Don’t Ignore the 78 Million Baby Boomers

Wednesday, July 21st, 2010

Nielsen released some great stats on the Baby Boomer generation.  78 million is no small number and the spending power of this group is huge. If you haven’t created a vertical marketing strategy for this demo we highly suggest you do. Here is a great excerpt from the report that you can find here:

Born between the years 1946-1964, the oldest of the Boomers are beginning to retire. But today’s middle aged and older consumers are different than their predecessors. The conventional wisdom that they spend little, resist technology and are slow to adopt new products needs to be re-assessed. Boomers are an affluent group who adopt technology with enthusiasm (think about the number of parents or grandparents who regularly send e-mails or upload photos to Facebook and other sites). They have also shown a willingness to try new brands and products.

But the facts Nielsen releases are even more surprising…

  • Dominate 1,023 out of 1,083 consumer packaged goods categories
  • Watch the most video: 9:34 hours per day
  • Comprise 1/3 of all TV viewers, online users, social media users and Twitter users
  • Time shift TV more than 18-24s (2:32 vs. 1:32)
  • Are significantly more likely to own a DVD player
  • More likely to have broadband Internet access at home

With insights like this it is hard to ignore this market. The next step is to understand how your product or service can resonate with this demographic. With some effort Boomers can offer an opportunity for people who know how to connect with them.

Social Media to Peak and Promoted Tweets

Monday, June 21st, 2010

Social media is going to rule the Web until at least 2012 – according to a post by Justin Kistner, a Social Evangelist at web analytics company Webtrends. Kistner also claims that Facebook has become the king of social media. In a panel at a Portland event today called Lunch 2.0, Kistner said that the current era of the Web “is Facebook’s game to lose.” More here from Justin also a roundup at ReadWriteWeb.

On the heels of its Promoted Tweets ad product, Tweeter has introduced another type of advertising: Promoted Trending Topics, where brands pay to appear below the “trending topics” on the site. The first company to try out the concept is Disney/Pixar with the trend, not surprisingly, of Toy Story 3. It is, writes Mashable’s Pete Cashmore in a guest post at CNN, an ingenious idea: “the perfect way to generate revenue from the popular social network without infuriating users…Brands long to be a part of the conversation, and Promoted Trends create buzz around a product or service without vexing the user.” More Here >>