social cmi: audience: first time buyers

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Audiences: First Time BuyersHow to target a consumer audience effectively

PETER FAIRFAX/ RESEARCH ANALYST

In context

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• Client: Bank• Aim: Improve

marketing aimed at first time home buyers (FTBs)

• How: Understand how FTBs talk and feel about buying houses differently to other buyers

• Also new marketing around general buyers

• Emotions• Themes• Questions• Language

How first time buyers were identified• UK Authors who have

mentioned looking for or buying a first property.

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(((I OR me OR myself OR mine OR im OR ive OR we OR us OR ive OR our OR weve) NEAR/2f first) NEAR/2f (house OR flat OR property OR apartment OR mortgage))

Twitter/ @SteveSinyardJust picked up the keys to my/our first house...finally I'm an adult! 🏡🔑pic.twitter.com/…

How first time buyers were identified• UK Authors who have

mentioned looking for or buying a first property.

• Take into account economic context and terminology.

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(((I OR me OR myself OR mine OR im OR ive OR we OR us OR ive OR our OR weve) NEAR/2f first) NEAR/2f (house OR flat OR property OR apartment OR mortgage))

((I OR me OR myself OR mine OR im OR ive OR we OR us OR ive OR our OR weve) NEAR/5f ("first time buyer" OR "first time buyers" OR "help to buy ISA" OR "help to buy ISAs" OR help2buy OR "htb isa"))

Twitter/ @SteveSinyardJust picked up the keys to my/our first house...finally I'm an adult! 🏡🔑pic.twitter.com/…

Twitter/ @elizabeth_how@littleowl_ We've opened Help To Buy ISA's so that's something but we're going to need to save pennies for everything else.

How first time buyers were identified• UK Authors who have

mentioned looking for or buying a first property.

• Take into account economic context and terminology.

• Many exclusions, for example property authors and finance related posts.

• Control group also created to improve existing marketing

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(((I OR me OR myself OR mine OR im OR ive OR we OR us OR ive OR our OR weve) NEAR/2f first) NEAR/2f (house OR flat OR property OR apartment OR mortgage))

NOT ((were OR "are you" OR their OR they) NEAR/3 ("first time buyer" OR "first time buyers"))NOT ("after my" OR site:landlordzone)

((I OR me OR myself OR mine OR im OR ive OR we OR us OR ive OR our OR weve) NEAR/5f ("first time buyer" OR "first time buyers" OR "help to buy ISA" OR "help to buy ISAs" OR help2buy OR "htb isa"))

Twitter/ @SteveSinyardJust picked up the keys to my/our first house...finally I'm an adult! 🏡🔑pic.twitter.com/…

Yahoo Finance UK[…]could revolutionise the way young people save for their first home, as well as providing a higher quality service for tenants

Twitter/ @elizabeth_how@littleowl_ We've opened Help To Buy ISA's so that's something but we're going to need to save pennies for everything else.

Findings

diynot.com

forums.digitalspy.co.uk

forums.overclockers.co.uk

mumsnet.com

tripadvisor.co.uk

forums.moneysavingexpert.com

0 1000 2000 3000 4000 5000 6000

285

330

358

458

480

4955

TOP SITES BY VOLUME (EX TWITTER)

TOTAL MENTIONS

Where to advertise, who to partner with

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First time buyers General buyers0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

59% 53%

37% 41%

CHANNEL BREAKDOWN

ReviewGeneralBlogForumTwitter

SHAR

E OF

MEN

TION

S

First time buyers General buyers0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

51% 51%

17% 13%6% 13%8% 12%16% 6%

2% 5%

QUESTION TOPICS

Financing (inc mortgages) Deposits TaxationInvestment Savings Buying abroad

Information to provide/ Question topics

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Twitter/ @lexington23@AskHalifaxBank hi - I'm a 1st time buyer with a full deposit and an offer on a house -can I still benefit from Help to Buy ISA or too late?

First time buyers General buyers0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

51% 51%

17% 13%

6% 13%

8%12%

16% 6%2% 5%

QUESTION TOPICS

Financing (inc mortgages) Deposits TaxationInvestment Savings Buying abroad

Emotions by group

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First time buyers General buyers0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

58%

24%

19%

39%

14%

10%

9%27%

Excited Nervous Proud Discouraged

SHAR

E OF

EMO

TION

AL M

ENTI

ONS

First time buyers General buyers0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

51% 51%

17% 13%

6% 13%

8%12%

16% 6%2% 5%

QUESTION TOPICS

Financing (inc mortgages) Deposits TaxationInvestment Savings Buying abroad

Emotions by group

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• Excitement among first time buyers to capitalise on

First time buyers General buyers0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

58%

24%

Excited Nervous Proud Discouraged

SHAR

E OF

EMO

TION

AL M

ENTI

ONS

First time buyers General buyers0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

51% 51%

17% 13%

6% 13%

8%12%

16% 6%2% 5%

QUESTION TOPICS

Financing (inc mortgages) Deposits TaxationInvestment Savings Buying abroad

Emotions by group

BRANDWATCH.COM

• Excitement among first time buyers to capitalise on

• First time buyers proud – "adulting"

First time buyers General buyers0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

14%

10%

Excited Nervous Proud Discouraged

SHAR

E OF

EMO

TION

AL M

ENTI

ONS

First time buyers General buyers0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

51% 51%

17% 13%

6% 13%

8%12%

16% 6%2% 5%

QUESTION TOPICS

Financing (inc mortgages) Deposits TaxationInvestment Savings Buying abroad

Emotions by group

BRANDWATCH.COM

• Excitement among first time buyers to capitalise on

• First time buyers proud – "adulting"

• Nervousness and discouragement to address among general buyers

First time buyers General buyers0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

19%

39%

9%27%

Excited Nervous Proud Discouraged

SHAR

E OF

EMO

TION

AL M

ENTI

ONS

Topics within emotions

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Twitter/@saffyhill_just put a deposit down on mine and @JWal10 first house together, cannot wait to get the keys and move in 😄🏡

FIRST TIME BUYERS: EXCITEMENT

Topics within emotions

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Forum/Wig…finally after waiting 10 years to find one, and during those 10 years also building up the nest egg. Now the trouble is I don't have a survey or a rebuild value

GENERAL BUYERS: NERVOUSNESS

First time buyer question topics

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FIRST TIME BUYERS: QUESTIONS

Twitter/ElPatchHaliz@MartinSLewis I've been told by Halifax I can't use my help to buy ISA on anything less than 10%deposit? Is this true? It doesn't say anywhere

First time buyers General buyers0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

31% 36%

69% 64%

LANGUAGE ANALYSIS

Long words Other

SHAR

E OF

MEN

TION

S

Best language for marketing

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Twitter/@tristanpc@BBCWorldTonight my ancestors lived in St Ives for generations. Would they prevent me buying a home over single homeowning downshifters?

Twitter/@LoveFromLeahThank you @AskHalifaxBank for our first mortgage and gift box!!

First time buyer: More concise

General buyer: More wordy

Recommendations

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• First time buyer marketing: Positive, optimistic, using excitement.

Recommendations

BRANDWATCH.COM

• First time buyer marketing: Positive, optimistic, using excitement.

• General buyer marketing: Problem solving. Reassure about long term investments.

Recommendations

BRANDWATCH.COM

• First time buyer marketing: Positive, optimistic, using excitement.

• General buyer marketing: Problem solving. Reassure about long term investments.

• Target first time buyers on general social networks, e.g. Twitter. Use forums for future listening and partnerships for general buyers.

Recommendations

BRANDWATCH.COM

• First time buyer marketing: Positive, optimistic, using excitement.

• General buyer marketing: Problem solving. Reassure about long term investments.

• Target first time buyers on general social networks, e.g. Twitter. Use forums for future listening and partnerships for general buyers.

• Concise, jargon-free language to target first time buyers. More complex language can be used in general buyer marketing.

Insights Central

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Questions? Bring them to the research

pods

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