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Unlock the power of
           the 50+ Market

                              SilverPoll™. April 2011




© Silver Group Pte Ltd 2011
Age-Friendliness a Deciding Factor
                   Question: How likely are you to buy a product or service from brands if they are age-
               friendly when compared to one that makes you feel old or excluded from their customer mix
                                             perhaps due to a focus on youth?

                                                                            Not likely at all
                                                                            (no difference)
                                                                                  13%



                                         Very likely
                                           (age-                               Neither more or
                                      friendliness is                            less likely
                                          critical)                                 28%

                                          59%




                                                                                 SilverPoll™ (online)
                                                                                 Area = Singapore
                                                                                 Period = 23/02/2011 - 10/03/2011
                                                                                 Responses = 14,908
                                                                                 Gender = Male / Female
© Silver Group Pte Ltd 2011                                                      Age = 50 yrs and above
‘Age-Friendliness’ Affects All Categories
                  Question: How likely are you to buy a product or service from X business if it is age-friendly
                     when compared to one that makes you feel old or excluded from their customer mix
                                               perhaps due to a focus on youth?



                                  Sports gear                               48%

                                     Clothing                                 53%
                                                                                             ‘Age-friendliness’
                                                                                              critical to choice
                                    Skin care                              46%

                          Bank/Insurance co                                    54%

                                        Airline                            47%

                                                                                         SilverPoll™ (online)
                                                                                         Area = Singapore
                                                                                         Period = 23/02/2011 - 10/03/2011
                                                                                         Responses = 14,908
                                                                                         Gender = Male / Female
© Silver Group Pte Ltd 2011                                                              Age = 50 yrs and above
Roles in an Age-Friendly Customer Journey
                   Issue: When deciding to buy a product or service, how important is it that X makes me feel
                                    comfortable with my age and welcomed as a customer?



                  Product/Service design                           39%


                          Retail environment                                 63%
                                                                                             ‘Very Likely’ or
                                                                                            ‘Likely’ to buy if
                                      Website                         45%
                                                                                              Age-Friendly


                Social networks/reviews                                          72%


                              Advertising/PR                                         82%

                                                                                       SilverPoll™ (online)
                                                                                       Area = Singapore
                                                                                       Period = 23/02/2011 - 10/03/2011
                                                                                       Responses = 14,908
                                                                                       Gender = Male / Female
© Silver Group Pte Ltd 2011                                                            Age = 50 yrs and above
The world's first process to help businesses and
            brand owners understand, measure, track and
             ultimately remove the barriers between them
                          and older customers.

                 By becoming more age-friendly, brands can
                  unlock the vast spending power of mature
                                  customers.


© Silver Group Pte Ltd 2011
Making the connections



                                   +                         =
                                                                 An assessment
                      27 Effects          Customer                     of
                      of Ageing            Journey                    age-
                                                                  friendliness


                        PHYSICAL             ONLINE

                        SENSORY          COMMUNICATIONS

                       COGNITIVE       PHONE SALES/SUPPORT

                                            PRODUCT

                                             RETAIL




© Silver Group Pte Ltd 2011
Recommended Procedure



                       PHASE 1          PHASE 2                PHASE 3


                   SilverAudit          Strategy                Workshop

           Identify, monitor and    Measure Audit vs.    Team buy-in. Ideation.
           measure the barriers    customer vs. brand   Feasibility and action plan




© Silver Group Pte Ltd 2011
Sample output
                                                                                Silver Strategy
                                                                                          6
                                           REVIEW                                                                             MAINTAIN
                                           (over-delivery)                                                        (keep good momentum)

                                                                                          5
            SilverAudit (mean is 3)




                                                                                          4

                                                                                          3
                                      !"                      #"                  $"                %"                &"                        '"
                                                                                          2

                                                                                          1
                                           CAUTION                                                                            DEVELOP
                                           (lower priority issues)                                                    (critical to get right)
                                                                                          0
                                                                     Stated importance by consumers (mean is 2.625)
                                                             Bubble size denotes SILVER READINESS INDEX of touch point
© Silver Group Pte Ltd 2011
                                                                     Note: sample data for illustration purposes only
Connecting you to the 50+ market

                                        www.silvergroup.asia
                                    Contact: kim@silvergroup.asia




© Silver Group Pte Ltd 2011                                         ACRA: 200810734H
SILVER is the most insightful
       and informed authority
       helping businesses to
       leverage the rapidly growing
       50+ segment

© Silver Group Pte Ltd 2011

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SilverPoll2 The importance of being age-friendly_June2011

  • 1. Unlock the power of the 50+ Market SilverPoll™. April 2011 © Silver Group Pte Ltd 2011
  • 2. Age-Friendliness a Deciding Factor Question: How likely are you to buy a product or service from brands if they are age- friendly when compared to one that makes you feel old or excluded from their customer mix perhaps due to a focus on youth? Not likely at all (no difference) 13% Very likely (age- Neither more or friendliness is less likely critical) 28% 59% SilverPoll™ (online) Area = Singapore Period = 23/02/2011 - 10/03/2011 Responses = 14,908 Gender = Male / Female © Silver Group Pte Ltd 2011 Age = 50 yrs and above
  • 3. ‘Age-Friendliness’ Affects All Categories Question: How likely are you to buy a product or service from X business if it is age-friendly when compared to one that makes you feel old or excluded from their customer mix perhaps due to a focus on youth? Sports gear 48% Clothing 53% ‘Age-friendliness’ critical to choice Skin care 46% Bank/Insurance co 54% Airline 47% SilverPoll™ (online) Area = Singapore Period = 23/02/2011 - 10/03/2011 Responses = 14,908 Gender = Male / Female © Silver Group Pte Ltd 2011 Age = 50 yrs and above
  • 4. Roles in an Age-Friendly Customer Journey Issue: When deciding to buy a product or service, how important is it that X makes me feel comfortable with my age and welcomed as a customer? Product/Service design 39% Retail environment 63% ‘Very Likely’ or ‘Likely’ to buy if Website 45% Age-Friendly Social networks/reviews 72% Advertising/PR 82% SilverPoll™ (online) Area = Singapore Period = 23/02/2011 - 10/03/2011 Responses = 14,908 Gender = Male / Female © Silver Group Pte Ltd 2011 Age = 50 yrs and above
  • 5. The world's first process to help businesses and brand owners understand, measure, track and ultimately remove the barriers between them and older customers. By becoming more age-friendly, brands can unlock the vast spending power of mature customers. © Silver Group Pte Ltd 2011
  • 6. Making the connections + = An assessment 27 Effects Customer of of Ageing Journey age- friendliness PHYSICAL ONLINE SENSORY COMMUNICATIONS COGNITIVE PHONE SALES/SUPPORT PRODUCT RETAIL © Silver Group Pte Ltd 2011
  • 7. Recommended Procedure PHASE 1 PHASE 2 PHASE 3 SilverAudit Strategy Workshop Identify, monitor and Measure Audit vs. Team buy-in. Ideation. measure the barriers customer vs. brand Feasibility and action plan © Silver Group Pte Ltd 2011
  • 8. Sample output Silver Strategy 6 REVIEW MAINTAIN (over-delivery) (keep good momentum) 5 SilverAudit (mean is 3) 4 3 !" #" $" %" &" '" 2 1 CAUTION DEVELOP (lower priority issues) (critical to get right) 0 Stated importance by consumers (mean is 2.625) Bubble size denotes SILVER READINESS INDEX of touch point © Silver Group Pte Ltd 2011 Note: sample data for illustration purposes only
  • 9. Connecting you to the 50+ market www.silvergroup.asia Contact: kim@silvergroup.asia © Silver Group Pte Ltd 2011 ACRA: 200810734H
  • 10. SILVER is the most insightful and informed authority helping businesses to leverage the rapidly growing 50+ segment © Silver Group Pte Ltd 2011