If brand marketers want to succeed with the Millennial consumer, theyll need to understand and influence the trends, concerns and habits of that generation, which has an annual direct spending power estimated at $200 billion and represents 25 percent of the population. Within this presentation, Millennial research from a joint venture by Barkley, The Boston Consulting Group and Service Management Group will be revealed, which includes a wealth of knowledge on the restaurant and retail industries. The keynote will provide attendees with tools to guide their thinking for the future and help ensure they are marketing to this undeniably powerful demographic. Such tools will help measure brand consumer engagement and provide a prospective as to whats coming next in technology that will prove relevant with Millennials. Likewise, best practices of brands that are getting it right with Millennials will be highlighted as well as those who aren't quite hitting the mark.
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Millennials: Now Seating 80,000,000
1. Jeff Fromm
Co-Author Marketing to
Millennials: Reach the
Largest and Most Influential
Generation of Consumers
Ever.
EVP at Barkley, a fiercely
independent ad agency.
Copyright息 2013 by Barkley. All rights reserved.
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7. The NEW Definition of Brand Value
Brand Value = 裡
Functional, Emotional & Participative Benefits
Price
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Copyright息 2013 by Barkley. All rights reserved.
16. So Here Are The Six Rules:
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Engage early adopters of new technology.
Build a listening and participation strategy.
Buying into a brand idea is more powerful.
5
Design a sense of adventure and fun into your brand.
6
Embrace disruption.
Keep their loyalty.
Copyright息 2013 by Barkley. All rights reserved.
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17. RULE 1:
Engage Early Adopters
of New Technology
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Copyright息 2013 by Barkley. All rights reserved.
18. Millennials are 2.5x
more likely
to be early adopters
of new technology
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Copyright息 2013 by Barkley. All rights reserved.
Source: American Millennials: Deciphering the Enigma Generation. Joint research by Barkley, BCG & SMG.
21. RULE 2:
Build a Listening and
Participation Strategy
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Copyright息 2013 by Barkley. All rights reserved.
22. One-third of
Millennials say they
like a brand more
when the brand uses
social media
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Copyright息 2013 by Barkley. All rights reserved.
Source: American Millennials: Deciphering the Enigma Generation. Joint research by Barkley, BCG & SMG.
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Copyright息 2013 by Barkley. All rights reserved.
Source: http://weknowgifs.com/wp-content/uploads/2013/03/googly-eyes-meerkat.gif
36. Taco Bell Joins The
Snap Chat Community
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Copyright息 2013 by Barkley. All rights reserved.
Images via Twitter
37. Taco Bell Shares Secret:
Beefy Crunch Burrito is Back
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Copyright息 2013 by Barkley. All rights reserved.
Images via Twitter
38. RULE 3:
Buying into a brand
idea is more powerful
than simply buying a
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Copyright息 2013 by Barkley. All rights reserved.
39. 70% of Millennials are
more excited about a
decision theyve made
when their friends agree
with them.
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Copyright息 2013 by Barkley. All rights reserved.
Source: American Millennials: Deciphering the Enigma Generation. Joint research by Barkley, BCG & SMG.
44. RULE 4:
Design a Sense of
Adventure and Fun
into your Brand
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2
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4
5
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Copyright息 2013 by Barkley. All rights reserved.
45. 69% of Millennials
say they consider
themselves
adventurous
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Copyright息 2013 by Barkley. All rights reserved.
Source: American Millennials: Deciphering the Enigma Generation. Joint research by Barkley, BCG & SMG.
47. QuickTime and a
decompressor
are needed to see this picture.
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Copyright息 2013 by Barkley. All rights reserved.
Images via Freebirds Facebook Page
53. RULE 6:
Keep Their Loyalty
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Copyright息 2013 by Barkley. All rights reserved.
54. 45% of Millennials will go
out of their way to shop at
stores offering rewards
programs
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Copyright息 2013 by Barkley. All rights reserved.
Source: American Millennials: Deciphering the Enigma Generation. Joint research by Barkley, BCG & SMG.
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Copyright息 2013 by Barkley. All rights reserved.
63. THANK YOU
@ JeffFromm | JFromm@barkleyus.com |
www.millennialmarketing.com
63
Copyright息 2013 by Barkley. All rights reserved.
Editor's Notes
#2: I like to turn things upside to see if that allows me to find fresh insights.
#25: This story starts with a DQ employee who tweeted how she wasnt looking forward to Free Cone Day at the DQ where she worked. So, DQ social (barkley) saw that as an opportunity to make sure this one employee had the best day ever. They did so by sending her tweets each hour with funny giffs and videos. By the end of it, she said DQ had made her have the best shift ever.
#37: On April 30th, Taco Bell made an announcement to all of its Twitter followers telling them that they would be joining Snap Chat--a popular Millennial application that allows users to send pictures that self-destruct 10 seconds after the receiver opens it. Taco Bell used it as a way to connect with their consumers on a platform that they frequent. They used Snap Chat to announce the return of the Beefy Crunch Burrito would be returning to its restaurants. The response from followers was huge as they felt they were getting secret, first-hand information before anyone else. Key with Millennials.
#48: Freebirds is a Mexican QSR very similar to Chipotle. On its Facebook page, during March Madness, the brand started something called March Badness where customers are rewarded for their failed brackets which is a nice change compared to most brands that only reward for winning brackets.
#53: When the video went live, it crashed the DSC server. Once it was back up, Dubin enlisted a team of friends and contractors to help him print labels and pack boxes by hand in a warehouse to fill the 12,000 orders that arrived in the first 48 hours. In the last year, then number of full-time employees has increased to 24; three types of blades are now sold; and a new product called shave butter is sold in addition to razors. Dubin wont say the companys revenue or number of subscribers, but had a 9.8 million investment in October from Venrock that expects DSC to compete with Gillette.