A co-worker sent around an interesting video of Simon Sinek speaking at the 2009 TED seminar. In the piece, Sinek explained his ‘golden circle’ theory: Most businesses market their products by first telling consumers “what” the company offers, then “how” they make it different, and lastly telling them the “why” behind the company.
Sinek contends that the most successful companies communicate to consumers using the completely opposite approach. The best companies explain the “why” behind their organization, then talk about “how” the product they offer delivers on that “why,” before finally getting to the “what” of all the product features. According to Sinek, this is more effective, because it speaks more directly to how consumers make buying decisions. It also helps consumers understand that they believe the same things as your organization does.
I can’t do justice to the entire rationale of the presentation in this space, so I’d suggest you watch it for yourself here. But I do think the concept has serious merit when it comes to senior living marketing, especially for CCRCs. Consider Sinek’s theory in relation to the three most common objections to moving to a CCRC:
• “I’m not ready yet.”
• “I don’t want to live around old people.”
• “It costs too much.”
What do these three objections all have in common? They are all value statements about why someone doesn’t want to move to a CCRC. They have very little to do with the actual physical community and its features. In fact, by the time you hear these objections, the consumer generally has already seen for themselves or been presented a full list of amenities. They get “what” the CCRC is, they just don’t get “why” they should move. Let’s look at the objections one at a time:
“I’m not ready yet.” This statement recognizes that the product is necessary and has value as the consumer ages. But the consumer is saying they don’t see “why” they should give up their current lifestyle to make the investment right now. Telling the consumer you have multiple dining venues, a state-of-the-art fitness center and scheduled transportation doesn’t overcome this objection. You have to talk about why the community offers independent living to begin with – so residents can get more from their vibrant, independent lifestyle, extending it instead of surrendering it.
“I don’t want to live around old people.” This statement is the consumer’s way of saying, “I’m scared of seeing what my future might bring, so don’t remind me of it each day.” Again, talking about what you deliver — quality, personalized skilled nursing and memory support care — won’t overcome this objection, it will raise it. You have to discuss how CCRCs are designed to keep the consumer from becoming one of those “old people” they don’t want to live around. At a CCRC, you get wellness and fitness programs that help you stay healthy, and therefore, independent. You get social events that keep you engaged instead of becoming isolated. You can attend cultural and educational events to keep your mind focused and sharp. In short, a CCRC lifestyle is conducive to feeling and acting younger, not aging faster.
“It costs too much.” The consumer is saying one of two things. The first is that they actually do not have the financial resources to pay the costs. So this group isn’t ever buying from you, simply because they can’t.
The second group is saying, “I don’t see the value for what I have to pay.” This group will actually buy from you if they believe their money is being well spent. So will they be able to better justify the expense by knowing your chef offers an exceptional dining experience? This group can afford to buy a nice dinner whenever they want it at a number of places around town. Or do they need to hear that they’ll meet a wide variety of other interesting people to dine with each evening? Most seniors consider friends to be priceless, especially as their social circle shrinks.
I think Sinek’s point is well taken when you look at your CCRC marketing materials. Everyone has a list of “what” elements their community offers. But does that list really include the elements that are going to motivate someone to move in? Or do you need to first establish the person’s buy-in as to “why” a CCRC matches their lifestyle, values and goals for the future?