Reaching Hispanics In The Digital (new)World PRESENTATION TO JULY 2015.

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Reaching Hispanics In The Digital (new)World PRESENTATION TO JULY 2015

Transcript of Reaching Hispanics In The Digital (new)World PRESENTATION TO JULY 2015.

Page 1: Reaching Hispanics In The Digital (new)World PRESENTATION TO JULY 2015.

Reaching Hispanics In The Digital (new)World

PRESENTATION TO

JULY 2015

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HISPANICS ARE NO LONGER A NICHE MARKET

At 57 million in 2015, Hispanics account for 17.7% of the U.S. population today. Much of this growth since 2000 has come from the births of Hispanics in the U.S. rather than the arrival of new immigrants. As a result, English use among Hispanic adults is on the rise. Today, about six-in-ten U.S. adult Hispanics (62%)speak English or are Bilingual.

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• Latinos are a fundamental component to business success, and not a passing niche on the sidelines.• Rapid Latino population growth will persist, even if immigration is completely halted.• Latinos have amassed significant buying power, despite perceptions to the contrary.• Hispanics are the largest immigrant group to exhibit significant culture sustainability and are not disappearing into the American melting pot.• Technology and media use do not mirror the general market but have distinct patterns due to language, culture, and ownership dynamics. • Latinos exhibit distinct product consumption patterns and are not buying in ways that are the same as the total market.• Latino spendable income is reaching $2 trillion

TODAYS HISPANIC POPULATION

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GROWTH OVER THE NEXT 38 YEARS

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By 2050, the nation’s racial and ethnic mix will look quite different than it does now. Non-Hispanic whites, who made up 67% of the population in 2005, will be 47% in 2050. Hispanics will rise from 14% of the population in 2005 to 29% in 2050.

GROWTH IN REAL NUMBERS

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Origin Percent Numbers

Mexican 63 35,910,000

Puerto Rican 9.5 5,415,000

Salvadoran 3.8 2,166,000

Cuban 3.6 2,052,000

Dominican 2.9 1,653,000

Guatemalan 2.3 1,311,000

Colombian 1.9 1,083,000

Spaniard 1.4 798,000

Honduran 1.4 798,000

Ecuadorian 1.2 684,000

Peruvian 1.1 627,000

Nicaraguan 0.8 456,000

Venezuela 0.5 285,000

Argentinean 0.5 285,000

SEGMENTATION BY COUNTRY OF ORIGIN

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Millennials outnumber baby boomers; most young children now minorities; new U.S. census estimates

.The growing Hispanic population in America is reflected by the fact that 25% of all children under the age of 18 in America are Latino, up from only 9% in 1980.

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Hispanic consumers. The retail spending of Hispanic consumers will nearly double over the next ten years and account for almost one-fifth of total retail spending. McKinsey analysis based on data from the US Bureau of Economic Analysis, the US Bureau of Labor Statistics, and the US Census Bureau. Importantly, Hispanics spend money differently from other consumers—for example, they spend at least one and a half times more on children’s apparel, footwear, and fresh food than non-Hispanic consumers do—and retailers will have to account for this accordingly.

YOUR FUTURE CONSUMER

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A new report from Nielsen delves into the mobile and social behavior of U.S. Hispanic consumers, finding they’re highly engaged in their usage of smartphones, online video, social networking and other types of entertainment. According to the study, Hispanics outpace all other ethnic groups in mobile downloads of music and photos, and are more likely to watch video online and on their mobile phones than others. Specifically, Nielsen says that Hispanic video viewers are 68% more likely than non-Hispanic White viewers to watch video on the internet, and 20% more likely to watch video on their mobile phone.

SOCIAL BEHAVIOR

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REACH HISPANICS ACROSS ALL MOBILE MEDIA

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While we can establish that increasingly more US Hispanics are likely to own a smart/cell phone, we can also see that Latinos are more likely to use their mobile technology to access the internet. Increasingly, it is more likely that companies looking to measure their mobile analytics will find that the Hispanic market accessing their information shows a tendency to over index. We can see this via multiple sources and avenues. Beginning with mobile video, we see that Hispanics over index there with 10 million Latino Americans watching video on their mobile phones. This likely also acts as a partial reason that mobile data use is approximately 16% higher than the national average.

THE WAY US HISPANICS UTILIZE THEIR MOBILE TECHNOLOGY

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US Hispanics Mobile Users - (Hispanic Origin)

March 2013 comScore

US Hispanics Mobile Users - (Gender)

U.S. HISPANIC MOBILE AUDIENCE BREAKDOWN

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93% of U.S. Hispanics use a

mobile phone regularly

45% of U.S. Hispanic mobile

phone users have smartphones

compared to 34% of general

market

87% of U.S. Hispanic mobile

phone users have contract

plans and only 8% have pre-

paid plans

12% of U.S Hispanic mobile

users use social networks on

their mobile vs. 10% general

market. Nielsen Company - February 2011

U.S. HISPANICS MOBILE ONLINE

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MULTIPLE CHANNELS

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CELL PHONES VS COMPUTER

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CELL PHONES VS TV

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TRADE AREA TARGETING AROUND STORES

Time-Sensitive DealsSpecial OccasionsExclusive OffersContests

Competitive IntelligenceTrackingBrandingTesting

Know Your CustomerWhere Are They FromWhat’s Their InterestHow Did They Find YouBehavior

RetentionAcquisitionExpansionProfitability

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From re-targeting based on multivariable consumer behavior to language-based and acculturation-level targeting, to environmental targeting based on geography, demographics, day and time, and more.

FIND THE RIGHT CUSTOMERS, SAY THE RIGHT THINGS

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DYNAMIC PUBLISHINGDevelop flexible, tailor-made communications for your key audience segments and publish dynamic versions of your banner and landing pages in real time.

ADVANCED ANALYTICSEvaluate and fine-tune your next online advertising experience with in-depth, ROI driven analytics {Dashboard}

AUDIENCE MANAGEMENTUse current technology to precisely identify and reach Hispanic audience segments across the web and capture specific audience segments that are unique to your campaign, products or services.

GROW YOUR BUSINESS

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Being able to get advice from friends is more important to shoppers than having access to product reviews. Just 38% of Hispanic mobile shoppers in this survey said that they had accessed product reviews on their smartphones. That’s a very small number, given that 68% of all U.S. mobile shoppers say that they have done this.Overall, Hispanics are more likely to use the mobile web than the general market mobile consumer and are also more likely to own smartphones in the first place. Currently, however, most mobile shopping apps don’t really address the way these users shop. Because of this, the study recommends that these apps start adding more social features like automatically alerting friends when you scan a QR code inside a store.

INSIDE YOUR STORE

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NORTHGATE GROCERY STORE USE OF A WEBSITE

DEPARTMENTS

STORE LOCATOR

ANNOUNCEMENTS

SPECIALS

COUPONS

ADVERTISEMENTS

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Northgate Market is one of the largest Hispanic Grocery Supermarkets serving Southern California. Download this App to learn about exclusive new promotions and exciting money saving events. Users will also gain access to videos, recipes, cooking classes and many other tips that will help you prepare the authentic Hispanic dishes you know and love. Key features include Store Locator, Ad Specials, Exclusive Promotion Information and of course Meal Solutions of all kinds!

NORTHGATE GROCERY STORE USE OF AN APP

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CAMPAIGN SUMMARY

Objective: Brand Awareness

and purchase intent

Targeting: US Hispanics 18+

Materials: Display and Video

Ad Formats: Standard IAB,

Video, Mobile Web Standard

IAB, Mobile App 300x50 Click

to Play

Platform: Smartphone (IOs,

Android)

The GoalDrive awareness and in-store purchase intent of several products.

SolutionThe campaign started running a Display Custom Channel combined with In-banner Video. Thanks to a proprietary Media Audience Management platform it was discovered that over 30% of the clickers were using a smartphone. Based on this insight the Client assigned a test budget to Mobile and incorporated 2 more lines: Mobile Web and Mobile Video

The Results

>Hit the Client’s initial goals: CTR (Click Through Rate) for display and

completion rate for video>Exceeded Client’s expectations providing valuable insights on Mobile

Consumption>Exceeded Client’s mobile goals doubling CTR and completions rates>Delivered engaged viewers across both desktop and mobile>After the test was run, the client keeps working with testing all new products

and solutions

CASE STUDYNorthgate Markets

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The retail environment is as dynamic today as it has ever been. Competition is intensifying and shifting to new arenas, and consumers are rapidly evolving their approach to purchase decisions. We believe the trends that will most affect the industry’s future are evident, and the imperatives are clear. The time to act is now. Retailers that do will be the winners when the next chapter of retailing history is written.

THE FUTURE

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Drawing on our research and experience working with companies across the North American retail sector, we believe that five trends will have a significant impact on the industry: demographic changes, multichannel and mobile commerce, personalized marketing, the distribution revolution, and emerging retail business models. Each trend is powerful on its own, and collectively they will redefine what it takes to be a successful retailer.

THE TRENDS THAT WILL MATTER MOST

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THANKS!Joe Benites

THE BENITES GROUP, INC. 8941 Haskell AvenueNorth Hills, CA 91343

Tel: 661-294-8904Cell/Off: 213-716-0620

E-Mail: [email protected]