
The recent merging of Yahoo and GE's Telemundo Network made me think again of the burgeoning Hispanic market in the U.S.
I've mentioned before on this blog, but it's worth repeating: the Hispanic market in the U.S. is estimated within four years to have the buying power of 2/3 of China. While the Chinese market is important and receives huge press coverage, you just can't ignore the dynamic of the American Hispanic market.
Now there's another insight to keep in mind concerning this. It has also been found that approximately half of U.S. Hispanics interact with English-written Web sites. The reason I mention this is that the only strategy for American Hispanics isn't to get things put into the Spanish language. But there can definitely be an Hispanic flavor in parts of your sites or a complete Hispanic marketing effort other than the fact that there will also be English words included.
You just can't underestimate the importance that this demographic represents in the years ahead. As the U.S. Census Bureau reports: Hispanics are the youngest overall segment of the American population and the fastest-growing. Their average age is 27 in comparison to 31 for African-Americans and around 40 for white non-hispanics.
Like any demographic, this one cant' and shouldn't be lumped together, but must be marketed to on numerous fronts in a multi-faceted strategy.
Ignore this and you'll miss an extraordinary potential for growth in your online business.







Gary, you're right - this is huge. I have extended family members who make a living off of working with Hispanic people in the U.S. I know Spanish myself, and I'm glad I do because in a few years, it may well become the second official language of the United States. At the least, it's becoming more and more important to not only know Spanish if you live in the U.S., but also how to work with those of a Hispanic background. Muy, pero muy importante.
Posted by: Easton Ellsworth | May 13, 2006 10:31 AM | Permalink to Comment