DMA's list vision: revealing consumer behavior
& list marketing trends for 2003--New York, NY.
Peter Frencese, demographics trends analyst at Ogilvy & Mather,
and the founder of American Demographics magazine, offered up three
observations about consumers to help deal with shifts in the
marketplace:
Observation No. 1: An aging set of consumers means a shift in both
lifestage and lifestyles.
Americans are getting older with half of all U.S. householders will
be age 50 or older within five years. And, over 80% of all household
growth will be in the 50-plus age range.
"Marketing of products to this age group will decline, people
over 50 have all the things they want," Francese said. If they buy
products now, it will be for their grandchildren.
However, the 50+ group can't get enough services. They are
buying second homes. Among people 55 to 64, there will be a 22% growth
in the purchase of second homes between 2003 and 2008.
This trend will make locating the older buyer more difficult
because they will be at their country place or beach retreat instead of
at home where you want to contact them, Francese said. "I estimate
that 1 in 3 households are empty every weekend."
Observation No. 2: More highly educated women are likely to demand
more from you.
Women represent a savvy group of consumers, having received 58
percent of the bachelor's and master's degrees this year. As a
result, women's salaries will rise faster than men's, Francese
said. He cautioned that more highly educated women expect more as
consumers.
More educated consumers also have a high probability of being
Web-enabled at work and home. They read more and want product details,
Francese said. They like print and are also avid Web buyers.
Observation No. 3: The character of work and leisure is changing.
Office workers are now a majority of workers and knowledge and
independent workers blur the line between work and leisure. This results
in more consumers who are both browsing and buying from their place of
work.
"Be sure to send them relevant offers, not stuff that wastes
their time," Francese said.
The main lesson for marketers, Francese stressed: Place and timing
of delivery of DM messages will become even more critical to the success
of a direct campaign.
COPYRIGHT 2003 Sarah Stambler's Marketing with
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Copyright 2003, Gale Group. All rights
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