Last summer I had a new business meeting with two twenty-something’s wearing shorts and T-shirts. As an agency owner with more than 20 years in the business, I’ve had to adjust to the fact that now my clients will be younger than I am.
Not that I’ll start wearing shorts to meetings. But it raises the question: will younger people want to do business with me?
It clearly goes beyond business attire. So, companies 20 years old and older, take note.
What younger customers respond to is different than your current loyal base.
Why do I raise this issue? Because we’re finding so many B2B companies still have no social media presence. There are misconceptions — based on a lack of understanding — in the B2B world about the value of social media.
It’s not just social media. It’s corporate responsibility. The concept of sharing information. Giving to receive. These are new paradigms, especially for older, successful companies.
Yes, you can rely on your traditional communications/marketing methods, up until your current customer base retires. But if you’re not by now at least looking into some of the more ‘hip’ tools, in three to five years, you will be sorely behind the marketing curve. And that will be the least of your worries.
More problematic will be having lost the opportunity to forge new relationships with younger customers.
Making a Customer for Life
Many of our clients (and well as Element-R) have long-standing relationships with customers who are uber-loyal.
I learned while doing PR in the medical field (where most standard PR tactics don’t work) the value of forging relationships early on, even at the college, graduate or medical school level. By simply providing training materials and an expert speaker, we were able to have impact before the medical students became product specifiers.
So start now in reaching out to your customers to establish that loyalty. Understand them. How they are different. How they want to be communicated with. What they respond to. Get out of your marketing box.
Case in point:
Last week the Wall Street Journal’s story, “Super Size Me Generation Takes Over at McDonald’s,” tells the story of Travis Heriaud, the 30-year-old son of a McDonald’s franchisee trying some new tactics with his own new restaurant, at a cost of $50,000.
As part of the grand opening, he incorporated a book giveaway for children, and a parade of zoo animals.
The father was skeptical. But in just one year, the new McDonald’s (which has continued its unusual tactics) has exceeded corporate sales projections by 50 percent.
Needless to say, those ideas and others from next-generation owners are taking hold at other McDonald’s, with things like later evening hours, recycling bins, bringing in junk food critic mommy-bloggers for a tour of the kitchen, visiting schools to talk to kids, reading programs and back-to-school give-aways.
Heriaud wanted to demonstrate from day one that his restaurant “aimed to be part of the community,” noting, “we have a responsibility to be good corporate citizens.”
Customers are noticing. Make sure yours will, too.