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Marketing and Motivating Boomers and Beyond

Archive for April, 2010

Elderblog Offers Insights into Boomers & Seniors On The Move

Wednesday, April 28th, 2010

I’m a fan of people watching. Airports are prime spots as are downtown shopping areas. I am particularly fond of seeing people meeting and parting, and imagining the next chapter in their stories. Of course I never get to find out what happens next.

The Blogosphere has opened up a new form of people watching for me, albeit a virtual one, and the plus is that I can find out what happens next. A case in point is Ronni Bennett’s terrific “Time Goes By” blog—“what it’s really like to get older.”

Ronni Bennett - Time Goes By - ElderbloggerAt 69 years of age Ronni decided to move about as far as possible within the continental US, from Portland Maine to Portland Oregon. (And while you might think the location decision had something to do with the “Portlandness” of it, that was just poetic coincidence.) On her blog, she has been chronicling her move.  These posts offer insights for those marketing real estate to Baby Boomers and beyond.

Emotions Dominate When Searching for a New Home

A cross-country move is unusual for Baby Boomers and beyond. The 2009 study by MetLife and the National Association of Home Builders found that 67% of those aged 65-74 plan to age in place with only 12% expecting to buy another home.

Yet the overwhelming reason seniors move is to be closer to family and friends. Ronni was born in Oregon and her brother lives there so this is very much a “going home” move. I think Ronni put it perfectly in a February post:

I have often thought that as we grow into our late years – the winter of our lives, if you will – there is an emotional pull, for those of us who have wandered away, to the homes of our youth.

Whether the draw is family or friends or the familiarity of your hometown, most of us tend to agree with Dorothy and Toto that it’s nice to get home. Or, as Ernestine, one of Ronni’s regular readers, posted in her comment:

Bottom line is whatever years we have left on earth – we need to be where our heart leads us.

As we age we’re more likely to listen to our hearts. Seniors base more decisions on emotions vs. logic and that is exactly what Ronni experienced as she blogged the day she took that big step of listing her home for sale.

 So I made the decision on the spot Saturday while the agent was here.

The decision wasn’t without prior thought and consideration. Yet, when it came to taking that first concrete step of moving, emotions ruled.

Three Lessons for Marketing 50+ Housing

What can builders and developers of new active adult communities, owners of CCRCs, Assisted Living Facilities, Realtors, and others involved in housing Baby Boomers and the Silent Generation learn from Ronni Bennett and her readers?694006 (more…)

Are Baby Boomers Really Ready to Move?

Wednesday, April 14th, 2010

The 2010 Del Webb Baby Boomer Survey was just released, and the nation’s largest builder of active adult (55+ age-qualified) communities concludes that Boomers are ready and willing to move upon retirement.

“According to the Del Webb survey, nearly a third of older Baby Boomers plan to move in retirement, with more than 50 percent planning to move to a different state, about 25 percent of them planning to move to a different city within the same state, and less than 20 percent of older Boomers planning to move within the same city.”

So, are we going to see a great movement of Boomers criss-crossing the country in the coming years?  The definite answer is: It depends.720034

What I find fascinating is that the results are different from the MetLife Mature Market Institute (MMI) / National Association of Home Builders 55+ Housing study which was completed just last year. It could be that the samples and questions are different, but Del Webb concludes that the Boomers are more mobile than MMI found.

Creating Results has spent more than 15 years of marketing real estate to older, more affluent homebuyers, including a large number of premier active adult communities. What we have found is that – absent the high cost of living states and escape from urban areas – only a small percentage of people are willing to move more than 100 miles.

Most people don’t want to move at all and would prefer to age in place.  In 2009, this desire helped turn active adult housing from a sweet spot into a question mark.  Boomers and beyond stayed put.

National studies can provide insights into broad trends, but it is generally not helpful (and even potentially dangerous) to apply the findings to individual communities. Motivators  vary significantly.  It is important to conduct specific research to develop target markets profiles for each community.

We also caution people against making assumptions about grandchildren and children.  For many Baby Boomers, this is a critical motivator.  However, for others it’s just not that important.

Child and grandfather in clubhouseWe wonder what percentage of the respondents to the 2010 Del Webb study were single.  In our experience, that is a growing market in which prospects often are not as concerned about proximity to grandchildren. In some of the active adult communities we market, 1/3 of the buyers are single and they complain that a focus on grandchildren makes them feel excluded.  They are concerned that they won’t fit into the commuinity.

One Del Webb finding that we agree with entirely is the importance of access to health care. This seems like a no-brainer, but few builders have the courage to address this top level concern in their marketing materials. They are afraid that it takes away from the lifestyle message.  We believe that proximity to quality health care serivce is part of the lifestyle message.

What do you think of the 2010 Del Webb Study?  Share your thoughts below.

Time to Move Beyond “Elders Fear Technology” Stereotypes

Friday, April 9th, 2010

“What do you typically do when you’re having a problem like that?” L, the vivacious 80-something woman who was participating in one of Creating Results’ web usability testing sessions, laughed.  “I call my son,” she said, “and he always tells me it’s operator error.” 

L was one of five seniors who participated in our web research that day.  All were residents of continuing care retirement communities in their late 70s and 80s.  None was afraid of or intimidated by computers.  They were occasionally frustrated.  Not sure of the value of some online features.  But certainly not overwhelmed by technology.

If marketers read the mainstream press, you’d likely have the idea that the Silent and Greatest Generations are gripped by “sheer terror” when faced with computers.  The latest offender was the Boston Globe, with their article “For Elderly, Wired World Holds Terror – or Delight.“  Which is why we applaud aging technology expert Laurie Orlov for calling them on it.  She writes – “Enough: Newspapers are fueling terror among the elderly and computers.”

This one from the Boston Globe searches for a way to write condescendingly about seniors and their fear and loathing when it comes to using a computer. We’re so lucky — a Harvard professor has offered their ‘insight’ about the acceleration of the ‘pace of change’ and the Cambridge Health Alliance, offering insight on how it takes longer to learn new things.  Gee, was this a study? Oops, no, just a few anecdotes, vastly enhanced by the entertaining comments from seniors who have been using computers for years.  Maybe that’s how they read the Globe — which would be a revenue-free access method.

(For both articles, check out the comments for additional insights.)

If you’re marketing to the Silent Generation or the Greatest Generation, we urge you to look beyond anecdotes and “me-search.”  Instead, look at the research from the Pew Research Center (38% of 65+ Americans are online, 6% of Silents have a social networking profile, they are divided on whether technology isolates us or brings us together), Nielsen Online or eMarketer.  The wired world is not either black and white; seniors react and adapt in more ways than either terror or delight. 

You also can help Creating Results fight stereotypes by participating in ongoing research.  If you’re over 40 and have an opinion, please take our current surveys (roughly 3 minutes, anonymous):

Not over 40? Please share these links with someone who is. We’ll be sharing the findings here and at industry conferences, doing our part to move marketing beyond this (as Orlov calls it ) “fear-and-loathing-in-computerland.”

A Box of Insights for Mature Marketing, Courtesy of My Nana

Thursday, April 1st, 2010

Yesterday, we buried my 98-year-old grandmother, Claire Ogg.  This week has truly been a celebration of her life – far more smiles than tears. 

Born in 1912, “Nana” was a member of the cohort we call the Greatest Generation.  She had lived through the Great Depression and it defined many of her attitudes and behaviors.  For years she kept money literally under her mattress.  And in her latter years, her most important documents were kept in a small green cash box.  That little box holds not only memories but insights for those marketing to Baby Boomers and beyond.

* People are driven by their passions.  Nana was an RN who had served as a visiting nurse in Rhode Island for more than 12 years.  The little boxGreenCashBox had several items related to nursing, even though she had retired many decades ago.  Her passion for medicine and wellness was evident until the end.  If you’re marketing to retirees, don’t forget that these people are more than their employment status.  How does your community, your product or service help them stay connected to lifelong passions … or even develop new ones?

Passions are not just a Boomer or senior marketing issue.   As eMarketer noted this week, influencers in the social media sphere – those brand advocates many companies are trying to cultivate for earned media - are “most identifiable not by demographics but by behavior.”

* Life is funny.  Comic strips and funny cards found were among her treasures.  Nana’s quick wit was legend within our family and within the wonderful Jeanne Jugan Residence, a nursing home run by the Little Sisters of the Poor where she spent the last four years of her life.  

Humor was one of the ways she dealt with the physical realities of aging.  She loved to tell of the great-grandchild who, on Easter morning, asked “Was Nana there when Jesus died?”

Life is full of fun, no matter what your age.  Try some humor in your marketing and you’ll be connecting with your targets on a whole new (and effective) level.

HPIM0452* Family first.  The lock box was filled with birth certificates of those who came before and after our Claire.  My grandmother was an only child.  She had two children, 13 grandchildren and 32 great-grandchildren.  (#33 is due in August.)  Family was paramount.  And family influenced her purchases.  Even when she didn’t consult us, she always considered us when making decisions, which is another valuable insight for marketers.

* You can make your own family.  Nana’s dad skipped out on the family a few weeks before she was born.  Nana’s mom moved them into a house with an unrelated grandfather and several aunts.  It made economic sense.  I see echoes of this in Pew’s recent research showing the “return of the multi-generational family household.”  It also made emotional sense; my Nana benefited from a built-in family.

When Claire herself was in her 40s, she and my “Boppa” made the young couple living downstairs a part of their family.  So, in addition to my 10 real cousins, I can count another 9 sort-of-cousins thanks to Nana.  Mixed in with the memories in that little green box were clippings on “cousin” John’s high school track triumphs and “cousin” Jim’s wedding announcement.

My own generation – Gen X – has been distinguished by the way we create our own families.  Many of us were latch-key kids, with childhoods marked by divorce.  Our biological families may be scattered across the country or globe, so we cobble together our own clans.  Just one more insight that helps marketers see beyond a definition of age and focus on what matters to individuals.

* Manners count. That young couple from downstairs had 4 children in 5 years.  We found in Nana’s box a letter thanking her for watching the kids while they took a much-needed vacation.  We smiled as we read this and other notes of gratitude that she had kept and re-read, some for 50 years.  Where are manners in your marketing program?  Do you build in opportunities to show your gratitude, to say “thanks”?

I hope as mature marketers we can take some time to think about targets and what they keep in their own small green box.  Then, give thanks to my Nana for her insights.  I know I always will.


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