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Added for You - Ride The Gray Train To Increased Profits
Business Case Study - How Over Disclosure Hurt the Franchise Buyer the Laws are Trying to Protect g enough money to continue their current lifestyle in retirementThere are often complaints that the regulatory bodies that monitor businesses in the United States of America go way too far in justifying the creation of more rules and regulations. Many consumers believe that the businesses are just trying to get away with something and are complaining because it costs them extra money to comply.Indeed bu • Although self-involved, they also are very family-oriented and have a charitable side that has not been fully tapped • When Boomers retire – and that retirement will be radically different from their parents’ retirement - they will want to bring their lives with them, not start new ones • Baby Boomers don’t think about their ages, so marketers should focus on the benefit of t A Journey of a Thousand Miles Something is roaring into the business community’s depot that has been building momentum for years. I call it the Gray Train. On December 31, 2004, the last Baby Boomer turned 40, pushing that train to full throttle. Marketers are missing the obvious and not-so obvious opportunities to grow their businesses with this appealing audience.You can’t build a reputation on what you are "going" to do. Henry Ford Everyone procrastinates in their own way. For some, procrastination results from the belief that there is always one more bit of information that will really make the case?or, conversely, really undo the case. They resist taking action for Self-indulgent Baby Boomers want what they want, now. They have business expertise, have received all sorts of training from their corporate employer and now that education allows them to open up their own businesses. Or, they have done so well, they no longer have to work. They can pursue their passion. A few, smart marketers have been positioning themselves to take advantage of this segment that – with few exceptions - has disposable income, time and the inclination to use both to get what they want, when they want it. Baby Boomers are members of a generation – 78 million strong - born between 1946 and 1964. Boomers control half of all discretionary income and spend $2 trillion every year on consumer-related services. Half of Boomers will pass 50 in 2005, as 10,000 more see their cake ablaze with 50 candles every day. Despite the size of this demographic segment, it has been reported that only about 10 percent of advertising dollars are spent on Boomers. Not only are most marketers ignoring the obvious about this segment, they are clueless about what Boomers really want: experiences, particularly those that bring with them knowledge or a chance to connect with family. Here are a number of other themes the marketer should take advantage of in targeting the Baby Boomer: • Boomers are first and foremost self-interested. They want what they want, and they want it now • Despite this “want it now” mentality, Boomers are increasingly concerned about having enough money to continue their current lifestyle in retirement • Although self-involved, they also are very family-oriented and have a charitable side that has not been fully tapped • When Boomers retire – and that retirement will be radically different from their parents’ retirement - they will want to bring their lives with them, not start new ones • Baby Boomers don’t think about their ages, so marketers should focus on the benefit of th Taking the Step Towards Starting a New Business is as Easy as 1,2,3, Err 4! g from their corporate employer and now that education allows them to open up their own businesses. Or, they have done so well, they no longer have to work. They can pursue their passion.It’s a fact that some people are not content with their current job and are looking for more challenges but are wary of the loss of security this may entail. Many others have that urge to start a business but are not sure when, where and how to make the jump to relying upon themselves. Starting out a business can seem overwhelming. Issues such as A few, smart marketers have been positioning themselves to take advantage of this segment that – with few exceptions - has disposable income, time and the inclination to use both to get what they want, when they want it. Baby Boomers are members of a generation – 78 million strong - born between 1946 and 1964. Boomers control half of all discretionary income and spend $2 trillion every year on consumer-related services. Half of Boomers will pass 50 in 2005, as 10,000 more see their cake ablaze with 50 candles every day. Despite the size of this demographic segment, it has been reported that only about 10 percent of advertising dollars are spent on Boomers. Not only are most marketers ignoring the obvious about this segment, they are clueless about what Boomers really want: experiences, particularly those that bring with them knowledge or a chance to connect with family. Here are a number of other themes the marketer should take advantage of in targeting the Baby Boomer: • Boomers are first and foremost self-interested. They want what they want, and they want it now • Despite this “want it now” mentality, Boomers are increasingly concerned about having enough money to continue their current lifestyle in retirement • Although self-involved, they also are very family-oriented and have a charitable side that has not been fully tapped • When Boomers retire – and that retirement will be radically different from their parents’ retirement - they will want to bring their lives with them, not start new ones • Baby Boomers don’t think about their ages, so marketers should focus on the benefit of t 3 Interview Blunders 78 million strong - born between 1946 and 1964. Boomers control half of all discretionary income and spend $2 trillion every year on consumer-related services. Half of Boomers will pass 50 in 2005, as 10,000 more see their cake ablaze with 50 candles every day. Despite the size of this demographic segment, it has been reported that only about 10 percent of advertising dollars are spent on Boomers.I’m not a human resources expert, but I have been on several hiring committees and have been involved directly in the hiring decisions at several organizations.What I’ve learned is that usually the decision boils down to a few top contenders with qualifications of fairly equal caliber. When more than one applicant is suitably qualified for Not only are most marketers ignoring the obvious about this segment, they are clueless about what Boomers really want: experiences, particularly those that bring with them knowledge or a chance to connect with family. Here are a number of other themes the marketer should take advantage of in targeting the Baby Boomer: • Boomers are first and foremost self-interested. They want what they want, and they want it now • Despite this “want it now” mentality, Boomers are increasingly concerned about having enough money to continue their current lifestyle in retirement • Although self-involved, they also are very family-oriented and have a charitable side that has not been fully tapped • When Boomers retire – and that retirement will be radically different from their parents’ retirement - they will want to bring their lives with them, not start new ones • Baby Boomers don’t think about their ages, so marketers should focus on the benefit of t The Truth About These One Time Offers is segment, they are clueless about what Boomers really want: experiences, particularly those that bring with them knowledge or a chance to connect with family.You get an email about some product the marketer will sell you for only one dollar then right before you are taken to the page where you can download your product you are taken to one of these One Time offer pages. They tell you that this product on this page will only be offered to you once and that if you don't get it you will lose out forever, Here are a number of other themes the marketer should take advantage of in targeting the Baby Boomer: • Boomers are first and foremost self-interested. They want what they want, and they want it now • Despite this “want it now” mentality, Boomers are increasingly concerned about having enough money to continue their current lifestyle in retirement • Although self-involved, they also are very family-oriented and have a charitable side that has not been fully tapped • When Boomers retire – and that retirement will be radically different from their parents’ retirement - they will want to bring their lives with them, not start new ones • Baby Boomers don’t think about their ages, so marketers should focus on the benefit of t Why Personal Injury, Bankruptcy and Social Security Lawyers Need to Advertise on TV g enough money to continue their current lifestyle in retirementAttorneys slowly started advertising on TV way back in the 70's. Before then it was considered unethical for a practicing attorney to advertise his services on television. Since then lawyer advertising has grown with leaps and bounds. Every US television market has personal injury, bankruptcy and social security lawyers advertising plus many ot • Although self-involved, they also are very family-oriented and have a charitable side that has not been fully tapped • When Boomers retire – and that retirement will be radically different from their parents’ retirement - they will want to bring their lives with them, not start new ones • Baby Boomers don’t think about their ages, so marketers should focus on the benefit of the product or service and not on the user’s age For marketers, the bottom line is this: Baby Boomers constitute a ripe demographic that has been ignored too long. TV network programmers and Hollywood movie companies, among other marketers may want to take a fresh look at this 78-million-strong generation. My advice: get on the Gray Train and profit. If you’d like more on this topic, get my Purple Paper on the subject at: http://www.hoover-ink.com/BabyBoom.pdf
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