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Ethnic, cultural or multicultural
marketing strategies are campaigns that
effectively
reach minority subcultures in the United States. Our scope involves the
major Census groups: Asian American,
Native American, African American, and Hispanic/Latino. Multicultural marketing does not
focus on non-English languages as a key tactic, because the complexities of
reaching these population segments involves understanding each group's popular
culture, which translates to effectively integrating your brands into ethnic
popular culture.
Visible
minorities have been here for many generations: Asian Americans have been
here since the middle 1800s, well before the arrival of other European
immigrants. Latinos have been here well before the 1800s; much of
the United States was Mexican land that was lost to the United States after the
Treaty of Guadalupe in 1848. Both population groups are comprised of
segments of not only new immigrants who frequently are more comfortable with
languages other than English, but are also comprised of generations of native
born Americans who may have varying degrees of bilingual proficiency, or none at
all and are English speaking only. This latter group can be further
segmented into different categories, often more affluent and who also require
in-culture marketing to reach them in an effective manner.
Highly
acculturated groups tend to also be more affluent than their founding immigrant
ancestors, which makes reaching them smart business. To be effective, ethnic multicultural marketing strategy
requires understanding the psychographics each group cultures, to comprehend in-culture nuances and subtleties. Whether you are Asian American, Latino/Hispanic,
African American or First Nation seeking
to market to other visible minorities or to the general market, Cultural
Marketing Communications can help you. These segments are among the
fastest growing and most youthful
markets in the economy, far beyond that of the general market.
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Importance of Ethnic multicultural markets
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The 2000 US Census showed an explosive population increase in
ethnic multicultural markets. The US Commerce Department
reports also indicate major population shifts: as of
Census 2000, African Americans, Hispanics and Asians account
for 79 million out of 281 million Americans. Buying
power is the total personal income of
residents available after taxes that can be spent on goods and services,
otherwise thought of as disposable personal income. Total buying power of
ethnic multicultural markets
from African Americans, Asian Americans, Hispanics and Native Americans have
been projected at $2.3 trillion by 2007.
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Trends Another segment of ethnic
multicultural marketing is the significant impact in buying
power of a rapidly growing, youthful population of people of
mixed race. The younger demographic generation of this
heterogeneous segment is projected to not only change the way we
view race and ethnicity in America but with increasing
population numbers will further impact consumer products in
ethnic multicultural markets.
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The Selig Center for Economic Growth
indicates buying power for 1990-2013 for ethnic multicultural markets
indicate formidable economic clout. Their projections for 2013 are that
these population segments will have an economic clout (buying power) of:
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African Americans, $1,239.5 billion
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Native Americans, $84.6 billion
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Asian Americans, $752.2 billion
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Hispanics, $1.4 trillion
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Multiracial, $141.2 billion
The Selig report indicates that the buying power
of just the Hispanic and African American market alone "are larger
than the entire economies of all but thirteen countries in the
world." The buying power of the un-segmented General Market
is estimated to be at 11.8 trillion.
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Internet Trends are provided
where available, for Asian Americans, Hispanics and African
Americans. There is a dearth of data available for
American Indian Internet users, although the plethora of
websites, blogs and often university sponsored websites on First
Nation as well as tribal indicate Internet and technology
adoption by Native Americans.
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