Tapping into black buying power: new book reveals how marketers miss out by not speaking our language.Marketers have long acknowledged the cool factor in being black. Couple that with black buying power--an estimated $761 billion--and African Americans African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. with commercial influence make up a formidable group. But the African American market remains under-appreciated by marketers and advertisers. With all of its diversification, the African American market is continually seen as a monolithic Single object. Self contained. One unit. group that can be addressed through mainstream media. Frustration over this view led veteran advertising and marketing specialists Pepper Miller and Herb Kemp to write What's Black About It? (Paramount Market Publishing; $39.95) "The thing that most disturbed us is that many marketers think African Americans speak English so we don't need to do anything special to talk to them," says Kemp. The most effective communications to the African q American market are campaigns that highlight families and community strength, 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. Miller. A well-planned approach requires familiarity with the subsegments of the black population, says Kemp. The effort would have a positive impact on the return of investment for many marketers. According to the 2005 Yankelovich MONITOR MulticulturaI Marketing Study, the African American market can be broken down into six sociobehavioral segments that reflect variations in age, economics, socialization socialization /so·cial·iza·tion/ (so?shal-i-za´shun) the process by which society integrates the individual and the individual learns to behave in socially acceptable ways. so·cial·i·za·tion n. , education, and culture: * Emulators This article lists software that emulates arcade and console game systems, computing platforms and CPUs. Arcade systems
* Seekers (19%) are older and less idealistic i·de·al·is·tic adj. Of, relating to, or having the nature of an idealist or idealism. i de·al·is . They work part time
or are temporarily unemployed. They seek popular image and status
brands. Their median age is 40 with a median income of $18,000.
* Reachers (24%) are slowly working toward the American dream American dream also American Dream n. An American ideal of a happy and successful life to which all may aspire: . Often single parents who may also care for an elderly parent, this group wants products and services that give them the greatest value. They have a median age of 40 and a median income of $28,000. * Attainers (27%) have a more defined sense of self and a solid plan for the future. They want ideas and information that will increase their quality of life. They have a median income of $55,000 and a median age of 40. * Elites (5%) are upwardly mobile African Americans who live and work in a more mainstream environment but retain their cultural identity and allegiances. Marketers must appeal to this group through a broader range of campaigns. They have a median age of 46 and a median income of $113,000. * Conservers (14%) are an older segment with a median age of 67 and a median income of $38,000. They are set in their ways and are slow to adapt to the dynamism of popular African American culture African American culture or Black culture, in the United States, includes the various cultural traditions of African American communities. It is both part of, and distinct from American culture. The U.S. . Mostly retired, their beliefs and values are deeply grounded in experience and wisdom, and it shapes their lives. |
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