Generation-X
Generation-X can usually be defined
as the generation born between 1965 and 1980, following the Baby Boomers. The more than 50 million American
members of Generation-X are associated with the birth decline after the baby boom and the generation is much
smaller than previous generations.
Jane Deverson is credited with being
the first known person to use the term Generation-X in 1964. In a study for a magazine she encountered a
group of teenagers sleeping around, rejecting religion and being disobedient at home. As the results of her
study, she co-authored a book with Charles Hamblett called Generation-X. Thus, the term Generation-X came to
be linked, generally, to those who decide to distance themselves from society to get a better sense of who
they are.
More than 60% of Generation-Xers
attended college, making them better educated than the Baby Boomers. They dislike authority and rigid work
requirements. They appreciate their creativity and initiative being recognized, especially if they can
demonstrate new ways of getting tasks done. They are eager to learn new skills and work best when they are
given specific targets, but must be left alone to figure out how to achieve them.
Generation-Xers are computer and
Internet proficient and fluent in technology. They are fast spending, sceptical about advertising claims, and
more impressed by a person’s style rather than the clothes he or she wears. Entrepreneurship is high among
Generation-Xers, and they will easily move from one employer to another.
Generation-X continues to lead in
online shopping, with some 80% of the group buying products online. The group is also more likely than any
other generation to bank online too. The Internet, for them, is a convenient way to shop, bank and network
with others.
As the Generation-Xers move into
their 30s and 40s, they are establishing themselves as consumers beginning to start families and buying
homes. The group grew up with cable TV, the Internet and other modern technology, so they experience the
media a bit differently than previous generations. As a marketer, how then do you market to this
group?
In combination with traditional
online marketing, direct mail is considered a powerful approach. Recent studies show that a large percentage
of Generation Xers use coupons they were sent by mail, showing that the group rates mail as
valuable.
As Generation-Xers are normally
sceptical of advertising, the benefits of any offer need to be stressed in order to get them to initiate a
purchase. Are you solving a problem for them, for example? Have you provided them with a simple, yet
compelling message to get them to buy?
Generation-Xers present challenges to
marketers. They encompass a wider range of lifestyles than previous generations. Their expertise in
technology makes them generally immune to traditional marketing, so newer and better ways need to be found to
get their attention.
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