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How Much Money is Your Company Leaving on the Table by Not Reaching the Disability Market?

August 4, 2015

Image of a man walking away from a table with stacks of money on itLet’s provide some context for the size and scope of the opportunity to reach the disability market. Tweens (ages 8-12) are 21 million strong, spend an estimated $30 billion annually and influence $150 billion of their parents’ spending. That’s a total of $180 billion that is spent directly linked to the tween market.

The disability market, by comparison, is 56 million and the market’s aggregate disposable income is $540 billion. When we include family and friends who have an affinity for disability, that numbers swells by 105 million and the aggregate disposable income grows to $3.9 trillion (Source: Return on Disability Group).

We’ve found that friends and family react strongly and emotionally to direct, as well as subtle, cues that connect brands to the disability community. They change their buying behavior and ‘preach’ their loyalty passionately. These folks become brand ambassadors and lifetime customers.

In weaving a disability message into brand experiences, firms engage at a basic, powerful emotional level. Smart brands will adapt to the changing demands of boomers, the wealthiest demographic in human history.

To figure out what this is costing your company we are going to do a little exercise.

  • Write down the average sale/s for 1 customer of your company, if you know it.
  • Write down the estimated number of customers your company has.
  • Divide that number by 5. 1 in 5 people have a disability. That is the average number sales your company is receiving from the market, by default. What would happen if you intentionally tried to reach them?

What money are you leaving on the table? It’s time to make a change that impacts your bottom-line. Forget altruism – while that’s nice. Reaching consumers with disabilities is about business. Period.

Ready to get started? Contact Celeste Beaty at cbeaty@disability-marketing.com to schedule a 30-min consultation with Solutions Marketing Group.

Filed Under: SMG Tip Leave a Comment

Tags: disability marketing, marketing

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hand-drawn graph showing increasing bars and a stack of moneySMG Tip: Make a Smart Budgeting Choice for 2016 Understanding the Market
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SMG Tip: Disability Marketing is for Small Business, Too!

July 7, 2015

Did you know that small businesses make up 23% all business in the U.S., but they employ 50% of the working population? In an environment where companies – large and small – are trying to be heard and seen in a crowded marketplace, small businesses have an opportunity to stand out when reaching an untapped consumer group – people who have disabilities, their families and friends.

The truth is that people who have disabilities and their family and friends need the same products and services as non-disabled people. So if you own a carpet cleaning business, a service station, beauty salon, or dry cleaner, there are some things you can do to connect with this market to build a life-long relationship with them. The payoff is big and can result in increasing impact and your company’s income. We suggest small businesses consider micro targeting the disability market so the impact can be measured and you understand what works.

Here are a few tips to get you started:

Define your Ideal Audience
One in 5 people have some sort of disability or chronic health condition, according to the US Census. It’s safe to say that many people are your email list, or that come into your business are, or have someone in their lives who has a disability. Find out which of your existing customers is impacted by disability. Find out what’s important to them and zero in on creating your product/service offering on the right niche of consumers. It may be parents who have a child with a disability, or adult children who are primary caregivers for aging parents. We suggest you get as specific as you can and target your ideal customer.

Determine How to Find Them
Once you’ve identified your ideal customer/s, it’s important to know where they hang out or congregate. One tip is to identify many disability organizations in your city or region and contact them. Or, you may consider contacting the school districts where you live and building relationships with the Special Education department to begin the process of being a trusted company for families to rely upon. This process may take time to nurture, but it’s the best way to build credibility, by gaining access to your ideal customers through a trusted organization.

Provide Unique Value
Nobody likes to just be sold to. Determine what your company can do to provide unique value for customers who are impacted by disability. You may include information on your website, or host a day for them where they can obtain value-added information that is unique to their circumstances. Whatever it is, be sure to provide content (on your website or your email list) or an additional service that is life enhancing. For example, if you are a dentist and you specialize in providing caring services for kids with developmental disabilities and oral aversions, you may provide an email that includes dental hygiene for the kid who doesn’t want a toothbrush in his/her mouth.

Or, if you own a hair salon you may consider targeting Mothers who have kids with autism or other developmental disabilities. You know that these women want to be pampered like Moms of typical kids. You could reach them through schools, or local disability organizations and dedicate a Saturday each month where they and their kids can come in and get their hair cut in a safe environment where they won’t be stared at, and any behavioral challenges are handled well.

Be Consistent
Lastly, the key to successfully reach and serve customers with disabilities is to be consistent by creating a schedule that keeps your efforts on target. Start by adding value and building the relationship. Once customers have a good experience with your company, they will tell their friends.

Gaining a new customer base doesn’t happen overnight. But with just a little effort, your business can gain a new, loyal customer base. Ready to get started? Contact Celeste Beaty at cbeaty@disability-marketing.com to schedule a 30-min consultation with Solutions Marketing Group.

Filed Under: SMG Tip Leave a Comment

Tags: disability marketing, marketing, small business

find this post helpful? Try these:

Image of a man walking away from a table with stacks of money on itHow Much Money is Your Company Leaving on the Table by Not Reaching the Disability Market? hand-drawn graph showing increasing bars and a stack of moneySMG Tip: Make a Smart Budgeting Choice for 2016
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Quick Facts

The disability market consists of 56M people, representing an annual disposable income of $544 billion.

The disability market is more than twice as large as the tween market (20M), and has almost 3X the disposable spending power ($180B).

According to the U.S. Census Bureau, of the 69.6 million families in the U.S., 20.3 million families have at least one member with a disability.

A University of Massachusetts Boston survey found 92% of consumers felt favorably toward companies hiring people with disabilities; 87% prefer to do business with such companies.

By the year 2030, 71.5 million Baby Boomers will be over the age of 65 and demanding products, services, and environments that address their age-related physical changes.

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