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Archive for the ‘Mature Consumers’ Category

New Findings: Generations and Donations

Tuesday, March 16th, 2010

The Chronicle of Philanthropy reported this week on new research into how different generations – from Millennials to Silents – support and interact with charities.  The survey claims that Gen X and Millennials/Gen Y now make the majority of potential donors but notes that both younger cohorts “contribute less money and support fewer charities” than Baby Boomers.  Convio estimates 79% of matures (defined as born before 1945) give, as do 67% of Boomers, 58% of Gen X and 56% of 18-29 year-olds.  The amount given increases signnificantly with age.

GenerationalGroupsAverageContributionsYear

Direct Mail Dominates for Boomers, Silent Generation Donors

The report finds that direct mail, long a consistent vehicle for for-profit marketing, continues to be an effective way for not-for-profits to reach members of the Silent and Baby Boom generations.

Direct mail remains the dominant way through which older people give, with 77 percent of donors born in1945 or earlier saying they had given through the mail in the last two years. But among members of Generation X and Generation Y, no single way of giving dominated.

Forty-three percent of Generation X and 26 percent of Generation Y members in the survey said they had given through the mail in the last two years, while 35 percent of Generation X had used a charity’s Web site and and 29 percent of Generation Y had used that approach.

The full report from Convio notes that today’s traditional direct marketing fundraising letter – that long form, friendly piece that feels like it came off a typewriter – grew up with today’s Silent Generation and older.  And it still works for them.  35% of people older than 65 first heard about a charity through the mail.  Asked how they first learned of their top charity, Millennials did not even register mail as an option.

Convio’s take-away?  “Direct mail has a bright future — but it needs to evolve.”  It needs to be one part of a multichannel mix, one that includes the web, email, telemarketing and social media.

I had the honor of talking with a group of Northern Virginia charities and government agencies last week, at a lunch sponsored by the Coalition for Human Services.  Our topic was another channel in Convio’s desired mix: social marketing.  Friday, I’ll share some of the insights from that presentation and the lively discussions that followed.

Millennials and Religion, Baby Boomers and Spirituality

Friday, March 5th, 2010

Wrapping up our short takes from new Pew Research Center data, we turn to religion.  Pew’s study says that Millennials are not as religious as the four elder cohorts – Gen X, Baby Boom, and generations Silent and Greatest. 

0210ImportanceReligionByGeneration.PewReschCtr

Pew points to people’s natural “tendency to place greater emphasis on religion as they age” but notes that – when you look at how the generations felt when they were of similar ages (18-29 years old), Millennials are more like Baby Boomers than Gen X.

“[Y]oung people today look very much like Baby Boomers did at a similar point in their life cycle; in a 1978 Gallup poll, 39% of Boomers said religion was very important to them.”

We are reminded that marketing to Boomers or any other generation for that matter) cannot be based on a cohort’s label alone.  It’s what what Dick Stroud once called the “the blindingly obvious – lifestyle and lifestage trumps age.” (more…)

Fewer Younger Veterans Than in Past Generations

Thursday, March 4th, 2010

The excellent Pew Research Center report, “Millennials: Confident. Connected. Open to Change,” contains this nugget of insight regarding military service across the generations. 

  • In 1964, when Silents were ages 19-36 yrs old, 24% had already served in military.
  • In 1978, when Boomers were ages 14-32 yrs old, 13% were veterans.
  • In 1995, Gen X were ages 15-30 yrs old, 6% had served.
  • Millennials are currently 18-29 yrs old.  Per 2010 Pew research, only 2% are veterans.

(You also can look at this data in Pew’s excellent interactive chart, comparing generations now and when they were the same ages.)

No wonder the Silent Generation feels that their wartime experiences/history are what make their generation unique from Baby Boomers, Gen X and the Millennials. 

Learn about marketing to mature veterans as a senior “niche” by reading our 2009 post on the subject.  And add your comments below on what this shift means – if anything – to generational marketers.

Hurray for Hollywood’s Mature Marketing Insights

Thursday, February 25th, 2010

Despite Hollywood’s infatuation with youth, half of movie tickets are bought by people over 30.

“Youth-oriented movies make or break themselves on their opening weekends,” says Bill Newcott, host of Movies for Grownups® and editor of AARP The Magazine. “But three of the highest-grossing movies of all time—the grownup-oriented My Big Fat Greek Wedding, Dances with Wolves, and A Beautiful Mind—never reached number one at the box office. How did they manage that success? It was thanks to mature audiences, who kept those movies in the theaters for months.”

That’s right, Bill, and don’t forget that many of our best known and most prolific directors, actors, and screenwriters are working until later in life and producing some of their most powerful work to date.

Imagine if Clint Eastwood’s career had ended at age 55? His last movie would have been Pale Rider. Instead, we have what is widely considered the best work of his career, including Invictus, Gran Torino, Million Dollar Baby, Unforgiven, and many more.

“Life is a constant class, and once you think you know it all, you’re due to decay. You’re due to slide. I have to keep challenging myself and try something I haven’t done before. ” – Clint Eastwood

clint-eastwoodLike most of us, Clint’s life experience has informed his acting work and his years of directing experience have honed his skills immeasurably.

At age 42, the type of movie that appeals to me now is not the type of movie that appealed to me twenty years ago. This is not unusual! We all change throughout our lives, and our tastes change along the way. That is what makes marketing to older age cohorts – Baby Boomers and Silent Generation – a greater challenge. Not only is the target moving (continuing to age), but mature consumers become more skillful in deciding if something fits their personal taste. They are a tougher sales prospect, less willing to give over precious time to be ’sold’ on something.

What do mature movie-goers willingly pay the record ticket prices for? Check out AARP’s ninth annual Movies for Grownups® awards for insight into the cinematic tastes of matures. They reflect some of the attitudes and preferences of your Boomer and Silent Gen marketing targets.

The success of Movies for Grownups® illustrates there is a hunger for thoughtful, legitimate ‘grownup’ perspectives on what is in the marketplace for mature consumers. Use the life experience and skills of mature prospects to your advantage. Approach them as adults, not children. Well-executed mature marketing is authentic. Reward the target’s interest and time by focusing on their specific concerns and respecting their experience.

Service Groups – Ageless Pursuits, Aging Members

Tuesday, February 23rd, 2010

The oldest service group in the US, Rotary International, turns 105 today.  Like many other service groups (such as the Elks, Kiwanis, et al), Rotary is facing challeges caused by demographics – an aging membership – and marketing – how to show value and relevance to younger generations.rotary24-inch

The Press of Atlantic City took a closer look at service groups and their membership in January:

The average age for members of service groups has steadily risen, and is now in the late 50s for most. Since young people have not been joining the groups, there is a fear that the average age will continue to rise and that increased health problems will prevent members from being as effective.

It isn’t that young people are not volunteering, said sociologist Peter Levine, of the Center for Information and Research on Civic Learning and Engagement at Tufts University. They just do not tend to join organizations such as service clubs, which can require weekly meetings at restaurants; annual dues of at least $100, plus meal costs; and the time commitment of serving on committees.

Instead, young people and parents of young children volunteer for events and charities that they can fit into busy work and family lives.

Rotary has been adjusting to the times with new classes of memberships and different types of clubs that meet less frequently or even online.  The service organization continues to experience strong growth overseas and achieve remarkable things.  Read the entire article here.

At Creating Results, we feel the principles and pursuits of service groups like Rotary are truly ageless – it’s a great place for Gen X, Baby Boomers the (not-so-) Silent Generation, AND Gen Y/younger people.

Todd Harff is Vice-President of the Lake Ridge (VA) service group, and our charity arm, Creating Results in the Community, has partnered with Rotary on many projects.  Most recently we sent a Shelter Box to help people in Haiti.  An added benefit is that Rotarians have been great clients. 

Rotary has 1.2 million members in 33,000 clubs worldwide.  Learn more about the organization here: http://rotary.org/EN/ABOUTUS/Pages/ridefault.aspx

And, Happy Birthday, Rotary!

Grandparent Economy

Monday, February 22nd, 2010

My Nana turns 98 today, and in her honor we present some facts about what’s been called the “grandparent economy.”  Mary Furlong describes grandparents as “wealthy and willing to spend.”  And, while Nana is a card-carrying member of the Greatest Generation, marketing to grandparents today can’t be done without a better understanding of marketing to Baby Boomers.  Read on for some spending stats and a resource for those curious to learn more.

Baby Boomers are Grandparents, Too

According to Grandparents.com, roughly half of all Boomers are grandparents and the other half are soon to follow.  Their April 2009 report, authored by demographer Peter Francese, looked at the spending habits and economic impact of grandparents and found that ”in aggregate, they buy $2 trillion worth of goods and services annually.”  Francese/Grandparents.com also found that grandparents are younger than ever before:

* “Parents first become grandparents at the median age of 50 for women and 54 for men.
* 54% of grandparents, almost 38 million, are younger than 65 years old.
* By 2010, more than half of the grandparent population (51%) will be Baby Boomers (those born between 1946 and 1964) — nearly 60% by 2015.”

(more…)

Social Media and Boomer, Senior Homebuyers: Untangling the Web

Thursday, February 11th, 2010

Social media marketing seemed to be the topic of the hour at the 2010 International Builders Show (and other conferences I’ve attended in the past few months, such as the American Association of Homes and Services for the Aging event).  Builders and developers – of active adult communities, of intergenerational housing, of continuing care retirement communities – are all wondering how these newer online marketing tools can drive sales with Boomer and Senior homebuyers.

In a new white paper with the “Top Ten Take-Aways from IBS 2010,” tip #9 addresses Untangling the Web.  While the seniors housing industry is buzzing about social media, there are a lot of questions about whether to dive in.

Is Social Media Marketing Worth It with Baby Boomers and Seniors?

For those with 50+ age-qualified properties, question #1 often is: Should I even bother? As we’ve talked about frequently on this blog, YES.  Seniors, Boomers, folks over 40 – they’re online, and actively engaged in social media.  Just last week, eMarketer highlighted the growing presence of Boomers on social networks.SocialNetworkingUseByGeneration.eMarketer

It’s not just Baby Boomers, either.  The stats show that 36% of Internet users over 63 are actively maintaining a social networking profile.  (Roughly 13% of the entire US population is over 65.)

The short answer is every builder needs to be engaged in social media at some level.

Case Study: Using Social Media Techniques to Reach CCRC Retiree Prospects

Recently our team had the honor of working with Willow Valley Retirement Communitiesto revamp their website.  Willow Valley is the nation’s third largest retirement community, and – unlike most CCRCs which draw primarily from their local area – it’s a true destination.  Willow Valley attracts retirees from 37 states.

Their prospects are educated, active and typically in their 70s.  However, the Willow Valley and Creating Results teams recognize the gradual shift that will occur over the next decade, as the Silent Generation (born between 1925 and 1942) is joined by Baby Boomers (born 1946-1964).

Our plan for their new website was to make it not only functional and attractive, but to make the website the first stop on a prospect’s journey to retirement.  That means it has to truly engaging.  Social media techniques are built in throughout the site:

* share with a friend features – retirees can email, tweet or post content from any where in the site to their Facebook account
* videos embedded into the site from a branded WillowValley-TV channel on YouTube
* publications piped in from a digital publishing library that encourages sharing
* multiple calls for feedback and interaction (“suggest it to our librarian”)

The site is structured so that, looking ahead, the client can phase in more social engagement opportunities – message boards, blogs and comments/reviews.

Getting Social with Seniors, Strategically

Judging by the turnout at IBS social media sessions, many builders and developers are stuck on question #2 is: Where do I start?

I counsel our clients with active adult or continuing care retirement communities to start with the fundamentals, and that includes a plan.  Any business wanting to incorporate social media into their Boomer marketing should have a strategy, goals, and have a plan that shows how social engagement is integrated into their rest of their marketing program for maximum impact.

(Creating Results also offers clients a bundle of social marketing services, including education, strategy and training … but that’s another story.)

Let’s put the question to you:  In 2010, where will you start in your efforts to untangle the web and reach Boomers/senior homebuyers through social media? How can building community online drive sales for active adult and retirement communities offline?

Please share your thoughts and questions below.

Top Monthly Magazines Rely on Baby Boomer Readers

Tuesday, January 26th, 2010

What Baby Boomers read is a topic of great interest to media planners and generational marketing agencies like Creating Results.  So, when min – an authority on the consumer and b2b magazine business – welcomed the new decade with a list of the top 10 monthly magazines for the last decade, Creating Results wondered … are Baby Boomers behind the positive numbers? 

We gave a mature marketing twist to Min’s five year chart (from min’s full 5-year monthly report) listing the top 10 glossies that had a positive percentage gain in 2009 vs. 2008 and their ad page numbers from 2005-2009. 

Our new column (far right) shows the median age of the readers of each publication.  Magazines with  readerships dominated by mature consumers (Baby Boomers and beyond) are noted with an asterisk.

As you can see, six of the top ten gainers rely on a base of readers who are mature (40+).  Fitness readership is on the cusp. 

Title ytd 2009  % diff  Median Age of Readers
People StyleWatch 

624.30 

23.50 

29

*Saveur 

379.71 

12.27 

51

*Family Circle 

1,739.53 

11.51 

50.5

Fitness 

736.35 

9.14 

39

Flex 

2,604.91 

3.35 

23.67

*Ladies’ Home Journal 

1,269.57 

3.07 

53.2

Muscle & Fitness 

1,995.81 

2.83 

32

*Better Homes & Gardens

1,723.35 

2.04 

49.1

*Antiques, The Magazine 

848.50 

1.25 

43*

*More 

917.94 

1.24 

51

Thoughts on (Mature) Readers and Online-Offline Connections

The mstyle_watch_coveredian age of StyleWatch readers doesn’t surprise us at all.  In youth, people are focused on fitting in.  What we do, what we wear, what we buy is part of how we are defining ourselves socially. 

As David Wolfe puts it in his must-read book, Ageless Marketing, youth is a season of acquisitiveness.  And StyleWatch fills that need effectively both online and off with features like “You Asked, We Found,” “Top 5 Looks for Less” and “Save on Star Style!” 

Past Fitness Magazine’s covers have captured women who are clearly over 30 (typically a celebrity).  And their topics often touch on tipsfitnessmagazinecover “for any age.”  But that’s in the actual glossy publication.

Online, the Fitness website features mostly photography of 20-something women, which is disappointing.  I’m the same age as the median of their readers (39) and did not feel like the site was going to be relevant to my life.

It’s not until we’re nearly 40 that we shift our focus from things and towards experiences.  Aquisition yields to appreciation.antiques_the_magazine  Saveur and Antiques effectively, beautifully promote the kinds of experiences that Baby Boomers desire – with food, with art and antiques.  Which is why we were surprised that the median age of the readership for Antiques was not higher. 

A rep from Antiques kindly noted that their circulation includes a large number of students who read the magazine through or for their degree programs.  Without these younger folks, our bet is their typical reader is quite a few years grayer more mature than 43.

One publication that seemed to show a disconnect with their mature readers was Family Circle.  Not the print version; content and photography are typically ageless.  But we find it a bit odd that Family Circle’s online home is under parents.com, when the median age of their readers is 50 – the same age the average American woman becomes a first-time grandmother

There’s been lots of chatter about whether print is dead.  We say “at least not yet.” As these numbers show, magazines are still very desirable to Baby Boomers and older consumers – and by staying relevant to these mature readers, you can not only survive but thrive.

On this we give the last word to mature marketing expert Chuck Nyren, who wrote a while back about positioning magazines for Baby Boomers.

[A magazine] is like a pleasant dinner, a walk, a good movie, a good book – to be singularly appreciated. Too often, I see magazines desperately trying to compete with and within the digital nest. This nest is here to stay – but for a big part of their day Baby Boomers are happy to fly far from all the chaos and into another nest – one that is warm and nourishing.

Two New Articles Feature Mature Marketing Tips, Best Practices

Monday, January 25th, 2010

Two new articles to share for those committed to more effective marketing to Baby Boomers and Silent Generation (seniors).  Last week, MarketingSherpa profiled a campaign for one of our retirement community (CCRC) clients that lifted leads from older prospects more than 267% over the previous year.  And, the International Council on Active Aging(ICAA) featured a by-line by our own Todd Harff on how to pick the right images when marketing to Baby Boomers and other 40+ consumers.

Each piece touches on Boomer/senior marketing best practices and contains a number of actionable tips.  Keep reading for a link to the Sherpa case study and a PDF of the ICAA article.

MarketingSherpa: MultiChannel Marketing to Retirees Lifts Leads 267%

As reporter Adam Sutton wrote:

The latest marketing tactics might connect with younger audiences, but not necessarily with retirees. Sometimes straight talk from their peers and a simple registration process can work best.

See how a retirement community’s marketing team lifted leads 267% with direct mail and advertising that featured testimonials from current residents, and a simple registration process for email communication. Includes samples of the ads and emails theySR_graph2 used.

MarketingSherpa’s case study details the four steps our team followed to drive online registrations with 70+-year-old prospects.  The online/offline campaign drove web traffic as well.  Check out this chart showing the increase in unique online visitors.

Read the full MarketingSherpa case study on the integrated CCRC campaign here

(Open access for a limited time. Not a Sherpa subscriber? We recommend it.)

ICAA: Photography Can Make Mature Marketing More Effective

In the November/December 2009 edition of the Journal of Active Aging, ICAA’s terrific publication, Todd Harff puts it plainly:

Our economy may finally show signs of recovery, but in 2010 many marketers of wellness/health facilities and services to age 50-JournalActiveAging_NovDec2009plus adults will continue to be challenged. They’ll be asked to connect, motivate and inspire Baby Boomers and beyond with advertising, websites and other communications. All with potentially smaller budgets, reduced staff and less time.

How can your team rise to the challenge? One way is to harness the incredible power of pictures.

The ICAA has graciously allowed us to post a reprint of the article – click here to learn why and how the right imagery can actually speed sales with members of the Baby Boom and Silent Generations, and to get 5 tips to guide your photography choices in 2010.

Marketing Outdoor Recreation to Baby Boomers, Silent Generation

Wednesday, January 20th, 2010

Yesterday we let a Baby Boomer, a “gap kid” (born just after Generation Jones) and a member of Generation X sound off on whether REI’s first-ever TV ads will motivate Boomers.  It was the first-ever Creating Results generational face-off.  Today, we address a perhaps bigger question:  Old People Don’t Hike or Camp, Do They?

Demographics of Outdoor Recreation

Outdoor recreation such as hiking or camping are indeed popular with mature Americans (Baby Boomers and members of the Silent Generation).  The Outdoor Foundation’s Special Report on Camping shows that a full third of participants in camping are over the age of 45 years old.  (However, their report shows only one person over age 30, and he’s on page 9.)

 Camping bar chart

The Sporting Goods Manufacturers Association has reported that seniors are frequent day hikers; more than 1,524,000 Americans age 55 and older hike at least 15 days a year.  64.9% of American Hiker readers are Baby Boomers or Silent Generation members (50+).

And research completed for the Canadian Tourism Commission in 2003 pointed out that as Baby Boomers age, hikers will get slightly older on average in the coming years, with “almost 3-in-10 hikers/backpackers falling into the 55+ age group.”

For REI specifically, Quantcast estimates that a quarter of the visitors to their website are over 50 years old.  The average age of their catalog buyer has been reported as 44.  And as Brent Green has commented, 27% of REI’s business comes from Baby Boomers yet REI has rarely incorporated older models before these TV ads appeared.

Brent’s been consistently vocal about how REI’s marketing has missed the mark with Baby Boomers.  We’d love to hear if there are any outdoor gear companies out there you feel hit the bullseye.  Share their names and/or links below.


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