by
Jaye Albright
Country
has always been pandemographic in appeal,
more of a lifesyle than an age group. And,
the biggest challenge our sellers have historically
had in turning our rating shares into revenues
shares hasn't been as much the old "NRA
rednecks in pickup trucks" stereotype
as it has been that the demographic groups
we deliver most efficiently skew 35
and older.
Whether
it was Hank Sr., in the 50's; Patsy Cline,
Chet Atkins and Jim Reeves in the 1960's; Glen,
Buck and Roy in the early 1970's, the Urban
Cowboy in the early 1980's; the class of
'89 or Shania and the Chicks in the mid-90's,
country's past growth thrusts have always
come when younger demos suddely discover
a new evolution in our music just as the
upper demo core does the same thing.
This
may be why, in the past, in spite of many
predictions that it was about to fragment,
the music has changed, growing the audience, rather
than segment in appeal.
Now,
a new book, "Ageless Marketing" by
David Wolfe and Robert E. Snyder may help
explain why country radio audience shares
and also Nashville's share of music retail are growing
again. And, this time, it's a
shift in pan-demographic values that is driving
the growth, which of course is also being
spurred by great new music by almost every
meaningful superstar of the last 15 years
with the exception of Faith Hill and Garth
Brooks. Hopefully, it won't be too
long before they come forward with great,
new material as well.
Here's
what's going on:
Sorting
consumers into age groups seems to make sense
because it presumably makes clearer where marketing
dollars and effort will yield the best results.
This has usually meant much bigger investments
in younger markets because many marketers believe
that the marketplace value of people 35 and
older falls with rising age. After 50, they
fade from most marketers’ radar screens altogether.
But
segmenting consumers by age now makes less
sense. Unprecedented changes in marketplace
demography make age-based marketing increasingly
counterproductive.
Slow
population growth or actual shrinkage in five-year
age groups from 10-14-year-olds to 40-44-year-olds
is eroding the traditionally biggest source
of growth in consumer demand. The 25-44-age
cohort, who spends most per capita on vehicles,
housing and housing related products, is shrinking
by 4.3 million people in this decade. These
conditions are forcing many companies to look
beyond their traditional target age groups
for growth, but they raise the long-standing
marketing dilemma of courting older consumers
without turning younger consumers off.
Ageless marketing gets around that problem by invoking values that resonate
across generational divides and by tuning marketing, including product design,
promotions and customer relations, to psychological stages of life.
Why
Ageless Marketing?
A new customer majority has emerged. For
the first time ever, most adults are 40 or
older. This New Customer Majority has
radically changed the rules of marketplace
engagement because its members see life through
a different lens than younger consumers who
once determined the rules.
The New Customer Majority is huge! In 2000, it was 45% larger than
the 18-39 age group (123 to 85 million), by 2010 it will be 61% larger:
138 to 86 million money-spending consumers.
Growth challenge: Expect no sales growth in this decade among 25-44-year
olds because they're shrinking by 4.3 million people.
The marketing sweet spot is aging boomers. They will swell the 45-64-year
age group by 16 million in this decade.
The New Customer Majority, the richest market by far. By 2010, adults
45 and older will outspend younger adults by $1 trillion ($2.6 to
$1.6 trillion).
Prime strategy for this decade: Compensate for shrinking young adult
markets by using ageless marketing to get more sales from every
adult age group – marketing based on values that appeal across generational
divides.
In
a recent prep email Neil Haislop (neil@countryforever.com) posed this
trivia question which makes the pan-demographic
point of country's universal values: "WHAT
COUNTRY SINGER HAD TWO HIT SONGS RELATED TO
TWO DIFFERENT GULF WARS?"
The
answer of course is: in late 1990 Aaron
Tippin released "You've Got To Stand For
Something," a song that peaked at #6 in
early '91 and became a rallying song for the
first Gulf War. Then, in October 2001, "Where
The Stars and Stripes and the Eagle Flies" became
a post 9/11 rallying point and one of the tunes
played in American tanks when the second Gulf
war began.
Universal
values that unite individuals across the all "Season
of Life" can strongly influence consumer
behavior. Karl Rove would probably also
say that these things can also strongly influence
political loyalties as well.
Each person’s life is a story, unique in some respects, but to a remarkable
degree more like every one else’s story than we generally acknowledge. Understanding
the commonalities consumers' share in their life stories offers valuable insights
into their needs and behavior that most marketing ignores.Our individual life
stories have much in common with the life stories of others because in each
season of life our deepest needs tend to be quite alike others who are passing
through the same season. I believe that marketing that reflects these universal
needs will generally make stronger connections at deeper levels with consumers
than marketing based on superficial differences between consumers – the more
common path in marketing.
To
see how season of life plays a huge role in
shaping consumer behavior it helps to understand
how human development across four seasons of
life shapes the foundations of human needs.
Each season of life has a primary developmental objective that gives rise to
a bundle of needs. By -season of life, the primary developmental objectives
are:
-Spring (the first two decades of life): acquiring basic intellectual,
emotional and social skills needed to enter adulthood with reasonable prospects
for success.
-Summer (the second two decades of life): becoming someone socially
and vocationally.
-Fall (the third two decades of life): determining the ultimate meaning
of one’s life as part of more fully developing the inner self.
-Winter (the remaining years): reaching a transcendent state that deepens
life satisfaction and increases resilience in the face of untoward conditions
the future may hold.
It’s important to realize that needs whose satisfaction is necessary to
fulfill a season’s primary developmental objective are anticipated in DNA.The
presence of those needs is not within our control – only what we do about them
is. For example, a teen’s keenly felt need to be part of a “herd” is innate.
How that teen responds to that need is (somewhat) a matter of his or her individual
will.
Or,
to put it in radio terms: the more 'relatable'
your content is, the larger your audience will
be.
"Ageless
Marketing" gives plenty of reason to believe
that the coming decade's predicted demographic
profile offers another exciting opportunity
for our format and our music. We just
have to get the AGELESS values right.
Read
more/order the book: http://www.agelessmarketing.com/
Reach the
authors:
David
Wolfe
Tel: 703-758-0759
wolfe@agelessmarketing.com
Robert
E. Snyder
Tel: 860-525-6688 Ext 133
snyder@agelessmarketing.com
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