Resources

HOW TO USE INCLUSIVITY IN MARKETING

July 2, 2020
đŸ“· Image Credit: AdAge with publishing partner Female Quotient 👆 TL;DR Gen Z and Gen Alpha have been shown to react better to companies' culture of inclusion and diversification. If you want to stay relevant, make sure to consider this authentically when creating content. Amongst the many changes in recent weeks, from the pandemic to societal changes, many marketers are left wondering what the appropriate action is to take in terms of their online presence. Inclusivity, authenticity, and diversity can help transform a company from a crisis. According to a study done last summer, consumers are more likely to purchase a product if the advertising is more inclusive and diverse. We know that advertising that represents diversity will be a major differentiator in brands and products moving out of the pandemic. We are living in a different world than we were four months ago, and marketing and advertising techniques should be shifted accordingly. The goal of marketing is to shift the mindsets and behaviors of people; it is important to note how different people experienced this pandemic due to differences in race, geographical location, and other circumstances when appealing to your audience. Brands should be aware right now of how their actions in the social climate affect their brand's image and what they can do to foster more empathy and positivity. As marketers, it is important to understand the impact that marketing has on shaping culture, as marketing does not only reflect culture but continues to define it. Sources:AdAge with publishing partner Female Quotient Written by: Sofia Christensen, Intern Edited by: Lisa Knight, COO & Mentor

VIDEO GAMES ARE EVOLVING, AND $70 VIDEO GAMES ARE INEVITABLE

July 1, 2020
đŸ“· Image Credit: Polygon.com 👆By: Charlie Hall TL;DR With the new generation of gaming consoles, there is a predicted increase in the price of video games. However, with all the additional perks and money that gaming companies put into their games, the consumer is really getting more bang for their buck than ever before. Both PlayStation and Xbox are constantly evolving to newer generations, and with the Playstation 5 and the Xbox X series, the rise in the price of video games and consoles are also evolving with the newer generation of games. There is an expectation that AAA console video games will increase in price for the first time in several years. We have already seen this occur with the 2K Sport's announcement that their NBA 2K21 games will increase from approximately $60 to $70 for users using the newest generation of games. The elevation in price isn't as bad as it might seem, as the price has remained steady for the past 15 years while gaming enhancements have risen. While it seems most things have risen in price in the past 15 years in the entertainment community, from movie theater tickets to even the cost of a Netflix subscription, video game prices have been among the only mediums to have their price remain relatively stable. When you think about this is surprising that pricing hasn't changed much, yet the tech has enhancements in graphics, multi-player modes, and open-world systems. In a sense, games had only been getting cheaper for their value for the past few years. Cost per megabyte, gamers are getting their best deal yet as they are getting so much with a relatively low-cost increase comparatively. These days to create a top 10 video game, it typically costs around $100 million compared to the $35 million it would have cost in 2005. The sharp increase on the producers' side and the lack of an increase on the consumer's side made this change inevitable. Sources:Polygon.com Written by: Sofia Christensen, Intern Edited by: Lisa Knight, COO & Mentor

FACEBOOK IS OFFERING MONEY TO TIKTOK STARS TO LURE THEM TO INSTAGRAM’s REELS

June 20, 2020
đŸ“· Image Credit: Forbes 👆By: Emily Blotch TL;DR We talked about it last week, and this week we are back with the continuation of the Facebook / TikTok rivalry. Now, Facebook is offering to compensate creators for their allegiance to their new Instagram feature, 'Reels.' Facebook might be stealing TikTok's stars if all goes to their plan. In our article last week, we described the new feature coming to Instagram known as "Reels," a TikTok look-a-like. The rumor milling about is that the parent company of Instagram, Facebook, is offering some of the stars on TikTok lucrative offers to lure them to Reels and asking them to exclusively post on Reels or post their content on Reels first before TikTok. The creators are also allegedly being given NDAs, so we probably won't get too much info from the creators themselves. It has been said that the users who agree to post exclusively on Reels will earn the biggest pay from Facebook compared to those who agree to post first on Reels. The Reels feature on Instagram is said to be launching in early August, so for now, we will just sit back and wait to see who looks like they took the lucrative deal and how successful Instagram's new feature will be. Sources:Forbes Written by: Sofia Christensen, Intern Edited by: Lisa Knight, COO & Mentor
Youth Culture

The 7 markers of Gen Z that businesses need to know

February 1, 2019

We conducted hundreds of interviews with Gen Z kids, tweens, teens and young adults and has distilled his findings into a list of youth culture attributes. These generational markers are the identifying traits of what will be the most significant global demographic shift in history. Gen Z Generational Markers: Independent: Gen Z is willing to work hard for success vs the ‘be discovered’ mentality prevalent among their older Millennial siblings. Diverse: As a global cohort, Gen Z is open to all ethnicities, races, genders and orientations. They expect to see those values reflected in their brands, classrooms and media. Engaged: Gen Z is very politically aware and actively involved in supporting environmental, social impact and civil rights causes. They are focused on making the world a better place and want to align with organizations dedicated to making a difference. Activists like Malala Yousafzai are their role models. Knowledge managers: Often misrepresented as having a ‘short attention span,’ Gen Z has developed an ability to quickly filter the mass quantities of information that appear on their screens and decide what is worthwhile and what should be filtered and discarded. Pragmatic: Raised by Gen X parents who experienced a similar childhood shaped by the recession, Gen Z are choosing more pragmatic careers (for example, selecting a legal profession instead of trying to be a YouTuber influencer), are financially conservative and are avoiding the social media privacy pitfalls of Millennials. Personal brands: Unlike Millennials who tended to overshare on social media, young people are managing their presence like a brand; privacy matters and contributes to the popularity of ephemeral social media apps such as Snapchat and Instagram. Collaborative: Whether it is in the classroom using Skype with students in another country, playing Club Penguin or team sports in their backyard, Gen Z has learned early in life the importance of collaboration in both local and distributed (or virtual) environments. Article originally published in azbigmedia.com

Cultural alignment

Cultural Alignment Key for Brands Aiming at Gen Z

February 1, 2019

Today’s young people tend to be highly individualized and making culturally relevant connections is non-negotiable. If you want to be noticed, followed and garner their attention, find and align with the most relevant groups within youth culture. Successful brand alignment with young people depends, in part, on your organization’s capability to make psychographic and situational context a priority. What does this mean? Many brands default to demographic, geographic and behavioral targeting as their primary filters because they are more convenient, but the reality is that relationships are built in the personal realm. Demographic targeting, such as age, gender and ethnicity, remain a starting point to help organize consumers who are more likely to be a good match with a brand. However, the ultimate goal is audience segmentation that helps us not just organize youth culture, but to understand it. Hyper-individualization is the norm Gen Z is pushing the idea of individualism, sometimes to the point of hyper-individualism. Gen Z defines itself as being more highly individualized than previous generations. This perception is important. Whether or not they truly are the most individual generation of our time is a moot point if they believe they are. It’s interesting when you consider how much exposure they have to the world via the Internet and social media, at a time when they’re developing a sense of self: they may have more options and raw materials to choose from than previous generations. Regardless of studies and statistics, to understand Gen Z’s perspective we have to recognize their self-perception as the most unique generation. A 2017 report by AwesomenessTV found that, “Growing up in a time when intersectionality is the buzzword du jour, [Gen Z] perceive identity on a spectrum — a complex, ever-evolving construction of self rather than a static set of demographic descriptors. Now we are faced with an arsenal of niche, interchangeable and hyper-specific labels 
” In fact, there seems to be an infinite number of hybrid subcultures that young people can zero in on and claim as “home.” No identity is too specific or personalized; it can all be made-to-order. Being highly individualized isn’t a barrier to entry or to societal acceptance. One might easily be accepted because of their individuality, instead of being excluded for it. Today’s youth celebrate differences with less judgment or hesitation than previous generations, but it goes beyond just self-expression. Gen Z needs a more flexible identity because they have to adapt to more variety and situations in their lives. Identity is less and less conveyed by a static, stereotypical ‘persona,’ and more by a fluid, evolving, ever-changing condition. We’ve all been in situations where we bring forward a different side of our personality to blend in with others, whether that’s our parents, boss, peers or partners. This is adaptation. Gen Z will try to match themselves to their current situation just like everyone else. Yet, because they’re also at a life stage marked by transition, coming up with the right personality may be more intense, because they’re discovering and defining themselves, as opposed to toggling between more solidified personalities like adults might do. Gen Z is blending characteristics like the pieces in a kaleidoscope. A teenage male entrepreneur who enjoys knitting while he and some friends drive to Coachella is no longer seen as having an identity crisis. He’s making an identity statement. If brands want to connect, they need to understand and adapt to the way that Gen Z defines and identifies themselves. But tuning into the trends and influences that inform Gen Z’s lifestyle and consumer choices means getting out of boardroom comfort zones and into the complexity of youth experience. So, where do we start? Putting alignment into action A brand’s likelihood of building a commercially viable audience is in direct relation to that brand’s ability to identify and connect with the right spectrum of groups within youth culture. The key word here is spectrum. Relying on demographic targeting alone is like casting a net into the water and crossing your fingers. A segmentation method rooted in the lifestyles of youth culture may require more patience and work up front, but it’s far more likely to result in real cultural identification and alignment with the groups that will desire and value what that brand represents. Key stages of youth culture alignment Stage 1: Needs Analysis: Determine the extent of your targeting needs. How big, small, specific, etc. does your audience have to be for a particular offering? Stage 2: Brand and youth personality match: Identify the consumer traits and characteristics you should look for that would be compatible with your brand’s offerings. What qualities do you and your ideal audience share? Stage 3: Identify and prioritize potential subgroups: Develop a list of subgroups that share key personality traits and characteristics with your brand, and determine their alignment with commercial viability for your brand. What groups share these qualities? How deep is the connection, and how commercially viable is that group for your brand? Stage 4: Optimal youth audience definition: How do alignment and commercial viability intersect? Who’s most aligned, who is most viable, and how can you strike the most successful balance? Do you need to sacrifice a little alignment to reach a more profitable group, or will sticking to a smaller group of more aligned youth result in more long-term success? Youth culture alignment tips, takeaways Hyper-individualization is the norm: Gen Z expects unique. When developing creative strategies to reach Gen Z, remember that being highly individualized or even “weird” presents an opportunity to connect with them on their frequency. Traditional demographic targeting models are outmoded. If you really want to get tuned in with this group of individualistic young consumers, focus segmentation strategies on psychographic, lifestyle and situational context as priorities. Embrace the diversity of Gen Z. If you approach Gen Z as a homogeneous entity and fail to appeal to the multitude of segments that comprise it, you’ll be relegated to a limited view of both their world and the motivations behind their decision making….

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