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Generational DynamicsUnderstanding Multi-Generational Needs and Style Gordon Fowler, President/CEO 3Fold Communications
Introduction How do we succeed in  today’s market with the additional challenge  of generationalcomplexities –  the different demands, values and preferences of today’s  multi-generational buyers?
W.I.I.F.M. What’s In It For Me?
No More Golden Rule: Try W.I.I.F.M. Give your customers their “gets” Arm yourself with knowledge Apply that knowledge; generationally focus your marketing, advertising and branding efforts…
UNDERSTANDThe 4 Generations and impacts on your success
The 4 Generations
FACTS Industry is dominated by  Boomers Consumer base dominated by  X’ers, Y’ers
YOUR SUCCESS... Understanding the  4 Generations and their W.I.I.F.M.s.
Civics
CIVICS AKA Matures, Seniors, GIs, Greatest Generation, Builders Ages 62 and over  59 million
VALUES & PREFERENCES: Dedication and Sacrifice Hard work Conformity Stability and Security Respect for Authority Delayed Gratification CIVICS
CIVICS So what kind of sales experience will connect the best with Civics?
CIVICS So what we know about civics is...
No Hassle! ,[object Object]
A no hassle “I’ll take care of it” experience will drive Civic loyaltySo they want...
Be the purveyor of the ultimate payoff! Think about “delayed gratification” Marketing messages should include things like “this is your time”, “you’ve waited long enough”, “reward yourself” Tell them – you’ve earned it! YOU can provide the “fruits of their life’s labor”! The dream postponed
Civics attach a “premium” to these “lost traits”- consider them fundamentals that have been lost in today’s fast-paced, techno driven world Take the time to build a face-to-face relationship They are referral builders Give Respect, Loyalty, Honesty
Communicate authentically and understand HOW they want to be communicated with Deliver on your promises - The service you provide must be parallel to the marketing promise Use story-telling as a way to reinforce – this is an appreciated way to garner buy-in Give Respect, Loyalty, Honesty
Baby Boomers
Baby Boomers ,[object Object]
a/k/a Boomers, “Me” Generation
78 million,[object Object]
Boomers are about...
So, they want… OPTIMISM!! ,[object Object],(50 is the new 30!): ,[object Object]
 “We will move any obstacle to get this done”
 “We are committed to winning  together”
 “It’s just the beginning”
 “Time to take care of YOU”,[object Object]
 “Your team” will work toward their success
 Your company is based on teamwork
Our firm has a team of professionals that work toward ….So, they want
This to be about THEM ,[object Object]
 Don’t discuss all of the other things you need   to do ,[object Object]
 Make them feel like servicing them is the center of your universe
 When you are with them, limit any external     interruptionsSo, they want…
So, they want… To know that you are part of their community ,[object Object],*Protesters, environmentalists, etc. ,[object Object]
Make it clear that you are a part of their   community
Your services will be an integral part of their journey towards “what’s next”.,[object Object]
Gen X
Generation X Born 1965 - 1976 a/k/a X’ers, Baby Busters Population = 48 million Original “latchkey” kids
GEN X’ers VALUES & PREFERENCES: Fierce Independence Change Techno-literacy Skepticism Work IS “just a job” Need Autonomy
Their heroes? No heroes or icons other than – themselves! Much of Gen X has spent a lot of time alone, figuring things out themselves. Why idolize anyone?
Gen X’ers are about:
So... Gen X’ers Want: Respect their skepticism ,[object Object]
Tell them everything they need to  know – really
Be honest and upfront,[object Object]
Xers are starting and growing families – most are products of divorces. THEIR families are important to them

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Multi-Generational Marketing

  • 1. Generational DynamicsUnderstanding Multi-Generational Needs and Style Gordon Fowler, President/CEO 3Fold Communications
  • 2. Introduction How do we succeed in today’s market with the additional challenge of generationalcomplexities – the different demands, values and preferences of today’s multi-generational buyers?
  • 4. No More Golden Rule: Try W.I.I.F.M. Give your customers their “gets” Arm yourself with knowledge Apply that knowledge; generationally focus your marketing, advertising and branding efforts…
  • 5. UNDERSTANDThe 4 Generations and impacts on your success
  • 7. FACTS Industry is dominated by Boomers Consumer base dominated by X’ers, Y’ers
  • 8. YOUR SUCCESS... Understanding the 4 Generations and their W.I.I.F.M.s.
  • 10. CIVICS AKA Matures, Seniors, GIs, Greatest Generation, Builders Ages 62 and over 59 million
  • 11. VALUES & PREFERENCES: Dedication and Sacrifice Hard work Conformity Stability and Security Respect for Authority Delayed Gratification CIVICS
  • 12. CIVICS So what kind of sales experience will connect the best with Civics?
  • 13. CIVICS So what we know about civics is...
  • 14.
  • 15. A no hassle “I’ll take care of it” experience will drive Civic loyaltySo they want...
  • 16. Be the purveyor of the ultimate payoff! Think about “delayed gratification” Marketing messages should include things like “this is your time”, “you’ve waited long enough”, “reward yourself” Tell them – you’ve earned it! YOU can provide the “fruits of their life’s labor”! The dream postponed
  • 17.
  • 18. Civics attach a “premium” to these “lost traits”- consider them fundamentals that have been lost in today’s fast-paced, techno driven world Take the time to build a face-to-face relationship They are referral builders Give Respect, Loyalty, Honesty
  • 19. Communicate authentically and understand HOW they want to be communicated with Deliver on your promises - The service you provide must be parallel to the marketing promise Use story-telling as a way to reinforce – this is an appreciated way to garner buy-in Give Respect, Loyalty, Honesty
  • 21.
  • 23.
  • 25.
  • 26. “We will move any obstacle to get this done”
  • 27. “We are committed to winning together”
  • 28. “It’s just the beginning”
  • 29.
  • 30. “Your team” will work toward their success
  • 31. Your company is based on teamwork
  • 32. Our firm has a team of professionals that work toward ….So, they want
  • 33.
  • 34.
  • 35. Make them feel like servicing them is the center of your universe
  • 36. When you are with them, limit any external interruptionsSo, they want…
  • 37.
  • 38. Make it clear that you are a part of their community
  • 39.
  • 40.
  • 41. Gen X
  • 42. Generation X Born 1965 - 1976 a/k/a X’ers, Baby Busters Population = 48 million Original “latchkey” kids
  • 43. GEN X’ers VALUES & PREFERENCES: Fierce Independence Change Techno-literacy Skepticism Work IS “just a job” Need Autonomy
  • 44. Their heroes? No heroes or icons other than – themselves! Much of Gen X has spent a lot of time alone, figuring things out themselves. Why idolize anyone?
  • 45. Gen X’ers are about:
  • 46.
  • 47. Tell them everything they need to know – really
  • 48.
  • 49. Xers are starting and growing families – most are products of divorces. THEIR families are important to them
  • 50. Recognize and address the role “the home” plays in the family process – it is the cornerstone of the X’er family value
  • 51.
  • 52. Offer freedom of choice – communicate options at every opportunity
  • 53.
  • 54. Utilize technology to drive the transaction, communicate faster and empower the consumer to make some independent decisions
  • 55. Your tools, how you communicate, your office…all say something about your tech- friendliness
  • 56. Provide a useful, info-rich website
  • 57.
  • 58. Understand and acknowledge fierce X’er independence
  • 59. The DIY mentality – Home Depot & IKEA generation
  • 60.
  • 61. Generation Y Ages 13-30 a/k/a Gen Y, Echo Boomers 73 million
  • 62.
  • 63. Generation Y Confident (very strong egos) Optimistic Techno-fused Untraditional – don’t believe “ the clothes make the person” Moral and Civic minded Collaborative and Democratic The Diversity generation Still Skeptical More DIY than X
  • 65. So...Gen Y’ers Want: To be special and unique Important for them to be special, different, not like anyone else It’s uncool to be “cookie cutter” Show your personality and expect them to act like individuals No comparing them to “other customers” Loosen up a little – suits and ties not necessary with this crowd…could actually be a turn off!! Don’t judge a book by it’s cover!
  • 66. So...Gen Y’ers Want: To be guided, not told what to do Guide and lead but don’t tell (democratic nature will be offended) Affirm their confidence and teach them what they don’t know They ARE inexperienced and WON’T ask for help – but they do expect it on THEIR TERMS They think they know everything, they like FYI, or “just in case” gentle messages vs. in your face coaching Resist the parenting impulse Boomers and Civics!!
  • 67. So...Gen Y’ers Want: Techno – Savvy Agents! Gen Y will start and finish everything in life on-line No desire for tangible, brick –and-mortar Without internet marketing, you won’t capture the GenY consumer Not just a website The social life is DRIVEN BY the internet Social marketing – Craigslist, YouTube, Linked in, MySpace, Blogging, Twitter Text messaging Life is done with the phone – Pictures, email, web-access phone calls Response is expected IMMEDIATELY
  • 68. So...Gen Y’ers Want: More…. Be a part of the community you serve and “stand for something” Help them get what they want and they will be your social advocates….referrals will come from this group Despite the techno-savvyness and lack of tradition, this group is rooted by the perpetuation of the community, the family and the betterment of things. It’s the fusion of Boomers and X’ers.
  • 69.
  • 70. Thank You! Questions? 3foldcomm.com