joeybabe25 said:If so, they are a vast, mostly monied target group. They are virtually being ignored as they swell in numbers.
A couple of generations ago we had a much more limited set of media to reach people. Radio was the new-kid-on-the-block and it was asked to do some things that maybe were not it's strongest points... but it worked... even if today we would say it was used incorrectly.
With computers and data-bases, a whole net set of advertising and sales methods have opened up and by pin-pointing what the computer says are "high value targets" media that we used to think of as costly are now much more affordable.
I'm "out of place" in my neighborhood. (I know. Some of you are thinking: "He would be out-of-place in ANY neighborhood!") I have one of the least expensive houses on a dead-end street on a peninsula leading out into a big lake. There is a house at the end of the road that has been on the market for $6,000,000. Lots that touch the water begin at $300,000. If my lawn mower were to throw a rock into the street it would likely hit a BMW or Mercedes. When they pass my place they have the pleasure of seeing my 15 year old Tacoma mini-pickup sitting in the driveway.
Here is my point: You cannot believe some of the direct-mail advertising I receive. It is aimed at the older crowd that you suggest radio is overlooking. And I think BigA and I are in agreement: Radio cannot come up with data to indicate that older listeners can be reached at a competitive price compared to lobbing slickly-printed direct mail into a "ghetto" like mine.
I'm putting together a cardboard sign. I'm going to put on some bib-overalls and stand on the side of the road next week holding up my sign: "Will Work for used BMW".