Moosylvania is an agency
working in the digital arena. Their clients include Universal Studio Home
Entertainment, Alamos Car Rental, Enterprise Car Share, PayPal, Spectrum
Brands, and many others.
They recently completed a
study of 1,000 Millennials across America to find out if what we think about
their behavior matches with what they do.
These results impact radio
station branding and behavior in the digital age:
Forty percent of Millennials
are young, between ages 13 and 23; 60% are 24 to 33. They’re attractive to
advertisers and are often more savvy than those trying to reach them know.
Males make up 52% of this
group, women 48%; 22% earn between 50 and 75 thousand dollars a year and 56%
earn less than 50k, due to their youth.
Millennials are regarded by
their elders as angst-ridden hipsters. That’s myth #1. Moosylvania’s
research shows they prefer transparency over trends, and they are not simple
followers.
Asked to name their favorite
brands unprompted, the largest mention is Apple at 7.5% - hardly an
overwhelming figure. Samsung came in at 4.5% of mentions and Sony at 4.1%.
Having been digital users
most of their lives, Millennials will advocate for a brand if they believe
it is authentic. What do they mean by “authentic”? That a company answers
questions honestly, delivers on what it promises and builds trusting
relationships with its followers.
59% will “Like”
a brand on Facebook
57% will tell
their friends about the products they like
54% will shop in
a physical store for these products
“Liking” is all too easy,
but look at the 54% who will go to a store – that’s strong endorsement of a
brand.
The second myth says
Millennials shop online almost exclusively. If 54% will shop for a brand in
a physical store, that can’t be true. They go online to do their research
about things they might buy.
They find new products on
and off line:
51% check
Facebook
45% hear from
friends or family
36% saw a TV
commercial
32% saw
something new in a store
30% checked a
brand website
To compete with brands and
companies Millennials trust, you have to read reviews by real people, study
the competition’s online messages and ads and meet their transparency and
promise delivery standards.
Millennials want details and
information. This means they also want reassurance. Even after a purchase,
they will continue to check reviews, opinions and online information on what
they’ve bought.
The survey respondents’
descriptions of how they shop are illuminating:
53% say they
prefer to shop alone
40% prefer to
shop with a friend
22% say when
they are in a store, they often contact friends for
opinions and
advice
When they contact someone
about a purchase:
22% send a text
message with a photo
13% make a phone
call (yes, they do still talk on the phone)
11% send text,
no photo
7% use
Facebook or other social media
How they shop and seek
reassurance means you need to cover all appropriate channels of
communication. You want your content to shine in any context, be it
website, Facebook, or station cell phone app. You also want it to be easily
shared. For example, don’t bury your contest info – put it right out front.
Whether you’re selling
yourself or your clients, it’s important to note that Millennials want
content on a website or other platform that provides context, such as how-to
information or reviews.
Here’s how they respond to
content that provides what they want:
55% go to a
store or event to see for themselves
43% ask for
opinion from a friend or family member
33% respond to
written reviews [listener generated content matters]
The lesson: Advertising
that creates context will cause them to invest in your product.
Focus on staying true to
your brand, deliver on what you promise and make sure that information is
available on all platforms. For radio, that means imaging, listeners on the
air and on the website, going beyond “Likes” on Facebook and other social
media.