Selling to the Future (Part 2 of 5): Learn your XYZs
(Part 2 of a 5-part blog series on Selling to the Future)
Tools such as search engine optimization, pay-per-click campaigns, online ads and viral marketing are important elements of a company’s Internet marketing strategy.
However, the emergence of social media, including forums, blogs, social networking, wikis and more, has given businesses the chance for dialogue — in the figurative online sense — with both current and potential customers.
But for your voice to be heard with online generations, first understand whom you’re talking to.
GENERATION X (Born 1965-1982)
- The MTV generation of divorce, social problems and economic strain
- The generation between the baby boomers and their children
- Digital adaptives — technologies began to emerge (in a mass sense) largely during the teen years of Generation X
GENERATION Y (born 1980-1994)
- The Net Generation, The “Millennials” of the work place
- Represents more than 70 million consumers in the U.S.
- Peer oriented and seek instant gratification
- Heavy users of Internet forums, email, Wikipedia, search engines, social networking sites, etc.
In a survey of 7,705 college students:
- 97% own a computer
- 94% own a cell phone
- 34% use websites as their primary source of news
- 28% own a blog
- 44% read blogs
Generation Y is a prime target for Internet marketing. According to the online article, “Why Gen Y is going to Change the Web,” Generation Y doesn’t care about advertising: they care what their friends think.
The article continues: “Because they are immersed in media, both online and off, Gen Y'ers are marketed to left and right. But when it comes to making decisions, Gen Y tends to rely on their network of friends and their recommendations, not traditional ads…They're also somewhat distrusting of ads, which is why grassroots efforts can also work.”
Source: Wikipedia reference - Connecting to the Net.Generation: What Higher Education Professionals Need to Know About Today's Students, Reynol Junco and Jeanna Mastrodicasa (2007).
GENERATION Z (born 1995-present)
- Today’s children and students, and tomorrow’s employees and leaders
- History's first 21st Century generation
- The digital natives, the dot com kids, Generation Media
- The 'Multichannel Teens' — super-communicators who have a host of technology options for dealing with family and friends
Sources: Wikipedia.com; Marketingvox.com, Marketingcharts.com
Where the wealthy are
According to The Luxury Institute’s latest WealthSurvey, “The Wealthy and Web 2.0,” the participation of wealthy online consumers (average of $287,000 income) in social networks dramatically increased to 60 percent in 2008, from 27 percent in 2007. The wealthy average membership in 2.8 social networks, with an average of 110 connections.
Selling to the Future Blog Series Links
Part 1 - Connecting with Younger Audiences
Part 2 - Learn your XYZs
Part 3 - Facebook is life for college students and beyond (coming soon)
Part 4 - Blogging in business (coming soon)
Part 5 - Don't call us, we'll text u (coming soon)











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