Peer to Peer Marketing
Millennials, Gen Zedders, The Youth – call them what you will, this target audience can throw up confusion and bewilderment as brands struggles to contemplate how to engage them. This is where peer to peer marketing helps to navigate this complex question.
With over 2.75 million students in the UK making up roughly 50% of all 18-22 year olds, this upwardly mobile, influential audience gives you a group that is easier to digest, concentrated to engage and therefore poses a huge opportunity for brands to effectively engage.
Keep reading to find out exactly why students are the perfect gateway to engaging youth.
Well Connected
Students love to be constantly connected and posting on their social channels with 74% of millennials and Generation Zedders in the UK interacting with each other digitally more than they do in the real world(1).
By living in dense social communities both online and on the ground, it means brands and products can get traction quicker than they would if targeting wider society.
Our client Tinder used this to great effect as they initially launched their app on American college campuses and through student marketing experienced their avalanche moment when it caught on like wildfire amongst the fraternities and sororities.
Got Sway
Being a part of the ‘student bubble’ means students easily influence and become influenced by their peers, as well as wider society, particularly when it comes to tech and innovation.
Peer to peer marketing offers a way to target young adults in their most formative time is proven to be crucial, whilst their personas, loyalties and habits are being built and shaped.
With 83% of millennials trusting recommendations by friends and family(2), influential peer-to-peer student marketing provides a catalyst for students proving that validation from their peers is important to them.
Thrill Seekers
Students are constantly seeking fun and excitement, and attribute social and monetary value to unique and authentic experiences.
They also want to be seen as ‘in the know’ about the latest events and experiences amongst their peers.
Not only are they building social currency but reinforcing FOMO amongst their peers and offering real authentic reach for the content
This is shown in how 72% of millennials prefer to spend more money on experiences than on material things(3).
Head over to most student's Instagram feed and you’ll find images of their holidays, festivals and restaurant meals, as opposed to cars, clothes and flashy items.
Working It
When you think student you may think lazy, unmotivated baked bean eating loafers – you couldn’t be more wrong! Students are now more hard-working than ever.
With the most challenging environment that any student has had to face from rising debt, global uncertainty and job opportunities at a premium, our audience know they need to go out and grab life by the horns.
From these ashes has risen Student 2.0, whose highly ambitious natures mean they are studying harder, completing more internships, and using the best tech to optimise every moment.
Healthy bodies equal healthy minds too which has resulted in Students pushing it harder with health and fitness.
Students are now spending on average £120 a month in this area(4)!
You Only Live Once
As a result of increasing uni fees and debt, rising price of living and an out-of-reach market for first time buyers, students have taken on a ‘You Only Live Once’ attitude towards spending.
For a brand, the value is real with International students alone generating a total of £25.8 billion in gross output through on and off campus spending(5).
Travel has also taken a very pivotal role with this ‘in the moment’ approach to spending with our recent research What Matters To Us showing that 9/10 students plan to take a trip abroad this year.
Scenesters
Some things never change and students still continue to love to operate in tightly knit and intertwined social groups, proving their strong desire to belong.
Socialising was recently highlighted as the 3rd highest expenditure(6) following rent and food, and it’s the connections made and social statuses established through these groups, it offers distinct channels into engaging influential campus communities.
When peer to peer marketing focusses on reaching out to like mind communities and societies, it offers the perfect opportunity to speak ‘one to many’ rather than ‘one to a few’ each which similar aspirations, beliefs and desires.
Contact us today to find out how we can use our wealth of knowledge, insight and experience on the student market to help make your brand synonymous with the student lifestyle.
(1) https://www.independent.co.uk/life-style/gadgets-and-tech/news/millennials-generation-z-smartphone-habits-apps-communications-real-life-a8008641.html
(3) https://www.entrepreneur.com/article/294163
(4) https://www.savethestudent.org/money/student-budgeting/what-do-students-spend-their-money-on.html
(5) https://www.timeshighereducation.com/news/universities-generate-ps95-billion-uk-economy
(6) https://www.savethestudent.org/money/student-money-survey-2018.html
