Behavioral and Situational Marketing for Different Age Ranges

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Masters of Marketing Talkin’ ‘Bout My Generation: Behavioral and Situational Email Marketing for Different Age Ranges Heather Galloway AgencyBuzz Coordinator

Transcript of Behavioral and Situational Marketing for Different Age Ranges

Page 1: Behavioral and Situational Marketing for Different Age Ranges

Masters of MarketingTalkin’ ‘Bout My Generation: Behavioral and Situational Email Marketing for Different Age Ranges

Heather GallowayAgencyBuzz Coordinator

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Welcome to Masters of Marketing!We will begin the webinar promptly at 12:00pm, CST.• Today we'll be talking about Talkin’ ‘Bout My Generation: Behavioral and Situational Email

Marketing for Different Age Ranges

• Follow us on Twitter for more tips, tricks, and the latest digital marketing news: #MastersMktg

• If you have questions during the webinar, please use the chat window and I will answer all questions at the end.

• Join us next time (7/21 at 12pm, CST). SEO Coordinator John Dessommes will cover: How to Perform an SEO Audit on Your Insurance Website

• SAVE THE DATE: AgentCon 2017 will be held April 20-21, 2017 at the DFW Hilton Lakes Hotel

Thanks for joining us today.Heather Galloway800-383-3482 x [email protected]

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What is Behavioral Marketing?• “Behavioral Targeting is a technique used by online

publishers and advertisers to increase the effectiveness of their campaigns through information collected on an individual's Web-browsing behavior”• Possible Behaviors to Track

• Signing Into an Account• Viewing a Product/Page• Completing a Form• Email Engagement• Purchase• Blog/Newsletter Subscription

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Why Behavioral Marketing?• Beneficial to the Consumer• Revenue Opportunity• Improved Email Marketing Performance• Increase Conversions

Action Based

Personal Timely

Behavioral Marketing

Context Conversions

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Implementing Behavioral Marketing1. Track Your Online Interactions2. Determine the Actions to Respond to3. Develop Content Based on Behavior4. Automate Campaigns

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Situational Marketing• Situational Marketing: Advertisement designed

around a customer’s specific circumstances and needs.• Build Individual Profiles: “Personas”• Demographics: Age, Education, Family Life• Motivations, Fears & Goals: Personal and Professional• Behavior Patterns & Purchase Tendencies

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Baby Boomers (Age: 52-70)The American Dream• Over 50% of Consumer Spending• Rejection/Redefinition of Values• Goals: Health, Energy, Wellness• Suspicious of Authority• Work-Centric• Financial Denial/Privacy• Lines of Business to Target: Life, Long-Term Care,

Disability

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Generation X (Age: 36-51)Independence• Email is King of Communication• Financial Priorities: Kids’ College, Home

Ownership, Entrepreneurship, Financial Independence• Focused on Family Values & Nostalgia• Lines of Business to Target: Renters, Home, Life,

Commercial

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Generation Y/Millennials (Age: 18-36)Optimists• Underemployed• High Amount of Debt• Delay in Family Life• Less Engaged, More Likely to Disengage• Digitally Driven• Helicopter Parent Influence• Sharing Economy• Lines of Business to Target: Renters, Health, Auto• Under-Educated About Insurance

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Generation Z/iGeneration (Age: 0-17)Realists• Digital Natives• Creative, Nontraditional, World-Changing Ambitions• Highly Influential to Other Generations• Money-Driven• Lines of Business to Target: Auto

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Situational + Behavioral Email Marketing• Situational: Internal and External Influencers• Behavioral: Digital Interaction• Use Situational Targeting to Develop Content

Strategy• Use Behavioral Targeting to Enhance Content &

Develop Delivery/Trigger Strategy

Action Based

Personal

Timely

Behavioral Marketing

Context Conversions

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Thank You for Joining Us!• We will be posting the link to today’s recording on

our blog:http://www.getitc.com/blog/marketing/

• Join us next time (7/21 at 12pm, CST). SEO Coordinator John Dessommes will cover: How to Perform an SEO Audit on Your Insurance Website

Heather Galloway800-383-3482 x [email protected]