Showing posts with label generations. Show all posts
Showing posts with label generations. Show all posts

Wednesday, October 20, 2010

Summary on Millennials

In our series in Millennials (or Generation Y) we have to realize the impact this generation will have over the next 10-20 years as they all hit the 25-54 demo.  This generation is larger than the Boomers and look at the impact that generation had from the late 60s through the mid-90s.  The Boomers were a lot bigger than the 'silent generation' or the World War II babies so their impact was magnified.  But, the Millennials are still a bigger group and they also have a revolutionary quality like the Boomers.


Boomers saw mass communication and world travel become common place.   Television, Radio, Telephones, Interstate roadways and jet travel made the whole world accessible.  Boomers also went to college more and had higher levels of education.

When you look at the Millennials they have a huge revolution in communication that dwarfs the old analog media.  They can  travel the world on their laptops, communicate with anyone they want in a variety of ways from email to text to voice to video to chats to social media.  The combination of their population size and the huge leap in communication technology is already pushing us into a revolution moving at the speed of Moore's Law (the speed of computer processing doubles every 2 years). They are also well educated with high levels of post High School activity.

Radio can't keep brushing this generation aside.  If you worked on FM radio in the late 70s and early 80s you probably got a preview of the times we are in now.   In the mid 70s the peak of the Boomer generation was in their early 20s and just starting to fill up the 25-34 demo.  Most marketers considered this generation long hair youth at the time and really not much of a market outside of fashion, music, beer, electronic equip and maybe cheap cars.

Through the 80s the Boomers completely overtook the 25-54 demo and turned marketing upside down.  I can remember being at a rock station and watching agency after agency turn us down even though we were starting to climb up the top 3 in 25-54 adults.  We knew it was only a matter of time till they would have to look at our audience - no matter how different they may have been.

Right now the oldest Mellinnials are turning 30 - in 5 years they will enter the 35-44 demo and completely take over 18 to 34s.  And they will be the biggest generation we've seen yet in the U.S.  The challenge we face is getting them to dial into our media and brands.  We all can see the vehicles, but getting them started seems to elude us.  It can't anymore.

Thursday, October 14, 2010

Tips For Reaching Millennials

Since we are on a roll with celebrating the news that the Millennial Generation or Gen Y will pass the Boomers in  population figures when the Census is published in the U.S. in a few months I ran across an article by Thomas Pardee in Ad Age.   Mr. Pardee is one of Ad Age's regular writers and you can read his analysis of the generation here. 

The real key to the article is his wrap up


5 tips for marketing to millennials

Be fast
For millennials, there's nothing worth saying that can't be said in 140 characters or less. It's not that they can't handle long-form pitches, they just know you can do better. So do better.
Be clever
As Nick Shore, head of research for MTV, said, "Smart and funny is the new rock 'n' roll." Millennials are set to be the most-educated generation on record, with the largest social-media platform (Facebook) having been famously born on a college campus. "With their roots in college culture, it's no wonder eloquence and timing are more prized than ever for this generation. Err on the side of overestimating the millennial -- as the Old Spice campaign shows -- and sometimes they'll surprise you.
Be transparent
Millennials may be arrogant and entitled, but they're not stupid, and they know media exists to sell them things. So rather than pretending your branded beverage isn't conspicuously placed in a TV character's hand to entice them, look for new ways to make it funny. It will ring true with them, and they'll appreciate the honesty. (Need a cue? Look no further than the deliciously self-referential "30 Rock.")
Don't "technologize" everything
By their own definition, millennials are in part defined by their use of and reliance on technology. But marketers should resist the urge to attempt to "speak their language" -- Gen Yers can smell those ploys a mile away. Remember, millennials are digital natives -- they don't use technology; they live it, and they do so subconsciously.
Give them a reason to talk about you
Millennials don't like ads, but they don't mind marketing that's non-invasive, non-interruptive and that adds something to their experience, either online or off. Whether it's a fun and timely iPhone app, a targeted high-profile event or a personalized viral-video campaign, if you want your message to resonate with millennials, give them something to talk about. And if we know the first thing about millennials, talk they will.

Monday, October 11, 2010

Gen Y/Millennials - A Few Key Facts

 The last few blogs (below) have noted the size of the Gen Y/Millennials, which are now a bigger generation than the Boomers, and Radio Programmings struggle to reach this emerging force.   If we want to reach them we probably need to learn a lot more about them.  While there are plenty of articles in Ad Age and other sites on their consumer behavior one of the more in depth pieces on them came from the Pew Research Center in February 2010. Read the Pew Study here.

The Pew Study covers a lot of interesting traits for this generation in comparison to Gen X, Boomers, and the Silent Generation but a lot of the facts track their religious, political and family values sides.  While they are important traits they probably don't help us programmers get a handle on their entertainment desires.   

I pulled a few of charts that bring out some broad areas we may learn from: 
  • They are more diverse:  

  • They are less likely to be Married than the other generations in the 20s:

  • What do THEY think makes them unique?:
This is a very interesting comparison.  While we would expect that they would have Technology Use at the top and in greater numbers than Gen X the #2 unique trait is Music Pop Culture.  None of the other generations cite this trait.  Radio could play a HUGE role if we chose to dive in with them.   

  • And Just For FUN - How many of them have Tattoos:





There is a lot more to learn from the study.  For the most part they are more liberal and actually more family oriented in their values than their marriage stats would indicate - guess they are just being fussy with partners and that's probably due many of them coming from split households.

They are an interesting group that is clearly plugged into the new media and technology as a full fabric of their lives.  Their ability to communicate is very strong in their technology usage.  Communication is key to nearly all generations.   For the Boomers the 4 big communication factors were - Television, Telephones becoming commonplace in the 50s, the advent of world air travel, and radio providing a fairly common music backdrop.

Obviously radio will need to weave itself into their tech world and the new tools of communication.  But, we also have to learn who are are communicating with.    We have a ways to go here.

Monday, September 27, 2010

The New Reality of The Demos

You've probably either seen the Census crew or filled out a form by now here in the U.S. as we review our House Districts and population characteristics.  This count will bring out some realities in marketing and demographics that will likely change a lot of the strategies many products have been using for the last 30 years.

While the final results won't be out for another 6 months or so we can see what the likely picture will be from the 2009 estimates.  
Look at the 3 circled groups that roughly represent the Older Boomers born before 1964 with 63.6 million, Generation X  born from 65 to 79 with 61.4 million in the middle and the new Millennial Generation born between 1980 and 1994 at 64.8 million on the younger side.


The real key here is that now we have hit a time when the new Millennial's actually outnumber the Baby Boomers.   Much of the entire product strategy and marketing targets for most products has been built around  the Boomers since they first came of age in the 60s.   That's why we still place so much importance on the 25-54 demos even though you can see that now that audience is mostly built from the Generation X group with the lowest population numbers of the 3 groups.


We can already see the shift in many products in what they are selling and how they are using media to market their wares.  Obviously the younger Millennial's are much more adapted to all the new media options.  They also have vastly different desires and needs when it comes to products.  Look at the car industry, which seems more interested in the compact and even sub-compact models like the Ford Fiesta or the Kia Soul than keeping the Mercury brand name alive.


The problem we face in radio - we've been obsessed with 25-54 for the last 20+ years and haven't worked a lot on the younger demos.  Now that the Millennial's are centered in their 20s they are a huge marketing target and with the revelation in the upcoming Census news that now they outnumber the old champion demo of the Boomers radio has a lot of catching up to do.

Wednesday, April 22, 2009

The State Of Classic Rock


Classic Rock started around 25 years ago as one of the first sub folders of the origional AOR/Rock formats of the 70s.  When you go back to the 80s most rock outlets had pretty much the same approach of 40% currents and 60% older songs dating back to the late 60s.  

As Classic Rock began to spread many AOR/Rock outlets became pretty defensive on the library side of their music mix.  It was a period when AOR was moving from it's dominance of 18-24s to having enough 25-40 year old listeners to start winning the all important 25-54 demo.   Of course a format that targeted just the 25-40s at the time was not just a threat to the 12 plus braging rights - this was danger to the bottom line in the sales department.  Many a GM and Owner issued the command to either join the format now or be prepared to win when it comes.  

By the time we hit the 90s rock radio had undergone a complete transition.  Now there were 4 emerging formats (Alternative, Active Rock, Classic Rock and the AOR/Rock as well as a few scattered Adult Alternatives).  In many ways the Classic Rock format was the golden one with strong 25-54 shares and the easiest for the sales deparment to work with for clients.   

But, where does it stand now?  When you look at the music mix most Classic Rock stations focus on rock titles from 1967 to 1988.  The average year is 1978 to maybe 1980 - 30 years ago.  If you were in High School in 1979 you are now 45 to 48 years old in the last phase of the 25-54 demo.  This group made up 2/3rds or more of the 25-54 demo in the 90s and now it's around a 1/3rd.   

A decade ago we saw the same situation with the Oldies stations.  While many had consistent strong 12+ ranks they had fallen too far down in 25-54s as their audience aged.  The format moved from being mostly a 50s and 60s world to a whole new era balance.   

The make over for Oldies in most cases forced a whole new position and often a name change.  The word 'oldies' meant Elvis to the late 60s to the audience and had to completely evolve.  Still the former oldies stations are still challenged in 25-54 and their audience is still aging out of the key demo.   They have put a finger in the dike, but the dam is still cracking. 

Classic Rock faces the same challenges.   For most of the audience the format IS the 70s and 80s.  When you try to move beyond Guns and Roses in the late 80s it's tough to convince the P1 audience that this is also Classic Rock.  

While there are still good 25-40 shares for many Classic Rockers and we even see good 18-24s once in a while when you get a few in the sample that like to play in mom and dad's record collection the days are numbered.   As you break out 25-34s and 35-44s you can see the down trends although they are often offset by the strength of 45-54s.  

How will Classic Rock evolve it's music mix to maintain it's 25-54 strength?  It's a big question and D-Day is fast approaching.    

Sunday, December 28, 2008

The 00 Decade












Happy New Year!!!  We're into 2009 this week and the last year of the first decade of the new century.  We've been defining the decades for a long time.  It probably started with the Roaring 20s and picked up steam in the 60s and 70s.  The revolution of the 60s and the wild days of the 70s, the conservative and yuppieness of the 80s and the digital 90s decade all had 'themes' that defined the trends in our culture.    

These themes all have had a lot of influence on our music and entertainment choices as well as evolving new media.   The 60s brought on the maturity of network TV, pop music super stars with music as a revolution messenger, and the top 40 format,  the 70s saw the beginning of Cable TV, the evolution of FM radio and a continued growth of the music industry into the Super Groups.   The 80s conservatism re-established Pop music trends, saw cable TV evolve to a new norm, and FM radio grew to the dominate music platform.  The 90s brought in the digital revolution which evolved over the decade finishing with a wealth of new WWW based media on a platform that was a government project at the start of the decade.   

The 00's or Ought decade or maybe the twenty-ohs is nearing an end and Jonah Goldberg from the National Review Online (and CNN) makes some interesting observations in this article.  

Goldberg's observation's on the 00 decade being one of self centered-ness maybe best illustrated on the factoid from the 90s that bottled water consumption passed beer in the decade.  Goldberg notes - Beer gets the party started.  Water is the thirst quencher of choice for the solitary fitness addict,.   Beer the outgoing social drink - passed by bottled water and it's inner driven world. 

He also notes that the Ipod follows a similar trend - the personalization of music and entertainment generally.   An inner driven world where music is personalized - not shared or experienced in a community like a live performance or a radio station where we all hear it at the same time.   He goes on to point out the IPod culture, is a mix of self-promotion and atomization: broadcast yourself, indeed.   

Yet at the end of this decade perhaps we are seeing a big clue that the tide is turning away from this me driven, self absorbed, over personalized and customized world of the 00s.   

A key clearly stood out in the election - Change was the KEY mantra and turning out in big crowds and joining in a huge community voter turnout were the clear signs.   From a world revolving around the solitary keyboard and monitor to communities filled with real people and personalities.  A movement from individualistic concerns to UNITY.   A movement away from 'greed is good' to a far more social and sharing society?   The signs are starting to show up on a very regular basis.   

This could be a great movement for radio to re-invent itself upon.   Don't you think???? 

Hope you had a great holiday and are ready for the evolution that starts in 2009.