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| Learn the values of your millennial audience |
As a millennial, I resonate better with brands that know and support my values. I love when a brand is socially responsible or if they collaborate with a good cause. I then become more apt to buy products from them because we share the same values.
Collaboration marketing is a great way to reach the values
of the millennial audience. Marketing Donut defines collaboration marketing as the co-creation of products, marketing
campaigns or on-pack promotions between two or more businesses. Essentially a
business can get together with another brand to promote each other and share
each other’s products to expand their own reach.
You might ask: why is this good for the millennial audience?
St. Joseph Communications released a study that stated 50% of millennials in
the U.S. said that the brands they use say something about who they are, what
their values are and where they fit in. They also found out that 48% of
millennials try to use the brands of companies that are active in supporting
social causes.
What to do:
Figure out what the values
of your millennial target audience are and use those values to create a collaborative
marketing strategy. Make sure you have a clear idea of what you want to achieve
and develop your campaign from there. Finding out the core values of your
audience will allow you to find the perfect match for collaboration. In turn, your brands reach will grow and the millennial audience will resonate with your
brand because your values match.
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| Collaborate with a brand that makes sense |
Make sure you stay true to your brand. Don’t create a
collaborative marketing campaign with a business or charity that doesn’t make
sense to your brand. Why? You guessed it- it won’t make sense to your
audience either. Make sure your co-collaborator matches your brands values or
has a common cause. That will create a complementary relationship and will help
you to achieve success
in your collaboration marketing campaign.
