What is the U.S Ethnic Market?
According to a report from the U. S. Department of Commerce,
"Minority Purchasing Power: 2000 to 2045," this fastest growing
part of the U.S. population is made up of Black or African
Americans, Hispanics or Latin Americans, and Asian-Americans.
Why are Ethnic Markets Important?
Various communities in the
ethnic market are experiencing unprecedented growth, both
numerically and financially, composing prime consumer markets
that are largely underserved. A few facts that make ethnic
markets a veritable gold mine are:
- African Americans earned
$543 billion in 2000, and their buying power is expected increase
to $682 billion in the next five years.
- More than 1 million
Hispanics report an income of $75,000 or more and Hispanics
are on track to become the country's largest ethnic population
- Asian-American households have a 30% higher median income
than the general population and the highest college graduation
rate at 65%.
Why You Need a Skilled Partner like MZInc to reach Lucrative
Ethnic Markets
Each ethnic market responds in specific ways to marketing
communications based on factors unique to the population's
culture, language, and level of acculturation to mainstream
American society. Creating communication without a thorough
comprehension of the cultural meanings, idioms, and idiosyncrasies
results in messages that are an ineffective waste of money
at best, or offensive and harmful to your brand image at worst.
Click here to contact
MZInc for a complimentary consultation on how we can work
with you to achieve your objectives.
Leveraging Your Website
for Ethnic Audiences
To reach ethnic markets made more available by the connectivity
of the Internet, companies are recognizing the value of leveraging
their current websites to speak to millions of potential new
customers in domestic ethnic markets in effective ways.
MZInc not only speaks
Spanish,
we understand the linguistic and cultural differences between
the various Hispanic and Latin American populations.MZInc's
comprehensive Spanish language services, from media placement
to concept development, connect its clients with the quickly
expanding U.S. Latino Market.
Why MZInc believes
in the Asian Market
MZInc Chinese Language
Services Reach Both US and International Chinese Markets
MZInc offers American CEO's free exposure to 900 million Chinese
viewers. In addition to creative services offered in Mandarin
and Cantonese, MZInc's media placement for domestic Chinese
audiences ensures that our clients' message is received loud
and clear.
MZInc Knows Why and
How to Reach the Asian-American Market...Do You?
MZInc's multi-cultural staff is adept at producing ethno-centric
communications for several Asian-American ethnicities including
Asian Indian, Filipino, Korean, Chinese, and Vietnamese. Each
of these cultures has its own distinct sensitivities, media
channels, preferences, and of course, language. MZInc reaches
each with the ease of a native.
Community-based Grass-Roots Marketing
Form profitable relationships with the 66% of the US population
that is female and/or ethnic by implementing the marketing
technique that is fast becoming the preferred method for corporations
to build credibility, promote key brands, and demonstrate
why doing good is good for business!
African-American Market
The African-American market is larger, more affluent, and
more diverse than ever before, encompassing every age, lifestyle,
income, and geographic region. While marketing to African-American
consumers is essential, assuming that it's a monolithic audience
will result in an off-target marketing campaign that's sure
to under perform.
Click on the links below to learn more about MZInc's expertise
in branding and media placement with these case studies on
marketing urban fashion labels.
MZInc
Creates Blazin' Ad Campaign for PG Sport's Phat Gear
MZInc
Creates Attention Grabbing Ad by Flippin' the Script
MZInc
Brands the Spire Label Right, Keeping the Focus on Fashion
Tight.
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