Uploaded on Mar 8, 2022
PPT on Role of Millennials in your brand success
Role of Millennials in your brand success
ROLE OF
MILLENNIALS IN
YOUR BRAND
SUCCESS
Who Are the Millennials?
+ Millennials are the group of people born from
1981 to 1996, dates recently crystallized by the
Pew Research Center after years of vagueness
that set them anywhere from 1980 to the early
2000s.
S O U RCE : WW W. I N V E S T O P E D I A . CO M 2
Why Do Millennials Matter?
+ Millennial consumers don’t put as much emphasis
on a great deal as the older generations, instead
they focus on the values associated with the
product or service.
+ Brands that can tap into millennial values are the
ones that will have staying power within this
buying group.
S O U RC E : W W W. COXBLU E . C OM 3
Millennials value time
+ As consumers on the go, millennials value their
time and respond well to brands that recognize
this point. Brands savvy enough to offer mobile-
friendly service and checkout options as well as
well-timed marketing offers are likely to win a
loyal following from millennials.
S O U RC E : W W W. VO CA L CO M . CO M 4
Millennials use smartphones to
make purchases
+ Millennials are a mobile-dependent generation,
and their mobile use frequently involves making
purchases.
+ A Nielsen study confirmed that 85% of millennials
own smartphones, while the Badgeville study
cited that 58% of millennials are mobile shoppers
and 41% have made purchases on their
smartphones.
S O U RC E : W W W. VO CA L CO M . CO M 5
Millennials are vocal on social media
+ Just as millennials consult peer comments on
blogs and social media before making purchases,
they are also keen toward expressing their own
opinions post-purchase or service.
+ Negative experiences expressed on social media
may lead to customer churn, but great
experiences may result in brand advocacy that
leads to new business and long-term loyalty.
S O U RC E : W W W. VO CA L CO M . CO M 6
Millennials like to contribute to
brands
+ Millennials not only support brands that reflect
their personal values, but they also love brands
that encourage customer participation.
+ Brands that proactively ask for customer opinions
on products and services and invite customers to
vote for a favorite or share their own content tend
to appeal to millennials.
S O U RC E : W W W. VO CA L CO M . CO M 7
Millennials embrace the
omnichannel experience
+ Millennials like to engage with brands on multiple
channels, often switching from one social media
platform to chat as they feel like it. Brands should
take notice and be sure to embrace an optimized
omnichannel strategy.
S O U RC E : W W W. VO CA L CO M . CO M 8
Encouraging Loyalty with Rewards
+ There is a common misconception that millennials
aren’t loyal to brands. That’s not necessarily true.
Millennials have a tendency to be loyal to brands
who reward them for their loyalty.
+ Rewards programs can be successful among
millennials, especially in the travel industry.
S O U RC E : W W W. COXBLU E . C OM 9
Practicing Transparency
+ Millennials are inherently distrustful, especially of
big corporations. To get in touch with young
consumers, companies need to open the door and
let them in.
S O U RC E : W W W. COXBLU E . C OM 1 0
Promoting the Experience
+ The millennial generation at large doesn’t want to
just buy and use a product or service—they’re
looking for a full customer experience.
+ When someone goes to an Apple store, for
instance, it’s not typical for a customer to simply
choose their product, pay for it and walk out.
S O U RC E : W W W. COXBLU E . C OM 1 1
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