Points to ponder while we wait for everyone to log on… Points to ponder while we wait for everyone to log on… 1 in 4 Ohioans reports making charitable gifts in a given year. Points to ponder while we wait for everyone to log on… Points to ponder while we wait for everyone to log on… Points to ponder while we wait for everyone to log on… Let’s Talk Philanthropy “It All Started With a Girdle” Presented by: Suzanne Allen, Ph.D. Philanthropy Ohio’s President Welcome Tiffani Gottlieb Regional Director, Programs How the Webinar Works All phone lines are muted to eliminate background noise during the webinar. This webinar is being recorded. If you arrive late, leave early or miss any part, you can watch what you missed at your convenience. All recordings are placed on the members side of the Philanthropy Ohio website. How the Webinar Works To ask a question use the Chat Box. Only the chairperson and presenters can see your questions. How the Webinar Works If you cannot see the Chat Box. Click the button on the top left hand corner that says “Chat” to open this feature. How the Webinar Works Talk with us on… www.facebook.com/philanthropyohio @philanthropyOH (hashtag: #POH) How the Webinar Works To maximize your screen click on “full screen”. How the Webinar Works All phone lines are muted to eliminate background noise during the webinar. This webinar is being recorded. If you arrive late, leave early or miss any part, you can watch what you missed at your convenience. All recordings are placed on the members side of the Philanthropy Ohio website. How the Webinar Works All phone lines are muted to eliminate background noise during the webinar. This webinar is being recorded. If you arrive late, leave early or miss any part, you can watch what you missed at your convenience. All recordings are placed on the members side of the Philanthropy Ohio website. How the Webinar Works • If you experience any technical difficulties during the call… How the Webinar Works • If you experience any technical difficulties during the call… – dial back at the number we provided – contact the ReadyTalk helpdesk at 800.843.9166 – Go to ReadyTalk.com and chat with a representative online. How the Webinar Works • If you experience any technical difficulties during the call… – dial back at the number we provided – contact the ReadyTalk helpdesk at 800.843.9166 – Go to ReadyTalk.com and chat with a representative online. How the Webinar Works • If you experience any technical difficulties during the call… – dial back at the number we provided – contact the ReadyTalk helpdesk at 800.843.9166 – Go to ReadyTalk.com and chat with a representative online. It All Started With a Girdle… And what that means to philanthropy Suzanne Allen, Ph.D. Philanthropy Ohio’s President It All Started With a Girdle… It All Started With a Girdle… It All Started With a Girdle… It All Started With a Girdle… They lived in absolute uncertainty! It All Started With a Girdle… But it’s important to remember the era in which this question was asked? It All Started With a Girdle… But it’s important to remember the era in which this question was asked? It All Started With a Girdle… But it’s important to remember the era in which this question was asked? It All Started With a Girdle… But it’s important to remember the era in which this question was asked? It All Started With a Girdle… But it’s important to remember the era in which this question was asked? It All Started With a Girdle… But it’s important to remember the era in which this question was asked? It All Started With a Girdle… But it’s important to remember the era in which this question was asked? It All Started With a Girdle… • They began to do the research • The standard market research missed the generational angle It All Started With a Girdle… • Older generation thought girdles were: – A statement of values – Something “nice” women wore – A necessity • Newer generation thought girdles were: – – – – Confining Stodgy Uncomfortable Inhibited freedom It All Started With a Girdle… • Older generation thought girdles were: – A statement of values – Something “nice” women wore – A necessity • Newer generation thought girdles were: – – – – Confining Stodgy Uncomfortable Inhibited freedom Generational Marketing Generational Marketing Poll • What do you think Betty Crocker learned when they turned to psychoanalysis to help solve their sales problem? – Younger women did not feel the product was geared toward them – Women felt guilty about using the product – Men didn’t want their wives to buy the product – Women did not know how to use the product Generational Marketing Generational Marketing Generational Marketing Generational Marketing Generational Marketing Poll • What do you think Segrams learned when they turned to psychoanalysis to help solve their sales problem? – The Boomer generation rebelled against their parents and preferred to the taste of beer – The Boomer generation could not afford the prices – The Boomer generation was impatient and did not want to learn to enjoy scotch Generational Marketing Generational Marketing Generational Marketing Generational Marketing So here’s what they found….. Generational Marketing Demographics consist of factual information and are void of any opinion or conclusion. Generational Marketing Demographics include the type of information that can be categorized and labeled – – – – – – – – – – – – – Age Race Gender Income Religion Education Career Memberships Types and number of credit cards used type of car Address size of residence (rented or owned) number of residents in the household. Generational Marketing • Psychographic information – a.k.a. IAO variable (interest, activities, and opinions), – Not quantitative and does not use simple numbers and figures. – based on a demographic profile, so it can only exist in the presence of a demographic Generational Marketing • Psychographic information, – a.k.a. IAO variable (interest, activities, and opinions), – Not quantitative and does not use simple numbers and figures. – based on a demographic profile, so it can only exist in the presence of a demographic • Classify the target market's feelings toward consumer goods – – – – what they want and why how they carry on their everyday lives what they value and most importantly how they make choices when it comes to what they purchase. Generational Marketing • Psychographic information, – a.k.a. IAO variable (interest, activities, and opinions), – Not quantitative and does not use simple numbers and figures. – based on a demographic profile, so it can only exist in the presence of a demographic • Classify the target market's feelings toward consumer goods – – – – what they want and why how they carry on their everyday lives what they value and most importantly how they make choices when it comes to what they purchase. • Psychographic analysis – lifestyle analysis – looks at all of the factors that make up a person's lifestyle. Generational Marketing Psychology and demographics combined and psycho-demographic research became the new norm… Poll • What generation do you belong to – – – – – – Millennial/ Gen Y (1980-1997) Gen X (1965-1979) Young Boomers (1955-1964) Older Boomers (1946-1954) Silent Generation (1929-1945) GI Generation (before 1928) Generational Marketing Generational Marketing Generational Marketing Think about the messages that you respond to… What type of messages appeal to you, what don’t? Generational Marketing Think about the messages that you respond to… What type of messages appeal to you, what don’t? What types of orgs you give to and which ones you don’t? What It Means to Philanthropy What It Means to Philanthropy Generational Marketing What It Means to Philanthropy The key to reaching individual donors in the increasingly diverse U.S. population is to understand their language and motivation Del Martin of Alexander Haas Martin & Partners. What It Means to Philanthropy The key to reaching individual donors in the increasingly diverse U.S. population is to understand their language and motivation Talk to the donor in the donor's language. It's going to be a different communication with a 70-year-old, Republican white male, than a 35-year-old gay man in a committed relationship in an urban setting, or a 45-yearold Catholic, Latino woman with six children whose husband is an illegal alien. Del Martin of Alexander Haas Martin & Partners. What It Means to Philanthropy “A nonprofit should look at its donors as part of its constituency, and care as much about them as it does the people its mission serves.” “The key to reaching individual donors in the increasingly diverse U.S. population is to understand their language and motivation” “Talk to the donor in the donor's language. It's going to be a different communication with a 70-year-old, Republican white male, than a 35-year-old gay man in a committed relationship in an urban setting, or a 45-yearold Catholic, Latino woman with six children whose husband is an illegal alien.” Del Martin of Alexander Haas Martin & Partners. What It Means to Philanthropy What It Means to Philanthropy “Impact of diversity on philanthropy can be "dialectical.“ Paul Schervish, Director, Center on Wealth and Philanthropy Professor, Department of Sociology Boston College What It Means to Philanthropy “Impact of diversity on philanthropy can be "dialectical.“ Paul Schervish, Director, Center on Wealth and Philanthropy Professor, Department of Sociology Boston College “The same forces that are fueling giving by more people and more diverse groups could result in a narrower group of donors if nonprofits "do not understand the trends and respond in an appropriate way," What It Means to Philanthropy “With the top five percent of Americans by wealth or income giving over 40 percent of all charitable dollars, often in multi-billion-dollar gifts, the remaining 95 percent of Americans might back away from charitable giving because of a perception that "the work of philanthropy is properly the realm of the extremely wealthy." What It Means to Philanthropy “With the top five percent of Americans by wealth or income giving over 40 percent of all charitable dollars, often in multi-billion-dollar gifts, the remaining 95 percent of Americans might back away from charitable giving because of a perception that "the work of philanthropy is properly the realm of the extremely wealthy." What It Means to Philanthropy “In addition to connecting donors with their diverse beneficiaries charities also face the challenge of competing effectively with a growing number of charities vying for an increasing pool of charitable dollars.” “That increasingly competitive charitable marketplace can create pressure on individual charities, prompting them to act as if they were entitled to donations” - Paul Schervish, Director, Center on Wealth and Philanthropy Professor, Department of Sociology Boston College From a Strategic Perspective What do your stakeholders look like? • Demographically • Psychographically What It Means to Philanthropy • FOR THE GRANT-MAKERS www.metgroup.com From a Strategic Perspective From a Strategic Perspective Are you still making girdles? • Review your mission from a stakeholder perspective • Think about how a stakeholder uses the messages you send From a Strategic Perspective The rest of the story….. It All Started With a Girdle Playtex today…. It All Started With a Girdle Thank you so much for joining this conversation! Thank you for attending! Stay tuned for: • Inclusive Competitiveness and Ohio’s Innovation Economy – Webinar: March 26th 12-1pm • Leading Through Change: Advice from and for Seasoned CEOs and Their Boards – Webinar: April 10th 2pm • Philanthropy Ohio’s Summer Institute – The Blackwell Center @ The Ohio State University on July 9th, 2014 Continue the Conversation www.facebook.com/philanthropyohio @philanthropyOH (hashtag: #POH)