
The minute you start trying too hard, that’s when Gen Z is like, Bye.”
That’s the advice of Dahye Jung, a strategy analyst at Sid Lee, the global creative agency that works with businesses like Dos Equis and The North Face. Every day, at least one of Jung’s clients wants to know, “How do we reach Gen Z?”
It’s a good question.
Generation Z—the 20 percent of the U.S. population ages 9 to 24 with annual buying power estimated at nearly $300 billion—is a coveted yet elusive demographic. It’s the first generation to never know a world without the internet, growing up on cellphones, with virtual lives no less real than their IRL ones.
While no generation can be uniformly summarized (much as marketers will try), Gen Z has a few well-earned stereotypes: They’re socially conscious, tech-savvy, and quick to sniff out BS. “They don’t want to ‘buy’ from a brand,” says Eric Jones, who tracks Gen Z’s behavior as VP of corporate marketing at WP Engine. “Instead, they want to partner with their brands. They want a relationship; they want honesty.”
Because of all that, the conventional wisdom is that Gen Z wants community. More than buying, they want to belong. Perhaps it’s why 80 percent of tech founders believe community is “the new moat,” according to a 2019 report from First Round Capital. But this misses an important distinction because building a community around a brand doesn’t cut it for Gen Z. Companies must come to them—and that’s a fundamental mindset shift.
This story is from the June 2021 edition of Entrepreneur.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign in
This story is from the June 2021 edition of Entrepreneur.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign in

Why This? Why Now? Why You?
You don't need expertise to disrupt an industry. You just need good answers to those three questions. That's how Naveen Jain, founder of medical testing company Viome, has built his legendary career.

The Power of Problems
Instead of trying to avoid problems, what if we saw them as progress?

WHERE BUSINESS IS EXTRA HOT
Want to join a fast-growing industry? Here's why there's a boom in breakfast, fitness, recreation, and staffing.

NO DRAMA WITH MOMMA (OR ANYONE ELSE)
How to run a successful franchise with loved ones.

SHOULD YOU BUY A FRANCHISE DURING A BAD ECONOMY?
The answer is yes, so long as you buy wisely. That's why today's potential franchisees are asking tougher questions before signing on.

HOW MUCH CAN I MAKE?
It's what everybody wants to know before buying a franchise-and although there's no guaranteed answer, you can learn a lot by asking the right questions. Here's how.

A Franchise Nonprofit?
Jamie Trujillo bought a for-profit business, but wanted to reach the people who couldn't afford her services. So she made a radical change.

Deep Breaths to Success
Kika Stretch Studios teaches people how to \"just be.\" But its founder, Kika Wise, was running herself ragged. That's when she decided to try franchising.

As Clean as It Gets
As juicing became popular across America, the brand Clean Juice looked to stand out. Its solution wasn't a new product-it was raising the standards for all its products.

Trainer, Train Thyself!
When the dog-training franchise Zoom Room stumbled, CEO Mark Van Wye took a step back to assess. Now he has the business standing back on all fours-and leaping.