The Baby Boom Business Exit Phenomenon

The Baby Boom Business Exit Phenomenon

This site is devoted to educating and informing private company owners of the perils of the ongoing Baby Boom Business Exit Tsunami. This storm of sales is bringing twice as many companies to the market as is the norm. The law of supply... [more]

This site is devoted to educating and informing private company owners of the perils of the ongoing Baby Boom Business Exit Tsunami. This storm of sales is bringing twice as many companies to the market as is the norm. The law of supply and demand is merciless.

Profile of the Boomer Consumer: Myth #6

Sixth in the top ten myths: Boomers are brand loyal and will not switch

  • Commonly thought to be set in their ways, Boomers are as likely as younger cohorts to experiment with new products.
  • They pay attention to advertising for new products
  • 61 percent of Boomers agree that “in today’s marketplace, it doesn’t pay to be loyal to one brand,” compared with 62 percent of those age 18-41.

I have to say I fell prey to this myth. I thought the “stick-with-it-ness” of the tried-and-true brand/consumer marriage was held in high regard by Boomers.

I should have known there was hole in the story I told myself….when a colleague of mine suddenly and recently switched to Crest after using Colgate all her life (doubly surprising when she used to work for the Colgate-Palmolive company long ago!).

Source

Christine Babick is a blogger at www.beneaththebrand.com. A marketing strategist and linguist, she specializes in marketing language, website text, “emo copy,” and cause and relationship marketing.

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