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MILLENNIALS IN THE WORKFORCE
Digital Jolt | www.digitaljolt.co
& WHAT IT MEANS FOR B2B MARKETING
Look closely – Millennials are changing the world (starting at 10AM, with headphones in and with really good coffee)
WHO ARE MILLENNIALS?
© Digital Jolt | 1
Seriously, the coffee is amazing
1970s 1980s 1990s 2000s 2010s
THANKS
MILLENNIALS!
© Digital Jolt | 2
Aja BrownMayor of Compton
Sam AltmanY Combinator
Pete CashmoreFounder, Mashable
Mark ZuckerbergFounder, Facebook
Rachel HoatChief Digital Officer,
NYC
Jessica AlbaActress /
Entrepreneur© Digital Jolt | 3
MILLENNIALSARE CHANGING
THE WORLD
And there’s lots of them, they’re connected, influential and in the workforce now!
© Digital Jolt | 4
$1.3 TRILLIONOf buying power
© Digital Jolt | 5
83MILLION
Millennails in the U.S. (census)
67PERCENTPlan to start their
own business
33%Of today’s workforce
50%By 2020
INFLUENCING
Nearly half of all B2B researchers are millennials (Think with Google)
B2B PURCHASING TODAY
MILLENNIALS ARE
© Digital Jolt | 6
YET - ADS84%
DON’T WORKWITH MILLENNIALS
So how do we reach andengage this important group
of influencers and decision makers?
of millennials say theydon’t trust advertising The McCarthy Group
© Digital Jolt | 7
SEARCH
• 71% of B2B researchers start their research with a generic search• B2B buyers are 57% of the way down the path to a decision before they'll actually perform an action on your site•On average, B2B researchers do 12 searches prior to engaging on a specific brand's site
IS STILL KING
© Digital Jolt | 8
MOBILE• 42% of researchers use a
mobile device during the B2B purchasing process. (91% growth since 2014)• B2B researchers are
using their mobile devices to:• compare prices• read about products• compare feature sets• make contact
• Almost half of this is from the office – yes on mobile!
© Digital Jolt | 9
VIDEO!68% of B2B buyers watch more than30 minutes of video in their research
© Digital Jolt | 10
MILLENNIALS
•53% of millennials rely on data analytics to make B2B decisions •Access to meaningful data insights is essential for today’s decision makers•Little patience with organizations that can’t immediately provide the information they seek.© Digital Jolt | 11
RELY ONDATA
ANALYTICS
REFERRALS
© Digital Jolt | 12
“93% read reviews before making a
purchase
Millennials trust their
Peers first – 89% believe friends’ comments more than company
claims
84% of B2B buyers start the process with a
referral
36% weigh the opinions of
friends and family before deciding to
buy B2B products/services
69% will post a positive comment on social media
EASE
• 35% of millenials cited “ease of doing business” as their number 1 consideration• That means
• Mobile friendly• Immediate response • Are you reachable on the right
mediums?
OF DOINGBUSINESS
Chat / SlackTxt / IM
EmailVideo
© Digital Jolt | 13
INFLUENCERS • According to Neilson – 85% of millennial buyers seek expert content when considering a purchase• Expert vs Branded content
produced 38% lift in buying intent• Are you engaging influencers?
© Digital Jolt | 14
MATTER
MILLENNIALBUYERS 3 most important characteristicsIn a company
TRUST RESPONSIVENESS PERSONAL
RELATIONSHIPS
Note that ROI and product features didn’t make the top 3 © Digital Jolt | 15
“
Congratulations!
Your purchase ison its way.
SOCIAL
B2BFOR
© Digital Jolt | 16
55%Use social media in
B2B buying decisions
71%Of millennials use social media
Daily with an average of5.4 hours per day - Ipsos
Don’t do them all. Be great at the ones that matter to your business.
Social media isn’t just Facebook and Twitter
LinkedIn Quora YouTube& Vimeo
Slideshare
Pinterest Instagram
How do we transform marketing to connect with these millennial decision makers and influencers?
© Digital Jolt | 17
SO…
• Lots of great, genuine content – remember buying starts long before they talk to you
• Search still matters, a lot!• Data matters, know your metrics• Engage key influencers by arming
them with great content, metrics and success stories
• Engage current customers for case studies, referrals and reviews
• Be trustworthy and responsive• Mobile friendly• Be active on the key social
networks for your business
© Digital Jolt | 17
IF YOU NEED
Digital Jolt is your CMO, on demandLet us help you create and execute a modern marketing strategy
that will help you engage with modern digital-first buyers
Thanks Jon Finegold
HELP!