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Millennials

Who Says Millennials Are Lazy?

by Brad Besancon


Millennial Entrepreneur, Angelia Trinidad the creator of the “Passion Planner” provides insights into the Millennial Mindset.

Ms. Trinidad launched a $650K Kickstart campaign to get her idea off the ground.

She has grown out of her parents garage into a multi-million dollar business.

Robert Riggs and Brad Besancon spoke with Angelia after her presentation to Morgan Stanley’s Women’s Leadership Summit in Dallas on May 12, 2016.

Transcript

Brad: Hello everyone, it’s Brad and Robert again with this week’s Clarity Digital Marketing Clip. And if you’ll remember from last week, we spent a little time with Dr. Nathan Harness from Texas A & M University and discussed the importance of targeting millennials, understanding millennials and how they think. Not just in your online strategy, but in general business. You better have a strategy for this group of people because they’re in upwards of close to 90 million people. And at the same conference, you got to spend a little bit of time with Angelia Trinidad, a very successful millennial from the Passion Planner.

Robert: Yes, Angelia started a Kickstarter campaign and raised $650,000.

Brad: Not bad.

Robert: For a paper product. It’s called the Passion Planner and you can chart your life’s journey. The women love it because it’s kind of a journal/diary/calendar and you can define your life goals. So, don’t underestimate these millennials, 24-25 years old, and she’s had million dollar months in sales.

Brad: Yeah.

Robert: So she talked to us about how to connect with them.

Angelia: It comes down to respect. It comes down to listening. Taking the time to ask, well how can I help you. Because a lot of people, they pitch themselves and they pitch themselves so hard that, millennials especially are really turned off by it. They’re like ‘okay, why are you trying to sell me?’ And once millennials feel like they’re being sold, like most people, once you realize that this is an advertisement, then it’s like ‘ugh’.

Brad: So what you saw from what Angelia just said, was basically don’t patronize the millennials and don’t pitch them. They don’t need a sales pitch. They’ll kind of figure it out on their own.

Robert: And one of the things that we know about socially is if you start; sell, sell, sell; you lose, lose, lose audience.

Brad: It really is the 80/20 rule. 20% of your posts should really be salesy and 80% of it should be about making that connection.

Robert: So one thing with her success I was curious about was the stereotype that millennials are kind of shiftless and lazy and entitled and you’ve got to hold their hand. So, she kind of debunks the myth of the people in her age group.

Angelia: I don’t know if they’re a myth. I feel like it’s hard to really generalize a large population. I feel like the metaphor that I use is millennials have been pushed in this beautiful wheelchair, that usually their parents or society provides for them. And they get pushed in all these directions until they graduate college, usually. And then everyone says ‘walk’. And we’re like ‘how do we walk, we’ve never walked before; you’ve been pushing us this whole time.’ So how you get that to change is you say ‘allright millennials, we’re taking you out of your wheelchair. We’re not going to make decisions for you anymore. And, let’s have you walk. Let’s have you crawl, let’s have you stumble, I’m not going to catch you.’ Because that’s what parents do, they catch you. And then they say ‘why can’t you walk?’ It’s like ‘well, I have to learn how to do it on my own. I have to fail. I have be able to get back up. I have to be able to take steps in the decisions I want.’ Because if not, then there’s going to be this expectation of ‘why can’t you sprint; I see this other person sprinting? Why can’t you do it?’ So I think the biggest thing is to just be patient and to understand that millennials need to make their own mistakes and you can’t always catch them. But you also need to be like ‘you know, I support you. And whatever decision you make I’m going to be here for you.’ And that’s it.

Brad: So as you can see folks, it’s very important that we spend some time in your business, or you spend some time with your necessary folks and team to really think about this millennial strategy. One of the things to think about is, the top two brands in millennials are Nike and Apple. They’ve figured it out. They understand that if you connect with this audience, at the youngest of the millennials that you can; we’re talking about people that are potentially born in 1980 up to the 2000. So they’re only 16, 17 years old. If you can connect with them and turn them on to your brand now, you’ll have them for the rest of their life. Under Armour is perfect at this. They turn on the young kids to their brand so that they can keep them for the rest of their lives.

Robert: So, kind of, what differentiates the social for the millennials?

Brad: Well, it’s back to what Angelia said. You have to make a connection. You can’t just pitch them or try to draw them in, right? You’re not going to fish for them. They’re too smart for that in their own mind. So you have to connect with them at a deeper level, make the better pitch, if you will, without a sales, and connect with them. And don’t try to overdo it with them. They don’t buy into that.

Robert: Well, Angelia, she’s amazing.

Brad: She’s made it. She’s figured it out.

Robert: She’s got it.

Brad: Yeah.

Robert: Well, that’s the Clarity Digital Marketing Clip of the week; and Robert Riggs, Brad Besancon, see you next week.

Brad: Have a good one, guys.

Filed Under: Millennials Tagged With: entrepreneurs, millennials

The Millennial Mindset

by Brad Besancon


Millennials will be the benefactors of the biggest transfer of wealth in history.

Does your business understand how to connect with them?

Robert Riggs and Brad Besancon of Clairiti talk to one of the nation’s top experts about the Millennial Mindset, Texas A&M University Faculty Member Nathan Harness.

Transcript

Brad: Well you’re definitely privy to why, you mentioned in your speech, where you said Apple and Nike are the number one and number two brands in millennials. And you’re proving why they spend so much time making that connection. And you also mentioned that millennials are three times more likely to go out and get advice on social media than others. So tell us a little bit about that kind of persona they live in on social media, and why it’s important for, even mid level business, not just Nike and Apple; to make that connection because it’s the future of their business, right?

Dr. Harness: It is. Yeah, absolutely. So when you think about millennials, where are they going to get advice? They can go to their mom and dad, they can go to their friends, or they can go to the web, which combines a lot of that together.

Brad: Their phone.

Dr. Harness: Absolutely.

Brad: Immediately.

Dr. Harness: How are you discovering….So, I back up into, let’s say, my generation; and I wanted to know…

Brad: He’s not a millennial, by the way, even though he looks it.

Dr. Harness: I’m not a millennial, surprise. I wanted to know what a good dentist was. I’d go to the Yellow Pages. It’s a totally, totally different environment. And I had no feedback as to whether this was a good dentist or not.

Brad: They put those in their car now, to teach their kids how to drive.

Dr. Harness: That’s right. So, today I have the incredible ability to share; sometimes among strangers; share information to provide instantaneous feedback on, normally it’s the tales of the distribution, the ups and the downs of an experience. So I get to share with others; does this make sense or does this not make sense. One of the cool things as advisors today; people are rating us. We are being rated online. People are going to the market to say; ‘do business with this person or don’t do business with this person.’

Brad: And it’s happening in every business.

Dr. Harness: It is. Absolutely. So, to have a footprint out there; I think having user driven content is important as well. So, let’s say financial services…

Brad: Especially when it’s associated with your brand.

Robert: I love that term; user driven.

Brad: Because on of the things we always preach to our clients is, it’s about them, it’s not about you.

Dr. Harness: Absolutely.

Brad: And especially in the millennials, correct?

Dr. Harness: Well, the terminology that you use. So the terminology that we use in financial services can be acronyms. It can be shorthand information. We talk about things; I’ll give you the example; this was in Texas; I said stock to somebody, and they thought I was talking about cattle.

Brad: Cattle, of course.

Dr. Harness: It’s a different animal. So being able to have user driven content, to where they are using the key search terms in a way that they think of what it is that you do. So that when the average user comes in and starts to Google or find out information about you, you don’t know what all those search terms are. They do; let them drive some of that.

Brad: That’s making that deeper connection.

Robert: Talk about, what is it that millennials value? Number one, we know, experiences.

Dr. Harness: They’re socially conscious. So socially conscious investing in the financial realm is very important to them. They also value, you hit on the head right there, is experiences. Experiences are critical. So the question becomes how do we help them get to those experiences without breaking the bank in the process. So they don’t spend all of their assets. I think part of it is driving the experience of doing business with us. So I go to the dentist today; I keep going back to the medical analogies, but I think they’re good. I go to the dentist today. Used to, when I’d go to the dentist, it was the worst experience ever; I mean it’s going to be uncomfortable; there’s nothing I can do about that. They ease it by, my dentist has a window I can see into the forest that his building’s built up against. When I lean back I’ve got a TV on the ceiling. He’s making this environment comfortable for me. And I think we’ve got incredible opportunity with millennials to take the assets that we know that they need and overlay that with the experiences they want to have. And it may come down to reframing. Helping them to understand that I have this asset as a placeholder for your trip to Europe. And then what are you going to do when you go on that trip to Europe.

Brad: See, and in our world, the whole key is creating that experience, right there in the palm of their hands, online, with your brand. We help you create that experience online.

Robert: So, finally, take away here. If you’re in business and you’re not engaging in social media; your destiny is what?

Dr. Harness: You’re behind. You’re well behind today. I would argue that, especially in the financial realm, in business in general, you are going to be an unknown commodity in the future. People will not know how to find you. What are the touch points that they have to reach out and know who you are in a real way. If there is no presence; I went to find a lawn mower; somebody to mow my yard in College Station; and the person that I chose was the only person that had a website. I didn’t know who anyone else was, other than word of mouth. So this is the new word of mouth. It is the way in which we communicate.

Brad: It’s in all levels of business.

Dr. Harness: It is.

Brad: So don’t just take Robert and Brad’s word for it, listen to the Aggie, old Nathan. That’s our Clarity Digital Clip of the week.

Filed Under: Millennials, Social Media

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