marketing to millennials top trends and ways to reach this elusive group

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1 Jeff Fromm Co-Author “Marketing to Millennials: Reach the Largest and Most Influential Generation of Consumers Ever.” EVP at Barkley, a fiercely independent ad agency. Copyright© 2013 by Barkley. All rights reserved.

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If brand marketers want to succeed with the Millennial consumer, they'll need to understand and influence the trends, concerns and habits of that generation, which has an annual direct spending power estimated at $200 billion and represents 25% of the population. This webinar will provide attendees with tools to guide their thinking for the future and how to ensure they are marketing to this undeniable demographic. This presentation will also coincide with the release of my book, "Marketing to Millennials: Reach the Largest and Most Influential Generation of Consumers Ever."

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Page 1: Marketing to Millennials Top Trends and Ways to Reach This Elusive Group

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Jeff FrommCo-Author “Marketing to

Millennials: Reach the Largest and Most Influential

Generation of Consumers Ever.”

EVP at Barkley, a fiercely independent ad agency.

Copyright© 2013 by Barkley. All rights reserved.

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Submit questions!

5 people who submit questions will receive a free

book!

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The Definition of Brand Value

We Knew and Loved

DIED.Copyright© 2013 by Barkley. All rights reserved.

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Copyright© 2013 by Barkley. All rights reserved.

The New Definition of Brand Value

Brand Value =

Functional, Emotional & Participative Benefits

PriceΣ

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Images via respective sites.Copyright© 2013 by Barkley. All rights reserved.

MILLENNIAL

MINDSET

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Copyright© 2013 by Barkley. All rights reserved.

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To get full access to all the reports check out my

linkedin profile:

www.linkedin.com/in/jefffromm/

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Copyright© 2013 by Barkley. All rights reserved.

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Copyright© 2013 by Barkley. All rights reserved.

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The Participation Economy

Copyright© 2013 by Barkley. All rights reserved.

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Creative Excellence to Content Excellence

Copyright© 2013 by Barkley. All rights reserved.

CREATIVEEXCELLENCE

CREATIVEEXCELLENCE

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Copyright© 2013 by Barkley. All rights reserved.

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“Useful Is The New Cool.”

Write this down...

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So Here Are The Six Rules:

Engage early adopters of new technology.

Build a listening and participation strategy.

Make them look good among peers.

Design a sense of adventure and fun into your

brand.

Embrace disruption.

Keep their loyalty.

Copyright© 2013 by Barkley. All rights reserved.

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RULE 1: Engage Early

Adopters of New Technology

Copyright© 2013 by Barkley. All rights reserved.

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Millennials are 2.5x more likely

to be early adopters of new technology

Source: “American Millennials: Deciphering the Enigma Generation.” Joint research by Barkley, BCG & SMG.Copyright© 2013 by Barkley. All rights reserved.

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Do You Have a Tech Roadmap?

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RULE 2: Build a Listening andParticipation Strategy

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Source: “American Millennials: Deciphering the Enigma Generation.” Joint research by Barkley, BCG & SMG.Copyright© 2013 by Barkley. All rights reserved.

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One-third of Millennials say they like a brand more when the brand

uses social media

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Taco Bell Joins The Snap Chat Community

Images via TwitterCopyright© 2013 by Barkley. All rights reserved.

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Images via TwitterCopyright© 2013 by Barkley. All rights reserved.

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Taco Bell Shares Secret:The Beefy Crunch Burrito is

Back

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Copyright© 2013 by Barkley. All rights reserved.

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RULE 3: Make Them Look

Good Among Peers

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Source: “American Millennials: Deciphering the Enigma Generation.” Joint research by Barkley, BCG & SMG.Copyright© 2013 by Barkley. All rights reserved.

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70% of Millennials are more excited about a decision they’ve made when their friends agree with them

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Images via Warbyparker.comCopyright© 2013 by Barkley. All rights reserved.

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Copyright© 2013 by Barkley. All rights reserved.

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RULE 4: Design a Sense of

Adventure and Fun into your Brand

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Source: “American Millennials: Deciphering the Enigma Generation.” Joint research by Barkley, BCG & SMG.Copyright© 2013 by Barkley. All rights reserved.

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69% of Millennials say they consider themselves

adventurous

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Copyright© 2013 by Barkley. All rights reserved.

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RULE 5: Embrace Disruption

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Copyright© 2013 by Barkley. All rights reserved.

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Meet Michael

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82,693 25,019 10,087,490

Stats of April 23, 2013Copyright© 2013 by Barkley. All rights reserved.

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Copyright© 2013 by Barkley. All rights reserved.

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RULE 6: Keep Their Loyalty

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Source: “American Millennials: Deciphering the Enigma Generation.” Joint research by Barkley, BCG & SMG.Copyright© 2013 by Barkley. All rights reserved.

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45% of Millennials will go out of their way to shop at stores offering

rewards programs

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Implicit

Loyalty

ExplicitLoyalty

vs.

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Image via southwest.comCopyright© 2013 by Barkley. All rights reserved.

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Copyright© 2013 by Barkley. All rights reserved.

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What if you have an iconic brand with an older core

audience?

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Copyright© 2013 by Barkley. All rights reserved.

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Storytelling

vs.

Storydoing

Storytelling

vs.

Storydoing

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www.sharelikebuy.com

ANA DISCOUNT CODE: ANA4SLB

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Sneak Peek for ANA Members... Sneak Peek for

ANA Members...

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The Millenial Generation Becomes Parents!

The Millenial Generation Becomes Parents!

Go to millennialmarketing.com to get a taste of our newest research and learn more at our Share Like Buy

conference in September!

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THANK YOU

Copyright© 2013 by Barkley. All rights reserved.

@ jefffromm | [email protected] | www.sharelikebuy.com