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Marketing and Motivating Boomers and Beyond

Archive for October, 2009

Active Adult Housing – Innovation in 2010?

Tuesday, October 27th, 2009

Housing for SeniorsGenerational marketing expert Todd Harff tells Housing for Seniors that 2010 will see innovation in the active adult (50+) housing market.  What form will that innovation take?  Many forms.  Harff says it’s clear that builders are focused on new concepts and marketing strategies, and that some past trends targeting Baby Boomers and beyond have run their course.

What’s Out:

  • Vaulted ceilings are a trend that has run its course with Baby Boomer homebuyers, says marketing expert Todd Harff.10-foot ceilings: Harff asks: “Do you really need that?” Boomers and “Silent Generation” consumers are going to want reduced heating and cooling costs. Higher ceilings equal more space, which equals higher utility bills….
  • Loading up on high-cost green features: 50+ homebuyers love the idea of having green features in the home, but very few of them are willing to pay extra for them.
  • Luxury and Excess: Granite is nice, but is increasingly considered unnecessary by these consumers, says Harff.

Read more of Brian Shappell’s interview with Harff at http://www.seniorsnews.net/emailstory/HSR/3383 to learn about other trends that are out and what builders can do to prosper in an uncertain market.

Builders of new homes for Baby Boomers and other 50+/mature buyers are looking at how to survive and thrive in the coming year.  The only way to make money is to create new products that don’t compete against all the supply currently in the marketplace.  

Creating Results has been working with clients to develop products that are more affordable and yet so appealing that they motivate people to move. We’re changing services and amenities, and getting creative with designs (not to mention the marketing). 

We’d love to hear from you – what do you think is going to be in or out at active adult communities in 2010?

Study of Mature Homebuyers, New Home Builders Shows Need For Clearer Marketing

Tuesday, October 20th, 2009

Kudos to MetLife and NAHB who recently released a study about how builders were doing meeting the expectations of the mature market (Baby Boomers and beyond).  At Creating Results, we love research!  Decisions can be made based on data rather than that gut feel in your stomach or the old fall-back “we’ve always done it that way.”  In this economy, when budgets have been cut to the bare bone, research often has been the first to go.  Thanks to this study, marketers and builders have a little more insight into what Boomers and seniors are looking for in a new home.

What Mature Homebuyers Want, and Builders Aren’t Offering

The report, 55+ Housing: Builders, Buyers, and Beyond, found that

“While consumers expressed a preference for maintenance-free lifestyles, with services such as interior and exterior home repair, transportation, housecleaning, etc., few builders offer such services, which depart from their primary business of construction.” 

63% of the 1500 respondents stated their primary reason for moving was the desire for a maintenance-free lifestyle. That beat out moving to be closer to family or friends as well as a wish to reduce the cost of living.

In our work with active adult builders and community developers we have found as many definitions of “maintenance-free” as there are “green building.”  The Boomers and older homebuyers want, and in many cases need, all of the exterior maintenance taken care of for them.  This goes beyond mowing the lawn to include fertilizing, leaf raking, and mulching of flower beds; cleaning the gutters and washing the windows; clearing snow from driveways and lead walks … 

Real estate marketers need to be sure that online/offline materials are specific on what is and is not included in a community’s “maintenance-free” lifestyle.  Clear details (and more services) will speed sales.

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What Builders Offer, But Buyers Don’t Appear to Want

Creating Results’ 15 years of marketing to Baby Boomers means we understand the need for builders and community developers to communicate new features and their benefits very clearly to prospects.  Universal Design (UD) is a case in point.

NAHB’s research showed that consumers didn’t fully appreciate UD features like lever-handled doors knobs and wider doors and hallways that builders are already putting in to new homes. 

Why?  Perhaps because those door knobs are now anticipated, viewed as a luxury feature but expected to be included as standard.  Those old round ones are boring and just so passé.  And not because the market perceives them as UD-friendly but because levers are the new generation of door knobs. 

Wider doors and hallways?  My guess is that customers do appreciate them because they make the entire home feel more spacious. But value?  It’s hard for consumers to assess a value to space like this—we’re not talking the latest hi-tech feature or granite countertops here.  And, like the lever-handled door knobs, buyers don’t connect the feature to UD benefits.

The communication challenge is to educate our Baby Boomer consumers on the lifestyle value these and other features in the home and community provide now and in the future.  Whether your Boomer buyer is 62 suffering with arthritis in their hands or simply has an armful of laundry those lever-handled door handles will be appreciated.

How will you apply this research and insights to your marketing?

A Vision Thing – Keeping Marketing Sharp, as Baby Boomer Eyes Age

Thursday, October 15th, 2009

Worried about how you, your brand and your products look to consumers?  When marketing to Baby Boomers and members of the Silent Generation, keep in mind that many of your targets won’t notice whether the flourish on your logo is to the left or right … because they’re dealing with vision loss.

And it’s not just my 97-year-old Nana who’s relying on magnifiers to read the paper. Roughly 1 of every 28 Americans over 40 is affected by blindness or low vision.

Vision Loss and Aging Baby Boomers

We’re talking about 40-year-old men holding your menu at arm’s length because the lens of the eye struggles to focus (presbyopia).  Or 60-year-women with computer vision syndrome (more Baby Boomers associate eyesight problems with screen time than any other group).

The statistics on aging, eye diseases and vision loss are sobering. 6.5 million Americans over the age of 65 have a severe vision impairment, and that number is expected to “boom” in coming years.

As Camille Sweeney of The Chicago Tribune reported:

With the last of the Baby Boomers turning 45 this year, experts in the eye care industry say the potential for the presbyopia correction market is huge.

Dave Harmon, president of Market Scope eye care research company, said 85 million Americans have presbyopia; 35 million of them wear reading glasses; 16 million wear multifocal or monovision contact lenses; and 34 million wear bifocals or multifocal spectacles.

This translates into a lot of people searching for other optical options.

It should translate into a lot of marketers looking at their designs and customer touch-points to be sure they’re accessible (without going overboard).

Eyes Change as We Age, How About Design?

Even without an eye disease, research shows that three key changes take place in our eyes as we age:

* The lens yellows. It becomes harder to distinguish blues, greens and purples.

* The lens absorbs more light, leaving less light available for seeing.

* It becomes harder to handle glare.

So …. What can marketers do?  Here are some general design guidelines for the actively aging, mature consumer.

1. Make fonts a little larger for readability.

2. Choose those fonts wisely – condensed and excessively swirly fonts are tough to read at any age.

3. Use images – verbal memory declines faster than visual memory as we age, so photos are a powerful way to tell a story.  For more on what photography is most effective with 40+ consumers (from GenX to Baby Boomers to seniors), download our free eBook.

4. Don’t use high gloss papers when printing.  Consider dull coats to minimize glare.

5. Consider ways to make your sales center/retail experience easier to navigate for all.  The Wall Street Journal reports that Walgreens is improving aisle signs, Rite Aid is using bigger type on its packaging and Family Dollar is considering their lighting.

6. Don’t clutter up your website.  Make navigation clear and easy to understand.  (Heck, that web design guideline has no age limit.)

7. Add text-sizing tools to your website.  In addition to being helpful, these tools give your users control over what they see and how.  Control is a good message to send, since 75% of us are deeply concerned that severe vision loss would take away our independence.

50+ers (Baby Boomers and beyond) account for 45% of all US consumer spending.  And people buy what they see.  Are you doing what you can to help mature consumers see your marketing clearly?


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