4. Nielsen calls them "The most valuable
generation in the history of marketing."
Forbes calls them "The most neglected wealthy
people in the history of marketing.”
5. 55-64 year olds most likely to provide positive
marketing campaign ROI.
In 2007, 35-44 year olds made more purchasing
decisions than younger groups.
Current least likely group to purchase a car – 18-24
year olds.
20 year olds are 15x less likely to buy cars than 55-
64 year olds.
Source: http://deepblue.lib.umich.edu/handle/2027.42/97760
6. 75% of US financial
assets are controlled by
those over 50.
9. They account for 55% of consumer packaged
goods sales and dominate 94% of CPG
categories.
Younger boomers outspend younger adults in
every major category.
16. Baby boomers are the Internet’s largest
constituency
So the question is, if people over 50 are so
economically dominant, how can it be that, as
Forbes says, they are "the most neglected
wealthy people in the history of marketing”?
In this presentation, we intend to show you that online, mobile, social, and all of those other things are not the province of the young. In doing so, we’ll walk you through a donor’s journey with you and demonstrate what you can do to make sure your Mission is not lost in the digital revolution.
Let’s talk about the reality of digital.
They purchase 60% of all new cars.
They have income 55% higher.
They spend $650/month more on technology.
Source: Yahoo.
Between now and 2030, this group will grow at 3x the rate of those under 50.
Yet, almost all digital and mobile fundraising is focused on the young.
Astoundingly, they are the target for 5% of all advertising.
Baby boomers are the Internet’s largest constituency
So the question is, if people over 50 are so economically dominant, how can it be that, as Forbes says, they are "the most neglected wealthy people in the history of marketing”?
Source: http://www.typeagroup.com/2013/04/the-most-valuable-generation-in-history.html#more
Some of our fictitious beliefs are: 1) We can target the young and get the old because the old want to be young and are therefore interested in the same things, 2) The young are more likely to share their experiences so getting in front of them helps us reach more people, 3) If we can get a donor young, we’ll have them for life.
Focus on the core of your message and what makes you you. Don’t chase trends. Be true to your message and the people that should care able you will find you and share you with others.
Be like Elvis and meet people where they want to find you – whether that’s in search, mobile, social, ads, etc. Don’t make someone that is less patient with technology work just because they want to help.
Who has been here? And, who do you think will be most patient and go through the process of trying to figure out the problem? Make things easy. Remove barriers and hurdles to the donor actually helping you out.
So, put yourself in your donor’s shoes. What do they want? What aren’t they getting from you right now? Give that to them.