Seniority Rules
Give the older generation the computing power it wants.
URL:
http://www.entrepreneur.com/magazine/entrepreneur/2006/may/159976.html
With life expectancy hitting all-time highs, it's hard to
ignore the growing senior market. A relatively untapped area
involves technology for seniors. This can take many forms, from
health-care technology to software that helps seniors access the
internet.
A good resource for information is the Center for Aging
Services Technologies, a coalition of technology companies,
aging services organizations, research universities and government
representatives. Technology that helps enable independent living
for seniors is a major growth area. A Pew Internet & American
Life report shows that wired seniors tend to engage in e-mail;
communication, information and health searches; e-shopping; and
online banking.
Companies like SSPDirect.com, founded in 2003 by mother and daughter
Myrna and Risa Arin, are catering to over-50 computer users by
selling products like large-print keyboards, screen magnifiers and
mice designed for those with arthritis. "This is a great
business opportunity because more and more seniors are trying to go
online and there really aren't products or companies to support
them," says Risa, 37. Customer service is more than a
catchphrase when it comes to this demographic. SSPDirect.com has
more than doubled its sales each year, in part because they provide
extensive support to their customers in both selecting products and
then putting those products to use.
Some hot areas to consider include technology for health care,
independent living, aid for people with disabilities, and websites
that cater specifically to the needs of seniors. Risa also points
to mature adults staying in the work force longer and the need for
technologies that help them stay productive in the workplace.
It's a smart time for entrepreneurs to get a jump start in the
area of senior technology by creating products and services for
this growing market.
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