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BizReport : Trends & Ideas : October 02, 2006
Are Boomers Next Cash Cow?
Monster.com’s founder has launched a new web portal, geared strictly to baby boomers, and investors are taking notice. The largest constituency on the web, so far elders have been an untapped market, and it appears, one that is ripe for advertisers.
Called Eons.com, members must be 50 to register. Monster founder Jeff Taylor says the large base of online baby boomers is an untapped goldmine. Making up more than 195 million surfers, boomers are looking for information on finance, health and investing according to Jupiter Research, and at the same time finding that social networking sites like MySpace and FaceBook aren’t the right fit.
Venture capitalists are jumping to grab hold of the new boomer-centric websites, investing in portals like Eons.com, GrowingBolder.com and WebBiographies.com. So far finding the right mix of online content is the biggest challenge. Developers are still creating templates and content models that will keep boomers interested with these sites.
For online advertisers, the growth of this online segment is a good sign. Next to the 18-34 age groups, baby boomers have the most expendable cash, and unlike the 18-34 market, boomers actually do more online shopping. Whether looking for good travel deals or good stock tips, advertising on over-50 sites is a good investment for advertisers.
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Comments
Can’t find a web site for people over the age of 50 like yourself? You aren't alone! The majority of web sites are built by computer professionals between the ages of 18 and 35, and result in web sites that fit that age group’s desires. - But what about you? A new web site called Seniors Grand Central ( SeniorsGrandCentral.com ) has been launched to give those of you over the age of 50 a place to connect with others all over the globe, learn how to you use your computer, the internet, and most anything else, and explore your world. SeniorsGrandCentral.com has torn down the barriers that the typical use of technical jargon creates, and instead uses Natural Language that all of us use every day. Want to connect with a pen pal on the other side of the world? Or look for new romance? Or maybe you're more interested in reading about interesting travel locations throughout the world, or learning how to use the internet, and your computer. No matter your interest, SeniorsGrandCentral.com more than likely has something you will find interesting. For more information about Seniors Grand Central visit http://SeniorsGrandCentral.com
Posted by: Nathaniel Briggs on February 6, 2007 01:50
Oh yes, boomers are the next cash cows for doctors and funeral homes. Thank god!
Posted by: Nark on September 10, 2008 01:12