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May
10

To Get Boomers Playing Your Tune, Try The Six C’s

Beatles in Sgt Pepper uniforms

Did the Beatles really provide the soundtrack for a generation? "Will you still need me when I'm 64" has certainly taken on new meaning over the years.

To paraphrase the lyrics to “Sgt Pepper’s Lonely Hearts Club Band” … “It was 65 years ago today that Boomers entered the world to play.” Well, as the leading edge Boomers approach (and even surpass) that life passage of a 65th birthday, playtime feels like a long time ago.

And while lots of people today are singing the same tune about how revolutionary Boomers are in total as the primary 50+ market segment, it’s harder to find practical help on how to get action from your Boomer Marketing activity.

This was on my mind as I prepared my part in a recent Webinar The 50+ Market: Cutting-Edge Best Practices for Direct Mail and Email Campaigns” hosted by Direct Marketing IQ. The attendees seemed to find value in these “Six C’s” which our agency, DMW Direct, has found worked well in successful marketing campaigns.  So I thought I’d also share them with you, dear readers of NGB …

  1. Carve the market up into at least two segments. The Leading Edge Boomers (1946-1954) and the Trailing Edge Boomers (1955-1964) are two different segments. 18 years separate the high and low end of Boomers. Does a 25-year-old have the same needs as a 45-year-old? Would you speak to them in the same way? Leading Edge Boomers are okay with being “boomers” but don’t call them “seniors.” Trailing Edge Boomers don’t like being called “boomers.” You need to cater to their preferences on all levels.

    "We promised to grow old together, not look old together"

    Okay, so time may wait for no one ... but Boomers aren't passively sitting and waiting to see what it will do to them, either.

  2. Compliment them on their agelessness. At least in their minds, Boomers will never grow old. Make sure your photos and the way you speak to them reflect how they see themselves, and not their numeric age.
  3. Carry them into the future and don’t dwell on the past. Using nostalgia can backfire if you don’t use it properly. Boomers are forward-thinking, not backward-looking individuals. They feel the best is yet to come. If you want to refer to the past, make sure you only use it in contrast to how different they are today. They are better. They have different needs. Talking too much about the “good old days” makes them feel “old.”
  4. Create a climate of comfort. If they can’t read it easily, understand it clearly, or access it quickly, they will go somewhere else. Anything that makes them feel inadequate or old will result in rejection. Small type sizes or industry jargon they don’t understand are causes for throwing out your direct mail (and don’t forget that if your mail drives them to your Website it should be easy for them to maneuver once they get there … if not, consider a landing page or microsite stopover). They also love companies that educate them. They are information sponges and define knowledge as power. They are more comfortable when they are armed with the facts. Don’t be afraid of adding a small brochure to direct mail.
  5. Convey convenience. They live, and have lived, in both the analog and digital worlds. They like to access any and all avenues to get what they want. Give them the opportunities they seek: look over direct mail but offer a Website for more information; call and talk to someone by providing a toll-free number in the kit; send a question via e-mail. Let them have it their way and keep all their options open.
  6. Come off as credible. This jaded cohort has seen it all when it comes to advertising. They were the first group targeted by advertisers and have learned to turn off outrageous claims. They will demand more information and backup to what you have to say. They are not brand loyal. They want to know what is in it for them. If they perceive the product fits their needs (remember both the Leading Edge and Trailing Edge Boomers are all about “self”) then who is selling it can be less of a concern. Referrals and testimonials help with credibility.

Of course, the real trick is turning these principles into convincing messaging. For many of our clients, the answer to another musical question — “Will you still need me, when I’m 64?” quoted from another song on the Sgt. Pepper album — is “Absolutely.” For any marketer who does indeed need those Boomers, age 50 or 65, as customers, you’ll find some Real World examples in the Case History section of our Website.

To see more examples of marketing to those 65+ with a little help from your friends at DMW, just comment below, or contact us here. And best wishes in your efforts to transform the Baby Boom into a Business Boom!

Linda Armstrong
With over 35 years of direct marketing insurance experience, Linda is DMW Direct’s Health Insurance Practice Leader, dedicated to the more than 20 health insurance plans for which DMW Direct designs, manages, and implements direct marketing programs.

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Mar
09

Boomer Grandparents Give Back – Redefining Generation “Me” (pt. 2)

Part One of this two-part posting, “The Re-Defining of The Me Generation” referenced the four trends demonstrating how Boomers – the one-time poster children of self-absorption — have become increasingly other-directed. The trends cited in that post were: 1) Looking to their legacy;  2) Healthy aging; 3) Redefining aging; and 4) Back to “The Meaning of Life.”

Selling to Boomers? Say hello to your newest competition: The Grandchild. In the fight for "Hearts and Minds" — let alone share of pocketbook — how are you liking your chances?

Now in this sequel, “The Grandparents Give Back,” I wanted to share another documented trend: Boomers are hitting the life stage when grandchildren enter the scene … with some interesting similarities and differences to previous generations of “Gramps & Grams.”

GrandBoomers are “Paying It Forward” … sharing the wealth with their youngest generation. Granted, grandparents have always given to their grandchildren. But today, according to a survey by the MetLife Mature Market Institute, even at the height of the Great Recession nearly two-thirds of America’s grandparents provided an estimated $370 billion in financial support to their grandkids over the previous five years. That averages out to $8,661 per grandparent household.

“Grandparents are filling the gaps,” said Amy Goyer, a grandparents expert with the AARP, as quoted in a Star Tribune article. “They’re paying for the school trips, the sports, the costs of extracurricular activities.” The gist is that today’s “GrandBoomers” are sharing on an unprecedented scale. And, just as Baby Boomers have transformed every stage of their lifecycle, it is likely that their new role as grandparent will be no different.

Note also, that the dollar amount in the MetLife survey does not include money given to support adult children, which trickles down to grandkids. Neither does it include non-monetary assistance provided by grandparents, especially child care.  So it’s likely that grandparents are spending even more than that figure.

Financial Power: Grandparents will spend an estimated $52 billion on their grandchildren in 2011.*

Boomers are buying the big-ticket items. The chart at left shows significant spending for the youngsters’ education. (*chart from Grandparents.com). According to a 2002 survey from AARP, more than half of these grandparents say they have helped or will help pay for their grandchild’s higher education expenses.

And a sheepskin isn’t all they are helping to finance. A national survey commissioned by Better Homes and Gardens Real Estate finds that Baby Boomers are also helping their children or grandchildren become homeowners. According to that survey, one in five Baby Boomers has already gifted, loaned, or co-signed a loan to support their children or grandchildren when purchasing a home. And over two-thirds of Baby Boomers wish to provide this type of support in the future.

This is just the start of the trend. Today, AARP estimates that there are over 74 million grandparents in the U.S. As older grandparents live longer, and as more and more Baby Boomers or “GrandBoomers” join the ranks of grand parenthood times are changing. Grandparents in America are the youngest they have ever been, with the average first-time grandparent now just 47, according to the Washington, D.C.-based AARP.

How today's "GrandBoomers" differ from non-boomer grandparents, per the AARP Study

How are Boomers different from previous G’parents? In the AARP study noted above, GrandBoomers reported higher levels of purchasing than non-Boomers in all categories in the survey regarding reasons for spending (see table). GrandBoomers reported slightly higher frequencies than non-Boomers in purchasing for birthdays and holidays. However, GrandBoomers reported much higher percentages than non-Boomers in spending for necessities, as well as seeming more susceptible to impulse spending.

So in summary … First, I must admit that to my jaundiced eye, a question arises regarding the AARP study: Did those “non-Boomers” spend similarly on their kids and grandkids when in their younger years? Is the current spending patterns due to a more generous Boomer generation, or because now all family generations are older, so presently non-Boomer grandparents are on more restricted fixed income, their children are more advanced in their earning years, and  their grandchildren are older, with different needs than GrandBoomer families?

Regardless, the numbers cited above from all sources, as well as the points covered in part 1 of this post, tell a compelling tale. That amount of smoke, PR machines alone can’t generate without some fuel: There’s a fire here. And it’s definitely worth consideration, if you — along with the grandchildren — are looking to get into the aging Boomer’s pockets. Those pockets are only so deep, and those little ankle biters are pretty dang cute!

Bill Spink
Crafting winning creative executions, and leading creative teams as they develop winners, has been Bill’s forte’ for over three decades. Bill’s work has won recognition at numerous award shows, including several Caples and a Clio.

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Feb
10

We’re in the Promised Land of DRTV

Grout Bully website "snap"

We're into the 1st Quarter of 2012 — the "Promised Land" of DRTV — and the hard sell is on! Check out Grout Bully and see their spot at their Website.

Yes, once again it’s that magical first quarter of the year, when DRTV (direct response television) time is plentiful to purchase and all the marketers are taking the plunge into the post-retail season of high availability.

Getting some time off with the TV constantly on in the background to entertain both the very old and the very young, from the Holidays through January, gives one a great opportunity to see interesting things while passing by the set. Seemed to me all the specialty cable channels, as well as the network channels, have been abuzz all day with the latest and greatest things that you suddenly wonder how you could ever live without.

Old school hard-sell DRTV Lives! Grout Bully. I have to admit it – I guess I am just a sucker for the good old DRTV formula (fortunately my wife monitors my activities … following my mesmerization with this newest gadget, I was almost ready to order the “Grout Bully”!). Note that they show the commercial on the Website (upper right). So if you missed some Grout Bully detail on TV you can watch it again on the site.

"Shake, shake, shake ... shake your Sensa!" The KC & The Sunshine Band groove may not be too new – but the level of production value is.

But what has really impressed me in my recent TV viewing is the multitude in this year’s crop of DRTV spots that have moved up the ladder in production value to no longer look like their celebrity-endorsed, pitchman-shouting cousins. Sleep Number beds, Sensa (weight loss product), and Hydrolyze (skin care) come immediately to mind.

Sensa: New Wave Brand-Direct. This spot has upped the ante in editing and overall production value – but the hard sell is still pretty solid. Granted, the KC & The Sunshine Band musical approach isn’t all that “new” – but the overall approach to DRTV is innovative. View the spot here>

Sleep number has done a real nice job upgrading the hard-sell product demo to brand-like viewing quality – but has moved the call to action to drive viewers in-store.

Sleep Number: Taking another route. Now, these guys have upped the ante on quality, and more. While delivering a solid, very traditional DRTV response-style product demo, they are focused on driving viewers into a retail location and are clearly counting on all the channels of distribution to win the day. View the spot here>

I also noted that the weight loss and beauty people are looking very much like “real” pharmaceutical advertisers. However, if you check them out on YouTube, you can view the older tried and true DR formula spots for these products.

The lesson here — at least for me — is that right now there’s room for every type of spot and a wide range of production values. The old-formula spots seem to still be working and are prolific … so much so that even those advertisers adapting the new “Brand-like” look still have their workhorses out there on the Internet to help drive traffic. Those marketers that are moving way “uptown” to build brand are still using many old-school techniques to work hard at generating leads and store or site traffic. It’s more an evolution than a revolution going on.

Warren Hunter
For nearly 35 years, Warren has helped marketers reap the fruits of their marketing investment: first as a marketing director and officer at various insurance companies, and since 1988 working with clients as an agency consultant.

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Jan
25

Why The Numbers Just Don’t Match

Chalboard: 2 + 2 = 6

Arriving at an arithmetical sum isn't always as easy as we were taught in grade school.

So you’ve decided to overhaul your data system. It’s gonna be great! No more frustrating meetings wrangling over which of the two conflicting weekly sales figures is right, Marketing’s or Finance’s. One source of truth, pure and simple! Right? … Suckerrrrr.

Okay, sorry. That was kinda harsh. But here’s the truth: After all that work, your numbers probably still won’t match, and clear analysis of true data-driven direct marketing will suffer. Why? Often, the culprit is Departmental Myopia.

When you slice and dice data — even pristine, shared-source data — you are doing so from a unique point of view: Your own. Daily life in any given department is laden with its own assumptions, goals, interests, and biases you probably never even think about. Any data-driven insights discovered will unconsciously be filtered through them.

Do you see faces, or a goblet? In a Marketer’s Real World (how's that for an oxymoron, eh?) the answer is often more about how you look at it, than what is empirically there to see.

Conflicting date ranges are one of the most common signals of Departmental Myopia – and one of the easiest to fix. Say you have a column on a report labeled “Last Week’s Sales.” As an example, let’s look at how folks in different departments define “Last Week”:

… You might be referring to the payroll calendar – Monday thru Sunday.

… Jerry in IT uses the server processing calendar – Sunday thru Saturday.

… Vasu in Finance uses the commission calendar – Friday thru Thursday.

That’s three POV’s, each accurate, yielding three different sales numbers – from the same data set.

So you gather a multi-disciplinary team together to agree on a common date range. Progress! Now let’s ask the group a simple question of the following data set: How many widgets did we sell?

Seems like a straightforward question. Especially given the obvious total in the chart above.

But how might those different departments answer? Let’s poll the group …

• BUSINESS INTELLIGENCE TEAM – “Well, actually, the answer is 10.” “WDGT” is the product code we were given, and ten records show that code. Your report says twelve, and where did the other two go? Put in a ticket and we’ll look into it. Someday.

• MARKETING – “Nope. Answer is 8.” That Margin Buster promo is the best thing to happen to sales since GPS. The “Marginbuster” promo code was used 8 times. We rule! Party at Mike’s cube!

• FINANCE – “‘Fraid not. The answer is 4.” The Margin Buster promo transactions net out at zero margin, so we don’t consider those to be real sales. Yay, Marketing. Not.

• WEB ANALYTICS – “Still too generous. The answer is 3.” We know that’s correct, because it matches our Google Analytics reports for the Widget.com site. We’re missing what? What is this e-mail micro-site you speak of?

 OPERATIONS – “No, no. The answer is 11.” It was twelve, but one canceled. Apparently, Sales guaranteed him that the widget would ensure first position on Google for the keyword “cool.”

FULFILLMENT – “What!?! The answer is 4.” It’s complete when it’s delivered, and we’ve delivered four. We don’t count the load if it ain’t in their abode. If it ain’t come to fruition, there ain’t no commission. If it ain’t off the truck, it’s not … oops, gotta run.

• SALES – “Whoa, hold on — the answer is 12.” It’s right there at the bottom line. Gimme my bonus!

Well, you get the idea. One source of data doesn’t necessarily deliver one source of truth. Getting the “Real” answer in data-driven direct marketing requires turning on the verbal side of the cranium — and crafting explicit criteria that all parties can “get” and agree on — to start delivering the numbers that fulfill that promise.

Cathy Carleton
Cathy leads the DMW Direct Data Analytics group with a passion for turning complex data into plain-English insights yielding positive results. With 13 years on the corporate-side, Cathy is a champion of the client’s point of view in crafting any analytical strategy.

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Jan
06

What Do Customers Want?

As a creative director at an ad agency, a good part of my job involves understanding  consumers. What they want, how they think, what motivates them to buy my clients’ products, and also the manner in which they prefer to do business.

Cartoon: Angry phone caller

Hello... Hello... It's your customer calling — is anybody there? Is anybody listening!?!

As a consumer (of way too many products & services), I am astounded at the lack of understanding on behalf of some very big players that the “how” (and the “how easy”) can be just as important as the “what” in the purchase decision process.

Take a recent experience I had with a telecommunications giant of a certain three-letter name. I needed to sign up for an international plan with a discounted rate for calling, data, and messaging services to cover a vacation abroad. Sounds fiscally responsible and easy enough, right?

Imagine my surprise while visiting their website to find no toll-free number anywhere. I just wanted to talk with someone about the options I’d found. No toll-free number on a website? Let alone a telecommunication giant’s website? Ironic, don’t you think? (If I were a PR practitioner, I’d tell ‘em this oversight didn’t make them look very good!)

I scoured … I clicked … I hit every drop-down menu I could find. Still … no toll-free number anywhere. Call me old-fashioned, but I personally prefer to speak with a live person, especially when I’m buying a product or service I don’t know much about. I have a feeling I’m not alone. I also had a few questions not listed on their FAQ‘s that I wanted answered by a live person. Preferably someone here in the US who I could understand; someone whose voice I could hear and whose name I’d write down.

Perhaps they forgot to include their number when developing their wireframes? I shook off that thought as “not plausible” due to their sheer size and the fact that someone at this company surely understands the value in letting customers do business the way they want.

I eventually got to a live human being … by utilizing their not-so-speedy click-to-chat feature to request their toll-free number dedicated to international calling services. It seemed a strange, inefficient, and unusual way to work. If they wanted to save money by making customers utilize automated ordering in an online environment … and save money by reducing overhead by not utilizing live people, I just cost them double.

All’s well that ends well, I guess. I got my services, saved some money, and had a lovely trip to Riviera Maya. Upon my return, I called the three-letter-wonder to cancel my extra services as I was asked to do … and was politely informed that in the future, I could always use their website to order and cancel services like this. (So much for customer preferences and tracking ‘em!)

No thanks, three-letter-company. I want to do business with you the way I want to. Not the way you want me to. I’ll stick to buying from a live person, thank you. That is, if I can find your number!

Wendy Vagnoni
As a multi-award-winning creative director at DMW Direct, Wendy Vagnoni is responsible for managing the agency’s creative resources against specific client programs, as well as continuing to develop innovative, winning creative approaches.

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Dec
05

4 trends that are re-defining the “me” generation (pt.1)

Decades ago, before my Google alerts were all abuzz with “Boomer News” (actually before Google at all), Tom Wolf gave the  “Me Decade” its handle, and Jean Twenge authored “Generation Me.”

T-shirt: Product of the me generation"

"Me generation" is so pervasive it works as a cliche T-shiort motto — but that "handle" is looking less and less accurate with the passing years

Those babies of the late 40′s through mid 60′s who grew up labeled as self-focused, materialistic, live-in-the-moment experience-seekers, moved on and moved up. College-educated and fueled by aspirations in a flourishing post-war, pro-consumerism Eisenhower America, this large demographic group embraced mass media, upward mobility, and through sheer force of numbers reshaped and redefined many facets of popular culture in ways we’ve blogged about here in NGB for over a year now.

Now, in the recent U.S. Health and Trends Report published by the NMI, drawing insights from their Healthy Aging/Boomer Database® (an annual survey of more than 3,000 older adults), NMI Managing Director Steve French has identified four trends shaping the ever-evolving U.S. Boomer market …

1. Looking To Their Legacy: The study finds 50+ consumers are continuing to audit their lives and search for balance. They increasingly desire connection and belonging. At this stage of life, Boomers are looking to build a legacy, connect with others, and do the right thing. According to NMI research, 83% of 50+ consumers indicate they are becoming more aware of the importance of personal relationships, rather than personal possessions. Two-thirds say they are trying to do more things that benefit others rather than themselves.

2. Healthy Aging: Of course, the desire to prolong health and vitality is high across all ages and all generations – not just Boomers and Matures as many might believe. In fact, Gen X is significantly more likely to indicate that looking younger is important to them, giving marketers of appearance-linked products a very viable consumer target. Note that there are significant differences. Gen X is looking for foods/beverages that boost energy, burn belly fat, and provide stress relief. On the other hand, Boomers and Matures are more concerned with heart health, joint pain and lowering cholesterol. But, contrary to what many knee-jerk media hawks tout, fewer than 1 out of 5 consumers age 50+ are focused on the next fountain of youth. They are not looking to turn back the clock. It’s less about looking or acting age 30 again; it’s about healthy aging and accepting who they are now, while striving for a healthier vision.

3. Redefining Aging: As earlier NGB blog posts have also pointed out, French says that “while Boomers may be accepting of themselves, they are not accepting stereotypes of old age. Fifty-plus consumers aren’t looking to buy big-button phones or ‘I’ve fallen down and can’t get up’ monitoring devices. Close to half are searching for new self-care methods to prolong health and vitality, and two-thirds optimistically proclaim that the best years of their life are still ahead of them.”

The "Fab Four" with Maharishi in India

Maybe "enlightenment" did enter deeply into the consciousness of the youth of the 60's and 70's ... it just took a while to mature.

4. Back To “The Meaning Of Life”: Maybe The Beatles’ trips to the Maharishi have had a lasting subliminal effect. Drawing on NMI research, French notes that: “For Boomers, it’s no longer about having it all; it’s about having the right things. It’s about peeling back the layers and finding the core components of a meaningful life.” Boomers today are demanding more transparency and a clearer view of how a product or service truly fits with their value system and definition of themselves even as they continually redefine themselves. The research indicates over 50% of older consumers feel they’d live a better life by having fewer material possessions, and two-thirds feel finding a purpose in life is more important than making money. “One of the main goals driving them to live a healthier lifestyle is the ability to ‘relax and enjoy life,’ as stated by almost seven in ten.” A more pure, natural, and simpler lifestyle will be the growing mantra of an ever-evolving and increasingly savvy consumer. Their desire for “natural nutrition” is growing with 38% indicating that natural foods/beverages are extremely important in how they maintain a healthy lifestyle.

For marketers, the update in this research is to be reminded that not only does a generation age, it can also evolve and change, refining attitudes and priories. In our desire to analyze data, make lists and “check the boxes,” it’s good to be reminded that those boxes can — and do — change. We need to periodically re-examine and update our checkpoints.

More insight to share, reflecting on the news feed, but this post is plenty long. To be continued in a future post. In the meantime, how have evolving Boomer attitudes affected your marketing?

Bill Spink
Crafting winning creative executions, and leading creative teams as they develop winners, has been Bill’s forte’ for over three decades. Bill’s work has won recognition at numerous award shows, including several Caples and a Clio.

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Dec
05

Who needs life insurance? My “unreal” lesson from real life.

A short while ago, I came across a disturbing statistic in a recent issue of Insurance Networking News: Almost half of Americans with household incomes between $50,000 and $250,000 don’t have life insurance.

Comic book cover: Tales of the Unexpected

It's not science fiction we have to worry about – its those natural life passages we just don't get around to preparing for in daily life.

Zip. Zilch. Nada.

This struck me as disturbing on a number of personal levels. First, as someone who specializes in selling insurance directly to consumers through direct marketing means, that news was troubling. Fifty percent of the very folks who have assets to protect and should be covered are walking around unprotected from the ultimate peril. Financial disaster could literally be lurking around the corner.

Am I being too dramatic? Not at all; I speak from direct and painful personal experience.

I believe in the value of my clients’ products. They protect the consumers they serve and they do it very well. As a wife and mother, the real value of term life insurance came full-circle early this year as I faced the devastating loss of my 52-year-old husband.

By the time my husband was diagnosed in 2007 with a disease that would ultimately claim his life, it was too late to get the life insurance protection we needed to cover our biggest expenses. Like many working professionals, we chose to take care of the “here and now” expenses, instead of preparing for the long-term ones and for what seemed like a very slim and very remote possibility. The children and their daily needs. Our businesses. Our aging parents. The house, yard and cars. Like many couples, everyday living took 150% of our attention, time and focus.

Looking back, we definitely should have thought much more about the “what if’s.” And yes, we should have known better. After all, we considered ourselves to be accomplished professionals! Our key failure was in not planning for the unexpected, something that has rippled through our lives ever since.

Fortunately, my husband did have a policy through my employer to cover final expenses and some outstanding bills. Since term life insurance proceeds are free from federal income tax, the full face amount was paid, a very nice advantage in a critical time of need. I received the proceeds quickly and in a very professional and compassionate manner from our carrier, MetLife. I will always be grateful we had that policy … and also for the manner in which they handled my claim.

I share this personal experience for several reasons. If you have loved ones who are counting on you, please make sure you’re adequately protected. Term life insurance should be part of everyone’s portfolio. It’s widely available from many reputable companies and also very affordable: Rates have declined considerably in the past ten years. My other piece of advice is to get it while you’re still young and healthy. Hopefully, you’ll never need it, and you’ll simply enjoy the peace-of-mind it brings. But in the event you do, your loved ones will be much better prepared to handle the future.

Wendy Vagnoni
As a multi-award-winning creative director at DMW Direct, Wendy Vagnoni is responsible for managing the agency’s creative resources against specific client programs, as well as continuing to develop innovative, winning creative approaches.

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Nov
28

“Change is the only constant,” or is it only constant change?

FLASH! — Today’s world is changing so rapidly! Now, I know this doesn’t feel like news, or even a new phenomenon. Evolution is as fundamental as life itself. However, I cannot shake the feeling that we are on the cusp of some truly fundamental changes to our day-to-day lives … and how we as marketing experts engage with prospective audiences.

chimp...to humanoid...to human...to "PC Man"

The evoluion of "PC Man." Evolution may indeed never stop, but it is feeling different, and rapid!

 

Every day I skim through the glut of e-mails related to media and marketing that I subscribe to. The other day a common thread in the tenure and tone of the topics of one day’s clips really struck a chord.

First it was the one-two punch in a pair of articles related to health care. The initial one came from Mediapost describing the changing and evolving aspects of waiting rooms: Marketing: Health: Waiting Rooms Aren’t Just For Waiting. Given the reality of both the Canada and U.K. models, a likely result of U.S. health care reform (just two years away people) means more people accessing care with accompanying longer wait times. Feels like time for marketers to think less about at-a-glace window clings and take home take-ones, and start thinking about integrating into interactive engagement tools like Freesia.

The other health care wammy came from our favorite everyday low-price provider, Walmart. As detailed in Kaiser Health News, “Can Retailers Revamp Primary Care,” Walmart wants to be, of course, the nation’s largest provider of primary care. So now that your “waiting room” might also happen to be part of a box store retail chain … the marketing opportunities, cross-sell promotions and partnerships are endless. Where would your company/product/service fit in?

Then, for those not obsessed with health care marketing, there was also an article heralding the end of search as we know it. “Why Siri Is The Most Exciting, And Terrifying, Evolution Of Search” is not an article about Tom Cruise’s progeny. It is instead an enlightening article that highlights why the iPhone 4S — originally considered a lame attempt to extort more dollars out of diehards — comes with a search tool that may bring Google and the PPC industry to its knees.

Now just last year, there were articles touting Facebook as the Google/traditional search model killer. However according to today’s article, “Facebook is Dead for Gen Y: What’s Next,” the end may now be approaching for the folks at Facebook – at least as far as that key 18-35 demographic is concerned. While this idea began to gain traction last year, I think it is safe to say that this is a trend that is not reversing itself. It’s also the news item I personally found most troubling … perhaps because it is personal in that I am an avid Facebook user and now as early as next year I will be “aging out” of that youthful demographic!

So as a marketing-wise update to a quote from the sage old Greek philosopher: “In marketing, change is the only constant.” And as a personal underscore to Heraclitus of Ephesus: “Yep … but I don’t always have to like it!”

Kortney Cruz
With over a decade of experience, Kortney brings a strong direct marketing background to DMW Direct. Clients appreciate her ability to serve as a strategic partner that can also keep her pulse on the day-to-day needs and demands associated with launching a new campaign.

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Sep
23

Forget the “Golden Years!” Baby Boomers Are Platinum Now and Have the Insurance to Prove It!

The latest insurance trend for leading edge Baby Boomers is “longevity insurance.” Who would have thought the day would come when we would need to have insurance because we are living too long?

Pic: The Social Security Nest Egg

Driving consumer's perceived need for this product: Social Security is certainly not the secure nest egg it once was.

The concept involves giving an amount of money to an insurer when you are in your 60s and they in turn will provide you with monthly payments that start at usually around age 85 and continue for the rest of your life.

Before, you would purchase an annuity that would cover you for your life through your golden years. We have surpassed our golden years and gone on to platinum years. Hence the creation of a product that begins kicking in at the late age of 85.

The concept is very new (covered in a recent newspaper article) with a product just coming out in July 2011 from New York Life Insurance Co. and others such as MetLife, Symetra Financial and the Hartford soon to jump on board.

Pic: Dolores and Bob Hope

Maybe you DO need this insurance: Dolores Hope (Bob's widow) just passed at the "platinum" age of 102. Do you have the savings she did?

With the scare about where Social Security will be in the future, this product could get some traction with certain income levels.  Certainly lots and lots of upsides and downsides to consider.

Life insurance, long term care insurance and now longevity insurance. Baby Boomers are faced with many more decisions about their financial futures than their parents and grandparents.  Covering all the bases can be a challenging and expensive proposition for this population. It will be interesting to see if anyone finds a way to combine all these needs into a single Boomer solution in the future.

Linda Armstrong
With over 35 years of direct marketing insurance experience, Linda is DMW Direct’s Health Insurance Practice Leader, dedicated to the more than 20 health insurance plans for which DMW Direct designs, manages, and implements direct marketing programs.

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Sep
06

Television is Dead?!? Time to tune into the facts.

As Mark Twain is famously quoted, “Rumors of my death are greatly exaggerated.”

While Mr. Twain has now indeed taken up residence in the great beyond, TV is very much with us. Although for some time now, we have been preached to about how the traditional boob tube is dying.

While TV might indeed be the "old medium" for video content, the facts say it is alive, well, and still very much "The" preferred video channel – across all ages.

We hear soundbites about how the Internet and new digital media outlets are taking over. And see the hype about how “cord-cutters” are running rampant (more on them in a bit). However, looking over Nielsen’s 1Q 2011 Cross-Platform Report, and digging beyond the 140-character twitter-bites, we find that traditional TV is, in fact, doing better than ever.

From the Nielsen Report we find that in-home TV viewership has increased 22 minutes – a .2% gain, per month, per person over last year. Now, some may say this is a modest gain compared to the 20% increase (43 min.) gain that “Mobile Subscribers Watching Video on a Mobile Phone” turned in, or the 34.5% (1 hr., 10 min.) gain posted for the category of “Watching Video on the Internet.”

But, while new media boasts high percentage gains compared to TV, consider the actual real time numeric hours and minutes posted per medium, per user, per month:

·        Watching TV in home = 158 hrs., 47 min.

·        Watching Video on Internet = 4 hrs., 33 min.

·        Mobile Subscribers Watching Video on a Mobile Phone = 4hrs., 20 min.

Not to slight the growing media channels, but dare I calculate the percentage difference in total time spent per medium? I guess that’s why most ad dollars still target traditional TV.

Now with all due respect to those “New Age Screens,” age plays a very important factor in who is viewing what and how much. Nielsen further notes that traditional TV viewership steadily increases with age, and has mighty implications for those marketing to Boomers and all audiences 50+. We find the largest TV viewing segments are indeed older: The largest TV group in numbers is Adults 50-64 (25%), and those individuals watching the most are Adults 65+, logging 220 hrs., 49 min. Meanwhile, the largest segment of users viewing Internet video is Adults 35-49 (27%), and the still younger 25-34 year olds are the largest mobile video audience (30%).

I would also expect to see each segment take their adopted or preferred viewing method(s) with them as they age-in to the next lifestage. But new media adoption aside, I would also expect the preferred consumption method (in time spent) to continue to be that of traditional television – given that every single demographic segment continues to spend significantly more time per month with traditional TV than with any other platform.

watching video on handheldIt’s easy to see mobile video being used more – harder to see  it becoming the primary or preferred video medium.

Further, it is interesting to note what Nielsen uncovered when comparing streaming content to TV viewing. Grouping viewers into equal-sized quintiles, they found the lightest traditional TV users (averaging about one hour of viewing) streamed significantly more Internet video (via computer). What’s more, over a third of the entire TV/Internet population does not stream video at all, and mere trace of the total population — less than one percent — actually totally abstains from TV.

Concerning these “cord-cutters,” Nielsen found 91% of TV households still pay for a TV subscription in 1Q. Nielsen concluded that most people were simply shifting between cable, phone, or satellite as their preferred method, rather than disengaging altogether from traditional TV.

As I wrote this blog post, an interesting story broke from Ad Age MediaWorks, “How Fox’s New Video ‘Window’ Helps Close the Door on TV’s Free Lunch.” Basically, Fox will prohibit anyone who does not subscribe to a pay-TV outlet or other service from watching their programs for an eight-day period, including via Hulu. (Ironically, Fox is a part owner of Hulu.) For those of you in that 91% traditional TV majority, I guess you made the right decision.

So what does all of this mean? TV has come a long way since rabbit-ear antennas, and it isn’t about to go the way of the dodo and Victrola. It means that digging below the headlines and snappy factoids is well worth your time. Each medium is different, not “better” than another. Each garners a respectable, relevant audience that could have a solid place in your marketing plan. How you use them simply depends on your goals, objectives, target audience, and many, many other variables. But when you’re planning, at least ask yourself this: “Can I really afford to limit traditional television and the mass reach it offers?”

Len Zappolo
Len brings DMW Direct clients over 17 years of general and direct marketing media experience. He is responsible for comprehensive media research, planning, and analysis.

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