If You Are Not Focusing On Women Over 50 – You Are Leaving Big $$$ On The Table
IF the money is controlled by woman
AND women over 50 have the most disposable income
WHY aren’t advertisers and marketers focusing on this huge and important market?
As a female marketer I have long wondered why so many brands and services are so clueless.
Look at the photos on this blog – both groups of women shop in similar ways, both groups are having fun – and both groups are either researching or purchasing online – but when you look at the photo of the older women – you should think to yourself, now they are spending money! p.s. I had a hard time finding photos of women over 50 in any venue, and that was on paid photo sites!
Who is in the photos on your website and in your ads and posted on your social media? If they are all men or a mix of men and young women – you are missing a huge, inclusive message – a message that says ‘you are our buyer’. And please be sure to have diversity too!
Your company and your marketing can be the smart ones, be data driven and go where the money is! Take a look at this research:article: http://www.thedrum.com/news/2018/01/24/nearly-three-quarters-women-over-50-shun-all-advertising
Elastic Generation: The Female Edit sought the opinion of women aged 53 to 72 from the JWT London Innovation Group, in an effort to pin down an accurate depiction of this key demographic.
It found that 91% of respondents wished advertisers would treat them as people and not as stereotypes with 90% agreeing with the statement ‘I’m not going to start dressing in beige just because I’m over 50 now.’
In a similar vein 71% stated they were still a ‘kid at heart’ while 73% expressed displeasure at how their generation was patronized with regards to technology. Adding weight to these findings 81% of women polled said they did not recognise themselves in advertising supposedly targeted at their generation.
As such brands are encouraged to think beyond age as a number and get to the bottom of what really motivates their target audience while ensuring that depictions of older people in advertising are authentic – binning outdated stereotypes once and for all.
Such findings will be highly worrying for marketers given that 78% of over 50’s command the purse-strings in their households, with the age group accounting for half of all consumer spending.