| company.
Here’s why:
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The Latino market is young.
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The Latino market resides in larger family
groups – households are more likely to be comprised
of couples with children under age 18, and they often
include extended families with three wage earners. |
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Latinos’ larger families with young
children mean Latinos purchase more household goods –
Latinos will drive nearly one-third of the growth in food
sales through 2005. |
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85% of Latinos are willing to pay more
for quality and prefer to buy a more expensive but trusted
brand rather than a less expensive but unfamiliar brand. |
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94% of Latinos are likely to buy a brand
that provides the best customer service. |
For more market statistics, please call Latino
Family at 310-349-8188, ext. 105.
Latino Family Media
helps our clients identify and recognize regionality and diversity
It’s a tremendous mistake to consider
the U.S. Latino market one market, and it’s a mistake
made by most companies as they scramble to reach out to this
important segment of the U.S. market quickly, often taking
“short cuts” to talk to all U.S. Latinos as if
they are the same.
More importantly, it’s a mistake to produce
a “national” campaign that doesn’t address
regional and cultural differences. For example, family size,
education and income levels differ greatly from market to
market. In markets that are primarily Mexican, such as Southern
California and Texas, there are high birth rates and large
families. In markets such as primarily Cuban Miami there are
much lower birth rates and smaller families.
Because many countries have language differences
(i.e. three Latin American countries have three different
words for beans), it’s important to identify your target
Latino audience before beginning your marketing program.
Many companies focus on the “top five”
U.S. markets, when emerging Latino markets may provide faster
results. Latino Family Media can produce market reports to
help you determine the best strategy.
For market research and market reports, call
310-349-8188, ext. 105.
Market Through the
Community for the Most Effective Results
Because family and family values are at the
forefront of Latinos’ lives, ad campaigns must support
parental authority and family unity. Particularly in the Latino
community, word-of-mouth plays the most vital role, too, so
companies need to carve out an important part of their budgets
for grass-roots public relations and community
events.
Families can be supported by your company through
local festivals and events like Latino Family Media’s
Las
Madres de Honor, or using a controlled program
to support a word-of-mouth campaign through an organized Promotora
program.
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Spending your entire budget
on television and radio without addressing families through
the community may create distrust among your potential
customers. |
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