While previous generations turned to their children or grandchildren to learn about new technology, Baby Boomers and Seniors are turning to YouTube. In fact, Seniors are the fastest growing segment on YouTube mobile. And as Boomers and Seniors continue to be increasingly active online – spending 27 hours per week – marketers need to learn how best to connect with …
Time for a New Lens: Change Your Marketing Paradigm to Reach the 50+
By G. Richard Ambrosius – To say that it is time to change marketing paradigms to connect with an aging marketplace is what author Tom Peters would call “a blinding flash of the obvious.” Yesterday’s marketing rules worked in the youth-driven markets of the yesterday, but the return on investment in advertising began a downward slide as leading edge baby …
Do You Have A Story To Tell? Baby Boomers Want To Hear It
A huge cognitive gap exists between a 30-year-old copywriter and a 65-year-old consumer. The result is that very little advertising aimed at Baby Boomers reflects the way they think because, typically, the young copywriter sees the world through the lens of an under-40 year old. As individualistic as our fingerprints, how we think is influenced by our unique life story, …
Marketing to Baby Boomers: It’s HOW They Think That’s Important
In marketing and sales focused on 50+ audiences, it’s not what they think that’s important – it’s HOW Baby Boomers think that’s important! The whole business of marketing and sales is about getting information into people’s brains and persuading their minds to buy or do something. The older we become, the more emotional reactions determine if we should think about a matter. Emotional …
How to Connect With Rich Baby Boomers
While the 50+ segment makes up 50% of consumer spending, only 10% of advertising spend is focused on this group. So we can assume that marketers and advertisers are neglecting the rich baby boomers – those that control 70% of the wealth. Spending by the 50+ segment is expected to rise to $4.74 trillion over the next 20 years (a …
The 50+: Often Overlooked. Never Outspent.
You’ve undoubtedly heard the rumors. But the facts are even more astounding. The 50+ market accounts for nearly half of all consumer spending in the U.S. They spend a whopping $3.2 trillion annually. Gen X, Millennials, Gen Z and the rest aren’t even close. As crazy as it sounds, that’s more than the GDP of several countries, including Italy, Brazil, …
Why The Beauty Industry Should Be Paying Attention To Baby Boomers
It’s no surprise that the beauty industry heavily markets to Millennials, who are known to purchase a wealth of cosmetics and hair care products. However, there is another audience that could help brands increase market share. When it comes to buying power, Baby Boomers hold the key. Accounting for more than 70% of disposable income in the U.S. and spending …
How To Connect With Baby Boomer Women
In a Marketing Daily commentary, “Advertising’s Gender Problem: Some Brands Are Starting To Get It”, author Jean Freeman writes, “But here is another sad reality about advertising today: Women control an estimated 85% of purchasing decisions in this country, yet over 91% of them feel like advertisers don’t understand them… ‘Women’ have become the latest buzzword in the ad world, …
Advertising to Generation X as They Enter the Fall & Winter of Life
Generation X is comprised of 51 million people, born between the years of 1965 and 1980. As more of this population is turning 50 years old, we need to start shifting our focus on how to advertise to Gen X. We can begin by understanding some of their attitudes towards advertising. Overall, the Gen X audience can be selective about …
How To Capture The Attention Of Baby Boomers
The primary purpose of marketing and sales is about getting information into people’s brains and persuading their minds to act. The older we become, the more emotional reactions determine if we should think about a matter. Emotional triggers in the brain activate memories, and the stronger the memory – the stronger the emotional response. Marketing and sales must integrate both empathy and …
