writtenagain.com writtenagain.com
Site Home :> About Us :> Place Your Link :> Privacy Policy :> Terms of Use :> Submit Article
Search:   
Get 3 way links
 

Research & Science

Finance & Banking

Health & Therapy

Home Family & Garden

Games & Play

Automotive

Teens & Kids

Art & Culture

Eating & Drinking

Travel & Vacation

Healthcare & Medicine

Fashion & Relationships

Issues & News

Business & Services

Self Help

Recreation

Property & Estate

Society & Issues

Careers & Employment

Politics & Government

Academics & Education

Shopping Online

Adventure & Sports

Software & Networking

 

  Site Home » Business & Services » Marketing
   
 

Hispanic Market Reality and Purchasing Power

   
Author: Lance Winslow
 

How many Hispanic people live in the US currently. Well there are 35.2 million who are here legally and have 100% undebatable legal rights. Of that 35 million; 59.8% were born here or 21.1 million. There are 40.2% here legally who were foreign born or 14.1 million.

That is a hell of a lot of potential customers, isn't it? You could actually have a business and only cater to the Hispanic Crowd to stay in business, think about it?

There are Women only clothing businesses, then there are businesses that only cater to over weight women, with large sizes, which you may say limits your market, right? Is it just that we in the automotive business are so darn lucky to have a business that has more cars than people in it?

Did you know in some states there are 2.2 cars for every man, woman and child? CA is one of them. For every kid there is a police car, school bus, Fed Ex van USPS jeep, think about it. Cars, boats, motor homes, motorcycles, etc. everywhere on every street all needing oil changes, wow. There is an interesting book that you should read if you do not comprehend what I am saying here; "The Hispanic Middle Class Comes of Age" and also read; "Latinos INC.: The Marketing and Making of a People" BY Arlene Davila. Also if you think I am blowing smoke, then you have not been paying attention, check out this web site, they are serious and hungry and they are well on their way to showing us how to pursue our own American Dreams;

http://www.hispanicbusiness.com

Did you know that of the 59.8% of the 35 million Hispanic US Born Citizens 68.7% cannot write or even read in Spanish. Sure they can speak parts of it, but do not kid your self they are as American as the rest of us. After all the largest part of our melting pot came here between 1890s and 1960s. 45% of these people speak English only at home. Only 8.8% speak only Spanish at home, do you get my point so far? 37.7% speak both at home, comfortable with both and can easily assist you if they are in your shop as a foreman or manager, Thus proving why they are able to move up to middle class so fast, you need them and they need you. We need not self-segregate, since the strength of this nation is all about melting and working together. In ages of 14-24 57% do prefer to speak English. The average Hispanic individual spends 17 hours a week watching all English TV, 16 hours a week listening to all English radio, 5 hours reading English media, magazines, ads, newspapers and Auto Traders?

Out of the 197.1 million Internet users 17.6 are Hispanic. 8.1 Billion in online sales annually come from Hispanic buyers. Bilingual Hispanic consumers spend are you ready for this? 398 Billion a year. English only Hispanic consumers 88 Billion, Spanish only speaking Hispanic consumers 43 Billion. What about the future? The Hispanic segment with their strong and close family ties reproduce faster than any other group, nearly 3xs the number as other segments and in 10 years these expenditures are expected to double and then in 15 years quadruple. So think about what this means in terms of your business growth, labor force and future market competitors. Pay attention, do not neglect your customers, their needs or their money flow.

 
 
 

Related Articles

 
Blowing Away Customer Expectations; A Bit of Advice
 
Building a Strong Business Relationship
 
How to Structure a Good Bonus Plan
 
The Internet, To Make Money With!
 
The Full Adsense Formula
 
Do you Have a Hobby Or a Business?
 
Are Your Sales On The Up?
 
How To Improve Your Voice
 
Before You Buy Accounting Software for Your Small Business
 
Selling On The Net
 
 
 
Site Home :> Privacy Policy :> Terms of Use
© 2008 www.writtenagain.com All Rights Reserved.