Showing posts with label Millennials. Show all posts
Showing posts with label Millennials. Show all posts

Tuesday, May 8, 2018

CMOs: Three Action Items to Improve Your Marketing to Millennials

Choosing a target market to advertise to can sometimes be challenging. With their immense and ever-growing purchasing power, millennials are becoming more and more of a target for advertisers. How can we best market products and services to a generation of consumers with short attention spans, expressive tendencies, and little interest in traditional ads? 

By KellyEhlers – featured on Forbes, June 27, 2017

Millennials are digital natives who grew up with technology. They are a very distracted group, but their tendency to multitask might be a positive – they are constantly switching between platforms, which makes it more likely that they’ll see an advertisement. Because they’re a very diverse group, it’s a challenge to catch all of their attentions at once. When it happens, though, it’s all worth it.


Source: giphy.com

By azfar – featured on SEOPressor, December 29, 2016

This article considers some of the characteristics of millennials. They look up to individuals instead of brands; reject traditional ads; are skeptical, socially-influenced, expressive, anti-establishment; and have short attention spans. They value honest advertising, reviews, and when ads are created specifically for them. They don’t just trust any ad, so we have to cater to their wants and needs.

Based on my review of the two articles and my studies at Northwestern, I've created three action items to remember the next time you think about marketing to millennials. 

      Pay attention.
o   We need to constantly be aware of how millennials’ preferences are changing and focus on what they want.
·      Advertise smartly.
o   Millennials do research, read reviews, weigh pros and cons, and go to their friends for advice when purchasing – we need to be honest and open when we advertise to them.
·      Trust the youth.

o   Millennials are the largest generation in the world, and we need to listen to what they want.


      Estie Gelman is a junior at Northwestern University studying Psychology, Integrated Marketing Communications, and Business Institutions.

Sunday, April 30, 2017

Homebuilders Take a Cue from Retail: 3 Ways to Reach the Millennial Market

Millennials are the largest group entering homeownership in the US today. Savvy homebuilders and developers know these buyers have different needs and wants than the generations before them. Many saw their parents lose in the housing recession, and are not willing to settle and cram themselves into a home or community that doesn’t support the way they want to live. To succeed in this environment homebuilders and developers need to think differently about how to reach them.


As the CMO of the largest community developer in the nation, I track consumer sentiment about home buying carefully, and have found two articles that you will find interesting as you think about how to reach and what to build for Millennials.


Brian Croce, an Editor at Hanley Wood Residential’s BUILDER Magazine – the seminal industry publication – outlines the challenges in BUILDER Online that this customer group faces, from high student loan debt, to lack of available homes that meet their preferences and needs, while making the case for the growing optimism of Millennial homebuyers. Citing a recent Zillow survey, 65% of 18-34 year olds say owning a home is necessary to live a good life, and 73% say it provides more personal freedom. This, despite shifts from homeownership being a badge of honor for earlier generations, to something Millennials can take or leave in the sharing economy.



Natural, creative playgrounds create memory points and connect with Millennial parents 

In this article, in BisNowa publication focusing on trends and innovations in the real estate sector,  Patricia Kirk outlines how Millennial influence has transformed the retail industry.  Retailers who have remained “relevant” today know speed, convenience and custom individualism is essential to these buyers. These same trends are critical for homebuilders wanting to make sure the homes they are building will serve the evolving lifestyle needs of Millennial buyers. The question some builders may have is how? 

After reading these two articles, I’ve developed 3 action items that will help builders and developers hoping to appeal to the pent-up optimism of the Millennial homebuyer, with a retail frame of mind:

  • Focus on personalization: give Millennials innovative home and community designs that reflect how they live, no cookie-cutter designs
  • Think experience first: to Millennials, experiences matter more than stuff – give this “YOLO” generation ways to experience life the way they want 
  • Make community matter: localize, regionalize and create an authentic community for this craft-brew, maker-loving generation


Builders and developers who take time to think personal, experiential and community will win with Millennials as they re-shape how society lives, and

By Teri Slavik-Tsuyuki - I was CMO for Newland Communities for 10+ years and now share my perspective and insights through my customer experience and brand strategy consulting business tst ink. Follow me on Twitter