Emerging Markets: Latino Market Grabs Attention

November 9, 2009 at 10:17 pm Leave a comment

Marketers’ heads are starting to turn toward new big game players. The Latino population’s high growth, changing labor profiles and purchasing power are making a noticeable difference in business demographics. According to the second annual Marketing Executives Networking Group (MENG) survey, Top Marketing Trends for 2009, the multicultural marketing trend was one of the top 20 rated marketing concepts most interesting and relevant to the majority of the marketing executives surveyed.

The U.S. Census Bureau reported that from 1990 to 2000 our Hispanic population increased by 12.9 million people. Moreover, this market accounted for almost one-half of our nation’s growth from 2000 to 2006. At nearly 15.5% of the total current United States population, their impact can be seen nationwide with 29% purchasing power in California, 18% in Texas, 10% in Florida, 8% in New York and 4% in Illinois.

In response to increasing requests from Latino prospects, Prisma Graphic added a team of bilingual sales professionals to meet the demand. As a member of the business community in general, we understand diversity is a necessity – diversity in our product, in our service offerings and in our people.

“Accommodating the needs of the Hispanic market has allowed us to better support the Arizona and US business markets with exceptional print marketing campaigns. We have seen significant growth since we have ‘cultured’ our services,” says Claudia Ochoa, Prisma Sales Representative. “If I were to sum it up, I think our progress is a direct result of continued involvement, dedication and good old-fashioned word of mouth.”

Claudia Ochoa and Ramon Tamayo are two of our bilingual Sales Representatives. Fluent in Spanish and English, they have both worked hard to reach out to the Hispanic community. We have since secured business with clients such as the Arizona-Mexico Commission and Latino Perspectives, a local entertainment and news magazine.

In a country where demographics continue to evolve, technologies develop, and communities expand, one thing is for sure – businesses must change along with them if they expect to remain relevant in the near future.

To find out how Prisma Graphic can help serve your multicultural marketing efforts, call 800 379-5777 and ask to speak to Claudia Ochoa  claudiao@prismagraphic.com .

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