PowerPoint Presentation - Michael Saray Hispanic Marketing

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Transcript PowerPoint Presentation - Michael Saray Hispanic Marketing

Four Critical Factors For Successful Hispanic Marketing

Outline

1.

Product Life cycle 2.

Acculturation or Lifestyle Stage 3.

Right versus Left Brain thinking 4.

Communication Style 5.

Examples

Population Growth 2000 - 2050

Hispanic African-American Asian-American Non-Hispanic Whites

Population Growth 2000 - 2050

160.0

140.0

120.0

100.0

80.0

60.0

40.0

20.0

137.7

66.9

25.5

Total Hispanic Black (millions)

Without white immigration this is a

22.7

Asian

(negative)

15.4

Other

number

14.6

White

What Do The Numbers Say?

Where Is Your Customer in the Product Life Cycle?

NEW

Where Is Your Customer in the Life Stage and Acculturation Range?

Product Life Cycle Acculturation Range Life Stage

Privacy (maybe) AutoVantage AD&D or Burial Insurance with casket repatriation

Left vs. Right Brain

Left brain

• • • • • Intellectual Sequential Analytical Logical Accuracy-Driven

Right brain

• • • • • Emotional Intuitive Creative Big Picture Visionary It is important to understand that, in general, Latinos are culturally “hard wired” differently. There is more focus on right brain thinking.

Left vs. Right Brain

• • • • • • To reason in English is not the same thing as to reason in Spanish To put it simply, language has an ideological agenda that is likely to be hidden from view We incorrectly believe it to be a direct, unedited, unbiased expression of how the world really is.

But English

and all languages are biased!

Spanish is a right brain language, so….

The Spanish language has not favored intellect over emotion. It’s bias, or thought process, has not favored the left brain over the right brain.

This Is a Very Real Cultural Difference

Left vs. Right Brain

He's on

top

of the situation, in

high

command, and at the

height

of power in having so many people

under

him. His influence started to

decline

, until he

fell

from power and became the

low man

on the totem pole, at the

bottom

of the pile.

Language Preference in 20 Situations

• • • • • • • • • • When speaking to

answering services over the phone

, I select While ordering over the phone from

catalogs

, I prefer to speak When using an

ATM

I prefer to use I prefer to

shop at stores

where I can speak When speaking at

work

, I prefer to speak When speaking at

school

, I prefer to speak When speaking to my

friends

, I prefer speak I prefer to listen to the

r adio

in I prefer to watch

TV

in When reading

newspapers/ magazines

I prefer • • • • • • • • • • When

writing

my own notes I prefer to write in I prefer to

think

I prefer to

pray

in in At

church/temple

I prefer to speak When speaking at

home

, I prefer to speak When speaking to

children in my family

, I prefer to speak When speaking to my

spouse/partner

, I prefer to speak When speaking to my

brothers/sisters

, I prefer to speak When speaking to my to speak

parents

, I prefer When speaking to my

grandparents

, I prefer to speak Cecilia Alvarez, FIU, 2004

English all the time English most of the time English and Spanish equally Spanish most of the time Spanish all the time

Spanish language use declines as the generation increases Cecilia Alvarez, FIU, 2004

Familism

1.

2.

3.

I will be fulfilled as my family succeeds I value my children’s health above my own I work hard to give my children the best education they can get 4.

5.

6.

7.

8.

9.

One of the most important goals in life is to have children Some equality in marriage is good, but by and large the father ought to have the main say in family matters Parents should feel responsible for their children’s happiness In an unhappy marriage, parents should stay together for their children’s sake People should consult close relatives concerning important decisions Keeping old family recipes is important 10. Children should be taught about their family history 11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

A person should always support his uncles or aunts if they are in need Relatives are more important than friends No matter what the cost , dealing with my relatives’ problems comes first Children should always have the respect for their parents Children should always have respect for elderly people Adult children should make sacrifices to care for their parents Adult children should often seek their parents’ advice Parents should sacrifice themselves in order to provide their children with the best Daughters should live with their parents until they get married Married children should live close to their parents to help each other Aging parents should live at home with their children

Disagree Neutral Agree Strongly agree

Cultural values are maintained even as the generation increases Cecilia Alvarez, FIU, 2004

Disagree Neutral Agree Strongly agree 2 3 4 5

There are significant differences between the Hispanic and general market

White Hispanic

(Average of generations) Cecilia Alvarez, FIU, 2004

Cultural Communication Style

Main point/conclusion Supporting Arguments Hispanic General Market Supporting Arguments Main point/conclusion Neither is right nor wrong - they ’re just different. Americans expect an answer upfront followed by supporting arguments. Latin Americans first give the supporting arguments that lead down to the answer. This is not a language issue, it ’s actually an issue that is strongly influenced by what is considered a persuasive argument in each region.

Culture and DM

• The family is always important.

– it’s protecting your family, not financial security, but don’t be patronizing • Free or Gratis is a very powerful word.

– Be Careful • Avoid blatant overuse of numbers.

– You want to reach the heart, not the left brain • Fear is not a good motivator.

– It is too emotional and relies on left brain thinking. Watch the cultural no no’s • Clear product explanation – But don’t be afraid of proven DM techniques

Culture and DM

• Emphasize the 800 number.

– Many Hispanics prefer this order method • Outbound TM may be a very viable option.

• Hispanics are cynical and skeptical.

• Word of Mouth is very powerful.

• Hispanics love to be courted.

• Build

Trust

Mailed: 196,362 Responses: 55 Response Rate: 0.028% Net Profit/Loss:

($66,194)

Direct Translations Awkward, perhaps incorrect, language, takes away from the most important message, valued customer Why lead with a premium? Explain product first, persuade Basic DM rules apply, emphasize offer Very small type Should be bilingual

Good Creative

AMEX “dogs” Magazine Ad (very “in culture”)

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Dividers to organize 3 packets, 36 Cards Bongo Premium • • Here’s how it works Questions? Call 800 xxx

Four Critical Factors For Successful Hispanic Marketing

1.

Product Life cycle 2.

Acculturation or Lifestyle Stage 3.

Right versus Left Brain thinking 4.

Communication Style

DMA is offering a special price of $99 on their report

Reaching the US Hispanic Market: Consumer Attitudes and Buying Behavior

which

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Multichannel Media Channels include direct mail/catalog, Internet/e-mail, telephone, television

With this report YOU can:

•Profile the demographics of the Hispanic-American population •Understand the attitudinal differences between "buyers" and "non-buyers" •Know which language to use when communicating with Hispanic consumers •Uncover the factors that lead to infrequent distance shopping •Identify ways to increase Hispanic consumers' direct-response shopping PLEASE VISIT THE BOOKSTORE TO FIND OUT MORE INFORMATION AND TO PURCHASE THE REPORT www.the-dma.org/bookstore

¡Gracias y Thank You!

Michael Saray Hispanic Marketing, Inc.

419 Lafayette New York NY 10003 212 277 8027 [email protected]