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college students spending power Archives | MSSmedia

College Marketing and Advertising

College Marketing: Advertise on University Campuses

By | Buying Power of Millennials | 6 Comments

College students represent one of the most valuable target markets. While in school, they are making their own purchasing decisions for the first time, which makes them impressionable for brands. If businesses can connect with students early on, they can form brand loyalties that will continue for the rest of the consumer’s life.

It is an investment for brands to target this tech-savvy, educated and connected market. 64% of a student’s income is discretionary and they have an estimated $417 billion in spending power. Upon graduation, their incomes will be significantly higher and they can now afford to pay for additional products and services offered at a higher price point. Students spend the most of their money at food, beverage, entertainment and retail stores, but this doesn’t exclude other industries from successfully garnering the attention of college students.

To capture this coveted market, brands need to place themselves where students spend most of their time, which is on college campuses. Marketing on campus promotes brand engagement and this can be done by utilizing numerous tactics. For example, a business can advertise in the school newspaper, employ brand ambassadors, offer student discounts, host giveaways and much more. As a leading provider of campus outdoor advertising solutions and mobile geo-targeting opportunities on college and university campuses nationwide, MSSmedia specializes in connecting brands with college students. The company offers advertisers a variety of outdoor advertising formats to reach the niche campus market in conjunction with on campus activations and digital marketing.

To learn how MSSmedia’s campus advertising solutions can help your college campaign, visit MSSmedia.com.

Capturing Millennials at Music Festivals

By | DNA of Millennials | One Comment

Flower headbands, good music and fun in the sun mean festival season is here. This also means millennials will be flocking to different cities across the nation to see their favorite musical artists. It’s an opportune time for brands to court this market through activations, social sharing and more. One of the most popular festivals is Coachella and the WSJ called it an event, “filled with a marketer’s dream: throngs of influential, open-minded and ready-to-spend millennials with plenty of time to kill.” Festival schedules allow for significant down time, which gives people time to explore sponsored tents, brand experiences and share on social.

The audience at festivals has expanded beyond the physical attendees. People are tuning in on social media to see which celebrities and influencers are attending, what they’re wearing and more. To tap the marketing opportunity presented by these festivals, brands produce on and off-site activations for people at home to enjoy as well.

On-site activations give brands access to the vast amount of people attending. According to a 2015 survey, 78% of millennials would rather pay for an experience than goods. Therefore at festivals, brands want to provide the best experience for this target. Below are a few successful examples of experiential marketing at Coachella.

H&M

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The retail chain hosted a pop-up shop with a 360-degree desert scene backdrop. Guests could film instant Instagram worth video clips. A strong digital tie-in reaches not only those who came to the event, but the people following them online.

Tag Heuer

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The official watch of the festival hosted a tented lounge in the VIP area. Guests could sip on refreshments and buy the new watch, but the main purpose of the tent wasn’t to sell watches. It was for the brand to get to know their new customer better.

Calvin Klein

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Instead of trying to break through the noise of the crowded festival grounds, brands such as Calvin Klein take their experiences off-site. They hosted about 25 digital influencers at a hotel in Palm Springs as part of a three day “branded experience” to complement the festival. The event garnered more than one million engagements on Instagram and Twitter in less than 24 hours.