Showing posts with label demographics. Show all posts
Showing posts with label demographics. Show all posts

Friday, March 9

Targeting Boomers: CNCS

The Corporation for National and Community Service (CNCS) recently released a revealing study that tracked volunteering among a large sample of Baby Boomers from year to year. We published the entire release at Nevada Business Community Blog, but highlight several communication points here.

• Boomers in their late 40s to mid-50s are volunteering at higher rates than previous generations. (Boomers volunteered at lower rates than predecessors while in their 30s.) According to the study, the more Boomers are engaged, the more likely they will be retained from year to year.
• Boomers who engage in professional activities — such as managing people or projects — will continue to volunteer the following year (75 percent).
• Boomers also exhibited higher retention rates when they were engaged in music or some other type of performance (70.9 percent) and tutoring, mentoring and coaching (70.3 percent).
• Boomers who volunteer for general labor or supply transportation regularly drop out at a higher rate (55.6 percent).

"The Boomer wave signals one of the largest opportunities the nonprofit sector has ever had to expand its pool of resources," said David Eisner, CEO of the CNCS. "Only the nonprofits that retool their ability to engage citizens will reap that reward."

For a broad view of American Demographics, vist Wikipedia or visit the U.S. Census Bureau for its latest release.

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Tuesday, March 6

Crunching Numbers: Rare Method Interactive

Rare Method Interactive, an interactive marketing firm recognized as Alberta's second fastest-growing company by Alberta Venture magazine in 2007, knows something about the media. The media loves studies, especially those that seem compelling, if not a bit askew.

On March 1, Rare Method launched Kudos, which is billed as "a fast, fun, and easy way to harness employee recognition, improve communication, enhance productivity, and foster a positive corporate culture." Sounds amazing, and so does the study that graced the lead paragraph in the release...

"Studies show that 79% of employees leave their jobs in part due to a lack of recognition. Overall, 65% of employees felt that they were not recognized at all in the past year. Further studies say that 75% of employees are not fully engaged in their jobs. Steady economic growth and an aging work force are likely to result in further labor shortages and make the task of retaining skilled workers more difficult."

That's pretty big news, I thought, relevant in communication as well as recruiting. But just to be safe, I e-mailed the release's contact, a "PR Wizard" at Synergy Marketing & PR, inquiring what study the release references and where I might see the methodology. I received a prompt reply: "I am going to get the president to respond to your inquiry as they are his references."

Given that was Friday and today is Tuesday, and a growing number of media outlets including CNW Telbec, WDBJ7/CBS, Mediacaster, HULIQ, The Seattle Times, and others, along with several bloggers, already ran the Rare Method release in its entirety, I'm thinking that the the study may be as credible as the product tagline is original "Thank Different." Um, yeah. Right.

Still, I really don't know whether or not the numbers were pulled out of the sky so I'm going to give them the benefit of the doubt, for now. I'm more miffed that the media continues to run studies without asking the simplest questions, including sampling size and methodology. Next thing you know, someone will start writing something like "According to a CBS television network affiliate, studies show that 79% of employees leave their jobs in part due to a lack of recognition."

Except, we don't really know that this is true. It's a hard lesson to learn when you're looking for numbers. I became sensitive to studies and methodology years ago, primarily because of debunking several studies that our local media had run to further "best intention" agendas. Amazingly low sample sizes, erroneous questions, and logic leaps bigger than the Grand Canyon are tossed into the mix every day and the media screams for more.

Sometimes, as illustrated by Rare Method Interactive, you don't even have to cite the study to get some play out of the information. Just make it up, that's enough. Toss in an oh-so-original tagline "Got Studies?" and you're in business.

Of course I don't think it is enough. In fact, if you spend enough time looking up the studies that we do highlight, you'll see the common denominator is that they often make sense (or we question them if they do not). Er, on second thought, someone just read my blog and e-mailed me for advice ... and based on this comprehensive analysis of data (of one), I'm sending out a release tomorrow to say that we're the most influential in our field. Ha!

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Wednesday, February 14

Dissecting Demographics: Verizon


Marketing demographics are wonderful things for advertisers, allowing writers and designers to tailor the messages to very specific audiences based on any number of factors: age, income, automotive preference, etc. Although we benefit from such information, every now and then I wonder if we're dissecting our audiences too thin.

For instance, Verizon released information today to inform the media about its new campaign: "To inform African-Americans about Verizon's latest bundled services, Verizon Double Freedom and Verizon Triple Freedom, the company has launched a new television and print ad campaign that focuses on personalization."

The decision to create this campaign is based on extensive market research that "African-American consumers have a long history of customizing and personalizing their environments, from music and other artistic expressions to fashion to personal living spaces and more" (whatever more means).

Personally, I had no idea that African-Americans differed so greatly from other Americans on this point. But it is starting to make sense to me, given that all other Americans are virtually identical in terms of "environments, from music and other artistic expressions to fashion to personal living spaces and more" (whatever 'more' means).

As a result, Verizon's new campaign, with the theme "Personalize Life," portrays ways in which African-Americans can customize products and services from Verizon to fit their lifestyle and their needs.

"Verizon has had a long history of providing relevant messages specifically to our African-American customers," said Jeff McFarland, director of multicultural marketing for Verizon. "This new campaign lets our customers know that they can choose the services they need to help them enrich their lives and be on the best network, known for its 99.99 percent reliability."

Oh, I thought we were talking about African-Americans and their apparent dominance over "personalizing environments, from music and other artistic expressions to fashion to personal living spaces and more" (whatever 'more' means). Today's image, by the way, is of Verizon employees closely monitoring the reliability factor of at least 99.999. I cannot be certain, but there is something missing in the context of this topic. Look closely. Any guesses?

I'm not even going to discuss the commercial, which basically shows bundled packages that would probably appeal to most consumers, regardless of ethnicity. To me, the only thing African-American in the spot, as it is described, are African-Americans.

Is it any wonder, given this new campaign, that SnapDragon Consultants, a "brand insights firm," today released (just minutes before Verizon's release) that "Asian-American youth feel excluded and misunderstood by most brands. It's made worse by the fact that they see advertisers actively wooing the African-American and Hispanic markets."

This insight is one of ten things that SnapDragon Consultants says every brand should know about Asian-American youth.

Some other insights include: Asian-American youth are secret fans of "easy listening" adult contemporary music (lite FM is a hidden passion); there's a "hero gap" among Asian-American kids, which is being filled for many by activists from other cultures like Martin Luther King, Jr.; and they are not fond of 15 minutes of seemingly benign American Idol fame for William Hung, who perpetuated the worst stereotypes about Asian people and gave non-Asians permission to indulge in two years of racial stereotyping and mocking.

All this was released in honor of the upcoming Chinese New Year and an "ongoing initiative to deliver qualitative research and high-level insights on Asian-American youth to marketers interested in reaching this influential and growing demographic."

Look, I'm not saying Verizon is wrong for an attempt at marketing to a specific audience (though the news release seemed silly to me) nor that SnapDragon Consultants is wrong for bringing attention to the plight of Asian-American youth (it bordered on questionable to me). What I think is wrong is that marketers sometimes cut too deeply into their research and deduce erroneous conclusions because they either wrap an advertising campaign that appeals to everyone in ethnicity or collect too much qualitative data that seems to lack substance.

Sure, sometimes ethnically targeted marketing is smart, but in terms of research, I've always found "lifestyle choices" are much more revealing than racial profiling. And no, I don't mean lifestyle choices such as personalizing their environments, from music and other artistic expressions to fashion to personal living spaces and more" (whatever 'more' means).

I mean things like what magazines do they read, what artists do they listen to, and where do they go on vacation. That is much more revealing than people who are "secret fans" of a specific music (which I guess means they lie about what they listen to) or people who prefer to "personalize environments," which, the last time I checked, pretty much included everyone who could afford to.


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Thursday, August 18

Working With A Living Language

Working with a living language is both a blessing and a curse. It gives writers like me the opportunity to invent new definitions for clarity, but it can also cause headaches when other writers use the weight of words to mask their intent.

For example, when I was still evolving my company from the freelance writer I was into the corporation it is today, most Internet search engines narrowly categorized writers into very specific disciplines. You were either a copywriter (meaning advertising) or a freelance writer (meaning journalist), a technical writer or a business writer, a direct response writer or a script writer, or ... blah, blah, blah.

Since I didn't want to limit our capabilities to any of these categories, I was one of the first, if not the first, to lobby for a new term: writing services. It made sense, because our company works within all the other sub-categories. Today, most Internet search engines include a 'writing services' category. It works well for our company and the few others like us because the definition better clarifies what we offer. It's not the only example I could cite, but I like to think that it's a good one.

Then, of course, there are shifts in our language that I do not appreciate because the goal is not to add clarity but rather to mask a meaning. One of my least favorite in Nevada (and I hope it dies a horrible death) is the concept of 'government revenue.' There is no such thing. Governments do not have revenues, they have budgets that are created by taking a percentage of other people's revenue. Yours and mine, to be precise.

Sure, you can find it in some dictionaries. Revenue: the income of a government from all sources appropriated for the payment of public expenses. No problem ... until you abuse the usage. It's easy to do. Ask the handful of government officials who began pushing a perceived need to 'increase government revenue' in Nevada a few years ago. That sounds almost admirable until you appreciate they wanted to 'increase taxes.' (As footnote, they were never going to appropriate money for the payment of public expenses. Rather, they appropriated money in order to create additional public expenses.)

Personally, I've always subscribed to an underutilized code of ethics in communication developed by the International Association of Business Communicators. While there are several points worth considering at IABC Code of Ethics, the one that best fits this post is: engage in truthful, accurate and fair communication that facilitates respect and mutual understanding.

The real buzz term in this case is 'mutual understanding.' Communication should be designed to clarify rather than confuse your audience. It's a concept that many people forget, including those people who call you on the telephone and claim it's a courtesy call. Baloney. It's a direct marketing call, pure and simple.

Oh well. The most we can hope for is that the definitions with merits outweigh the abuses at the end of the day. And today, there was one that came out of a new survey by Zogby International for the MetLife Mature Market Institute. The definition of old, it seems, is changing again.

Based on a pool of 1,000 people by telephone about what they considered to be "old," a third of the participants claimed
that 71 to 80 is considered old. Younger survey participants, those under 30, considered 61 to 70 to be over the hill. Among the respondents 65 or older, nearly 60 percent said that 71 to 90 was considered old. And even younger people, those between 18 and 24, have adjusted their idea of old. A majority--59 percent--refer to "old" as someone over 60.

Zogby International claims this shows that since the population is aging, the idea that old begins at 30 as it did in the 1960s is long gone. (Given that I'm over 30, er barely if you allow me a little fudged indulgence, I'd like to think that this new definition of old is a merit.) Grin. More to the point though, as people live longer and there are an increased number of people working or donating time to their community later in life, the definition and the attitudes about the definition will change.

And that is the best thing about working with a living language. You have to stay up to date with the language and, with luck, use it responsibly so that you create more mutual understandings than maximum confusions.

Thursday, June 23

Finding The Right Niche

For some time, I've educated several business owners in Las Vegas that narrowing their target audience can increase sales faster than targeting the general public. A few have scratch their heads, offering up that they felt they had a product or service for everybody and how difficult it is turn business away in a booming economy like Nevada. The reality: no one has a product or service that truly appeals to everyone. There are dominant brands, certainly, but relatively few monopolies.

A good example of success by narrowing a niche can easily be found in the food and beverage industry. Several companies discovered that marketing food and beverages specifically to women was lucrative, creating a market that grew at a compound annual rate of 80 percent between 2000 and 2004. According to The U.S. Market for Women's Food and Beverages, a new report from market research publisher Packaged Facts, this industry has grown to $4.6 billion.

Women's food was a nascent field in 2000, registering sales of $430 million. In this decade, the food and beverage industry realized that the nutritional needs of women demand special attention and despite some ill-fated, non-strategic, early efforts to market "women's" food, the category has since exploded. In fact, Packaged Facts forecasts that retail sales of women's foods and beverages will reach $58.7 billion by 2009.

The women's food and beverage industry ranges from many small companies to large international corporations, but for the most part, successful women's food and beverage companies are the mid-sized U.S. businesses. They've done incredibly well focusing on their target consumer and then distributing products through health food and natural foods stores. In time, this strategy could provide these companies an opportunity to develop new products or re-market existing products to the general public later (capitalizing on brand recognition established with women at speciality stores). In the interim, they are content with tremendous niche growth and, in some cases, a healthier profit margin.

If you would like to know more about this market, U.S. Market for Women's Food and Beverages has a comprehensive analysis of the U.S. retail marketplace for women's foods and beverages; demographic profiles based on Simmons data; and a thorough analysis of trends such as health concerns on women's purchasing habits. The report also describes the creative landscape, profiles key players, and reviews advertising and promotional efforts. The report can be purchased directly from Packaged Facts www.packagedfacts.com or MarketResearch.com.

If you would like to know more about narrowing your niche market, regardless of product or service, drop us an e-mail. We'll be happy to provide a few recommendations or suggestions to refine your marketing efforts. I'm sure I'll touch on this topic in the future too; for now and the next few weeks, however, I'm temporarily limiting new posts to Thursdays (last Sunday was Father's Day and I have business pending in Long Beach this Sunday) until my schedule opens up a bit more.

Thursday, May 19

Recognizing Market Change

Research and Markets, which is a leading source for international market research and market data, may finally dispel some outdated ideas about seniors and the Internet with its new report, Seniors Online: How Aging Boomers Will Shake Up the Market. In the report, they reiterate that there is a contrast in computer and online usage among those 50-64 and those 65+ as is evident in a study by Kaiser Family Foundation (2004) and another by Pew Internet & American Life Project (2004).

Unlike today's seniors, boomers (post-World War II children born between 1946 and 1964) are dedicated Internet users and broadband fans. As they approach the next phase of their lives, the report says that they will challenge companies to keep up with their ever-demanding ways, both online and off. There is little doubt. For one thing, Boomers have $1 trillion in spending power. For another, the Boomer demographic is a perfect target for online marketing.

According to the report, they are frequent, engaged online users approaching a stage in life with major issues: the decision to stop working, investment planning, health care, downsizing a home. Other key questions answered in the report: How fast is the boomer online population growing, how will usage patterns differ between today's and tomorrow's seniors, what sites are boomers more likely to visit, and what changes in Web design will be necessary as Internet users age?

It will be an interesting challenge for communicators to appeal to both boomers and the other fastest-growing segment of the population. Ages 13-24 made up 37% of the U.S. population in 2000 with ages 13-18 making up 22% of the population. But regardless of how this challenge is addressed, one thing is certain: some long-held beliefs that seniors don't 'log on' are about to be dismantled. IMO, it's about time.
 

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