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Marketing and Motivating Boomers and Beyond

Archive for the ‘Generation Jones (trailing edge Boomers)’ Category

CR Speaks! Marketing News (and Presentations) You Can Use

Thursday, April 18th, 2013

We’ve Updated our Library

Gain insights into marketing to Boomers and Seniors when you click here to view our library of recent presentations.

You can learn:

Aliging Brand with Mission1. The Ins and Outs of Social Media: Explore how to use social networking to motivate the 50+ consumer.
2. The Nuts and Bolts of Email Marketing: Discover how you can effectively reach mature consumers, motivate them to act and measure your results with these simple action steps.
3. How to Align Your Brand with Mission: Learn how you can develop an authentic brand that allows your organization to thrive.
4. The Power of Generational Marketing: Identify how to move various cohorts through the purchase funnel.
5. How to Market to both Gen Yers and Boomers using Social Media and more: Identify the similarities between the two generations and how you can leverage within your marketing efforts.

Upcoming Events and Presentations
VANHA – May 21-24 – The Homestead, Hot Springs, VA
LeadingAge PA – June 19-21 – Hershey Lodge, Hershey, PA

Click here for a list of all upcoming speaking engagements. If you’ll be attending any of these conferences, we hope you’ll a) attend our sessions and/or b) meet us for a coffee! Just email todd@creatingresults.com.

 

War of the Worlds? Email vs Social Media Marketing for Targeting Older People

Tuesday, March 19th, 2013

Recently Creating Results has spoken about the benefits of an integrated email and social media strategy at a variety of settings, including the LeadingAge annual meeting, International Conference on Active Aging, the Planned Giving Group of New England, and the International Builder Show.  Some audience members express concern with how to effectively use each avenue to reach mature consumers, others worry about how to avoid fatiguing followers and yet others aren’t sure how to establish each avenue independently.

Some marketing experts will tell you to never, under any circumstance should you promote the same messages within these two channels. CS Penn cites cannibalizing your list and fatiguing your followers as risks of cross promoting social and email.

I love CS Penn and recommend you subscribe to his blog (if you don’t already). But I have to say that I disagree to an extent. Below we’ve identified the pros and cons of running a successful email and social media marketing program that targets Boomers and Seniors, and how you can maximize both.

CON: 

According to Penn, “if you share a newsletter socially, meaning that it’s viewable on the web from social media posts, does that then mean that your most engaged fans (who follow you, Like your Facebook page, etc.) will read straight from social and not open the email?”

PRO:  Mature consumers are flocking to both avenues, so why not leverage to reach a larger audience.Email by Age Group from Pew Research

According to Pew Research Center’s Internet & American Life Project, 52% of Internet Users aged 50-64 are using social networking sites, as are 32% of 65+ers online.  Pew’s 2012 Generations Report found that 90% of online Boomers and and 86% of online Seniors use email.

How To Maximize

Many marketers will call out social media efforts within email by incorporating icons and links within their messaging to their social avenues.  While this is a good start, you need to take it further to be successful.

1.    Distinguish Yourself:
Formulate a concrete email strategy and a concrete social strategy that clearly identify the benefits to each.  And (most importantly) the lion share of those benefits needs to be DIFFERENT.  For example, a benefit of email sign up could be special event invitations and a benefit exclusive to social media channels could include behind the scenes tour/images.

Boomers and seniors especially can be sensitive to perceived privacy issues from both avenues. Be sure you are as clear as possible when describing the benefits of both email and social, and let them know you won’t sell their information.

2.    Know the Differences:
The nature of the engagement through these two channels is inherently different. Social media is a more immediate, one-on-one communication channel (I can respond to an engagement in real time, as can other followers). Email is a one-way communication with opportunities to engage through other portals. It requires a stronger call to action than social.

Yes, if you’re posting the same info all the time on both avenues it doesn’t make sense to share your emails in the social world.  Both channels are comprised of followers who want exclusive content.  That needs to be a chief priority when creating content for either avenue.  If you do this you can absolutely cross promote the two.

3. Email and Social Play Nice:
Both email and social media have great capabilities for allowing brand enthusiasts to spread the word through icons and forward to a friend tools …  In other words email can grow your social base and social can grow your email list so be sure to use them accordingly.  All emails should include links to your social media and many Email Service Providers (ESPs) provide ways to integrate an email sign up form right within your Facebook page.

Do your email and social strategies share nicely?  Let us know how you approach to integrating these two marketing avenues.

RELATED POSTS:

What Older People Do Online-Infographic

Social Media and Marketing to Boomers, Seniors

Facebook, Internet Users More Similar to Offline Population Ages Than Ever

 

Is 50+ Housing Declining or Thriving?

Thursday, February 9th, 2012

That provocative headline is the topic of a panel Todd Harff will host today at the International Builders’ Show in Orlando. Todd will be joined by three panelists who are nationally respected developers/marketers of a dozen communities catering to 50+ homebuyers.

What the panelists have in common is persistence, creativity and success. What distinguishes them is the variety of approaches they use to reach 50+ homebuyers – from senior rentals to multifamily to age-qualified communities and $900,000 single family homes. As Todd puts it, “Success in 50+ housing doesn’t come in one size anymore. ”

No one disputes that the population is aging.

No one disputes that there is opportunity in addressing the housing needs of people in their fifties and beyond. However, there is much debate over what the housing and communities for the active adult should look like and live like.

Let’s face it, our world has changed. We know that the large scale master planned retirement communities are too capital intensive to get started today. We know that many age-qualified communities are struggling. What isn’t clear is where the opportunity is to make money with the 50+ homebuyer.

Economic Realities Differ by Age Group

Money is a critical issue with today’s 50+ buyer, as Todd demonstrates in the following three graphs. These show how developers must consider the different circumstances of different age bands within 50+ housing.

75+ homeowners saw their income go up in the late 90s and then pretty much go flat in the last five years. Those who are 65 to 74 are continuing to do well. They had a little dip in the last recession of 2001, but in 2010 they were hardly hit.

Contrast that with the next chart which shows 45-54 year olds. Their incomes have taken a much harder hit. This group had been the “move-up buyer.” Now, they’re not moving up.  This in turn is making it harder for active adults to sell their homes.  “It’s not just the rich that are getting richer, it’s the older getting richer”, observed  Todd

As the following chart shows, older Baby Boomers are actually better off economically than most other age groups. If you were fortunate enough to be in your 20s in the year 2000, your household income was nearly $46K a year. Ten years later, the household income of mid 20-year-olds is struggling to get to$40K. But for the people who are 65+, every year is getting better and better. Their best year was last year!

Asking the Tough Questions about the Future of 50+ Housing

Todd will be putting some challenging questions to his panel today, including:

* Are age qualified communities viable anymore or are they too restrictive?
* Is it possible today to have a successful homebuilding business that focuses on high-end homebuyers?  What features and amenities do today’s buyers want?
* How is the age-in-place movement helping and hurting 50+ housing?
* What advice would you give to a builder looking to succeed in this market?
* What did you do differently last year that was successful?

Tune into this blog next week to read some of the answers provided. Or, share your own answers and thoughts, below!

RELATED POST: What is the Future of Active Adult Housing?

Mature Marketing Tweets of the Week- 12/19/2011

Monday, December 19th, 2011

Tweets from @CreatingResults over the course of the last week that were most shared, discussed and clicked.  Happy Tweeting!

By far the most shared post was Gaining Boomer and Senior Marketing Insights from Social Media. Find out what messages/strategies are hitting (or missing) the mark. Todd Harff recaps a number of resources that can be extremely helpful in determining and leveraging boomer and senior social preferences and behaviors, including  LinkedIn’s which allows you to see what is generating the most interest segmented by industry or group.

Statistics on Groups in LinkedIn give insights for marketing to baby boomers, seniors

Other Top Tweets:

1. Santa’s Senior Secrets- An infographic chock full of not only holiday cheer but stats on seniors the world over.

Infographic - Statistics for Seniors Marketing - Secrets of Santa Claus

2.  Baby Boomer social media revolution: More and more boomers flock to sites such as Facebook and Twitter.  How will you reach them?

3. Seven reasons direct mail and print remain effective marketing tools.

4. Interesting article via @AllThingsAging examining the rise of Ethnogeriatrics within diverse communities.

Social Networks on the Rise, Email for Everyone, Finds Pew

Monday, December 20th, 2010

The Pew Internet & American Life Project released its second ‘Generations” reportlast week, with data about what various cohorts – from Gen Y/Millennials to Baby Boomers to the Greatest Generation – are doing on the Internet.  Turns out, these cohorts are becoming more alike in their online activities.  A quick synopsis:

Activities Dominated by Millennials

Pew found that Gen Y/Millennials aged 18-33 are much more likely to use instant messaging, watch a video, or play online games.  While larger numbers of older Americans are joining online social networks, they still lag their grandkids/great grandkids in this activity.  Social network sites are used by:

* 16% of Greatest Generation (74+)
* 34% of Silent Generation seniors (65-73 years old)
* 43% of older Baby Boomers (56-64)
* 50% of younger Boomers (aka Generation Jones, 46-55)
* 62% of Gen X (34-45)
* 83% of Gen Y/Millennials

Use of the Internet itself is an area where older cohorts still lag.  79% of all Americans go online, states Pew, yet younger folks are overrepresented in a census of Web citizenry.

The percentage of each generation who go online

Chart: Pew Internet & American Life Project, Generations 2010

Online Activities Where Older (Gen X, Boomers & matures) Dominate

Pew found only 2 areas where older cohorts are more likely than Millennials to be active:  visiting government websites and getting financial information online.  Consistent with lifestage, Baby Boomers and Silent Generation seniors are spending the most time seeking out financial information, including mortgage rates, stock quotes and advice to help them plan for retirement or make the best of un-retirement.

Everybody Loves Email

As Pew puts it, the bulk of online activities are now more consistently popular across the age groups.  Some have significant differences between the oldest cohort (Greatest Generation) and the youngest (teens & Millennial) generations – if they didn’t, THAT would be a headline!

For marketers feeling the pressure to put dollars into social media, if you’re targeting Boomers and beyond, remember that email is used by nearly 9 in 10 of all people over 50.  Email is the most popular of all online activities regardless of age:

* 88% of 74+ers
* 90% of the Silent Generation
* 93% of older Boomers
* 91% of younger Boomers
* 94% of Gen X
* 96% of Millennials

Now that Pew has detailed what online activities Boomers and seniors are pursuing, how do you apply these statistics to your marketing program?

In January 2011, Creating Results will release findings from our proprietary, national survey of mature consumers that could offer some answers.  More than 400 consumers over 40 answered questions about web preferences – pet peeves, favorite features & more – and attitudes toward social media.

And we went “beyond the numbers,” inviting 40+ Americans to share their opinions in their own words.  There also are specific take-aways for those marketing housing to Boomers and seniors.

To be first to receive the full findings of “Social, Silver Surfers,” please register here:  http://www.creatingresults.com/silver_social_surfers/.

How Baby Boomers Eat, Pray, Love

Wednesday, August 18th, 2010

Last Friday, “Eat, Pray, Love” opened in movie theatres around the nation.  It’s likely many a Baby Boomer woman was in the audience, marveling at the tale of self-discovery.  Professionals marketing to Baby Boomers and 65+ seniors can discover a few insights into their own mature audiences by considering how we eat, pray and love.

Baby Boomer Spending on Food

* I really appreciate The Bundle’s infographics that illustrate household spending by age.  Take a peek at their 2010 report and you’ll see that Baby Boomers (aged 50-65) and Silent Generation (65+)  spend more on food and drink than the “coveted” 18-25 year olds – $6,992 and $5,211 respectively.  36-49 year olds are the tops in food and food and drink, averaging $7,487 in 2010 per household.

* Reflecting their lifestage, 35-50 year olds spend the most each year on groceries - $4,322 per Bundle.  50-65 yr old BInfographicFoodSpendingByAgeoomers are in second place, spending an average of $4,001.

* Mature marketing expert Brent Green has called Baby Boomer men the “next marketing frontier,” noting that men are more apt to spend than save (even in a downturn) and more prone to buy national brands at the grocery store.  (more…)

A Gen Xer, Boomer, Silent and WWII GI Walk onto a Golf Course

Thursday, July 29th, 2010

No, it’s not a joke.  It was on the second green when I realized that our group represented four generations.   What had caught my eye was watching an 89 year old member of the Greatest Generation bending down to fix the ball mark that the Boomer’s ball had made.  The Boomer had walked past it, either oblivious to it, or perhaps thinking he would fix it at some point in the future.  The GI took care of it and a few others while he was at it.  The Boomer didn’t notice or express appreciation.  This happened many more times during the day.  At the end of the day, the course was in better condition because a member of the Greatest Generation had played there.

Creating Results studies different generations and segments  to help companies connect with mature consumers, but we don’t often get to play with them.  As the round continued, I noticed more behaviors that demonstrated typical generational characteristics, but I also saw that we were individuals rather than stereotypes.  The Boomer easily regaled us with stories about his successful children and the state of his business and the impact of the recession.   He shared a story about when he had come to play with the Silent and GI ten years ago.  He had put his bag on a golf cart and planned to ride around the course.  The Silent showed up and pulled his bag on a hand cart.  The GI, then 79 years old, carried his bag and walked all 18 holes.

The Silent was, for the most part, silent.  He asked questions, helped the others find their balls, and offered suggestions on playing the course.  A course he had helped to design surrounded by conservation areas he had saved from development, but one would never have known that from his actions.  The Silent had organized and funded the entire outing with the only objective being to have a good time with some people he respected and whose company he enjoyed.

The GI was frustrated with the quality of his game and complained at one point, “I need to practice more.”  I asked how often he played and he said, “most everyday, but I need to practice more”.  Despite his “under performance”, he cleaned our clocks.

dday

For the Greater Good

The GI volunteered little information.  But when asked direct questions about his experiences as a member of the 82nd Airborne in Normandy, the Battle of the Bulge, his life after the war, and his children arranging for him to return to Normandy for the 65th anniversary commemoration, he somewhat reluctantly shared stories that have stuck with me.  Listening to him was humbling.  I had no doubt in my mind that I had the honor to be in the presence of a member of the Greatest Generation.

After the war, the GI lived many lives, but through all of them was a theme of public service.  He devoted much time to volunteering on town councils, creating affordable housing and assisting a multitude of charitable organizations.  For longer than I have lived, he has organized his town’s 4th of July celebrations.  That meant for years I had seen, and yet not seen, him march with the Veterans.  I was inspired and yet disappointed when I reflected on my comparatively meager contributions to society.

My golf that day was horrible, but it was the best round I’ve ever had.

The Age of Social Networks? Mature

Thursday, March 25th, 2010

“In social media, not only do women rule, but it seems that the middle-aged are Social Media’s largest share holders,” writes Brian Solis in a new blog post.  Solis shares new data from a Pingdom study of 19 social networks which found the age groups that dominate the social Web are 35-44 (Gen X, 58%), 17 and under (21%) and 45-45 (younger Baby Boomers, aka Gen Jones, 16%).

In the past, we’ve counseled those marketing to Boomers and beyond to go slowly and be choosyPingdom’s studycould help marketers make some of those choices.  They found that the 35-44 age group “dominates the social media sphere,” representing 25% of the users across 19 sites.  This age group is the largest segment on 11 of the 19 social media sites.  Those 45-54 are tops on another 3 out of the 19 sites Pingdom reviewed.

AgeDistroSocialNetworkSites.pingdom

Where will you find …

The average user of a social networking site is 37 years old, reports Pingdom.  They then calculated an average age for each of the sites they studied.

* Looking for Millennials?  Try Bebo – average age 28.4.  MySpace and Xanga are close behind.

* For the not-so-Silent Generation, you might have luck with Classmates – 8% are over 65, making Classmates the site with the largest share of this mature cohort.

* Does (Gen) X mark the marketing spot for your organization?  61% of Facebook users, and 64% of Twitter-ers are over 35. 

* We were surprised to discover 20% of Friendster users are between the ages of 45 and 54, which makes them trailing edge Baby Boomers (also known as Generation Jones).

* And LinkedIn, as we’ve noted before, appears your best bet for Boomers in general.  Average age is 44.3 years old.  That’s up three years since we shared our thoughts on LinkedIn as a mature marketing vehicle in September of 2009.  More than 35% of are between 45 and 64 years old.

Be sure to read Pingdom’s post for a chart with the average ages for each of the 19 sites under review.  Useful information for those preparing their social media marketing strategies.

P.S.  Creating Results has been conducting research into the attitudes of 40+ consumers towards social media.  We recently opened up our survey to a national audience, putting a 3-minute poll online.  Whether you love or hate social networking, we’d love to hear from you!  Follow this link:  http://www.surveygizmo.com/s/233384/40-plus-social-media

Generational Snapshots from Pew Research Center

Monday, March 1st, 2010

The Pew Research Center’s latest study, “Millennials: Confident. Connected. Open to Change” provides insights for marketing to Gen X, Baby Boomers and Silent Generation as well as the nation’s 18-29 year olds.  This week we’ll post short takes related to social networking, economic outlooks and other topics.  We recommend reading the full study and spending some time with the terrific interactive graphs that compare the generations todayand when they were at the same age as Millennials are now.

Do Generational Distinctions Matter to Marketing?

How we see ourselves does matter to marketing, so it’s interesting to note that each of the four generations told researchers that there are reasons they are unique. 

First, here’s how Pew defines the generations:

  • Millennial: Born after 1980, currently 18-29 years old
  • Generation X:  Born between 1965-1980, now 30-45 years old
  • Baby Boom: Born 1946-1964, currently ages 46-64 (includes both leading edge/older Boomers and the trailing edge/younger Boomers often broken out as “Generation Jones”)
  • Silent (aka “Ikes”): Born between 1928-1945, now 65 years old or better

Now, here’s how each generation defines what makes them different than the rest.

0210WhatMakesGenerationUnique.PewReschCtr

All of the generations except the Millennials said work ethic was a distinguishing trait.  This is especially ironic because Pew’s study also shows that 15% of Millennials reported being successful in a high-paying career was one of the most important things in their lives (vs. only 7% of respondents over 30 years old who felt that way).

The report cites Millennials (61%) and Silents (66%) as saying theirs is a unique generation.  The Silent Generation respondents were most likely to say that theirs is not just a different generation, but it is better/stronger than the others (4%).

Silents also were most likely to say that the historic times in which they lived were defining of their generation.  (Check out this case study of branding/market research done for a museum focused on WWI and WWI experiences to see one way we’ve applied this type of insight.)  Perhaps this will get lazy marketers to stop tossing peace symbols and Woodstock references into every Boomer-oriented ad?

REI TV: Two Ads, Three Generations, One Missed Boomer Marketing Opportunity

Tuesday, January 19th, 2010

Just before the holidays, REI released its first-ever TV advertisements - two spots that depart from typical outdoor gear marketing that show products as heroes and outdoor enthusiasts as superheroes.  Designed to inspire sales during the holiday season, they actually inspired a first-ever “generational face-off” blog post from the Creating Results team: will REI’s new TV ads connect with Baby Boomers and beyond?

The REI Holiday TV Ads

Both new spots feature intergenerational groups.  In one, a group of hikers (including a sixty-something gent) wait for the rain to stop under a rocky ledge.  In the other, a mother and daughter enjoy a meal of peanut butter sandwiches on a cold mountaintop.  Both depict the outdoors as perhaps a little wet, cold or uncomfortable but still fun.

Holiday Hikers/Just Add Water (cave)

Mountain View/4-Star Dining

Tom Vogl, REI vice president of marketing, says “We hope viewers find them inviting, fun and authentic…”

Dan Neil of the LA Times says “I think the retailer just walked off a cliff.”

What did our team have to say?

She Said:  Boomers Love the Outdoors, Won’t Love these Ads

It’s only right that Kathy East, VP of Client Services Director and a Baby Boomer herself, starts our generational face-off.

What a missed opportunity!  And worse than that … The elders in both spots are TOTALLY IGNORED!  I’m not feeling all warm and fuzzy about that co-op I joined 35 years ago in Seattle.  Yes, 35 years ago when I was 2 years old 20 years old.  (more…)


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