Nearly 30% of the 70 million American families have at least one family
member with a disability. The disability market, which includes
customers with disabilities and their extended networks (family members,
friends, colleagues, support service providers, etc.), represents
a trillion
dollar market segment. Like other market segments, they
purchase products and services from companies that best understand
and meet their needs. This marketing opportunity spans beyond
the disability market. A recent
pollby the University of Massachusetts found that 87%
of Americans surveyed say they prefer to patronize businesses that
hire people with disabilities.
Capitalizing on New Market Opportunities
- According to Market
Research.com, 54 million Americans with disabilities represent
the third largest market segment behind Baby Boomers and the mature
market, placing them ahead of Hispanics, African Americans, Gen
X, teens, and Asian Americans.
- Of people
with disabilities:
- 73% are heads of households
- 48% are principal shoppers
- 58% own their own homes
- There are approximately 24 million disabled veterans, including
the 180,000
service members returning from the war on terrorism.
Employers recognize that mirroring the market attracts a wider customer
base and increases market share. So what better way to engage this
significant market segment than through the insight, talents and skills
of employees with disabilities? A diverse workforce can lead to an
increased market share, whereas lack of diversity can lead to a reduced
market share. When you recruit and retain employees with disabilities,
you increase your opportunity to gain a lasting customer base, the
disability market.
Developing New Products and Services
Employees with disabilities are important team members in designing
and developing new products and services with market viability. Through
their experiences, perspectives, and needs, employees with disabilities
bring innovative ideas to design new products and to identify new
market opportunities for existing products and services.
Employees with disabilities contribute to the creativity of an organization in developing
products and services with a broad customer appeal. They bring a perspective about
how customers with disabilities perceive and interact with your products, which can
be valuable in improving or identifying new features (e.g., cell phone and computer
features), and help identify new products (e.g., the Segway).
|