Researchers at Newcastle University, Monash University, University of New South Wales, and Hong Kong Polytechnic University document more of this thinking. A group of consumers ages 18-25 years and a group of consumers ages 60 years and above were asked how likely they’d be to purchase a bottle of hand soap on sale. For some of the participants in each age group, the promotion was on price: 25% off the regular price. For the others, the promotion was on product volume: 25% more soap for the same price.
With the price-based promotion, both groups expressed about the same degree of purchase interest. With the product volume promotion, older participants expressed significantly lower purchase intention than did younger participants. Evidence is this was due to older participants feeling they had limited lifespan ahead.
A 25% price discount amounts to less price per ounce than does a 25% increase in volume. Maybe the older consumers in the study were acting wisely without knowing it. However, getting the greater volume might be the better choice for the elderly adult. Shopping becomes more of a burden as we age, and having larger quantities could decrease the frequency of shopping transactions. As long as the elderly shopper has room to store the package and the merchandise is not highly perishable, we could be doing a service by encouraging purchase of a larger quantity at the same price.
Moreover, selling larger package sizes benefits the retailer. The researchers note prior studies finding that price-based promotions often lower the consumer’s perception of quality, while volume-based promotions increase perceptions of longer product value.
Based on their findings, the researchers suggest some techniques to nudge older shoppers toward prizing product volume promotions. These derive from the idea of sharing consumption of the purchase with others, which satisfies the desire for socialization among older adults. Suggestions include offering “Buy One, Get One for Free” and labeling the container “Party Size.”
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Help Seniors to Shop Early





