotential 2015
Millennials form fierce brand loyalty,
with 70% saying they always come
back to brands they love.
18
© XPotential 2015
However, brands need to understand
their needs, preferences and passions
19
Millennials expect companies and brands to understand their needs,
their preferences, and their passions
© XPotential 2015
7 Key Characteristics of Effective
Marketing to Millennials:
• Be authentic.
• Be relevant.
• Be a necessity.
• Be a value.
• Be socially responsible.
• Be shareable.
• Be an experience.
20
Source: Carol Phillips, Notre Dame professor and president of Brand Amplitude
© XPotential 2015
A Brand that got the Millennials
Right: Tide Pods by P&G
21
Millennials want products that provide
convenience and are energy-efficient, which
may explain why Tide Pods have done so well
among this generation.
Tide Pods focused on the innovation behind the
product, as well as its no-fuss qualities.
The commercial boasted that Pods “provide
excellent results with minimal time and effort,”
a message that speaks directly to Millennials’
quest for convenience
No longer would apartment dwellers have to lug
the entire bottle of laundry soap to the laundry
mat or worry about wasting soap by pouring too
much into the washing machine.
© XPotential 2015
What Tide did Right
22
Solved a need for Millennials and created the marketing message to back it up.
© XPotential 2015
So How You Can Create an Inspiring
Conversation with the Millennials…
23
© XPotential 2015
Here is How…
24
www.bazaarvoice.com
www.searchenginejournal.com
Source:
Create an experience
in which Millennials
can participate,
develop and share
your brand
Make sure you
communicate with
them where they
are
Give them something to
talk about -
Content/advertising
should enhance - not
distract - from what you
have to offer
Short and fast content with
immediate response and
accessibility is key and
drawn to visual content
more than text.
Align your brand
with a cause, so
that Millennials
will align with you
XPotential (UK)
4/5 Market Square,
Marlow, Buckinghamshire,
SL7 3HH, United Kingdom
Tel: +44 (0) 1628 485 847
info@xpotential.co.uk
XPotential (Brazil)
AV. Divino Salvador, 716
Moema – São Paulo – SP
CEP – 04078 – 012
Tel: +55 (0) 11 5051 9194
info@xpotential.co.br
XPotential (Thailand)
Q.House Lumpini, Level 27,
1 South Sathorn Road, Tungmahamek
Bangkok 10120, Thailand
Tel: +66 (0) 2610 3706
info@xpotential.co.th
XPotential ANZ
P.O Box 237, Hampton,
Melbourne, Victoria 3188,
Australia
Tel: +61 (0) 404 098 892
enquiries@xpotentialanz.com
© XPotential 2015

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Engaging with Millennials in the Right Way

  • 1. Engaging with Millennials in the Right Way September 2015
  • 2. © XPotential 2015 Who are the Millennials? • Most experts agree that Millennials encompasses those born from the early ‰’80s to the early 2000s. • They are both the 20th century’s last generation and its first truly digital one. • Millennials are the offspring of the baby boomers (people born between 1946 and 1964). 2 Source: www.education-portal.com www.visioncritical.com • Millennials are poised to become the most educated generation in history, according to a recent Pew Research Center study. • People sometimes refer to the Millennials as Echo Boomers, Generation Y, the Internet Generation, iGen, and the Net Generation.
  • 3. © XPotential 2015 What are the Challenges in Engaging with Millennial Consumers? The millennial lifestyle is mostly about multitasking, accelerated communication, constant connection, and immediate gratification. It is a lifestyle that typically contradicts traditional marketing and research methods. 3 • Always multi-tasking • Constant connection • Short attention span • An appetite for collaboration • A very diverse group Source: www.visioncritical.com
  • 4. © XPotential 2015 1. Always Multi-Tasking Many younger Millennials are screenagers’, multi-tasking consumers who utilise multiple screens and multiple devices at the same time 4
  • 5. © XPotential 2015 The Multitasking Life On average, Millennials tend to use three different devices at the same time—with at least two of those devices having screens (e.g., computer, iPad, phone, TV) and at least two of them communications- oriented (e.g., phone, email, Facebook, or other IM). 5 Source: www.trendspot.com
  • 6. © XPotential 2015 High Expectations and Little Time • Millennials navigate busy digital lives, their brains have been rewired to organize and consume content differently. • This raises their expectations of what content needs to be delivered, and how quickly it gets there. 6
  • 7. © XPotential 2015 2. Constant Connection Millennials are a generation that grew up with the Internet, and are known for their tweeting, snapchatting, friending, checking-in, texting, and selfie-taking 7 • They sleep with their mobiles and post status updates from the bathroom • 74% feel that technology makes their lives easier
  • 8. © XPotential 2015 Connected but Listening? • BUT it doesn't mean that they're listening… • Millennials only absorb a fraction of what they hear, read, and see, because they live in a world of information overload. 80% of millennials are known to use two or more Internet enabled devices while watching TV Source: www.adage.com
  • 9. © XPotential 2015 • Millennial Shoppers are more likely to use mobile phones when shopping online and are also most likely than any other age group to browse products on their smartphones when they visit a store. • Millennials expect a seamless online experience regardless of the device and what they‰are doing. 9 Connected Everywhere
  • 10. © XPotential 201510 The New Morning Routine? Toothpaste, toilet paper, texting… Source: Cisco Connected World Technology Report
  • 11. © XPotential 2015 Connected or Addicted 11 Source: Cisco Connected World Technology Report
  • 12. © XPotential 2015 3. Short Attention Span One of the defining characteristics of Millennials is their short attention span. This trait is apparent in the dominant communication tools that millennials use; text messages, Twitter, and IM all encourage concise messages. 12
  • 13. © XPotential 2015 Even a Gold Fish Has a Better Attention Span than the Millennials! 13 • In the digital age, where the news is limited to 140 characters and conversations take place in the form of emojis, our attention span has shortened. A recent study by Microsoft Corporation has found this digital lifestyle has made it difficult for us to stay focused, with the human attention span shortening from 12 seconds to eight seconds in more than a decade. • The inability of the Millennial generation to focus stems from the ever-increasing availability of digital media at their fingertips. • These savvy digital natives can view multiple screens, use social media, and consume the latest news, devoting seconds to each task.
  • 14. © XPotential 2015 4. An Appetite for Collaboration A consequence of growing up with the Internet is that Millennials prefer democratic, collaborative processes. Millennials love being part of a team. They want to participate, and they want their views to be heard. 14
  • 15. © XPotential 2015 They are very open minded when it comes to native content, and will gladly share it with their social networks 84% of millennials said social opinions influence their purchase decisions 15 Sharing
  • 16. © XPotential 2015 5. A Very Diverse Group It is dangerous to look at millennials as one cohort. While they belong to one generation, Millennials fall on a wide spectrum of tastes, behaviours and income levels. 16
  • 17. © XPotential 201517 Content that is geared towards the Millennials has to be exciting, engaging and shareable because they are bombarded by information everyday 45% of Millennials are underwhelmed by content served up by brands and don’t find it compelling enough to share
  • 18. © XPotential 2015 Millennials form fierce brand loyalty, with 70% saying they always come back to brands they love. 18
  • 19. © XPotential 2015 However, brands need to understand their needs, preferences and passions 19 Millennials expect companies and brands to understand their needs, their preferences, and their passions
  • 20. © XPotential 2015 7 Key Characteristics of Effective Marketing to Millennials: • Be authentic. • Be relevant. • Be a necessity. • Be a value. • Be socially responsible. • Be shareable. • Be an experience. 20 Source: Carol Phillips, Notre Dame professor and president of Brand Amplitude
  • 21. © XPotential 2015 A Brand that got the Millennials Right: Tide Pods by P&G 21 Millennials want products that provide convenience and are energy-efficient, which may explain why Tide Pods have done so well among this generation. Tide Pods focused on the innovation behind the product, as well as its no-fuss qualities. The commercial boasted that Pods “provide excellent results with minimal time and effort,” a message that speaks directly to Millennials’ quest for convenience No longer would apartment dwellers have to lug the entire bottle of laundry soap to the laundry mat or worry about wasting soap by pouring too much into the washing machine.
  • 22. © XPotential 2015 What Tide did Right 22 Solved a need for Millennials and created the marketing message to back it up.
  • 23. © XPotential 2015 So How You Can Create an Inspiring Conversation with the Millennials… 23
  • 24. © XPotential 2015 Here is How… 24 www.bazaarvoice.com www.searchenginejournal.com Source: Create an experience in which Millennials can participate, develop and share your brand Make sure you communicate with them where they are Give them something to talk about - Content/advertising should enhance - not distract - from what you have to offer Short and fast content with immediate response and accessibility is key and drawn to visual content more than text. Align your brand with a cause, so that Millennials will align with you
  • 25. XPotential (UK) 4/5 Market Square, Marlow, Buckinghamshire, SL7 3HH, United Kingdom Tel: +44 (0) 1628 485 847 info@xpotential.co.uk XPotential (Brazil) AV. Divino Salvador, 716 Moema – São Paulo – SP CEP – 04078 – 012 Tel: +55 (0) 11 5051 9194 info@xpotential.co.br XPotential (Thailand) Q.House Lumpini, Level 27, 1 South Sathorn Road, Tungmahamek Bangkok 10120, Thailand Tel: +66 (0) 2610 3706 info@xpotential.co.th XPotential ANZ P.O Box 237, Hampton, Melbourne, Victoria 3188, Australia Tel: +61 (0) 404 098 892 enquiries@xpotentialanz.com © XPotential 2015

Notas del editor

  1. According to Wikipedia There are no precise dates when the generation starts and ends. Researchers and commentators use birth years ranging from the early 1980s to the early 2000s.
  2. Research suggests that the millennial lifestyle is mostly about multitasking, accelerated communication, constant connection, and immediate gratification. It‰’s a lifestyle that typically contradicts traditional marketing and research methods. Always multi-tasking. Many younger millennials are ‰”screenagers,‰Û multi-tasking consumers who utilize multiple screens and multiple devices at the same time. Constant connection. This is a generation that grew up with the Internet. Many of them don‰’t even remember what it‰’s like not to be connected to the web. This generation is used to checking online before buying something. And now with the ubiquity of mobile, millennials expect a seamless online experience regardless of the device they‰’re using. Short attention span. Several studies have shown that one of the defining characteristics of millennials is their short attention spans. This trait is apparent in the dominant communication tools that millennials use: text messages, Twitter, and BBM all encourage concise messages. An appetite for collaboration. Another consequence of growing up with the Internet is that millennials prefer democratic, collaborative processes. Millennials love being part of a team: they want to participate, and they want their views to be heard. A very diverse group. It‰’s dangerous to look at millennials as one cohort. While they belong to one generation, millennials fall on a wide spectrum of tastes, behaviors and income levels. Not as brand-conscious. Some studies are challenging the stereotype that millennials are brand- and trend-conscious consumers. Barkley, a Kansas City-based advertising and marketing agency, found that older millennials in particular suffer less from gadget and brand name envy, usually taking a more pragmatic approach to their purchases.
  3. http://www.trendspot.com/trends/multitasking-life-devices-phone-ipad-computer-millennial-trend
  4. https://advertising.yahoo.com/Articles/Content-Marketing-PDF/
  5. Nielsen http://thenextweb.com/entrepreneur/2013/12/03/optimize-emails-millennials-get-open/
  6. This is a generation that grew up with the Internet. Many of them don‰’t even remember what it‰’s like not to be connected to the web. This generation is used to checking online before buying something. And now with the ubiquity of mobile, millennials expect a seamless online experience regardless of the device they‰’re using. Fast Company http://adage.com/article/digitalnext/millennials-party-brand-terms/236444/
  7. https://www.visioncritical.com/3-tips-attracting-millennials-black-friday-season/
  8. Before doing anything else in the morning, Gen Y wakes up and checks their emails, Facebook statuses, text messages, apps, and updates on their phones. - so if your target is the millennials and you want to be apart of this routine then your content should be mobile friendly. Do you have a mobile version of your website? Are your emails responsive so that our target adjust to whatever screen size is being used? Are you evolving this content regularly as new technology enters the marketplace?
  9. Media is Being Consumed Everywhere All Day Not only are young people always connected, but they are constantly interacting with people, engaging with companies, and solving problems. No matter where they are or what is going on around them, the smartphone is a natural extension of the way they consume information. In order to leverage this and engage with them, it’s necessary to become apart of the conversation through inbound marketing. Are you regularly creating educational and helpful content that solves problems? Are you communicating on all channels including: social media, forums, industry websites, online media, and text messaging? You need to be if you want to capture any part of this limited attention span.
  10. http://mashable.com/2015/07/16/5-ways-market-to-millennials/ http://www.theepochtimes.com/n3/1359726-microsoft-study-proves-tech-caused-attention-spans-shorter-goldfish/
  11. https://advertising.yahoo.com/Articles/Content-Marketing-PDF/ http://blog.newscred.com/article/millennials-are-not-impressed-with-your-content-marketing/5ff3372d566c94bc733e36aaf77d64f http://www.youbrandinc.com/social-media/how-to-tap-into-the-purchasing-power-of-millennials-with-social-media/ http://adage.com/article/digitalnext/millennials-party-brand-terms/236444/
  12. Fast Company http://adage.com/article/digitalnext/millennials-party-brand-terms/236444/
  13. https://advertising.yahoo.com/Articles/Content-Marketing-PDF/ http://blog.newscred.com/article/millennials-are-not-impressed-with-your-content-marketing/5ff3372d566c94bc733e36aaf77d64f http://www.youbrandinc.com/social-media/how-to-tap-into-the-purchasing-power-of-millennials-with-social-media/ http://adage.com/article/digitalnext/millennials-party-brand-terms/236444/
  14. http://www.searchenginejournal.com/trillion-dollar-demographic-10-brands-got-millennial-marketing-right/135969/3/