Whoa! As a 55+ guy with more money than my kid could expect to see right now, I disagree. The 20 something buyers are talking to the 20 something account execs and that's where part of the problem is. Perfect example of the problem assuming that younger folks can buy,buy,buy..remember the Mitsubishi car ads with the multi ethnic guys and gals in the car, techno music,and lots of special effects? sold a lot of cars to people who DIDN'T HAVE THE INCOME to pay for them, and repos and bad debt writeoff has about killed the company's US operations.My spouse and I spend on vacations, personal items-clothing,shoes,the like, and we don't drop dead shopping, but do spend becase on some ads.Now, an 80 year old waiting for Music of your Life to return, that may be another story, but I would venture to say the 55-70 demo is underserved, but someone paying attention will latch on eventually.
> > A few course corrections for you here. . .the demo for
> > oldies does NOT have one foot in the grave. Sorry, with
> the
> > average life expectancy up to 75 years old, it will take
> > some time to see those listeners coming out of anywhere
> feet
> > first. And by the way, you'll be interested to know that
> 10%
> > of all listeners to Adult/Standards are 18 to 34. .
> .amazing
> > but true.
>
>
> Hold on there, remember, I run a website that's just devoted
> to OLDIES... Old radio, old music. I'm on YOUR side here so
> damn dude, don't shoot the messenger.
>
> According to the advertising industry, people over 55 don't
> count. Really. They do to you and me, but we're not
> advertisers. Blame the bean counters. These
> number-crunchers say that people over 55 look at today's
> economy, social security and lost IRA's & pension funds and
> say to themselves, "I'm holding on to my money". Yea, they
> do. And frankly, I don't blame them. Unfortunately, since
> the people who sell products that older folks just won't buy
> because they're frivolous expenses know that's the case,
> they don't bother trying to sell you anymore. They are
> selling to a younger audience.
>
> Adult Standards... Some things don't necessarilly mean the
> same thing anymore. Five years ago Adult Standards meant
> NON-ROCK ERA music. Today, you'll hear The Carpenters,
> Christopher Cross, Billy Joel, Elton John, The Beatles...
> mixed in with Perry Como and Frank Sinatra and very VERY
> occasionally, a big band song, but today that's very rare.
> And, it's not surprising that 10 percent of 18-34 like music
> to relax to. But, 10 percent of what percentage of people
> in a given market? Lets see, there are one million people
> in Memphis. If my standards station (on AM, mind you) pulls
> a 1.2 share in it's demo, that means that it's POSSIBLE,
> that a commercial played on that station might be heard by
> something like 1200 people - except there's that pesky AQH
> thing that says only a fraction of your total listening
> audience is actually tuned in at any given time, so lets
> knock that number down... to, say, 500 people. That's being
> generous. it's probably more like 250 or less. So, you're
> an advertiser, and you're going to lay out $500 dollars a
> spot to be heard by 250 people? Um, each one of those
> people now has to purchase $750.00 worth of merchandise in
> order for this company to actually get a return on its
> investment.
>
> Gosh, this is so simple...
>
>
> >
> > Second course correction. . .young people DO NOT have
> > disposable income. Check out any independent research and
> > you will find out that people over 50 years of age have
> the
> > greatest amount of disposable income in this country. And,
>
> > they are willing to spend it to satisfy their desires.
> > Adults, 18 to 49, tend to spend money on their needs.
> There
> > is a significant difference.
>
> Yes they do. You're right. but you're wrong about one
> thing... young people don't have disposable income, but they
> do have PLASTIC. And the credit card companies are more
> than willing to extend enormous amounts of credit to young
> people. Older people over 50, sure, they got the cash...
> but they are NOT parting with it. They are staying home in
> record numbers. Wanna be relavant? Get out of the house
> and go to the mall.
>
> >
> > And when sales people complain that they buyers won't buy
> > the 35+ demographic, listen carefully. 'The buyers won't
> > buy' translates directly into 'I didn't sell'. There is a
> > difference here, too. Most radio stations do 70% of their
> > business in local, direct advertising. That means the
> sales
> > person meets with the store owner, car dealer, real estate
>
> > broker, etc., directly without a middle man. What self
> > respecting business person wouldn't want to tap the market
>
> > with the greatest disposable income and willingness to
> spend
> > it ? One who hasn't been sold.
>
> Well, you can't blame this on all the radio sales people not
> doing their jobs. It's not THAT prevalent. Here's the
> problem in a nutshell: Ever hear of media buyers? THey are
> usually young and somewhat inexperienced, unlike us. They
> don't think independently, they don't have time to. No, they
> have all the numbers and data they want available to them
> and like robots they don't think before they buy. Thats the
> real skinny.
>