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Marketing and Motivating Boomers and Beyond

Posts Tagged ‘seniors’

House Calls for Baby Boomer…Pets?

Wednesday, May 18th, 2011

Lately, I’ve been thinking I’m our Vet’s best customer. I’ve taken our little Ebony there 3 times in 5 weeks and haven’t seen any other “repeats” in the waiting room. At our last visit I noticed something new: “House calls available.” My initial reaction was “whoa, my internist doesn’t make house calls and neither does my daughter’s pediatrician.” After giving it some thought I concluded that this was a BRILLIANT move for any veterinarian or service targeting Boomers (a group which includes me) and other older pet owners. Here’s why:

  1. Do you struggle getting your 80-pound lab into the car when he/she knows where that car is headed? Imagine if you were an 80-year-old like my mother-in-law who always had a big black lab up until her death at 82. None of them were that well-behaved and, thinking about it, I still can’t figure out how she managed to get them to her vet.  As a senior, she would have truly valued a vet who made house calls. And she would have been a big source of referrals.  Heck, I’ve just written an entire blog post about my vet! Talk about great word of mouth marketing.

    Ebony, after a grooming (wish the groomers made house calls!)

  2. Do you work during the day? More of us do:  60% of those between 55 and 64 years old are working full time; 30% of those between the ages of 65 and 69 are working.  That means our work hours are the same as those of most veterinarians making it tricky to schedule an appointment, particularly if it is an emergency (don’t think of the bill-we’ve all been there). House call vet to the rescue!
  3. What happens when your beloved dog or cat is sick, and so are you? Like most pet lovers, you would even be more anxious to get your dog or cat in for medical attention than taking care of yourself. But the thought of sitting in the vet’s waiting room with a bunch of whimpering dogs when you feel as sick as a dog … Again, house call vet to the rescue!
  4. Does a trip to the veterinarian makes your pet so nervous they vibrate the floor or get physically ill?  Your dog or cat would be more relaxed if his or her vet came into their domain.  Baby Boomers are most likely to pay for the privilege of a home visit – anything to avoid feeling like a bad Mom or Dad.  As the American Veterinary Medical Association put it way back in 2000, “it appears the boomer generation and those generations hence are more willing than ever to spend their money on products and services, including veterinary care.”

So, this really is a brilliant business move by my vet, the Herndon (VA) Animal Medical Center. I’m impressed that she recognized the potential of the older market.  And that she understood there were too-busy Boomers and other mature consumers who may have difficulty bringing their pets in. Who doesn’t love the convenience of house calls?

Related posts: 

* Come! (Good Baby Boomer) - Lessons from a dog for Baby Boomer Marketing

* Marketing to Boomers, Seniors … and SWELs? - Functional foods are being developed for aging boomers, seniors and pets

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/.

More Seniors Online – New Data on What They’re Doing

Friday, December 11th, 2009

Thanks to a tweet this a.m. from Bill Vick, we can share some updated statistics on what 65+ seniors do online.  New data from Nielsen Online shows that email is still the number one activity of these older Americans.  The next two activities – getting maps and weather – suggest gift-givers might safely consider buying their grandparents a GPS or digital weather station for the 2009 holidays. 

TopOnlineActivitiesByPeople65+Fall2009.Nielsen

We note the #4 activity – online bill-paying – with interest.  For many years, the stereotype of Silent Generation members and other older Americans has been that they’re overly cautious, even suspicious of anything that requires them to sign-up or share personal information online. 

Nielsen’s data reinforces what Creating Results has been telling clients:  seniors will register if you prove the relevance of your service/offer to their lives, your tool can make their busy lives easier, and you show that you’re worthy of their trust.

Nielsen Online also looked at the most popular online destinations for those over 65.

The No. 1 online destination for people over 65 in November 2009 was Google Search, with 10.3 million unique visitors. Windows Media Player and Facebook were No. 2 and No. 3, with 8.2 million and 7.9 million visitors, respectively. Interestingly, Facebook, which came in at No. 3, ranked No. 45 just a year ago among sites visited by senior citizens.

As we noted in September, Facebook presents many opportunities for motivating older consumers.  It’s the only social networking site to make Nielsen’s top 10 destinations list. 

Search-related sites dominate the list of where savvy seniors surf (Google, Google Maps, Yahoo and Bing).   Also two video-related destinations (YouTube, Windows Media Player) made the “most popular” list. Online video has been growing in popularity among Baby Boomers and seniors for some time.

Nielsen’s headline says it clearly:  “Sx Million More Seniors Using the Web than Five Years Ago.”  How will your 2010 marketing plan strategically and effectively engage those seniors online?

The Face(book) in the Mirror is Getting Older

Wednesday, September 9th, 2009

Part 3 of a series on marketing to Baby Boomers and beyond through social networking.

PART 3: FACEBOOK PRESENTS OPPORTUNITIES FOR BOOMER, SENIOR MARKETING

First, the headlines touted how Baby Boomers (especially women) were flocking to Facebook. Then, statistics showed many older social networkers flocked right off again in the spring. Despite that dip, as of July 2009 usage among users over 55 reached all time highs. And 90% of those over 65 years old who are active in social networks prefer Facebook.

So, is Facebook worth the investment of time and marketing budget for companies trying to motivate the mature consumer?

facebookTrendsJuly09.InsideFacebookIn April/May, Inside Facebook offered four theories why Facebook usage dropped among 55+ Baby Boomers and beyond.  Reason #1: Boomers – who often join Facebook after an invitation from their children – aren’t sure of the value of this social network just yet.

This is the challenge for brands serving active adults: how to use Facebook and other social media in a way that is relevant to mature internet users.

Marketers can gain insight from what works with older generations offline.

• Don’t waste their time – Remember that 40+ Gen Xers spend most of their days at work. Boomers are time-pressed, balancing work, leisure and often caring for older parents. Silent Generation members want to be sure that something is relevant before they make space in their busy lives.

• Share content that adds value. Per Burst Media, news, product information and health are what Boomers and Seniors are seeking online.

• Make it a two-way conversation. Facebook makes it easy for dialog, if companies are sincere. Whether in person or online, older consumers want a relationship, not blatant sales pitches.

What do you think? Please share examples of companies that have driven sales with seniors or Baby Boomers through Facebook.

- Part 2, Twitter and the Mature Market

- Later in this series, “silver surfers” and LinkedIn and Boomer-targeted social networking sites

Can Twitter Drive Sales with Older Generations?

Thursday, September 3rd, 2009

Part 2 of a series on using Social Media to market to Boomers and beyond.

PART 2: BABY BOOMERS, SENIORS AND TWITTER

The media appears to have fallen in love with Twitter (heck, even my 97-year-old Nana has heard of Twitter by now). Who’s on Twitter? The New York Times reports that younger Boomers are fueling Twitter’s growth, while Sysomos data suggests 81% of all Twitter users are 29 or younger.  How important is Twitter for marketing to Baby Boomers and seniors?

Paul Briand of the Examiner notes “Baby Boomers 55 to 64 are Twitter users on a slightly lower level, but at a greater frequency than users aged 18 to 24. That’s because Twitter has become less of a social network and more of a marketing/social network.” We see that as in keeping with this cohort’s lifestage; it’s a time in their lives when they are focused on both social and vocational development.

The New York Times points out mature consumers and technology adoption are not actually strange bedfellows.

As the Web grows up, so do its users, and for many analysts, Twitter’s success represents a new model for Internet success. The notion that children are essential to a new technology’s success has proved to be largely a myth.

Adults have driven the growth of many perennially popular Web services. YouTube attracted young adults and then senior citizens before teenagers piled on. Blogger’s early user base was adults and LinkedIn has built a successful social network with professionals as its target.

At Creating Results, the jury’s still out on Twitter’s effectiveness as a business engine for effectively motivating seniors and Boomers to buy.

(more…)

Economic Crisis Delays Retirement For Many

Monday, August 3rd, 2009

Golden Gateway Financial released some sobering news last month:  the number of older Americans who will delay retirement past age 70 has doubled, thanks to today’s economic challenges.  The report also states that half of all seniors’ net worth has decreased by 10 to 30 percent.

The problem is that time is not on the side of older workers who are trying to recover from housing or financial market losses.  Per Golden Gateway Financial:

  • Before the economic crisis, 67 percent of respondents planned to retire before age 70
  • Now, the number of seniors planning to retire by age 70 dropped to 40 percent
  • Before the economic crisis, 30 percent of those surveyed planned to retire after age 70
  • Now, almost 50 percent of seniors plan to retire after age 70

(Golden Gateway defines “senior” as 62 years or better, so this is relevant to targers from the Silent Generation or older.)

At Creating Results, we’ve studied and written about mature consumers who choose to delay retirement.  We started doing so long before the financial crisis, and we would have expected to see an increase in delayed retirements even if the economy continued to soar.  (Check out the profiles in this recent MSNBC story on those opting to work.) 

However, with challenges brought on by the Great Recession, these self selected ”un-retirees” will be joined by an increasing number of folks who have little choice but to keep working and by those who could retire, but are now too scared to do so.

For marketers, this will have major implications for the messages and mediums they use to connect with seniors.  Its means you’ll have to fight harder and smarter for a share of spending.  Not only for their share of their hard-earned money, but also for a share of how they spend their reduced leisure time.  These savvy and experienced consumers will be re-defining “discretionary.”  Companies and marketers need to become adept at segmenting their products/messaging based on employment status and the new anxieties this study observed.


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