Cyber Monday Sale! 50% Off All Access

5 Trends That Will Inspire and Engage Both Millennials and Gen Z You'll need technology for sure, but don't toss out traditional values just yet.

By Deep Patel Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock.com

Any brand that hopes to thrive in today's market should be reaching out to and engaging the younger generations. This focus is crucial, as Generations Z and Y are forces to be reckoned with. What appealed to older generations is not likely to entice Gen Y or Gen Z. Or will it?

Research has found that what works best is actually a mixed bag of cutting-edge technology and traditional values.

Generation Z, also known as the iGeneration, is generally considered to be those who are younger than 20. Generation Y, often referred to as millennials, encompasses those who are between 20 and 35.

Both groups are known for their love of all things tech, documenting life through selfies and using social media to connect with large networks of friends -- some of whom they have never or rarely seen in person. In addition, they are known for being innovative and wanting to be their own bosses.

Marketers and companies are focusing on the needs and desires of Gen Z, especially as they comprise nearly 70 million children and teens who will be reaching adulthood in the coming years.

Here is a look at five of the top trends companies need to keep in mind when developing technologies and experiences that engage the youngest generations.

1. Authentic brands need to turn the selfie stick inward.

While the "selfie" may have started with the millennials, it was Gen Y that took it to heart. Gen Y and Gen Z fill their social media pages with photos that capture every moment and aspect of their lives. They expect the same from the companies that seek to engage them.

The newest generation will quickly dismiss faceless companies or unrelatable brands. Gen Z especially wants to see companies and brands approach them on their level and interact with them as their friends would. That means showing them what you're doing right now, behind the scenes. But most of all, it means honesty. Gen Y and Gen Z seek authenticity in those with whom they do business.

Related: Ranganathan's Rebellious Path to Brand Building

They want to connect with real people who represent the brands they buy, and they want to see genuine posts on social media. Anything that feels prearranged or planned will be a turnoff. So show them who you are. But keep it witty and quick. Neither generation is known for long attention spans.

2. Find out where the kids hang out on social media.

A large proportion of Gen Y and Gen Z can be found on Facebook. However, so are their parents, grandparents and teachers. Nowadays, Facebook is only their jumping-off point. The real action is happening elsewhere. If you want to reach these populations, you need to know which platforms are popular. And popularity can change quickly, so stay in the loop.

However, Gen Z and Gen Y are less likely to be coaxed by traditional advertising, and they get annoyed by the overuse of ads on social media. What they do turn to is blogs, reviews and information from those they trust. The best strategies may come from marrying authentic brand advocacy with popular social media -- but it needs to feel real and be unique.

3. Traditional values but mobile state of mind.

Gen Y and Gen Z grew up with cutting-edge technology, but they still covet many of the same values as their elders.

A recent global study by Nielsen shows that most millennials and Gen Zers plan to someday get married, have children and buy a house -- although probably not as early as the older generations did.

Also, contrary to many companies' assumptions, Gen Z prefers traditional approaches to being recruited for employment, such as having employers engage young people at school. They value long-term job security and overall have more conventional expectations for their employment.

But while conventional values are important to them when it comes to work and life, they also embrace everything mobile and cloud-based. They take for granted wireless communication and always being connected to the larger world through their smartphones and other devices. That desire for constant access and being wired-in and connected will undoubtedly continue to change the tech industry.

Related: Top 7 Reasons You Should Make Mobile Marketing a Priority

4. Quality products over brand loyalty.

Gen Z has been called retailers' worst nightmare. This is because brand loyalty is on the decline, and they are more likely to bounce from brand to brand than previous generations.

This has much to do with their ability to research the best product and pick quality over brand loyalty, something previous generations were not able to do as easily.

Gen Z isn't as concerned with keeping up with a brand. They are often looking for the latest trends in products and services. They seek products that cater to their lifestyle, such as wearable tech. Quality is king, and familiarity is passé.

5. Have an impact and make a difference.

One thing that connects the youngest members of society with their elders is their desire to make a difference. However, the young are more impatient to get started, more tolerant of social change and more open to differences.

Gen Z and Gen Y have both grown up aware of public controversies and scandals, not to mention global climate change and increased unease throughout the world. They want to right the wrongs of the world, and they have a wealth of resources available to them, from vast social networks to access to technology.

In addition, growing up in this digital world, they have the prowess to use all the modern resources available to them and be heard.

Related: Don't Just Hire Millennials, Think Multigenerational

Both of the youngest generations have made a name for themselves as volunteers and activists, but Gen Z especially is set up to become the next generation of entrepreneurs and creators. They expect the brands and products they buy to embrace and reflect these ideas.

Deep Patel

Entrepreneur Leadership Network® Contributor

Serial Entrepreneur

Deep Patel is a serial entrepreneur, investor and marketer. Patel founded Blu Atlas, the fastest-growing men’s personal care brand, and sold it for eight figures in 2023, less than 18 months after its launch.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

'I Stand By My Decisions': A CEO Is Going Viral For Firing Almost All of the Company's Employees — Here's Why

The Musicians Club CEO Baldvin Oddsson fired 99 workers at once over Slack for missing a morning meeting. But there's a catch.

Business News

'Something Previously Impossible': New AI Makes 3D Worlds Out of a Single Image

The new technology allows viewers to explore two-dimensional images in 3D.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Franchise

Subway's CEO Steps Down Amid a Major Transition for the Sandwich Giant

John Chidsey will step down at the end of 2024, marking the close of a transformative five-year tenure.

Fundraising

They Turned Down an Early Pay Day to Maintain Control of Their Business. And Then Went on to Raise $190 Million.

Jason Yeh, co-founder and General Partner of Patron, explains the early-stage venture firm's creation and future outlook.