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MARKETING TO BABY BOOMERS
IN THE NEW MARKETING
ENVIRONMENT
Tiffany L. Hogan, Ph.D.
TODAY’S TALK:
   The New Marketing Environment – what has
    changed and how marketers are responding

   The Boomers (they certainly aren’t babies any
    more!) – as consumers, what are their needs and
    behaviors

   Suggestions for successfully reaching and
    communicating with Boomers
CHANGE
THE NEW MARKETING
EVIRONMENT
The Ultimate Marketing Challenge:




            +




            An easy sell!
SO WHAT ARE SOME CURRENT TRENDS IN
TODAY’S MARKETING?

                   Its not about your product
                    or service; its all about the
                    customer and his/her needs
                   Its about getting your
                    customer to feel your
                    product/service is
                    invaluable
                   Its about bringing surprise
                    and delight to the customer
                   Its about having the right
                    product, in the right place,
                    at the right time.
FOCUS ON THE CUSTOMER, NOT YOUR
PRODUCT OR SERVICE
    Connect with your
    customer




                        Understand your customer
What are their needs?
  What are their values?
What keeps them up at night?
SOME SPECIFIC CURRENT CONSUMER TRENDS:

   From material wealth to “a life better lived”

   From flashy to frugal (or “value conscious”)

   From disposability to “social consciousness”



        How can you ride these trends to improve your products and
        services?
“Your customers—your
communities—have new
expectations. They want to
(actually!) interact with your
organization. They want to
know what they want to
know—when they want to
know it. And, as always, they
want to know, and feel, how
your organization and its
brand align with their
personal brands and values.”


        Tamsen McMahon
        Director of Strategic Initiatives
        Sametz Blackstone Associates
THE “BOOMERS”
THE BOOMERS:

   78 million strong

   Used to re-defining every
    life stage

   Used to being the center of
    all marketing and
    advertising efforts

   In reality, facing tough
    economic constraints
THE BOOMERS:




               PRAGMATIC IDEALISTS
ACCORDING TO DR. DEUSTCH OF BRAIN
SELLS:


   The developmental history of Boomers casts them
    as characters that possess a self-expansive nature
    primarily devoid of cynicism. The Baby Boom
    generation embodies a vitality that makes them
    survivors, even if they can't always be thrivers.
WHAT ARE BOOMERS LOOKING FOR?
  They don’t want to compromise their authenticity
  The process is as important as the result, they want
   “the ride”
  They like to inspire others; help them feel helpful

  They know that there are no absolutes

  They prefer personal style over rote action or ritual

  They are oriented to the human dimension; they
   appreciate humor
  They hate feeling trapped, conned and boxed-in

  They are creative and conservative

  They are looking to be heard and understood

  Help them feel smart, proud and innovative
THEY WON’T STOP DOING WHAT THEY LIKE
ARE BOOMERS AND SENIORS ONLINE
TODAY? YES!!!
WHAT ARE SENIORS DOING ON LINE
TODAY?
FASTEST GROWING USER GROUPS OF
SOCIAL MEDIA
TIPS/TECHNIQUES TO ENGAGE
WITH BOOMERS
I. LEARN MORE ABOUT YOUR CUSTOMERS
                     Beyond what you already
                      know. For example:

                        What if you were
                         running a hotel or a
                         camp, what would you
                         want to know?
                        Ask about where they
                         spend their leisure
                         time now; where their
                         “third place” is.
II. ENGAGE MORE DEEPLY WITH YOUR
CUSTOMERS/FAMILY MEMBERS

   Mass, one-way marketing
    is dead; think personal
    and custom tailored

   You have so much to offer;
    reach out beyond your
    current spheres; improve
    your WOM

   Where are your future
    customers today? Meet
    them there.
III. IMPROVE YOUR WEB PRESENCE

  Search Ranking
  Interactivity of your
   web site
  Get your true
   identity onto your
   site
  Social Media

  Inbound
   “opportunities” – use
   them!!
IV. CONTINUE TO REFINE YOUR
MESSAGING
      Yesterday’s Messaging                Today’s Messaging

    Fit for being fit                       Health and Energy
    One size fits all                       Customization
     programming                             Engagement
    Its all about the                       Its all about the experience
     equipment/facilities
                                             Be unique
    Be the same
                                             Wellness
    Age-specific programming
                                             Old is Gold
    Dominance of 18-40
                                             Hearts and Minds
    Heart
                                             “Out of the box”
    “In the box”



                                Some suggestions from Colin Miner, IAAA
THE HIGH EXPECTATIONS AND CONSTRAINED
   POCKETBOOKS OF MANY BOOMERS WILL MAKE
  SERVING THIS GROUP EXTREMELY CHALLENGING;
 COMBINING THE LOW PRICES, HIGH SERVICE LEVELS,
 AND STRONG BRAND IDENTITY THESE BOOMERS CRAVE
IS INHERENTLY DIFFICULT – BUT THOSE COMPANIES OR
 PROVIDERS WHO FIGURE OUT HOW TO DO IT WILL BE
     HIGHLY REWARDED IN THE COMING YEARS.
THANK YOU
Email me at: Tiffany@TiffanyLHogan.com for a
copy of the presentation, resources or with any
additional questions.

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2010 Riafsa Marketing Presentation

  • 1. MARKETING TO BABY BOOMERS IN THE NEW MARKETING ENVIRONMENT Tiffany L. Hogan, Ph.D.
  • 2. TODAY’S TALK:  The New Marketing Environment – what has changed and how marketers are responding  The Boomers (they certainly aren’t babies any more!) – as consumers, what are their needs and behaviors  Suggestions for successfully reaching and communicating with Boomers
  • 5. The Ultimate Marketing Challenge: + An easy sell!
  • 6. SO WHAT ARE SOME CURRENT TRENDS IN TODAY’S MARKETING?  Its not about your product or service; its all about the customer and his/her needs  Its about getting your customer to feel your product/service is invaluable  Its about bringing surprise and delight to the customer  Its about having the right product, in the right place, at the right time.
  • 7. FOCUS ON THE CUSTOMER, NOT YOUR PRODUCT OR SERVICE Connect with your customer Understand your customer
  • 8. What are their needs? What are their values? What keeps them up at night?
  • 9. SOME SPECIFIC CURRENT CONSUMER TRENDS:  From material wealth to “a life better lived”  From flashy to frugal (or “value conscious”)  From disposability to “social consciousness” How can you ride these trends to improve your products and services?
  • 10. “Your customers—your communities—have new expectations. They want to (actually!) interact with your organization. They want to know what they want to know—when they want to know it. And, as always, they want to know, and feel, how your organization and its brand align with their personal brands and values.” Tamsen McMahon Director of Strategic Initiatives Sametz Blackstone Associates
  • 12. THE BOOMERS:  78 million strong  Used to re-defining every life stage  Used to being the center of all marketing and advertising efforts  In reality, facing tough economic constraints
  • 13. THE BOOMERS: PRAGMATIC IDEALISTS
  • 14. ACCORDING TO DR. DEUSTCH OF BRAIN SELLS:  The developmental history of Boomers casts them as characters that possess a self-expansive nature primarily devoid of cynicism. The Baby Boom generation embodies a vitality that makes them survivors, even if they can't always be thrivers.
  • 15. WHAT ARE BOOMERS LOOKING FOR?  They don’t want to compromise their authenticity  The process is as important as the result, they want “the ride”  They like to inspire others; help them feel helpful  They know that there are no absolutes  They prefer personal style over rote action or ritual  They are oriented to the human dimension; they appreciate humor  They hate feeling trapped, conned and boxed-in  They are creative and conservative  They are looking to be heard and understood  Help them feel smart, proud and innovative
  • 16. THEY WON’T STOP DOING WHAT THEY LIKE
  • 17. ARE BOOMERS AND SENIORS ONLINE TODAY? YES!!!
  • 18. WHAT ARE SENIORS DOING ON LINE TODAY?
  • 19. FASTEST GROWING USER GROUPS OF SOCIAL MEDIA
  • 21. I. LEARN MORE ABOUT YOUR CUSTOMERS  Beyond what you already know. For example:  What if you were running a hotel or a camp, what would you want to know?  Ask about where they spend their leisure time now; where their “third place” is.
  • 22. II. ENGAGE MORE DEEPLY WITH YOUR CUSTOMERS/FAMILY MEMBERS  Mass, one-way marketing is dead; think personal and custom tailored  You have so much to offer; reach out beyond your current spheres; improve your WOM  Where are your future customers today? Meet them there.
  • 23. III. IMPROVE YOUR WEB PRESENCE  Search Ranking  Interactivity of your web site  Get your true identity onto your site  Social Media  Inbound “opportunities” – use them!!
  • 24. IV. CONTINUE TO REFINE YOUR MESSAGING Yesterday’s Messaging Today’s Messaging  Fit for being fit  Health and Energy  One size fits all  Customization programming  Engagement  Its all about the  Its all about the experience equipment/facilities  Be unique  Be the same  Wellness  Age-specific programming  Old is Gold  Dominance of 18-40  Hearts and Minds  Heart  “Out of the box”  “In the box” Some suggestions from Colin Miner, IAAA
  • 25. THE HIGH EXPECTATIONS AND CONSTRAINED POCKETBOOKS OF MANY BOOMERS WILL MAKE SERVING THIS GROUP EXTREMELY CHALLENGING; COMBINING THE LOW PRICES, HIGH SERVICE LEVELS, AND STRONG BRAND IDENTITY THESE BOOMERS CRAVE IS INHERENTLY DIFFICULT – BUT THOSE COMPANIES OR PROVIDERS WHO FIGURE OUT HOW TO DO IT WILL BE HIGHLY REWARDED IN THE COMING YEARS.
  • 26. THANK YOU Email me at: Tiffany@TiffanyLHogan.com for a copy of the presentation, resources or with any additional questions.