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PRESENT & FUTURE OF THE MARKETING IN TEXAS Tips to penetrate in a diverse market www.TexasOnTheGo.Com Tips to penetrate on a diverse market.

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Presentation on theme: "PRESENT & FUTURE OF THE MARKETING IN TEXAS Tips to penetrate in a diverse market www.TexasOnTheGo.Com Tips to penetrate on a diverse market."— Presentation transcript:

1 PRESENT & FUTURE OF THE MARKETING IN TEXAS Tips to penetrate in a diverse market www.TexasOnTheGo.Com Tips to penetrate on a diverse market

2 THE OLD TEXAS www.TexasOnTheGo.Com

3 Wild West, Cowboys, Rangers, Petroleum www.TexasOnTheGo.Com

4 NEW TEXAS www.TexasOnTheGo.Com

5 Tech Corridor, Wind Turbine, Cowboys, Sport Applications www.TexasOnTheGo.Com

6 Reflecting, rethinking, re-educating, renewing! The Marketing Paradigm Shift www.TexasOnTheGo.Com

7 Global Financial Crisis Opportunity more than a Risk Massive Migration (Hurricanes Katrina & Ike) Green Movement & Alternative Energy www.TexasOnTheGo.Com Influencers

8 DEMOGRAPHICS CHANGES www.TexasOnTheGo.Com

9 Population: 24,006,609 Household: 8,469,530 Median Age: 33 Median Home Income: $46,878 Source: Nielsen www.TexasOnTheGo.Com

10 Economic Prosperity and/or stability attracting new stronger migration www.TexasOnTheGo.Com

11 Source: U.S. Census Bureau Four of the Ten Top U.S. Metro Areas with biggest population are in Texas: Dallas-Fort Worth-Arlington --162,250 Houston-Sugar Land-Baytown -- 120,544 Austin-Round Rock --65,880 San Antonio -- 53,925 www.TexasOnTheGo.Com

12 Multigenerational – Diverse Texas Demographic Changes www.TexasOnTheGo.Com

13 Because Some Things Never Change! www.TexasOnTheGo.Com

14 But, some others!!!!!! www.TexasOnTheGo.Com

15 AGE PREFERENCE TEXAS IS A YOUNG STATE MAKE SURE YOU ARE TALKING THEIR LANGUAGE THROUGH THEIR CHANNELS! BABY BOOMERS  PROFESSIONAL NETWORKS  SOCIAL NETWORKS TO KEEP CONNECTED TO FAMILY GEN X  20 WORDS PER SECOND GEN Y/MILLENNIALS/ ECHO BOOMERS  DIGITAL REVOLUTION GEN Z  What will be next? www.TexasOnTheGo.Com

16 GENDER PREFERENCES FEMALE  BLOGS / SOCIAL NETWORKS MALE  ? www.TexasOnTheGo.Com

17 DIVERSITY TEXAS MELTING POT www.TexasOnTheGo.Com

18 I wasn’t born in Texas, but I got here as soon as I could! www.TexasOnTheGo.Com

19 ARE YOU TALKING TO ME? www.TexasOnTheGo.Com

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25 The projected buying power through 2013 of African Americans, Asians, Native Americans and Hispanics represents "formidable economic clout" University of Georgia Selig Center Report, 2008 The African-American market ($913 billion) and the Hispanic market ($951 billion) are "larger than the entire economies of all but 13 countries in the world." www.TexasOnTheGo.Com Buying Power

26 Asian American The Asian-American market represents one of the most lucrative markets in the U.S. Asian-Americans lead all categories in household income, disposable income, internet usage, business ownership, management positions and education excellence. www.TexasOnTheGo.Com

27 By 2023, more than half of U.S. children under 18 years of age will be from a diverse background, according to the U.S. Census. "With such seismic changes, multicultural marketing can no longer be about ‘niche’ strategies, but rather about ‘mainstream’ and globally intertwined trends," Loida Rosario, Director of Partner Relations DePaul’s Multicultural Marketing Program www.TexasOnTheGo.Com Blended Buyers

28 The historic election of a president from a multicultural background also influences the move of multicultural marketing into the mainstream. www.TexasOnTheGo.Com Political Drivers

29 The recent immigrant populations--unlike prior waves of immigration--are embracing and retaining many of their cultural attributes, requiring marketers to address them in a special way. Multicultural Marketing Summit, Florida www.TexasOnTheGo.Com Cultural Pride

30 MULTICULTURAL MARKETING: ‘NICHE’ STRATEGIES OR ‘MAINSTREAM’ AND GLOBALLY INTERTWINED TRENDS? www.TexasOnTheGo.Com

31 Multicultural Marketing Program at DePaul University Today, over a third of the U.S. population is of a diverse background, a seismic shift that is expected to continue. After multiple false starts, corporations are realizing that if their customers are changing, their marketing strategies also need to change. Managers, marketers, advertisers and new product developers all need to understand the implications of this change, how to best adapt their work and skills to this new reality and how to leverage these into success at home and abroad. www.TexasOnTheGo.Com

32 Multicultural Marketing Program at DePaul University The projected buying power through 2013 of African Americans, Asians, Native Americans and Hispanics represents "formidable economic clout," according to a 2008 University of Georgia Selig Center report, which noted that the African-American market ($913 billion) and the Hispanic market ($951 billion) are "larger than the entire economies of all but 13 countries in the world." And by 2023, more than half of U.S. children under 18 years of age will be from a diverse background, according to the U.S. Census. www.TexasOnTheGo.Com

33 DEMOGRAPHIC ETHNIC PREFERENCES MULTICULTURAL SOCIETY www.TexasOnTheGo.Com

34 Welcome! Are you talking to me? Bienvenido! ¿Usted está hablando conmigo? Bienvenue ! Me parlez-vous ? 歡迎 ! 您與我談話? 환영 ! 당신은 저 말하고 있는가 ? स्वागत ! क्या आप मुझसे बात कर रहे है ? Hoşgeldin! Benimle konuşuyor musun? Καλώς ορίσατε ! Σε μένα μιλάς ; www.TexasOnTheGo.Com

35 35 Texas Diversity Uniting Family, Friends, & Business Associates

36 Changes in Media in Texas Re-definition of the traditional media Circulation reduction and Newspapers cutting pages, employees Digital Radio Univision was the #1 network nationwide in primetime among Adults 18-34 for week of 6/29-7/05, beating ABC, CBS, NBC, FOX and CW www.TexasOnTheGo.Com

37 Conversion Into Mobile Devices TV/Cable/Networks Newspapers Digital Radio Digital TV Online Publishers FULL CIRCLE IN MARKETING www.TexasOnTheGo.Com

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41 Re-definition of the Media and their role on society Traditional Media Newspaper ad revenue down 29.70% in the first quarter from the 2008 Source: Newspaper Association of America Stop the Press contemporary print journalism reading habits and comfortable routines established around that quiet time when it's just you, a newsprint rag, a cup of coffee and a comfortable chair www.TexasOnTheGo.Com

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44 Changes in Marketing Budget www.TexasOnTheGo.Com

45 There are many platforms: Web sites Blog activity (read, post or publish) Social Media/Social Networking Message Board/Forum Search Engines (SEO) Microblogging (Twitter, Yammer) www.TexasOnTheGo.Com

46 Confused about “STRATEGIC PLANNING” www.TexasOnTheGo.Com

47 Interactive Marketing “The landscape of interactive marketing has evolved so much since the advent of the Internet 20 years ago… it’s becoming increasingly difficult for marketers to choose the best tools from this complex web of possibilities and really do a great job marketing online.” Nick Weynand President and Strategy Director TradeMark Media www.TexasOnTheGo.Com

48 What to do???? www.TexasOnTheGo.Com

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50 Strategic Planning “In order to do this efficiently/successfully you need a very solid interactive marketing strategy, one that consolidates the most useful platforms for your audience and product and sets forth a clear plan of action that will meet your end goals.” www.TexasOnTheGo.Com

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52 So, maybe playing the Lottery is not a good idea at all! www.TexasOnTheGo.Com

53 At $6.5 Billion, Facebook is Now Worth More than CBS www.TexasOnTheGo.Com

54 But there is not a perfect formula!!!! www.TexasOnTheGo.Com

55 Be always flexible to adapt and go with the flow Takeaways What permanent changes in marketing tactics and strategies has this already long, painful recession caused? DEMOGRAPHY has changed. Target Market has changed. Are you talking to them? Are they talking to you? And are you ready? www.TexasOnTheGo.Com

56 eMarketers Graphics Nielsen Research AMA TexasOnTheGo.Com bibliography www.TexasOnTheGo.Com photos Sahnya Shulterbrandt

57 THANK YOU! SAHNYA SHULTERBRANDT TEXASONTHEGO.COM SS@TEXASONTHEGO.COM CELL 281.961.0963


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