Jun 19 2008
Attention: You are being targeted…
That’s right, if you’re a South Asian living in the United States, chances are that you are being TARGETED…
We all know that the South Asian market is an untapped GOLDMINE, but the recent SAMMA conference confirmed that more and more big companies are hunting down South Asians as targets for their newest marketing campaigns. This shouldn’t come as a surprise as the South Asian population is steadily increasing, as well as provides a huge portion of the country’s buying power (compared to other ethnic groups of our size).
A recent article published on mediaweek.com outlines some of the reasons why YOU are now a target of their (the company’s) mass-media marketing campaigns:
“…within the past two years, the advertising has begun to come from outside the South-Asian marketing community. Companies like Lowe Worldwide, the Home Depot, The New York Times Magazine, Mercedes Benz, Volvo and Delta Airlines are all advertising to this audience.”
One of the fastest growing immigrant groups in the U.S., Indian Americans, who represent 89 percent of the Desi population, increased from 815,000 in 1990 to nearly 1.7 million in 2000, a 106 percent rise, per the Census Bureau. Even so, that population makes up less than 1 percent of the total U.S. population versus the Latino communities, which made up 12.5 percent in 2000. Both figures have no doubt since risen.
“The South-Asian and especially the Indian-American numbers will show another marked increase in the 2010 census. And even though they represent just a fraction of the Latino population, South Asians have disposable income in the area of $90 billion,” says Shah, whose estimate is based on the $76 billion figure the market research firm Cultural Access Group arrived at in its 2005 report. “What the South Asians lack in size, they make up for with purchasing power.”
Read full article.
So what does all this mean? Well, for one, it means that you will probably see more South Asians in television ads and definitely see more South Asians on the front lines of these marketing campaigns. Marketing analysts are beginning to study the culture of our communities and even our buying behaviors, as seen below:
“They like to be connected. Family is a big thing. It’s not unusual for people to shop for a car as a family.”
According to the above, you’ll probably be greeted by a man named Santoshkumarnarayanan the next time you walk into a Lexus dealership! As long as “Santosh” still lets me negotiate…i’m cool with it!