Thursday, May 6, 2010

PR Initiatives to Reach Urban Latino Youth

The Hispanic population is growing faster than ever and expanding into many consumer markets. In fact, it is currently the fastest-growing culture in the United States. With this trend, urban Latino youth have extreme buying power and influence over numerous markets. For ultimate growth and expansion, it is vital for companies and business owners to initiate Hispanic pr strategies to reach this dynamic and leading group of consumers. However, the planning for such campaigns must be strategically done. Hispanic pr should be carefully designed to optimize communication with urban Latino youth to demonstrate an organizational mindset that is culturally educated and involved.

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The best way to effectively use Hispanic PR to target urban Latino youth is to use social media strategies and to reach out to urban Spanish television, radio, and magazines. In doing this, you will make the company brand cross-cultural and relevant to the wants, needs, and interests of the urban Latino market.

How to Use Hispanic PR & Social Media

Some tips on how to use Hispanic PR & Social media to target urban Latino youth are:

•Send press releases and media advisories written in Spanish to urban Hispanic media outlets, such as television, radio, and magazines.
•Translate sales, marketing, and media materials from English to Spanish.
•Include pictures of urban Latino youths in advertising campaigns and promotional materials.
•Develop social media profiles in Spanish and update with regular posts on Facebook, Twitter, MySpace, etc.
•Volunteer, donate, and participate in urban Hispanic community organizations and events.

When implementing Hispanic pr and social media initiatives, it is imperative to have clear goals and objectives. It is also important to gain insight and understanding into urban Hispanic cultural motivations. In taking this time for necessary research, organizations will be able to create a more defined message that is relevant and appealing to its targeted audience. Determining the success of pr and social media efforts is extremely important to know what techniques work and what systems do not. To measure the ROI several methods should be used.

Best Ways to Measure ROI

Some of the best ways to measure ROI for Hispanic PR and social media campaigns targeting urban Latino youth are:

•Outline clear and concrete goals for pr and social media initiatives to determine if objectives were met.
•Develop surveys for urban Latino youth to evaluate consumer satisfaction, public perception, and brand awareness.
•Monitor outlets for number of placements in urban Hispanic media.
•Evaluate the quality of urban Hispanic media placements to determine whether coverage is positive or negative.

Many companies are realizing the importance of initiating Hispanic pr initiatives targeted towards urban Latino youth and leveraging social media. For example, AT&T launched Twitter, Facebook, MySpace, and YouTube channels in Spanish to connect with the Hispanic market. Ford Motor Company “tweets” in Spanish on its Twitter page and there are several other companies jumping on the bandwagon and awakening to the power of the urban Latino consumer.

Connect with Hispanic Market Advisors:
* Follow Hispanic Market Advisors on Twitter
* Get updates from Hispanic Market Advisors on Facebook
* Hispanic Market Business solutions, targeting the Hispanic community

Related blogs:
* Marketing to Generation Y in Latin America
* Sending Press Releases to Latin American Leading News Agencies



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Thursday, April 29, 2010

New Ways for Marketing Agencies to Leverage Their Impact

The web is an exponential environment. Every day, there are tens of thousands of new web sites, diverse new technologies, new media and more competitors. The demand for ideas and for people with new capabilities for delivering them are constantly expanding. Ad agencies are in a bind because while the available media and technologies for their creative efforts continue multiplying and morphing, the old business models cannot keep up with the demand any longer.

On the one hand, the large agencies have had to limit their attempts to cover every single medium and skill when they seek to create an impact on a mass scale. It's just too expensive to keep up. On the other hand, small agencies that often have new, "out of the box" ideas and very unique information or skills, lack the experience, the contacts, or the resources to take advantage of the opportunities. While targeting the Hispanic market is a niche within the big picture of all markets, it is also an immense market and growing rapidly, becoming more technologically oriented and more discriminating in its choices.

Partnership programs are an effective solution for agencies

There is an effective solution for agencies that serve this market. It consists of a partnership program, where agencies combine their complementary strengths, overcome their particular weaknesses, and through collaboration create, for particular projects and clients, a partnership of unequaled talent and ideas. It has been tested, it has been tried, and the potential results are exceptional.

This is a clear trend for many online businesses. Even the largest, big-name technology competitors in both software and hardware, all find areas for collaboration with each other. They just define them carefully. A partnership program is one way to make the exponential business environment of the web more manageable, to reduce costs, and for ad agencies to create a more impactful presence.

As with any collaboration, the keys to success for this partnership program lie in clear boundaries, transparency, and clear, consistent communications. With experience, setting up these partnership programs becomes easy for all parties involved, once a need or opportunity is identified. Partners understand each other's situation and goals. When each partner's strengths and role are clarified for each other and for clients, then there is no point to wasting time in manipulation or competition that would sap resources.

The trend for Hispanic marketing is towards collaboration

Hispanic marketing is a demanding area for agencies in that it requires attention to all kinds of variables that not all markets require. Hispanic marketing involves complex language and cultural issues, geographic and historic issues, and issues regarding the mastery, acceptability and use of technology. All of these issues become variables for agencies to consider, in order to piece together a successful, collaborative vision of success.

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Clearly, the web is changing more than technology business models; ad agencies are seeking solutions too. The trend is towards carefully considered, focused collaborations of all kinds that involve very moderate risk. A partnership program for Hispanic-American agencies can generate collaboration that is not at all "cookie-cutter," but that is rather uniquely designed for specific agencies and clients to succeed.

For more information, please contact Hispanic Market Advisors

Related articles/blogs:
* Hispanic advertising agencies at a glance
* Choosing the right Hispanic marketing agency that fits your business

Saturday, April 17, 2010

Latin America and Caribbean Ultra-High-Net-Worth Market

















If you are a small business owner there're some wonderful opportunities to enter into the same Latin American wealth management industry as many ultra-high-net-worth individual's have already done. Latin American countries have been surpassing their financial expectations for many years, but the recent struggles of the U.S. market has shined more light towards southern counterparts, and they are now being recognized as the beam of financial hope the world needs during a time of uncertainty.

Textiles, commodities, green investing, technology development, and the real estate industries are thriving amongst those that are investing via the ultra-high-net-worth market in Latin America. Integration and development outsourcing companies like Brazil's CPM Braxis and Stefanini IT have found their stocks to be on the rise. Stefanini IT saw their global revenue increase by 32 percent in 2009. And with 36 offices in 16 countries, it doesn't look like they intend to slow down any time soon.

Exploring the Latin American wealth management industry

The U.S. market will be slowly redefining itself over the next few years. Small business owners that are looking for diversity to their investments would be wise to explore the Latin American wealth management industry. As U.S. corporations look for other ways to save money, the Latin American outsourcing market has increased exponentially. Even larger U.S. corporations have started to invest more into the Latin American market.

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This increase in market growth has had a profound affect on the banking industries in the Caribbean and Latin American markets, with large amounts of revenue being deposited from these thriving markets. This trend has also created an even larger and growing ultra-high-net-worth market in those regions and abroad.

Investing in the Latin American wealth management industry

Investing in the Latin American wealth management industry could mean investing in companies based in thriving countries like Brazil, Venezuela, and Mexico. The United States isn't the only country with interests in the Latin American market. Canada's Scotiabank operates in 5 Latin American countries and since 1889, 25 Caribbean and Central America countries.

Sustainables, rising domestic economies, banking, and strong export markets are just a few of the many reasons to invest in Latin American. For an example, Brazil claims to have close too or nearly no foreign debt, which opens the investment door to this thriving market.

For small and medium sized businesses looking to safely and aggressively grow financially, investing in Latin America's wealth management industry is a proven way to maximize your investment through the benefit of rapidly growing domestic regions.

Connect with Hispanic Market Advisors:
* Follow Hispanic Market Advisors on Twitter
* Get updates from Hispanic Market Advisors on Facebook
* English to Spanish translation services

Articles related to Latin American markets:
* Latin American Communities in Central and South America
* Cultural nuances in Latin American countries