Events Archives – Varsity Branding

Tag: Events

Joy Loverde is a path carver, a keynote speaker and a best-selling author. Her book, “The Complete Eldercare Planner” helps senior living shoppers figure out “where to start, which questions to ask and how to find help.” 

She also knows what it takes to plan effective sales events for senior living communities. For more than 35 years Joy has participated in hundreds of senior living marketing events as a keynote speaker and a mature marketing consultant. She joined our weekly Roundtable recently to share some of the things she’s learned about sales events. The following are some highlights from that conversation. 

WHAT CHANGES HAVE YOU SEEN IN TERMS OF WHO ATTENDS SENIOR LIVING MARKETING EVENTS? 

There have been significant shifts, particularly in the demographics of attendees at independent living prospect events.The audience has become much younger and healthier over the past decade, with participants as young as 45 and many in their 60s and 70s who are active and healthy. Joy highlighted the presence of young widows in their 50s and 60s who feel invisible, as well as the LGBTQ+ population, who are concerned about finding inclusive living environments. 

ARE YOU FINDING THAT THE PEOPLE ATTENDING EVENTS ARE MUCH MORE EDUCATED ON THE SENIOR LIVING MARKETPLACE THAN BEFORE?

Prospects today are much more informed. Attendees, especially boomers, enter the events with extensive knowledge of the products, whether it’s assisted living or independent living. They have thoroughly researched online and are aware of various lifestyle housing alternatives. 

Many attendees have experienced caregiving for their parents or grandparents, which has made them aware of the difficulties and financial nightmares associated with end-of-life care. This personal experience has informed their decisions about what they do not want as they journey toward old age.

WHAT KINDS OF QUESTIONS ARE PEOPLE IN YOUR SENIOR LIVING AUDIENCES (PROSPECTS) ASKING NOW? 

In the past, discussions focused on the benefits of communal living and dining preferences. Today, boomer prospects express more of a desire for control and individuality. For example, customizing their personal living spaces is important to them.  

Another significant shift in questions revolves around emotional wellness. In addition to boomers, many younger widows attend Joy’s events. They ask about individual support in the areas of grief, yoga, meditation, and spirituality. Joy further explained that in general many boomers are frequently experiencing grief due to the loss of loved ones, and they express the need for ongoing emotional support.

DOES THE LOCATION OF WHERE YOU HOLD MARKETING EVENTS MATTER IN TERMS OF ATTRACTING PROSPECTS? 

Joy noted a significant shift in event location strategies. Previously, there was a focus on holding independent living events at luxurious off-campus venues like country clubs to showcase community life. Now, the trend is toward smaller, on-campus events for Life Plan Communities, accommodating up to 60 people. Smaller audiences allow for more personalized interactions and attention to individual prospects.

Conversely, events for assisted living are now often held in vibrant settings like country clubs. These venues offer a feel-good environment with healthy food and social opportunities, which can be particularly appealing to prospects and adult children facing crises. 

Varsity’s Roundtable is a weekly virtual gathering of senior living marketers and leaders from across the nation. For updates about future weekly Roundtable gatherings, submit your name and email address here.

Do you know what the world’s best-selling album is?

Up until early-September 2018, it was Michael Jackson’s “Thriller.” A masterpiece of modern musical artistry, few thought it would be dethroned anytime soon. Then, something unexpected happened: Baby Boomers started buying one of their favorite records — “Their Greatest Hits (1971–1975)” by the Eagles. Suddenly, the King of Pop found himself dethroned by Don Henley and his crew.

It’s been said that musical tastes are solidified in your early 30s. Whatever music you are jamming to during that phase of your life will probably become your sound for decades to come. For Baby Boomers, this means that Paul McCartney, Fleetwood Mac, Pink Floyd, the Bee Gees, Queen and the Who (just to name a few) are most likely responsible for the tunes that most Boomers enjoy. This probably isn’t a surprising idea, but for retirement communities, it can open up a whole new world.

Often, we encounter senior living organizations that want to recruit from the youngest demographic of Baby Boomers — and for good reason! They have plenty of income, will probably be stable residents once they move in and lend an air of vibrancy with their presence. Yet, when we look at the events that communities are using to attract these types of buyers, we find a disconnect. Swing music and big-band acts top the event circuit, when in reality, a Chicago cover band might be more in order.

It’s an important question to ask yourself — are you tailoring your events to the residents that you want, or are you creating events for the residents that are showing up? It’s a “chicken-egg” question, for sure. As senior living marketing professionals, we have to keep our communities filled and functional, so taking a chance on an act or event that appeals to a younger crowd — which might take longer to make a buying decision — can be a hard choice.

We’re not saying that you must change your event plans overnight; rather, we’re advocating for you to think of the big picture. In three to five years, how will your community be engaging with Boomers? What music is playing when they come in the door? Are the activities appealing to the right age demographic? It’s easy for us to get stuck in our day-to-day roles and suddenly find ourselves unable to step back and look ahead.

Source

https://musicmachinery.com/2014/02/13/age-specific-listening/

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