Marketing To...

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Marketing To Millennials Presented by Justin Di Vilio

Transcript of Marketing To...

Page 1: Marketing To Millennialscdnmedia.endeavorsuite.com/images/organizations/c16d04ca-8fb8-4223-9ab7... · • AKA – Gen Y, The Me Generation, The Nintendo Generation • 18-35 years

Marketing To Millennials Presented by Justin Di Vilio

Page 2: Marketing To Millennialscdnmedia.endeavorsuite.com/images/organizations/c16d04ca-8fb8-4223-9ab7... · • AKA – Gen Y, The Me Generation, The Nintendo Generation • 18-35 years

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS

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Director of Business Development & Dealer Program Manager for ARI - Marine & RV 9+ years of industry experience in Marine, RV, Powersports and Outdoor Power Equipment Markets

Justin Di Vilio

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Meet the Millennials

• AKA – Gen Y, The Me Generation, The Nintendo Generation

• 18-35 years old

• Highly specific audience

• 79+ million millennials in the U.S.

– 25% of the U.S. Population (largest since baby boomers)

• Most educated generation in history

• Grew up alongside technology boom

• Spend an average of 1.8 hours daily on social media sites

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 2

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© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 3

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Spending Power

Today

$600 Billion in spending power

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 4

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Digital Natives

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 5

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© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 6

Content consumed across multiple devices

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What else do we know

Earliest “digital natives.”

Want to Participate in your marketing.

Known as content creators and users.

Crave adventure—often “safer” adventures.

Strive for a healthy lifestyle.

Seek peer affirmation.

“Hooked” on social media.

Believe in cause marketing.

Similar to older generations.

Value-Driven generation.

Higher Expectations, Little Patience.

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 7

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www.arinet.com

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Millennial types - breakdown

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Struggling Aspirational

Green, healthy and fit Enjoys good food

Always looking out for bargains

[CATEGORY NAME], [VALUE] [CATEGORY

NAME], [VALUE],

[CATEGORY NAME], [VALUE],

[CATEGORY NAME], [VALUE],

Successful Homeowners

Highest income among Millennials Most likely to be homeowners

Active Affluents

Families/ new parents Outdoorsy, fit, foodies Love for leisure travel

Comfortable TV Watchers

This group loves its TV

Reach Promos, Limited time offers, memberships

Reach Video, re-targeting, high

impact media

Reach Mobile, mobile, mobile

Reach Whatever is in front of them

#cornpoppedmovieon

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• Active Affluent

• Income: $$

• Comfortable TV Watchers

• Income: $$

• Successful Homeowners

• Income: $$$

• Struggling Aspirational

• Income: $

57%

18%

17% 8%

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Top Spending Industries

Top Spending Industries

Top Spending Industries

Top Spending Industries

Millennial Income Ranges $ = $49,000 and under $$ = $50,000 to $99,000 $$$ = $100,000 and up

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Perceptions of Millennials

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 11

Lazy

gr

ee

dy

unmotivated

social

green

hardworking

money

responsible

ed

uc

ate

d

carefree

smart

independent

selfish

spoiled

entitled

young

cool

kids

centered liberal tech-savvy

computers

ma

te

ria

listic

loving

driven unemployed

immature electronic

self-centered

fun

intelligent

kids debt

innovative

energetic

happy

ambitious irresponsible

trendy

disrespectful

music hip

Dumb

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Self-Perceptions

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 12

Nintendo Generation

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Perceptions

© 2014 ARI CONFIDENTIAL

arinet.com | NASDAQ: ARIS

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The Risk of Stereotyping

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Generational Attitudes & Behaviors

• I want it fast, and I want it now

• I trust my friends more than “corporate mouthpieces”

• We Collaborate and Cooperate with each other, and brands

• I’m a social creature – both online and offline

• I recognize the need for ads, and am willing to share them

• I expect technology to simply work – so make sure it does

• I am looking for adventure and experiences

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 14

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© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 15

I want it fast, and I want it now

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I trust my friends more than “corporate mouthpieces”

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 16

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I’m a social creature – both online and offline

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 17

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I recognize the need for ads, and am willing to share them

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 18

Source: Yahoo Content Marketing Ingestion Study April 2013

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I expect technology to simply work – so make sure it does

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 19

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I am looking for adventure and experiences

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 20

Sell the experience, not the product

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Let’s Think Like A Millennial

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 21

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How to:

Set the mood. Give them a repository for a particular emotion, or bond over a universal human experience.

Help them escape by giving them a glimpse of the good life, inspiring them, and “reinforcing the millennial values of

embracing life and finding happiness along the off-roaded path to adulthood.”

Fuel creativity and play with absurdist mash-ups, a light sense of humor and carefully curated memes that are the tight fit for a

brand’s attributes.

Spotlight pop culture, especially using nostalgia nods, superfandom and celebrity musings.

Help them succeed with how-tos, life-hacks and any content experience that makes them feel smarter.

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 22

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What to do:

• More marketing platforms, more choices

• Use Cross-device targeting

– A multi-platform strategy

• Videos

• Images

• Use Dynamic Product Ads

• Offer mobile codes

• Utilize online-only coupon codes and discounts

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 23

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Where

Phase 1

• Facebook’s Dynamic Product Ads

• Use a Retargeting service to recapture interest

and follow them on the web

© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 24

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• Store Beacons for cell phones

• Your online destination – Your website

– Forms, coupon codes, discounts

• Location Share Discounts – Social media

• In-store QR codes & promotions

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Phase 2

• Twitter Ads

• Pinterest

• Utilizing snapchat

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ARI Services

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Social Media Ads & Services Email Marketing

Content Optimization SEO Content

Pay Per Click Ads Directory Listing Management

Inventory online Feed to Boattrader,

iBoats & more… OEM Parts Online

Craigslist, eBay, YouTube Inventory feed

ARI Mobile

Lead

Management

Saves Time Increases Productivity

Convert leads into buyers

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Useful Links

• Facebook Dynamic Product Ads

– http://www.nanigans.com/blog/fb/usu/6-reasons-

facebook-marketers-dynamic-product-ads

• Beacon Use

– http://www.swiftiq.com/blog/using-beacons-to-deliver-

contextual-in-store-customer-experiences

• What is Retargeting

– https://retargeter.com/what-is-retargeting-and-how-

does-it-work

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Any Questions?

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© 2014 ARI CONFIDENTIAL arinet.com | NASDAQ: ARIS 31