~ S P E C I A L ~ F E A T U R E ~
Five Marketing Opportunities
~ for ~
Connecting with Empty Nest Women
an excerpt from the new book
BOOM:
Marketing to the Ultimate Power Consumer --
the Baby Boomer Woman
by Mary Brown and Carol Orsborn, Ph.D.
INTRODUCTION
This article is about the needs of empty nesters. It's
based on proprietary research conducted by Imago Creative,
a firm that specializes in building brand relationships
with Baby Boomers. The article is written by brand
strategist Mary Brown and creative communications
specialist Carol Orsborn, Ph.D.
With women directing 80% of consumer spending -- and with
Baby Boomers combining peak earnings and inheritance with
an empty nest -- the 45-60 age group has never been richer.
How these women are likely to use that money will surprise
you. Often portrayed as chasing youth, Boomer women are now
looking for something deeper: respect, adventure, a second
calling.
BOOM is a masterful mix of analysis and anecdote, weaving original research with heartfelt contributions from over 30
brand managers representing healthcare, fashion, travel,
technology, media and finance, including Citigroup, AARP,
Time Magazine, Logitech, Liz Claiborne, Key Bank and
Marriott. These insights will help all marketers sharpen
their pitch to the purse keepers: Boomer women.
More information about BOOM and authors Mary Brown and Carol Orsborn, Ph.D., follows the article. Enjoy!
Five Marketing Opportunities
~ for ~
Connecting with Empty Nest Women
by Mary Brown and Carol Orsborn, Ph.D.
The Baby Boomer woman is constantly searching for ways to
make the most out of each newly experienced life stage. By
relating products and services as solutions to her life
stage needs, more so than relying upon age as the primary
criterion, the smart marketer leverages the Baby Boomer's
life-cycle transitions to forge a stronger brand connection
at a time when the consumer is more likely to be receptive
to new/additional products and services.
The opportunity for life stage marketing is enormous. Never
before in history has such a large demographic experienced
major life stage transitions en masse as the Baby Boomer
generation. Take the empty nest as an example. A critical
juncture in a mother's life-cycle, the empty nest
phenomenon represents an opportunity for marketers
sensitive to the evolving needs, challenges, and heightened
emotional landscape of her life.
As a generation, Boomers have embraced a more engaged
approach to parenting than was the norm of their parents.
These Boomer moms, who have spent the past two decades
involved in the predominantly nurturing role of raising
kids, are strongly affected when the responsibilities of
this role shift. Our research draws attention to what many
Boomer women experience: that the act of a child leaving
home can create a profound sense of loss, self-examination,
freedom, and change. (Note: We are not referring to this
life stage as the popularly-nicknamed empty nest
"syndrome," given that not all women experience this new
stage in life as a problem. While there is an admittedly
complex emotional component, the "empty nest" is also
experienced by many as an opportunity for new life
experiences.)
Toyota gets it right with their "Moving Forward" print
campaign. One ironically evocative ad shows a college
freshman standing with his personal possessions piled in
front of his new dorm building. In the background, his
parents drive off in their Toyota Highlander. Amidst the
rag-tag collection of suitcases, there are skateboards,
musical instruments, weights, and a hand-me-down microwave
oven and TV. The headline reads: "5:15 p.m. Dropping the
kid off at college. 5:17 What kid?"
Consider, too, that the emptying nest is not just a one-
time occurrence for her -- nor is it a one-time marketing
opportunity for your company. The emptying of the family's
nest is often a layered experience across the coming-of-age
of several children, and their progressive separations from
college to graduation and beyond. Each child's departure
from home is a defining event with a flavor and intensity
of its own. Compare the emotions and concerns the Baby
Boomer mom is likely to be negotiating when her first child
is leaving home, as opposed to the emotional and practical
ramifications related to the departure of her last child.
Why should your company care? By deeply understanding the
issues she faces, marketers can align their brand to
provide her answers at a time of need. Considering the size
and spending clout of the Boomer woman demographic (40
million women who direct roughly 80% of their family's
consumer purchases), sensitive marketers stand to benefit
from her gratitude.
In the next section, we've summarized our findings and
translated key insights from our empty nest research into
an example of marketing opportunities targeted to helping
her through this complex life stage transition.
Participants in the survey primarily represent the core
female Baby Boomer consumer.
~ Feathering the Empty Nest ~
The following analysis is based on the Empty Nest Survey
conducted by Imago Creative with BoomerWomenSpeak.com in
2005 and on the supporting Osborne/Smull Qualitative Study
co-sponsored by Imago Creative.
1. Newfound Freedom
When asked which were the most significant changes
anticipated or experienced once their nest emptied, the
overwhelming response (out of 12 possibilities) was "more
free time," followed by "loneliness/depression," "more time
with significant other," and "focus on self."
Marketing Opportunity: Emphasize relational aspects, such
as girlfriend getaways, renewed romance and self-nurturing
experiences. Due in part to tailoring trips and amenities
to these empty nester desires, the cruise industry has
performed beyond expectations consistently over the past
decade.
2. Mixed Bag of Emotions
While proud of their children's accomplishments and
enthusiastic about their children's futures, these moms are
also equally anxious about their offspring's increasing
independence. Simultaneously, they feel conflicted about
the changing nature of their relationships with their
children and how they will define their own transitioning
identity.
Marketing Opportunity: Help erase separation anxiety with
products and services that keep her in touch with her
child's life without seeming invasive. Who says the
audience for interactive cell phones, instant messaging,
and webcams is aged 18 to 34? Boomer moms are wired and
eagerly embracing technology that enhances their circle of
relationships.
(Take note: those cool, tiny buttons and electronic micro-
text are not popular with bifocaled Boomers. And although
they are tech-wise, it is critical that you humanize the
experience of using your product to be simple and
intuitive. They have no patience for complex user
interfaces or confusing directions.)
3. Searching for Support
When asked what resources they wished they had to navigate
the empty nest stage of life, more than half of the
respondents said greater peer support, coach/advisor
resources, retreat/workshop opportunities, and friendship
networks.
Marketing Opportunity: Create a supportive community by
sponsoring a seminar series or retreat that helps her
tackle transition. GlaxoSmithKline teams with consumer
products companies, such as Stonyfield Farm, to provide the
"Strong Women Summits," helping women step back and reflect
on ways to realize their full potential. (You will find
more on the Strong Women Summits in chapter six of BOOM.)
4. Simplifying and Downsizing
Almost 30 percent of the soon-to-be empty nesters surveyed
anticipate simplifying or downsizing their lifestyle once
the kids leave.
Marketing Opportunity: This desire for downsizing has huge
implications for the housing and home furnishings
industries, as empty nesters adjust their living situation
to suit their new lifestyle. They're looking for living
options to accommodate this active, second-lease-on-life
phase. Some are staying put, converting an empty bedroom
into a home office for launching a new business, adding a
room for developing new hobbies, or redecorating existing
spaces for visiting adult children and grandchildren.
Others are downsizing, moving from suburban homes back to
small urban apartments within walking distance of cultural
amenities, such as theatre and restaurants.
Another example of leveraging the downsizing trend is
Pillsbury's "Cooking for Two" campaign. Aimed at helping
Boomers adjust to cooking, buying, and organizing meals for
a smaller household, this online resource is a
groundbreaking effort to connect directly to this
demographic. "We want to ease what can be a challenging
transition, providing resources, products and meal planning
advice for this new stage of life," says Mark Toth,
Pillsbury marketing manager at General Mills.
5. Pursuing New Experiences
Sixty-six percent of respondents indicated that now that
the nest is empty, they want to pursue new experiences. On
the top of her list is travel, with other interests
including motorcycling, scuba diving, skydiving, mountain
climbing, white water rafting, painting, writing, volunteer
work, and starting a second career.
Marketing Opportunity: Boomer women are more likely than
younger demographics to have the means to satisfy their
cravings. Entrepreneur and Baby Boomer Bev Sanders has
built several businesses on the winning combination of
offering women the chance to master new skills and feed
their desire for adventure, while providing the opportunity
to engage in both self-discovery and community. After
taking up surfing at the age of 44, she launched Las Olas
Surf Safaris for Women, followed by Artista Creative
Safaris for Women. Who would guess that the majority of her
surfer/students are Baby Boomer women?
Another company that has done their homework with this
demographic is Principal Financial Group. In an
advertisement offering solutions to help female consumers
secure their dreams (pension plans, insurance and rollover
IRAs, among others), the featured model is a woman aged
50+, trimly garbed head to toe in a high-tech wet suit,
carrying a surfboard overhead.
New experiences, however, can be a double-edged sword. The
Baby Boomer woman in her early fifties is likely to
experience more life-changing events than at any other time
period of her life. While women in this age group are more
likely to try new products, services, and experiences, it
is also in this same age range that women tend to be the
most worried and stressed.
About the Authors
MARY BROWN is President and Founder of Imago Creative, the
only marketing firm in the United States specializing
exclusively in helping companies reach women of the Baby
Boom generation. Over her 20-year career as a brand
champion, she has distinguished herself as a leading voice
on this powerful demographic. During her extensive agency
experience, she produced award-winning work for Esprit,
Reebok, Timex, and Van Heusen, among other noted names.
Spanning a wide range of industries, from fashion to food
to finances, her client list includes Celebrity Cruise,
Clearblue Easy, Diversified Business Communications, Forum
Financial Group, and University of Maine.
As a recognized expert on the attitudes and buying patterns
of Boomer women, Mary is frequently quoted in trade
publications, interviewed on National Public Radio, and
invited to speak and host panels at industry conferences.
Passionate about her work, Brown believes that creative
brand development is all about human connections. She
studied humanities at Reed College in Portland, Oregon, and
received a BFA in photography at the San Francisco Art
Institute.
CAROL ORSBORN, Ph.D., is Senior Partner and Vice President
of Public Relations of Imago Creative. As a strategic and
creative communications veteran, she has helped companies
build strong relationships with Boomer women for more than
25 years. A recipient of The Silver Anvil, the public
relations industry's highest award, she has designed and
implemented campaigns for The Gap, Kimpton Hotels, Warner
Bros. Records, and Bank of America, among many clients. She
has also worked with Apple University, The Walt Disney
Company, Wellpoint, and other enterprises on internal
communication issues.
Known internationally for her pioneering work addressing
the issues of her generation, Carol first came to public
attention in the mid-eighties when she founded Superwoman's
Anonymous, an organization devoted to helping women live
simpler, less stressful, more balanced lives. Her then-
revolutionary notions led to multiple appearances on The
Today Show and The Oprah Winfrey Show. She is the author of 15 books, including The Art of Resilience. Her idea of a midlife
sabbatical was to earn a doctorate in ritual studies from
Vanderbilt University and become a research associate with
UCLA's Center for the Study of Religion. With the recent
college graduation of the younger of her two children, she
started running TheSilverPearl.com, a spiritual resource center for "women who are, at last, becoming wise."
About the Book
BOOM:
Marketing to the Ultimate Power Consumer --
the Baby Boomer Woman
by Mary Brown and Carol Orsborn, Ph.D.
Published by Amacom Books
ISBN 0-8144-7390-3, 238 pages, hardcover, $24.00
Available through this site or directly from the publisher:
http://www.amanet.org/books/catalog/0814473903.htm
"This book's challenge to the marketing community is to
wake up and rethink who it is that has control over the
economic purse strings."
-- From the Foreword by Paco Underhill
With Baby Boomer women spending well over a trillion
dollars a year on goods and services, the days of women 40+
being ignored by marketers are numbered. Overthrowing
stereotypes of aging, the groundswell of awareness is no
less than a marketing revolution.
BOOM is a comprehensive guide to identifying, reaching and influencing Baby Boomer women. The book features insights
and case histories from 40 top marketers, including
executives from Intel, Seabourn Cruises, Citigroup,
Wellpoint, Mary Kay, and more. The authors, experts in
marketing to this demographic, present insider intelligence
that includes:
- proprietary research that will give a competitive edge to
companies seeking new, expanded consumer markets
- the Imago Diagnostic ("ID") -- a motivational assessment
tool to help identify what makes Baby Boomer women tick
- easy-to-use charts correlating ages to life stages and
generational influences
- the "Seven Things You May Not Know About Boomer Women --
But Should"
BOOM's practical resources combine to reveal an essential truth about Baby Boomer women: they are more than a niche
market. In many cases, they are the marketplace itself.
Copyright ©2006 by Mary Brown and Carol Orsborn, Ph.D. All
Rights Reserved. Please feel free to duplicate or
distribute this file as long as the contents are not
changed and this copyright notice is intact. Thank you. |