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	<title>The Multifaceted Market Researcher &#187; Media Portals</title>
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		<title>The Market’s Reaction to the Socially Inclined E-Latino</title>
		<link>http://multimarketresearcher.com/2009/02/28/the-market%e2%80%99s-reaction-to-the-socially-inclined-e-latino/</link>
		<comments>http://multimarketresearcher.com/2009/02/28/the-market%e2%80%99s-reaction-to-the-socially-inclined-e-latino/#comments</comments>
		<pubDate>Sat, 28 Feb 2009 04:41:18 +0000</pubDate>
		<dc:creator>rommellmontenegro</dc:creator>
				<category><![CDATA[Hispanic Marketing]]></category>
		<category><![CDATA[Market Research]]></category>
		<category><![CDATA[Online Interactive Marketing]]></category>
		<category><![CDATA[Hispanic Media]]></category>
		<category><![CDATA[Internet Trends]]></category>
		<category><![CDATA[Media Portals]]></category>
		<category><![CDATA[Online Media Consumption]]></category>
		<category><![CDATA[Social Networks]]></category>

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		<description><![CDATA[A comprehensive review of the online Hispanic marketing trends that reflect the latest advances in understand how to target Latinos based on their online proclivities.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=multimarketresearcher.com&amp;blog=5908292&amp;post=97&amp;subd=marketresearcher&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><span style="font-family:&quot;">The last blog post ended by concluding that insightful marketers have already begun addressing the growing <a href="http://www.adweek.com/aw/content_display/news/strategy/e3ice058ab1756ad165832a9aedb82777fc?imw=Y">online opportunities to market to Hispanics</a>.<span> And in fact, </span>reports from TNS on Hispanic online display advertising spending in </span><span style="font-family:&quot;">the first ten months of </span><span style="font-family:&quot;">2008 measured a </span><span style="font-family:&quot;">$47 million</span><span style="font-family:&quot;"> increase  from all of 2007.  Yet despite the $212 million spent during only the first 10 months of 2008, research findings from The Association of Hispanic Advertising Agencies and the Advertising Research Foundation highlight a different understanding of those figures. <span> </span>A December ARF study <a href="http://www.ahaa.org/research/Right_Spend_2008/press%20release%20FINAL.pdf">press release</a> contends that overall Hispanic advertising spending fell short of the “8 percent investment in the Latino market AHAA recommends marketers should be spending based on population and buying power of U.S. Hispanics alone.”<span> </span>However, before marketers are blamed for not directing enough of their budgets toward low hanging Hispanic  opportunities, a concise review of the available actionable online Hispanic market information and online Hispanic media marketing channels could help explain why these opportunities to market to Hispanics were not pursued.<br />
</span></p>
<p class="MsoNormal"><span style="font-family:&quot;">Until recently the allocation of that limited Hispanic marketing budget was not assisted by the knowledge of trends describing what <a href="http://solpersona.com/?p=342">Hispanics were doing online</a>.<span> </span>According to a study performed by Adage, Hispanic internet usage exceeds the general population in the realms of instant messaging, audio/video media consumption, and social networking.<span> </span>Most recently, Dr. Felipe Korzenny bestowed upon the blogosphere the <a href="http://felipekorzenny.blogspot.com/2009/02/multicultural-world-of-social-media.html">analysis</a> that supports previous assertions about minorities leading the internet trends into social media.<span> </span>Throughout the incredibly enlightening data, the numbers show that English-preferring Hispanics’ usage of social networking sites lead if not shared the lead with Asians.<span> </span>Marketers should take special note that the difference in trends between the two Hispanic groups exhibits &amp; alludes to much more than nuances in social media usage levels.<span> </span>Yet, before speaking to the differences amongst online Latinos, overarching marketing guidelines to address commonalities should first be articulated about Hispanics online.<span> </span>Few could define this better than Dr. Korzenny:</span></p>
<p class="MsoNormal"><span style="font-family:&quot;">“Culturally, ethnic minorities tend to be drawn to collectivistic values and often look to one another to help guide decisions and opinions. In addition, ethnic minorities are more likely to leverage social networks to communicate with groups of family and friends who are geographically dispersed. Social media facilitates such collective sharing of information and communication.” </span></p>
<p class="MsoNormal"><span style="font-family:&quot;">Although the data is focused on myspace and facebook, the extrapolation of these trends to other facets of social networks is supported by the existence of some &#8220;Hispanic internet-elite&#8221; social network groups.  The most obvious of these exist on twitter and ning.com networks.<span> </span>Apart from very popular <a href="http://www.ning.com/">ning.com</a> networks such as <a href="http://network.nshp.org/">National Society of Hispanic Professionals</a>, the existence of Hispanic social networks dedicated specifically to social networkers, namely sites like <a href="www.twitteros.ning.com">www.twitteros.ning.com</a>, exhibits the degree of ethnic community sought after amongst online Latinos.<span> </span>Currently, these small and rapidly growing online enclaves have developed on Twitter through profiles like <strong><span style="font-family:&quot;"><a title="Ginx Group Following Latino Tweeters" href="http://twitter.com/TopTwittLatinos"><span class="nickname"><span style="font-weight:normal;">TopTwittLatinos</span></span></a></span></strong><strong><span style="font-family:&quot;font-weight:normal;"> </span></strong><span style="font-family:&quot;font-weight:normal;">and </span><span class="fn"><a href="http://twitter.com/blogadera">Blogadera</a>.<span> </span>These groups assert a commitment beyond the normal linkedin.com, facebook.com or myspace.com groups.<span> </span>They&#8217;re based upon being social-network savvy Hispanics who are proud of their heritage and want an online dialogue.  The kind of affiliation Latinos desire incorporates an online recognition for the adoption of the latest technology trends. The larger </span></span><span style="font-family:&quot;">and consequentially  more attractive</span><span style="font-family:&quot;"><span class="fn"> </span></span><a href="http://network.nshp.org/">National Society of Hispanic Professionals</a><span style="font-family:&quot;"> subgroups require a moderated admission or invite.   This is not to say that these are not welcoming, that is actually far from the case because these groups actively seek each other online.  This is just one example, but it is a very important one in light of the most recent research on ethnic online social media usage.<br />
</span></p>
<p class="MsoNormal"><span style="font-family:&quot;">Beyond the umbrella understanding of Hispanic online social media engagement, marketing to the coveted </span><span style="font-family:&quot;">Spanish language preferring</span><span style="font-family:&quot;"> niche must incorporate another layer of much more increasingly culture-specific targeted marketing.<span> Basic guidelines for this arena are still being developed and uncovered by marketers, but </span>SEOSAPIEN has begun to compose what amounts to clearly defined <a href="http://www.seosapien.com/blog/2009/02/tapping-into-us-hispanic-and-latin.html">Hispanic search engine marketing guidelines</a> to less acculturated Hispanics .<span> </span>The main points from one of his latest posts recommends: </span></p>
<p class="MsoNormal"><span style="font-family:&quot;">-Personalized Content must consider both geographic U.S. location and original nationality </span></p>
<p class="MsoNormal"><span style="font-family:&quot;">-Latinos will Google and Yahoo search for products they hear about offline and tend to seek and trust user generated content on those products, this alludes to the effectiveness of <a href="http://www.hispaniconlinemarketing.com/2008/08/integrated-hispanic-online-marketing-and-operations/">integrated Hispanic marketing campaigning</a>. (I would highly recommend reading this previous link, it is extremely insightful)<br />
</span></p>
<p class="MsoNormal"><span style="font-family:&quot;">-Depending on your marketing goals, Mobile media could play a huge part in your marketing campaign.</span></p>
<p class="MsoNormal"><span style="font-family:&quot;">-Using general language to avoid offending any particular nationality is a smart move.<br />
</span></p>
<p class="MsoNormal"><span style="font-family:&quot;">The importance of social media marketing, and an effective search marketing campaign now begins to give a more concrete notion of how to approach the Hispanic market through interactive marketing.  However, a cornerstone of an attractive online market are highly visited online properties.  A growing frustration of marketers interested in the U.S. Hispanic online market has been its limited online media channels.<span> There have not been many websites that have attracted and sustained a Hispanic audience </span></span><span style="font-family:&quot;"><span>reaching a critical mass </span></span><span style="font-family:&quot;"><span>within particular market niches. </span>If you contextualized this issue within the recent acknowledgments that most bilingual online Hispanics have no problem jumping between English and Spanish media, you may begin to understand the importance of measuring that Hispanic internet critical mass.<span> This  leaves marketers in dark about websites that could be receiving more advertising revenues for the Hispanic eyeballs on their sites. </span>Some anticipate a rise in online advertising costs to reach this market.<span> </span>Although online media channels options are still relatively limited, strategy is not. <span> </span>A new benefactor of Dr. Korzenny’s valuable insight, the <a href="http://www.capturagroup.com/">Captura Group</a>, an Online Hispanic marketing group is probably one of the best versed in this kind of consulting.<span> </span>They have recognized the spectrum of <a href="http://www.hispaniconlinemarketing.com/2008/10/hispanic-online-marketing-best-practices-hispanic-online-marketing/">challenges and opportunities</a> when reaching out to the </span><span style="font-family:&quot;">Hispanic</span><span style="font-family:&quot;"> online market .<span> </span>These include online sponsorship, content syndication, IP targeting, behavioral targeting and search partnerships.<span> </span>Although this point should not be underestimated these various strategic options now benefit from the fact that the top <a href="http://www.mediapost.com/publications/?fa=Articles.showArticle&amp;art_aid=100925">ten most visited websites</a> for Spanish dominant E-Latinos have been identified. </span><span style="font-family:&quot;">Seven of the coveted online properties listed below </span><span style="font-family:&quot;">belong to Spanish, Mexican and Colombian internet media companies.<span> </span></span></p>
<p><span style="font-family:&quot;">1. Weblogs SL Sites: Blog network with 30 sites based in Spain</span></p>
<p><span style="font-family:&quot;">2. Mundoanuncio: Classifieds site based in New York that serves Mexico, Argentina, and Guatemala</span></p>
<p><span style="font-family:&quot;">3. Adam4Adam.com: Gay men&#8217;s site</span></p>
<p><span style="font-family:&quot;">4. MercadoLibre: Auction site serving nearly every country in Latin America owned by eBay </span></p>
<p><span style="font-family:&quot;">5. ParaChatPro.com: Chat provider, based in California, that powers e-commerce sites and content sites like Univision.com</span></p>
<p><span style="font-family:&quot;">6. Musica.com: A music site based in Spain</span></p>
<p><span style="font-family:&quot;">7. Grupo Prisa: Owner of <em><span style="font-family:&quot;">El Pais</span></em>, based in Spain, the largest Spanish-language newspaper in the world</span></p>
<p><span style="font-family:&quot;">8. IT&amp;IS Siglo XXI: Network of four travel sites based in Spain</span></p>
<p><span style="font-family:&quot;">9. Grupo Salinas: Owner of TV Azteca properties, based in Mexico City, with a presence in the U.S. </span></p>
<p><span style="font-family:&quot;">10. <em><span style="font-family:&quot;">El Tiempo</span></em>: Newspaper based in Colombia</span></p>
<p class="MsoNormal"><span style="font-family:&quot;">The diversity represented by the content of these top sites is striking; it underscores the point that niche targeting is imperative.<span> </span>Confronted with these newly emerging online Hispanic niches and subgroups </span><span style="font-family:&quot;">enhances the competitive positioning of online social web portals</span><span style="font-family:&quot;"> as attractive and efficient marketing partners for limited Hispanic marketing budgets; enter the recently revamped <a href="http://www.Terra.com">Terra.com</a>.  At the end of January 2009,<span> </span><a href="http://www.terra.com/">Terra.com</a> announced $10 million dollars in investment that they have funneled into a complete renovation of their website and have dubbed it the: “Atom Project.” The Atom Project amounts to company-wide effort to <a href="http://www.hispanictips.com/2009/01/26/terra-launches-atom-project-in-us-and-latin-america/">redesigning their website</a> with third generation social networking tools, fresh layouts and unprecedented content integration.”<span> </span>Terra has been around for about a decade, but these latest improvements put this website at the forefront of practicing and ultimately testing the combination of guidelines that should ensure success with online Hispanics.<span> </span>Will <a href="http://www.terra.com/">Terra.com</a> be the next Hispanic –centered Facebook/Craigslist/Expedia/Youtube/Google News/TMZ in-one?<span> </span>The market will definitely take note to see if E-Latinos will validate this revamped property with their valued clicks.  Regardless of that website&#8217;s success, the tools that are now provided to online marketers gives them little or no justification for not allocating more of their budgets into one of the most attractive U.S. consumer markets.<br />
</span></p>
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