9 Tips: How Financial Services Brands Can Reach Millennials

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Baby Boomers are no longer the largest generation in American history. That title’s been taken over by Millennials. And titles aren’t the only thing Millennials are capturing: they have the attention of marketing departments in every industry. However, this segment – which represents 20% of the population and over $200 billion in annual buying power – is far from an easy sell.

To be effective, brands must not only find the right messaging, but also choose the most effective channels. Understanding the channels – and how Millennials use each one – can help brands turn the challenge of targeting this segment into an opportunity. And so we’ve developed a tip sheet specifically for financial services that addresses how to reach Millennials across a number of marketing channels.

You may find some surprises in it. For example, as savvy as Millennials are with technology (they are 2.5 times more likely to be early adopters of new digital platforms), a huge percentage – 92%! – are influenced by direct mail.

Want to know more? Here’s the tip sheet: “9 Tips for Reaching Millennials.” PDF Tip Sheet: Choosing the right financial services marketing channels to reach Millennials

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Koho is another reminder to financial institutions that the next generation of bank customers is putting them on notice: innovation, a unique hook and an interesting approach to marketing are essential to capture the attention of Millennials and win their business. Banks that sit on the sidelines may see a generation of customers pass them by.