The E-Mail Extinction Conundrum

OK – for all of you that are fans of The Big Bang Theory, yes I tried to title this piece like the writers of that show title their episodes.  Unfortunately though, I wasn’t able to connect with Jim Parsons (Emmy-winning actor that plays Sheldon Cooper on the show) so you’re stuck with me injecting my own brand of humor.

I have been talking to a lot of credit unions recently that are focusing more of their efforts on reaching younger generations.  It comes as no surprise that this is happening and I’ve discussed it before on this blog.  Many of these credit unions have formed focus groups with potential members and are asking great questions about what would make a 20-sometihng or 30-something join a credit union.  Many of the answers are what you would expect – convenience, technology, and innovation.

One answer that enlightened me; however, was the fact that a lot of young potential members do not see the value of e-mail.  In fact, many of them don’t use e-mail unless they have to at their places of employment.  For a Gen X-er like me, that is fascinating.  Remember – Gen X folks managed to get through elementary school, high school, puberty, etc. without cell phones, laptops, and yes….e-mail.  To us, e-mail was (and still is) a primary method for communicating with others.  Of course, we’ve bought into social media as well but we still use e-mail.

Apparently, this is not the case with many teenagers and 20-somethings. But I had to test theory this for myself.  I asked my 17 year old niece to give me her e-mail address.  She gave me the link to her Facebook page.  Same thing with my nephews and other people I know in their 20’s and even early 30’s.  After doing this, I was more sold than ever on the power of social media marketing.

One of my favorite topics to discuss with my clients or with conference attendees is the transition of marketing to electronic forms of advertising and communicating.  While the title of this piece suggests that e-mail is going away, I’m not necessarily convinced of that.  However, as I mentioned, I am convinced that in addition to e-mail marketing, credit unions must continue to create effective marketing and business development messages through social media.  We are being told repeatedly that social media has become the primary “influencer” for young people.  We need to listen and take that edict seriously.

I’m still a fan of e-mail though!

Have a great weekend!

 

 

Advertisements

About Your Full Potential, LLC

I am the President of Your Full Potential, LLC and the Founder of ABSURD! Leadership. I am a professional speaker and have addressed thousands of people throughout the United States and internationally on the topics of leadership, sales, service, business development, marketing, and strategy.
This entry was posted in Business Development, Credit Unions, Gen X, Gen Y, Marketing. Bookmark the permalink.

2 Responses to The E-Mail Extinction Conundrum

  1. John Godwin says:

    As always, Sean, you get me thinking. You’re apparently not the only email fan. There are approximately 1.9 B-illion (Is that better than saying “billion with a ‘b’?”) email users who send 294 B-illion emails EVERY DAY! 2.8 million (with an ‘m’) emails every second. I believe 293.8 billion out of the 294 billion daily emails come to my inbox.

    Thanks for yet another great read!

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s