Ypulse Essentials: Shopping With Social Media, Kindle Fire Steals Market Share, Teens Take On Twitter

PinterestPinterest is growing rapidly and has quickly become the #5 social network (in terms of driving retail traffic, behind Facebook, YouTube, Twitter, and Yahoo!, and ahead of Google+. It makes sense considering the site’s large female following and the clever way it allows users to display items for sale. Speaking of shopping, half of Millennials are more trusting of recommendations from strangers than they are of those from friends and family. They believe that user reviews posted online represent a more honest and genuine opinion. Some savvy retailers are experimenting with how they can use this to their advantage; for example, Urban Outfitters is using photos of outfits submitted by customers in its marketing) (SocialTimes) (Portfolio)

- The holidays made a big difference in the tablet market (thanks to the Kindle Fire’s introduction in November. It’s quickly taken a huge share of market from the Samsung Galaxy Tab. Even more likely to raise eyebrows: the Fire drives 2.5 times as many paid downloads as the Galaxy Tab) (Giga Om)

- The teen Twitter-verse has been steadily growing (as more and more young people flock to the network. They’re finding that Facebook is crowded with their parents, grandparents, brands, and just about every other person they know, and are using Twitter as a sort of filter to connect with their friends away from the prying eyes of their family. Twitter also gives them some anonymity because it doesn’t require real names. They’re not leaving Facebook just yet, but they’re making more use of other social networks) (HuffPo) (ReadWriteWeb)

- There’s no denying Millennials’ influence on culture (even foodie culture. Their heightened interest in ecological issues is pushing the “ethical eating” trend; their global awareness and cultural diversity leads them into the…

 
 
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Millennial News Feed

Quote of the Day: “To get ideas for what to buy others for the holidays, I browsed gift ideas online and thought about what they needed.” -Female, 24, MD

Quiz game Trivia Crack is winning the hearts of Millennials as it soars to the top of App Store charts. The game is gaining popularity around the world, especially on school and college campuses, resulting in 100 million users and a steady 800,000 daily downloads. The set up of the game is basic but addictive: the user spins a colorful wheel and then answers questions from one of six classic quiz categories. Users can challenge friends on Facebook, but what really sets the app apart is that players can submit their own questions to contribute to the game, keeping the question pool “new and relevant.” In Argentina, where Trivia Crack launched, the app is also available as a board game and a TV game show is now airing. (TechCrunch)

Millennials may actually care more for their cars than previously assumed. A new MTV study revealed that of those 18-34-year-olds who drive, 72% said they would rather give up texting for a week than their car, and 80% of Millennials get around most often by car versus other transportation forms. The study does, however, contradict previous findings that indicate Millennials care less about cars than previous generations. Regardless, if automakers, dealers, and ad agencies want to successfully appeal to Millennials, they must do so very thoughtfully: over 80% believe buying or leasing a car should take less time, and 87% say the buying process should be more transparent. (Detroit News)

Smart technology and integrated design in homes are one of the big trends predicted to take off in 2015, and are increasingly important for Millennial consumers, who are adopting it more quickly than previous generations. 57% said smart technology is a good investment, versus only 35% of those 55 and older, and 64% of those under 35 believe that smart technology makes their home safer and enjoyable. For this generation of homeowners, all aspects of the home could get a technological makeover, and unlocking doors or preheating ovens with smartphones could become a “new norm.” (Boston Globe)

Legacy retailers having a hard time taking advantage of social media might want to take notes from Lilly Pulitzer. The brand has embraced social platforms and created campaigns that engage followers while driving e-commerce sales. The “Lilly 5x5” Instagram and Pinterest campaign gets much of the credit for their success. Five days week, a new print designed by Lilly Pulitzer’s in-house artists is released on the brand's social media platforms. This strategy has doubled their Pinterest following and almost quadrupled their number of Instagram followers, while providing the brand with data on what designs resonate most with fans. The brand has taken the most popular prints and used them in stores, and last November created a shoppable catalogue on Instagram using the designs. (Digiday)

Snapchat will soon be filled with more than disappearing selfies. The app announced today that they will offer users original editorial content from media sources like ESPN, CNN, Net Geo, and Vice. The feature, called Discover, allows users to browse video, photo, and written content that publishers have created specifically for the app. The new feature comes at a time when traditional media companies are experimenting with new platforms to reach younger readers. As Snapchat is reportedly thriving, specifically with those under 25, this could be a great opportunity for both publishers as well as brands, who will be able to advertise on the Discover feed. (New York Times)

Exactly how much are Millennials spending every day…and what are they buying? Our tracked data trends have all the stats on that, thanks to our bi-weekly survey of 1000 14-32-year-old Millennials nationwide. Our Silver and Gold subscribers get access to regularly updated charts following average daily spend and items purchased, with spending broken out by age and gender. We do the heavy data lifting for you, and we’re constantly adding new data to our trends. (Ypulse)

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