Marketing
To Seniors On The Net
By Neal Lebar
Contributing Writer
Article Date: 2003-05-06
I've been active in Internet marketing since 1996, including
working with several businesses that acquire customers solely
over the Web. Not long ago, while assisting a client who markets
specifically to seniors, I had the biggest surprise of my
life!
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Selling to the over-65 market has traditionally involved
print, direct mail and TV as primary media. Everyone kept
telling me, "seniors are a very small market on the Internet
and besides, they're not surfing and buying products."
Convinced by those words of wisdom, I decided to promote their
business in the traditional manner.
LAUNCHING A ROCKET
Six months into the campaign the acquisition costs were running
triple our projections. Discouraged, we decided to give the
Internet a try - "why not, we've tried everything else."
I created the Web site's keywords, titles, and descriptions,
and placed them to ensure the top three listings on Yahoo,
MSN, AltaVista, and other popular search engines. Within a
few hours of our listings going live, the phone calls and
e-mail inquiries were rocking like never before. Our client
closed more business in the first two weeks of this campaign
then they had in the previous three months combined! More
than a year later, this momentum continues, unabated.
TOO GOOD TO BE TRUE
When something appears too good to be true, you naturally
assume that it isn't! After the first month of Internet marketing,
we evaluated the number of new acquisitions and the cost to
acquire each - and we were stunned! So we figured that it
couldn't continue - it was simply a quirk, a random aberration.
We rationalized that the costs would eventually rise to a
level compatible with traditional media. Wrong again. It has
been more than a year since we launched this astonishing Internet
marketing campaign, and I'm happy to report that none of our
old hypotheses have materialized. The number of acquisitions
per month has steadily increased while our cost per acquisition
has progressively decreased. Sometimes it's nice to miss your
mark by a mile!
THE REST IS HISTORY
Not surprisingly, our client has significantly scaled up their
Internet advertising. Now we know that seniors are one of
the fastest growing segments on the Web. According to Jupiter
Research, the online population for the over-65 demographic
segment was estimated at 4.4 million in 2001, 6.1 million
in 2002, 7.6 million in 2003, and is expected to surge to
16.3 million by 2007. Seniors are a substantial -- and profitable
-- market. They are surfing, buying and using e-mail extensively,
and I have the numbers to prove it! Now, when people ask me
if seniors are really buying on the Internet, I just smile
:).
MINING THE GOLD
Our success is being replicated throughout the Internet, although
it is still the best-kept secret in most segments. But today
there is an opening - just a crack - and a few entrepreneurs
are beginning to take advantage of it. Many early entrants
are using their head start position to "lock up territory"
and secure their future. These visionaries know that the gold
rush will not last forever. When the initial scrambling is
over, they'll own the mines and will be cashing on the gold
for years to come.
About the Author:
Neal Lebar has helped many companies capitalize on the Internet
using his exclusive Internet marketing techniques. He has also
developed hundreds of dynamic Internet based applications such
as: press releases, product announcements, executive profiles
and many more using his eXtenderWare software. For more information,
visit www.innovate-inc.com
or www.extenderware.com
or e-mail nlebar@innovate-inc.com.
Neal
Lebar answers Internet Marketing and Pay-Per-Click Questions:
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