By Mark Macias
The mainstream media, politicians and advertisers are catching onto what most Latinos knew 20+ years ago. Hispanics are a huge consumer market and if you can tap into their families, you will have a growing business.
The CMO of Coca-Cola recently told an influential crowd of advertising executives that Hispanics are a key part of Coke’s growth strategy through 2020.
We kind of all know that, but what the CEO of Nielson – David Calhoun – said was even more intriguing: He predicted Hispanics would be the biggest source of growth for all US companies. He then challenged all business owners to spend 65% of their time “figuring out this Hispanic opportunity.”
The Growing Hispanic Consumer Population
When I was an Executive Producer with NBC, I co-founded the NBC/Telemundo Hispanic Forum, which brought Latino journalists from the English and Spanish news divisions together for networking and mentoring sessions.
You would think with my media experience and culture, I would have thought of targeting Hispanics when it came to finding new business.
But guess what: I learned the hard way like many entrepreneurs.
It took meetings with three different clients (who are not Hispanic) before I realized I was missing out on reaching a key growth opportunity. They all wanted to know how they could market to my culture via the media.
Spanish Media Outlets
After the light went on in my head, I pitched my law firm client to CNN en Español.
Roughly 5-minutes later, I heard back from a CNN producer, saying she loved my story. That segment ended up running on the program, Dinero, which airs at 8pm on CNN en Español.
For nearly 4-minutes, my client was an expert on legal issues in prime time.
So what does this mean to you?
If you speak Spanish, start pitching the Spanish media because they need experts for their news stories too. Lawyers, accountants, financial consultants, nutritionists, doctors– they’re easy to find anywhere, but Spanish journalists need to look harder to find their equivalents for their audience.
I don’t speak for all Hispanics, but I can tell you everyone in my family spends a lot of money to make sure we stay healthy and young looking. My vain family is a marketer’s dream. Loreal wants to reach my sisters. Banana Republic wants to reach my Dad.
That’s why I’m now looking in the mirror and going after potential clients who are just like me. If you want to reach more consumers like me, give us a shout. We’ll show you what we delivered for other clients in the Spanish market.
Mark Macias is a former Executive Producer with NBC and Senior Producer with CBS in New York. He’s also the author of the communications book, Beat the Press: Your Guide to Managing the Media. Macias now consults small and large businesses on how to get publicity. You can read more on his firm at MaciasPR.