Over years marketing adapted well
to changing times. From the Silent Generation and the Baby Boomers to Gen X and
Gen Y, every period in time has heralded its own marketing challenges. Even so,
the challenges posed by Gen Z to marketers are incomparable, as it is the first
‘digital native generation,’ a population that has never seen a world without
the Internet and digital technology. The denizens of Gen Z have integrated technology
seamlessly into their lives.
This necessarily means that any
company wanting to win today must make
full use of the Internet and the social media and must be digitally accessible
at all times.
But why is Gen Z so important
for marketers?
Well, for starters Gen Z represents
USD 44 billion in purchasing power, as reported by the “Uniquely Gen Z” study
conducted by the IBM Institute for Business Value. The Gen Z is a market of high but fickle
spenders with no strong brand loyalties, the study found. Seventy five per cent
of the people in the study said they spend more than half of what they get on
discretionary goodies. But ,what’s more significant is that 52 per cent of them
will hop from one brand to another without the slightest thought if they aren’t
happy, according to a report by the National Retail Federation, USA.
Secondly, the Gen Z population is
swelling rapidly around, led by India. By
the end of 2019, one in every three human on planet earth will be a Gen Z’er to
coin a phrase. A whopping 472 million of them will be in just one nation:
India. Thus connecting with this
influential group would continue to gain in importance for retailers and
businesses. But it is not so easy, especially keeping in mind the fact that Gen
Z has an attention span of just 8 seconds compared to the span of 12 seconds of
the millennials.
So how to connect when you
have only 8 seconds to gain attention?
Every person loves his or her
language and Gen Z is no exception. So you will have to:
Communicate in Gen Z language:
Gen Z is particularly adept at
using emojis, memes, animated GIFs and the visual medium. If you make proper
use of these elements in your marketing communication then you have a greater
chance of catching attention and sustaining it for the period of your
communication.
Be active on social media
It is no secret that Gen Z is an
active social media user. So marketers have to be present across various social
media channels. Remember, just churning out videos, article and blogs with
regularity will not do the trick as far as this generation is concerned. It is
an interactive generation, so you must be ready with pictures, reviews, polls,
comments, quizzes and user generated content. You must also respond to comments
and chats.
Focus more on mobile devices
Your website and marketing
messages must be optimized for mobile devices too. You could invest in a mobile app and/or take
advantage of mobile push notifications.
Why?
Because Gen Z is a multi-device
user. According to an IBM study, 66% of Gen Z often uses more than one device
at the same time. So, whatever you do it must give a seamless customer
experience across all devices.
Use the power of
personalization
Gen Z loves personalization. As
far as possible, personalize all your marketing efforts. It could be in the
form of SMS, tailor-made lists, a chance to create something for themselves or displaying
advertisements for products recently visited and this is sure to pay you rich
returns.
Does all this seem a tall order?
Do not let it faze you. We at Outsourced CMO would be more than happy to help
you connect with Gen Z.
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