Marketing to Generation Y: The Experience Culture
Note: Ok, this is a little off topic but its wonderfully valuable advice.
posted by Bea Fields at Fast Company
Generation Y. You’ve heard that they don’t watch TV, and you’ve probably been told that they don’t read that much. Your research tells you that you can’t target them through MTV anymore, and you certainly can’t tell Gen Y what is cool. So how do you reach these 71 million “Millennials” that spend over 200 billion dollars annually and will soon replace the baby boomer generation as the largest percentage of the workforce? The answer is simple—you STOP marketing to them. Let me explain.
First, let's look at who they are. As a baby boomer, I can tell you that this generation—sometimes called the "Connecteds"—are our own invention. We raised Gen Y on a strong dose of praise to believe that they could do anything or be anything. We made their lives easy enough that they now believe they deserve to live first and work comes after living. (How dare them!) So the first thing we have to do is to stop being pissed off at our own creation and embrace the brilliance of the Gen Y community. If you don't first respect them, you can't expect them to want to do business with you.
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