The Millennial generation (16-34 y.o) has been analyzed and scrutinized, but rarely has it been thought of as more than a homogenous group of highly connected, digitally savvy youth. While true, the nuanced differences between the members of this generation deserve the attention of all brand marketers. Why? It’s in the awareness and respect for those distinctions that the true engagement occurs. This presentation will explore those distinctions. Barkley, in partnership with Boston Consulting Group and SMG, surveyed over 4,000 American Millennials and 1,000 non-Millennials to uncover the truth about this elusive consumer. How do Millennials interact with brands? Where do they eat and shop? How are they making buying decisions, and what factors influence their opinions and choices? From the research findings (more than four million data points!), Barkley uncovered distinctions between Millennials and non-Millennials that aren’t explained simply by their differences in life stage. Topics studied include: behaviors and attitudes about food and restaurants, shopping habits, social customs, media usage and travel choices. Also, the presenter will discuss how Millennials feel about nonprofits and corporations that partner with them, volunteer efforts and the state of the world in general.
Takeaways:
1. The audience will learn that the Millennials are multi-faceted, yet still share common features unique to their generation. The six segments of Millennials, as defined by our research, will be described.
2. Audience members will find out what the Millennial generation thinks of cause marketing and businesses that support causes, and how their volunteer efforts differ from older generations.
3. The presentation will explain the term, “Participation economy,” and why all brand marketers must break out of the old marketing mindset and instead think in terms of engagement and co-creation.
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