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Article 7: Pick A Target
Plenty of products and
services appeal to multiple generations, but
it’s impossible to do a good job of targeting
everyone.
Choose one or two groups to go after, do your
research, refine your strategies, test to see
whether you’re succeeding, and work on expanding
market share.
How can you appeal to the groups you want? Begin
by thinking through what you want to sell—your
offerings’ key features and benefits—and what
your products and services can do for your
target generation. What do they need and want,
and how can you fulfill those desires?
Chances are, your product or service will appeal
most strongly to one specific group, with some
crossover. If you’re offering financial services
with a focus on retirement planning, boomers are
going to be key—but you might also devote some
attention to Gen X to make sure you’re not
ignoring a major audience as it matures.
A trendy boutique’s fashions may appeal
primarily to Gen X, but you could also set aside
a portion of the store especially for Gen Y so
you can start building a base with them.
If you run a health-food store that sells
supplements, Matures and boomers are obvious
customers. Side lines of incense, lava lamps,
bead curtains and other ’60s-style paraphernalia
will appeal to nostalgic boomers as well as to
some retro-loving Xers.
Keep in mind each group’s cultural tendencies.
Matures ask, Is it sensible? For boomers the
burning question is, Is it meaningful? Gen X
wonders, Is it fun? And the youngest cohort
needs to know, Is it cool?
Consider creating an age-group panel of half a
dozen or more people who are willing to talk
with you regularly about their concerns and
experiences and to give you feedback on your
products, services, and marketing and ad
campaigns. Meet with them in person so you can
view their faces and body language as they
respond to your ideas.
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