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Marketing and Motivating Boomers and Beyond

Posts Tagged ‘Marketing’

It’s Loyalty, My Dear Boomer…Email Loyalty

Wednesday, April 4th, 2012

Email marketing consistently seems to be a hot topic around the water cooler at our agency. We talk frequently about leveraging email to reach boomers and seniors, especially for the best way to use it for our continuing care retirement community and 50+ housing clients.  We know it works because we’ve done extensive research on the topic and see great results with many of our clients.

While retail brands have the benefit of built-in special offers and deals they can use to engage, those brands that are selling something different, such as lifestyle and home, tend to face a few challenges in making their email programs as effective.  As an email expert people will ask me “but why does it work” or “what’s so special about email?”  To answer these inquiries I simply channel a response of super sleuth Mr. Sherlock Holmes: “It’s Loyalty, My Dear Marketer.”

What are some key elements that enter into the mix to create loyalty for boomers and beyond?

#1: We found through our Social Silver Surfers research that email is the #1 online activity among 50+ prospects.  The fact that they are using email makes it a viable channel (as long as marketers use it for good and not evil). Additionally, older boomers tend to view email as a social sharing tool.

#2: A recent article from eMarketer  reveals 47% of Internet users respond favorably to email – ranking this avenue as the most favorable online channel.

#3: The mature consumer relies heavily on referrals from friends when making decisions.  While they may act faster when the referral is for a product, the referral process is just as important for relaying positive referrals for CCRCs and active adult communities.

#4: Relevancy is the key currency when it comes to building a loyal email subscriber database. In a world where we are constantly bombarded by messaging, those that specifically address our interests are going to win out.

If you capture preferences of subscribers based on the type of news they want to receive for your community you have a powerful tool for creating relevancy, and thus loyalty.  This can be achieved by sending emails about new home models to subscribers BEFORE releasing online (relevant and exclusive) or extending an invitation to upcoming events to your database BEFORE you invite the general public (exclusive). Here you’ll see an example of some simple categories for subscribers to choose from.  Any of these can be turned into a segmented message to drive relevancy.

#5: Just this morning eMarketer reported on the reasons people subscribe to email programs. It confirmed what we heard when interviewing mature consumers for our Social Silver Surfer research: the primary motivator is discounts and special offers (our research of boomers and seniors found 21% of respondents saw this as the top benefit).

Reasons why people subscribe to emails - eMarketer

According to the eMarketer piece, 26% of people subscribe to gain access to exclusive content (see point #4- I told you so).

Check out the full article via eMarketer.

You can transform your news into a special offer.  This, combined with relevancy is the perfect mix for a loyal mature consumer who will subscribe to your email program (and stay).

What do you do to engage your silver surfers through email? Share your thoughts in the comments section, below.

The Facebook Times Are A Changing

Tuesday, March 6th, 2012

What the New Facebook Timeline Means for Brands (Hint, it’s all good)

During their first annual conference for marketers, Facebook announced the upcoming launch of the new Facebook Timeline for businesses and organizations.  While individual users with personal pages within this social networking giant have been growing comfortable with the new look and feel for sometime, this is a whole new world for brands.

So what does this mean for your existing page?  In a nutshell- more flexibility and features that help create a richer experience for prospects visiting your Facebook page. Currently  you can preview what your page will look like with the new Timeline format with the official transition slated to take place for all pages on March 30 so now is the time to begin thinking about how to effectively navigate the change.

Below I’ve included an overview of the new features as well as an action plan for how you can best convert to the new appearance. According to the  Facebook Marketing Solutions page the new Timeline features include:

1. Cover Photo: highlight an image that is compelling to those who will see your page–a new home model, a photo of a recent event, etc.

2. Pins: position timely news and information to the top of your page for up to 7 days to help motivate followers to action.

3. Private Messaging: quickly view and respond to activity on your page in a personal way- especially important to Boomers and beyond.

4. Timeline: new followers can easily get to know you better by accessing posts and images from previous months or years (without having to scroll down for a lifetime).

Preparing to Launch Your Timeline

Use this checklist of things to complete before you transition your Facebook page to help ensure you are getting the most out of the new look.

  • Identify key dates in your corporate history:  I especially like Lennar’s approach on their timeline- they track dates and images back to their inception in 1950.  The use of imagery and captions are a great way to drive awareness of your history with followers.
  • Create a cover photo that highlights your best assets: There are some new restrictions to the types of images you can incorporate (nothing with pricing, incentives, etc) but the size of the image provides the perfect canvas for highlighting your greatest asset or component of your unique selling proposition. Coca-Cola’s ® timeline is a great example of how you can excite and speak directly to your target market with your cover photo
  •  Create a “Pin Plan”: This is such a great way to encourage people to visit other tabs of your page- photo galleries, email sign up forms, exclusive news, etc.  Unsolicited testimonials are great to highlight when targeting boomers and seniors as these are viewed as authentic, trustworthy sources.   You can pin things for up to a week so make sure your most timely information is highlighted here.
  • Spread the word: encourage your existing prospects to check out your new look and share the news with friends to help generate more followers.  Highlight the switch in blog posts, emails and tweets and include a image and link on your website to help convert traffic to followers.

Resources:  Learn from others through these great resources about how to leverage the new Timeline

Mashable Guide

Lost Remote

Facebook Marketing

Have questions or interested in boosting your social networking presence through Facebook?  Click here to see how Creating Results can help drive results and motivate your target consumers.

 

Boomers Will and Do Switch Brands – Gaining Brand New Customers

Friday, August 14th, 2009

ConsumerDecisionJourney_McKinseyOver the years, we have heard that Baby Boomers and other mature consumers are so brand loyal that they aren’t worth marketing to.  This simply isn’t true.   We also know that traditional marketing is becoming less effective, regardless of age.

New research from McKinsey & Company shows that traditional marketing only impacts 1/3 of consumers’ purchase decisions.  So what drives the rest?

Well, McKinsey found that almost half of people’s awareness comes from either people’s own experience or through consumer-driven marketing, such as word-of-mouth, online research, and offline / print reviews.   For the initial consideration, prior experience accounted for 28% of the touch points.  What was interesting, though, is that as people moved closer to making a decision, the importance of the prior experience dropped to only 5%, and traditional company-driven marketing fell to only 22%.

The consumer-driven marketing grew to 30% and the importance of the store/agent/dealer interactions also grew significantly to 43%.  This is important because it demonstrates that the personal brand experience only influences between 5 to 28% of a purchase decision.  As McKinsey notes:  it’s good for creating awareness, but consumers aren’t tied to a brand when it comes time to make a decision.

What really drives purchase decisions is what other people are saying about your product and service and how clearly your prospects can see and feel the benefits. This is an opportunity for companies marketing to Boomers, Silent Generation or any other generation/cohort. You can capture new market share from competitors who aren’t delivering an exceptional experience for their customer.

McKinsey’s research supports Creating Results’ own findings that the mature marketplace is not “stuck” to specific brands.  A consumer’s personal experience is only part of the equation.  Traditional marketing and consumer-driven marketing can help you create awareness and gain new customers.  Are your beliefs limiting your growth?

Marketing to Today’s 65+ Consumers – AdWeek

Monday, August 3rd, 2009

“It’s getting awfully tricky to advertise to this audience.”  So says Mark Dolliver in an AdWeek article that offers insights into how to reach 65+ consumers.  The author does a nice job of sharing and explaining recent research.  Todd Harff is among the experts he spoke to for perspective and strategies.

For Sandra Timmermann, executive director of the MetLife Mature Market Institute, it’s a question of authenticity. “I think some of the images in ads are not very authentic — like that affluent couple you always see walking hand in hand on the beach, perfectly coiffed,” Timmermann says. And if the people in the ad look too young, the audience won’t relate to it, she says. “At some point, how much denial can you be in?” For the advertisers, it’s “a delicate balancing act,” she adds. Echoing Medina’s advice, she suggests that “maybe the answer to the dilemma is showing people the right age but actively engaged in doing something.”

That’s in sync with the thinking of Todd Harff, president of a Woodbridge, Va.-based agency called Creating Results. “They could care less whether the person in the photo has gray hair or even is bald,” he says of older consumers. “They want to see the person being vital and active — doing something that is relevant to their life, not necessarily to their age.”

Of course, an emphasis on physical vitality can and does generate clichés of its own. Seniors happily bicycling are a case in point. “Sure, 65-plusers do indeed ride bicycles,” says Medina. “But why are they always shown as happy couples on bikes? That gets very tired very fast.”

(Ironically, online, the article is illustrated by an image of a mature gentleman on his bike.)

Kudos for AdWeek for focusing on 65+ Silent Generation consumers, and talking to a nice spread of mature marketing experts.

Research – What Works, What Doesn’t in Photography for Mature Consumers

Sunday, February 15th, 2009

Marketers are being asked to do more wtih smaller budgets. The photography they select can be powerful and cost-effective, or can actually turn prospects off.

Find out why and get insights into the image preferences of mature adults.

This free 60-page eBook contains the results of research conducted with more than 400 adults over 40. It has been featured in BrandWeekMarketing Charts20plus30 and Marketing Sherpa, among other outlets.

Free eBook - Photography preferences Baby Boomers, Silent Generation

2008 “Top Tens” in Advertising, Marketing

Thursday, January 15th, 2009

It’s the most wonderful time of the year!  Yup, the time of marketing top ten lists.

These are some of the lists that Creating Results team members appreciated, as they can shine a light on best practices and help mature marketers reach their goals in 2009. 

  • 2008 Review: A PowerPoint, Chuck Nyren’s 20 minute take on mature marketing,.  Good info on the impact our aging on our brains and how to market to them.  (Plus, a reference to Creating Results’ own 2008 mature marketing resolutions – we blush.)
  • Top ten video and top ten non-video ad efforts, judged by Creativity.
  • 2009 predictions, from “less is more” for social networking to customer intimacy by way of handwritten notes.  In workshops for small businesses targeting the Silent Generation and other 40+ consumers, we’ve long advocated the power of a short, personal note.
  • “Best of” column recap from Search Engine Marketer Journal.  Offers links to a variety of “how- to” type pieces, from improving natural search performance to frameworks for SEM strategy to using keyword research to inform creative and engage your audience.
  • Top ten words to avoid in ads in 2009.  We’ll add #11, our own tip for those marketing to Baby Boomers:  Avoid the word “seniors.”

 Happy 2009, from all of us at Creating Results!


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