An AIMIA event last week, Getting Inside Gen Y, tackled how marketers can connect with Generation Y in this age of rapid change and information. It raised some interesting viewpoints and also sparked an interesting debate. Here’s a little food for thought from Emily Birch – Client Services Director, Digital Marketing.
Who are Gen Y?
According to OzTam, people born between 1976 and 1990 are officially ‘Gen Y’. This opens up a conundrum for brands trying to connect to these folks, as a 19 and 32 year old are likely to have different lifestyles, interests and desires. One approach offered was to segment Gen Y into the life stages of high school, university and blue collar, however from my perspective this seems a little too broad and out of date – Gen Y have grown up and left high school!
Do we really need to segment or categorise Gen Y? The beauty of social media is that it provides an opportunity for marketers to observe people’s behaviour to gain insights. Does it then matter if a person who loves Burton snowboards is 19 or 40 years old?
Future of Facebook
Facebook’s phenomenal success (currently over 6.9 million members in Australia and growing daily) has allowed marketers to reinvent their digital marketing strategies. With the Facebook Connect API, brands can engage with niche audiences who pass messages by word of mouth via functionally like automatic wall posts when they become a brand fan, or interact with pages or applications. In addition, the competitive CPCs on advertising make Facebook an attractive channel for brands wanting to target specific audiences.
There is some evidence out there to suggest that Gen Y are starting to lose interest in Facebook due to information overload and, let’s face it, when mum ‘pokes’ you it’s game over! Inside Facebook has reported that over 30% of members are over 35 years old and this demographic has the highest growth rate.
Gen Y Consumes 36 Hours of Media Each Day
This statistic is extreme (although the source was not revealed!). Assuming the younger generation still has to sleep to stay alive and the world still operates based on 24 hrs in day, Gen Ys are seriously multi-tasking and consuming media from multiple channels concurrently.
As I almost qualify as a Gen Y, I measured by own media consumption on Friday last week and calculated a total of 19.5 hrs (combination of iTunes, radio, Internet, TV and mobile phone). I work in the digital industry and still don’t make it close to your average Gen Y.
Is 36 hours a day of media consumption sustainable? Fast forward 10 years and I think there is going to be a shift in behaviour, with Gen Ys starting to seek a more simplistic lifestyle. Brands will need to be ready for a shift from generation ‘wired’ to generation ‘chilled’.
In summary, to understand Gen Y (or any generation) we need to observe people’s behaviour in social spaces, listen to what they are saying and develop insights that brands can use to provide relevant content or tools that truly add value to people – whether to entertain, simplify life or to educate. People are cramming their waking hours with information from multiple media sources, so brands need to focus on cutting through all this noise to build engaging, on-going and trusted relationships.
How many hours a day do you spend consuming media – are you ‘Gen Wired’?
Follow Emily on Twitter: @toadstuff






