Follow us

Digital Media Summit on Facebook Digital Media Summit on Twitter DMS on Youtube

DMS Blog

Conference Registration

Guest Blog: Adam Rodricks – Millennial Mindset: 3 Tips for Selling Effectively
How many articles have you read about understanding the millennial generation? There is no shortage of information about who we are, but there is a great deal to be said about how that affects your marketing strategy. Forget that we represent roughly 50% of all bloggers, or that we now represent the majority of the workforce. Millennials now represent $200 billion in annual buying power and that number is only increasing. You don’t need to understand us so you can give your office millennial a fist-bump in the hall way, you need to understand us because we make up more and more of your bottom line. Here are the top three things you need to remember when selling to the millennial generation: #1 Your grand-daddy’s ads don’t work on us. Only 1% of millennials said that a compelling ad would make them trust a brand more (and we know how important trust is to millennials). Part of that is volume – we’re exposed to well over 2,000 ads a day and we know now from Buzzfeed articles (and other equally credible sources we get our news from) that most of them are trying to show us an ideal state. So, we put up a wall. It comes in the form of a PVR to skip ads on television, or browser plugins to avoid ads on YouTube. We know the ways you’re used to advertising to us, and we’re taking measures to get around it. If you’re skeptical: ask a millennial how many t.v. shows they watch? Then ask them how many of those are actually on a live television set. Point being: try something new if you want to break-through. #2 We’re not slacking, but we are lagging. 61% of millennials admit they can’t afford a house. The fact is, the economy has left many of us in our parents’ homes, with debt and underemployment rampant. What does this mean? All of the major milestones that our parents achieved in their 20s such as marriage and having kids, are happening later in life to us. So when you’re putting up the ad about empowering the 25 year old whose career has taken off, know that resonates with far fewer of us than it would have with you. #3 We trust reviews, but not all of them. 33% of millennials rely on blogs before making a purchase. And you’ve probably heard this contrasted against the fewer than 3% who refer to TV news, magazines and books. But that doesn’t mean we trust all reviews because they’re online. We’re well-aware you can pay for positive reviews on your products, and many of you do. This is why we hold endorsements that come from our personal networks in high regard. That’s why Facebook pages show which friends have ‘liked’ before the overall number, and why Twitter accounts show users who you follow that also follow a third party. Prioritize testimonials and authentic reviews if you want to break through and create that 1:1 effect with millennials. Want to learn more about marketing to millennials? CEO and bestselling author, Shama Hyder will be discussing strategies and approaches you need to reach the millennial market including how we think and what we expect from companies. Register here. Read more from Adam Rodricks via his blog: http://adamrodricks.com/
Clip to Evernote
Tags: , , , , ,
Home / Guest Blog: Adam Rodricks – Millennial Mindset: 3 Tips for Selling Effectively