Research conducted by ExactTarget in collaboration with the Center for Media Design identified four Gen Y subgroups that each exhibit unique media habits.
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Social network usage spikes among college students when these sites, particularly Facebook, become the hub of social planning. Still, only 11% report having made a purchase influenced by social media. College students' email use also spikes during this time. This is driven by multiple life stage events ranging from the need to manage bank and credit card accounts, which deliver paperless statements via email, to interacting with professors and prospective employers, to getting coupons and offers (critical for survival on a limited budget). It is also driven by a recent surge in smartphone adoption among college students that correlates with increased email use.
These consumers still use social media (82%) and text messaging (89%); it is simply that email is added to a mix of channels that must be constantly monitored to stay on top of personal communication -- they manage a complex cross-section of communication channels where the lines between personal and professional communications begin to blur. It is no surprise then that these consumers are the more likely to have made purchases directly influenced by social media (15%).
Even so, consumers in this group are active online buyers (83%), they go online to find coupons (71%), and their use of social networking sites is increasing faster than any other subgroup. The key is building opt-in relationships and delivering coupons and promotions that help these consumers manage their households.
Interacting with Gen Y audiences requires marketers to consider the nuances of life stages. Some have suggested that as Millennials enter the workforce, their influence will change communication. Others have suggested the opposite, that these consumers will adapt to the communication channels defined by social norms for their life stage.
Our research suggests that both happen simultaneously. Moreover, that media consumption begets more media consumption. Using one channel more often correlates with using other channels more often. We must adopt truly multi-channel marketing strategies that mimic the multi-channel lives of our consumers.
I agree that social media platforms like FB aren't main factors in influencing purchase for college students. We've found that purchase is influenced by product/service sampling, direct peer-to-peer recommendations, and grassroots style promotions and events near POP venues. Also, follow up reminders and coupons are sure wins!
Jennifer
www.udoncampus.com