Thursday, July 28, 2016
Week 3 EOC - My Demographics
Millennials market makes up almost thirty percent of the adult
population in the United States. This group is the most educated, diverse,
and technology-proficient generation ever. Most of their media consumption is
online, including reading news and watching television shows. Millennials have
formidable purchasing power, but they distrust advertising and are more likely
to listen to their peers regarding product decisions. This group also
considers social issues such as sustainability, human rights, and fair trade
before making a purchase. Brands like TOMS Shoes and Warby Parker appeal to
this group because they offer social value and align their brands with a higher
purpose. These brands also invite participation and co-creation, both of which
appeal to Millennials. I am Millennial and it really does relate to me, all
of it. I am very tech proficient. The only television that I watch is online
which is Netflix. It's so much easier. I have it on my laptop and on my phone
and on my Apple Tv. We millennials like things easy as it is with technology
now a day. We love buying online, but we still overthink it since we don't like
wasting money on stuff that is not worth it. But
most of the time we waste our money in things we don’t really need. We are lazy
and big procrastinators.
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