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As people live longer, there are increasing needs for products and services that cater to seniors.
According to Census data, those near retirement age have the highest net worth. But net worth does not drop sharply after age 70, so marketing to this group can be very worthwhile.
Your audience is incredibly diverse. There are very able-bodied and cognitively intact elders and there are elders who are more frail and more forgetful. Tailor your strategy to what you're selling, not generalities about aging that may not be accurate.
Not all elders go to senior centers or frequent hospitals. Your marketing should reflect that many of them work, shop for groceries, and do everything younger folks do.
Not all seniors go on Facebook or Instagram, but some do. Reaching out to these groups might yield surprising success.
Print newspapers, although declining in popularity, have had less of a decline among the older age groups.
Some seniors have communication challenges. Try using church bulletins and radio to reach more of them.
Those who work with elders, nurses, health care aides and care managers can help you spread the word. Reach out to service organizations to spread news of your product or service.
Families are the number one support for elders. Getting the message to them represents a “win win win” because it helps the business, the senior and the family.
Elders have decades of experience surviving and adapting. If you try to convince them they can't live without your product or service, you're not going to succeed. Make sure your product sells itself.
Marianne Delorey is executive director of Colony Retirement Homes, based in Worcester. Contact her at mdelorey@colonyretirement.com.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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