How to Reach Gen Z with Targeted Influencer Marketing
In 2019, Gen Z makes up 32% of the global population. By 2020, it is estimated that the age group will form 40% of all EU, US and BRIC consumers, with an estimated ‘soft’ spend of $5 trillion globally per year.As the spending power and influence of this demographic continues to grow at breakneck speed, brands must adapt their communications and sales strategies to remain relevant for this audience in an ever-changing retail landscape.As digital natives, fluent in rapid information gathering, Gen Z process information in a completely new way; primarily through digital platforms. They demand originality, creativity, transparency, accountability and most importantly, authenticity. The stakes for retailers are high – with the consequences of getting it wrong costly and immediately felt. Whilst a handful of retailers are nailing their influencer marketing strategy with an Instagram digital-first approach (the recent launch of Glossier Play is a brilliant example), the vast majority are still falling at the first hurdle. Gone are the days of celebrity-fronted campaigns, where brands default to transmitting their message through the voice of A-List talent. Today, the most successful companies tapping into the mindset of Gen Z are those who engage their customers in the conversation, with personalised and targeted content they can identify and converse with. Here’s how brands can give Gen Z a reason to ‘belong’, rather than simply ‘buy’ through targeted influencer marketing.