Loading...
0 view(s)
5 min read
Generation Z, born after 1995, will account for over 30 percent of UK and European consumers by 2020 and already represent £25bn in spending power in the US.
They’re a challenging market. They’re skeptical, attuned to social media probably far more than you are, have short attention span, and know how to find information, which means that they're resilient to your sales pitch.
One way to reach them is through experiential marketing.
Gen Z are hard to reach precisely because the classic AIDA model no longer applies to them. Classic marketing taught that individuals could be hooked through Attention, Desire, Interest, and Awareness.
The AIDA model appealed to the linear mindset of a pre- digital tech age, but Gen Z opened their eyes in a period awash with ipads, ipods, tablets and smartphones, which, according to many neuroscientists, may physically alter their minds.
Kit Yarrow and Jayne O'Donnell of GenBuy, write that social media zaps attention, increases the desire for instant gratification and makes Gen Z ignore irrelevant data. Previous generations could fall for traditional B2B pitches, but Gen Z live in a different period and have to be marketed to accordingly.
Experiential marketing works because it appeals to the Gen Z spontaneous and freedom-loving character by stressing the collaboration and adventure of the marketing experience. It involves them, wins their trust, and gives them the social interaction that Gen Z love.
Just because Generation Z disdain traditional advertising, doesn’t mean they aren’t brand-savvy. Gen Z are just as attracted as previous generations to labels, image, and brand messages, but Eventbrite showed that 69% of Gen Z experience something the organization called Fear of Missing Out (FOMO).
They understand that things break, but experiences linger forever - and they want the labels and brands together with experiences.
They want to relate more, live more, learn more, become better and expanded people through interacting with the world around them.
It is no surprise that recent studies showed that 78% of Gen Z are more inclined to become part of a brand if they interact with it. Or that almost eight out of ten Gen Z say some of their best memories come from experiences. Or, for that matter, that many of the top 50 brands for Gen Z use experiential marketing.
This type of marketing hooks Gen Z because it satisfies their lifestyle. The interaction gives them a sense of adventure that they can dip into and merge with. It makes them part of the process, from design to delivery.
Experiential campaigns work because millennials want to be a part of it all, not passive recipients. They touch, taste, eat the product – and like it more.
In the era of the ‘selfie’ and FaceBook, it is also clear that Gen Z want to share their experiences with others on social media. This is great for you because it gives you free ambassadors who relay your band to others.
Experiential marketing can be one of your cheapest strategies, yet.
Here’s Why Experiential Marketing Succeeds
Just because Generation Z disdain traditional advertising, doesn’t mean they aren’t brand-savvy. Gen Z are just as attracted as previous generations to labels, image, and brand messages, but Eventbrite showed that 69% of Gen Z experience something the organization called Fear of Missing Out (FOMO).
They understand that things break, but experiences linger forever - and they want the labels and brands together with experiences.
They want to relate more, live more, learn more, become better and expanded people through interacting with the world around them.
It is no surprise that recent studies showed that 78% of Gen Z are more inclined to become part of a brand if they interact with it. Or that almost eight out of ten Gen Z say some of their best memories come from experiences. Or, for that matter, that many of the top 50 brands for Gen Z use experiential marketing.
This type of marketing hooks Gen Z because it satisfies their lifestyle. The interaction gives them a sense of adventure that they can dip into and merge with. It makes them part of the process, from design to delivery.
Experiential campaigns work because millennials want to be a part of it all, not passive recipients. They touch, taste, eat the product – and like it more.
In the era of the ‘selfie’ and FaceBook, it is also clear that Gen Z want to share their experiences with others on social media. This is great for you because it gives you free ambassadors who relay your band to others.
Experiential marketing can be one of your cheapest strategies, yet.