millennial-apartment-marketing.jpgA few days ago, I was catching up on my reading and downloaded a white paper from one of the many marketing vendors in multifamily housing. As with so many of these, the paper purported to unlock the secrets of marketing to millennials. I’m always a bit skeptical of these sorts of buzzword-laden attempts to claim that somehow this strange beast, homo millennius, is a completely different offshoot from the rest of homo sapiens and thus needs special care and attention.

The paper started with some basic facts that seemed reasonable, though hardly differentiating. For example, Milliennials have been slower to marry than earlier generations. A true statement that means they will probably be renters longer than prior generations; but it hardly seems to indicate that we need to do something different in marketing to them than everyone else.

Then there’s the fact that they grew up digital natives. Okay, but the notion stated in this paper that this means “They expect on-demand processes, instant gratification, immediate access to information, …” doesn’t sound any different than what my wife and I (right on the edge between Baby Boomers and Gen X) expect. Again, a true statement, but hardly a differentiating thing for marketers to treat them differently.

The paper goes on to give three specific prescriptions for marketing to Millennials

I suspected some of the above is useful advice and some may be more hype than reality, but what do I know? I’m too old to be sure I understand what Millennials want. So I sent the paper to the D2 Demand Solutions Millennial Focus Group…well, really just my 23-year old daughter who actually rents an apartment in Highland Park, New Jersey. While admittedly a data set of only 1, I thought her reactions were quite interesting. So here they are, reprinted with her permission.

hmmmmm.

Ok we don't actually want videos. Yeah, millennials like videos but not about our apartments? We like Buzzfeed videos. We do not expect Buzzfeed videos from apartment companies, and if they attempt that, it feels like a parent who's trying to be cool and just isn't. We are also not going to post anything about apartment companies on social media. The only good use of video I can think of would be a video tour of what the apartments and amenities look like.

Well okay one kind of cool use for video I can think of is this but it would take a lot of effort. Millennials really like "behind the scenes" type stuff. So, maybe if the apartment was doing some sort of renovation like adding a gym or something like that, you could make a little documentary video of the progress of the renovation, little interviews with the managers and the builders, some time lapses of people working, that sort of thing. That would be pretty cool, if it had a high enough production value.

We do like pictures. Having pictures of your units, and also floor plans, is good bc then we can imagine ourselves living there. I think this is a pretty universal thing though.

This is what millennials really want:

I’m sure this doesn’t represent what every Millennial wants or does, and I’m equally sure we can poke some holes in the above. But there you have it…one Millennial’s raw feedback on what we really should care about. And just as the HBR article I blogged on a couple of years ago, a lot of it sounds like things Boomers and Gen Xers want as well.