Monday, December 10, 2012

Consumers' Memories




It is nearly the year-end with the traditional Holiday Break,
and the best time of the year to explore again our childhood’s memories.


Whether you are a Gen-Xer or a Gen-Yer,
it may be interesting taking time to reflect on what your references were as a kid
in terms of TV shows, brands, toys, films, cartoons, books, celebrities, aso,
and to compare those with your parents or friends.




source: http://dev.legoimages.com/gallery/classic.php?page=3



This is indeed an interesting process for marketers because they know that the consumers’ memories can have a pretty good influence on their buying decisions depending on what they can recall, and what they can recognize.






source: www.gamepolitics.com/2012/02/13/lucas-licensing-extends-licensing-deal-lego-ten-years#.UMXw94PoSLE



The extent to which our memories are reflected in the new products can greatly influence our buying decisions as well as our selection of seasonal gifts.



Read more: Gen-Y Memories by Jasmine Ryan on Pinterest - see http://pinterest.com/jazzyfresh10/gen-y-memories/

Sunday, December 9, 2012

Responsible Youth: Gen Y


According to this article, it seems that Gen-Yers want “to make the world a better place”, 
and this global objective is reflected in the criteria retained by Gen-Yers in their products’ selection.

It is interesting to note that products characteristics like
“sustainable”, “eco-friendly”, “following ethical practices”, or “aligned with social causes”
have more importance for them today than they did five years ago.

Brands have been able to meet these new requirements, and as a matter of consequence, the power of influence of brands has increased today. 

As quoted by the article, “brands are seen as having as much or more power than influential people or organizations”.


source: www.adweek.com/news/advertising-branding/data-points-responsible-youth-144672


However the main challenge that Gen-Yers still face lies in how to

“make the most ethically responsible purchasing decisions”.


Read more: Data Points: Responsible Youth Gen Y is exercising its political activism at the cash register, published by Lucia Moses, on October 24 2012, in ADWEEK, Advertising and Branding - see www.adweek.com/news/advertising-branding/data-points-responsible-youth-144672




Monday, December 3, 2012

Gen Y and luxury products


The present article points out that "according to a study of Accenture, in 2013, 35% of the Generation Y plans to buy more luxury products".

As a matter of fact, Gen Y is becoming the target of the luxury brands.

Brands are now observing and studying Gen Yers' ways of life, social behaviors, what they like, what they want to be, or to buy.

It is fascinating to see how marketers have built their "Seduction Model" for addressing the present/future "Needs & Wants" of that generation.

This model is also predicting the future: "Gen Y will build the luxury products in the future". 


Source: M Publicité / Groupe Le Monde


non-official translations: "Etre de désirs" means "a Person who wants to be desired", "Nu-Renaissance" means "Naked-Renaissance", "Cabinet de Curiosités" means "a shop of curiosities", "Art de l'Autofiction" means "the Art to self-perform one's own role".



Read more: LUXE: 8 LEVIERS POUR SÉDUIRE LA GÉNÉRATION Y, 
comments collected by Virginie Achouch during a meeting with Elisabeth Cialdella, marketing director of MPublicité and Eric Briones, strategic planning director of Publicis & Nous, published on November 16 2012, see www.docnews.fr/actualites/media,luxe-8-leviers-pour-seduire-generation,31,15041.html

MobileFilmFestival


As the most technologically savvy generation, Gen Y are experts for creating new ways to 

utilize their smartphones, tabletts, aso.

***

Trend-setters have discovered these skills a long time ago, and have tried to promote them 

-including advertiser's skills- over social media

through "simple -at least in- appearance" challenges.

***

One of them, the "MobileFilmFestival" in Paris is organizing its 8th contest for short-films 

made with a mobile - specification : "1 Mobile, 1 Minute, 1 Film".





@Gen Y: are you ready to express your talents? if yeahh...then check the website, and the participation requirements.


Read more: www.docnews.fr/actualites/media,mobile-film-festival,31,15266.html

Sunday, December 2, 2012

The Merging of Digital and Physical Space

With the help of augmented reality and mobile devices in general, we're being introduced to an age where the internet is being integrated into our physical space.  As David Prescovitz states in the video, "Now cyber space is an overlay on top of our existing reality."  With wifi on the go, no longer does a person need to be cumbered by logging into their desktop to access the internet.  With that and augmented reality, access to the web has almost become an extension of the human senses.  Thanks to this, media is able to reach people in public spaces where it wasn't able to before.
Augmented Reality

With all the advances of these devices, internet consumer habits have also carried over through their cyber space.  If people thought that social media was considered their "personal space," the same would be more so true with their mobile device.    A marketer would be hard pressed to try to advertise to a consumer using the blunt approach.  Imagine being spammed by ads that know where you are, or know exactly what you are doing.  Yes, it is exactly as creepy and annoying as it sounds.  These ads are within their own devices within their own personal space.  They can be avoided by them at any time.  Instead, marketers need to learn to learn how to creatively find a mutual benefit between their consumers.  Just keep in mind that augmented reality is meant to be  an extension of a user's senses, not a hindrance.
  • How do we make our brand become a part of the consumer?
  • How can we lead  the consumer to our brand through his every day activities?
  • What does this particular consumer respond to?
  • How can we convenience the customer even more through augmented reality?
  • Are we overstaying our welcome?
Some of the questions a marketer might ask with augmented  reality in mind.



Watch the interview with David Prescovitz: http://www.imediaconnection.com/content/27671.asp

Sunday, November 25, 2012

Engaging with the new generations / an example applicable to marketing


Australia is experiencing a rapid ageing of the population, and this evolution impacts directly the qualities that a good coach must have to manage effectively the relationships in a team of younger players.


Moreover, the swift change of the players’ expectations requires today that coaches receive more often update trainings and education.


As a matter of fact, coaches must be able to understand and address the generational gaps in sports, to get the best of teams of Baby Boomers or Generations X, Y and Z.




As reported by the article “…An effective understanding of the different values and perspectives of our younger generations will better facilitate communication between coaches and their players as well as decrease the capacity for conflict. In order to achieve this, we must first acknowledge the issues that the emerging generation has brought to the fore.”

The coach's role in multigenerations' sport teams can be very useful  from a marketing perspective.

We encourage that you, marketers or advertisers read this article to learn more about who is, and what wants Gen Y. However this should not be limited to understand Gen Y only: each generation should do her best to understand the needs and wants of every other generation of consumers.

With this mindset, the learning it provides could find a rich application in the marketing sphere!


Read more:

Engaging with the new generations, published by Mark McCrindle, BSC (Psychology), MA, QPMR, Social Researcher,
Issue: Volume 30 Number 1,
see -  www.ausport.gov.au/sportscoachmag/role/understanding_and_engaging_with_the_new_generations

Image - www.facebook.com/pages/Generation-Y-Sports/135216339860043

Saturday, November 24, 2012

The Future of Advertising

I truly am fortunate to be a marketing major at this time of my life.  With the internet and social networking already having such a huge impact on brand-consumer relationships when it is still restively new, we are currently living in the first stepping stone for what will be the future of marketing.

With traditional media advertising, the central goal was straight forward.  That would be find a target, find an outlet to target these people, and relay a message that is memorable.  It was limited in that a message was constricted to limited ad space and commercial times.  Even if you had that ad space and time which was required to get off every singe detail on the message, people's attention span is not that long.  Traditional media is also limited in that the message only goes one way.  Now, information can travel both ways where a company can produce a message, and viewers can upload response messages as well.  Never was there ever so much interactivity between consumer and company EVAR!

The reason why I'm excited is not because it's something new and companies would be looking for younger marketers and companies will probably be looking for marketers of my age group to compete with this new, but competitive market.  Not entirely at least.  What I am most excited about is the new found interaction with all of  these different platforms.

With traditional media, sought out content and advertising were two clear and distinctive things.  In television, one part were called programs, while the others were called commercials.  Now with more interactions between brand and consumer, they do not have to be like this.

 I'm not just talking about just having an internet/social media version of a product or service just to have one.  The real creativity from this kind of marketing is to seamlessly integrate the connectivity between the brand, social media and hardware devices     
dont mind the crude Photoshop skillz

What we start to see from companies is creating  a relationship with it's consumers like never before.  A good example of this what live television programs do with twitter.  Now viewers can participate in the show itself #straightfromtheirhome.  Not only does this create buzz from the those people's follow list, but also creates a relationship with each viewer which gets them more interested in the product.  If you really think about it, the possibilities are endless on what you can mix and match social medias with brand message, and interactivity with consumers.


With evolution of selective media, the term "marketing" will be redefined.  I am very excited


read more about the limitations of mobile marketing at: http://www.imediaconnection.com/content/33098.asp and http://www.imediaconnection.com/content/30997.asp



Friday, November 23, 2012

Why Gen Y won’t buy what you’re selling



In previous posts, we discussed the difficulty that Gen Y might have to reach a decision to buy. We pointed out also the inefficiency of several marketing campaigns that did not meet properly these generation’s needs.

The present article suggests that we first try to understand  ‘what’  Gen Yers’ expectations are on social media.

Mostly, the article makes amazing statements: Gen Yers “trust their peers first and their parents second”, “hate to be sold anything”, “actively research prices and read reviews before making a purchase”, “expect exceptional service”, “seek to do business with ethical, environmental companies”, and “value customization”.

As a matter of fact, this set of information may be quite useful to cautious marketers, 

however this is not enough!




As a matter of fact, the article goes far above, and proposes specific actions likely to be perceived positively by Gen Y:

-         enhance simple messages emphasizing the important contributions brought by Gen Y in purchasing your brands;

-          share with them something that they like, and they may give it back to you by spreading a valuable word-of-mouth of your products and services, and

-          help them create visions through your products and services; it is important that they feel being part of something bigger than themselves; in this respect, environmental considerations, life quality or visions of better life are topics Gen Y usually likes.


Hopefully this will help Gen Y making buying decisions more easily.



Read more: Why Gen Y won’t buy what you’re selling, BY SARAH SLADEK, XYZ UNIVERSITY, October 9, 2012 - see http://xyzuniversity.com/2012/10/why-gen-y-wont-buy-what-youre-selling/

Free Fall to viewership



on October 2012, Red Bull launched their, “Longest Free-fall” ad campaign.    For those who haven’t seen it, it is a Red Bull sponsored video where a free faller “balloons his way up to the stratosphere and jumps down in an astronaut suite breaking the world record for longest free fall.  For those who have not seen it, link at the bottom.  Why would the brand, Red Bull, sponsor such an expensive, and out of the ordinary campaign?    
no bad red bull....

As seen on the displayed table, the Red Bull brand became the undisputed, most viewed brand within the month of October where as last month, it did not even place.  About 3x more views than it’s runner up, and about 7.5x more viewership than Barack Obama one month before the 2012 presidential elections, it’s interest is in no doubt from its shocking free fall campaign.  How did something like that work?
                    The article, “Why Red Bull's space jump was worth the risk” on iMediaConnection.com talks about how the company “Red Bull,” marketing plan does not necessarily focus on setting up their own ad space unlike traditional media which pay for the amount of traffic they receive.  The article talks about how Red Bull uses its funds in order to own an “idea.”  “By owning any idea, brands become a source for audiences.”   This idea is amplified with the use of targeted media such as Social Networks.  Searches related to this idea will be, more or less, connected to your brand.  A viewer does not have to know about a brand in order for its content to be displayed in their search windows, or being viewed.   If a person were to keep browsing content for this specific idea, they are to eventually land on the brand itself.  With the interst generated from the videos itself, viewers are also more willing to share these videos with other consumers (viral marketing.)  In a sense, the buzz generated through owning an idea markets itself.  



links- 
Articel source:
http://www.imediaconnection.com/content/33152.asp?imcid=nav
Red Bull viral video:
http://www.youtube.com/watch?v=FHtvDA0W34I

Friday, November 16, 2012

B to Y: understand your key customers!



Companies are making a lot of efforts to understand who their key and happy customers are today.


However the “plus” is when they also anticipate the future consumption trends, 
and VISA seems to be one of these visionary companies.


As mentioned in the article, “Gen Ys are everywhere” and “…as they advance in their careers and lives, so will their importance to all brands, in all verticals.”





The article further points out the importance of Gen Y psychographics:


“By 2030, their numbers will exceed all other consumer groups combined.”



This makes of Gen Y - a first-choice consumers’ category - today and tomorrow.


Why? because companies know that first movers, who can better decrypt that category, will have the best chances to get a competitive advantage in the long-run.

However the challenge remains high!

This generation is different from their parents or grand-parents more especially in their motivations and decisions to BUY.



As matter of fact, a company may need assistance of social media “Y-nsiders” to properly understand that complexity.

As mentioned in the article, the overall question is about

“…turning wants into needs by educating Gen Y buyers on the necessity of such purchases…”,

“… convincing them of your offering’s specific and unique attributes…”, and

“…making it relevant to their lives…”


Gen Ys, are you ready to BUY?


Read more: Y it’s different: Understanding gen Y Consumers, Ways Brands Can reach them, and how Visa Can help, by Jonathan Salem Baskin – see http://usa.visa.com/download/merchants/marketing-to-gen-y-how-visa-can-help.pdf

Sunday, November 11, 2012

Ever so Changing market



AIM lol remember this?


When being an internet marketer, it's not good enough to be comfortable with what is currently available to us. I feel that social networking, and the internet in general is far from its peak.  More people would be even more reliant on these services as the internet evolves.  As the article, "3 Ways to Stop Wasting Time on Social Media" stated, "Since social media managers now have to do more with either the same or fewer resources, they have to create efficiencies in their current processes."   In the globally competitive internet industry, if we marketers or social media managers don’t follow these trends, we won’t be able to keep up with the upcoming consumer demands.   

all i see on twitter
My point is that when a person is typically on the internet, they can experience the changes or the internet at their own pace.  When you’re a marketer, you don’t get that luxury.  You need to be as versatile as the internet.  Up to date on the current media outlets and opportunities the internet provides for you.  For the longest time, I always held off on joining Twitter.  It’s not because I didn’t know what it was, but it was more of the fact that Twitter isn’t the way I wanted to present myself.  It came of as an attention seeking outlet so I never bothered.  If you want a better idea of how i felt, click the link below.  Sure that was ignorant and bias of me to assume but the point is that I left out a potential market as a marketing major because of my own personal feeling towards a matter.  While I sat there disinterested in the service, it has become such a large phenomenon that companies find it hard not to utilize.  Sure, I still feel like the majority of Twitter is people spouting whatever’s in their brain #noOneCares but part of the job is to be open to whatever.  It’s an occupational hazard.  

links:
quote source
http://www.imediaconnection.com/content/33029.asp
real life twitter: College Humor
http://www.collegehumor.com/video/4005047/real-life-twitter

Thursday, October 25, 2012

5 Tips For Engaging Gen Y In Interest-Based Social Communities



Attracting the attention of Gen Y on social media might seem easy considering the time they spend on a daily basis on such interactions.


However, creating and maintaining strong links between Gen Y and an on interest-based social community is much more challenging, and perhaps, even more for brands.

Why? Because Gen Y is leading the trends on social media today, and without observing basic rules, brands will not be able to bring Gen Y’s interests on their products.


Dan Gill is addressing in the present article what brands should do, or better not do, in order that they can engage Gen Y in passionate discussions in online social communities about their favorite products.





The author specifically emphasizes the following recommendations to brands’ ambassadors:


1. Watch for relevant conversations.

2. Be real and watch the rhythm of the conversation before you jump in.

3. Act as a resource and educate people about your products.

4. Don’t be overbearing, don’t excessively post the same information across multiple forums, and save promotions for any ‘Sponsor Forums’ in the community.

5. Stay positive and honest.


Although these are initial recommendations that are worthwhile being followed, more generally, the quality of the dialog with Gen Y will mostly depend whether or not these trendsetters are included in the core strategy of the brands.




Read more:  5 Tips For Engaging Gen Y In Interest-Based Social Communities published by Dan Gill, September 21, 2012, 10:40 AM, MediaPost - see www.mediapost.com/publications/article/183081/5-tips-for-engaging-gen-y-in-interest-based-social.html

Wednesday, October 24, 2012

Y MARKET GEN Y


Y MARKET GEN Y

Good evening internet we are YmarketGENy!





We consist of a group of marketing students attending Sacred Heart University.  The main challenge we noticed not properly addressed within internet marketing decisions is inefficiency within E-campaigns. This is due to simply applying old fashion business methods to this new social medium.  Being that we are bright scholars of the subject and we are also part of the generation creating this trend we would like to present these views through the eyes of this demographic and the eyes of marketers as well.  Looking forward to our posts these next coming months!

-YmarketGENy 

Friday, October 19, 2012

Utilizing Social Media for Dummies



So your an upcoming marketing hotshot looking to use this crazy new social media thing as a way to advertise something ehh?  Lets say for example we're building a start company that is to target college students within CT. With the limited funds we have, we feel that social media would be the best way to reach them. Ad banners would be most immediate approach as is one of the most recognized forms of advertising on the internet. However, we feel that social media is more of a private space rather than a public one; people visit these social media website for the content they are searching for and feel that encumbered when the content is forced upon them. We feel the most effective way of marketing through social media is to seamlessly integrate our marketing goal within the contents.

Obtaining information:

The first step in creating an ad campaign is to understand the target audience.  Traditionally a common tactic that can be used through the use of surveys/focus groups.  These methods are still being used within the internet space.  We feel that this is inefficient in most situations because of the fact that these online surveys detach the viewers from their current experience.  Even if we were to force the survey onto them in order to access free content, it would either be treated as a chore which may result in careless answering, or the consumer may move to a different service in order to access the same content.   The key would be to get the information without taking away from their experience.
·         Using Facebook pages or Twitter, one can see what the public image and see similarities within their demographic
·         Using automated settings, twitter accounts can follow an individual and receive his/her tweets to find out exactly what consumers have in their minds.  With hash tags, we can see how general individuals feel about a specific product/service.
·         Direct feedback

Exposure:

                Once we understand the target audience, the next step we would have to take is to get the brand’s name out there.  Traditionally, marketers could get away with placing ads in plain sight of the consumer and get away with it due to the fact those ads are almost inescapable.  These ads are also limited to the limited space they are allotted, commercial time and billboard space.  Because of this, there is isn’t that much information that can be added to it.  Though banner ads and required ad videos can be effective in building brand awareness, it can be costly to create paying for all for all of that space to justify repetitive exposure through repetition.  We feel the best way to create interest is to disguise our ads as a form of entertainment.    
·         Create a viral ad YouTube channel, pay for front page exposure and make viewers want to see these ads.  (AXE: Susan Glenn campaign, Old Spice: Isaiah Mustaf smell like a man campaign)
·         Creating a company facebook/twitter web page that will create exposure for our brand and attract individuals who may be interested targeting a specific market and generating content which is spreadable
·         Product placement within certain channels

                Creating a Community:

                Unlike more traditional forms of advertising, social media is seen more as a person’s private space.  If done correctly, an ad campaign can bring a sense of belonging and one ness to a consumer.  By doing so, marketers will be able to form a sense of community within their product or service.  Here, marketers can host product based events, post pictures, videos and promote user content sharing.  However, this will only work if the content isn’t forced upon the consumer.  It would need to be something that the consumer would want to do.  
·         YouTube web page where people view product interactions and usage. 
·         Promote successful channels which use product
·         Intigram/Facebook pages to share pictures and experiences with potential consumers
·         Twitter/Facebook pages can bring a sense of unity through likes and create a company personality

The bottom line is that the main mistakes companies make when tackling Social Networking is that it can’t be approached the same way as traditional media.  We need to treat social networking sites as personal space rather than a public area.  In that regard, marketers will have to think in the mentality of entertainers, or guerilla marketers in order to seamlessly transition between the consumer’s content and marketing message.