2013 London Book Fair slides
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Transcript of 2013 London Book Fair slides
Marketing to the Ageing Consumer
Dick Stroud
16th April 2013
Lots to say
35 mins
www.20plus30.com/BA2013
Objective of the session
Book selling Population ageing
BA Conference Harrogate
Average number books bought, 2006
2
6
7 8
11
9
Ave 6.6
Books & the Consumer (BML/TNS)
8
11 9
% buying books (2011)
0 20 40 60 80
13-24
25-34
35-44
45-54
55-64
65-79
Males
Females
Books & Consumers © Bowker Market Research
* * *
Free e-books (2012)
28%
15%
21%
22%
14% 55+
45-54
35-44
25-34
18-24
* Australia Brazil France Germany India Japan S. Korea Spain USA
UK
*
Paid e-books (2012)
33%
19% 20%
19%
10% 55+
45-54
35-44
25-34
18-24
* Australia Brazil France Germany India Japan S. Korea Spain USA
UK
*
E-book buyer profiles - March 2012
0
20
40
60
80
100
16-24 25-34 35-44 45-54 55+
43 35
30 26
20
34 38 36
31 24
%
Bought in last 6 months Likely to buy in next 6 months
Base: All adults Source: Understanding the Digital Consumer March 2012
Books & Consumers © Bowker Market Research
UK Demographics
+ 4 million
UK wealth distribution
30%
Share of income
High wealth 50+
Income +Assets
Postal Areas
‘ultra-‐fragmentaGon’
£100,000+ savings 17%
<£2,000 savings 29%
Standard of living Happiness
Health
Quality of life Index
50-54 60-64 65-69 70-74 75+ 55-59
2 0 -‐2 -‐4 -‐6 -‐8 -‐10 -‐12
50-54 60-64 65-69 70-74 75+ 55-59
long-term unemployment
final salary pensions higher
debt levels
2 0 -‐2 -‐4 -‐6 -‐8 -‐10 -‐12
è sandwich generationç
AB C1 C2 DE
Standard of living
Health
Happiness
2 0 -‐2 -‐4 -‐6 -‐8 -‐10 -‐14 -‐16 -‐20
Quality of life Index
<30% of age group
older
higher socio-economic
prosperity
Complex Bunch
Equally Complex Bunch
Age
Wealth
Education Sexuality
Physiological ageing
Senses Body Mind
Eyesight
Touch
Hearing
Smell
Taste Complexity
Comprehension
Muscle Strength
Dexterity
Hair Flexibility
Weight & Body Size
DigesGon
Urinary
Skin
Menopause
Dental
Sexual
25 types
Communications
Support
Product
Online Retail
➟ Graphics
➟ Handling
➟ Comprehension
➟ Opening/Closing
➟ Text
Assembly
Design
Packaging
Pricing
Warranty
Communications
Support
Product
Online
Retail
Senses Body Mind
Eyesight
Touch
Hearing
Smell
Taste Complexity
Comprehension
Muscle Strength
Dexterity
Flexibility
Weight & Body Size
Skin
Communications
Support
Product
Online Retail
Senses Body Mind
Eyesight
Touch
Hearing
Smell
Taste Complexity
Comprehension
Muscle Strength
Dexterity
Flexibility
Weight & Body Size
Skin
Communications
Support
Product
Online Retail
35% of adult population > 55 55+ will account for 90% of population growth
2 Bookstores
Other observations
• Large children’s play area
• 6 seats in the store – none together
• No reading aids products for older customers
• Books on age related issues
• Ageing = 5 • Alzheimer's / Dementia = 4 • Retirement finance = 2 • Care = 0 • Wellness = 0
25 effects of ageing X
200 touchpoints X
Age/Client Weighting
Touchpoints
Ageing Factors
Database
Engine
Interface
Communications 4.7
Online 4.1
Product 4.0
Retail 4.4
Phone 4.6
AF Score = 4.4
The recession has (is) changing the fabric of the market ✔
Essential to evaluate the complete customer journey ✔
The devil is in the detail – numerous 1% improvements ✔
Age-friendly touchpoints are the foundation of all marketing ✔
Thanks for listening!
www.20plus30.com/BA2013
Dick Stroud [email protected] www.20plus30.com @20plus30 dickstroud dickstroud
www.the50plusmarket.com
www.age-friendly.com