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Travel Salem | January 21, 2010

Generational Marketing

Presented by Jennifer Larsen Morrow




                                      1
Generational Marketing | The Generations




Effective marketing requires first
understanding the audiences you’re
trying to reach.
For the first time in history there are four
different generations in the workplace, each
with different values, perspectives and
expectations. Each has preferred
communication media.

                                               2
Generational Marketing | Targeting




                                     • Consider motivations,
                                       lifestyles, attitudes
                                       and expectations
                                     • Different for each
                                       generation
                                     • Select the right
                                       method of
                                       communication for
                                       each generation



                                                            3
Generational Marketing | The Generations




You must be clear about the services or
products you’re offering, what are the
benefits?
How can you frame the benefits to connect with
the expectations of each generation?
What are the key messages?



                                                 4
Generational Marketing | Business and Industry Training System




                                           Defining the
                                           Generations


                                                                 5
Generational Marketing | Defining the Generations




The Silent Generation – Born 1925 to 1945
• 2005 Census – 63 million
• Now aged 65 to 85
• Have always done “the right thing”
• Reliable and show up for work on time
• Didn’t have their own war so looking for a
  “great adventure”
• Second middle age …
  “now or never”

                                                        6
Generational Marketing | Defining the Generations




The Silent Generation – Born 1925 to 1945
• Many founded and created the businesses
  that exist today
• Coming back to work after retiring
• Mentoring and volunteering
• Source of valuable knowledge and experience
• Most are tech-averse or fearful
• Financially stable and upwardly mobile

                                                     7
Generational Marketing | Defining the Generations




The Boomers – Born 1946 to 1964
•    2005 Census – 78 million
•    Now aged 46 to 64
•    The “Me Generation”
•    Boomers are driving the marketplace
•    Control 70% of the nations wealth
•    Not a homogenous group
•    Address lifestyle preferences and life stages

                                                        8
Generational Marketing | Defining the Generations




The Boomers – Born 1946 to 1964
• Living through Vietnam War affected view of
  authority
• Time-starved lifestyles
• Want to stay healthy, keep
  youthful appearance
• In the midst of intense
  transitions

                                                     9
Generational Marketing | Defining the Generations




Gen X – Born 1965 to 1977
• 2005 census – 48 million
• Now aged 33 to 45
• First generation of latch-key children,
  learned to rely on themselves
• More results-oriented, less process-oriented
• Will change jobs more frequently


                                                     10
Generational Marketing | Defining the Generations




Gen X – Born 1965 to 1977
• Savvy and cynical consumers
• No brand loyalty, earn confidence every time
• Want direct communication
  “here’s what needs to be done”
• Want sense of home,
  belonging, connection


                                                     11
Generational Marketing | Defining the Generations




Gen Y – Born 1978 to 2000
• 2005 Census – 76 million
• Now aged 10 to 32
• Also called Millennials, Reagan Babies,
  Generation Next, Echo Boomers
• Have honed a “sixth sense” in seeking what’s
  authentic, not wanting to be “sold”
• Always looking for the next “cool” thing

                                                     12
Generational Marketing | Defining the Generations




Gen Y – Born 1978 to 2000
• “One of smartest, tech savvy and idealistic
  generations of our time”
• Girls grew up participating in sports, more
  self-assurance, equality
• Multi-tasking is natural
• Always looking for the next
  big tech item, clothes,
  shoes to call their own
                                                     13
Generational Marketing | Defining the Generations




Generation “Now” ages 12 to 31
• Because they want everything quick, fast and
  NOW, and they want it their way
• Live in an instant-access electronic world
• Media multi-task – surfing the net, IM, social
  networking and cell phone all at once
• Short attention span, take in information
  quickly in small nuggets
• Brains are wired differently

                                                     14
Generational Marketing | Business and Industry Training System




                                           Generational Attitudes
                                           and Perspectives …
                                           How to Communicate

                                                                    15
Generational Marketing | Communication Challenges and Tools




Silent Generation attitudes
•    Some tech averse, yet many Email
•    More formal – manners, correct grammar
•    Traditional, generally more conservative
•    Loyalty to people
•    Willing and able to spend time with
     information/people, not in a hurry


                                                                  16
Generational Marketing | Communication Challenges and Tools




Silent Generation communication tools
•    Personal calls, stop to “visit”
•    Newspapers are well read
•    News and information channels
•    Direct mail that’s personalized and not flashy
•    Simple web sites



                                                                  17
Generational Marketing | Attitudes and Perspectives




Boomers’ Lifestyle Changes
• Caring for aging parents (the “sandwich”
  generation)
• Second marriages and second families
• “What is retirement?”
• “Helicopter” parents to high-school and
  college age children
• Too busy, want solutions to simplify their lives
  and save time

                                                       18
Generational Marketing | Attitudes and Perspectives




Boomers’ Perceptions and Attitudes
• Don’t think of selves as “old”, understand
  limitations of aging (reading glasses)
• Stay on top of trends, excitement, new ideas
• People over 50 see selves as “early middle
  age” and don’t see “old” for 20 years
• First generation of women who have made
  their own money, ready to spend it

                                                       19
Generational Marketing | Communication Challenges and Tools




Boomers’ communication tools
• Most general media: Television, radio,
  newspaper, outdoor, direct mail, Email
• Boomer women influence 80% of consumer
  goods purchases made by Boomers each year
• 8 of 10 boomers are online daily –
  the largest online consumer
• Facebook – 279% growth of
  35-54 year old users in 2009,
  55% female
                                                               20
Generational Marketing | Attitudes and Perspectives




Gen-X Attitudes
• Want a big, shared experience, surrogate
  family
• Look to friends for support system
• Want honest and straightforward
  communication
• Internet is not for work, it’s for fun
• Independent, not as brand loyal as Gen-Y

                                                       21
Generational Marketing | Communication Challenges and Tools




Gen X communication tools
•    Targeted television / cable TV, radio
•    Web sites, internet
•    Email me the information
•    Outdoor
•    Direct mail that’s bright, engaging,
     drives to the net for more information


                                                                  22
Generational Marketing | Attitudes and Perspectives




Gen-Y/Millennials Attitudes
• All technology is entertainment, high-speed
  access is expected
• Brand identification at an early age
• Brand loyal, style and image are everything
• In front of their computer, at the mall and in
  the movies
• Interested in good causes
• Higher expectations in the workplace

                                                       23
Generational Marketing | Attitudes and Perspectives




Gen-Y/Millennial
• Ambitious and future-oriented, globally
  connected
• Want to be involved in a product, asked for
  opinions
• Care about family, friends and community
• College planning is collaborative with parents
• More conservative than Gen-X, marrying
  younger, more religious affiliation

                                                       24
Generational Marketing | Communication Challenges and Tools




Gen Y communication tools
• Internet – MySpace, Facebook, YouTube
• Viral electronic marketing, mobile marketing
  (phones), text
• Network/community events/
  participation
• Direct mail that’s personalized,
  plenty of photos, drive to
  personalized web
                                                               25
Generational Marketing | Business and Industry Training System




                                           Targeted Messages



                                                                 26
Generational Marketing | Targeted Messages




Silent Generation messages
• Be courteous and respectful
• Make technology easy, no jargon
• Willing to mentor, volunteer, be involved
• Appeal to family values, patriotism
• Address issues of legibility:
  type size and colors
• Long text okay

                                                 27
Generational Marketing | Targeted Messages




Boomers’ key messages
• We’ll save you time (more important than
  money)
• We’ll simplify what’s complicated
• We’ll help you choose
• You’re active and youthful,
  life is to be lived well
• You’re ready to give back

                                              28
Generational Marketing | Targeted Messages




Gen-Xs’ key messages
• Our product is real and authentic, here’s why
  and how, here’s where to find out more
• You can count on us
• Join the group, join the team
• Here for a common purpose
• Enjoy your life and your work


                                                  29
Generational Marketing | Targeted Messages




Gen-Ys’ key messages
• Here’s the latest and coolest
• Get involved, contribute to the community,
  make a difference
• Plan now for your future, it’s about family
• You’re smart, here are
  your choices and the
  background to help you
  choose
                                                30
Questions?
                                                                                 Thank you!



We build compelling brand experiences that advance business and impact people.

results@creativeco.com | T 866.363.4433 | www.creativeco.com

© 2007 Creative Company, Inc. All rights reserved.

                                                                                              31

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Generational Marketing

  • 1. Travel Salem | January 21, 2010 Generational Marketing Presented by Jennifer Larsen Morrow 1
  • 2. Generational Marketing | The Generations Effective marketing requires first understanding the audiences you’re trying to reach. For the first time in history there are four different generations in the workplace, each with different values, perspectives and expectations. Each has preferred communication media. 2
  • 3. Generational Marketing | Targeting • Consider motivations, lifestyles, attitudes and expectations • Different for each generation • Select the right method of communication for each generation 3
  • 4. Generational Marketing | The Generations You must be clear about the services or products you’re offering, what are the benefits? How can you frame the benefits to connect with the expectations of each generation? What are the key messages? 4
  • 5. Generational Marketing | Business and Industry Training System Defining the Generations 5
  • 6. Generational Marketing | Defining the Generations The Silent Generation – Born 1925 to 1945 • 2005 Census – 63 million • Now aged 65 to 85 • Have always done “the right thing” • Reliable and show up for work on time • Didn’t have their own war so looking for a “great adventure” • Second middle age … “now or never” 6
  • 7. Generational Marketing | Defining the Generations The Silent Generation – Born 1925 to 1945 • Many founded and created the businesses that exist today • Coming back to work after retiring • Mentoring and volunteering • Source of valuable knowledge and experience • Most are tech-averse or fearful • Financially stable and upwardly mobile 7
  • 8. Generational Marketing | Defining the Generations The Boomers – Born 1946 to 1964 • 2005 Census – 78 million • Now aged 46 to 64 • The “Me Generation” • Boomers are driving the marketplace • Control 70% of the nations wealth • Not a homogenous group • Address lifestyle preferences and life stages 8
  • 9. Generational Marketing | Defining the Generations The Boomers – Born 1946 to 1964 • Living through Vietnam War affected view of authority • Time-starved lifestyles • Want to stay healthy, keep youthful appearance • In the midst of intense transitions 9
  • 10. Generational Marketing | Defining the Generations Gen X – Born 1965 to 1977 • 2005 census – 48 million • Now aged 33 to 45 • First generation of latch-key children, learned to rely on themselves • More results-oriented, less process-oriented • Will change jobs more frequently 10
  • 11. Generational Marketing | Defining the Generations Gen X – Born 1965 to 1977 • Savvy and cynical consumers • No brand loyalty, earn confidence every time • Want direct communication “here’s what needs to be done” • Want sense of home, belonging, connection 11
  • 12. Generational Marketing | Defining the Generations Gen Y – Born 1978 to 2000 • 2005 Census – 76 million • Now aged 10 to 32 • Also called Millennials, Reagan Babies, Generation Next, Echo Boomers • Have honed a “sixth sense” in seeking what’s authentic, not wanting to be “sold” • Always looking for the next “cool” thing 12
  • 13. Generational Marketing | Defining the Generations Gen Y – Born 1978 to 2000 • “One of smartest, tech savvy and idealistic generations of our time” • Girls grew up participating in sports, more self-assurance, equality • Multi-tasking is natural • Always looking for the next big tech item, clothes, shoes to call their own 13
  • 14. Generational Marketing | Defining the Generations Generation “Now” ages 12 to 31 • Because they want everything quick, fast and NOW, and they want it their way • Live in an instant-access electronic world • Media multi-task – surfing the net, IM, social networking and cell phone all at once • Short attention span, take in information quickly in small nuggets • Brains are wired differently 14
  • 15. Generational Marketing | Business and Industry Training System Generational Attitudes and Perspectives … How to Communicate 15
  • 16. Generational Marketing | Communication Challenges and Tools Silent Generation attitudes • Some tech averse, yet many Email • More formal – manners, correct grammar • Traditional, generally more conservative • Loyalty to people • Willing and able to spend time with information/people, not in a hurry 16
  • 17. Generational Marketing | Communication Challenges and Tools Silent Generation communication tools • Personal calls, stop to “visit” • Newspapers are well read • News and information channels • Direct mail that’s personalized and not flashy • Simple web sites 17
  • 18. Generational Marketing | Attitudes and Perspectives Boomers’ Lifestyle Changes • Caring for aging parents (the “sandwich” generation) • Second marriages and second families • “What is retirement?” • “Helicopter” parents to high-school and college age children • Too busy, want solutions to simplify their lives and save time 18
  • 19. Generational Marketing | Attitudes and Perspectives Boomers’ Perceptions and Attitudes • Don’t think of selves as “old”, understand limitations of aging (reading glasses) • Stay on top of trends, excitement, new ideas • People over 50 see selves as “early middle age” and don’t see “old” for 20 years • First generation of women who have made their own money, ready to spend it 19
  • 20. Generational Marketing | Communication Challenges and Tools Boomers’ communication tools • Most general media: Television, radio, newspaper, outdoor, direct mail, Email • Boomer women influence 80% of consumer goods purchases made by Boomers each year • 8 of 10 boomers are online daily – the largest online consumer • Facebook – 279% growth of 35-54 year old users in 2009, 55% female 20
  • 21. Generational Marketing | Attitudes and Perspectives Gen-X Attitudes • Want a big, shared experience, surrogate family • Look to friends for support system • Want honest and straightforward communication • Internet is not for work, it’s for fun • Independent, not as brand loyal as Gen-Y 21
  • 22. Generational Marketing | Communication Challenges and Tools Gen X communication tools • Targeted television / cable TV, radio • Web sites, internet • Email me the information • Outdoor • Direct mail that’s bright, engaging, drives to the net for more information 22
  • 23. Generational Marketing | Attitudes and Perspectives Gen-Y/Millennials Attitudes • All technology is entertainment, high-speed access is expected • Brand identification at an early age • Brand loyal, style and image are everything • In front of their computer, at the mall and in the movies • Interested in good causes • Higher expectations in the workplace 23
  • 24. Generational Marketing | Attitudes and Perspectives Gen-Y/Millennial • Ambitious and future-oriented, globally connected • Want to be involved in a product, asked for opinions • Care about family, friends and community • College planning is collaborative with parents • More conservative than Gen-X, marrying younger, more religious affiliation 24
  • 25. Generational Marketing | Communication Challenges and Tools Gen Y communication tools • Internet – MySpace, Facebook, YouTube • Viral electronic marketing, mobile marketing (phones), text • Network/community events/ participation • Direct mail that’s personalized, plenty of photos, drive to personalized web 25
  • 26. Generational Marketing | Business and Industry Training System Targeted Messages 26
  • 27. Generational Marketing | Targeted Messages Silent Generation messages • Be courteous and respectful • Make technology easy, no jargon • Willing to mentor, volunteer, be involved • Appeal to family values, patriotism • Address issues of legibility: type size and colors • Long text okay 27
  • 28. Generational Marketing | Targeted Messages Boomers’ key messages • We’ll save you time (more important than money) • We’ll simplify what’s complicated • We’ll help you choose • You’re active and youthful, life is to be lived well • You’re ready to give back 28
  • 29. Generational Marketing | Targeted Messages Gen-Xs’ key messages • Our product is real and authentic, here’s why and how, here’s where to find out more • You can count on us • Join the group, join the team • Here for a common purpose • Enjoy your life and your work 29
  • 30. Generational Marketing | Targeted Messages Gen-Ys’ key messages • Here’s the latest and coolest • Get involved, contribute to the community, make a difference • Plan now for your future, it’s about family • You’re smart, here are your choices and the background to help you choose 30
  • 31. Questions? Thank you! We build compelling brand experiences that advance business and impact people. results@creativeco.com | T 866.363.4433 | www.creativeco.com © 2007 Creative Company, Inc. All rights reserved. 31