🤔 REAL TALK: Gen Z, Gen Alpha.
Brands spend a lot of time and money on strategies to skew younger and attract Gen Z and Gen Alpha audiences. But, what if they’re going the wrong way?
I loved this article by ADWEEK and Julie Alvin that dives into how brands are missing out on 💵 💵 💵 by overlooking women 40+, who control 70-80% of all consumer purchases with $15 trillion in U.S. spending power. Despite this, less than 10% of marketing budgets target this demographic.
“But what if brands rethought their approach (or lack of approach) to these audiences? What if they examined the fallacy that elder millennial and Gen X women have limited influence, unremarkable spending power, and entrenched brand preferences and, therefore, are no longer worth marketing to—and instead realized that we are among the most valuable audiences out there? These women are entering key spending categories later in life. They are extremely influential culturally and financially, and they are largely ignored by marketers—leaving a huge opportunity for the consumer brands that are smart enough to pay attention to them.”
What do you think? Tag any brands that you think are doing a good job with this group in the comments – I’d love to know!
#millennial #marketing #PR
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6moFor decades brands have focused on a younger demographic thinking that is the formula for long term growth, and while stage of life is important, in this world of 1:1 marketing psychographics are what matters most.