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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