According to eMarketer.com “78% of US companies said they had not used any social media to engage Hispanics. Those marketers that had done so primarily used Facebook and Twitter.”
Another important marketing statistic: Hispanics comprise 15% of the United States population and the numbers are growing each year. The 2010 Hispanic Marketing Trends Survey notes that “In 2010, Hispanics will be the nation’s fastest growing and largest minority (50 million people).”
A 2010 report published on the importance of marketing to the Hispanic community, AOL’s Hispanic Cyberstudy (.pdf format) indicated that 77% of Hispanic households consumer their media in English. The study also reveals that when comparing Hispanic consumers with “general marketing consumers:”
- Hispanics online are younger (average age 37 vs. average age 46 for “general marketing users”);
- Have an average of two kids (vs. one child) that are younger in age (elementary school kids vs. college students); and
- Earn an average of $50k per year per household.
Hispanics Are Computer Savvy and Regularly Turn To The Internet For Information
Perhaps even more important marketing findings show that significantly more Hispanics use the Internet than general users as follows:
- 57% Always go to the internet to find deals (vs. 43% of general users;)
- 44% Use the Internet to keep up with pop culture (vs. 25% of general users;
- 64% Use the Internet as a main source of news and information (vs. 51% of general users); and
- Hispanic Internet users are also more likely to use the Internet to make social connections and use the Internet “as an important tool for building a better life.”
Additionally, the number of new businesses started by Hispanics is also on the rise, especially among Hispanic female entrepreneurs (22% of Hispanic owned businesses owned by women are in social services and 11% are in retail.)
To ignore the needs and interests of the fastest growing minority population the United States could become a serious marketing mistake for businesses. The AOL Cyber Study draws an conclusion:
“Hispanics have a high regard for the internet as a medium for information and socialization. Fully one-third of all Hispanics, regardless of acculturation and life stage, view the internet as a key component in building a better life.”