With all
doom and gloom recession talk going around wouldn't it be nice if your customers were recession-proof? My goodness that sure sounds wonderful.* Could such customers really exist? * If they do exist, how would you find them? * Could there be enough of them to focus on and build a customer base from? * If so, would they have any interest in
products and services you offer? * Would they turn out to be a bunch of skinflints with no discretionary funds?
Oh, how very wonderful it would be if such folks did exist and could/would buy your goods. Why it would be a business paradise! What a sales dream come true!
Well, it's not a dream. Such customers do exist and they are eagerly waiting for you to call on them. Yes, they want your products and services. Where do these dream-come-true customers exist? Why, they are all around you. In fact you have been looking at them for years, but you haven't really seen them. They are called senior citizens.
Seniors are
biggest (over 81 million), fastest growing (1 every 7 seconds) and highest net worth (own 79% of all financial assets) consumer group that exists in America today.
The reasons that seniors are close to being recession-proof are:
* They have stable, guaranteed incomes from their retirement packages, savings, investments, social security and their medicare/medicaid benefits. * Most have little if any debt, owning their homes and cars outright. * They carry small (if any) credit card balances. * Child care costs are zero since their children are grown. * Utility and tax burdens are extremely low for this group. * They are quite cash positive with large savings accounts and very secure investments.