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JANUARY 2012

Youth cannot know how age thinks and


feels. But old men are guilty if they
forget what it was to be young.
- J. K. Rowling

The Millennials Are The First Generation To Come


Of Age In The 21st Century

Also called

CHILDREN OF THE BOOMERS


Confident, self-expressive, liberal,
upbeat and open to change

1981-1995
ages 15-29

Generation Next

born between

Digital
Natives

We Researched Millennials in 32 Markets

UK

DENMARK
GERMANY

IRELAND

CANADA

POLAND
CZECH
REPUBLIC

FRANCE
USA

PORTUGAL

RUSSIA

ITALY
SPAIN

GREECE

TURKEY
CHINA

SAUDI ARABIA

MEXICO

HONG KONG

PUERTO RICO

PHILIPPINES
INDIA

CENTRAL AMERICA

THAILAND

COLUMBIA

SINGAPORE
ECUADOR

BRAZIL
AUSTRALIA

CHILIE
ARGENTINA

NEW ZEALAND

Methodology

We conducted quantitative and qualitative research :


Online Surveys in 32 markets
Sample of 300+ Millennials in each market
Sample of 100 Generation X in selected markets

Online blogs in 22 markets


Between 6 10 Millennials ages 15-29
Online discussions over 3 days in which a moderator posed questions to participants
who interacted with both the moderator and each other

Conducted in Summer 2011

5
Source: OMGs Proprietary Millennials Study, 2011

We Aimed Our Research At Focusing On Their


Shopping Behavior

Evaluate Millennials attitudes and behaviors about shopping


both online and in-store
Understand how Millennials use media before, during and after
the shopping process
Provide a global overview, supported by indepth local findings in
the 32 markets

Key Findings
The Millennials are the first truly global youth cohort with more shared interests,
behaviors and aspirations than any previous generation
Whilst they are digital natives, they are still honing their shopping skills and look for the
reassurance of in-store experiences and customer service more than Gen X need to
This is a generation hit hard by the recession in all but the fast developing markets. It
has forced them to live at home longer and stay in education for as long as they can
Despite the economic downturn, shopping is a universally enjoyed social activity
They rely heavily on recommendations, reviews and ratings to guide them through the
shopping process
We found little evidence of short-attention spans during the research phase, conversely
they exhibit considerable caution in their purchasing behavior
They expect brands to behave ethically and be bold and clear about what they stand for
Whilst Gen X can be captioned by MTV, Millennials are clearly defined across the world
as the generation shaped by social media
Where Gen X looked to smaller set of markets for inspiration, Millennials are much more
aware of a wider world around them, cultural influence is as likely to come from India
than the USA

The First Global Youth Generation

Great Social And Technological Revolutions Have


Shaped Their Lives
MID/LATE 1980S

EARLY/MID 1990S

LATE 1990S/EARLY 2000S

MID/LATE 2000S

CHILDHOOD

ADULTHOOD

dot-com
bubble

9
Source: OMG Proprietary Millennials Study, 2011

Mobile
internet
Boom

Rebels With A Cause

10

As With Previous Youth Generations, They Come


Ready Labelled
Impulsive

Privileged

Entitled

Lazy
Short attention spans

Sheltered
Self-centered
11
Source: Quick Straw Poll Amongst Older People!

Across The World The Economic Downturn Forces


Them To Live At Home For Longer Than Previous
Generations
2%
9%
6%
18%
19%

2%
23%
12%
17%

1%
16%
3%
23%
16%

1%
21%
7%
19%
13%

3%
18%
18%

3%
9%
9%
12%

5%
7%

18%

48%

49%

15%
46%

19%

12%

26%

47%

54%

72%

Greece

Ireland

Italy

Poland

Portugal

Russia

3%
4%
3%
15%

2%
13%
6%

7%
7%
3%
8%

5%
8%
4%
11%

5%
8%
3%
9%

3%
7%
4%
8%

18%

6%
8%
3%
14%

13%

2%
11%
8%
12%

21%

16%

3%
10%
4%
7%
14%

26%

17%

43%

51%

Puerto
Rico

USA

18%

20%
61%
41%

Brazil

Canada

54%

55%

Central
America

Chile

61%

63%

Columbia Ecuador

60%

Mexico

12%

16%

16%

49%

50%

49%

Spain

Turkey

UK

1%
10%
8%

14%

64%

Germany

13%

1%
8%
10%

20%

2%
11%
8%
12%

4%
5%
3%
9%

43%

France

17%

Argentina

3%
6%
3%
18%

39%

Czech Denmark
Republic

48%

18%

1%
11%
5%
17%

3%
6%
7%

42%

31%

4%
13%
4%
14%

1%
5%
6%
8%
9%

Saudia
Arabia

KEY

17%

LIVING WITH
PARENTS

SPOUSE AND
CHILDREN

SPOUSE

FLATMATES
0%
11%
14%

1%
4%
1%
7%
3%

13%

0%
7%
7%
6%
9%

4%
5%
20%

1%
6%
1%
7%

1%
3%
2%
6%
7%

2%
11%
12%
2%
3%

15%

11%

1%
10%
15%
3%
4%

ALONE

13%
85%

84%

71%

51%

80%

70%

66%

43%

OTHER
China

Hong
Kong

India

New
Zealand

Source: OMG Proprietary Millennials Study, 2011

Philippines

Singapore Taiwan

12

Thailand

Millennials In Asia Are More Likely To Stay In


Education Longer
6%
0%
18%
8%
13%

13%
1%
6%
6%
11%

8%
13%
13%

9%

UK

6%
0%
15%
5%
26%

26%

9%
11%

32%

23%

16%

Germany

France

8%

9%
1%
15%

16%

8%

8%

15%

22%

Italy

5%
15%
4%
15%

Argentina

0%
1%
2%

65%

19%

Brazil

2%
0%
2%
0%
4%
45%

46%

China Hong Kong

35%

28%

Spain

Portugal

14%
10%
8%

Canada

Central
America

Chile

3%
0%
6%
4%
12%

0%
4%
0%
9%

44%

10%

4%
16%

16%

Ireland

13%
12%
3%
16%

36%

24%

19%

Columbia Ecuador

1%
0%
3%
2%
5%

1%
0%
4%
3%
3%
32%

8%
0%
11%
6%
11%
37%

10%
0%
10%
8%

6%
8%
6%
13%

15%
31%

40%

11%
1%

KEY

24%

10%
8%
18%

STUDENT

27%
27%

Greece

12%

17%

Denmark

Russia

6%
10%
5%

25%

24%

8%

6%

21%

Mexico

26%

25%

27%

29%

Poland

Czech
Republic

Turkey

Saudia
Arabia

FULL TIME
(35+) HOURS)

3%
18%
13%
20%

35%

PART TIME
(>35 HOURS)

30%

11%

16%

Puerto
Rico

USA
UNEMPLOYEED
(SEEKING)

7%
0%
4%
2%
4%
31%

UNEMPLOYED
(NOT SEEKING)
44%

56%

52%

21%

India New Zealand


PhilippinesSingapore Taiwan

13
Source: OMG Proprietary Millennials Study, 2011

17%

46%

26%

18%

6%
0%
9%
6%

24%

65%

42%

13%
3%
12%
9%

30%

44%

43%

7%
0%
20%

19%

28%
18%

1%
4%
1%
6%

9%
10%
5%
15%

37%

14%

9%
1%
21%

26%

22%

8%

33%

32%

16%

21%
47%

32%

8%
1%
13%
4%
11%

29%

41%

38%
23%

13%
0%
11%
9%

27%

42%
41%

14%

7%
15%

Thailand

PREFER NOT TO
ANSWER

We Found A Generation Striving Against


Economic Uncertainty

Unfortunately, it has been


difficult to find employment in
my field, but I refused to give
up my dream, and I ended
with my own business. It has
been a struggle each month.

I lost my job when I


got pregnant, and
with my husbands
salary we cant
save anything. We
survive with strict
budgeting.
Milena , Spain

Sergio, Portugal

14
Source: OMG Proprietary Millennials Study, 2011

Our main
dream is to
start a family.
We cant
think about
this yet with
the economic
recession.
Cristina,
Spain

On the surface, my
life is free of
troubles or worries,
but even with a
good CV I find
myself without a
job
Ireland, Padraig

However They Display Real Self-Belief That They Will


Succeed

The only way I can reach any


of my goals is if I study hard,
network, be responsible and
very patient. The only thing
that can keep me from
reaching my goal is myself
Luana 25-29, Brazil

I work half days to


pay my studies, I
study part-time so I
can find real work
(Simone), Italy

15
Source: OMG Proprietary Millennials Study, 2011

Over the
summer I'm
working pretty
much full time
with my two
jobs I hold at
the sports
centre
Josh, UK

My main goals
consist of obtaining
a masters degree
before being
admitted into a PhD
program.
Kalyna, 15-17.
Canada

Its Not All About The Money, Money, Money

Having the latest


products/services

TOP CRITERIA
FOR DEFINING
SUCCESS

Owning a large home


Achieving fame
Earning a high degree
academically

Meeting the goals I


have set for myself
Having a work/life
balance

Feeling as though I
have contributed to my
community

Making a good
salary

Having
influence/power

Achieving inner
peace

Being debt free

Being respected by
my peers

BOTTOM CRITERIA
FOR DEFINING
SUCCESS

The accomplishments
of my family
Gaining the most out
of my life

Source: OMG Proprietary Millennials Study, 2011

16

Family, good
education, having
a successful career
and friends you can
count on are things
I value most in life
Michael, Germany

Millennials Are More Interested In Philanthropic


Celebrity Culture

I admire all those who


do good for others
regardless of color,
race, ethnicity or
social class
Jessica, Brazil

One famous person I do


very much admire is Lady
Gaga, because of the work
she does for promoting
equal rights for gays.
Aoife, Ireland

17
Source: OMG Proprietary Millennials Study, 2011

People who are


really making a
difference in the
world and who are
so selfless that
they put others
before themselves,
such as aid
workers
Hannah, UK

The people I admire


most are my parents.
They gave me a happy
childhood. Now I have
great opportunities
because of all of their
hard work
Fauzia, 25-29, Canada

We Found A Generation Concerned In The Bigger


Picture

I believe that the


world I live in is
actually pretty good,
although there are
several problems that
need to be resolved.
Those problems do
not always receive the
proper attention and
they range from social
inequality, extreme
consumerism to
violence and
corruption.
Rafaell, Brazil

Im very worried about


nuclear energy, both for the
chance of having an accident,
as in Japan, and for the use
or nuclear weapons
Milena, Spain

18
Source: OMG Proprietary Millennials Study, 2011

The world
makes me feel
optimistic, I trust
on organizations
as UN and EU.
And medical
research is
progressing
fast.
Javier, Spain

Im confused by
the world I live in.
There are so many
problems and the
solutions are
resulting in new
problems. It seems
as if everything is
going to pieces.
Tina, Germany

What is going on in
America worries me
because the central
bankers and
globalists are ruining
a once great
country.
Shawn, Canada

People are
increasingly greedy,
and war, terrorism,
recessions and other
factors threaten
everyones future
Jordan, Canada

Environmental Concerns Are Much Stronger


Amongst Millennials In Asia
I am much more likely to shop at stores or buy products from companies that are environmentally conscious Top 2 Box Agree

80

68%

60

50%

47%

%
40%

40

45%

43%

39%

39%
32%
31%

31%

30%

26%

20

21%
17%

19
Source: OMG Proprietary Millennials Study, 2011

29%

28%
25%

24%

28%

Expectations Of Doing Good Differ Radically


Across Markets
I am much more likely to shop at stores or buy products/services from companies that make charitable donations. Top 2 Box

Singapore
22%

India
39%

Thailand
18%

Canada
22%
Spain
28%

Argentina
30%

Turkey
39%

Philippines
70%

Saudi Arabia
32%

Brazil
34%

USA
26%

Mexico
33%
Chile
29%

Russia
30%

China
46%

Hong Kong
18%

Germany
23%

New
Zealand
15%

France
23%

20
Source: OMG Proprietary Millennials Study, 2011

Taiwan
21%

Mixed Expectations That Brands Should Have Strong


Environmental And Cultural Policies

I somewhat disagree
with brands being
obligated to act
socially responsible,
its not wrong but
neither is it the
brands role.
Gerardo, Argentina

I don't want to
contribute to brands
who arent
responsible. Texaco
came to Brazil and
the company ended
up contaminating our
soil and water. On
the other hand, there
are brands like Tang,
that launched
a campaign teaching
children to recycle,
which is pretty cool..
Lari 15-17, Brazil

A brand I dont
like is Nike,
because I relate
it with children
exploitation,
although it was
the sponsor of
the greatest
sportsman:
Michael Jordan.
Asier, Spain

I reckon social
commitment
has a vital
importance for
a brand.
Antonella,
Argentina

Source: OMG Proprietary Millennials Study, 2011

21

Its very
important for
me, that a brand
acts responsibly
. Adidas stands
up against
racism
Michael,
Germany

If there's only
one cheap
option, and that
brand is
involved in
something bad,
I don't really
care.
Graham M18
24 Ireland

Brands such as
Lush and Kiehls
promote recycling,
human rights and
reducing the carbon
footprint
Bianca, UK
The Body shop ...
have managed to
stick to their values
of saying no to
animal testing and
helping campaigns
to stop child
trafficking and HIV
disease spread.
Insung, UK

The First Youth Generation Globally Connected By


Technology

From the moment


I wake up till I go
to sleep, Im online and connected
to media. Social
media on Internet,
TV shows, my cell
phone, I cant live
without them.
Antonella,
Argentina

Im permanently
connected to the
internet at work,
both for
professional and
personal issues.
At evening, I
watch TV and log
my social
networks.

I bought my
Blackberry, I
couldnt live
without it. Im a
hard user of every
social media, plus I
am all day on-line
with my friends
and family. And on
internet I have
access to whatever
information I
need.
Maggie,
Argentina

Cristina,
Spain

22
Source: OMG Proprietary Millennials Study, 2011

As soon as I wake up
I check E-Mails and
Facebook. I update
my Facebook every 10
minutes. In the evening
I mostly watch TV

Tina, Germany

I usually spend 5
to 6 hours on
Facebook daily,
either on my iPad
or iPhone.
Fauzia, Canada

Millennials Are
Shaping The Future
Of Shopping

23

Gen X Were The First Consumer Youth Generation,


They Have Passed The Baton To Enthusiastic New
Kids On The Block

Who doesn't like


shopping? I'm a
shopaholic..
Shopping relaxes
me, it makes me
feel important. ..
I shop, therefore I
exist..
Jessica, Brazil

I love shopping! I
save my money
mainly to go
shopping or to buy
something online
Nicole, Germany

I really like to
shop, I could
even say that
shopping
makes me kind
of happy. Yes,
buying new
dress, book or
a movie on
DVD really lets
my endorphins
flow.
KASIA,
Poland

I love to go
shopping, without
a doubt. After
buying something I
want I get this
incredible feeling,
it's as if I had just
satisfied a need,
like eating when
I'm hungry..
Rafael , Brazil

24
Source: OMG Proprietary Millennials Study, 2011

I really like
shopping - not
the actual
buying of
products but
just having a
nice day out
wandering
around with
people I want
to be with.
Natalie, UK

I know I sound
rather girly for
saying this but
shopping is
without doubt
one of my
favourite
things...
Josh, UK

Shopping is a
best way to relax
and even cheer
up, change
something in
yourself. I love
shopping. I take
my best friend and
we can kill a whole
day walking from
shop to shop,
unaware how fast
time passes
Natalya, 19 y.o,
Russia

Millennials Are Quite Particular About What Their


Shopping Experience Should Be
MILLENNIALS DEMAND CONTROL OF THEIR SHOPPING EXPERIENCE

Non-existent customer service,

Inconvenience
Crowded stores
Disorganized, messy stores,

staff shortage

Pushy, rude sales people


Lazy, uninformed sales people
Long lines
Lack of stock, size

displays

Unreasonable return policy


Damaged goods
No discounts

Freedom!
Feel no pressure to purchase
Feel in charge, confident
Feel victorious!

Free to touch, explore, experience product


Feel relaxed, stress-free
Feel optimistic, excited, have fun

25
Source: OMG Proprietary Millennials Study, 2011

Millennials Love The Immediacy Of Store Shopping


Over Having To Wait For Online Delivery
For what reason(s) do you prefer shopping in a store, instead of on the internet?

Restrict my
selection

Restrict my
payment method

FREEDOM & FEEL IN


CONTROL

Extra cost

See-feel-touch!

Inconvenient

Able to buy
immediately!

Make me wait!

Able to compare
price!
Shop at my own
pace!
Able to enjoy
companion of others

RESTRICTS AND
INCONVENIENCE

Is entertaining

26
Source: OMG Proprietary Millennials Study, 2011

Age Plays A Distinct Role In Millennials Attitudes


Toward Spending And Saving

SEEKING AUTONOMY!

Life Explorers

INVENTION
15-17 YEARS OLD

Life Embarkers

INDEPENDENCE
18-24 YEARS OLD

Shopping is a way of
exploring themselves both
personally and socially

Shopping is a way of
expressing their
independence

SPEND WHAT YOU GET!

ENJOY WHAT YOU MAKE!


27

Source: OMG Proprietary Millennials Study, 2011

Life Establishers

INVESTMENT
25-29 YEARS OLD
Shopping is a way of investing
in what is important

INVEST MORE OF
WHAT YOU EARN!

Millennials In Markets Hardest Hit By The Recession


Show Lower Levels Of Enjoyment Towards Shopping
In general, please rate how much you enjoy the process of shopping, overall? Top 2 Boxes
85%

80%

73%
67%

63%

57%

51%

63%

58%

52%

49%

43%

Czech Denmark
Republic

France

Germany

Greece

Ireland

Italy

Poland

Portugal

76%

72%
65%

68%

68%

67%

66%

Russia

72%

56%

Argentina

Canada

Central
America

Chile

88%

Columbia

Ecuador

Mexico

Puerto
Rico

60%

57%

Taiwan

Thailand

84%
77%
65%

64%

China

Hong Kong

India

New
Zealand

Source: OMG Proprietary Millennials Study, 2011

74%

69%

Phillipines Singapore

28

USA

Saudia
Arabia

53%

Spain

Turkey

UK

Shopping Is Often A Solo Experience

31%
23%

24%

22%

20%

France

Germany

Greece

Ireland

20%

Czech Denmark
Republic

26%

Italy

33%

Poland

36%
29%

Portugal

Russia

52%

23%

Argentina

27%

27%

Brazil

Canada

22%

25%

25%

23%

24%

25%

Central
America

Chile

Columbia

Ecuador

Mexico

Puerto
Rico

85%

57%

53%

China

Hong Kong

46%

41%

38%

India

New
Zealand

Phillipines Singapore

How often do you shop with other people, ie family, friends? Top 2 Boxes
Source: OMG Proprietary Millennials Study, 2011

29

42%

45%

Taiwan

Thailand

USA

21%

22%

19%

22%

Saudia
Arabia

Spain

Turkey

UK

Across Markets Millennials Prefer To Spend Money


On Technology
CHINA

INDIA

14%

UK

23%

28%

21%

17%

17%
20%

14% 15%

31%

26%

USA

26%

18%

18%
31%

KEY

BRAZIL

Clothes and accessories


Computers/computer
accessories

13% 12%
0%
15%

16%

22%

26%

Travel and tourism


Automobiles

15%

21%

17%
36%

Home decor
Home appliances

37%

Home electronics
Portable electronics
Groceries

After purchasing necessities, which of the following products/services do you


MOST prefer to spend your money on? Please select up to three choices
Source: OMG Proprietary Millennials Study, 2011

Toys / hobbies / sporting goods

30

We Found A Generation Less Inclined Towards


Instant Gratification
If I see something I like, I typically buy it immediately
22%

24%

35%

35%

31%

39%

34%

37%

23%

27%

32%

32%

France

Germany

Greece

Ireland

39%
37%

34%

23%

39%

35%

37%

39%

33%

32%

29%

41%

34%

KEY

32%
32%

37%

DISAGREE

42%

Czech Denmark
Republic

25%

35%
38%

41%

36%

40%

40%

Poland

Portugal

25%

Italy

28%

33%

39%

Russia

Saudia
Arabia

Spain

27%

28%

Turkey

UK

NEITHER AGREE
OR DISAGREE
37%

27%

16%
33%

36%

34%

36%

32%

40%

37%
34%

28%

33%

Argentina

31%

32%

31%

33%

34%

Canada

Central
America

Chile

36%

30%

33%

33%

35%

36%

20%

24%

Columbia Ecuador

27%

21%

38%

38%

29%
34%
39%

China

31%
49%

16%

Hong
Kong

28%

India

Source: OMG Proprietary Millennials Study, 2011

Mexico

46%

57%

37%

25%

25%

42%

50%

30%
50%

45%

Brazil

31%

28%
35%

36%

15%

New
Phillipines Singapore Taiwan
Zealand

31

24%

Thailand

33%

Puerto
Rico

USA

AGREE

Naturally Some Do Shop Impulsively

Shopping is
very important
to me. Im
crazy for shoes
and make up. I
love shopping,
and when I see
something I like,
I just buy it.
Antonella,
Argentina

Shopping I like
buying things but I
do not have the
patience to spend
too much time on it.
So, usually I go to a
store I look at things
and choose in a few
minutes. For specific
products I try to be
less impulsive.
VASCO P.,
Portugal

Last time I
went in the city
mallI was
supposed to
buy just a shirt
but I came
home with two
bags of stuff
Salvatore,
Italy

Source: OMG Proprietary Millennials Study,


32 2011

I really like
shopping - not
the actual
buying of
products but
just having a
nice day out
wandering
around with
people I want
to be with.
Natalie, UK

The last time I


went shopping
I didn't really
have anything
in particular in
mind to buy
and was just
browsing ... I
ended up
buying some
shoes and a
bikini top
Bonnie, UK

Every summer I
get a job on a fulltime, trying to earn
pocket money for
next six months at
least . But when I
get the salary,
immediately ran to
the shops. I
usually spend it all
on clothes and
electronics
Polina, 18 y.o,
Russia

Milliennials Show Strong Interest In Planning For


Their Future Financially

Philippines
68%
SA
28%

NZ
42%

33

44%

Turkey

Spain 32%

Argentina 35%

Thailand 35%

37%

Germany

39%

Mexico

40%

Hong Kong

41%

China
42%

I consider myself a saver rather than a spender


Source: OMG Proprietary Millennials Study, 2011

USA
45%

Russia
50%
Canada

France
43%

41%

Taiwan
43%

Chile
46%

Brazil

44%

Singapore

India
43%

They Are Wary Of Debt And Understand The Need To


Save For The Future

Im currently
working four parttime jobs and I am
kind of putting my
money aside ... I
do have a certain
amount of my pay
check placed into a
TFSA account
every month.
Caryn, 18-24,
Canada

I am still financially
dependent on my
parents. Naturally I get
some pocket money but
sometimes I also get
some casual work to
earn some money which
are quite important to
me. I like to buy new
things, to dine out, to go
out with my friends and it
all cost money. At the
point of life where I am
now saving money is
quite hard, I live in dorms
and cutting down costs
of living and saving
something form the small
sum I get regularly is
quite difficult..
AGATA, Poland

Source: OMG Proprietary Millennials Study,


34 2011

I wouldn't say I
avoid shopping - I
merely put it off
until I have
enough money
saved so I won't
feel guilty and
can enjoy my
purchase.
Graham, M 1824, Ireland

I save pretty
much
everything I
earn...I value
money a lot
now I know
how hard it is to
earn it,
Josh, UK

Now Im
saving money a
lot, because I
have only parental
allowance which
is
very ridiculous am
ountSometimes
I buy some toys
for my son or
something nice for
my partner, but
most of money is
spent on foodI
prefer to invest
in a my
son who needs th
ings more than I
do
Darina, Russia

We Explored Four Broad Stages In The Purchase Cycle

35

1.

36

Despite The High Immersion With Digital Media,


Television Is The Most Prevalent Source For How They
First Learn About Products And Services
Where do you typically first hear about each of the following products/services?
80%
70%

60%
50%
40%

High

30%
20%

Low

10%
0%

Source: OMG Proprietary Millennials Study, 2011 (Average across 32 markets)

37

Television Is Also Gen X-ers First Source Of New


Product News
Where do you typically first hear about each of the following products/services?

80%
70%
60%
50%
40%

HIGH

30%
20%

LOW

10%
0%

Source: OMG Proprietary Millennials Study, 2011 (Average across 32 markets)

38

2.

CUSTOMER REVIEWS

COMPARISON

39

Offline Word Of Mouth Dominates When Researching


Potential Purchases
Family
Friends
Magazines
Search Engine
TV
Newspapers /circulars
Online Reviews
Product/service experts
Online forums /blogs
Trade shows/fairs
Mails on the post
Streaming video online
Friends Emails
Family Emails
In Store
Digital Coupons
Mobile Internet
Radio
Offline reviews
Websites
Social networks
Mobile apps
Deals websites
Streaming video mobile
Company's emails
Text messages
Instant Messaging
Podcasts

33%
33%
28%
27%
25%
25%
24%
24%
24%
24%
23%
22%
21%
20%
20%
19%
19%
18%
18%
18%
18%
16%
16%
15%
15%
14%
14%
9%

Please indicate how useful each of the following sources are when researching products/services you are considering
purchasing? Average across 32 markets
40
Source: OMG Proprietary Millennials Study, 2011

MILLENNIALS RELY HEAVILY ON INTERNET


RESEARCH
KEY

HIGH
50%+

MEDIUM
20-49%

Brazil

Germany

Hong Kong

China

LIGHT
>20%

India

Singapore

UK

Percent that you research products / services online - Generally speaking, when researching a
product / service you are considering purchasing, approximately what percentage of your research
41
happens on the internet, compared to offline.
Source: OMG Proprietary Millennials Study, 2011

USA

Lack Of Evidence Of Short Attention Spans When It


Comes To Researching Purchases

MILLENNIALS

GEN X

USA

High (Computers & Accessories)

Medium (Clothes/Shoes/Accessories)

Low (Groceries)

0%

20%

40%

60%

80%

100%

0%

50%

100%

0%

50%

100%

BRAZIL

High (Computers & Accessories)

Medium
(Clothes/Shoes/Accessories)

Low (Groceries)

0%

20%

40%

60%

= < 1 week
On average, please indicate approximately how much time in total you spend researching each of
the following products/services, before making an actual purchase
42
Source: OMG Proprietary Millennials Study, 2011

80%

100%

= 1-4 weeks

= 4+ weeks

= no research

Product Reviews Are Critical To Millennials


Purchasing Choices
KEY
40%

39%

20%

40%

33%

27%

Czech Denmark
Republic

37%

44%

45%

39%

39%

34%

40%

17%

21%

21%

27%

France

Germany

Greece

Ireland

43%

46%

41%

33%

37%

36%
38%

35%

35%

29%

33%

43%

46%

38%

37%

19%

17%

Turkey

UK

57%

26%
36%

19%

21%

22%

17%

Italy

Poland

Portugal

Russia

Saudia
Arabia

31%

Spain

DISAGREE

NEITHER AGREE
OR DISAGREE
16%
49%

37%
56%

50%

47%

29%

26%

35%

18%

24%

21%

18%

Argentina

Brazil

Canada

Central
America

Chile

45%

43%

39%

63%

32%
29%

China

Hong
Kong

49%

29%

30%

33%

26%

24%

India

22%

27%

Columbia Ecuador

59%

58%

58%

27%

32%

32%

14%

11%

10%

19%

24%

Mexico

Puerto
Rico

USA

48%

35%

44%

12%

47%

50%

22%

8%

43%

34%
39%

29%

49%

27%

38%

New PhilippinesSingapore Taiwan


Zealand

15%

Thailand

When I am researching a product/service that I am considering purchasing, product


43 reviews play a large role in
my decision about what to buy

AGREE

Whilst Ownership Levels Of Smart Phone Are Similar,


Millennials Are More Likely Than Gen X-ers To Use
Shopping And Price Comparison Apps

Brazil
Germany
Greece
Italy
Mexico
Gen X

Gen Y

Poland
Russia
Spain
Turkey
UK
0%

10%

20%

30%

40%

50%

60%

Please indicate how often, if at all, you use the following apps (mobile applications)
or functions on a
44
mobile device (i.e., cell phone, iPad, etc.) - Shopping/Price comparison

70%

80%

90%

CUSTOMER REVIEWS

COMPARISON

3.

45

Millennials Make More Of Their Purchases In-Store


Verus Online
KEY

42%

24%

22%

HIGH
50%+

42%

27%

27%

17%

49%

51%

MEDIUM
20-49%

China
14%

13%

23%

27%

63%

60%

Percent that you purchase products / services online - Approximately what percentage of purchases
do you personally make on the internet (e.g., online), compared to in a store? 46
Source: OMG Proprietary Millennials Study, 2011

LIGHT
>20%

In-Store Offers Immediacy And Convenience


Around Payment Methods
Allows me to buy the product immediately (i.e., do not need to wait for
delivery)

56%

Does not have shipping costs

54%

Allows me to see products in person (i.e., can see/feel the product, etc.)

53%

Is entertaining

44%

Makes me feel more comfortable than when I pay than online

42%

Allows me to use cash

40%

Allows me to get cash back at the checkout

33%

Saves me time

32%

Is an opportunity to spend time with other people

32%

Allows me to better compare prices than online

31%

Makes it easy to find sales

28%

Is more convenient

26%

Allows me to shop for things I would not otherwise be able to find

26%

Offers a larger selection than online

25%

Is less expensive than online shopping

18%

I do not shop in stores


Other, please specify
For what reason(s) do you prefer shopping in a store, instead of on the internet?
Source: OMG Proprietary Millennials Study, 2011
47

6%
1%

Online Shopping Allows Millennials To Shop


Around For Value
Allows me to compare prices
Saves me time
Allows me to shop for things I would not otherwise be able to find
Is more convenient
Makes it easy to find sales
Is less expensive than shopping in a store
Offers a larger selection than what I can find in a store
Allows me to ship products wherever I want
Saves me money on gas
Still allows me to use my debit card
Is entertaining
Still allows me to use my credit card
Avoids sales tax
I do not shop online
Other, please specify

For what reason(s) do you prefer shopping on the internet, instead of in a store?
Source: OMG Proprietary Millennials Study, 2011

48

Millennials More Likely To Buy Experiences Online


Holiday accommodation

Holiday travel/package

Music

Computers/accessories

Portable electronics

Financial investment

Clothing, shoes, accessories

Toys, hobbies, sporting goods


Percent that you purchase products / services online (> 50%)
Source: OMG Proprietary Millennials Study, 2011

49

Millennials Feel Confident About Online Shopping

I liked buying on-line, but I always


fear a scam. But if you do it in safe
places its not dangerous. I would
do it again.
Yami, Argentina

Source: OMG Proprietary Millennials Study, 2011

I started doing
online shopping
just recently.
Bag, slippers,
shoes, clothes,
household goods
are the products I
have bought on
internet.
Burcu, Turkey

50

I shop online
frequently. Its just
so convenient! I
particularly like
Amazon. Its fast,
often without
shipping costs and
the prices are
reasonable
Tina, Germany

I always shop online, it's practical


and you have several options of
stores, products and prices at your
fingertips. I buy everything online.
I've purchased clothes, make-up,
DVDs, CDs, cell phones,
computers, and other items online.
Freda, Canada

Friends Are Their Key Influence On Purchases

Celebrity or expert endorsements

Store Clerk

Brothers and sisters

In store displays/signs

Ad

Parents

Spouse/Partner

Boyfriend

Friends
0%

5%

10%

15%

20%

25%

Please indicate how much influence you feel each of the following have on what you choose to
purchase.
Source: OMG Proprietary Millennials Study, 2011
51

30%

35%

40%

45%

50%

Millennials Are Open To Having A Relationship


With Brands That Fit Some Of Their Basic Criteria
AUTHENTICITY
BRANDS SHOULD

Understand who they are and what they value


Be transparent, have nothing to hide, and admit when
they make a mistake
Have personality but not try too hard
Be simple and to the point in their design/message

QUALITY

AFFORDABILITY
BRANDS SHOULD

BRAND
TRUST

Offer good value


Have sales / promotions and
communicate it to their customers

BRANDS SHOULD

Sell durable products that last

Manufacture products/services that


function properly, and are well
designed/comfortable
Offer excellent customer service that is
informative and not pushy

EXPRESSION
BRANDS SHOULD

Stay up to date with trends, and not be afraid to


change or adapt
Inspire Millennials by being innovative and
fresh
Allow customers to customize to meet their
personal needs

52
Source: OMG Proprietary Millennials Study, 2011

52 /

Millennials Seek Out Price, Value And Reputation

Have advertising
that is appealing to
me

TOP
REASONS

3%

I see/hear
advertising for

Save me money

4%

32%

Are cooler than


other brands

Last longer than


other brands

4%

31%

Support a cause I
believe in

Have a good
reputation

4%

I like the logo


5%

31%
Are better quality
than other brands

29%

BOTTOM

I trust

REASONS

26%
Please indicate why you buy the brands that you do.
Source: OMG Proprietary Millennials Study, 2011

53

Friends And Family Are Primary Influencers Of


Change In Brand Consideration
The brand was sold or
packaged with another
product
9%

TOP
REASONS

I got a larger quantity


than the brand I
typically buy
10%

A family member
suggested I try it

36%

The brand supports a


cause I believe in
12%

A friend suggested I
try it

35%

The brand gave me a


sense of nostalgia

It was of a better
quality than the brand
I typically buy

15%

33%

I recognize the brand


from an advertisement

The brand/company
has a good reputation

15%
A free sample was
included with the
purchase

29%
It offered more choices
than other brands in
the category

17%

BOTTOM

27%

REASONS

It offers a money back


guarantee

27%
Source: OMG Proprietary Millennials Study, 2011
Please indicate why you buy the brands that you do.

54

When It Comes To Brand Choice There Are Key


Differences Among Millennial Subgroups

Life Embarkers

Life Explorers
15-17 YEARS OLD

Interested in cool affordable brands


High interest in current, most popular
brands; like to be in the know and
accepted by their peers

Appreciate brands that offer variety


Appreciate simplicity of retro brands
Most likely to buy disposable fashion
brands that are affordable and
trendy

Life Establishers

18-24 YEARS OLD

Interested in brands that help them to


express themselves

Brands with personality


Brands that are presentable (i.e. job
interviews)

Appreciate brands that are of


reasonable quality but affordable

Cant afford premium brands, so look


for sales instead

Trust and reputation become more


important brand attributes as Millennials
become older

Durable, classic, wont go out of style,


reliable

Appreciate brands that are functional and


make their lives better / easier

Appreciate good customer service


Value brands that offer consistency in
product / service

Appreciate brands that support causes


55
Source: OMG Proprietary Millennials Study, 2011

CUSTOMER REVIEWS

COMPARISON

CUSTOMER REVIEWS

4.
Source: OMDs Proprietary Millennials Study, 2011

56

THE POWER OF WORD OF MOUTH

Millennials like to

TALK AND SHARE


Friends and family are their
immediate sources, whilst the digital

world such as social media,


search engines enables wild spread
of opinions without censorship.

57

Millennials Are United In Their Enjoyment At


Sharing Deals With Friends
KEY
52%

40%

49%

50%

55%

48%

39%
54%

53%

33%

27%

54%

65%
28%

33%
25%
23%

34%
28%

Czech Denmark
Republic

32%

28%

31%

17%

18%

16%

22%

France

Germany

Greece

Ireland

39%
53%

50%

26%

32%

21%

18%

Turkey

UK

30%

30%
22%
33%

13%

20%

17%

13%

Italy

Poland

Portugal

Russia

Saudia
Arabia

31%

Spain

DISAGREE

NEITHER AGREE
OR DISAGREE
51%

61%

53%

54%

53%

55%

29%

25%

29%

23%

45%

63%

30%

25%
21%
18%

18%

Argentina

Brazil

Canada

50%

46%

21%

Central

19%

Chile

Columbia Ecuador

58%
78%

32%
39%

China

Hong
Kong

22%

India

19%

Mexico

39%
15%
7%

33%

13%

9%

13%

New PhilippinesSingapore Taiwan


Zealand

When I hear about good deals, I like to spread the word to my friends
Source: OMG Proprietary Millennials Study, 2011

21%

59%

34%

25%
12%

25%

44%

48%

70%

22%

58

55%

33%
24%

24%

6%

45%

18%

Thailand

13%

Puerto

29%
16%

USA

AGREE

They Have An Openness To Following Brands


Outside Of Their Favorite Brand List
25%

33%

33%

32%

32%

28%

30%

27%

21%

13%
31%

30%

31%

33%

31%

27%

29%

28%

25%

15%
32%

29%

29%

KEY
41%

36%

31%

35%

28%

29%

Turkey

UK

27%

72%
43%

39%

Czech Denmark
Republic

39%

42%

France

Germany

48%

Greece

39%

37%

44%

Ireland

Italy

Poland

Portugal

DISAGREE
43%

43%

Russia

Saudia
Arabia

44%

Spain

NEITHER AGREE
OR DISAGREE
34%

37%

23%

22%

28%

39%

36%

23%

27%

38%

37%

30%

43%

41%

42%

Argentina

Brazil

Canada

Central

Chile

17%
37%
51%

36%

43%

Columbia Ecuador

35%

27%

25%

36%

40%

Mexico

19%
34%
39%

34%

36%

20%

53%

31%
16%

Hong
Kong

22%

37%

58%

30%
28%

China

35%

18%

30%

31%

33%
33%

46%

India

41%

36%

43%

22%

New PhilippinesSingapore Taiwan


Zealand

30%

Thailand

The only brands I would consider following on Facebook or Twitter would be my


favorite brands
59
Source: OMG Proprietary Millennials Study, 2011

Puerto

36%

34%

AGREE
30%

USA

Despite Believing That Friends Are Influential,


They Display Limited Confidence In The Power Of
Their Own Influence
21%

36%

19%

31%

28%

34%

37%

31%

28%

30%

36%

38%

41%

39%

26%

36%

24%

41%

32%

24%

31%

42%

43%

Czech Denmark
Republic

35%

35%

32%

34%

29%

France

Germany

Greece

Ireland

Italy

KEY

28%
32%

36%

33%
43%

32%

48%

38%

35%

31%

Poland

Portugal

Russia

Saudia
Arabia

41%

DISAGREE
36%

Spain

26%

27%

Turkey

UK

NEITHER AGREE
OR DISAGREE
24%

27%

32%

30%

34%

30%

29%

38%

29%

33%

36%

38%

33%

38%

38%

Canada

Central
America

Chile

30%

34%

31%

40%
34%

40%
32%

39%

Argentina

40%

28%

Brazil

Columbia Ecuador

37%

62%
46%

42%

41%

24%

24%

28%

Hong
Kong

Taiwan

48%

31%

35%
23%

India

13%

China

33%

32%

28%

32%

38%

34%

35%

30%

Mexico

Puerto
Rico

USA

AGREE

17%

31%

52%

38%

30%

38%

44%

9%

Thailand SingaporePhilippines

I feel that what I buy influences the purchases of my friends


Source: OMG Proprietary Millennials Study, 2011

60

New
Zealand

Writing Reviews Fulfils A Greater Role Than


Simply Helping Others ...
34%

34%

36%

34%

31%

33%

38%

33%

40%

41%

36%

35%

24%

24%

31%

34%

France

Germany

Greece

Ireland

28%

38%

42%

38%

35%

KEY
38%

38%

32%

32%

31%

31%

33%

44%

39%

32%

43%

DISAGREE
29%

32%

Czech Denmark
Republic

23%

23%

Italy

Poland

34%

Portugal

29%

Russia

37%

Saudia
Arabia

37%

Spain

23%

18%

Turkey

UK

NEITHER AGREE
OR DISAGREE
39%

33%

28%

Argentina

39%

34%

35%

34%

26%

34%

28%

33%

35%

32%

37%

33%

Brazil

Canada

Central
America

Chile

29%

41%

11%

India

20%

31%

26%

31%

35%

37%

Mexico

Puerto
Rico

USA

36%

30%

33%

42%

42%

28%

24%

New PhilippinesSingapore Taiwan


Zealand

Writing Product Reviews Makes Me Feel Like I Am Helping Others


Source: OMG Proprietary Millennials Study, 2011

39%

24%

28%

10%

39%

Columbia Ecuador

46%
47%

Hong
Kong

32%

61

27%

38%

65%

30%

28%

China

25%

35%
33%

25%

29%

19%
42%

62%
47%

34%

Thailand

AGREE

... They Enjoy Sharing As It Gives Them A Sense


Of Achievement

Millennials like the challenge of getting the best deal on


something they love
Justifies their spending and reduces buyers remorse
At times, the hunt can be just as gratifying as the item
itself

Feel a sense of personal achievement


Victorious, thrilling, adrenaline rush
Empowered and in control of their consumption
Excited to bring something new home
Feel a sense of social achievement
Excited to show purchase off to family and friends
Able to give advice to others

62
Source: OMG Proprietary Millennials Study, 2011

Purchases They Are Most Likely To Influence And


To Be Influenced About
HOLIDAY
ACCOMMODATION/TRAVEL
PACKAGES
FINANCIAL
INVESTMENT

PORTABLE
ELECTRONICS

In the past, for which of the following products/services have you ever posted and/or read online
product reviews (i.e. web sites where consumers can rate products and services

63

Source: OMG Proprietary Millennials Study, 2011

Millennials Are Hooked On Reading Reviews For


High Involvement Categories
63%

60%

58%

56%

52%

15%

12%

58%

56%

31%

27%
20%

17%

14%

23%

21%

KEY

69%

66%

62%

58%

60%

56%

27%

55%

27%

18%

13%

11%

POST
Czech R Denmark

France

Germany

Greece

64%

60%

Ireland

63%

26%

25%

61%

57%

54%

Poland

Portugal

64%

60%

22%

22%

22%

21%

Brazil

11%

Canada

94%

92%
76%

Central
America

Chile

Columbia Ecuador

99%

93%

Mexico

USA

98%

92%

91%

90%

Puerto
Rico

80%

75%

58%
42%

41%

44%

30%

China

Hong
Kong

India

New
Zealand

Philippines Singapore

Taiwan

Saudia
Arabia

Spain

Turkey

UK

READ

60%

12%

Argentina

Russia

55%

24%

20%

Italy

Thailand

In the past have you ever posted and/or read online product reviews? (High Involvement Categories)
Source: OMG Proprietary Millennials Study, 2011
64

This Dips Slightly For Lower Involvement Categories


56%
42%

42%
36%

33%

32%

43%

38%

36%

35%

34%
23%

12%

11%

9%

Czech R Denmark

14%

10%

France

Greece

Ireland

21%

10%

7%

Germany

26%

KEY

15%

15%

13%

53%
48%

45%

Italy

Poland

Portugal

8%

Russia

Saudia
Arabia

Spain

Turkey

UK

POST
54%

52%

51%

48%

54%

52%

48%

51%

35%
30%
17%

14%

12%

Argentina

Canada

93%

Central
America

7%

Columbia Ecuador

98%

91%
81%

75%

71%

Chile

46%

38%

Mexico

42%

Puerto
Rico

97%

94%

87%

79%

17%

14%

14%

11%

8%

Brazil

92%

14%

49%

26%

China

Hong Kong

India

New
Zealand

Philippines Singapore

Taiwan

Thailand

65

In the past have you ever posted and/or read online product reviews? (High Involvement Categories)

USA

READ

Seeing Advertising Post-Purchase Offers


Millennials Reassurance About Their Choices
33%

30%

25%

30%

32%
39%

27%

28%

37%

33%

33%

40%

32%

39%

32%

33%

27%

40%

44%
37%

38%

32%

KEY

32%

49%

41%

33%
26%

38%

DISAGREE
37%

43%

Czech Denmark
Republic

31%

34%

40%

France

Germany

Greece

30%

27%

Ireland

Italy

35%

Poland

29%

23%

Portugal

Russia

31%

36%

Saudia
Arabia

Spain

25%

22%

Turkey

UK

NEITHER AGREE
OR DISAGREE
22%

30%

36%

44%

54%

40%

46%

43%

42%

42%

35%

30%

23%

28%

Mexico

Puerto
Rico

42%

35%

30%

33%

32%

29%

33%

28%

AGREE
35%

34%
18%

Argentina

Brazil

Canada

22%

23%

29%

Central
America

Chile

25%

31%

43%

35%

44%

38%

40%
35%

39%
23%
24%

23%

9%
China

26%

69%

36%
31%

25%

Columbia Ecuador

38%

42%
60%

25%

34%

28%

Taiwan

Thailand

7%
Hong
Kong

India

New
Zealand

Philippines Singapore

Seeing an advertisement I like for a product/service I have recently bought makes me


feel better about my purchase
66
Source: OMG Proprietary Millennials Study, 2011

37%

USA

2.

CUSTOMER REVIEWS

COMPARISON

1.

3.
CUSTOMER REVIEWS

4.
Source: OMG Proprietary Millennials Study, 2011

67

Millennials Are Still Learning How To Shop

I was looking for a


new PC: I turned
several stores and
then I decide to
buy it in the place I
felt more confident
with, a small place
where the
salesman listened
to me .
Alex, Italy

I hate shopping
at big department
stores because I
always feel
overwhelmed..
Caryn, 18-24,
Canada

Source: OMG Proprietary Millennials Study, 2011

68

For me, shopping


has never played a
big role. The hustle
and the many
people in the
stores usually
keep me from the
there. To be
honest it's too
stressful to me.
Elisa, Germany

Our Millennial Bloggers Enjoyed Discussing


Advertising

"Advertising today is essential to


promote products and services especially
with the amount of competition in the
market. The New Schin TV ad caught my
attention because of its humorous
appeal. The ads for Havaianas, Ipiranga
and Sky also caught my attention for the
same reason . Web ads that pop up in
the middle of a webpage irritate me.
Outdoors ads can also catch my attention,
when I'm not driving
Jessica, Brazil

Source: OMG Proprietary Millennials Study, 2011

The advertising is a
very important element
where I can get the
information about new
products, goods and
services. I really like
interesting ads,
extraordinary or
unusual
Natalia, Russia

Advertising can be
annoying when
done improperly or
excessively, but it
really is an
important tool for
informing the
consumer about
new products.
Ryan, Canada

69

Recently I noticed
the advertising of
New Yorker in
TV. The Wild West
elements and very
attractive women
with country like
music can be
remembered
easily
Michael,
Germany

When I think of
commercials, I first
think of the TV
commercials for
Coca Cola and
iphone. I really like
those two
commercials. CocaCola has always
amazing songs and
iphone commercials
are just fascinating
Nicole, Germany

Millennials Appreciate Ads That Grab And Keep


Their Attention
REGARDLESS OF SEGMENT, MILLENNIALS ARE RECEPTIVE TO ADS IF THEY MEET
THE FOLLOWING REQUIREMENTS
Advertising that is entertaining
Smart, creative, thought provoking messages
Uses relevant humor for their age group
Ads they would want to show their friends on
YouTube
Advertising that is educational
Updates them on current product trends
Informs them of new ideas and experiences
Promotes sales and promotions (i.e., coupon
codes)
Advertising that is inclusive
Brings consumers together (i.e., Facebook page)
Invites the consumer to get involved, share their
opinion or create new products

I really like the new Old Spice


commercials because that guy is
hilarious. I think he was even
nominated for an Emmy!
LAURA, CALIFORNIA, 29

I am influenced too much by


advertisements, and other people
telling me to get something thats cool.
RYAN, NEVADA, 16

Source: OMG Proprietary Millennials Study, 2011

70

Though They Take Control Of Much Of The


Advertising They Let In
Used to being bombarded with advertising
wherever they turn
Normalized to the clutter, part of their environment
Trust their ability to filter and manage their
exposure

Dislike when advertising moves into their personal


space (e.g., pop-up ads, etc.)
Ads that distract, interrupt or surprise them
Ads that force them to view and/or waste their time
Devised strategies to protect themselves
DVR their favorite shows so they can fast-forward
through commercials
Use pop-up ad blockers
Watch / download TV programs online (i.e., Hulu,
Netflix)

Source: OMG Proprietary Millennials Study, 2011

71

They Recognise That Brands And Advertising Drive


Conversations
I would also post my
own opinions on
products that I have
also purchased
online, for example I
posted my comments
on the O2 website
when I bought my
Nokia C7-00 phone
about the quality and
value for money to
let other potential
customers see
what I had thought
about my
product purchase.
Jonathon, Ireland

I personally enjoy
ads, but not as
much as my
husband does.
Hes a huge fan,
specially sports
ones which are
boring to me.
Victoria,
Argentina

A big piece of ad makes


you talk about it with
your friends, in
spontaneous way. Same
thing that drives you to
buy that product.
Yamil, Argentina

Source: OMG Proprietary Millennials Study, 2011

72

(Advertising is)
the way companies
make themselves
known. The best
way to
communicate their
brands and
products.
Antonella,
Argentina

95% of a good
ad is
inventiveness,
wit. An ad that
makes you rack
your brain a
little.
Gerardo,
Argentina)

Their Inexperience As Shoppers Possibly Leads To


Heavy Reliance On The Opinions Of Others

When I plan to buy something I usually ask


my friends or family what are their
experiences with the brand, I also check
opinions on the web and that helps me to
decide whether the thing is worth buying. I
think that possibility to ask others about their
opinion on the brand is quite important.
Yami, Argentina

I ALWAYS ask my friends


and brother b4 buying
something. My friends
know all the brands for
gaming things and my
brother has an amazing
sense of style. So I always
ask them and take their
advice strongly into
consideration. My friends
ask me what to buy for
sports equipment.
Gabriel,
Ireland

Friends' opinion is
important to me,
but I decide myself
whether to buy that
one or another. I
do my own
research on
internet and then
decide
Giedre,
Ireland

Source: OMG Proprietary Millennials Study, 2011

73

I spend a lot of time


looking for information
before making a
purchase: the bigger
the cost is, the more
time I spend. Then, as
I work in Finance, my
friends and relatives
usually ask me for
advice about that
issue. The last brand I
recommended was
ING Direct.
Francisco, Spain

Millennials Arent Entirely What They Seem


CONVENTIONAL WISDOM SUGGESTS

OUR FINDINGS REVEAL

Millennials
Are impulsive

Calculating and informed shoppers who conduct a great deal of


research

Are entitled

Have grown up in a world of convenience; immediately reject


any part of the shopping process that turns them off

Only look for brands they


think are cool

Price, quality and authenticity are also important brand


attributes

Are lazy

Equip themselves before making purchases; spend a lot of


effort researching and deal-hunting

Tell everyone what they are


thinking all the time

Use Facebook, among other sites to reverberate their thoughts,


which amplifies their influence

Are sheltered

Shelter each other from negative shopping experiences (e.g.,


product reviews, etc.)

Are self-centered

Believe in causes bigger than themselves; will spend more on


products/services that are environmentally-conscious or
support a causebut they do expect a personalized
experience from brands

Source: OMG Proprietary Millennials Study, 2011

74

Overall Key Takeaways


FINDINGS

IMPLICATIONS

Invention, independence and investment


these are the key differences among
Millennials and are driven by their life stage

Recognize the different social and personal


payoffs they seek from their shopping experience

Millennials are digitally-inclined, but also rely


on traditional media

Keep traditional media on the plan

Open-minded when considering which brands


to purchase

Appeal to this cohort in four ways: affordability,


quality, authenticity and expression

Influential and outspoken the digital


democracy has empowered them to share
their opinions about brands widely and indelibly

Be flexible listen, learn and adapt (e.g., buzz


monitoring, etc.)

Millennials are receptive to advertisements as


long as they feel in control

Empower Millennials by letting them choose their


ad experience

Source: OMG Proprietary Millennials Study, 2011

75

JANUARY 2012

76

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