Digging Into Demographics: Consumer Age and Why It Matters to Direct Mail Campaigns |
By Ashley Leone |
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It’s said that age is nothing but a number, but if that number correlates to your bottom line, it’s a very important number. Marketing that takes a consumer’s age into account can help you determine the best way to communicate with a specific segment, the channel they prefer, the language they understand, and the information they need to make a purchasing decision. It can inform the tone of your piece and appeal to the specific wants and needs of each group by taking their world views and values into consideration. As far as important numbers go, the age of your target audience and audience segments is at the top of the list.
Generations Are Formed by a Unique Mix of Factors As Pew Research Center states, “An individual’s age is one of the most common predicators of difference in attitudes and behaviors,” and the easiest, simplest, and most recognized way of organizing segmentations by age is using generational marketing. While there are no hard and fast rules on what makes a generation, Pew Research considers “a range of factors including demographics, attitudes, historical events, popular culture, and the prevailing consensus among researchers.” That being said, there are no distinct, universally agreed upon years that define each generation, but most researchers have settled on these age ranges and groups (give or take a year or two) of current consumers:
But let’s be clear: generalizing your audience by any one factor can be detrimental to your business. Like any other data point, age is just one small brush stroke needed to form a complete picture of your audience. Other important factors include location (urban, suburb, rural, etc.), ethnicity (Hispanic, African American, Asian American, etc.), and education (high school, college, doctorate, etc.). All inform what a person relates to, understands, values, and ultimately buys. However, as far as starting points go, age is a great first step in breaking your audience down into segments for more personalized, targeted marketing.
Generational Segmentation Allows Marketers to Dig Deeper into what Makes a Consumer Tick Starting with age allows you to arguably discern the most data points and characteristics than any other grouping factor. From this one bite of information, a marketer can reasonably determine the following:
Aesthetics — What Appeals to Them
Practicality — What Works for Them
Reference — What Speaks to Them
Values — What Resonates with Them
Marketers Beware: Look to Data, Not Your Own Understanding One thing to note is that the reality may look different from the supposition. Take millennials, for instance. Millennials grew up with modern technology, are comfortable with using it, and spend a great deal of time on their computers, tablets, and phones. That information alone would inform a novice marketer to stick to digital communications, but that wouldn’t necessarily be the most effective means of communication.
Millennials — more than any other generation — are more likely than not to check their email frequently or open messages from brands. Sleep Advisor found that one in three millennials check their email as soon as they wake up, and a 2018 Adobe consumer email survey found millennials spend an average of 6.4 hours a day using email. To a marketer looking at these data points, an email campaign may seem the best option to communicating with a millennial, but that doesn’t mean it’s the most effective.
It turns out that 74% of millennials say that they receive too many emails, and 70% are frustrated by irrelevant emails sent by brands, according to a study by SmarterHQ. This digital fatigue and inbox overload make hard copy communications like direct mail a much more appealing option, and one that stands out more from the flood of emails and online ads. In fact, one study by the USPS showed that 75% of millennials said that receiving personal mail makes them feel special. Because of this, 62% of those same respondents said they had visited a store in the past month based on information received from their mailbox.
Age is not just a number. Generational segmentation is just the first step in creating personalized, targeted marketing campaigns, but it’s a big one. While it’s important not to stereotype or put age groups in a box, using data and insights from generational research can prove extremely effective at helping you better understand your consumers’ motivations, values, and preferences. By utilizing those understandings, marketers will be better able to tailor their messages and offers and create deeper, more meaningful connections with all their customers, both big and small, old and young.
Ashley Leone is marketing and corporate communications coordinator at IWCO Direct, where she researches and writes for a variety of channels on a range of topics, including millennial marketing trends and purchasing habits. She can be reached at ashley.leone@iwco.com.
This article originally appeared in the May/June, 2022 issue of Mailing Systems Technology. |