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Senior Market

Published on Nov 18, 2015

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PRESENTATION OUTLINE

BABY BOOMERS

THE IMPACT THEY HAVE ON SOCIETY
Photo by thinkpanama

WHO ARE THEY

  • Born between 1946 - 1964
  • Very active
  • Make up 52% of internet users
  • E-commerce is becoming popular
  • Buying power much greater than most groups
Photo by rileyroxx

SPENDING HABBITS

  • They feel comfortable shopping online
  • Accustomed to catalogs
  • 63.7% of seniors 65 or older use the internet to shop
  • This is huge considering baby boomers are 80 million strong
  • In five years 50% of U.S. Population will 50+
Photo by 401(K) 2013

SPENDING HABBITS CONT

  • Seniors spend close to 50% of all CPG
  • But only 5% of adds are geared to this demographic
  • Marketers call them a sleeping giant
  • Within 5 years Boomers will control 70% of all disposable income
  • They stand to inherit 15 trillion within 20 years

HOW DO WE TRULY CONNECT TO OUR SENIORS

  • Develop an app that is strictly for seniors
  • Combine shopping, social media, and finance into one app
  • Make it convenient and fun to use
  • Market it exclusively for seniors
Photo by bcymet

SPREADING THE BUZZ

  • TV adds are important
  • Advertise online
  • Social media
Photo by balaam

AGING POPULATION EQUALS HUGE $$

Photo by miggslives