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Hispanic
Marketing is a growing demographic marketing segment. From 1990 to 2000, the Hispanic
population surged from 22.4 million to 32.8 million -- an astonishing
58% over a 10 year time span. In 2008 the population was at 46.6
million, with the number projected to reach 53 million by 2013. The number
of Hispanics here in the U.S.A. is
greater than the entire population of Canada, and accounts for 1 in every 7
Americans. By 2013 this number is expected to change, with
projections that 1 in every 6 persons will be Hispanic.
When developing a marketing strategy to
reach Hispanics and Latinos, cultural awareness is key.
Different generations of Latinos different levels of
acculturation. New immigrants can also include persons with
advanced degrees and who are highly bilingual and whose lifestyle
and interests as consumers may differ from other immigrants.
Knowing what language to use to reach in Hispanic/Latino marketing
is also important, as there is a growing in-English segment.
As with the Asian American community, also understanding in-culture
nuances is also important in marketing to Hispanics and Latinos.
Recent demographic studies indicate that the English dominant
segments are not only growing, but are not as effectively reached in
Spanish as the Immigrant and first generation Hispanic and Latino
populations. The rapidly growing third generation of Hispanics
may have bilingual abilities but will be English dominant, according
to recent published studies. This would indicate that this
segment will be more effectively reached in English, but
in-culture.
Chicago
hosts a complex Hispanic population of ethnic subcultures from
Mexico, Puerto Rico, Cuba, and Latin America. Chicago ranks 3rd
in the nation as far as cities with the highest Hispanic population.
In Chicago, 26% of the population is Hispanic. Chicago's Hispanic
population is richly diverse, with native born and immigrants from
Ecuador, Peru, Argentina, Bolivia, Columbia, Guatemala and other
South and Central American countries.
Hispanic
Buying Expenditures
Hispanic households spend
more on groceries, telephone services, clothing, footwear and gas and motor
oil, and a higher proportion of money on housing and vehicle purchases.
Expenditures are about the same in proportion to total outlays as
non-Hispanics on restaurants, housekeeping, supplies, furniture, appliances,
household textiles, public transportation and personal care products and
services.
Hispanic
Marketing Campaigns that work in-Culture
Hispanics and Latinos have shaped and
influenced popular culture in ways from food to entertainment and other
aspects of American popular culture.
From burritos, and salsa to
high profile Hispanic celebrities including Banderas, Salma Hayek, Marc
Anthony, Adam Rodriguez, and Ricky Martin, not to mention J Lo, Hispanics have
become more visible and more recognized as a viable economic consumer group.
Effectively marketing to Latinos and Hispanics goes beyond translating packaging into Spanish, as each
market segment has it's own nuances of acculturation and subcultures, as
well as generational differences. English dominant Latinos have their
own in-culture subcultures, which also differs from targeting these groups
as if they were part of the dominant culture. Understanding these subtleties can
make the difference between effective or ineffective reach and conversion.
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Cultural Marketing PR offers tactical effectiveness to reach this market by
employing:
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- Strategic
advertisement placements at popular culture events
- Client
sponsorship of popular culture events
- Product
promotion, placement, and integration of products with media,
film, television and theatre professionals.
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