Digital Marketing
In today’s age of digital marketing, reaching your target audience is more important than ever, especially when that audience consists of the newest generation to enter adulthood. Gen Zalpha, Gen Z plus Alpha, defined as those born in or after 2010, are almost entirely digital natives. Gen Z alone boasts a buying power worth an estimated $360 billion in disposable income. Generation Alpha is poised to have even more spending power.
If you want your messaging to reach this powerful group, it’s critical to understand how they consume advertising and what platforms they’re likely to spend time on. In this blog post, we’ll look at some key insights into Gen Zalpha consumers and discuss key strategies for adapting your ad campaigns accordingly so you can better leverage their immense potential.
What Is Generation Zalpha?
Generation Zalpha (Gen Z and Gen Alpha) is the newest cohort of digital natives. Born between 2005 and 2020, they are growing up in a world that is increasingly interconnected and reliant on technology. They’ve come of age with the proliferation of smartphones and other devices, making them highly tech-savvy and adept at navigating social media, streaming services, and eCommerce sites.
Unlike other generations that grew up with linear TV, Gen Zalpha consumes media through on-demand experiences such as YouTube and TikTok. They connect to their peers via social networks such as Instagram and Snapchat. Their lives are shaped by the forces of artificial intelligence (AI) and automation.
Gen Zalpha is distinct from previous generations in other ways, too. They’re more diverse and multicultural than their predecessors and highly aware of global events and social issues. They are also extremely conscious of the environment and are committed to actively protecting it.
Who is Zalpha’s buyer?
For Gen Z, they are the buyer. However for Generation Alpha, the buyer is not directly the generation themselves, but their parents. When an advertiser wants to sell a product to this generation, they have to target the parent first and foremost. Advertisers know that if a parent likes a product, it will be more likely the child will want it too.
Ultimately for Generation Alpha, it’s their parent’s attention that advertisers want in order to reach them. With the help of out-of-home advertising, advertisers can create campaigns that are tailored to both parents and children – helping them reach this key demographic in a way that’s effective, targeted, and appropriate.
What Social Media Channels Does Gen Zalpha Use the Most?
As mentioned earlier, Gen Zalpha is a very tech-savvy digital generation. Therefore, it’s no surprise they’re spending much of their time online on social media channels. The most popular social media platforms among the Gen Zalpha lot include:
Tik-Tok
Tik-Tok is the fastest-growing social media platform among Gen Zalpha users and has an estimated 1 billion monthly active users worldwide. This short video-sharing app allows users to share videos of up to 15 seconds.
The app appeals to this generation for its creative and interactive nature and wide range of content. Users can create videos, lip-sync to popular songs, and share their latest fashion trends or makeup looks.
Instagram has been around for many years and is a popular platform for Gen Zalpha. With its sleek user interface and easy-to-use features, users of all ages find it appealing.
The platform also has an array of content from different influencers, from fashion bloggers to entertainment stars. This makes it easy for young people to keep up with their favorite influencers and stay on top of the latest trends.
How to Get Gen Zalpha’s Attention With Your Ads
The key to reaching Gen Zalpha is understanding what resonates with them. The following strategies will help you craft ad campaigns that are tailored to their interests and needs:
Focus on Authenticity
Gen Zalpha values authenticity, so your ads need to reflect this. Showcase real people using your product or service instead of stock images or photoshopped models. Also, create relatable ads that evoke an emotional response with your audience.
Be Creative
Gen Zalpha is a very creative generation, so you need to stand out from the crowd with unique and innovative campaigns. Use bright colors and eye-catching visuals to grab their attention. Also, come up with clever taglines and engaging copy to capture their interest.
Create Experiences, Not Products
Rather than just telling your audience about your product or service, create experiences they can be part of. This could include interactive campaigns, virtual events, and unique offers to make them feel like a valued customer and a part of something much bigger.
Curate Your Ad Campaign for Gen Zalpha
Reaching Gen Zalpha requires a tailored approach. By focusing on authenticity, being creative, and creating experiences rather than just laying out products or services, you can effectively capture their attention and engage them with your ads. With the right strategy, you can create successful OOH ad campaigns paired with digital ads in order to appeal to this generation. Contact us today to learn how to capture Gen Zalpha’s attention and improve your brand.
Social media is having a moment…and not all in a positive light 😬 It’s been a volatile time for social platforms due to a variety of reasons, including rises of misinformation, personal data collection, and most recently, the drama surrounding Elon Musk’s takeover of Twitter. The blue bird (and corresponding checkmark) has suddenly taken on a different identity.
It’s safe to say that big brands took notice of these changes and started seeking more brand-safe advertising channels for growth. And it’s no coincidence that as the performance of digital ads took a dive, brands started shifting to out-of-home (OOH) as a practical advertising approach.
In Brand-Safe Advertising, Quality Matters
With digital marketing, there is little a brand or marketer can do to improve a brand-safe advertising environment. Since the medium is the message, the medium on which the advertising message appears affects the message.
The unsafe online environment is affecting people and brands more than ever. A report published by the UK-based Reuters Institute revealed worrying fatigue in news and other media consumption on the Internet. The study of over 93,000 respondents in over 46 markets globally concluded that more than half of people who consume content on TV, online news, messaging apps, social media, and search engines had lost faith in content-driven media and brands that advertise on them.
The same study found that more than 80% of consumers said they tend to trust brands that ‘do what is right’ and ‘associate with other brands that do good.’ Consumers prefer to buy from brands with whom they share values, particularly those that help tackle challenges society faces.
Advertising online and in digital media exposes brands to risks of appearing next to fake, inappropriate, or negative content. This magnifies their vulnerability to being associated with toxic brands and content, which could hurt their brand.
Presently, the only way for a brand or marketer to keep its message safe from the effects of unhealthy advertising is to pass its message in a safe environment.
The Future of Advertising is Purposeful Ads
Most media platforms are powered by advertising. As the tastes of advertisers and consumers evolve, purpose-driven media is emerging as the future of advertising. This form of marketing aims to build a deep rapport with consumers. Purposeful advertising appeals to the understanding of the target market and reveals how it will benefit in the long run.
For consumers, purpose-driven marketing is more appealing because it relies less on the frequency of exposure to the message and more on its relevance. As individuals and society at large grow, advertising is becoming less about control and more about promoting diversity, equity, and inclusion. Consumers will lend an ear to a brand they know cares about education, the environment, security, and privacy.
The most notable form of advertising that relies on purposeful ads is OOH advertising. These include traditional advertising outside the consumer’s home, from billboards to vehicle wrappers and everything in between. Some of the top benefits of OOH advertising are that it is not intrusive. The advertising message is location-based, and it is highly effective in instigating consumer engagement.
Big brands that have traditionally relied on content-driven media to advertise gradually realize the benefits of OOH advertising. The main driving force for the shift is the realization that in a world of digital advertising. Brand safety issues are a matter of ‘when’ and not ‘if.’
Every brand should strive to protect its name in a rapidly evolving digital landscape. However, as this demands constant foresight, delicate planning, and collaboration, it is proving to be more costly than ever. Every advertiser must now remain diligent on the platform their message appears. It’s the only way to quickly mitigate the impact on their brand when negatively-purposed messages threaten to besmirch their name.
The Importance of Proactivity in Brand Safety
The platform a brand uses to pass its message, the content the ads are placed next to, and the context of the message affect its truth and identity. A brand that cares about its values and does all it can to align its message accordingly must be proactive in ensuring its brand safety.
As an advertising message is a part of a marketing ecosystem, the platform it appears on must resonate with the target market. OOH advertising targets consumers in their right places with a meaningful and purposeful message. The advertisement can be carefully designed and worded to have a meaningful impact on both the consumers and the advertiser in a reassuring and memorable way. With OOH, the message can be big and bold or small and subtle, but it is intentional.
OOH is a brand-safe and effective approach to modern advertising. In an age of internet turmoil and elevated risks of digital advertising, OOH brings a renewed sense of joy for consumers tired of intrusive ads. Media fatigue is a real problem, and advertising outdoors is a sure way to reassure the target market that a brand cares about them. No brand can afford to underestimate the impact of sharing a message offline and outdoors today.
Next Steps
More brands are already cutting their digital ad budgets and pulling ads from online platforms. This happens mostly after their messages appear in undesirable contexts, often hurting their brand name.
Forward-looking brands stay ahead of the damage by proactively investing in location-based and brand-safe advertisements such as OOH. This is because OOH is safe and real advertising with proven results.
If your brand is not doing this already, do not wait until your brand takes a hit. Visit wrapify.com now to discover how you can promote your brand’s safety with OOH advertising.
Every successful fintech company uses all strategies at its disposal to identify and get customers. While digital marketing often comes to mind first, tech companies and startups that incorporate out-of-home (OOH) advertising strategies tend to fare better.
Why?
OOH advertising often gets a bad rap when compared to other digital advertising strategies. This is usually because this form of traditional advertising did little to target a specific market. However, the pandemic brought with it a creative renaissance in geo-targeted advertising which enabled tech companies to boost their customer acquisition using OOH.
Businesses providing financial services face three niche challenges: there is a need to target a specific market; their marketing strategies must adhere to strict privacy and security regulations; and, they must identify targets with the highest potential to convert and use the most effective and measurable strategies to reach them.
Here are three ways OOH advertising for fintech brands helps achieve this.
1. Remain Privacy-Compliant with Geo-Targeting
Just like cookies help marketers track behavior via online platforms, app-enabled GPS does the same in the physical world. This anonymized data allows fintech brands to target their consumers based on demographics, psychographics, interests, habits, and more. When buying OOH advertising for fintech brands, this step is crucial in making sure that you target the right audience.
Advertising channels such as vehicle wrapping make it easier to target desired audiences with the right message at specific times. Brands can also improve the accuracy and relevance of their advertising while boosting customer acquisition with contextual targeting. When combined with contextual targeting, advertisers can personalize OOH advertising to cater to specific groups of potential customers in specific locations.
2. Identify POIs That will Convert Higher
Along with strong, contextual advertisements, fintech brands can push conversions by being as relevant as possible. In today’s economy, it takes little to engage customers constantly looking for better financial services and products. But potential customers of a financing app will be even more likely to consider these services while they’re shopping for groceries leaving the bank, or more often now, at the gas pump. These point-of-interest (POI) moments take relevancy into consideration and provide fintech brands with a customer more likely to buy.
But how would a brand identify points of interest, and how can they stand out from a sea of banners, booths, and billboards? Fintech brands can take advantage of POI targeting by being at the right place at the right time. During SWARM events, wrapped cars show up in one specific area for a set amount of time. And your customers can’t help but take notice when they see 5, 6, or even 20 cars with your brand logo in one place.
3. Measure Performance in OOH Advertising for Fintech Brands
It may seem difficult to measure the success of an OOH advertising campaign. This is an understandable concern, especially considering that there are no clicks to count. After all, the financial industry is primarily data-driven, and real-time actionable insights are necessary to understand the impact of an advertisement. However, measuring the effectiveness of out-of-home advertising is easier than you think!
Based on the same app-enabled GPS discussed earlier, certain types of OOH advertising can measure ad exposures while capturing Mobile Ad IDs (or MAIDs). These MAIDs then unlock more information about a user, allowing marketers to view net lift measurements in foot traffic, app downloads, or even website conversions when properly executed. The measurement capabilities of OOH advertising are often underrated, but it goes wayyy further than just impressions.
In many cases, targeted customers may take some time before taking action, even when an advertisement has impacted their feelings about a brand. This is an upside and not a downside of OOH. Conversions outside the measurable period of ad returns are proof of lasting impressions and evidence that the ad resonated with the right audience.
Final Thoughts
OOH advertising for fintech brands has many use-cases and benefits. This underrated advertising mechanism has become particularly popular and effective thanks to the development of better geo-targeting technologies and the target market’s appreciation of relevant, financial products.
Wrapify is a performance-driven advertising platform that has streamlined the art and science of out-of-home advertising. We offer a lot more than just ads on vehicles. Our approach to OOH, geo-targeted advertising, attribution, and performance measurement are what a modern financial brand needs to supercharge its brand and marketing efforts. Go to wrapify.com today to discover how we can help your brand reach out to and convert local customers.
Amazon, DoorDash, Solo and Others Join Wrapify’s Driver Marketplace
Our new platform, the Wrapify Driver Marketplace, has just kicked off! It connects brands looking for advertising opportunities with a network of over 400,000 workers in the gig economy. This marketplace not only shows rideshare and delivery drivers the latest advertising offers from brands but also offers them access to exclusive discounts and other economic opportunities.
Our CEO and Co-founder, James Heller, had the following to say regarding the Driver Marketplace launch, “Wrapify has created a solid driver network over the last seven years, allowing us to build and scale this product nationwide. We feel confident that this product will help the right brands reach their target audience while also accomplishing our mission to support the gig economy.”
Joining Forces with Amazon & DoorDash
Amazon was one of the first brands to get involved in our new initiative. As demand for Amazon’s online retailer services grows, so does its need for more staff to handle logistical issues. That is why Amazon Workforce Staffing will use the platform’s ability to reach gig workers to identify potential candidates to fulfill these roles. This is in addition to the omnichannel marketing campaign that Amazon will be rolling out through Wrapify.
Amazon already has an out-of-home campaign running with Wrapify, with vehicles on the road, and money being earned by drivers in cities like Spokane, WA, Boise, ID, Salt Lake City, UT, and many more. But with this additional feature, they have a chance to leverage omnichannel marketing strategies to achieve their goals.
As for DoorDash, after running an OOH campaign with Wrapify a few years ago, they came back intent to use this new platform as a way to quickly get the word out where and when they needed it. Their listing just went live in several cities across the US with a similar intent – inform more drivers about the gig opportunities available with DoorDash.
Getting Work Solo and GoShare Involved
Also joining the list of partners with the Wrapify Driver Marketplace are gig-economy platforms GoShare, a delivery and ridesharing service, and Solo, an aggregation platform that helps gig workers track their income and potential jobs.
GoShare will use the network to offer gig workers additional opportunities to earn income. “In the current state of the economy, no one’s job is safe. We want to change that. We love onboarding new drivers to our platform, especially ones trying to monetize the cargo-vehicle investments they’ve made. Wrapify created a new way for us to reach and help that audience at scale,” said Shaun Savage, Co-founder and CEO at GoShare.
In addition to offering workers gig prospects, Solo will also provide drivers discounts on membership services. Speaking on the partnership, Bryce Bennett, CEO and Founder of Work Solo said, “Partnering with Wrapify is the next logical step in our evolution as a company. The Driver Marketplace is an excellent opportunity for our growth, and Wrapify’s messaging, combined with the platform’s potential to scale nationally, make this a big gain for freelance networks like Work Solo.”
Are You Getting in on the Action?
Our ultimate goal with the Driver Marketplace is to connect high-powered brands with a network of gig workers who want to improve their financial future! Here, rideshare drivers can find an additional way to earn income while completing these rides. Additionally, companies can offer exclusive discounts and offers alongside advertising opportunities.
Outside of the Driver Marketplace, Wrapify allows brands to incorporate out-of-home (OOH) advertising as part of an omnichannel marketing effort. We are trusted by some of the world’s leading companies, including Google, Uber, Zoom, Shell, Pepsi, and Coca-Cola. Our philosophy is centered on providing our clients with data and metrics that allow them to achieve accurate attribution, physical retargeting, and foot traffic measurements.
If you’re interested in building brand equity and acquiring a ton of new customers, get in touch with us today.
If you are a rideshare or delivery driver and would like to earn extra income with Wrapify, learn more here
COVID-19 has left a mark on the world, and it’s not going away anytime soon. In fact, the economy is expected to take years to recover from this downturn. And for marketers that means recessionary spending mode is activated!
When consumer spending drops significantly during an economic downturn, companies often slash their marketing and advertising budgets. This can be devastating for brands that are trying to stay afloat: without any marketing efforts or ads, what’s going to make consumers choose them over another company? And if they don’t have enough money in their budget for marketing or advertising, how will they compete with other brands who do?
But there is hope! While it may seem like a bad idea at first glance, cutting your advertising budget actually presents an opportunity: now is a good time to create brand awareness while other companies are cutting their ad budgets out of necessity. The availability of ad space goes down when demand goes down, so now is an excellent time to dominate your market share before other companies catch up.
This means you should take advantage of free or discounted advertising space while it lasts—and use this recession as a chance to build up your brand awareness in order to stay ahead of the game when things return to normal.
Why You Should Invest in Marketing Now
Marketing is a long-term investment, but in the short run, it could mean spending more than you’re making. However, in the long run, if you’re smart about it, it can mean earning more than you spend.
In fact, companies who advertise and market aggressively during recessions can maintain or increase sales at a time when competitors are cutting back on advertising budgets and promotions. Why? Because they want to keep their market share!
All it takes is for a similarly-sized competitor to double their ad spend right when you’re cutting yours. And because brand building takes time (generally three years), aggressive marketing during a recession gives marketers an opportunity to differentiate themselves from their competition by building brand loyalty early on—and reap rewards later on when consumer sentiment improves again.
In the past, the recession has been a period where businesses cut back. However, smart advertisers know that a recession is actually a golden opportunity. In a recession, buyers become more cautious and spend less, so most companies assume that they’re unlikely to see a return on investment. What they don’t know is that ad space will become cheaper, and customers will be paying attention to branding and marketing more than ever. And what we saw with the pandemic and “revenge travel”, we will likely see with “revenge spending” post-recession.
There’s a sense of mounting anticipation among consumers: they’re eagerly waiting for the economy to bounce back so they can start spending again. When companies develop marketing strategies that encourage trust, conversion, and brand loyalty, they will inevitably reap the rewards of a better economy in a few years.
Building Brand Loyalty with Recessionary Spending
Brand loyalty is especially important because it gives you an edge over competitors when it comes time for advertising again—you’ll have an established audience that trusts you, and your share of the market increases when you advertise during a recession because there’s less competition. This means that you get more bang for your buck! Finally, it’s also a good opportunity to exercise creative marketing skills in order to stand out from the crowd
Some other recession marketing strategies include:
- Encouraging trust: Customers will be more cautious about spending money on products and services during a recession. You need to build trust with your customers so they know they’re buying something they’ll be satisfied with.
- Getting customers to convert: If you have good products and services, then getting customers to convert is not as hard because they will feel good about what they’re buying. You also need to make sure that you have good customer service so that if something does go wrong, they will come back again.
- Keeping brand loyalty: During a recession, there are fewer brands spending on advertising than usual because they don’t have the funds for it—this means that those who do advertise will get more bang for their buck because there isn’t much competition out there! This creates an opportunity for businesses like yours that want their share of the market in order for them to reap the rewards of an improved economy down the road when things start picking up again
Tips for Advertising During a Recession
You don’t have to spend a lot of money to create a brand that stands out. You can use the recession as an advantage by being bold and making a statement about your business and its products or services. Be creative with your marketing, ensure you are driving conversion, and focus on brand development. Also from the same report mentioned above, contextual advertising is king. Consider how your brand can play with certain mediums; OOH advertising is a great playground for content + context.
Marketing is a great way to keep your business afloat when things are slow. There are many ways to market during these tough times, and with the right strategies, you’ll be able to reach new customers who have never heard of you before.
At Wrapify, we can help you develop a long-term branding strategy that will drive conversion, create customer loyalty, and keep you moving forward through the struggling economy.