Today’s Baby Boomers are a marketer’s dream come true. But if you want a share of the $3 trillion that this market has as disposable income, slick ads and catchy jingles will only take you so far. To really appeal to this market of over 78 million people, you need to go beyond traditional marketing and consider the Boomers’ real needs. When you make taking care of Boomers’ needs your top marketing objective, you will not only sell more products and services, but you’ll also build a loyal customer base that will help your dealership grow.
So what are the Boomers’ real needs? Since many Boomers are in a time of transition (doting parent to empty nester, member of the workforce to retiree, etc.) their lives often involve transitioning to a new life stage or cycle. For this group, upcoming retirement is now an issue. Health changes are occurring. They’re taking care of aging parents. They require money to fund a new lifestyle or pay for a child’s college education. Being a grandparent also suddenly becomes a focus. No matter what the situation, many are shifting from an “achievement” mindset to “quality of life” values and concerns. Some outdoor power equipment dealers are starting to realize how lucrative the Boomer market can be and are creating marketing campaigns that target two of the many needs that Boomers have: that of transitioning into the “new” retirement, and of connecting and identifying with similar people.
No matter what industry you’re in, whether it’s outdoor power equipment retail, construction, health care, insurance, banking, media, or any other business or occupation, the best way to market to Boomers is to focus on serving their needs. To help you do so, following are the five C’s of Boomers’ real needs.
Belonging to a definable group is very important to Boomers, because they’re often losing an identity in other areas of their life. For example, now that the kids are grown and out of the house, they’re no longer the “soccer mom.”
With retirement looming, they’re no longer the “over-achieving executive.” That’s why they want a place where they can connect with others who share their values and beliefs. And while the value of community is important in everyone’s life, if you’re marketing to Boomers, you need to use words and concepts that create a sense of belonging to a group of like-minded people. Consider such things as preferred shopper or savings clubs. The more you appeal to the idea of joining a group of active people, who share similar interests or business goals, the more Boomers will take notice of what you have to offer.
As a marketer, you need to know your audience and speak their words. The same concept applies when marketing to Boomers. Use words and phrases that resonate with them and their needs. Some words/phrases to consider include:
• Balanced life
• Not too late
• Start now
• Time for self
• Well being
For example, if you carry a brand that has been around a long time, but has recently come out with a new product, try to market it in a way that appeals to wisdom of the old and the excitement of the new.
Boomers need to feel a sense of contribution to a greater cause—a feeling that their life matters to someone or to a group. When we’re in our 20s and 30s, jobs and parenting roles often fill that contribution need. But remember, Boomers are in transition and may be losing some of those roles. So show Boomers how your product or service can help them make a difference. For example, promote equipment that is environmentally friendly, either by the use of new technology, or alternative fuels. In addition to environmentally friendly equipment, remind commercial and consumer customers that with the use of your products, they are creating a visually appealing landscape. Think of the big picture and how your business, products or services enable customers to feel like they’re making a difference.