The DINK demographic usually has more time and money to spend on themselves, so it’s worthwhile to explore the dual-income, no-kids market.
Everybody has heard of the Gen Z, Gen X, Millennial, Baby Boomer, and Greatest Generation. However, the DINK demographic, short for Dual Income and No Kids, has now entered marketing lingo. Since any audience development agency may presume that many couples without kids have more time and disposable income than those with larger families, they’ve become a prime target for consumer marketing.
How an audience development agency develops brand personas for the DINK demographic
DINK refers to two-income couples who have chosen not to have children. It doesn’t necessarily mean these couples belong a specific age or income group; however, marketers may tend to mostly picture them as Millennials with decent salaries.
As for why they’re often associated with Millennials, just last year, even before the COVID crisis, Business Insider mentioned that the U.S. birthrate had declined to its lowest in three decades. A survey attributed the decline mostly to Millennials’ uncertainty about the future.
Since the Millennial generation has grown to become the majority of the workforce, they get a lot of attention from marketers anyway. Still, sometimes DINK can refer to members of other generations, even Baby Boomers who are empty nesters.
Digging deeper into the DINK generation
If some DINK couples decide they’re not ready for parenting, they appear fairly eager for other kinds of experiences. While nobody should try to put all dual-income-no-children couples in one basket, marketers can enjoy great success with this group as a target market with the right approach and product.
From the perspective of an audience insights agency, marketers should consider these general observations to succeed with the market:
1. Research target audience demographics
Some DINK couples may choose to skip parenthood because they feel uncertain or are simply unwilling to give up their freedom. However, in other cases, the idea of parenthood might not appeal to them or even be possible. Many even choose to delay parenthood but consider it a possibility in the future. That’s why an audience targeting agency should conduct research on specific target market demographics and behavior to better understand their likely audience in order to develop useful buyer personas.
2. Consider marketing innovative products, services, or businesses
Even though a DINK couple might not feel ready to make a lifelong commitment of parenthood, they generally tend to be early adapters and interested in innovation. They may also have more time and money to learn about and experience new things.
Even if one product doesn’t appear terribly innovative, it’s good to focus upon any fresh or transformative aspects of the business. As an example, several vitamin companies have developed successful apps that help customers figure out which of their brand of supplements will benefit their customer’s health the most.
3. Promote company values
In contrast to the image of a DINK couple as very focused upon themselves, many use some of their extra time to volunteer and stay current with social issues. As a generation, most Millennials appear to care about patronizing businesses that share their values. An audience development agency should consider this trait as they develop a picture of their market and the marketing message they intend to send to them.
4. How certain markets may appeal to potential traits of a DINK audience
This list explains some of the types of markets that might appeal to a DINK audience:
- Luxury goods: This market tends to like to share their experiences and not mind paying for value. Nice cars, high-quality, gourmet food, and similar luxury goods can reflect well on them in their own eyes and that of their social circle.
- Things to do with spare time: Without the demands of getting kids to bed or scheduling babysitters, leisure activities may attract couples without kids. They might take the chance to buy a boat or learn to cook their own gourmet meals.
- Travel: Couples without children might have an easier time scheduling vacations because they won’t need to book things around school and kid’s activities. They’re also likely to travel further and not need to skimp on a budget vacation because it’s just the two of them.
- Experiences: Again, innovative experiences will tend to attract DINK couples, and that might include anything from new entertainment and museum special events to a home automation system or solar panels. If the business must market something more ordinary, like soup mix, perhaps they could incorporate a message about eco-friendly packaging or service projects the business supports to demonstrate their corporate values.
Why market to the DINK demographic?
Forgoing parenthood and having both partners in a marriage work does not necessarily mean a couple enjoys a high income. Still, people without children may also be able to save money over their parenting peers. They may buy or rent smaller houses and apartments and don’t need to share disposable income with kids. Also, dual-income, no-children families may have more free time to enjoy some of the finer things and more energy to invest in learning about them. Having time and money can make them an excellent target market for the right businesses.