How to improve patient acquisition and retention for your medical practice or healthcare facility.

The healthcare industry has been going through a massive change. With the dramatic shift in health insurance policies and consumer behaviors, patients are stepping up to take better control of their healthcare choices.

In addition to this, as more patients are covering a larger portion of their healthcare bills, providers need to put more efforts into marketing directly to consumers.

Here are the latest healthcare marketing strategies to help you meet the fast-evolving patient expectations while improving patient acquisition and retention.

4 latest marketing trends in the healthcare industry

The key to attracting more patients to your medical practice or healthcare facility is to deliver an outstanding patient experience. Here’s what successful healthcare marketers are doing to succeed:

1. A patient-centric online portal

Consumers are now accustomed to managing their relationships with retailers and service providers via a robust online platform.

You need to offer a sophisticated, secure, and user-friendly patient portal that can handle most of the day-to-day patient interactions, such as paying bills, making appointments, checking test results, ordering prescription renewals, obtaining medical histories, and even conducting virtual consultations.


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2. A search-engine optimized website

Consumers are now more comfortable with using online searches to look for a medical facility or a healthcare provider.

Your website needs to be optimized for local SEO so it’ll show up in the “local pack” at the top of the search result pages when users search for “_________ near me.” You can also build backlinks and drive more traffic by getting online reviews on Google and third-party websites.


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As digital assistants such as Siri, Alexa, and Google Assistant are gaining popularity, more than 50% of searches will be voice-based by 2020 — your website content needs to be optimized for voice search. You can do this by focusing on long-tail key terms, using patients’ language, and providing local information.

3. Real-time patient support and interaction

With the latest customer support technologies, consumers are used to getting their questions answered and problems resolved in real time.

Providing best-in-class support is the key to improving your patient acquisition and retention rate. Make sure patients can contact your team via multiple channels such as email, text, phone, social media, and live chat.

In addition to this, don’t just interact with your patients only when there’s a problem! You can use the same channels to increase their engagement with your brand by sharing valuable content and gathering feedback.

4. Marketing automation and personalization

Consumers expect relevant content, information, and offers from their service providers. You can use marketing automation and segmentation strategies to deliver a highly personalized experience that meets patient expectations, increases engagement, and improves retention.

A robust marketing personalization platform allows you to deliver an omnichannel patient experience through multiple touchpoints, such as email, social media, text messages, printed materials, and so on to provide the most relevant and helpful content so you stay top of mind.

Hyper-personalization will drive the future of healthcare marketing. Request a demo to see how you can use our robust customer data management system to unlock the power of this marketing strategy.

3 ways to use personalized emails to get customers to buy more from you

Customer lifetime value (CLV) is a metric closely related to the profitability of a business.

It’s a measurement of customer loyalty and how well you’re catering to their needs so that they buy from you again and again.

Why’s that important?

The cost of acquiring a customer is much higher than that of retaining one. In addition, loyal customers are more likely to tell others about your products and services, thereby increasing your sales through word-of-mouth marketing.

It pays to invest in cultivating customer loyalty, which will help increase the amount they spend on your products or services over time.

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Thanks to its cost-effectiveness, personalized email marketing remains one of the best ways to cultivate customer loyalty.

Email marketing has a median ROI of 122%, which is over 4 times higher than other marketing formats. Meanwhile, the average order value from personalized emails is 5% higher and conversion rates are 6% higher, compared to those that aren’t personalized.

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So how do you use email personalization to increase customer lifetime value and encourage recurring purchases?

1. Optimize customer segments by CLV

You can segment your email list by profitability, such as not-profitable (20%), profitable (60%), and very-profitable customers (20%). This way, you can send personalized emails with the most relevant content and offers to increase purchases from each segment.

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For example, you can move customers in the “not-profitable” segment into the “profitable” segment with a special offer or cultivate relationships with your “profitable” or “very-profitable” groups so they’d stick around and buy more.

The goal is to move as many customers as possible into the “very profitable” category and increase the average CLV.

2. Reward customers for their loyalty

Offering rewards via personalized emails is a great way to add value to the relationships that customers have with your business and increase their CLV.

A research has shown that customers who make one purchase have a 27% chance of coming back. Meanwhile, second-time customers have a 54% chance of returning for a third purchase.

There are many ways to show your appreciation to your existing customers, by adding special discount codes, offering a free gift with purchase, sending an exclusive invite to an event, or giving them early access to a sale.

3. Upsell and cross-sell relevant products

Customers have very little tolerance for marketing messages that aren’t relevant to them. In a survey conducted by Accenture, 44% of consumers indicated that they’re frustrated when companies fail to deliver relevant, personalized shopping experiences and 41% of consumers have switched brands because of that.

By offering highly personalized product recommendations via email to existing customers based on their preferences and purchase histories, you can upsell and cross-sell items to entice them to buy more from you and increase their CLV.

For example, JustFab leverages interest and behavioral data to encourage repeat purchases through personalized email campaigns. These highly targeted recommendations increased email revenue by 39% and cut customer churn by 46%.

The foundation of effective email personalization

In order to personalize your emails effectively to increase customer lifetime value, you need a comprehensive customer database and the ability to organize the information for your email campaigns.

A robust data management platform (DMP) provides the solid foundation for processing all your customer information in a centralized location so you can extract actionable insights to increase your customer lifetime value.

How personalization technologies are helping medical practices improve patient acquisition and retention.

The healthcare industry has become increasingly decentralized and consumer-centric, thanks to shifting patient expectations and insurance policies.

As people are taking a more active role in managing their health and wellbeing, they want their healthcare providers to do more than just making a diagnosis and writing a prescription.

Today’s savvy patients are used to receiving highly personalized services from businesses and they expect the same from their healthcare providers.

Here’s why personalization is the future of healthcare marketing:

1. Deliver a holistic patient experience

Healthcare isn’t a one-off transaction with a single seller. Patient experiences often involve interactions with multiple providers and facilities over time, as well as support for personal and emotional issues.

A personalization strategy, driven by a customer data management platform, allows healthcare providers to access all the patient data at a single location. They can gain a comprehensive understanding of each patient’s history and deliver a holistic experience that includes customized recommendations most relevant to each patient.

Not to mention, personalized interactions will help you build long-term and trusting relationships with your patients and improve the quality of care.

2. Improve patient acquisition and retention

Personalization technologies can help you acquire and retain more patients by delivering the right message in the right place at the right time to the right audience.

For example, you can send highly-targeted content to patients with specific conditions and reminders for checkups or vaccinations. This will help you stay top of mind, build trust, increase patient engagement, and get more patients to return to your practice for continuous care.


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When supported by a robust customer data management solution that provides a single customer view, your team can access each patient’s history and preferences in real time to improve efficiency and quality of care while reducing errors and frustrations.

For instance, by seeing all of a patient’s conditions and treatments in one place, you can help them better navigate their health insurance coverage. As you add value by personalizing patient interactions, you’ll also improve patient retention.

3. Increase patient satisfaction and word-of-mouth referrals

Personalization technologies help a medical team care for the patients more compassionately by developing personal relationships with them.

Such technologies also streamline the patient experience, making it more convenient and less time-consuming to visit a medical practice.

Patients will have more positive interactions with your practice, be more motivated to continue their care, and follow through with their treatments. This will lead to better outcomes and higher patient satisfaction.

Last but not least, most people still look for personal recommendations while choosing a healthcare provider. When you offer a highly personalized experience that improves treatment results and patient satisfaction, you’re more likely to get word-of-mouth referrals, which is often the best way to market your service.

Apply marketing personalization to augment patient experience and improve patient retention.

The healthcare industry is becoming increasingly competitive while patients expect interactions with a provider to resemble other consumer experiences.

In order to stand out from your competition, as well as to attract and retain more patients, your medical practice needs to deliver an excellent patient experience that makes receiving care from you convenient and seamless.

With the aid of advanced marketing technologies, many businesses are now delivering personalized user experiences that have helped them increase customer acquisition and retention.

These strategies can be applied to the healthcare industry as well and here’s how you can augment your patient experience:

1. Personalized website content

Sharing helpful and relevant content with your audience and patients can help build trust and relationships. In addition, users are more likely to return to and engage with your website if they can find what they need easily.

You can program your website to show customized information and make content recommendations to the visitors based on a variety of criteria. For example, the search terms they use, the links they click on, the pages they have visited, or in the case of registered users, their medical histories and preferences.

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2. Customized patient portal

More and more consumers prefer to manage their relationships with service providers online via a self-service portal. A customizable patient portal can help you deliver a seamless experience that’ll improve patient retention, reduce errors, and lower administrative cost.

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Deliver a fast and convenient experience by incorporating each user’s medical history, preferences, and other personal data into the patient portal experience. Posting reminders and offering the ability to schedule an appointment, pay invoices using saved payment information, and order prescription refills are a few examples of this.

3. Targeted email marketing

Marketing automation and email personalization have been proven to generate an ROI of as high as 400% when combined with proper segmentation and content targeting strategies.

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By sharing targeted content that’s most relevant to each recipient, you can stay top of mind and nurture relationships with your audience. Such content can include information on specific medical conditions, event announcements, and seasonal resources.

You can also improve patient retention or re-engage lapsed patients by sending out reminders for regular checkups or vaccination visits and make it easy for users to set up an appointment through your online portal.

4. Omnichannel patient support

Consumers want to interact with businesses through their preferred touchpoints and be able to “pick up where they left off” if they switch channels in a middle of an interaction.

They also expect such interactions to take their histories and preferences into account so they can receive personalized content, recommendations, and solutions.

By using a customer data management platform, you can set up a single customer view to facilitate patient communications and ensure that your team is accessing the latest information in real-time to provide the best support possible to improve patient satisfaction.

4 keys to increasing patient acquisition and retention with personalized content and offers.

Personalization has become one of the most effective marketing strategies for any business to improve customer acquisition and retention by increasing audience engagement and building relationships

It’s no different in the healthcare industry. In fact, with an overwhelming amount of health-related information available, it is now more important than ever to deliver content and services that are helpful and relevant to your patients.

Here are some essential steps to designing a personalization marketing strategy for your healthcare practice:

1. Create personas and map out the buyer’s journey

The first step to successful personalized marketing is understanding your audience by creating a series of buyer personas. Here’s a great tool to get you started.

These personas help you identify your patients’ priorities, the questions they have, the language they use, and their main concerns so you can design communications that speak to them. You can leverage this information for creating your content, designing your offers, and setting up your promotional strategies.

You also need to understand where your patients are in their decision-making process; for instance  they could be researching a medical condition, looking for a provider, or ready to schedule a visit. You can deliver the most relevant content and offer at the right time.

2.  Design targeted content and offers

When you have gained a clear understanding of your patients, identified where they get their information, and segmented your audience according to a variety of criteria, such as health conditions, you can then design targeted content and offers to deliver an individualized experience in the right place and at the right time.

Distribute the information and offers through multiple channels, such as personalized website content, emails, phone, printed materials, and social media, based on the patients’ preferences and past interactions with your content to maximize engagement and conversion.

3. Communicate the privacy policy

In a survey, 49% of consumers don’t mind businesses having a certain amount of their information so they can receive content and offers that are more relevant.

However, healthcare services involve more private and personal information than a typical retail business so there’s a fine line to tread when you use patient information to deliver personalized content.

To reinforce trust and patient relationships while distributing targeted content, you need to clearly communicate your privacy policy and how you utilize patient information before adding your patients’ information to your CRM system.

4. Analyze the data to understand user behaviors

There’s no one-size-fits-all personalization strategy and there’s only one way to find out what really works for your market and your practice, and that’s by analyzing the data to understand how your patients interact with your content and respond to your offers.

To effectively implement a marketing personalization strategy, collect patient information, and analyze the data to fine-tune your marketing communications, you need a robust customer data management system that provides you with a single customer view and offers content recommendations.

Request a demo to talk to our personalization expert and see how Nectarom can help you deliver a personalized patient experience.

Increase customer satisfaction and conversion with conversational marketing

Live chat and messaging apps have become an integral part of any omni-channel customer service strategy.

Customers value the ability to get answers when and where they want and companies are improving customer satisfaction and conversion rate thanks to the capability of providing real-time responses.

One study found that 38% of customers said they have made a purchase due to a good live chat session. Live chat assistance has also been noted for helping to decrease cart abandonment by up to 30%, which in turn lead to an increase in sales.

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The key to getting the most out of live chat or messaging apps is to deliver a personalized experience tailored to each customer with conversational selling.

One-to-one conversations: the most effective way to convert

Remember the good ol’ days, before lead generation forms and email marketing, when people made sales solely by talking to other people!

With the help of advanced marketing technologies, it’s now possible to have one-on-one conversations with a large number of prospects and customers simultaneously and deliver a highly personalized experience in a way that’s most convenient.

This is often called “conversational marketing” – a process of having real-time, one-on-one conversations to capture, qualify, and connect with your best leads anytime and anywhere.

How to optimize conversational marketing

At the heart of conversational selling is a customer-driven approach that focuses on one-on-one interactions.

With the aid of technology, marketers can scale up these personalized interactions such that one employee can manage multiple, concurrent one-to-one conversations.

Here are some characteristics of conversational marketing to leverage:

Real-time interactions and fast responses

Conversational marketing is effective because customers can get the assistance they need right away.

With the combination of chatbot and live agents, you can effectively provide customers with the most relevant information as quickly as possible.

Chatbots can be programmed to respond to specific questions while triaging more complex requests so that a live agent can step in to assist promptly.

Customer-centric engagements

You don’t convert customers only by collecting leads. You make sales when you engage prospects in a dialog to understand what they need and offer a solution.

Conversational selling is effective because it focuses on having a two-way conversation so that you can deliver the most relevant information or solution based on the context of the interactions.

Personalized conversations

These one-to-one conversations are contextual and informed by a customer’s past interactions with your brand.

Even if you’re talking to a lead for the first time, you can add a personal touch by getting insights from their browsing history, the page on which they’re initiating the contact, or their locations based on IP addresses.

Customer insights

You can glean customer insights and collect additional information to enrich existing customer profiles through conversational marketing.

For example, when you ask a customer if he wants to be notified when there’s news about a certain product category, you get information on the kind of items they’re interested in to inform your segmentation and marketing efforts.

The information gathered through these conversations can help you get a more in-depth understanding of your customers so that you can fine-tune your sales and marketing strategies.

The key to seamless customer experience

Conversational marketing helps deliver seamless customer experience and facilitates prospects’ progression down the purchasing path.

A 360-degree customer profile is the key to success for this marketing strategy.

This single customer view allows your team to deliver an outstanding purchasing experience based on all the interactions a customer has had with your brand so you can maximize the use of technologies such as chat and messaging apps to optimize your ROI.

Holiday produce sales are upon us, and many retail firms are already predicting that the 2017-2018 holiday season will have the strongest sales numbers we have seen in years. Yet don’t make the mistake of thinking that this forecasted sales increase will only take place in gifts and apparel: According to Deloitte, “non-gift” spending will account for 65 percent of consumers’ holiday spending this year. The National Retail Federation is also optimistic about the coming holiday, forecasting that the average holiday shopper will spend 218 dollars on candy, food and decorations this year. Since customers intend to spend more on food and grocery items throughout the 2017-2018 holiday, there is an opportunity to reap the benefits of increased consumer spending in your grocery store.

 

However, in order to profit from the increase in consumer spending this holiday season you’ll need to compete with ecommerce megastores for your portion of market spend. Many grocers struggle to differentiate themselves from online megastores such as Amazon. Yet brick-and-mortar grocers have the advantage of being able to offer customers a festive, personalized omnichannel holiday shopping experience, which is something that even Amazon has yet to replicate. Consider the following suggestions to stand out from the ecommerce giants this holiday season.

 

Focus On Healthy and Organic Options

 

Grocery shoppers are eating more healthful foods and the availability of organic and low-calorie food options is a determining factor for customers when choosing which grocery store to patronize over the holiday season. In fact, Statista reports that 80 percent of U.S. consumers said that whether or not there were healthy food options factored into their decision-making process when choosing a restaurant in the past year. The United States government has also become increasingly proactive about encouraging customers to opt for healthy and organic food options. Among the initiatives dedicated to inspiring Americans to live more healthily are Michelle Obama’s “Let’s Move” enterprise devoted to decreasing childhood obesity rates, and the USDA’s “Choose My Plate” initiative, which offers a wide variety of healthy meal-planning options for Americans to maintain healthy weight levels during seasonal meals.

 

Plan of action: Cater to customer demand for organic and healthy options by offering gluten-free, vegan, and low calorie alternatives to some of your best-selling holiday dishes. Bookmark healthy food options in your store aisles with eye-level signs marking the areas where the diet-friendly alternatives are stocked. Instead of making customers search for their favorite products, lead them to the right place with large and pronounced signs which are easily-viewable from the high-traffic main aisles of your store. This way your customers looking for diet-friendly holiday meal alternatives will be able to easily locate the aisles that house their favorite ingredients.

 

Stream Holiday Recipes On Your Website

 

There is an opening for independent grocers to build a following by offering customers a unique shopping experience this holiday season. Retail Dive reports that in light of an overabundance of discount grocers in 2018, “price is no longer a competitive differentiator.”  Instead of trying to compete based on price alone, focus on establishing your company as an innovative leader in grocery with the addition of a seasonal recipe section to your business’s website. Your website’s recipe section should include cost-effective and diet-friendly classic seasonal dishes with a nod towards the traditional holiday dishes of your company’s prime consumer demographic. By monitoring customer demographic information as well as the sales of particular food items, you will be able to populate a list of holiday recipes that are uniquely targeted for your customer base.

 

Plan of action: Holiday recipes can boost margins only when customers can easily find the recipe ingredients on your website. Give customers a clear click-path to purchase the components of your holiday recipes by linking the produce, spices, and sauces from each recipe to buyable items in your online inventory. In addition, while low prices alone are not enough to differentiate your grocery store from the competition, offer your customers value in addition to your holiday recipes by adding links to online coupons and sale items in your ingredient lists. Appeal to the novice or holiday-only cook by keeping the ingredients and steps in each recipe simple, cost-effective and easy-to-locate on your company’s website.

 

Stocking produce for the 2017-2018 holiday season doesn’t have to be complicated. Edge out the ecommerce competition by loading up on healthy holiday meal options and by streaming fresh seasonal recipes on your company’s website and mobile app. Go beyond the standard holiday dishes by researching your company’s target consumer and loading up on economical versions of their favorite seasonal foods, so that your company can profit from the strongest holiday shopping forecast we have seen in years!

Want to get a piece of the $3.45 billion Black Friday pie? Here’s how to get ready.

In 2016, US consumers spent $3.45 billion on Black Friday. Is your retail business set up to make the most out of this year’s Black Friday Cyber Monday sale period?

With more eCommerce retailers competing for shoppers’ attention, you can’t afford to cook up a last-minute promotion and hope for the best.

It’s more important than ever to plan ahead and get your retail business ready for Black Friday/Cyber Monday.

Here are a few things you can’t afford to ignore:

Start early

The National Retail Federation (NRF) has found that 40% of shoppers start doing their research for holiday shopping as early as October.

Plan to start promoting holiday shopping related content and products, such as holiday gift guides, during that time. Set up website personalization strategies that leverage data from your customer profiles to ensure that you’re displaying the most relevant content and offers to your visitors.

In addition, make sure that you have contingency plans in place. For instance, figure out what your options are if your shipping company is delayed by a higher volume.

Not only should you be planning for things that may go wrong, you must also plan for when things go well. For instance, can your website handle a surge in traffic? Is your fulfillment system set up well enough to handle a large number of orders?

Last but not least, forecast your sales and communicate with your suppliers to ensure that you’ll have the right products in stock to fulfill your orders.

Plan your marketing efforts

Decide on the products you want to highlight, plan out your sales schedule, and coordinate all the promotional efforts to maximize your sales:

  • Schedule email marketing campaigns ahead of time and don’t forget to include personalized content and offers that are most relevant to each recipient.
  • Set up your social media promotions and use strategies such as email retargeting to deliver a personalized omnichannel shopping experience.
  • Connect with influencers early on so they can work any mention of your products or promotions into their schedule.
  • Do some social listening to find out what’s trending this holiday season and identify which products to promote.
  • Design a holiday-themed giveaway or contest with a viral component to help increase brand awareness and drive traffic to your website.

Be mobile-ready

During the 2016 holiday season, half of the web traffic and 30% of retail sales came from mobile sites.

If your eCommerce platform isn’t optimized for mobile, you could be missing out on sales and losing revenue this holiday season.

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Mobile devices offer great opportunities to deliver personalized shopping experiences that will help you increase conversion rate.

Other than website personalization, you can deliver an omnichannel experience by using technologies such as geofencing (if you have a physical store) or mobile apps and leveraging data from your customer profiles.

You can also facilitate the mobile purchasing process with features such as tap-to-call or auto-fill by using location services to deliver a seamless customer experience.

Don’t get left behind this holiday season

An omnichannel personalized shopping experience will be the key to success for retailers this holiday season as well as for the ones in the coming years.

Thankfully, implementing these strategies are getting much easier with sophisticated technologies that will help manage customer data, personalization automation, and omnichannel personalization so that you don’t have to do all the heavy lifting yourself.

Much of the information going around regarding generational buying preferences is based on alternative facts. Millennials and Generation Z for instance, are often said to be harkening the death of physical retail with their online shopping habits; when in actuality, both generations make the majority of their purchases in brick and mortar stores after omnichannel browsing. As a result of this informational disparity, many retailers get lost in the details of trying to build their presence across channels.

 

It will come as no surprise that a targeted omnichannel presence is paramount to a company’s ability to reach and convert next generation customers. However, when retailers research how to bridge the gap between their traditionally-run businesses and their Millennial or Generation Z target customer they are met with a barrage of false information.

 

To cut through the confusion, Nectarom consulted with leading retail analysts to find data-backed actionable insights on how retailers can construct their omnichannel presence in order to increase traction with a Millennial and Generation Z audience. The following guide will demystify the methods being used by successful retailers to build their revenue by offering their young customers a targeted, personalized omnichannel experience.

 

“One thing we know for sure, is that Gen Z inherently understands the new retail landscape, which sounds like this: ‘We don’t have to go to stores anymore, we have to want to go to stores.’ So if a retailer has stores they’d like to market to 80 million young people with expendable income, it’s time to think about why they would want to visit one of these stores. If they can’t answer that, or the answer is something lame like, ‘we’re cheap,’ it’s time for that company to rethink the reason they even have a brick and mortar store. Retailers need to think about what the term ‘omnichannel’ actually means. Omni-channel should be based on the brand, especially where Gen Z is concerned. For example, XXI’s web site is not made for ecommerce and Urban Outfitters has bands in their Spaces concepts. THAT’S omni-channel being done right, opposed to just opening mall kiosks and bad smartphone apps. Doing what’s right for the brand is more important.” – Lee Peterson, Executive VP of Brand Strategy and Design, WD Partners

 

Brick and Mortar Is Still a Priority

 

As we discussed earlier, physical stores are still a priority for next generation customers. According to a 2017 report by IBM/NRF, 98 percent of Gen Z customers still make their purchases in stores. This is especially true for the Generation Z customer, who uses brick and mortar stores as a place to meet up with friends and to test products before making a purchase. Big box stores are awakening to the possibilities of opening small, experiential retail concepts. Nordstrom recently debuted their first test concept of an inventory-less store in LA, called Nordstrom Local.

 

Although Gen Z has an affinity for the in-store experience, the path to purchase for the Gen Z customer takes place on multiple devices. But retailers take heed: Gen Z customers have a 6-second attention span and they won’t waste time waiting for slow apps or websites to load. According to IBM/NRF, over 60 percent of Gen Z customers will abandon apps and websites if they take too long to load, so businesses can lose out on potential next generation customers if their omnichannel experience isn’t up to par. Paradoxically, this means that retailers need to be equipped with a fast and personalized brand presence across channels in order to lead the Gen Z customer into their physical stores.

 

“By 2020, Gen Z will make up one-third of the US population. 77% of Gen Z prefers to shop in-store. When it comes to marketing, Gen Z does not trust what brands say about themselves. They trust what friends, family, and other customers say about a brand. So, positive reviews are a crucial factor in the Gen Z path to purchase. Because they trust the recommendations and endorsements of others, influencer marketing is one of the most effective ways of targeting this age group. Gen Z also prioritizes the interactions they have with store associates, so having knowledgeable and friendly employees who can offer personalized advice is a must. Overall, Gen Z is loyal to the experience they have purchasing products, not necessarily the products themselves.”Meaghan Brophy, Managing Editor, Independent Retailer

 

Philanthropy and Individuality Define the Brand

 

Generation Z-ers have often been dubbed “Millennials on Steroids.” This is because Gen Z customers take Millennial values to new extremes. While for years Millennials have been hailed as the most eco-conscious generation of consumers to date, Generation Z shoppers are even more sustainability-minded than their predecessors. According to Forbes, 76 percent of Gen Z customers are concerned about how people are impacting the planet. This makes having a great mission statement is a necessity for brands, since Gen Z customers expect every purchase they make to go towards aiding the greater good. This might even include a publicized sustainability report, or donating a part of every purchase towards a charitable cause.

 

Creativity is also a core value for many Gen Z customers. This generation not only appreciates the opportunity to have their voice heard, but they also want to take part in the creation process. Retailers such like Target are jumping aboard the crowdsourcing trend by enlisting Generation Z influencers to have a hand in creating their new lines. Target’s Art Class, their new clothing line geared towards Gen Z, lets young people get creative with their apparel with original, influencer-created pieces they can mix and match. Since Gen Z favors being collaborated with over being sold to, so retailers that offer them the opportunity to construct their own unique looks will be the first to win their favor.

 

“Many analysts believe GenZ are the most advertising-immune generation in history and favor value-driven brands who are pioneers in corporate social responsibility such as having a voice in sustainability, inclusion and making the world a better place with social entrepreneurship and value-add on products.  GenZ mobile natives appear to favour retail experiences that are human-centric, interactive and bring people together. GenZ are both instant gratification natives and in-store experience natives, and this is shaping the entire future of E-commerce discovery and how retail brands create a scene in physical stores.” – Michael Spencer, Futurist & LinkedIn Top Voice

 

Capture Customers on Social Media

 

This is no time to procrastinate evolution. Brands need to evolve to have staying power and doing things the way they’ve always been done is a death sentence in the current retail landscape. This means that companies need to meet young customers where they are, through advertising methods which appeal to them. Generation Z prefers video to text, which means it’s futile to try to appeal to next generation customers with long-form textual advertising. According to a recent Adweek infographic, 50 percent of Generation Z “can’t live without Youtube.”

 

Now, more factors than just a customer’s age determine how they navigate their shopping journey. In fact, in the aforementioned Adweek infographic a small number of Gen Z-ers also listed Snapchat, Instagram and even Facebook as their “can’t live without it” platform. More on this in a minute. Regardless of what social channel a young customer prefers to be reached on, one factor remains a constant: they demand a personalized omnichannel shopping journey tailored to their own unique buying preferences.

 

“If you want to reach GenZ, you need to advertise where we are on YouTube, Instagram, and/or SnapChat. You are wasting your advertising dollars trying to reach Generation Z on Facebook and Twitter. Make sure your ads give us something to engage with and share.

If you want to convert Gen Zer’s on your website, you have a 6-second delivery window to show us real people using your product with pictures and videos – and less words.  Also, design your website mobile first and then transform the page to larger screens – I call that reverse responsive design.”Sky Rota, 13 Year Old Founder of Gen Z Insider

 

 

 

Here’s where we need to start to talk about the importance of segmentation. Generation Z customers have a shorter attention span than any generation which came before them and they expect immediate, intuitive customer service based on their individual buying preferences. Segmenting customers based on generational demographics alone doesn’t provide marketers with enough data to personalize their shopping journey. To create relevant offers, companies also need to tailor their campaigns to suit their target customer’s buying history, location data and online behavior.

 

“From a marketing standpoint, I don’t think that starting with demographics is all that helpful. It’s way too high level. The best marketing treats different customers differently and is therefore more personalized. Just saying someone is from Generation Z or a Millennial doesn’t result in sufficiently actionable insights and targeting. For instance, it’s hard to say ‘We are the fashion brand for the Millennial professional,’ when so much of that individual’s preferences are determined by factors like location, profession, and lifestyle. Take it down to individual data for relevant and useful insights.”Steve Dennis, Forbes Contributor, President & Founder of SageBerry Consulting

 

That’s a Wrap

 

This isn’t to discount the importance of understanding your customer’s path-to-purchase. While demographical data can be helpful in providing a general understanding of a specific age group’s buying preferences, it is only once companies whittle their this down to an individual level that they provide actionable results. It all comes back to using data to create a single view of each unique customer. Even as our world becomes increasingly technological, companies should still focus their efforts on understanding each individual customer.

Do we need a closing to round this all out?