Automatic Merchandiser

MAY 2014

Automatic Merchandiser serves the business management, marketing, technology and product information needs of its readers including vending operators, coffee service operators, product brokers, and product and equipment distributors in print.

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1233 Janesville Ave., P.O. Box 803, Fort Atkinson, WI 53538-0803 BUSINESS STAFF PUBLISHER Monique Terrazas Telephone: (920) 568-8386 E-mail: Monique.Terrazas@ VendingMarketWatch.com INTEGRATED MEDIA Ted Banach Telephone: (920) 568-8314 E-mail: Ted.Banach@ VendingMarketWatch.com LIST RENTAL Elizabeth Jackson Account Executive Merit Direct LLC Telephone: (847) 492-1350, ext. 18 E-mail: ejackson@meritdirect.com EUROPEAN SALES Julian Maddocks-Born Sales Director julian@itsluk.com, +44 (0)1442 230033 Benedict Hume Sales Manager benedict@itsluk.com +44 (0)1442 288287 EDITORIAL STAFF EDITOR Emily Refermat Telephone: (920) 563-1615 E-mail: Emily.Refermat @VendingMarketWatch.com ASSISTANT EDITOR Adrienne Zimmer Telephone: (920) 563-1651 E-mail: Adriennne.Zimmer @VendingMarketWatch.com SUPPORT STAFF ART DIRECTOR Erin Brown PRODUCTION DIRECTOR Steve Swick PRODUCTION SERVICES Barb Evenson Telephone: (920) 563-1629 Fax: (920) 568-2392 E-mail: Barb.Evenson@cygnus.com AUDIENCE DEVELOPMENT MANAGER Wendy Chady PUBLISHED AND COPYRIGHTED 2014 BY CHIEF EXECUTIVE OFFICER John French CHIEF FINANCIAL OFFICER Paul Bonaiuto EXECUTIVE VICE PRESIDENT Gloria Cosby VICE PRESIDENT, AUDIENCE DEVELOPMENT Julie Nachtigal VICE PRESIDENT, TECHNOLOGY Eric Kammerzelt VICE PRESIDENT PRODUCTION OPERATIONS Curt Pordes VICE PRESIDENT, HUMAN RESOURCES Ed Wood VICE PRESIDENT, MARKETING Gerry Whitty DIRECTOR OF DIGITAL BUSINESS DEVELOPMENT Lester Craft All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording or any information storage or retrieval system, without written permission from the publisher. Reprint Sales: For reprints and licensing please contact Nick Iademarco at Wright's Media 877-652-5295 ext. 102 or niademarco@ wrightsmedia.com. Subscription Policy: Individual subscriptions are available without charge in the U.S. to vending operators, coffee service operators, product brokers, and product and equipment distributors. Subscribe online at www.VendingMarketWatch.com. Publisher reserves the right to reject nonqualified subscribers. Individual subscriptions are available at the following rates: For one year, U.S. $35 ($70 for two-year subscription), Canada & Mexico $55 ($100 for two-year subscription); all other countries, payable in U.S. funds, drawn on U.S. Bank, $80 per year ($150 for two-year subscription). Single issues available (prepaid only) $10.00 each. Canadian GST# 131910168. For Change of Address or subscription information, click on subscribe at www.VendingMarketWatch.com, call toll-free 877-382-9187 or 847-559-7598 or email: circ. VendingMarketWatch@omeda.com AUTOMATIC MERCHANDISER (USPS 017-280) (ISSN 1061- 1797, print; ISSN 1948-5697, online) is published nine times per year: February, March, April, May, June, August, September, October and December by Cygnus Business Media. Periodicals postage paid at Fort Atkinson, WI and additional entry offices. POSTMASTER: Please send all change of address to AUTOMATIC MERCHANDISER, PO Box 3257, Northbrook, IL 60065-3257. Canada Post PM40612608. Return Undeliverable Canadian Addresses to: Automatic Merchandiser, PO Box 25542, London, ON N6C 6B2. Volume 56, Number 4 Printed in the U.S.A. CONSULTANT REPRESENTATIVE, ITSL MEDIA REPRESENTATIVE Bridging the generational gap It is possible to market to Baby Boomers and Millennials at the same time. ALL ages are interested in value. Facebook/VendingMarket @VendingMagazine http://linkd.in/VendingMarketWatch t may seem unlikely that Baby Boomers and Millennials share any commonali- ties. We hear a lot about the differences between the two generations and what they value. One of the most notable is technology. Two of the biggest changes to how the world works occurred as Millen- nials were growing up — the development of the Internet and the smartphone. AIM- sights Group, an international marketing consulting frm, compared the cre- ation of the Internet and the smartphone to the development of the Gutenberg press. It has been that signifcant. However, despite the differ- ences, both groups represent a large buying power. The 80 million Baby Boomers control 70 percent of the U.S.'s disposable income, but the 86 million Millennials are driving spending growth as they start to shop for themselves and their families. Marketing to both at once To market to both generations at once, it's important to focus on value. This is about quality and perception as much as it is about price point. The perception of a product matters, which leads us to the next divergence — food. While Boomers are focusing on better-for-you items, Millen- nials are all about gourmet and trends like gluten-free. Many times these two ideas can be the same food item, whether that's an arugula salad with homemade blue cheese dressing or a sophisticated (and high priced) sandwich on pretzel bread. Don't be afraid that technology will alienate either group. According to the AIM Insights, this is the frst time in his- tory that it's not just the older generation teaching the younger one. The Millenni- als have a specifc skill set that the Baby Boomers don't always have. The two groups are educating each other, giving them a cross over that no two other gen- erations can really claim. Selling service to Millennials Operators also need to consider Millenni- als as decision makers, not just as custom- ers. Many are moving up to management positions and gaining more responsibility. It's been said that Baby Boomers like personal service. They prefer in-person meetings in order to gauge a provider's character. This is much like the skepti- cal Millennial, who is online check- ing reviews and skimming a company Website before making any purchasing decision. The Millennials are interested in authenticity and not being stereotyped. Now, I'm not trying to claim that Mil- lennials and Baby Boomers are the same. However, there are some similarities you can use when crafting your sales program to target both groups. I 6 Automatic Merchandiser VendingMarketWatch.com May 2014 E D I T O R ' S N O T E B Y E M I L Y R E F E R M A T autm_6-7_0514Editor_F.indd 6 5/6/14 9:57 AM

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