Millenial Consumer's Perception
Millenial Consumer's Perception
Millenial Consumer's Perception
11229/researchdirections/May19/71
ISSN NO – 2321-5488 UGC Journal. No. 45489 Impact Factor – 5.11
Vol: 7 Issue: 1 May 2019
MILLENNIAL CONSUMER’S PERCEPTION TOWARDS MEMES MARKETING
Abstract
In modern times, social media is playing a momentous role in endorsing a product or a brand.
Memes marketing is an innovative and extravagant form of social media advertising that is being
presently focused on by several businesses. This study has been steered among the millennial
consumers with an attempt to investigate if the independent variables like gender and
educational qualification have an impact on the perception towards memes marketing, followed
by purchasing behavior and business social media page following. This is a descriptive study
that used convenience sampling technique to collect primary data from 217 respondents using a
structured questionnaire. Statistical tools including Mann–Whitney U test, Kruskal-Wallis test
and Percentage analysis have been deployed to report the major findings. The outcomes of this
study would support businesses in computing the impact of Memes marketing among the
millennial consumers and formulate appropriate strategic advertising plans on social media
platform.
Introduction
In the modern days, the usage of social media has increased due to newest development
of technology and availability of low-priced smart phones. Around 3 billion people in the world
are involved in social media usage every month (Global digital report, 2018). Hence, the
marketers have to deploy effective social media marketing strategy to attract consumers through
the social media platforms. Marketing through social media channel is one of the most lucrative
and effective way to disseminate marketing information among all the age groups, particularly
the young people. Memes marketing is a new form of social media advertising which several
businesses have started using to attract consumers.
Meme can be defined as an idea, behavior, style, or usage that spreads from person to
person within a culture (Merriam Webster) and it can be in the form of images, videos or GIF
that can be used as a marketing instrument in social media. Meme accounts in social media help
in driving brand awareness and have better return on investment compared to influencers and it’s
sufficient to pay them much lesser compared to influencers (Southern, 2018).
Millennial can be defined as a person reaching young adulthood in the early 21st century
(OxfordDictionaries.com) who is the most active social media user as indicated by numerous
By 2020, millennial will constitute 36% of India’s population, 61% of the country’s web
users & 78% of its online shoppers (Morgan Stanley, 2017). Hence, it is essential to study the
perception of millennials towards meme marketing and accordingly the advertising and
marketing stratagems can be scheduled.
Research Methodology
The study is of descriptive nature, convenience sampling technique was used. Data
collected from 217 millennial respondents from various socio-demographic backgrounds.
Cronbach’s alpha reliability coefficient for questionnaire: 0.73.
Statistical tools: Frequency, Percentage, Mann-Whitney U Test and Kruskal Wallis Test.
In all analysis, P < 0.05 was considered to be significant.
Summary of Findings
Table 1.1: Socio-demographic information of respondents
Socio-demographic variables Frequency Percent
Male 146 67.3
Gender Female 71 32.7
Total 217 100
Between 23-28 Years 134 61.8
Age Between 29-33 Years 62 28.6
Between 34-38 Years 21 9.7
Objective 1.1: To identify the general perception of millennial consumers towards Meme
advertisements.
Around 90% of respondents usually had a love for memes, 82% of consumers believed
memes form of advertisements can be an effective advertising strategy, precisely 82% of
respondents felt memes form of advertising was attractive and around 65% responded that meme
advertisements have the ability to convey the message of marketer clearly. Roughly, 53% of
consumers think meme advertisement does not have influence on their purchasing decision
whereas 76% of respondents strongly believe the meme advertisement without careful drafting
can have negative impact on its own brand image, only 32.3% of respondents have shared meme
advertisements on their social media platform and 24.9% of participants are following
company/brand/product’s social media page after being impressed by its meme advertisement.
Test Statistics
Mann-
Whitney 5173.500 4883.500 4980.500
U
Wilcoxon
7729.500 7439.500 7536.500
W
Z -.033 -1.038 -.565
Asymp.
Sig. (2- .974 .299 .572
tailed)
This table shows the actual significance value of the test. Specifically, the Test Statistics table
provides the test statistic, U statistic, as well as the asymptotic significance (2-tailed) p-value.
With question no 10, 11 and 12 there was no statistically significant difference between male and
female.
There was statistically significant difference with Question 10 (Mean rank score between
the different Educational Qualification, χ2(4) = 14.30., p = 0.006).
There was no statistically significant difference with Question 11 (Mean rank score
between the different Educational Qualification, χ2(4) = 9.26, p = 0.055) and Question 12 (Mean
rank score between the different Educational Qualification, χ2(4) = 6.29, p = 0.179).
Test Statisticsa
16. Are you following any
15. Have you ever
company/product/brand’s
shared Meme
social media page after being
advertisements on your
impressed by its Meme
social media platform?
advertisement?
Mann-Whitney U 4868.000 5147.000
Wilcoxon W 15599.000 7703.000
Z -.897 -.111
Asymp. Sig. (2-tailed) .370 .912
a. Grouping Variable: 2) Gender
With Question 15 and Question 16 there was no statistically significant difference between
male and female.