Gen Z vs. Millennials: How To Target Both Audiences

Using the same marketing techniques for both Generation Z and millennials is a bad idea. Both of these demographics have distinct behaviors, purchasing decisions, and social media preferences that you must understand if you want to improve your overall marketing strategy and call center operations. 

In this guide from FiveCRM, learn the key differences between Gen Z and millennials and how to target both groups with your outbound marketing.

Who Are Gen Z?

Generation Z — or Gen Z — is the term to describe people born during the late 1990s and early 2000s. According to Britannica, some people define Gen Z as people born between 1997 and 2021. However, some people contest this year range because it is difficult to delineate generations. 

Gen Z follows Generation Y (Millennials) and is the last generation to be assigned a letter in the standard Latin alphabet. Generation Alpha follows Gen Z and will be the first generation to be given a letter from the Greek alphabet. 

Who Are Millennials? 

Millennials — also known as Generation Y — is the term used to describe people born between the early 1980s and late 1990s. However, people born in the early 2000s are sometimes included in the definitions of this generation. The millennial generation follows Generation X. Like Gen X, some people contest this year range because of the difficulty in defining generations. 

Differentiating Factors: Gen Z vs. Millennials 

Brands use different marketing trends and techniques when targeting Gen Z and millennials because, collectively, these generations have distinct behaviors, personality characteristics, and purchasing habits. Although it is tricky to generalize entire generations, it's important to differentiate marketing strategies when engaging with Gen Z and millennial customers via phone calls, email, mobile devices, e-commerce platforms, and social networks.

Research shows that Gen Zers are more likely to save money for big life purchases such as a new home or vehicle than millennials. That's because Gen Z shoppers care about long-term financial stability and know more about saving money at an early age because of social media trends such as cash stuffing. 

Many millennials, on the other hand, entered the workforce during the economic recession of the late 2000s and haven't been able to reach financial milestones such as saving for retirement and purchasing property. Millennials are more likely to "live in the moment" than other generations and spend disposable income rather than save it. It's important to realize purchasing habits and spending power when marketing to Gen Z vs. millennials. 

Generation Z is more likely to engage with your brand on social media than millennials. While millennials still follow brands on platforms like Twitter and Facebook, Gen Zers are more inclined to add comments, like posts, and share content with friends and family. That means you might need to work harder to engage with millennials on social media. You can improve engagement by creating content that resonates with the millennial generation, such as posts that speak to their lifestyle and life goals. Bear this in mind when coming up with social media strategies for Gen Z vs. millennials!

Gen Z and millennials both look for brands that are transparent and authentic. However, these factors are more important for Gen Z consumers, who are more skeptical of big companies without a purpose other than selling a new product or driving them to check out. According to a recent study from Indeed.com, real "before and after" photos and lower-quality images have more of an impact on Gen Zers than traditional advertising because this generation prefers content that comes across as genuine. Gen Zers also favor content with situations that feel attainable, such as a blog post highlighting vacation destinations they can afford. 

Indeed.com also notes that millennials focus on the entire buying experience more than Gen Zers. Bonus offers, loyalty programs, deals, and investments resonate with this generation, and many marketers include these incentives in blog posts, social media posts, and email newsletters. 

Generation Z is more conservative with its spending habits than millennials were at a similar point in their lives and favors purchases that provide good value for money. Marketers often describe the value of their products when targeting this generation and explain how their offerings are a wise investment. 

While both Generation Z and millennials are avid users of social media, these demographics exhibit different behaviors when using websites like TikTok and Facebook. Millennials spend 3.8 hours a day, on average, on social media, while Gen Zers spend 4.5 hours. In addition, millennials are more likely to follow small businesses and big brands on social than Gen Z, while the latter are more likely to consume viral content and social media trends. Understanding insights like these are critical when marketing to Gen Z versus millennials. As millennials spend less time on social media, you will need to try harder to capture their attention when creating and posting content. 

Gen Z and millennials are receptive to different types of marketing, according to TechTarget. Gen Z engages with influencer marketing, short-form videos on TikTok, Snapchat, Instagram, social selling, and mobile interactions. Millennials, on the other hand, respond well to all types of social media marketing, reviews, content that demonstrates price-to-value ratio, and digital marketing content that supports good causes. Think about these different marketing methods when targeting Gen Z vs. millennials! You might want to create an influencer marketing campaign for Gen Z and focus on improving online reviews to capture more millennials. 

Another difference between these demographics is that there are more millennials than Gen Zers in the world. In fact, millennials are the largest generation in history, according to TechTarget. That means you need to target a broader audience and build a bigger customer base when targeting this demographic. Using a customer relationship management (CRM) system will provide more information about the number of Gen Zers vs. millennials in your sales and marketing pipelines, so you can decide where to focus your marketing efforts. 

Millennials vs. Gen Z characteristics are different, and you should know how these different groups act and behave for more effective marketing outcomes. So who are millennials vs. Gen Z? Well, American millennials tend to be more optimistic than their younger counterparts because they were born and raised in a more prosperous society. Gen Zers, on the other hand, are more realistic because they grew up in a time of social unrest and an economic downturn. Gen Zers and millennials also have different fashion styles, online shopping behaviors, buying power, technical abilities, and expectations from life. 

How To Market to Each Generation: Gen Z vs. Millennials 

Noting the differences above, you must market to Gen Zers vs. millennials differently. A one-size-fits-all marketing approach for both older and younger generations might not generate the outcomes you are looking for when moving prospects through your funnels. Here are some different ways to market to Gen Z and millennials:

Marketing Toward Gen Z

As previously noted, Gen Z [LINK NOT LIVE YET] is more likely to crave authentic content, engage with brands on social media, and save money for the future. You can use these insights to influence your marketing strategy for this generation

Gen Z favors real content that has a purpose. That means overly airbrushed photos in marketing materials and content with little value won't cut it with this audience. Focus on creating authentic content that resonates with Gen Z, such as blog posts about the good causes you support or video content about how you are making a difference in the world.

One of the better ways to create genuine content for Gen Zers is by developing a clear brand voice and establishing a human connection with your audience. Incorporate your brand values into your content pieces and research topics for your blog, website, email newsletters, and social media posts for better engagement with this generation.

Gen Z is receptive to engaging with your brand’s social media presence. However, you will need to post content that's worth them engaging with! Come up with a content marketing strategy that informs and entertains this generation based on their interests, shopping habits, purchasing behaviors, and other factors. (Tip: You can find this information in customer profiles in a CRM system like FiveCRM.)

Content engagement strategies that target Gen Z include asking audiences to comment on a recent topic or new story and encouraging followers to share your content in exchange for a money-off coupon or access to an exclusive brand loyalty program.

When comparing Gen Z vs. millennials, the former demographic is more likely to save money for big life purchases such as a new property. This financially prudent generation is less inclined to make impulse purchases of products that won't help them achieve this goal. That's why you must showcase the value of your offerings to this audience. Communicate how your product will make an impact in their lives and what makes it different from other items on the market in all your marketing materials and call center operations. 

Marketing Toward Millennials

Millennials [LINK NOT LIVE YET] are more likely to follow your business on social media, respond to deals and offers, and spend less time on social than Gen Zers. Use these insights when coming up with a marketing strategy for this demographic.

While millennials are more likely to follow you on social media than Gen Z audiences, you need to give them a reason to keep coming back to your pages on Twitter, Facebook, LinkedIn, and the like. Various methods help you do this. Perhaps the most important one is posting consistently on social media with purpose. Establish a channel strategy that generates relevant social media content for millennials that speaks to their interests, addresses their pain points, and provides them with insights they can't find anywhere else. Doing so will increase engagement and encourage more social media users to click on links to your product pages.

Millennials respond well to deals and offers when engaging with your brand. You can move more of these prospects through your sales and marketing funnels by offering coupon codes and other incentives in social media posts, email newsletters, website pages, and inbound and outbound phone calls. 

You'll need to send deals and offers to millennials at the right stage of your marketing pipeline to convert these prospects into bona fide customers. An analytical CRM like FiveCRM will identify the touchpoints that result in the most conversions and help you decide the best time to send incentives to prospects. 

Millennials spend less time on social media than their older counterparts, meaning that you will need to work harder for their attention span. You can improve engagement on your social pages with giveaways, product announcements, and other content that encourages this generation to interact with your brand for longer. Understanding the components that make up a successful social media post will also help you engage millennials and improve sales outcomes.

Final Considerations: Marketing to Gen Z vs. Millennials

While it's impossible to generalize entire generations, Gen Z and millennials have very different behaviors, values, purchasing habits, and social media preferences. Understanding these differences will let you create marketing strategies for Gen Z vs. millennials and move more prospects through your pipelines. Follow these takeaways when targeting Gen Zers and millennials and get more value from your marketing spend. An analytical CRM system like FiveCRM will help you learn more about prospects from different generations and fine-tune your marketing and call center strategies.

How FiveCRM Can Help You Target Gen Z vs. Millennials

FiveCRM is an analytical CRM platform that generates reports and insights based on the call center metrics you want to track when targeting Gen Z versus millennials. This system lets you segment audiences to create more effective and targeted campaigns that result in more engagement and conversions. 

Here are some of the ways FiveCRM targets both Gen Z and millennials:

• Specialized marketing and performance tools track performance in your organization and capture more relevant sales leads, helping agents target different demographics. These tools optimize performance outcomes and allow you to provide better experiences for potential customers. 

• Get unlimited data storage and up to 999 databases for your call center operations. Improving data management like this will allow you to focus on targeting Gen Z and millennial audiences without worrying about data storage. 

• FiveCRM improves sales efficiency by managing callbacks, automating dialing sets, and optimizing workflows for outbound call operations such as telemarketing, telesales, cold calling, and warm calling. That can free up time for agents to provide better experiences to Gen Zers and millennials over the phone. 

• FiveCRM's lead scoring feature lets agents focus on the most lucrative Gen Zers and millennials in sales pipelines. That can generate more leads and enhance customer experiences for improved engagement and sales.

• FiveCRM can enhance account management by generating real-time data sets about departmental performance. Use these metrics to improve performance across your call center and identify new ways to engage Gen Zers vs. millennials over the phone. 

• Improve Gen Z and millennial marketing with customer engagement insights and website tracking. You can access real-time insights on reports and other data visualizations and share these with members of your team when targeting different generations via email, smartphones, social media platforms, and other channels.

Other FiveCRM features include marketing automation, power dialing, previous dialing, data privacy, gamification, world-class security, call recording optimization, consolidated reports, and a native app builder. 

FiveCRM is the analytical CRM system that generates incredible insights into prospects at every stage of the marketing funnel. Email hello@fivecrm.com for a demo, or get FiveCRM now.