Transcript
Page 1: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

1

Jeff FrommCo-Author “Marketing to

Millennials: Reach the Largest and Most Influential

Generation of Consumers Ever.”

EVP at Barkley, a fiercely independent ad agency.

Copyright© 2013 by Barkley. All rights reserved.

Page 2: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

2

Submit questions!

5 people who submit questions will receive a free

book!

Page 3: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

3

The Definition of Brand Value

We Knew and Loved

DIED.Copyright© 2013 by Barkley. All rights reserved.

Page 4: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

4

Copyright© 2013 by Barkley. All rights reserved.

The New Definition of Brand Value

Brand Value =

Functional, Emotional & Participative Benefits

PriceΣ

Page 5: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

5

Images via respective sites.Copyright© 2013 by Barkley. All rights reserved.

MILLENNIAL

MINDSET

Page 6: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

6

QuickTime™ and aH.264 decompressor

are needed to see this picture.

Copyright© 2013 by Barkley. All rights reserved.

Page 7: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group
Page 8: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

8

Copyright© 2013 by Barkley. All rights reserved.

Page 9: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

9

QuickTime™ and aMainConcept H.264 decompressor

are needed to see this picture.

Page 10: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

10

To get full access to all the reports check out my

linkedin profile:

www.linkedin.com/in/jefffromm/

Page 11: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

11

Copyright© 2013 by Barkley. All rights reserved.

Page 12: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

12

Copyright© 2013 by Barkley. All rights reserved.

Page 13: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

13

The Participation Economy

Copyright© 2013 by Barkley. All rights reserved.

Page 14: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

14

Creative Excellence to Content Excellence

Copyright© 2013 by Barkley. All rights reserved.

CREATIVEEXCELLENCE

CREATIVEEXCELLENCE

Page 15: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group
Page 16: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

16

Copyright© 2013 by Barkley. All rights reserved.

Page 17: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

“Useful Is The New Cool.”

Write this down...

Page 18: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

18

So Here Are The Six Rules:

Engage early adopters of new technology.

Build a listening and participation strategy.

Make them look good among peers.

Design a sense of adventure and fun into your

brand.

Embrace disruption.

Keep their loyalty.

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 19: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

19

RULE 1: Engage Early

Adopters of New Technology

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 20: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

20

Millennials are 2.5x more likely

to be early adopters of new technology

Source: “American Millennials: Deciphering the Enigma Generation.” Joint research by Barkley, BCG & SMG.Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 21: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

21

Do You Have a Tech Roadmap?

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 22: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

22

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 23: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

23

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 24: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

24

QuickTime™ and aH.264 decompressor

are needed to see this picture.

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 25: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

25

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 26: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

26

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

RULE 2: Build a Listening andParticipation Strategy

Page 27: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

27

Source: “American Millennials: Deciphering the Enigma Generation.” Joint research by Barkley, BCG & SMG.Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

One-third of Millennials say they like a brand more when the brand

uses social media

Page 28: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

28

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 29: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

29

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 30: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

30

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 31: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

31

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 32: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

32

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 33: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

33

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 34: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

34

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 35: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

35

QuickTime™ and aGIF decompressor

are needed to see this picture.

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 36: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

36

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 37: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

37

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 38: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

38

QuickTime™ and aGIF decompressor

are needed to see this picture.

Source: http://weknowgifs.com/wp-content/uploads/2013/03/googly-eyes-meerkat.gifCopyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 39: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

39

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 40: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

40

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 41: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

41

Taco Bell Joins The Snap Chat Community

Images via TwitterCopyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 42: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

42

Images via TwitterCopyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Taco Bell Shares Secret:The Beefy Crunch Burrito is

Back

Page 43: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

43

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

RULE 3: Make Them Look

Good Among Peers

Page 44: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

44

Source: “American Millennials: Deciphering the Enigma Generation.” Joint research by Barkley, BCG & SMG.Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

70% of Millennials are more excited about a decision they’ve made when their friends agree with them

Page 45: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

45

Images via Warbyparker.comCopyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 46: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

46

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

RULE 4: Design a Sense of

Adventure and Fun into your Brand

Page 47: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

47

Source: “American Millennials: Deciphering the Enigma Generation.” Joint research by Barkley, BCG & SMG.Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

69% of Millennials say they consider themselves

adventurous

Page 48: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group
Page 49: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

49

QuickTime™ and a decompressor

are needed to see this picture.

Images via Freebirds Facebook PageCopyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 50: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

50

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

RULE 5: Embrace Disruption

Page 51: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

51

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 52: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

52

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Meet Michael

Page 53: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

53

QuickTime™ and a decompressor

are needed to see this picture.

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 54: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

54

82,693 25,019 10,087,490

Stats of April 23, 2013Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 55: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

55

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

RULE 6: Keep Their Loyalty

Page 56: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

56

Source: “American Millennials: Deciphering the Enigma Generation.” Joint research by Barkley, BCG & SMG.Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

45% of Millennials will go out of their way to shop at stores offering

rewards programs

Page 57: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

Implicit

Loyalty

ExplicitLoyalty

vs.

Page 58: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

58

Image via southwest.comCopyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

Page 59: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

59

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

What if you have an iconic brand with an older core

audience?

Page 60: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

60

Copyright© 2013 by Barkley. All rights reserved.

1

2

3

4

5

6

1

2

3

4

5

6

Page 61: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

61

Storytelling

vs.

Storydoing

Storytelling

vs.

Storydoing

Page 62: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

62

www.sharelikebuy.com

ANA DISCOUNT CODE: ANA4SLB

Page 63: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

63

Sneak Peek for ANA Members... Sneak Peek for

ANA Members...

Page 64: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

64

The Millenial Generation Becomes Parents!

The Millenial Generation Becomes Parents!

Go to millennialmarketing.com to get a taste of our newest research and learn more at our Share Like Buy

conference in September!

Page 65: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

6565

THANK YOU

Copyright© 2013 by Barkley. All rights reserved.

@ jefffromm | [email protected] | www.sharelikebuy.com


Recommended