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FOMO vs JOMO: How to Capture Millennial vs Gen Z Audiences

Marketing

Why equate an entire generation to their going out habits? Simple, to know how to talk to them. Grabbing attention requires knowing what’s your audience’s thing and what’s their ick. Gen Z and Millennials are both young(ish), tech-savvy and usually online. But being at the extreme ends of the connection spectrum, these two groups engage with content differently.

Sounds simplistic? Knacking the one unique feature of your customers’ mentality is nothing but simple!

Want to know more? Read on!

How Different Generations Shop Online


Internet is connecting people, with everyone and their mother scrolling through feeds. But what user experience are they after? Research on online behaviours by generation clearly pinpoints the leaders of ecommerce:

  • Millennials: Frequent online shoppers due to their internet familiarity, buying a wide range of products.
  • Gen Z: Increasingly active in online shopping, favouring digital products, clothing, and accessories.
  • Gen X: Participate in online shopping for convenience, balancing online and offline purchases.
  • Baby Boomers: Less frequent online shoppers; some adopt e-commerce, while others prefer physical stores.

Judging by their online activity, Millennials and Gen Z may seem similar, but when it comes to what they can buy, they are on different levels.

Millennials and Gen Z: Buying Intent and Purchasing Power


Millennials, born between 1981 and 1996, are value-conscious shoppers who appreciate the convenience and prioritize brands committed to sustainability and ethical practices. Their varied financial situations, often impacted by the 2008 crisis, career stage and education, make them savvy yet budget-conscious consumers. Gen Z, born from the mid-1990s to the early 2010s, are digitally adept, making purchases via social media platforms a norm. They value brand authenticity and inclusivity, often aligning their purchases with their values. While younger Gen Zers may have limited purchasing power, older ones are already demonstrating financial responsibility. For any brand, it's a dual opportunity, but the challenge lies in strategizing the messaging to appeal to both groups well enough.
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Fear or Joy of Missing Out?


Apart from their wallets, Millennials and Gen Z differ in their chill levels. With different media consumption and preferred communication styles, these two groups respond to messaging differently. Millennials, the most anxious generation, is rather afraid of missing out. It’s no coincidence their online motto is FOMO (Fear of Missing Out) - they have been the first ones in history to be struck with the infinity of choices. Gen Z on the other hand is more selective, having rephrased the famous acronym in line with their Joy of Missing Out mentality. Brand accessibility is no news to them, they feel more at ease browsing, scrolling and engaging, comprehending that they cannot be everywhere at the same time. To effectively engage these discerning yet diverse generations, brands must navigate the balance, capturing the excitement of FOMO and the serenity of JOMO in whatever they post.

How to Capture Millennial vs Gen Z Audiences


To make your job easier, let’s focus on the similarities first. Both Gen Z and Millennials value authenticity. They can spot a canned or inauthentic message from a mile away. Use real people and real stories in your campaigns and be transparent about your brand's values. Personalized experiences are key. To attract both groups, use data to customize content and recommendations for everyone. Interactive Content: Interactive content like polls, quizzes, and challenges can engage both Gen Z and Millennials. It creates a two-way conversation and fosters a sense of community. Let’s not kid ourselves, it’s simply fun, too.

Different Strategies Tailored For Gen Z and Millennials


Millennials

While still enjoying visual content, Millennials are more inclined to consume longer-form content, such as YouTube videos and blog articles. They are active on Facebook, YouTube, and LinkedIn. They appreciate content that provides value, educates, and entertains. Both groups use social media, but Millennials are less likely to embrace newer platforms like Snapchat and Twitch.

What Works on Millennials?


  • Real-Time Engagement: Millennials thrive on real-time experiences. Utilize live streaming, social media stories, and event-driven content to keep them engaged. Create a sense of urgency and excitement.
  • Exclusive Offers: Offer time-limited promotions, early access, or exclusive content. Millennials are more likely to engage when they feel like they're part of an exclusive club.
  • Social Proof: Leverage social proof, such as user-generated content and influencer partnerships, to reassure Millennials that they're making the right choice by not missing out.
  • Community Building: Encourage active participation in your brand's community. Create spaces for discussions, feedback, and shared experiences to foster a sense of belonging.

  • Gen Z

    Gen Z, the true digital natives, tend to consume media in shorter, bite-sized formats like short videos on TikTok and Instagram Stories. You'll find Gen Z on platforms like TikTok, Instagram, Snapchat, and Twitch. They enjoy short, snappy content and real-time engagement. They usually prefer visual content, so think striking visuals, infographics, and videos are a hit in this demographic.

    How to speak to Gen Z?


  • Purpose: Gen Z values useful and purpose-driven content. Showcase your brand's values and commitment to social and environmental causes. They are more likely to support brands with a clear mission.
  • Digital Well-Being: Promote digital well-being by respecting their need for a break from constant notifications and screen time. Encourage tech-free moments and balance.
  • Quality over Quantity: Gen Z appreciates high-quality, meaningful content over a flood of information. Invest in content that resonates with their values and interests.
  • Experiences Over Possessions: Focus on creating experiences rather than pushing products. Gen Z often prefers experiences they can share on social media, enhancing their digital presence.

  • Authenticity - The Holy Grail for Both Generations


    The FOMO vs JOMO showdown may be a stereotype, but it highlights how these two generations vibe with content in totally different ways. Millennials lean towards the thrill of the moment, while Gen Z seeks to appear more sophisticated. However, both groups are often online, disliking fakeness and pushing sales. Knowing this can aid in developing marketing strategies that will captivate both demographics. Honesty and listening to our audience create a fantastic basis for further dialogue. And authenticity is a far more valuable currency in the long run than initial likes!

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