Have You Considered Hispanic Marketing?
At BC Media & Associates we have seen a large increase in our clients marketing to the Hispanic community across all media outlets in fact Hispanic radio and TV campaigns are beating out their English speaking counterparts. We have seen this in a wide variety of industries including financial, recruiting, franchising,legal, real estate and more!
Here are some facts
- There are 57 million people in the U.S. Hispanic market.
- They represent more than $1.3 trillion in purchasing power.
- Eighty-three percent of U.S. adults in Hispanic TV households speak some level of Spanish in the home, with 52 percent speaking mostly or only Spanish.1
You can make a much bigger impact with a targeted Spanish language campaign tailored to the Hispanic consumer. Maybe you’re cautious about targeting this demographic. Maybe you’re afraid you don’t fully understand the Hispanic consumer. I’m going to highlight some factors to consider.
How to reach Hispanic audiences
1. Define your brand’s potential. Determine your specific goals and objectives: How do you want the Hispanic consumer to perceive your brand? Identify the challenges within the Hispanic market (these can differ significantly from the English-speaking audience) and consider which players are currently active. Last year, companies invested $7.83 billion in U.S. Hispanic major-media, including TV, cable, newspaper, magazines and radio. If that includes any of your direct competitors, shouldn’t you add your voice to the market?
2. Understand the Hispanic landscape. Cultural background, age, attitudes, behaviors and belief systems all shape the Hispanic population. It’s important to create strategies that are hyper-local, because market size, purchasing power, age, acculturation and consumption channels differ depending on geography. Currently, the top Hispanic markets include Los Angeles, Houston, Dallas-Fort Worth and Chicago.
3. Reach Hispanics where they are. Brands often treat the Hispanic market as an extension of their current overall strategy, but the Hispanic consumer deserves to be treated with more attention and respect. This means creating an integrated media mix with traditional media as well as digital; broadcast remains a favorite among Hispanics when compared to the total U.S. population.
- Terrestrial radio: 41.3 million Hispanics tuned into weekly radio in September, up from 40.1 million Hispanics during the same period a year ago, and a sizable increase from 39 million in 2012. Regional Mexican remains the favorite format, midday the most popular day-part and listenership occurs out of home.
- Online radio: Platforms such as Pandora continue to gain Hispanic consumers. One in four listeners are Hispanic, and seven in 10 Hispanics bought a product advertised on internet radio.
- Social platforms: It’s safe to assume Hispanics love social media; 26 million are on Facebook, 12 million on Twitter and 9.6 million on Instagram.
4. Develop customized content. Developing culturally relevant creative will go further than simply translating creative to Spanish. Consumer packaged goods campaigns with custom Hispanic content delivered four times the return on investment compared to campaigns that simply translated English copy to Spanish. Follow the same rules as writing any other creative. Adding humor is always great, but keep in mind stereotyping is not helpful and can leave a bad impression of your brand. Messaging should speak to the Hispanic consumer – engagement is great way to spice up the creative. Spanglish is an option if you are speaking to the more acculturated Hispanic audience. Ultimately, Hispanic consumers want to feel a connection with your brand.
At BC Media & Associates we offer our clients the lowest rates possible for radio, TV, OTT (streaming TV), billboard, digital and cinema advertising. If you need help reaching the Hispanic market or if you just have questions please feel free to reach out to me 708-586-2229 or [email protected]