........Okay, the myth is that 55+ is not easily influenced by advertising, not that they don't buy things. My mom buys a lot of stuff, but she is pretty set in her ways.......
The myth is brand loyalty. The BCG studies show that, today, this is blown out of all proportion to the point of unrecognizability. Your mom may be set in her ways (as applies to everyone in some respects) but my family always drove Buicks from the time WW2 ended until the late 1980s. When my mother died at the age of 90, her bought-new Lexis was in her garage. You pitch the 50+ crowd on quality and convenience, the younger demos on price and 'coolness.' Ad agencies almost always look for the path of least resistance, which is usually price.
............... The question is, has the, or will the, 55+ generation change their buying patterns and be more influenced by advertising. Agencies and locals aren't going to place ads to a large, but ineffective, audience.............
Every survey ever taken shows that absolutely NOBODY will admit to being influenced by advertising, evidently trying to impress the survey taker with how they're too effing smart to be hoodwinked by those hucksters on Madison Avenue. Of course, this is BS. The problem isn't that the older demos can't be successfully pitched, it's that precious few companies have figured out how.
The absolute classic example of this can be seen in a couple of television advertising campaigns. The dumbest advertising campaign in history, bar none, one that makes New Coke look like pet rocks, belongs to Oldsmobile. Olds' core buyer was 50+, and they were seeing market share in those demos being eroded by their 'brand loyalists' switching to the high-end Japanese and German rides. Rather than slug it out with the foreign badges, they decided to shoot for the younger crowd, and came up with "It's Not Your Father's Oldsmobile", thereby in one stroke, alienating their core buyer by denigrating him while trying to sell expensive Detroit iron to kids and young families up to their eyeballs in mortgage payments and college tuition savings plans and who couldn't be pried out of their Corollas and Hondas with a crowbar. I believe Oldsmobiles are now found in museums.
The brilliant campaign, in my mind, is for the new Cadillac ATS, which is as close to a production line performance vehicle as you'll find from an American manufacturer. Cadillac had the second oldest customer base in the industry, with only, IIRC, Lincoln being older. Their new television ads feature a couple of 30-something car nuts holding on to their seats and yelling awestruck as the car rockets across the Morrocan desert or Pantagonian plain. This marketing does what smart marketing is supposed to...selling an appealing lifestyle, which can be yours for 50 grand. Cadillac is giving the 30-50ish crowd that has a few bucks an alternative to that Lexis, Mercedes, or Beemer, but remembering their core consumer by letting them know that you can continue to stick with Caddie and still be one of the Kool Kids.
......... We do see that 55+ supports public radio due to the disposable income they generally have, and the direct connection to the product. There is some underwriting, but most of it on large public radio stations and NPR is image based, not results based. It's also preaching to the choir for many of the products/services........
Those 55+ NPR/PBS contributors are listening and watching in nice homes, with upscale furniture, top-of-the-line appliances, stereos, and televisions, with expensive automobiles parked out front. Somebody sold them that stuff, and they didn't have it when they were 35. Radio advertising is most effective when it is local. It is up to the marketeers at the manufactures, distributors, and importers to craft the image and create the demand. A lot of folks sell that stuff. They idea of local ads is to convince the consumer that they should buy it at their location.
.........Amazon isn't really a good barometer of how the 55+ react to advertising. QVC did the same thing 20 years ago......
I wasn't referring to advertising when I cited Amazon. I was using it as an example of somebody who understands there is a valuable, underserved market.
QVC and the home shopping channels had customers with income demos almost as bad as their taste. They sold overpriced merchandise that was often crap that had died in normal retail channels. Their genius was that they sold it on 'price' while actually charging higher prices than could be found elsewhere. They also created entire new industries. I knew one guy who, during the home shopping heyday, was impressed by the long lines at the Post Office made up of a seemingly endless line of folks in overalls and 'designer sweats' returning stuff to HSN and QVC. He got a Mail Boxes USA franchise, advertised on the local cable channel, and paid his rent for a couple of years on home shopping returns.
Amazon knows where the money is, sees a market, and rushes to fill it. It also sells current, available in the usual retail channels, merchandise of decent enough quality to include legit customer reviews you can read before you push the button. IIRC, the usual endorsement on QVC was some gushing woman, who had just paid $1200 bucks (just 4 easy payments) for a previous generation computer available on Buy.com for $375, telling the hostess how great her manicure looked. Chances our she wasn't driving to her PO box in an Infiniti. And did you ever notice that it was the same group of people who bought stuff over and over. They lived off repeaters. Hell, watch one of the 'hoarding' cable shows and see how much of that clutter was courtesy of QVC.
My point isn't that everyone over 50 or 55 is sitting at home eating caviar while reading Cat Fancier magazine. It is that it is the one demo that is in for long haul growth, has money, is no more brand loyal than anyone else, and is susceptible to good advertising. The idea is to create good advertising, and have people that know how to sell it.
Regards,
TSB