Learning from Gen Z and Planned Giving Marketing
Serial entrepreneur, international speaker, and soon-to-be published author, Andrew Rosenstein, popped into my office yesterday to show me the outline of his work in progress, “Understanding the Drive of a Rising Generation.”
You probably have never heard of Andrew, but something tells me that might change in the not-too-distant future.
After listening to him, I realized there is a connection between Gen Z and planned giving marketing.
I’ve known Andrew since he was a pre-school prankster wreaking havoc on playdates. Before I blinked, there he was, all grown up.
Andrew (now 17) is emerging as a thought leader for Generation Z, the just-being-defined generation that follows the Millennials – the cohort that’s coming of age right now.
We didn’t have time to delve deep. I was between meetings with our marketing team, and Andrew had a conference call with his editor. “So Andrew, as a marketer, what’s the one thing I need to know about Gen Z and planned giving marketing?”
Andrew didn’t hesitate, “The BS filter is on!”
He elaborated, “You know how your daughters are way into Snapchat and not into Facebook or Instagram? It’s because you can’t edit Snaps. Snapchat is real. It’s fast. No BS. It’s Authentic.”
AHA! It’s Authentic! I get it!
He went on to explain what was happening under my roof and right before my eyes, but I was never able to wrap my head around.
Marketing and media messages are coming in fast and furious, and my teenage daughters’ schedules are jammed packed with school, work, social and recreational commitments. Rarely are they sitting around taking in long form communications, and when they do, they’re still multi-tasking.
One hand is on the remote fast forwarding through the commercials and the other is on the phone skipping through the unwanted garbage.
You want to get their attention? Your point better be concise, compelling, and above all, AUTHENTIC.
It all made a little more sense. (I stop short of saying complete sense because, after all, we’re talking about teenagers.)
Generation Z and Marketing
So what do snapchat and Gen Z have to do with planned giving marketing, bequests, and gift annuities for non-profits? Actually, a lot more than meets the eye.
Gen Z is an extreme example of how the brain responds to marketing. The immediacy of communication directly affects the urgency to process it and move on. This constant urgency has literally changed their brains’ sensitivity to BS. Their “junk” meter is on high alert–and it recognizes junk in a split second.
But this onslaught of marketing messages also affects older generations, albeit at a somewhat slower pace.
Grandma and grandpa may not be Snapping between bites at dinner, but they consume and digest advertising messages at a much faster rate than ever before.
Your job is to get their attention in the middle of all these messages.
How do you do it?
You’ll be glad to know, it’s not Snapchat! But Gen Z can teach us how to package and present a clear message. Our own planned giving marketing communications must be concise and compelling in order to stand out.
And the most important thing … it must be AUTHENTIC! The BS filter is on!
Authentic Planned Giving Marketing
Now, I’m not going to pretend I woud have understood Generation Z’s rabid demand for authenticity before I spoke with Andrew. But I will say, speaking with him helped confirm what we already know about effective marketing.
See, people have ALWAYS responded best to authentic advertisements … whether it’s a magazine ad, a TV commerical, or whatever.
It’s just that now, they respond faster and dismiss BS as dishonest, rather than just a marketing ruse.
Donors see right through the templated, mass-produced content. It’s the same content they read from a different nonprofit! Donors recognize that for what it is!
And there’s no reason to go that route anymore. The templated planned giving marketing isn’t easier to use. It isn’t necessarily less expensive or more convenient. And it definitely doesn’t get as good of a result.
Just as Gen Z wants authentic interaction, your donors want authentic communication with you.
Inspire Through Stories
Real-life, power stories of your donors are your best resource for uncovering new prospects. Download this guide to access writing tips that help you inspire your donors through story telling.
One of the easiest ways to increase interest in a planned gift is by tearing down fundraising "silos" and viewing a donor's giving behavior in a more comprehensive way. There's a misconception that a deferred gift doesn't benefit an organization today. Instead, the...
As a Planned Giving Fundraiser, you spend a lot of time and money using marketing to nurture prospects. How do you know it's working? Practical Solution Announcement JEFF: The beauty of digital communication right now is that there are a ton of metrics being generated...
What is the most important thing to communicate during a donor call? Transcript: GREG: What we have found is that a specific deferred gift may not have come out of donor calls, but we get so much qualifying information! We've found as a frontline fundraising staff,...
How to use stories to increase the rate of respond in your planned giving marketing. Transcript: JEFF: Just as a practical example. One of my favorite success stories is from a public college in PA. They were working to transition annual fund donors into planned...