Wednesday, February 15, 2017

4 - Baby Boomers vs Millennials

here are some of the difference in buying behaviors between baby boomers and millennials.

  1. baby boomers :
    • age more than 60
    • want to see or touch before buying
    • leading in disposable wealth
    • not really shop online
    • not really shop on their mobile phone
    • prefer to shop in store
    • use a shopping list
    • named the product price as the most important feature
    • they want convenience
    • confident shoppers
  2. millennials :
    • age under 30
    • want to use technology
    • leading in progressive trends
    • they shop online
    • shop on their mobile phone
    • not necessary to shop in store
    • prefer to work in teams
    • not influenced at all by advertising
    • value authenticity as more important than content
    • social media is number one for shopping information
    • sensitive to price
    • gift cards are believed to be safest for online shopping
    • embrace loyalty program

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