Friday, 14 July 2023 03:56

How to ride a new-wave advertising model for your business

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Traditional advertising, typified by television ads, radio spots, and print media, is grappling with the challenge of how to reach new generations. 

Both Gen-Z and the forthcoming generation are proving elusive targets, owing to their shifting entertainment preferences and evolving receptiveness to commonplace marketing techniques. 

This shift prefaces an inevitable shift in strategies, where innovation is required to connect with these tech-savvy, forward-thinking consumers.

Turning off the TV and tuning into the digital world

Statistically speaking, Gen-Z and the subsequent generation are significantly less engaged with traditional television viewing than their predecessors. 

According to a report from Morning Consult, Gen-Z makes up only 9 percent of linear TV viewership. Comparatively, Millennials make up 26 percent, and Baby Boomers make up 39 percent.

Moreover, according to a study by GlobalWebIndex, over half of Gen-Z individuals use ad-blocking software on their computers, demonstrating an increasing aversion to traditional and interruptive forms of advertising. 

This clear shift away from traditional media and ad methods is a clear signal that brands and advertisers need to adapt to keep up with these digital natives.

Missteps and misunderstandings in the digital arena

Despite these shifting trends, many businesses continue to lean on the crutch of traditional advertising methods. These outdated strategies struggle to reach younger audiences, especially with so many ways to bypass the usual forms of digital advertising.

Furthermore, there's a general misconception among businesses that simply having a digital presence equates to successful marketing to these younger demographics. 

However, digital saturation does not necessarily translate to consumer engagement. Gen-Z and the next generation seek authenticity, engagement, and a sense of shared values from brands, beyond their mere digital existence.

Gaming: the new frontier for advertising

An incredibly promising emerging avenue for reaching these elusive audiences is the rapidly growing games industry. With the global gaming market projected to reach in excess of a staggering $250 billion by 2025 according to a report from Mordor Intelligence, this is a space teeming with potential.

Gaming integrations present a unique opportunity for nonintrusive, immersive advertising. For example, musicians such as Grammy-nominated Poppy continue to partner with experiences on the Roblox platform to reach new audiences. 

Through Roblox, Poppy was able to partner with several games to launch a listening party experience for her latest album, resulting in a new audience being exposed to her music, and a huge reach in a short amount of time to this demographic. This demonstrates the vast potential of the reach available in gaming realms and offers a way to reach younger demographics in their preferred environment.

By designing in-game brand integrations or sponsoring events within these platforms, brands can align themselves with the interests and passions of their target audience, thereby forging stronger, more authentic connections.

Reimagining advertising for the future

To create impactful connections with Gen-Z and the next generation, we must meet them on their preferred platforms and engage in ways that add value and excitement to their experiences. 

Gaming integrations and advertising is a frontier ripe with potential, providing a stage for immersive, interactive brand exposure that far outshines the static nature of traditional TV ads. We are standing at the precipice of an advertising revolution. 

As we embrace the challenge and shift our strategies to align with the digital world's realities, we will continue to uncover innovative ways to connect with younger audiences. This transition, while potentially daunting, promises to reward businesses with a knack for swift change, who are ready to engage with the digital generation on their terms. 

The future of advertising is not only digital, it's immersive, interactive, and deeply linked to the virtual world.

 

Inc

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