Are Millennials Still Hot Stuff? Understanding Emerging Consumer Audiences

Are Millennials Still Hot Stuff_ Understanding Emerging Consumer Audiences .docx

Marketing companies have been competing for the minds of millennials fiercely over the last few years – and for good reason.

Millennials represent about a quarter of the entire US population, and have over $200 billion in annual buying power. Though they have less discretionary income than Baby Boomers and older generations, they have a lot of influence – and are hard to reach with traditional marketing methods.

But are millennials still the hottest consumers out there? Or should we be focusing our efforts on a new generation of consumers? Here’s the scoop.

Millennials Are Still The Most Important Consumer Generation – For Now

Millennials are defined as individuals who were between 18-34 in 2015 by the Pew Research Center. They are just now entering the prime of their lives as consumers.

As millennials age, their income continues to grow as a generation. Most millennials are now out of college and working in professional careers, and millennials are the most educated generation to date.

This means that the buying power of millennials is only going to grow in future years, as they begin to start families and earn more discretionary income.

However, millennials will not stay at the top of the heap forever. As time goes on, Generation Z continues to grow – and a new generation of consumer is born.

Gen Z – The Largest Consumer Generation In History

Generation Z is defined as the “post-millennial” generation. While most definitions vary, it’s agreed that most Gen Z individuals were born around the year 2000 or later. This generation already makes up 25% of the population, and is forecasted to continue to grow.

As Gen Z becomes older, and younger people begin to enter the consumer market, they are likely to become the most highly sought-after consumer generation, just as millennials were before them.

Focus On Millennials In Marketing Efforts – But Don’t Forget About Gen Z!

How should brands market their products? Luckily, millennials and Gen Z both share a few common attributes. Consumers from both generations are tech-savvy and have quite a bit of influence on the market – and both Gen Z and millennial consumers do not respond well to traditional advertising methods.

While millennials should be the focus on most marketing efforts, Gen Z should not be overlooked. Brands should be using social media platforms like Snapchat, Instagram and Twitter to reach a younger audience, and should always be on the lookout for hot trends that could appeal to Gen Z consumers.

Conclusion

As time goes on, millennials will become less important as a consumer audience, and the importance of Gen Z will grow. So focus on millennials for now, but don’t forget about the younger generation.

Pepsi Recycling goes Live!

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This summer, Live Nation, Pepsi, TerraCycle and Canopy teamed up to generate fan excitement and help increase the recycling rate of plastic water bottles and aluminum cans at Live Nation venues.

The experience included two new interactive bin concepts developed by Pepsi and TerraCycle that help “game-ify” recycling. Concert-goers at the Jones Beach Amphitheater over the course of 5 shows (Dave Matthews Band, Train, and others) were encouraged to join in on the fun, and boy did they!

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As agency of choice, we were completely focused on getting fans to not just engage in the game, but more importantly, to understand the importance of recycling. And while rewarding them with tangible prizes for their involvement was great, the emotional reward of helping sustain the health of our world was that much more.

“It’s great to work with a team that focuses on not just doing the activation, but one that proactively looks to refine and improve it as it’s live. Canopy’s team was able to do this in more ways than one. Always thinking of ways to engage and educate. Making for a very successful pilot with Live Nation and TerraCycle.” says Lawren Cooper, Manager, Environmental Sustainability at PepsiCo

For a broader look at what we did, check out the highlight video.

Thanks again for reading! Hope this inspires you to get involved. And as always, feel free to drop us a line if you want to talk about this, or any other needs you might have.

Recycling is a Slam Dunk!

MountainDew_NBA_CanopyClick to see the highlight reel

Every once and a while, we get the opportunity to create things that have a purpose. Well, recently we were lucky enough to be able to do this in collaboration with two amazing brands, the NBA, Mountain Dew and Pepsi Recycling.

At this year’s NBA All-Star Weekend in New Orleans, we developed and introduced ‘Recycle & Recharge’, an interactive experience designed to educate consumers on the importance of recycling.

The trick with this activation was to get people excited and engaged through gameification. So, we turned recycling bins into basketball hoops on one end, and had them partake in a shootout to win prizes. And on the other end, we setup a “green” screen, where they could show off their dunking skills, and then share through social media.

The result: over 3,000 participants and premiums distributed, with an estimated 85,000+ views on social media. And more importantly, an experience that left people smarter on what it means to recycle.

With this, and other upcoming initiatives just like it, we hope to use our creative thinking to broaden awareness for environmentalism, and continue to make recycling a slam dunk!

What Sparks Our Fire? Working with great brands to create ideas with a purpose, and leave an everlasting impression. What about you?!

It’s called a brief, so let’s keep it that way.

mens-underwearOkay people, let’s get down to business here. How many of you have written creative briefs for your agency that included page-upon-page of research, data, analysis and much more? I’m assuming most of you. Now, this is NOT a bad thing. In fact, it’s a GREAT thing to provide. So we applaud you for overdelivering on the background info we might need.

BUT… when it comes down to the heart of what you want the agency to deliver for you creatively, it’s best to keep it short and sweet. The immersion is the key area where we intend to learn anything and everything about your brand, business, category and consumer. This is where the data-dump should take place.

Whereas the actual initiative we are working on should be able to be interpreted in one-page or less. References to examples that you’d consider benchmarks are always a plus.

If you do this and hear crickets, then the agency just doesn’t get it and maybe the long-form is necessary. However, more times than not, the agency will appreciate the synthesis of your objectives, and be able to move ahead much more efficiently with the task at hand.

So the next time you’re getting ready to pull the trigger on that brief, try and remember this tip. It will save you time on both ends.

Thanks for reading, and let us know if this was helpful, or if you need help crafting that brief.

I think I trust you…

HTSAF_iThinkiA survey* was recently released with two startling statistics that revealed 42% of consumers found brands less trustworthy today, while 48% believed brands can have a positive impact on the world. Now those are two opposite sides of the spectrum if we ever saw one. But more importantly, how do we bridge this interesting divide?

After going through some thoughts about politics they touched on the most interesting path: Understanding the culture of your target consumer and effectively tapping into it remain key. So, building your brand and its identity around a cultural insight is paramount. Find it. Inspire and positively provoke your target with it. Then craft and design your creative campaign around it.

Lastly, be relentless in searching out these cultural insights. Remember, insights are not facts. They are something you discover about your brand or consumers that no one else can own. They belong to you. So say “NO” to the obvious. Reject the ordinary. And, initiate around the extraordinary. So who’s bridging this gap today, you ask? Here are a few off the top of our heads:

  • Subaru — Recognition for LGBT campaign
  • Tesla — Being forthright about their mistakes, and fixing them
  • Chick-fil-A — Authentic and plain spoken
  • Dove — Authenticity and respect through their  “Love the skin you’re in” campaign

What Sparks Our Fire? Waking up everyday searching for insights that emotionally connect brands with consumers.

*The ‘Truth About America’ report from McCann