Black History Month -- Making Inroads to the African-American Food & Beverage Market.Business Editors ATLANTA--(BUSINESS WIRE)--Feb. 12, 2003 If you're in the food or beverage industry and thinking about reaching out to the African-American market, then Black History Month (February) could be the perfect time to act. And if you aren't thinking about it, you should be -- it just makes good business sense. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the University of Georgia's Selig Center for Economic Growth, African-American consumers comprise the largest buying-power group in the country, spending some $572.1 billion each year. And the growth in their spending has outpaced that of white consumers, increasing approximately 81% since 1990.(1) A few other key stats to consider from the Center for Media Research: -- African Americans now represent 12.9% of the U.S. population -- African American households gained 5.5% in median income between 1999 and 2000, reaching an all-new high of $30,439. -- The number of affluent adults in the United States increased 11.9% from 1997 to 2000. African Americans fueled that rise, with a 154% increase in household incomes of more than $100,000 per year. Bottom line: There are increasingly more African-Americans with increasingly more disposable income disposable income Portion of an individual's income over which the recipient has complete discretion. To assess disposable income, it is necessary to determine total income, including not only wages and salaries, interest and dividend payments, and business profits, but also . And they're spending a good portion of that income on food and beverages F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. -- $52.4 billion on food and $5.3 billion on beverages (alcoholic alcoholic /al·co·hol·ic/ (al?kah-hol´ik) 1. pertaining to or containing alcohol. 2. a person suffering from alcoholism. al·co·hol·ic adj. 1. and nonalcoholic non·al·co·hol·ic adj. A beverage usually containing less than 0.5 percent alcohol by volume. ) last year, to be exact. Getting more for your marketing dollar with PR Many companies already know the value of the African-American dollar and, as a result, national advertising budgets for reaching African-American consumers have been growing exponentially ex·po·nen·tial adj. 1. Of or relating to an exponent. 2. Mathematics a. Containing, involving, or expressed as an exponent. b. over the past 20 years. In fact, the total number of advertisers has more than tripled in the past 15 years, according to the Cable Television Advertising Bureau. Most of these same companies, however, have given short shrift short shrift n. 1. Summary, careless treatment; scant attention: These annoying memos will get short shrift from the boss. 2. Quick work. 3. a. to other effective and often less-costly marketing and public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most methods. If you're looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a way to reach the African-American market and get more for your marketing dollars, think beyond advertising and think Black History Month. It's a great time to expand your marketing scope by launching a special offer or by preparing to do so next year. Setting the target Like any other targeted audience, African-Americans respond best to messages and images that convey meaning and value in their terms, including being able to show that your company or products cares about African-American...
-- Heritage
Focusing on traditional food is one of the fastest ways to
connect. If you're a restaurant, develop a traditional soul
food menu for the month or use traditional ingredients --
greens, sweet potatoes, and cornmeal -- in nontraditional ways
to create nouvelle soul food. Wrap something culturally
relevant around it -- perhaps a spoken word presentation or a
jazz quartet -- then hire a PR professional to help you
promote the event and the menu.
If you're a food manufacturer, suggest ways to use your
products in traditional African-American recipes, or create
new recipes using traditional ingredients. Team up with a PR
professional with multicultural expertise to create and
promote an exciting web page or a cookbook
-- Images
Examine your promotional materials -- Are all the faces the
same color? Do your materials speak specifically to
African-Americans in any way? For Black History Month, develop
promotional packaging that includes African-American faces,
traditional cloths, Kente and mudcloth designs, or other
culturally inspired symbols. Find African-Americans in your
organization who can act as spokespersons. Debut them and
promote these materials during Black History Month, but commit
to using them year-round.
-- Community
Invest in the African-American communities where you do
business and your employees live: fund scholarships, donate to
charities like the United Negro College Fund, and encourage
charitable work in those communities. Being seen as a good
corporate neighbor benefits companies in untold ways, and
those impressions have staying power with residents.
-- Health concerns
Certain conditions -- SIDS, glaucoma, sickle cell, diabetes,
high blood pressure, heart disease -- impact African-Americans
more than other racial groups, and donations to organizations
researching cures and prevention are a good way to show your
concern. Promote specifics about how your products can help
(i.e., low fat, low salt, low cholesterol). Team up with
healthcare providers to sponsor a local screening drive
offering free or low-cost testing.
Few would argue that advertising doesn't pay. But a good promotion can pay off in much higher returns -- goodwill, good image, and great sales volume. Growing your business is a satisfying endeavor and a PR professional that understands both your industry and your target market can play a valuable role in helping you do just that. For more information, contact Janet Janet: see Clouet, Jean. JANET - Joint Academic NETwork Harrell, a seasoned communications and public relations professional in the multicultural mul·ti·cul·tur·al adj. 1. Of, relating to, or including several cultures. 2. Of or relating to a social or educational theory that encourages interest in many cultures within a society rather than in only a mainstream culture. , food & beverage, healthcare and high-tech industries. You can reach her at The Point Communications (770/938-9192) or jharrell@thepointcomm.com. Or visit www.thepointcomm.com to learn more about her agency. (1) "Buying Power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. of African Americans African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. to Reach $682 Billion by 2006," blinks blink v. blinked, blink·ing, blinks v.intr. 1. To close and open one or both of the eyes rapidly. 2. To look through half-closed eyes, as in a bright glare; squint. 3. .net, http://www.blinks.net/artman/publish/article_70.shtml. |
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