They read, on average, Out of those Senior readers, The three most effective channels to reach Baby Boomers are television, search, and email marketing.
Sixty Shades Of Silver: Baby Boomers Increasingly Rule The Box Office
Below is a breakdown of electronic device ownership among U. Millennials and Seniors. As Baby Boomers and Seniors retire, many of their incomes start to see a steady decline. As a result, they are interested in products as investments that are a good deal for them now, and that also makes sense for them in the long run. The media usage of Seniors and Baby Boomers is primarily live television.
In addition, a majority of Baby Boomers and Seniors are Internet users. As you saw in this report, Baby Boomers are more active online than Seniors. This goes for social media as well. Although Baby Boomers and Seniors are on digital and social media marketing channels at a much smaller rate than the rest of the population, it is still a population worth leveraging.
Only half of Internet users 65 and older are social network users, but this still computes to In addition, the smartphone usage of Baby Boomers and Seniors is on the rise. When targeting Baby Boomers and Seniors, we recommend being honest and upfront.
Baby Boomers and Seniors want to know who they are doing business with, so having a detailed About Us page, FAQ section, as well as accessible customer service on your website, will optimize their experience. In addition, Baby Boomers and Seniors value businesses that care about their communities, so taking a local-minded approach as well as mixing in philanthropic activities will help in developing brand trust.
We also recommend keeping Baby Boomer and Senior interests in mind. Some general interests that the aging population have include:.
Digital Video Consumption & Baby Boomers
Click here to cancel reply. Notify me of follow-up comments by email. Notify me of new posts by email. Figure 2: Figure 3: Consumer Preference These two audience segments are unique and distinct from others and each other. Figure 4: Advertisers should utilize the consumer preferences in the visuals above coupled with the additional audience insight found in this report to craft messages that will appeal to their target market.
- They're at the peak of their careers, but many brands have forgotten them.
- Generational Marketing: How to get Millenials, Gen X and Baby Boomers.
- The Digital Landscape: Seniors & Babyboomers I Internet Marketing Inc..
- Allison Sees Farm Animals (Personalized Book with the name Allison).
Figure 5: Similar to Seniors, Baby Boomers also respond better to traditional media, and do not respond well to online banner ads. Types of Content Baby Boomers and Seniors engage with a variety of digital content. Members of the millennial generation are far less trusting than baby boomers or Generation X. Also, unlike their older counterparts, millennials are far more likely to rely on technology to make informed decisions. Recently, Niedermeier spoke to Wharton marketing professor Barbara Kahn about the unique characteristics of millennials and the profound changes taking place in mass marketing, advertising and messaging.
Listen to the full podcast using the player above. Generational studies point to common factors that create and define a cohort. For millennials, the top definer is digital. Millennial lives are built around the information revolution, which includes the internet, texting, email, social media and online shopping. The promotional aspect of it has changed dramatically. When I started teaching the class, even before I was here at Wharton, there was no such thing as internet advertising.
Niedermeier and Kahn are part of Generation X. They grew up swiping and on the internet. Millennials currently make up the largest generation by comparison. They account for about 92 million people in the United States, while Gen X stands at 61 million and baby boomers are 77 million. Their salaries have less buying power compared to previous generations at the same age. A lot of them are facing economic strife. This paradox can be explained by looking at the wealth distribution, he said.
Millennials also approach investing differently than previous generations because of the financial crisis. When we talk about marketing to a specific generation such as Baby Boomers, we are engaging in what some call generational marketing or generational segmentation. Like other forms of segmentation, this technique is meant to help us understand what a particular group of potential customers has in common so that we can better serve that group with our marketing and, ultimately, with our products and services.
The better we segment a group, the more successful we may be at creating and delivering impactful content. That is something of a warning.
Generational Marketing: When Demographics Meet Content Marketing
While it can be helpful to think about shoppers in generations, like Baby Boomers, marketers should go out of their way not to lump every Baby Boomer into the same bucket. But this much we know: Baby Boomers, generally, use Facebook, watch videos on YouTube, and read blogs. Thus content marketing can be an effective means of reaching them. Sign up for our email newsletter Sign Up. We are not affiliated with any ecommerce service, platform, or provider. Our mission is to publish honest, authoritative articles, commentary, seminars, and podcasts to help online merchants.