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Marketing to Millennials
Finding effective and affordable ways to reach
the next generation of potential homeowners.
House Keeping
 If you are using a landline
or cell phone, please make sure
that your phone is on mute.
 If you are using the speakers on
your computer, click that option
here.
To avoid feedback noise:
4
House Keeping
All questions should be typed in the
question box - feel free to:
 Ask questions
 State an opinion -or-
 Simply share your thoughts
 Raise your hand
5
Your Presenters
Shane Darrisaw
National Training Consultant
B.B.A & M.B.A (Georgia Southern University)
NW Faculty member since 2007
20+ years of experience in the areas of retail,
wholesale, nonprofit mortgage lending, non-
profit and banking management
Certified Financial Coach
Certified Human Behavior Trainer
Provides technical assistance to national and
community non-profit organizations
Provides services in the areas of Client
Management Systems, Organizational
Development, Project Management and
Team Building
Your Presenters
John Little
Author, Consultant, Speaker, Trainer
Consulting with non profits since 2007
20+ Years professional experience in
training, marketing & management
Certified Human Behavior Specialist
Deliver high quality consulting, training and
technical assistance nationally to for profit
and non profit organizations
Host – ‘Live & Lead Like A Champion’ Daily
Podcast
This presentation will look at…
Who are the “Millennials”?
Poll Question
Millennials Demographics
Presently they are…
24% of the population
Median income is from 25K – 48k
21% are married
25% have a bachelors degree or higher
Millennials Demographics
Millennials are the most ethnically and racially diverse
generation of all the demographics.
Millennials want to be defined by their
passions, not their careers.
Millennials want to be defined by their
passions, not their careers.
Defining Millennials
What form of marketing do you
prefer?
Poll Question
Word of Mouth
Word-of-mouth marketing has always been important, but its
scope is limited to the people you know and interact with on a
daily basis.
Word of mouth
Social media has lessened that limitation and given new power to
consumers.
Consumer Engagement
On social media, customers want to engage with people, not products.
Your goal is to engage with your customers and help increase their
awareness about what services you provide and how you can deliver
them more efficiently.
Hyper-Informed Consumers
Social media is transforming the way that consumers make
decisions. They are using social media to learn about others
experiences.
Maximizing Your Exposure
Millennials & Traditional Marketing
Millennials want to know that an organization is paying attention to
their specific needs.
Successful Social Media
Successful Social Media
Links to a
newspaper
article.
Successful Social Media
Show events &
partnerships
Demonstrate
social
engagement
through
retweets and
favorites
Millennials & Traditional Social Marketing
Traditional Marketing
Focuses on print ads
TV & radio commercials were
hallmarks
Considered a catchall type of
marketing
Social Inbound Marketing
Allows for targeting
Focuses on electronic
communication
Go after the type of audience
you want
Millennials & Homeownership
Yes
22%
No
33%
Don't Know
45%
Could You Obtain A Mortgage if You Applied?
Recent Study of California Non Homeowner Millennials – Source: Millennials & Homeownership by Brad Shuster
Millennials & Homeownership
Millennial Obstacles to
Homeownership:
- Debt load
- Down Payment
Requirements
- Fear of Application
- Lack of savings/credit
HCA Opportunities for
Millennial Market
- Financial Literacy Pgm
- Down Payment Assistance
- Counseling on Process
- Homebuyer Education
Rent vs. Own
38%
36%
35%
25%
0% 5% 10% 15% 20% 25% 30% 35% 40%
20% Down, 30 Year Fixed
Cash
10% Down w/PMI
3.5% Down, FHA
Cheaper to Own than Rent
Source: Trulia, Inc.
Millennials & Homeownership
Keys to connecting with Millennials:
- Engagement
- Value
- Community
- Interaction
- Social Impact
- Convenience
How effective are Facebook, Blogs
and You Tube in marketing to
Millennials?
Poll Question
Millennials & Traditional Social Media
Non-Traditional Social Media
Instagram
Infographics
Twitter
Podcasting
Mobile Marketing (Text Campaigns)
‘Discount’ Marketing
Loyalty Programs & Rewards
Instagram
 200 Million Monthly Active Users
 1.6 Billion “Likes” Daily
 Multiple Mobile Platforms
 Instagram has more ‘prestige’ than
Facebook or Twitter among young
adults
 Tips:
- Share images of successful
homeowners
- Link to other social media accounts
Infographics
“Content Marketing”
Growing trend of information distribution
Visual displays of information
Multiple delivery methods
Visual & Interactive
Tips:
- Tell Your Story
- Make it Relevant
- Display Prominently
Twitter
284 Monthly Active Users
500+ Million ‘Tweets’ Daily
80% Twitter Active Users are on Mobile
Information & Interaction
Best for ‘sharing’
Tips
- Give a ‘steady stream’ 3-5 times per
day
- Use hashtags (#) that will be ‘re-
tweeted’
Podcasting
 ‘On The Go’ Content Delivery
 Demonstrate Value & Expertise
 Minimal Startup Costs, Little to No Long Term
Cost
 Potentially Revenue Generating
 “Evergreen” and Archive Content
 Tips:
 -Subject Matter Expert ‘Spotlights’
- Highlight recent successes
Mobile Marketing
 1.75 Billion Smartphone
Users
 25% growth expected in
2014-2015
 More than 55 Million users
of online ‘discount’ services
 Large margins in incentive
based retention programs
“There’s An App For That”
Constant Presence
Multiple Options of Content
Delivery
‘Push’ Marketing Opportunities
Low Cost Barrier to Start
Consistently Fresh Content
Interactive Functionality
Groupon & Living Social
Growing trend of fee for
service HBE
HBE has a ‘value’ in the
marketplace
HBE is a saleable product for
HCA
Growing trend of online
savings models
Leverage value and ability to
establish price-point
Offer ‘discount’ for period of
time or specific service
Loyalty & Reward Programs
Builds a relationship
Rewards consistency and return
clients
Agency set program –
parameters
Give discounts on future
service
Track activities & progress
Establishes a ‘customer for life’
Top 10 Social Media Marketing Tips
1. Be Engaging!
2. It is ‘SOCIAL’ media.
3. Link it back to your
organization’s website.
4. Use social media icons on
your website to connect to
your platforms.
5. Get ‘buy in’ and use your
team for maximum impact.
6. Variety carries the day.
7. Images, audio and video are
more effective than text.
8. Don’t ‘sell’…share.
9. Have commitment and a
strategy.
10.Measure what works & what
doesn’t and adjust
accordingly.
Summary
Marketing To Millennials Requires:
- Creativity
- Visual Content
- Engagement
- Variety
- Subtle Calls to Action
- Value
Questions?
Thank You!

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Marketing to Millennials

  • 1. Marketing to Millennials Finding effective and affordable ways to reach the next generation of potential homeowners.
  • 2. House Keeping  If you are using a landline or cell phone, please make sure that your phone is on mute.  If you are using the speakers on your computer, click that option here. To avoid feedback noise: 4
  • 3. House Keeping All questions should be typed in the question box - feel free to:  Ask questions  State an opinion -or-  Simply share your thoughts  Raise your hand 5
  • 4. Your Presenters Shane Darrisaw National Training Consultant B.B.A & M.B.A (Georgia Southern University) NW Faculty member since 2007 20+ years of experience in the areas of retail, wholesale, nonprofit mortgage lending, non- profit and banking management Certified Financial Coach Certified Human Behavior Trainer Provides technical assistance to national and community non-profit organizations Provides services in the areas of Client Management Systems, Organizational Development, Project Management and Team Building
  • 5. Your Presenters John Little Author, Consultant, Speaker, Trainer Consulting with non profits since 2007 20+ Years professional experience in training, marketing & management Certified Human Behavior Specialist Deliver high quality consulting, training and technical assistance nationally to for profit and non profit organizations Host – ‘Live & Lead Like A Champion’ Daily Podcast
  • 7. Who are the “Millennials”? Poll Question
  • 8. Millennials Demographics Presently they are… 24% of the population Median income is from 25K – 48k 21% are married 25% have a bachelors degree or higher
  • 9. Millennials Demographics Millennials are the most ethnically and racially diverse generation of all the demographics.
  • 10. Millennials want to be defined by their passions, not their careers.
  • 11. Millennials want to be defined by their passions, not their careers.
  • 13. What form of marketing do you prefer? Poll Question
  • 14. Word of Mouth Word-of-mouth marketing has always been important, but its scope is limited to the people you know and interact with on a daily basis.
  • 15. Word of mouth Social media has lessened that limitation and given new power to consumers.
  • 16. Consumer Engagement On social media, customers want to engage with people, not products. Your goal is to engage with your customers and help increase their awareness about what services you provide and how you can deliver them more efficiently.
  • 17. Hyper-Informed Consumers Social media is transforming the way that consumers make decisions. They are using social media to learn about others experiences.
  • 19. Millennials & Traditional Marketing Millennials want to know that an organization is paying attention to their specific needs.
  • 21. Successful Social Media Links to a newspaper article.
  • 22. Successful Social Media Show events & partnerships Demonstrate social engagement through retweets and favorites
  • 23. Millennials & Traditional Social Marketing Traditional Marketing Focuses on print ads TV & radio commercials were hallmarks Considered a catchall type of marketing Social Inbound Marketing Allows for targeting Focuses on electronic communication Go after the type of audience you want
  • 24. Millennials & Homeownership Yes 22% No 33% Don't Know 45% Could You Obtain A Mortgage if You Applied? Recent Study of California Non Homeowner Millennials – Source: Millennials & Homeownership by Brad Shuster
  • 25. Millennials & Homeownership Millennial Obstacles to Homeownership: - Debt load - Down Payment Requirements - Fear of Application - Lack of savings/credit HCA Opportunities for Millennial Market - Financial Literacy Pgm - Down Payment Assistance - Counseling on Process - Homebuyer Education
  • 26. Rent vs. Own 38% 36% 35% 25% 0% 5% 10% 15% 20% 25% 30% 35% 40% 20% Down, 30 Year Fixed Cash 10% Down w/PMI 3.5% Down, FHA Cheaper to Own than Rent Source: Trulia, Inc.
  • 27. Millennials & Homeownership Keys to connecting with Millennials: - Engagement - Value - Community - Interaction - Social Impact - Convenience
  • 28. How effective are Facebook, Blogs and You Tube in marketing to Millennials? Poll Question
  • 30. Non-Traditional Social Media Instagram Infographics Twitter Podcasting Mobile Marketing (Text Campaigns) ‘Discount’ Marketing Loyalty Programs & Rewards
  • 31. Instagram  200 Million Monthly Active Users  1.6 Billion “Likes” Daily  Multiple Mobile Platforms  Instagram has more ‘prestige’ than Facebook or Twitter among young adults  Tips: - Share images of successful homeowners - Link to other social media accounts
  • 32. Infographics “Content Marketing” Growing trend of information distribution Visual displays of information Multiple delivery methods Visual & Interactive Tips: - Tell Your Story - Make it Relevant - Display Prominently
  • 33. Twitter 284 Monthly Active Users 500+ Million ‘Tweets’ Daily 80% Twitter Active Users are on Mobile Information & Interaction Best for ‘sharing’ Tips - Give a ‘steady stream’ 3-5 times per day - Use hashtags (#) that will be ‘re- tweeted’
  • 34. Podcasting  ‘On The Go’ Content Delivery  Demonstrate Value & Expertise  Minimal Startup Costs, Little to No Long Term Cost  Potentially Revenue Generating  “Evergreen” and Archive Content  Tips:  -Subject Matter Expert ‘Spotlights’ - Highlight recent successes
  • 35. Mobile Marketing  1.75 Billion Smartphone Users  25% growth expected in 2014-2015  More than 55 Million users of online ‘discount’ services  Large margins in incentive based retention programs
  • 36. “There’s An App For That” Constant Presence Multiple Options of Content Delivery ‘Push’ Marketing Opportunities Low Cost Barrier to Start Consistently Fresh Content Interactive Functionality
  • 37. Groupon & Living Social Growing trend of fee for service HBE HBE has a ‘value’ in the marketplace HBE is a saleable product for HCA Growing trend of online savings models Leverage value and ability to establish price-point Offer ‘discount’ for period of time or specific service
  • 38. Loyalty & Reward Programs Builds a relationship Rewards consistency and return clients Agency set program – parameters Give discounts on future service Track activities & progress Establishes a ‘customer for life’
  • 39. Top 10 Social Media Marketing Tips 1. Be Engaging! 2. It is ‘SOCIAL’ media. 3. Link it back to your organization’s website. 4. Use social media icons on your website to connect to your platforms. 5. Get ‘buy in’ and use your team for maximum impact. 6. Variety carries the day. 7. Images, audio and video are more effective than text. 8. Don’t ‘sell’…share. 9. Have commitment and a strategy. 10.Measure what works & what doesn’t and adjust accordingly.
  • 40. Summary Marketing To Millennials Requires: - Creativity - Visual Content - Engagement - Variety - Subtle Calls to Action - Value