Proof of Concept: What It is and How to Do It Right
Before developing an idea into a product, there’s a crucial step that every business must take: executing a successful proof of concept. Learn more.
As a direct-to-consumer (D2C) business, one way to build business is to create a strategy to attract the attention of different generations. The latest generation to come of age is the centennials, aka Generation Z, born between 1997 and 2012. Today, they are ages 8 to 23. The older centennials are not only in the workforce; they also represent a large part of the consumer market. In fact, by the end of 2020, centennials will make up almost 40% of all consumers, while influencing about $4 billion in discretionary spending.
This explosion highlights how important it will be for your business to connect with this generation and stand out from your competition. Here are four ways to successfully market to centennials.
For centennials, quality dictates their brand loyalty, but a long-established brand, or even a large following, doesn’t necessarily build trust. This generation is fixated on their individuality, embrace diversity and love a tailored personal experience.
Rather than telling them how great your product or service is, you must show them. For example, bring a more authentic approach to testimonials by incorporating the real voices of your loyal customers on video, and then disseminate that video across your social channels and on the web. Another way is to tap into influencer marketing, where you find key leaders to represent the brand and inspire others. If you go the influencer route, be sure to keep close tabs on their activity to avoid any unexpected or embarrassing communications that may potentially hurt your brand.
Because centennials have always grown up with the internet and a smartphone, they have a hunger for educational and personal experiences. With millennials so into social media, it should come as no surprise that Gen Z is into social media, too. However, there are a few key differences in how to market to them.
Unlike millennials, Facebook isn’t as exciting for centennials. They love Instagram, YouTube, and Snapchat, so you can tailor your strategies, and their experiences, to these channels.
Because centennials grew up with technology, they expect instant feedback and results. That means answering their questions and finding them powerful solutions on their terms. Make sure they can directly communicate to you at all times, and that you are always present to answer their questions right away.
In their minds, if you aren’t present to answer their questions, you aren't dedicated and can’t be trusted. A high-quality product or service only gets you so far with this generation: They crave personalized attention and meaningful connections.
Amazon is a good example of providing a positive online experience. While you can get just about anything you want on Amazon, the buying process is enhanced with recommendations of other things to buy based on current or past purchases. Think of it as the candy and gum at the grocery checkout, and how tempting it is to buy something else just because it’s adjacent to paying for your groceries. Amazon also has live 24/7 chat and is known for meeting customer expectations through fast delivery and hassle-free returns.
Another example is Warby Parker, which has transformed and accessorized the eyeglasses experience. Whether it’s their high-level, in-store customer service, or shipping you five different frames to choose from, Warby Parker offers a transparent journey for consumers. And, through their Buy-A-Pair, Give-A-Pair program, more than 5 million pairs of glasses have gone out to those in need. This level of sustainability is something centennials embrace.
Centennials are a more frugal generation, but they’re also more aware. They won’t deal with waste or excess. That means your brand must be direct and plugged into social issues, and demonstrate that you genuinely care about social issues in order to get centennials on board.
Google is the largest corporate renewable energy provider in the world, gives grants to passionate and committed social media initiatives, and provides employee gift matching and paid time off to volunteer. Another example is Disney, whose social mission is to strengthen communities “by providing hope, happiness, and comfort to kids and families who need it most.” They've done this by giving more than $332.8 million in 2018 to nonprofit organizations helping kids, families, and communities, donating over 61 million books to schools and children since 2012, and reaching a five-year global commitment in 2018 to spend $100 million to help reimagine the patient journey in children’s hospitals.
With centennials so into individuality, personal experiences, trust, and instant communication and feedback, you must find a good balance between establishing an emotional connection, creating compelling content and demonstrating a strong community.
Connecting to centennials and getting their business can be challenging, but it’s necessary for survival. As you move forward, tap into these four marketing strategies so that you can build your brand and grow your business.
Last updated on August 16th, 2022.