Millennials are incredibly brand-centric. For them, brands have become a lifestyle. They represent more than simple names and products. They represent the essence and expressions and attitudes of this generation. It is a growing paradigm that is further catalyzing and characterizing the very human nature that brands are taking on as they humanize themselves.
Social media, and especially Facebook, is propelling the brand into a dynamic that is truly unprecedented. From their own Facebook pages, along with the vastly emerging page abilities, and on-going attempt at the brandification of your social presence, Facebook has brought the brand to the epicentre of our lives. Something of which has been realized and taken on by many brands from the earliest days of Facebook.
Facebook itself from its earliest days has been a Millennial thing. Even now it’s something that is still dominated by the youth segment of society with 61% of U.S. and 67% of Canadian users falling under the age of 34. Now, once you step back and take a look at the overall picture, you have Millennial demographic, in the midst of taking over the lucrative 18-34 year-olds market segment, combined with the concoction of brands on Facebook and you have yourself something that appears to be awe-inspiring. Or so it seems.
A recent report conducted by L2, know as the “Gen-Y Affluents: Media Survey”, further emphasized the increasing importance the digital and social media worlds will have on your brand and further brand success. And though I won’t dive into the complete vastness of the report itself, I want to look at something quite specific. Particularly, the brand wants Millennials have and how they equate and reciprocate to Facebook “likes”, which have become an element of rising significance.
The graph above and below clearly represent a series of “last prestige brand purchased” and “prestige brands aspired to own” by Millennials. They will represent the brands. Further, we’ll make a series of assumptive points for this context. Based on the numbers above, we’ll say that those 1-34 year-olds represent 60% of the Facebook user-base, something which is particularly low in any context. And lastly, the L2 report represents the U.S. Millennial, something we’ll simply come to represent Millennials themselves.
After you begin to look at the brands provided and start to search for the number of brands “likes” you begin to realize a few things. Firstly, Apple is clearly a favorite in all aspects of each graph and their iTunes page is the only one to break into over 10 million mark of all the brands presented. However, fascinatingly, there is no actual Apple Facebook page. Secondly, other than the iTunes page that makes it into the Top 100 Facebook pages, the rest of the brands don’t appear until a few hundred pages later in the rankings and only appear at page “likes” under 5 million with some of these prestige brands only have a few hundred thousand likes.
Now, any of these numbers would be more than flattering for anyone. Who wouldn’t want a few hundred thousands likes in the brand world? But with the Facebook savvy and brand-centric Millennials, who dominate one segment and will dominate the next, one has to wonder if Facebook “likes” at all represent the wants of customers, consumers and Millennials alike.
Don’t get me wrong here, I’m clearly taking a very assumptive approach, as I stated above. Equally, we’re only dealing with “prestige” brands here, 0f which many Millennials believe they will actually have. But, it’s something that discounts the “every day” brands such as Coca-Cola and Starbucks who continue to exhibit great social success. Though, even then, the correlation between the brand and Facebook is lukewarm at best. And to answer the purpose of this article, it seems that in fact Millennial brand wants do not equate to Facebook likes. At least for the time being.
Much of this can be attributed to a variety of reasons. Most immediately, the fact that a vast majority of brand-relationships begin and end with the action of the “like”. Furthermore, there is no overall benefit to liking anything even if does let your friends know something about you as each “like” gets lost in a growing sea of likes. Equally, Facebook’s minimal platform has often resulted in the same haphazard minimal brand approach. And though pages are being liked they do not represent anything near in scale to the power of Facebook and the Millennials that base their life around it.
By no means is any of this easy to comprehend. Nor simple to implement. But it should provide some clarification into the world of the Millennials and their branded experience. However, if Millennial brands don’t equal Facebook “likes”, maybe the “likes” themselves are a view into Millennial wants. In any case, it’s a brand and social paradigm that will need and get more attention as time goes on. Most of which will ultimately refine itself through the evolution of our social graphs.

















