Questions

Are young adults (20-30 years old) willing to pay to learn their passion or purpose?

3answers

In my experience working with this age group as a coach, adults in this age group are very interested in connecting to their purpose and passion. They are willing to pay. However, how much is the real question.

A marketing study using a conjoint analysis would shed some light on how much this age group values connecting with their purpose and what their willing to pay. This type of analysis presents combinations of attributes to survey participants and asks them to rank them. Comparing the attribute sets yields insights into the attributes and combinations.

As an example, I conducted a market study of young adult preferences to costs and incentives related to rental units. Each participant was presented combinations of rental location, rate, and incentive then asked to rank them. After combining demographic data with the results, I was able to determine how much above the average rate renters were willing to pay specific location types and incentives. Insights into location weren't surprising: all segments were willing to pay for coastal units. What was interesting? Most renters were willing to pay for non-cash incentives like landscaping or housekeeping services.

Let me know if you'd like to talk more about conjoint analysis or market research in this area.


Answered a year ago

Yes and No both. No, if the information isn't freely available on the internet and Yes, if it's not available on the internet. People buy books, right? That shows that they pay to learn.


Answered a year ago

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