SlideShare ist ein Scribd-Unternehmen logo
1 von 42
Downloaden Sie, um offline zu lesen
2014 INTREPID MILLENNIAL EXPLORERS: 
Changing the Face of Modern Consumerism 
A Millennial Central Presentation
Megan 
Maguire 
Managing 
Director 
Millennial 
Central 
Stacy 
Debroff 
CEO 
& 
Founder 
Influence 
Central 
Tracey 
Hope-­‐Ross 
SVP, 
Consumer 
Insights 
Group 
Influence 
Central
A division of Influence Central; sister 
brand of Mom Central Consulting 
Focused on understanding women in the 
adult Millennial demo (~22-34) 
Activate a panel of 500+ influencers on 
social, blogging and offline WOM programs 
for national consumer brands 
About Millennial Central
1,100 Millennial Women 
8 Days : Feb 6 – Feb 13 
30 Question Survey
Millennial Consumers 
There exists a huge amount of misinformation in the market about this generation. 
The Millennial shopper, as she navigates the world of digital and offline information, 
demands new sources and a new set of rules. 
Though her customer journey may seem multi-faceted and circuitous, for these women 
an overload of recommendations and facts is just how they like it. 
Our study focused on Millennials’ purchase path both online and offline, how their deep 
connections with family and friends impact the choices in their lives, and the effect of 
various types of media on their day-to-day decisions.
Intrepid Explorers
Millennials consider themselves intrepid explorers. While they’ll share very personalized stories on social media, 
they’re not out to establish expertise. As they reach out to share their unique experiences and gather what 
peers have to say, Millennials are not on a personal quest to secure readers, followers, or likes. Instead, they seek 
out new products and new experiences, deciding for themselves what they think about them. As a result, they 
do not seek to build large numbers of followers as many of their leadership and soapbox-seeking Gen X 
predecessors. 
53% 
Consider themselves 
independent thinkers 
53% 
Are the first of their 
friends to try 
new things 
5% 
Use social media to 
establish themselves as 
“experts” 
Exploration & Independence 
& yet
Peers Take Center Stage
90% 
of Millennials TRUST 
products after doing their 
own research – including 
heavy peer crowd-sourcing 
66% rely most on friends’ 
advice when making tech 
purchases & 65% seek 
in-person WOM 
recommendations for 
vacation suggestions.
Growing Up Digital Native
“When something good happens in my life, 
I share it on social media.”
First generation to come of age 
immersed in technology and social 
media. 
38% prefer to communicate with 
friends and family via social 
media. 
52% would rather converse via 
text than phone calls. 
Fluency with technology allows 
them to stay in contact 24/7.
Millennials seek out inspiration both online and 
use social media to 
learn about new 
trends (fashion, 
food, art, music) 
Their ongoing state of 
forming opinions & sharing 
means they pull from 
disparate sources to trend-spot 
new ideas and content, 
collecting style ideas and 
experiences. They dive into 
blogs and seek out peer 
opinions (online and offline), 
turn to traditional media and 
look through Instagram for 
inspiration. 
58% 
follow food 
blogs & 44% 
follow style and 
fashion blogs 
offline. 
48%
Does Facebook Stand a Chance? 
According To This Group, It Does. 
92% 
Have a Facebook 
account  42% log-in 
or visit their page more 
than once a day. 
Many have adopted new platforms: 
Pinterest 
Twitter 
Instagram 
Tumblr 
55% 
55% 
41% 
27%
Content Creation Happens at a Moment’s Notice 
74% post pictures online in “real-time” 
40% 
have an Instagram 
account, and some 
post 50+ times per 
day 
use their phone more 
often now than 3 
years ago to access 
social media 
45% 
post videos they 
create  67% share 
videos they discover 
online 
49%
Millennials delight in 
serving as creators of 
their own life stories, 
branded through the 
filters of Instagram, 
labeled by hashtags, and 
offered as personal 
updates on Facebook. 
Living in the center of 
their own branded self-networks, 
it’s about self-expression, 
not 
narcissism. Every 
moment gets saved, 
publicized, and offered 
up for comment.
The very notion of privacy has changed for this generation. Social media makes 
everything in their lives transparent, and Millennials embrace this reality. Many 
assume their social communities are peers, friends and family, not strangers 
who may tumble upon their storytelling by search. 
66% 
Place no limits on their photos, 
allowing them to be shared by 
others 
63% 
Share others’ posts on social 
media 
55% 
Place no limits of profile 
visibility 
The Millennial Privacy Contradiction
Despite their lifelong social media immersion, some areas exist where 
Millennials now show a bit of restraint in what they share. It becomes an 
example of the contradictions exhibited by this demographic and the large 
amount of misinformation in the market surrounding them. 
50% 
Think twice before posting a 
status or update or tweet 
42% 
Will never “check-in” on social 
media 
Only 
28% 
Post more updates now 
compared with three years ago 
to share their emotions (posting 
when frustrated, happy, etc.) 
The Millennial Privacy Contradiction
Contextual Discerners
Make product 
recommendations to 
others to share highly 
positive or highly 
negative experiences 
Agree: when I have a great 
or awful experience with a 
new brand/product, vendor, 
venue or service, I tell lots 
of other people 
68% 
✓
Because of their penchant for sharing information, every purchase 
decision involves touching base with their core group. Consumerism for 
Millennials is an intuitive, interactive part of life – not a separate 
decision or private process. 
No wonder that 58% consider themselves very engaged in 
consumerism and pop culture. It virtually surrounds this generation, 
steeped in peers’ opinions, and their own intrepid explorations to 
inform their consumer behavior. Every consumer choice gets influenced 
by peers to the point where this influence becomes the norm. 
 
Yet at the same time as they canvas their peers, Millennials hold 
strongly onto their ownership of personal choice: they don’t want to 
be told what to like or not like. For instance, for 1 in 2 Millennials, 
reading a bad review about a restaurant or retailer online would not stop 
them from going to/shopping at that restaurant or store.
Products Become Experiences
The Decision-Making Process 
The Decision-Making Process 
happens online, using… 
Product 
Reviews 
Product 
Websites 
Blogs for 
education 
and 
research 
Other 
online 
sources
The Decision-Making Process 
83% 
put a lot of thought 
into their purchases, 
ensuring the best 
choices 
71% 
browse online for 
convenience, but shop 
offline 
71% 
trust the product 
website to speak for 
itself
Peer-Review  Opinion-Gathering 
87% 
trust products after “doing 
their own research”, 
involving heavy 
crowdsourcing among 
peers. 
93% 
have purchased a 
product after hearing 
about it from a family 
member or friend. 
Opinion-Gatherers and Contextual Decision-Makers 
Peer education proves a hallmark of the Millennial path to purchase. 
They seek out blogs, social networks, as well as ask, “What do my 
friends think about this decision? What do my parents think about this 
decision?” Their offine and online conversations focus on seeking 
opinions from those in the know and who have used a product or 
service. 
89% 
trust recommendations 
from a friend, peer, or 
family member more 
than recommendations 
from a brand
Friends and Peers Reign Supreme 
Millennials rely on smartphones not only to 
browse websites, but also to obtain opinions from 
family and friends. Peers, friends, and co-workers 
act as the key set of influencers for Millennials. 
Peer-to-peer networks and relationships dominate 
their life choices. Friends ask each other’s opinions 
and they share their personal takes. 
When making technology purchases (computer, 
cellphone, tablet, etc), Millennials rely most on their 
friends’ advice (66%), over their spouses’/ 
significant others’ advice (59%), or parents’ advice 
(37%). 
When making clothing, shoes, and personal care 
item purchases, Millennials rely most on their 
friends’ advice and recommendations (65%) over 
their parents’ advice (55%) or that of a spouse or 
significant other (52%). 
Online peer reviews, at this phase in the path, 
factor in highly when making a purchasing decision. 
momcentralconsulting.com 26
In-Person Recommendations Carry the Strongest Weight 
Millennials want to follow up on 
recommendations by hearing about them 
personally from the person doing the 
recommending. 
Thus, in person word-of-mouth 
recommendations prove most influential in 
all purchasing categories for Millennials: 
Food/beverage (68%) 
Vacations (67%) 
Household products (63%) 
Tech (62%) 
Clothing (62%) 
Décor (53%) 
momcentralconsulting.com 27
Consumerism Becomes Social
Consumerism Becomes Social 
45% 
Will tag a brand, 
while only 19% tag 
celebrities in social 
posts 
56% 
say the frequency 
with which they tag 
brands has not 
changed in the last 3 
years 
38% 
Find brands more 
accessible  trustworthy 
on social media than 
traditional advertising 
60% 
Follow brands on 
social media to learn 
about new deals  
coupons 
Brand Connections: Not Looking 
for Engagement or 
Accessibility 
Millennials expect brands to be a 
resource when they need them, but 
only then. Most ”find engagement 
intrusive and unwelcome. Unlike 
previous generations, Millennials 
don’t seek brand engagement or 
search out ways to generate access 
to brands. Even when friends follow 
certain brands, Millennials still don’t 
follow suit.
Consumerism Becomes Social 
Millennials crowdsource their purchases online – seeking the most 
trusted source, with the highest amount of reviews, while searching 
for products with the highest positive ratings and purchase. 
When it comes closer to a decision to purchase a particular 
product, Millennials turn to online reviews to see how they map to 
their friends’ and parents’ recommendations. 
93% of Millennials either always or sometimes read online reviews 
prior to buying a product. When doing research via a search engine 
about a product they are considering buying, 48% of Millennials are 
most likely to click on a retailer website (Amazon, Target), and 32% 
are likely to click on a brand website. 
36% 
say they always read 
recommendations about 
products prior to 
purchasing. 
57% 
say they sometimes find 
online reviews helpful 
for certain purchases. 
Consumer 
reviews from 
third parties 
factor high into 
purchase decisions
Millennials crowd source their 
purchases online – 
seeking the most trusted 
source, with the highest 
amount of reviews, while 
searching for products with 
the highest positive ratings 
and purchase.
When it comes closer to a decision 
to purchase a particular product, 
Millennials turn to online reviews to see 
how they map to their friends’ and 
parents’ recommendations. 
93% of Millennials either always or 
sometimes read online reviews prior 
to buying a product. 
When doing research via a search 
engine about a product they are 
considering buying, 48% of Millennials 
are most likely to click on a retailer 
website (Amazon, Target), and 32% 
are likely to click on a brand website.
Millennials research products online 
prior to purchasing: 
• 36% say they always read 
recommendations about 
products prior to 
purchasing. 
• 57% say they sometimes 
find online reviews helpful 
for certain purchases. 
• Consumer reviews from 
third parties factor high 
into purchase decisions.
Consumerism Becomes Social 
49% research 
47% trust e-commerce reviews 
47% trust social media recommendations. 
trust e-commerce sites like Amazon and Target for product 
reviews over a review on the brand website (77%), blogs 
(82%) and third-party sites (71%). 
97% 
of Millennials trust blogs when conducting online
Consumerism Becomes Social 
The digital convergence continues even at the point of purchase. Millennials text 
while in-store, sharing pictures and thoughts, and turn to digital devices when 
finalizing a spend. Because they live in a world where they are always tuned in, they 
don’t see any limits in where or how they shop. 
Third-party online reviews factor heavily into this stage of the purchase path. 
As decisions narrow, Millennials go directly to sites, such as Amazon.com, to search 
specifically for products with the highest number of reviews. 
Should a Millennial get a recommendation on the go – while at dinner or even on 
the subway home – she can immediately hop onto her phone or tablet to make the 
purchase.
Parental Advisors
Trend Spotters  Advisors 
50% speak with their parents every day. 
89% talk to their parents once a week or more. 
50% live less than 30 miles from where they grew up. 
74% frequently advise their parents, making 
recommendations of products they like. 
47% often go shopping with their parents. 
66% of Millennials frequently seek their parents’ 
guidance when making large purchases. 
When gathering advice from multiple sources, Millennials 
rely most on their parents’ advice (80%), over their 
spouses’ or significant others’ advice (61%), or friends’ 
advice (35%).
Implications for Marketers
Having 
spent 
their 
enHre 
lives 
with 
technology 
and 
connecHon 
at 
their 
fingerHps, 
Millennials’ 
expectaHons 
of 
brands 
are 
higher 
than 
any 
demographic 
that’s 
come 
before 
them. 
Headlines 
poinHng 
to 
them 
as 
self-­‐ 
serving 
and 
narcissisHc 
do 
this 
group 
a 
great 
disservice. 
Millennials 
simply 
expect 
brands 
to 
keep 
up 
with 
their 
‘tuned-­‐in’ 
lifestyles 
and 
avenues 
of 
communicaHon.
Why Do Millennials Spend So Much Time On Social Media Without 
Building Substantial Followings? 
In stark contrast to the Gen X demographic above them, Millennials do not act so much as 
broadcasters, but rather as responders. A crucial distinction emerges when brands engage 
Millennials in marketing campaigns. Millennials often linger in standby mode: transmitters that 
just need to be tapped or inspired to say something, not just given a task. When engaged in 
brand campaigns, the experiential give/get with this group proves key. Millennials are driven by 
experience and opportunities, not by gift cards or brand products. They’d rather be sent off on 
an adventure, challenged to come up with their own cooking creation, or dine out at a cool 
restaurant, than be paid for their efforts. 
If you ask for an opinion they will offer one, but they don’t just offer recommendations for 
products until immersed in a moment with that product or service. They tend to speak up and 
share when they are using a product in their everyday life and can “spontaneously” document 
that experience as part of their self-defining and self-branding. Sharing information becomes 
not in their view a “product recommendation” but instead a candid lifestyle recommendation 
offered up from their unique personal experience.
More Insights for Brands Looking to Crack the Millennial Code 
• When it comes to traditional 
media, Millennials are not 
necessarily skeptical. 
• Millennials know they are being 
targeted, and they don’t mind. 
They just keep it within their own 
personal perspective. 
• They develop loyalties at a 
specific product level, not at a 
larger brand level. 
Brands should create visually 
engaging online destinations as a 
means to connect with this 
generation. 
momcentralconsulting.com 41
Get 
in 
Touch! 
Stacy 
Debroff 
CEO 
 
Founder 
Influence 
Central 
617.244.3002 
stacy@influence-­‐central.com

Weitere ähnliche Inhalte

Was ist angesagt?

Tech-Talk Tuesday: 2018 Shopper Study—Personalization, Promotions & Privacy
Tech-Talk Tuesday: 2018 Shopper Study—Personalization, Promotions & PrivacyTech-Talk Tuesday: 2018 Shopper Study—Personalization, Promotions & Privacy
Tech-Talk Tuesday: 2018 Shopper Study—Personalization, Promotions & PrivacyDaniel Caridi
 
The Future of Now
The Future of NowThe Future of Now
The Future of NowFuseideas
 
(Graham Brown mobileYouth) PAID to EARNED MEDIA (Part 3/5 50 key trends in th...
(Graham Brown mobileYouth) PAID to EARNED MEDIA (Part 3/5 50 key trends in th...(Graham Brown mobileYouth) PAID to EARNED MEDIA (Part 3/5 50 key trends in th...
(Graham Brown mobileYouth) PAID to EARNED MEDIA (Part 3/5 50 key trends in th...Graham Brown
 
Why do people share on social media? Global survey results
Why do people share on social media? Global survey resultsWhy do people share on social media? Global survey results
Why do people share on social media? Global survey resultsOgilvy Consulting
 
Marketing Infographic: Millennial consumer behavior & energy drink category
Marketing Infographic: Millennial consumer behavior & energy drink categoryMarketing Infographic: Millennial consumer behavior & energy drink category
Marketing Infographic: Millennial consumer behavior & energy drink categoryKaryna Broadhurst
 
SPC Card in Strategy Magazine
SPC Card in Strategy MagazineSPC Card in Strategy Magazine
SPC Card in Strategy MagazineSPC Card
 
Social Business - Why Change is Imperative, Who’s Getting It Right, How They...
Social Business - Why Change is Imperative, Who’s Getting It Right,  How They...Social Business - Why Change is Imperative, Who’s Getting It Right,  How They...
Social Business - Why Change is Imperative, Who’s Getting It Right, How They...Sean Moffitt
 
Global Social Media Content Sharing
Global Social Media Content SharingGlobal Social Media Content Sharing
Global Social Media Content SharingOgilvy
 
Millennial_Neuroanalytics-Webinar_v26
Millennial_Neuroanalytics-Webinar_v26Millennial_Neuroanalytics-Webinar_v26
Millennial_Neuroanalytics-Webinar_v26Jennifer Perry
 
Be Afraid Of The Marketing Gospel
Be Afraid Of The Marketing GospelBe Afraid Of The Marketing Gospel
Be Afraid Of The Marketing GospelNigel Rahimpour
 
Top 10 Lessons From WOMMA 2015
Top 10 Lessons From WOMMA 2015Top 10 Lessons From WOMMA 2015
Top 10 Lessons From WOMMA 2015Ogilvy Consulting
 
People are the Media (DDB Edmonton Edition)
People are the Media (DDB Edmonton Edition)People are the Media (DDB Edmonton Edition)
People are the Media (DDB Edmonton Edition)Eric Weaver
 
Engaging Influencers 2011
Engaging Influencers 2011 Engaging Influencers 2011
Engaging Influencers 2011 Sean Moffitt
 
WFA 2017 - Marketing to Millennials
WFA 2017 - Marketing to MillennialsWFA 2017 - Marketing to Millennials
WFA 2017 - Marketing to MillennialsSaffire
 
A Holistic Approach to the Measurement of WOM
A Holistic Approach to the Measurement of WOMA Holistic Approach to the Measurement of WOM
A Holistic Approach to the Measurement of WOMKeller Fay Group
 

Was ist angesagt? (20)

Tech-Talk Tuesday: 2018 Shopper Study—Personalization, Promotions & Privacy
Tech-Talk Tuesday: 2018 Shopper Study—Personalization, Promotions & PrivacyTech-Talk Tuesday: 2018 Shopper Study—Personalization, Promotions & Privacy
Tech-Talk Tuesday: 2018 Shopper Study—Personalization, Promotions & Privacy
 
The Millennial Revolution
The Millennial RevolutionThe Millennial Revolution
The Millennial Revolution
 
Future of Now
Future of NowFuture of Now
Future of Now
 
The Future of Now
The Future of NowThe Future of Now
The Future of Now
 
(Graham Brown mobileYouth) PAID to EARNED MEDIA (Part 3/5 50 key trends in th...
(Graham Brown mobileYouth) PAID to EARNED MEDIA (Part 3/5 50 key trends in th...(Graham Brown mobileYouth) PAID to EARNED MEDIA (Part 3/5 50 key trends in th...
(Graham Brown mobileYouth) PAID to EARNED MEDIA (Part 3/5 50 key trends in th...
 
Top 10 trends of 2015
Top 10 trends of 2015 Top 10 trends of 2015
Top 10 trends of 2015
 
Why do people share on social media? Global survey results
Why do people share on social media? Global survey resultsWhy do people share on social media? Global survey results
Why do people share on social media? Global survey results
 
Shopping Goes Social
Shopping Goes SocialShopping Goes Social
Shopping Goes Social
 
Marketing Infographic: Millennial consumer behavior & energy drink category
Marketing Infographic: Millennial consumer behavior & energy drink categoryMarketing Infographic: Millennial consumer behavior & energy drink category
Marketing Infographic: Millennial consumer behavior & energy drink category
 
SPC Card in Strategy Magazine
SPC Card in Strategy MagazineSPC Card in Strategy Magazine
SPC Card in Strategy Magazine
 
Social Business - Why Change is Imperative, Who’s Getting It Right, How They...
Social Business - Why Change is Imperative, Who’s Getting It Right,  How They...Social Business - Why Change is Imperative, Who’s Getting It Right,  How They...
Social Business - Why Change is Imperative, Who’s Getting It Right, How They...
 
Global Social Media Content Sharing
Global Social Media Content SharingGlobal Social Media Content Sharing
Global Social Media Content Sharing
 
Millennial_Neuroanalytics-Webinar_v26
Millennial_Neuroanalytics-Webinar_v26Millennial_Neuroanalytics-Webinar_v26
Millennial_Neuroanalytics-Webinar_v26
 
Be Afraid Of The Marketing Gospel
Be Afraid Of The Marketing GospelBe Afraid Of The Marketing Gospel
Be Afraid Of The Marketing Gospel
 
Top 10 Lessons From WOMMA 2015
Top 10 Lessons From WOMMA 2015Top 10 Lessons From WOMMA 2015
Top 10 Lessons From WOMMA 2015
 
People are the Media (DDB Edmonton Edition)
People are the Media (DDB Edmonton Edition)People are the Media (DDB Edmonton Edition)
People are the Media (DDB Edmonton Edition)
 
WEB MARKETIING TECHNIQUE
WEB MARKETIING TECHNIQUEWEB MARKETIING TECHNIQUE
WEB MARKETIING TECHNIQUE
 
Engaging Influencers 2011
Engaging Influencers 2011 Engaging Influencers 2011
Engaging Influencers 2011
 
WFA 2017 - Marketing to Millennials
WFA 2017 - Marketing to MillennialsWFA 2017 - Marketing to Millennials
WFA 2017 - Marketing to Millennials
 
A Holistic Approach to the Measurement of WOM
A Holistic Approach to the Measurement of WOMA Holistic Approach to the Measurement of WOM
A Holistic Approach to the Measurement of WOM
 

Andere mochten auch

Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Resea...
Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Resea...Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Resea...
Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Resea...Influence Central
 
Millennial Parents POV | Big Red Rooster
Millennial Parents POV | Big Red RoosterMillennial Parents POV | Big Red Rooster
Millennial Parents POV | Big Red RoosterBig Red Rooster
 
Film openning titles
Film openning titlesFilm openning titles
Film openning titlesHD393rt
 
Psb tutorial cancer_pathways
Psb tutorial cancer_pathwaysPsb tutorial cancer_pathways
Psb tutorial cancer_pathwaysJeff Kiefer
 
外賣通路方案規劃
外賣通路方案規劃外賣通路方案規劃
外賣通路方案規劃goodbean
 
簡報:艾克托的幸福筆記
簡報:艾克托的幸福筆記簡報:艾克托的幸福筆記
簡報:艾克托的幸福筆記Absolutereading Yu
 
Failure is not an option, or, why you need to ask 'Why?" more often.
Failure is not an option, or, why you need to ask 'Why?" more often.Failure is not an option, or, why you need to ask 'Why?" more often.
Failure is not an option, or, why you need to ask 'Why?" more often.Alessandro Galetto
 
By Alwyn And Yu Kai
By Alwyn And Yu KaiBy Alwyn And Yu Kai
By Alwyn And Yu Kaiyapsmail
 
Yvonne Williams - Higher Education Information - 3rd March 2014
Yvonne Williams - Higher Education Information - 3rd March 2014Yvonne Williams - Higher Education Information - 3rd March 2014
Yvonne Williams - Higher Education Information - 3rd March 2014rpalmerratcliffe
 
Xvii. символи єднання народів
Xvii. символи єднання народівXvii. символи єднання народів
Xvii. символи єднання народівOlga Lesenko
 
Teclando Com O Senhor Deus!
Teclando Com O Senhor Deus!Teclando Com O Senhor Deus!
Teclando Com O Senhor Deus!Patrícia Zahar
 
What Is The Color of HOPE?
What Is The Color of HOPE?What Is The Color of HOPE?
What Is The Color of HOPE?Donna Frasca
 
Square pres 441
Square pres 441Square pres 441
Square pres 441jgracik
 

Andere mochten auch (14)

Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Resea...
Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Resea...Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Resea...
Intrepid Millennial Explorers: Changing The Face Of Modern Consumerism (Resea...
 
Millennial Parents POV | Big Red Rooster
Millennial Parents POV | Big Red RoosterMillennial Parents POV | Big Red Rooster
Millennial Parents POV | Big Red Rooster
 
Film openning titles
Film openning titlesFilm openning titles
Film openning titles
 
Psb tutorial cancer_pathways
Psb tutorial cancer_pathwaysPsb tutorial cancer_pathways
Psb tutorial cancer_pathways
 
Propiedad intelectual y software
Propiedad intelectual y softwarePropiedad intelectual y software
Propiedad intelectual y software
 
外賣通路方案規劃
外賣通路方案規劃外賣通路方案規劃
外賣通路方案規劃
 
簡報:艾克托的幸福筆記
簡報:艾克托的幸福筆記簡報:艾克托的幸福筆記
簡報:艾克托的幸福筆記
 
Failure is not an option, or, why you need to ask 'Why?" more often.
Failure is not an option, or, why you need to ask 'Why?" more often.Failure is not an option, or, why you need to ask 'Why?" more often.
Failure is not an option, or, why you need to ask 'Why?" more often.
 
By Alwyn And Yu Kai
By Alwyn And Yu KaiBy Alwyn And Yu Kai
By Alwyn And Yu Kai
 
Yvonne Williams - Higher Education Information - 3rd March 2014
Yvonne Williams - Higher Education Information - 3rd March 2014Yvonne Williams - Higher Education Information - 3rd March 2014
Yvonne Williams - Higher Education Information - 3rd March 2014
 
Xvii. символи єднання народів
Xvii. символи єднання народівXvii. символи єднання народів
Xvii. символи єднання народів
 
Teclando Com O Senhor Deus!
Teclando Com O Senhor Deus!Teclando Com O Senhor Deus!
Teclando Com O Senhor Deus!
 
What Is The Color of HOPE?
What Is The Color of HOPE?What Is The Color of HOPE?
What Is The Color of HOPE?
 
Square pres 441
Square pres 441Square pres 441
Square pres 441
 

Ähnlich wie Millennials Drive Consumerism Through Exploration and Peer Recommendations

Lori anderson
Lori andersonLori anderson
Lori andersonMediaPost
 
MILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTY
MILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTYMILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTY
MILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTYGlenn Humble
 
MILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTY
MILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTYMILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTY
MILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTYGlenn Humble
 
Millennials are changing the conversation about brand loyalty
Millennials are changing the conversation about brand loyaltyMillennials are changing the conversation about brand loyalty
Millennials are changing the conversation about brand loyaltyGlenn Humble
 
Young Women: Consumption
Young Women: ConsumptionYoung Women: Consumption
Young Women: ConsumptionLHBS
 
Influencer Marketing: A Look at Mom Bloggers, Their Influence and Reach
Influencer Marketing: A Look at Mom Bloggers, Their Influence and ReachInfluencer Marketing: A Look at Mom Bloggers, Their Influence and Reach
Influencer Marketing: A Look at Mom Bloggers, Their Influence and ReachWomen's Marketing, Inc.
 
Momentum big fuel_072210
Momentum big fuel_072210Momentum big fuel_072210
Momentum big fuel_072210PSInc
 
Momentum by Big Fuel
Momentum by Big FuelMomentum by Big Fuel
Momentum by Big FuelAvi Savar
 
Momentum Big Fuel 072210
Momentum Big Fuel 072210Momentum Big Fuel 072210
Momentum Big Fuel 072210Jun Kapunan
 
How To Cultivate Brand Advocacy
How To Cultivate Brand AdvocacyHow To Cultivate Brand Advocacy
How To Cultivate Brand AdvocacyOgilvy Consulting
 
Why social media
Why social mediaWhy social media
Why social mediasocialmea
 
Vietnam consumer barometer T3/2016
Vietnam consumer barometer T3/2016Vietnam consumer barometer T3/2016
Vietnam consumer barometer T3/2016Tuan Anh Nguyen
 
Insightsfromgoogleforvietnammar2016
Insightsfromgoogleforvietnammar2016Insightsfromgoogleforvietnammar2016
Insightsfromgoogleforvietnammar2016Hugh Vo
 
Insights from google for vietnam 03/2016
Insights from google for vietnam 03/2016Insights from google for vietnam 03/2016
Insights from google for vietnam 03/2016Thai Nguyen
 
Insight from Google: Vietnam Digital landscape 2016
Insight from Google: Vietnam Digital landscape 2016Insight from Google: Vietnam Digital landscape 2016
Insight from Google: Vietnam Digital landscape 2016Phuong Bi
 
Insights from Google for Vietnam mar2016
Insights from Google for Vietnam mar2016Insights from Google for Vietnam mar2016
Insights from Google for Vietnam mar2016Vinh Nguyen
 

Ähnlich wie Millennials Drive Consumerism Through Exploration and Peer Recommendations (20)

Lori anderson
Lori andersonLori anderson
Lori anderson
 
MILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTY
MILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTYMILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTY
MILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTY
 
MILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTY
MILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTYMILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTY
MILLENNIALS ARE CHANGING THE CONVERSATION ABOUT BRAND LOYALTY
 
Millennials are changing the conversation about brand loyalty
Millennials are changing the conversation about brand loyaltyMillennials are changing the conversation about brand loyalty
Millennials are changing the conversation about brand loyalty
 
Why Social Media is very important for business
Why Social Media is very important for businessWhy Social Media is very important for business
Why Social Media is very important for business
 
Young Women: Consumption
Young Women: ConsumptionYoung Women: Consumption
Young Women: Consumption
 
Millennial Overview
Millennial OverviewMillennial Overview
Millennial Overview
 
Influencer Marketing: A Look at Mom Bloggers, Their Influence and Reach
Influencer Marketing: A Look at Mom Bloggers, Their Influence and ReachInfluencer Marketing: A Look at Mom Bloggers, Their Influence and Reach
Influencer Marketing: A Look at Mom Bloggers, Their Influence and Reach
 
Momentum big fuel_072210
Momentum big fuel_072210Momentum big fuel_072210
Momentum big fuel_072210
 
Momentum by Big Fuel
Momentum by Big FuelMomentum by Big Fuel
Momentum by Big Fuel
 
Momentum Big Fuel 072210
Momentum Big Fuel 072210Momentum Big Fuel 072210
Momentum Big Fuel 072210
 
How To Cultivate Brand Advocacy
How To Cultivate Brand AdvocacyHow To Cultivate Brand Advocacy
How To Cultivate Brand Advocacy
 
Why social media
Why social mediaWhy social media
Why social media
 
Millennials 13.0: Year in Review
Millennials 13.0: Year in ReviewMillennials 13.0: Year in Review
Millennials 13.0: Year in Review
 
The social profile
The social profileThe social profile
The social profile
 
Vietnam consumer barometer T3/2016
Vietnam consumer barometer T3/2016Vietnam consumer barometer T3/2016
Vietnam consumer barometer T3/2016
 
Insightsfromgoogleforvietnammar2016
Insightsfromgoogleforvietnammar2016Insightsfromgoogleforvietnammar2016
Insightsfromgoogleforvietnammar2016
 
Insights from google for vietnam 03/2016
Insights from google for vietnam 03/2016Insights from google for vietnam 03/2016
Insights from google for vietnam 03/2016
 
Insight from Google: Vietnam Digital landscape 2016
Insight from Google: Vietnam Digital landscape 2016Insight from Google: Vietnam Digital landscape 2016
Insight from Google: Vietnam Digital landscape 2016
 
Insights from Google for Vietnam mar2016
Insights from Google for Vietnam mar2016Insights from Google for Vietnam mar2016
Insights from Google for Vietnam mar2016
 

Kürzlich hochgeladen

THE COUNTRY WHO SOLVED THE WORLD_HOW CHINA LAUNCHED THE CIVILIZATION REVOLUTI...
THE COUNTRY WHO SOLVED THE WORLD_HOW CHINA LAUNCHED THE CIVILIZATION REVOLUTI...THE COUNTRY WHO SOLVED THE WORLD_HOW CHINA LAUNCHED THE CIVILIZATION REVOLUTI...
THE COUNTRY WHO SOLVED THE WORLD_HOW CHINA LAUNCHED THE CIVILIZATION REVOLUTI...漢銘 謝
 
RACHEL-ANN M. TENIBRO PRODUCT RESEARCH PRESENTATION
RACHEL-ANN M. TENIBRO PRODUCT RESEARCH PRESENTATIONRACHEL-ANN M. TENIBRO PRODUCT RESEARCH PRESENTATION
RACHEL-ANN M. TENIBRO PRODUCT RESEARCH PRESENTATIONRachelAnnTenibroAmaz
 
Testing with Fewer Resources: Toward Adaptive Approaches for Cost-effective ...
Testing with Fewer Resources:  Toward Adaptive Approaches for Cost-effective ...Testing with Fewer Resources:  Toward Adaptive Approaches for Cost-effective ...
Testing with Fewer Resources: Toward Adaptive Approaches for Cost-effective ...Sebastiano Panichella
 
proposal kumeneger edited.docx A kumeeger
proposal kumeneger edited.docx A kumeegerproposal kumeneger edited.docx A kumeeger
proposal kumeneger edited.docx A kumeegerkumenegertelayegrama
 
INDIAN GCP GUIDELINE. for Regulatory affair 1st sem CRR
INDIAN GCP GUIDELINE. for Regulatory  affair 1st sem CRRINDIAN GCP GUIDELINE. for Regulatory  affair 1st sem CRR
INDIAN GCP GUIDELINE. for Regulatory affair 1st sem CRRsarwankumar4524
 
cse-csp batch4 review-1.1.pptx cyber security
cse-csp batch4 review-1.1.pptx cyber securitycse-csp batch4 review-1.1.pptx cyber security
cse-csp batch4 review-1.1.pptx cyber securitysandeepnani2260
 
Don't Miss Out: Strategies for Making the Most of the Ethena DigitalOpportunity
Don't Miss Out: Strategies for Making the Most of the Ethena DigitalOpportunityDon't Miss Out: Strategies for Making the Most of the Ethena DigitalOpportunity
Don't Miss Out: Strategies for Making the Most of the Ethena DigitalOpportunityApp Ethena
 
Internship Presentation | PPT | CSE | SE
Internship Presentation | PPT | CSE | SEInternship Presentation | PPT | CSE | SE
Internship Presentation | PPT | CSE | SESaleh Ibne Omar
 
Chizaram's Women Tech Makers Deck. .pptx
Chizaram's Women Tech Makers Deck.  .pptxChizaram's Women Tech Makers Deck.  .pptx
Chizaram's Women Tech Makers Deck. .pptxogubuikealex
 
Quality by design.. ppt for RA (1ST SEM
Quality by design.. ppt for  RA (1ST SEMQuality by design.. ppt for  RA (1ST SEM
Quality by design.. ppt for RA (1ST SEMCharmi13
 
Engaging Eid Ul Fitr Presentation for Kindergartners.pptx
Engaging Eid Ul Fitr Presentation for Kindergartners.pptxEngaging Eid Ul Fitr Presentation for Kindergartners.pptx
Engaging Eid Ul Fitr Presentation for Kindergartners.pptxAsifArshad8
 
Testing and Development Challenges for Complex Cyber-Physical Systems: Insigh...
Testing and Development Challenges for Complex Cyber-Physical Systems: Insigh...Testing and Development Challenges for Complex Cyber-Physical Systems: Insigh...
Testing and Development Challenges for Complex Cyber-Physical Systems: Insigh...Sebastiano Panichella
 
General Elections Final Press Noteas per M
General Elections Final Press Noteas per MGeneral Elections Final Press Noteas per M
General Elections Final Press Noteas per MVidyaAdsule1
 
05.02 MMC - Assignment 4 - Image Attribution Lovepreet.pptx
05.02 MMC - Assignment 4 - Image Attribution Lovepreet.pptx05.02 MMC - Assignment 4 - Image Attribution Lovepreet.pptx
05.02 MMC - Assignment 4 - Image Attribution Lovepreet.pptxerickamwana1
 
GESCO SE Press and Analyst Conference on Financial Results 2024
GESCO SE Press and Analyst Conference on Financial Results 2024GESCO SE Press and Analyst Conference on Financial Results 2024
GESCO SE Press and Analyst Conference on Financial Results 2024GESCO SE
 
A Guide to Choosing the Ideal Air Cooler
A Guide to Choosing the Ideal Air CoolerA Guide to Choosing the Ideal Air Cooler
A Guide to Choosing the Ideal Air Coolerenquirieskenstar
 
Application of GIS in Landslide Disaster Response.pptx
Application of GIS in Landslide Disaster Response.pptxApplication of GIS in Landslide Disaster Response.pptx
Application of GIS in Landslide Disaster Response.pptxRoquia Salam
 

Kürzlich hochgeladen (17)

THE COUNTRY WHO SOLVED THE WORLD_HOW CHINA LAUNCHED THE CIVILIZATION REVOLUTI...
THE COUNTRY WHO SOLVED THE WORLD_HOW CHINA LAUNCHED THE CIVILIZATION REVOLUTI...THE COUNTRY WHO SOLVED THE WORLD_HOW CHINA LAUNCHED THE CIVILIZATION REVOLUTI...
THE COUNTRY WHO SOLVED THE WORLD_HOW CHINA LAUNCHED THE CIVILIZATION REVOLUTI...
 
RACHEL-ANN M. TENIBRO PRODUCT RESEARCH PRESENTATION
RACHEL-ANN M. TENIBRO PRODUCT RESEARCH PRESENTATIONRACHEL-ANN M. TENIBRO PRODUCT RESEARCH PRESENTATION
RACHEL-ANN M. TENIBRO PRODUCT RESEARCH PRESENTATION
 
Testing with Fewer Resources: Toward Adaptive Approaches for Cost-effective ...
Testing with Fewer Resources:  Toward Adaptive Approaches for Cost-effective ...Testing with Fewer Resources:  Toward Adaptive Approaches for Cost-effective ...
Testing with Fewer Resources: Toward Adaptive Approaches for Cost-effective ...
 
proposal kumeneger edited.docx A kumeeger
proposal kumeneger edited.docx A kumeegerproposal kumeneger edited.docx A kumeeger
proposal kumeneger edited.docx A kumeeger
 
INDIAN GCP GUIDELINE. for Regulatory affair 1st sem CRR
INDIAN GCP GUIDELINE. for Regulatory  affair 1st sem CRRINDIAN GCP GUIDELINE. for Regulatory  affair 1st sem CRR
INDIAN GCP GUIDELINE. for Regulatory affair 1st sem CRR
 
cse-csp batch4 review-1.1.pptx cyber security
cse-csp batch4 review-1.1.pptx cyber securitycse-csp batch4 review-1.1.pptx cyber security
cse-csp batch4 review-1.1.pptx cyber security
 
Don't Miss Out: Strategies for Making the Most of the Ethena DigitalOpportunity
Don't Miss Out: Strategies for Making the Most of the Ethena DigitalOpportunityDon't Miss Out: Strategies for Making the Most of the Ethena DigitalOpportunity
Don't Miss Out: Strategies for Making the Most of the Ethena DigitalOpportunity
 
Internship Presentation | PPT | CSE | SE
Internship Presentation | PPT | CSE | SEInternship Presentation | PPT | CSE | SE
Internship Presentation | PPT | CSE | SE
 
Chizaram's Women Tech Makers Deck. .pptx
Chizaram's Women Tech Makers Deck.  .pptxChizaram's Women Tech Makers Deck.  .pptx
Chizaram's Women Tech Makers Deck. .pptx
 
Quality by design.. ppt for RA (1ST SEM
Quality by design.. ppt for  RA (1ST SEMQuality by design.. ppt for  RA (1ST SEM
Quality by design.. ppt for RA (1ST SEM
 
Engaging Eid Ul Fitr Presentation for Kindergartners.pptx
Engaging Eid Ul Fitr Presentation for Kindergartners.pptxEngaging Eid Ul Fitr Presentation for Kindergartners.pptx
Engaging Eid Ul Fitr Presentation for Kindergartners.pptx
 
Testing and Development Challenges for Complex Cyber-Physical Systems: Insigh...
Testing and Development Challenges for Complex Cyber-Physical Systems: Insigh...Testing and Development Challenges for Complex Cyber-Physical Systems: Insigh...
Testing and Development Challenges for Complex Cyber-Physical Systems: Insigh...
 
General Elections Final Press Noteas per M
General Elections Final Press Noteas per MGeneral Elections Final Press Noteas per M
General Elections Final Press Noteas per M
 
05.02 MMC - Assignment 4 - Image Attribution Lovepreet.pptx
05.02 MMC - Assignment 4 - Image Attribution Lovepreet.pptx05.02 MMC - Assignment 4 - Image Attribution Lovepreet.pptx
05.02 MMC - Assignment 4 - Image Attribution Lovepreet.pptx
 
GESCO SE Press and Analyst Conference on Financial Results 2024
GESCO SE Press and Analyst Conference on Financial Results 2024GESCO SE Press and Analyst Conference on Financial Results 2024
GESCO SE Press and Analyst Conference on Financial Results 2024
 
A Guide to Choosing the Ideal Air Cooler
A Guide to Choosing the Ideal Air CoolerA Guide to Choosing the Ideal Air Cooler
A Guide to Choosing the Ideal Air Cooler
 
Application of GIS in Landslide Disaster Response.pptx
Application of GIS in Landslide Disaster Response.pptxApplication of GIS in Landslide Disaster Response.pptx
Application of GIS in Landslide Disaster Response.pptx
 

Millennials Drive Consumerism Through Exploration and Peer Recommendations

  • 1. 2014 INTREPID MILLENNIAL EXPLORERS: Changing the Face of Modern Consumerism A Millennial Central Presentation
  • 2. Megan Maguire Managing Director Millennial Central Stacy Debroff CEO & Founder Influence Central Tracey Hope-­‐Ross SVP, Consumer Insights Group Influence Central
  • 3. A division of Influence Central; sister brand of Mom Central Consulting Focused on understanding women in the adult Millennial demo (~22-34) Activate a panel of 500+ influencers on social, blogging and offline WOM programs for national consumer brands About Millennial Central
  • 4. 1,100 Millennial Women 8 Days : Feb 6 – Feb 13 30 Question Survey
  • 5. Millennial Consumers There exists a huge amount of misinformation in the market about this generation. The Millennial shopper, as she navigates the world of digital and offline information, demands new sources and a new set of rules. Though her customer journey may seem multi-faceted and circuitous, for these women an overload of recommendations and facts is just how they like it. Our study focused on Millennials’ purchase path both online and offline, how their deep connections with family and friends impact the choices in their lives, and the effect of various types of media on their day-to-day decisions.
  • 7. Millennials consider themselves intrepid explorers. While they’ll share very personalized stories on social media, they’re not out to establish expertise. As they reach out to share their unique experiences and gather what peers have to say, Millennials are not on a personal quest to secure readers, followers, or likes. Instead, they seek out new products and new experiences, deciding for themselves what they think about them. As a result, they do not seek to build large numbers of followers as many of their leadership and soapbox-seeking Gen X predecessors. 53% Consider themselves independent thinkers 53% Are the first of their friends to try new things 5% Use social media to establish themselves as “experts” Exploration & Independence & yet
  • 9. 90% of Millennials TRUST products after doing their own research – including heavy peer crowd-sourcing 66% rely most on friends’ advice when making tech purchases & 65% seek in-person WOM recommendations for vacation suggestions.
  • 11. “When something good happens in my life, I share it on social media.”
  • 12. First generation to come of age immersed in technology and social media. 38% prefer to communicate with friends and family via social media. 52% would rather converse via text than phone calls. Fluency with technology allows them to stay in contact 24/7.
  • 13. Millennials seek out inspiration both online and use social media to learn about new trends (fashion, food, art, music) Their ongoing state of forming opinions & sharing means they pull from disparate sources to trend-spot new ideas and content, collecting style ideas and experiences. They dive into blogs and seek out peer opinions (online and offline), turn to traditional media and look through Instagram for inspiration. 58% follow food blogs & 44% follow style and fashion blogs offline. 48%
  • 14. Does Facebook Stand a Chance? According To This Group, It Does. 92% Have a Facebook account 42% log-in or visit their page more than once a day. Many have adopted new platforms: Pinterest Twitter Instagram Tumblr 55% 55% 41% 27%
  • 15. Content Creation Happens at a Moment’s Notice 74% post pictures online in “real-time” 40% have an Instagram account, and some post 50+ times per day use their phone more often now than 3 years ago to access social media 45% post videos they create 67% share videos they discover online 49%
  • 16. Millennials delight in serving as creators of their own life stories, branded through the filters of Instagram, labeled by hashtags, and offered as personal updates on Facebook. Living in the center of their own branded self-networks, it’s about self-expression, not narcissism. Every moment gets saved, publicized, and offered up for comment.
  • 17. The very notion of privacy has changed for this generation. Social media makes everything in their lives transparent, and Millennials embrace this reality. Many assume their social communities are peers, friends and family, not strangers who may tumble upon their storytelling by search. 66% Place no limits on their photos, allowing them to be shared by others 63% Share others’ posts on social media 55% Place no limits of profile visibility The Millennial Privacy Contradiction
  • 18. Despite their lifelong social media immersion, some areas exist where Millennials now show a bit of restraint in what they share. It becomes an example of the contradictions exhibited by this demographic and the large amount of misinformation in the market surrounding them. 50% Think twice before posting a status or update or tweet 42% Will never “check-in” on social media Only 28% Post more updates now compared with three years ago to share their emotions (posting when frustrated, happy, etc.) The Millennial Privacy Contradiction
  • 20. Make product recommendations to others to share highly positive or highly negative experiences Agree: when I have a great or awful experience with a new brand/product, vendor, venue or service, I tell lots of other people 68% ✓
  • 21. Because of their penchant for sharing information, every purchase decision involves touching base with their core group. Consumerism for Millennials is an intuitive, interactive part of life – not a separate decision or private process. No wonder that 58% consider themselves very engaged in consumerism and pop culture. It virtually surrounds this generation, steeped in peers’ opinions, and their own intrepid explorations to inform their consumer behavior. Every consumer choice gets influenced by peers to the point where this influence becomes the norm.  Yet at the same time as they canvas their peers, Millennials hold strongly onto their ownership of personal choice: they don’t want to be told what to like or not like. For instance, for 1 in 2 Millennials, reading a bad review about a restaurant or retailer online would not stop them from going to/shopping at that restaurant or store.
  • 23. The Decision-Making Process The Decision-Making Process happens online, using… Product Reviews Product Websites Blogs for education and research Other online sources
  • 24. The Decision-Making Process 83% put a lot of thought into their purchases, ensuring the best choices 71% browse online for convenience, but shop offline 71% trust the product website to speak for itself
  • 25. Peer-Review Opinion-Gathering 87% trust products after “doing their own research”, involving heavy crowdsourcing among peers. 93% have purchased a product after hearing about it from a family member or friend. Opinion-Gatherers and Contextual Decision-Makers Peer education proves a hallmark of the Millennial path to purchase. They seek out blogs, social networks, as well as ask, “What do my friends think about this decision? What do my parents think about this decision?” Their offine and online conversations focus on seeking opinions from those in the know and who have used a product or service. 89% trust recommendations from a friend, peer, or family member more than recommendations from a brand
  • 26. Friends and Peers Reign Supreme Millennials rely on smartphones not only to browse websites, but also to obtain opinions from family and friends. Peers, friends, and co-workers act as the key set of influencers for Millennials. Peer-to-peer networks and relationships dominate their life choices. Friends ask each other’s opinions and they share their personal takes. When making technology purchases (computer, cellphone, tablet, etc), Millennials rely most on their friends’ advice (66%), over their spouses’/ significant others’ advice (59%), or parents’ advice (37%). When making clothing, shoes, and personal care item purchases, Millennials rely most on their friends’ advice and recommendations (65%) over their parents’ advice (55%) or that of a spouse or significant other (52%). Online peer reviews, at this phase in the path, factor in highly when making a purchasing decision. momcentralconsulting.com 26
  • 27. In-Person Recommendations Carry the Strongest Weight Millennials want to follow up on recommendations by hearing about them personally from the person doing the recommending. Thus, in person word-of-mouth recommendations prove most influential in all purchasing categories for Millennials: Food/beverage (68%) Vacations (67%) Household products (63%) Tech (62%) Clothing (62%) Décor (53%) momcentralconsulting.com 27
  • 29. Consumerism Becomes Social 45% Will tag a brand, while only 19% tag celebrities in social posts 56% say the frequency with which they tag brands has not changed in the last 3 years 38% Find brands more accessible trustworthy on social media than traditional advertising 60% Follow brands on social media to learn about new deals coupons Brand Connections: Not Looking for Engagement or Accessibility Millennials expect brands to be a resource when they need them, but only then. Most ”find engagement intrusive and unwelcome. Unlike previous generations, Millennials don’t seek brand engagement or search out ways to generate access to brands. Even when friends follow certain brands, Millennials still don’t follow suit.
  • 30. Consumerism Becomes Social Millennials crowdsource their purchases online – seeking the most trusted source, with the highest amount of reviews, while searching for products with the highest positive ratings and purchase. When it comes closer to a decision to purchase a particular product, Millennials turn to online reviews to see how they map to their friends’ and parents’ recommendations. 93% of Millennials either always or sometimes read online reviews prior to buying a product. When doing research via a search engine about a product they are considering buying, 48% of Millennials are most likely to click on a retailer website (Amazon, Target), and 32% are likely to click on a brand website. 36% say they always read recommendations about products prior to purchasing. 57% say they sometimes find online reviews helpful for certain purchases. Consumer reviews from third parties factor high into purchase decisions
  • 31. Millennials crowd source their purchases online – seeking the most trusted source, with the highest amount of reviews, while searching for products with the highest positive ratings and purchase.
  • 32. When it comes closer to a decision to purchase a particular product, Millennials turn to online reviews to see how they map to their friends’ and parents’ recommendations. 93% of Millennials either always or sometimes read online reviews prior to buying a product. When doing research via a search engine about a product they are considering buying, 48% of Millennials are most likely to click on a retailer website (Amazon, Target), and 32% are likely to click on a brand website.
  • 33. Millennials research products online prior to purchasing: • 36% say they always read recommendations about products prior to purchasing. • 57% say they sometimes find online reviews helpful for certain purchases. • Consumer reviews from third parties factor high into purchase decisions.
  • 34. Consumerism Becomes Social 49% research 47% trust e-commerce reviews 47% trust social media recommendations. trust e-commerce sites like Amazon and Target for product reviews over a review on the brand website (77%), blogs (82%) and third-party sites (71%). 97% of Millennials trust blogs when conducting online
  • 35. Consumerism Becomes Social The digital convergence continues even at the point of purchase. Millennials text while in-store, sharing pictures and thoughts, and turn to digital devices when finalizing a spend. Because they live in a world where they are always tuned in, they don’t see any limits in where or how they shop. Third-party online reviews factor heavily into this stage of the purchase path. As decisions narrow, Millennials go directly to sites, such as Amazon.com, to search specifically for products with the highest number of reviews. Should a Millennial get a recommendation on the go – while at dinner or even on the subway home – she can immediately hop onto her phone or tablet to make the purchase.
  • 37. Trend Spotters Advisors 50% speak with their parents every day. 89% talk to their parents once a week or more. 50% live less than 30 miles from where they grew up. 74% frequently advise their parents, making recommendations of products they like. 47% often go shopping with their parents. 66% of Millennials frequently seek their parents’ guidance when making large purchases. When gathering advice from multiple sources, Millennials rely most on their parents’ advice (80%), over their spouses’ or significant others’ advice (61%), or friends’ advice (35%).
  • 39. Having spent their enHre lives with technology and connecHon at their fingerHps, Millennials’ expectaHons of brands are higher than any demographic that’s come before them. Headlines poinHng to them as self-­‐ serving and narcissisHc do this group a great disservice. Millennials simply expect brands to keep up with their ‘tuned-­‐in’ lifestyles and avenues of communicaHon.
  • 40. Why Do Millennials Spend So Much Time On Social Media Without Building Substantial Followings? In stark contrast to the Gen X demographic above them, Millennials do not act so much as broadcasters, but rather as responders. A crucial distinction emerges when brands engage Millennials in marketing campaigns. Millennials often linger in standby mode: transmitters that just need to be tapped or inspired to say something, not just given a task. When engaged in brand campaigns, the experiential give/get with this group proves key. Millennials are driven by experience and opportunities, not by gift cards or brand products. They’d rather be sent off on an adventure, challenged to come up with their own cooking creation, or dine out at a cool restaurant, than be paid for their efforts. If you ask for an opinion they will offer one, but they don’t just offer recommendations for products until immersed in a moment with that product or service. They tend to speak up and share when they are using a product in their everyday life and can “spontaneously” document that experience as part of their self-defining and self-branding. Sharing information becomes not in their view a “product recommendation” but instead a candid lifestyle recommendation offered up from their unique personal experience.
  • 41. More Insights for Brands Looking to Crack the Millennial Code • When it comes to traditional media, Millennials are not necessarily skeptical. • Millennials know they are being targeted, and they don’t mind. They just keep it within their own personal perspective. • They develop loyalties at a specific product level, not at a larger brand level. Brands should create visually engaging online destinations as a means to connect with this generation. momcentralconsulting.com 41
  • 42. Get in Touch! Stacy Debroff CEO Founder Influence Central 617.244.3002 stacy@influence-­‐central.com

Hinweis der Redaktion

  1. MEGAN WELCOMES PEOPLE, TALKS ABOUT MC AND BRANDS AND LOGOS. TURNS IT OVER TO ME I TURN TO STACY FACTS ABOUT MILLENNIAL CENTRAL ADD ONE SLIDE ON COSUMER INSIGHTS GROUP. INTROS FOR US – HEADSHOTS, ME STACY, MEGAN AGENDA MEGAN CLOSES – WE REUN A TON OF CMAPAISGNS – ENCOURGAE ANYONE TO CONTACT ME. ME – I DO SLIDES 2- 25, STACY DOES 26 – 37.(CONSUMERISM BECOMES SOCIAL) I FRAME CORE OF RESEARCH. POLL – HAVE YOU BEEN CHALLENGED TO REACH MILLENIALS IN YOUR MRKTG? Megan - note this. We’ll add a poll up – kee an eye out for it.
  2. Thanks Megan! As Megan noted, we are going to spend some time talking about this new generation of consumers – who they are and, some of the contradictions that surround them – and, most importantly, the challenges this poses to us as marketers. This is a generation rapidly increasing in consumer power and influence. Yet despite this, Millennials remain among the least understood consumer sectors. And in thinking about this insights study, we wondered: Do their ongoing bonds to their parents demonstrate a lack of independence or simply strong family ties? Does their fluency with technology impact their trust of online consumer sources or do of!ine, personal recommendations still matter? What most directly impacts their path to purchase? So we conducted an online study of 1,100 American Millennial Women. For this research, we surveyed women without children in order to glean insights from the data about Millennials as singletons. As there’s a growing group of non-Moms from their mid-20s to early-30s who find themselves with relatively large disposable incomes.
  3. We know there’s a large amount of misinformation in the market about this generation. What we found is that for the The Millennial shopper, their customer journey is multi-faceted and circuitous, b/c they live their lives with an overload of recommendations and facts is just how they like it. as such, these consumers demand a new set of rules. Instead of a linear customer journey straight to purchase, Millennials often take the “long road” – involving inspiration, browsing, education, fact-"nding, and opinion-gathering – all overlapping with one another. They embark on meandering paths of purchase that combine personal aspirations with crowdsourcing and product comparisons. They embrace a strong sense of self and believe they make their best decisions using any available information. As marketers, we see them as consumers deeply in!uenced by the world around them. We focused on Millennials’ purchase path both online and of!ine, how their deep connections with family and friends impact the choices in their lives, and the effect of various types of media on their day-to-day decisions. W found Millennials differ from previous generations, and how their ability to share and crowdsource online in visual and instantaneous ways shapes their perspectives of brands, media, and relationships.
  4. This sis a generation with a strong sense of self, in!uenced by family and peers alike, and steeped in the mosaic of the world around them. We describe them as INTREPID EXPLORERS: CLUSTERED BY PERSONALITY ATTRIBUTES
  5. Key attributes = EXPLORATION AND INDEPENDENCE rank high with this generation of women. Millennials consider themselves intrepid explorers. While they’ll share very personalized stories on social media, they’re not out to establish expertise. Which we thought was interesting. Thinking about Millennials as a cohort, we anticipated that a focus on firneds and followers and high numbers of interactions would propel members of this generation into the “inflkeuncer” realm. Especially given the space we work in. However what we found is that They don’t want to be considered a “leader” or “in!uencer” because they focus more on egalitarian relationships or back-and-forth interactions with their friends and family. Millennials are not on a personal quest to secure readers, followers, or likes. Instead, they seek out new products and new experiences, deciding for themselves what they think about them. As a result, they do not seek to build large numbers of followers as many of their leadership and soapbox-seeking Gen X predecessors.
  6. Millennials prefer instead to serve as advisors and consultants for their friends, peers, and family. They focus on creating and curating great content. They envision themselves as cool and trendy crowd- sourcers, taking into account what friends and peers like and do online, then adapting those traits they most admire to their own lifestyle. They care about sharing what they’ve most enjoyed – whether it’s a delicious dinner at the bistro down the street, recipes for tapas they cooked for a gathering of friends, or an amazing shopping find. Millennials like to track their friends and families activities online with 58% sharing this information as a common use for social media.
  7. This sense of advising and consulting works both ways. Along their purcahse opath, Millennials rely on heavy crowd-sourcing to help make the best decisions for them. and we’ll see more of this later in the webinar when Stacy discusses their purchasing habits, but for example 66% rely most on friends’ advice when making tech purchases & 65% seek in-person WOM recommendations for vacation suggestions.
  8. Growing up as Digital Natives, Millennials create sharable narratives through user-generated content with their opinions, purchases, and decisions. It’s a constant process of forming opinions and sharing them instantaneously using dynamic social platforms. Content creation happens at a moment’s notice – it’s become second nature to this group. They don’t see this as “in!uencing” or “being an expert,” but rather as living their lives in the online, social milieu in which they have grown up.
  9. this statement reflects the overall sense of living their lives online. QUOTE. Not the same for those of us who are Gen Xers, or Boomers. 74% post pictures online in “real-time,” not surprising as 49% use their phone more often now than 3 years ago to access social media accounts. 45% post videos they create themselves, 67% share videos they discover online. Of the 40% who have an Instagram account, some post more than 50 times per day.
  10. But not a surprise - first gen to come of age immersed in tech. READ STATS. Another personality cluster that emerged as Digital Natives – life online seamlessly integrated in their core selves.
  11. Not just as personal or emotional expereinces, this constant self-branding is also a factor when ti comes to learning about trends and loking for inspiration in various categories, and
  12. FACEBOOK STILL RULES FOR MILLENNIALS AS THEIR SOCIAL PLATFORM OF CHOICE Much discussion has been made about the importance of Facebook with this generation and its future as their primary social community. Does Facebook stand a chance? According to this group, it does. While many adopt new platforms, Millennials continue to use Facebook more than any other social network.
  13. Millennials’ focused consumerism gives each material purchase a weight and story. Every action, every choice, every moment becomes their mirror through which others de"ne them and they re- de"ne themselves. Because of their penchant for sharing information, every purchase decision involves touching base with their core group. Consumerism for Millennials is an intuitive, interactive part of life – not a separate decision or private process. I’d like to hand it over to Stacy to discuss wha thappens when these contextual discerners take consumerism social.
  14. Regardless of the platform, Millennials act as creators of their own life stories, branded through the "lters of Instagram, labeled by hashtags, and offered as personal updates on Facebook. They constantly interweave photos and personal reflections to create the curated content, it is the immediacy of their evolving experiences that connects and defines them as a generational cohort. As such, Millennials live in the center of their own branded self-networks. But for them, it’s all about self-expression, not narcissism. They use social media to announce important moments in their lives. When something good happens, they turn "rst to social media to share it. Every moment gets saved, publicized, and offered up for comment.
  15. MILLENNIALS SWIM IN TRANSPARENCY, WITH SOME CAUTION: THE MILLENNIAL PRIVACY CONTRADICTION This piece we were quite inteested in – as with all of this online activity happenign 24/7, how do Millennials think about online privacy and the ramifications of sharing so much of your life across social media platforms. Millenials accept the inherent transparency that comes along with social sharing –and they do so because they assume their social commuinties are made up of peers, friends and family members. Again, they don’t bview themselves as influencers and as such they don’t assume strangers will stumble upon their content or posts.
  16. BUT 0- they have changed their behaviors over the past few years. And there is a line in the sand – no checking in, It seems their photos and visual posts are open but any logistical/text won’t be
  17. Millennials utilize a blend of sources for complex decision-making, placing important weight on product reviews to help shape initial views into buying process. They trust blogs for education and research, but look to other online sources for reviews. Millennials do most of the upfront work online. At this stage in the purchase path, Millennials are more trusting of the facts on product websites than personal recommendations or reviews. Brand websites allow Millennials to dig into product information and specifics, as well as pricing, and they use these product facts to evaluate alternatives. In contrast, Boomers and Gen Xers are less likely to do this as they perceive inherent marketing wrapped up in brand-owned media, not trusting the bias. But for Millennials, they regard owned media as the top source to "nd neutral, unbiased product data.
  18. Celebs No Longer Loom Large but Brands Still Key Fame has little sway on ”final purchases and only marginal reach when it comes to awareness about a new product. While brands have bridged the gap with the Millennial demographic, ”finding a way to live both within and outside of their social communities, celebrities remain far removed: 68% of Millennials remain unfazed by a celebrity spokesperson’s in!uence when promoting a brand/product.
  19. In fact, because Millennials don’t have the same innate distrust of brands that previous generations did, they’re more willing to connect with and make brands a part of their social communities. But bear in mind, connecting does not mean welcoming them into the conversation. 66% follow brands on social media, yet only 41% enjoy when brands interact with them online.
  20. Online review
  21. Online review
  22. The difference in the depth of trust is huge when it comes to anonymous online reviews: 97% MOVE 97% TO TOP
  23. Celebs No Longer Loom Large but Brands Still Key Fame has little sway on ”final purchases and only marginal reach when it comes to awareness about a new product. While brands have bridged the gap with the Millennial demographic, ”finding a way to live both within and outside of their social communities, celebrities remain far removed: 68% of Millennials remain unfazed by a celebrity spokesperson’s in!uence when promoting a brand/product.
  24. ENDLING SLIDE WITH CONTACT INFORMATION