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Geoff Ramsey S E P T E M B E R  30, 2 0 1 0 Reaching and Engaging the Elusive Millennial
Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Agenda Twitter Hashtag – #eMwebinar
[object Object],[object Object],[object Object],[object Object],[object Object],eMarketer Defines  Millennials
[object Object],[object Object],Why Should You Care?
“ No one wants to be told what to do, what to like and what to think. That is especially true of Millennials, who have an instant aversion to anything that smacks of ‘marketing’.  They want to believe that they have uniquely discovered the things they like . The ideal way for a Millennial to first experience a product or service is to discover it for themselves.” Carol Phillips of Millennial Marketing.com, August 5, 2009 Millennials Are More Than Just a Set of Numbers, They’re a Mindset…
How They Spend Their Media Time Twitter Hashtag – #eMwebinar
They’re Born “Techies” Source: eMarketer, 2010; Pew (Millennial online buyers, Millennial mobile users), 2010
Reaching Millennials:  Use New and “Old” Media ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],TV is Still a Major Time Suck for Millennials
But Their TV and Video Habits Are Noticeably Different From Older Consumers…
[object Object],[object Object],Millennials Just Aren’t  That Into Print Twitter Hashtag – #eMwebinar
Don’t Write Off TV or Email
Another Reason Not to Ignore Traditional Media, Especially TV ,[object Object],[object Object],[object Object]
Social Media Fanatics
Source: eMarketer, unless otherwise noted Online Moms  (BabyCenter, Nov 2009)   67% Teens 12 to 17  (eMarketer, ‘10; Arbitron, Apr ‘10)   78% Millennials 25 to 34    77% Gen X  35 to 44     60% All Internet Users    57% Seniors 65+   20% Millennials 18 to 24    87% Boomers  45 to 54   51% 82%
% of Millenials Who “Use” Social Networks 86% Ages 18 to 29, ever used 05/10 Pew 94% Ever used 09/09 Millward Brown 88% Visited in past 30 days 06/10 Simmons 78% Has a FB, MySpace account 06/10 Harris Poll 77% Ages 14 to 26, have a profile 12/09 Deloitte 85% Ages 18 to 29,broadband users 02/10 FCC 82% Ages 18 to 34, use monthly 04/10 eMarketer % Definition Date Source
Millennials Jump Onto Trends Fast,  Especially When They Involve Digital
38% Of Their Weekly Time Spent Online Is On Facebook 32% 21% 38%
Millennials Are Also  Heavy Viewers Of Online Video 85%  watch online video monthly Vs. 67% of all internet  users Vs. 51% of adults 45 to 64  Source: eMarketer, 2010
Millennials Are Much More Likely to View Social Sites as Entertainment
Social Media Provides Millennials Instant Gratification to that “Entertainment”
Something to Keep In Mind for the Future… Millennials will keep their social ways… (it’s a part of their DNA) However, the ways in which they interact and their frequency and intensity will wane Millennials will continue to use social media as a platform for voicing discontent with a brand experience Twitter Hashtag – #eMwebinar
And Don’t Mistake Their Heavy Usage Of Social Networks for Trust   “ Never”
 
They Actively Control and Apply Limits to Their  Profile Pages and Security Settings 71%  of social networking users ages  18 to 29 said they’ve adjusted privacy settings on social networks in order to make some information private ( 62%  of 30- to 49-year-olds and  52%  of those 50 and older did the same) A majority,  54% ,  do not trust  their private info with Facebook Pew Internet & the American Life Project, May 2010
But They Trust “The Media” Even Less Than They Do FB Or Twitter
4.4% 84% of Millennials do not notice ads on social sites. Source: Lubin School of Business Lab, 2009
[object Object],[object Object],[object Object]
Key Take-Aways for Targeting Millennials With Social Media Use social networks as  listening platforms  to inform your online and offline marketing programs, keyword search buys, creative approaches, etc.
Use Social Media  to Measure the “Ripple” Effects Of Your Efforts
Final Thoughts On Targeting  Millennials with Social Media It’s not enough to just be there on social sites, you have to establish your role in the conversation and how you can add real value Getting Millennials to “like” you on FB is one thing—getting them to engage with you on a deeper, more sustained basis is quite another Twitter Hashtag – #eMwebinar
Mobile Maniacs ,[object Object],[object Object],Source: comScore Mobile, July 2009; Pew Research Center, July & August, 2010
Text Messaging Usage Far Surpasses Other Age Groups
Texting Is a Viable Alternative for Marketers Trying to Reach Millennials According to a July 2010 “1020 Placecast/Harris Interactive Survey,”   42%   of Millennial mobile phone users ages 18 to 34 are   interested in receiving text alerts from marketers   (compared to   30%   of 35- to 44-year-olds ,   21%   of 45- to 64-year-olds and   17%   of those 55) Twitter Hashtag – #eMwebinar
[object Object],Millennials Not Only Talk and Text, They Are Also Avid Mobile Internet Users Pew Internet & American Life Project, July 2010
[object Object],[object Object],[object Object],And, They Are Also Mobile Video Viewers
…  And Are Mobile Social Network Users 50%
Also Heavy on LBS … 32% Use Monthly 15% ,[object Object],[object Object],[object Object],[object Object]
With Mobile Internet, Social and Location-Based Services, Marketers Have Many Opportunities to Engage Mobile represents a  long-term  opportunity to engage with this group—if you can be patient  Pay special care to find out which ways they like to interact and receive messages from you—on an  opt-in  basis, and then you can follow them and deliver relevant messaging Location will be important, including in-store (e.g., ShopKick), but tread carefully and don’t overdo it!
A Key Millennial Insight:  Authenticity Twitter Hashtag – #eMwebinar
“ These unique factors [high rate of social networking and technology usage] make them  very savvy consumers , who pay great attention to the value of what they buy and  require a different way to interact with brands. ” Robert Polet, Gucci Group, as cited in NY Times, March 2, 2010 Millennials as Consumers
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],More Than Anything,  Authenticity Reigns
 
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Authenticity Reigns Twitter Hashtag – #eMwebinar
A Few Words from LivePerson  Steve Douty EVP, Marketing & Business Development
Drowning in Millennials!! Photo of kids
Why Worry about the Millennials/Gen Y? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Chatting Up the Millennials Level of  Connection High Low Low High Cost Effectiveness Phone Click- to-call Email KB/Self-serve Live Chat ,[object Object],[object Object],[object Object],[object Object],Chat-bot
The Right Connections ,[object Object],[object Object],[object Object]
Thank you. Deeper customer connections. Online.  Real time.
Presented by: Geoff Ramsey CEO, eMarketer, Inc. Twitter Hashtag – #eMwebinar Sponsored  by: Reaching and Engaging the Elusive Millennial  Questions & Answers Registrants will receive a copy of the slide deck and the playback link in a follow-up email within 24 hours of this presentation.
eMarketer Demographics Coverage Learn more about demographic segments with  eMarketer Total Access. Visit:  www.emarketer.com/products Call: 800-405-0844  Email: sales@emarketer.com ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],All reports are available to  Total Access  clients.

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eMarketer Webinar: Tips for Reaching & Engaging the Elusive Millennial

  • 1. Geoff Ramsey S E P T E M B E R 30, 2 0 1 0 Reaching and Engaging the Elusive Millennial
  • 2.
  • 3.
  • 4.
  • 5. “ No one wants to be told what to do, what to like and what to think. That is especially true of Millennials, who have an instant aversion to anything that smacks of ‘marketing’. They want to believe that they have uniquely discovered the things they like . The ideal way for a Millennial to first experience a product or service is to discover it for themselves.” Carol Phillips of Millennial Marketing.com, August 5, 2009 Millennials Are More Than Just a Set of Numbers, They’re a Mindset…
  • 6. How They Spend Their Media Time Twitter Hashtag – #eMwebinar
  • 7. They’re Born “Techies” Source: eMarketer, 2010; Pew (Millennial online buyers, Millennial mobile users), 2010
  • 8.
  • 9.
  • 10. But Their TV and Video Habits Are Noticeably Different From Older Consumers…
  • 11.
  • 12. Don’t Write Off TV or Email
  • 13.
  • 15. Source: eMarketer, unless otherwise noted Online Moms (BabyCenter, Nov 2009) 67% Teens 12 to 17 (eMarketer, ‘10; Arbitron, Apr ‘10) 78% Millennials 25 to 34 77% Gen X 35 to 44 60% All Internet Users 57% Seniors 65+ 20% Millennials 18 to 24 87% Boomers 45 to 54 51% 82%
  • 16. % of Millenials Who “Use” Social Networks 86% Ages 18 to 29, ever used 05/10 Pew 94% Ever used 09/09 Millward Brown 88% Visited in past 30 days 06/10 Simmons 78% Has a FB, MySpace account 06/10 Harris Poll 77% Ages 14 to 26, have a profile 12/09 Deloitte 85% Ages 18 to 29,broadband users 02/10 FCC 82% Ages 18 to 34, use monthly 04/10 eMarketer % Definition Date Source
  • 17. Millennials Jump Onto Trends Fast, Especially When They Involve Digital
  • 18. 38% Of Their Weekly Time Spent Online Is On Facebook 32% 21% 38%
  • 19. Millennials Are Also Heavy Viewers Of Online Video 85% watch online video monthly Vs. 67% of all internet users Vs. 51% of adults 45 to 64 Source: eMarketer, 2010
  • 20. Millennials Are Much More Likely to View Social Sites as Entertainment
  • 21. Social Media Provides Millennials Instant Gratification to that “Entertainment”
  • 22. Something to Keep In Mind for the Future… Millennials will keep their social ways… (it’s a part of their DNA) However, the ways in which they interact and their frequency and intensity will wane Millennials will continue to use social media as a platform for voicing discontent with a brand experience Twitter Hashtag – #eMwebinar
  • 23. And Don’t Mistake Their Heavy Usage Of Social Networks for Trust “ Never”
  • 24.  
  • 25. They Actively Control and Apply Limits to Their Profile Pages and Security Settings 71% of social networking users ages 18 to 29 said they’ve adjusted privacy settings on social networks in order to make some information private ( 62% of 30- to 49-year-olds and 52% of those 50 and older did the same) A majority, 54% , do not trust their private info with Facebook Pew Internet & the American Life Project, May 2010
  • 26. But They Trust “The Media” Even Less Than They Do FB Or Twitter
  • 27. 4.4% 84% of Millennials do not notice ads on social sites. Source: Lubin School of Business Lab, 2009
  • 28.
  • 29. Key Take-Aways for Targeting Millennials With Social Media Use social networks as listening platforms to inform your online and offline marketing programs, keyword search buys, creative approaches, etc.
  • 30. Use Social Media to Measure the “Ripple” Effects Of Your Efforts
  • 31. Final Thoughts On Targeting Millennials with Social Media It’s not enough to just be there on social sites, you have to establish your role in the conversation and how you can add real value Getting Millennials to “like” you on FB is one thing—getting them to engage with you on a deeper, more sustained basis is quite another Twitter Hashtag – #eMwebinar
  • 32.
  • 33. Text Messaging Usage Far Surpasses Other Age Groups
  • 34. Texting Is a Viable Alternative for Marketers Trying to Reach Millennials According to a July 2010 “1020 Placecast/Harris Interactive Survey,” 42% of Millennial mobile phone users ages 18 to 34 are interested in receiving text alerts from marketers (compared to 30% of 35- to 44-year-olds , 21% of 45- to 64-year-olds and 17% of those 55) Twitter Hashtag – #eMwebinar
  • 35.
  • 36.
  • 37. … And Are Mobile Social Network Users 50%
  • 38.
  • 39. With Mobile Internet, Social and Location-Based Services, Marketers Have Many Opportunities to Engage Mobile represents a long-term opportunity to engage with this group—if you can be patient Pay special care to find out which ways they like to interact and receive messages from you—on an opt-in basis, and then you can follow them and deliver relevant messaging Location will be important, including in-store (e.g., ShopKick), but tread carefully and don’t overdo it!
  • 40. A Key Millennial Insight: Authenticity Twitter Hashtag – #eMwebinar
  • 41. “ These unique factors [high rate of social networking and technology usage] make them very savvy consumers , who pay great attention to the value of what they buy and require a different way to interact with brands. ” Robert Polet, Gucci Group, as cited in NY Times, March 2, 2010 Millennials as Consumers
  • 42.
  • 43.  
  • 44.
  • 45. A Few Words from LivePerson Steve Douty EVP, Marketing & Business Development
  • 46. Drowning in Millennials!! Photo of kids
  • 47.
  • 48.
  • 49.
  • 50. Thank you. Deeper customer connections. Online. Real time.
  • 51. Presented by: Geoff Ramsey CEO, eMarketer, Inc. Twitter Hashtag – #eMwebinar Sponsored by: Reaching and Engaging the Elusive Millennial Questions & Answers Registrants will receive a copy of the slide deck and the playback link in a follow-up email within 24 hours of this presentation.
  • 52.

Notas del editor

  1. The web is unique in its ability to brand AND act as a direct response vehicle that can even lead to direct sales. On the web, every computer terminal is a potential point of purchase. The question is: what are your objectives?
  2. The Millenials (Generation Y or the Internet Generation) Born 1979-1997 “ Our brand” Expect brands to offer us value (good product, engaged community, 2-way communication) Expect a say in the evolution of the identity of our community, and thus “our brand” Brands must be open and honest As much as we speak the language of brands, they mean nothing without real interactions. Spreads the words about brands they love (recommendations to family and friends, testimonials on social networks). Most technologically savvy generation On average, they send 2,273 text messages a month. They communicate in email, but chat more often, and they are active users of social media and video. Gen Y uses search engines daily. Schools introduce interaction with web 2.0 applications as early as elementary school and access to the internet is a requirement in secondary education. They are comfortable online and have chosen to use the medium over any other form of communication. 90% of US teens have Internet access at home and 73% have access from a school computer. Values Connection They like to personalize experiences. Marketers need to draw them in quickly and demonstrate immediate value. This generation is not patient. Give them options to easily connect with people at your company (live chat / click to call)
  3. LivePerson is the market leading provider of intelligent, real-time customer engagement solutions. With more than 8,500 customers from small business to global enterprises, we have more experience than any other company in helping leading businesses maximize their return on their online marketing, sales and support investments. Our customers typically enjoy at 20-25% uplift in online sales conversions, a 40% increase in average order value and a 25% decrease in email and voice supports costs.