SlideShare a Scribd company logo
www.HispanicMarketAdvisors.com
The Hispanic Ticket Market: Reaching Latinos
           and Hispanics Online

Friday, January 20, 2012

10-11:30am (EST) / 11am – ASTOR BALLROOM

Sebastian Aroca, Managing Partner
sebastian@hispanicmarketadvisors.com
www.linkedin.com/in/sebastianaroca
@hispanicmarkets

If questions arise after this presentation, please feel free to
email them to me.


              Tapping into Hispanic Internet users                1
www.HispanicMarketAdvisors.com
The Hispanic Ticket Market: Reaching
    Latinos and Hispanics Online
What will we cover during this presentation?

   The “big” picture – what piece of the “pie” is the
    Hispanic market?
   What are the overall Hispanic consumer trends?
   Why is it relevant to consider the Hispanic
    market in your overall business plan?
   What (general) advice do we give companies
    looking to enter the Hispanic market?




          Tapping into Hispanic Internet users           2
www.HispanicMarketAdvisors.com
Who is Hispanic Market Advisors?
  Hispanic Market Advisors ® is a boutique online agency
  that helps companies of all sizes to improve their
  online presence through Hispanic search engine
  marketing (SEM) techniques to reap the growth of the
  Latin American and US Hispanic market.

  Hispanic Market Advisors ® offers premium English to
  Spanish translation and Hispanic SEM services.




              The Hispanic Ticket Market                   3
Hispanic, Latino, or Spanish origin?




                                                    www.HispanicMarketAdvisors.com
Sizing Current and Potential Hispanic Markets   4
www.HispanicMarketAdvisors.com
       The “big” picture – what piece of the “pie”
              is the Hispanic market?

Population - the fastest and largest growing segment of the U.S.
      population: accounted for 15.3 percent of the U.S. population
Purchasing power: amounted to $951 billion in 2008, 8.9 percent of the
      total. Selig Center for Economic Growth projects that purchasing
      power for Hispanics will continue to grow throughout 2012-2013
Latinos largest markets: Texas, California, Florida, New York, New Jersey,
      New Mexico, Nevada, Illinois, South Carolina, North Carolina,
      Georgia, Washington, Arizona
Segmentation – who to target? acculturation, language usage and
      preference, nativity, and country of origin




        Sizing Current and Potential Hispanic Markets                        5
Hispanics Account for More than Half of Nation's
              Growth in Past Decade




                                                       www.HispanicMarketAdvisors.com
   Sizing Current and Potential Hispanic Markets   6
Hispanic buying power is expected to grow 50
percent in the next five years, from $1 trillion in
          2010 to $1.5 trillion in 2015




                                                          www.HispanicMarketAdvisors.com
  Sizing Current and Potential Hispanic Markets       7
Latino Populations in Select U.S. Metropolitan Areas




                                                           www.HispanicMarketAdvisors.com
    Sizing Current and Potential Hispanic Markets      8
What language do US Hispanics use or prefer?




                                                   www.HispanicMarketAdvisors.com
             Market segmentation               9
What language do US Hispanics use or prefer?




                                                    www.HispanicMarketAdvisors.com
        Hispanic Cyberstudy 2010 by AOL        10
Why entering the Hispanic market?




                                                     www.HispanicMarketAdvisors.com
  Univision video, BILINGUALISM: not a minus!   11
www.HispanicMarketAdvisors.com
    Digital strategies and tactics to reach
                  Hispanic market:
   Having a Spanish-language version of your site (translated, localized,
    and SEO optimized)
   Establishing strategic alliances with Hispanic associations and
    Chambers of Commerce
   Building content syndication partnerships
   Focusing on Hispanic IPs
   Behavioral targeting
   Conducting organic Hispanic SEO/SEM and pay per click advertising
   Engaging Hispanic customers through Hispanic local media and brand
    Facebook pages
   Using Hispanic celebrities or well-known reputable bloggers as brand
    Ambassadors
   Launching a special promo during the National Hispanic Heritage
    Month, Sept. 15 to Oct. 15


General advice for companies looking to enter the Hispanic market            12
Check your Map Overlay Analytics




                                                                         www.HispanicMarketAdvisors.com
General advice for companies looking to enter the Hispanic market   13
www.HispanicMarketAdvisors.com
What are the overall Hispanic consumer
                 trends?
    Hispanics will continue to consume digital and
     video content
    Hispanics will continue to consume social and
     mobile content
    Hispanics will continue to trade down
    Hispanics’ coupon usage will continue to grow
    Hispanics will require high standards of privacy and
     security


                 Hispanic consumer trends                   14
www.HispanicMarketAdvisors.com
Why is it relevant to consider the Hispanic
    market in your overall business plan?
   Hispanics historically have been “trendsetters in defining
    media-consumption habits” in the United States
   One 2012 projection is that those Brands with a Hispanic
    market focus with determination and discipline will
    continue to see more rapid growth.
   Selig Center for Economic Growth projects that purchasing
    power for Hispanics will continue to grow throughout 2012-
    2013.
   Seventy-nine percent of Hispanics use the Internet to
    research products before purchasing them and companies
    before doing business with them, according to Ipsos
    released results of its U.S. Hispanic Omnibus study in 2009


      Hispanic marketing as part of your overall business plan    15
www.HispanicMarketAdvisors.com
 Recommended steps to assess your Hispanic
        market initiative/opportunity:
I. Sizing Your Online Hispanic Market
            Sizing Individual Markets for Products and Services
            Researching Potential Market Situations
            Determining Competitor Influence
II. Creating Valuable Hispanic Consumer Profiles to Determine Challenges and
        Opportunities
            Mastering Hispanic Consumer Profiles
            The Strength of the Spanish Language in Marketing
            Spanish Etiquette and Cultural Nuances
III. Be Operationally Ready to Support a Hispanic Online Initiative
            Starting Multichannel Spanish Language Service Websites
            Providing Operationally Integrated Website Interface for Hispanic Consumers
            Helping Hispanic Consumers Access Customer Support Resources
IV. Improving on Current Resources for Hispanic Marketing




                Steps to assess your Hispanic market initiative                            16
www.HispanicMarketAdvisors.com
Digital strategies and tactics to reach Hispanic market:
http://hmas.in/digital-strategies

Overall Hispanic Consumer Trends for 2012:
http://hmas.in/hispanic-consumer-trends-for-2012

Event Ticketing Industry and the Hispanic Market:
http://hmas.in/entering-the-hispanic-market




   Ticket Summit 2012 NYC takeaways – Thank you for participating!

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The Hispanic market and the Ticket industry

  • 1. www.HispanicMarketAdvisors.com The Hispanic Ticket Market: Reaching Latinos and Hispanics Online Friday, January 20, 2012 10-11:30am (EST) / 11am – ASTOR BALLROOM Sebastian Aroca, Managing Partner sebastian@hispanicmarketadvisors.com www.linkedin.com/in/sebastianaroca @hispanicmarkets If questions arise after this presentation, please feel free to email them to me. Tapping into Hispanic Internet users 1
  • 2. www.HispanicMarketAdvisors.com The Hispanic Ticket Market: Reaching Latinos and Hispanics Online What will we cover during this presentation?  The “big” picture – what piece of the “pie” is the Hispanic market?  What are the overall Hispanic consumer trends?  Why is it relevant to consider the Hispanic market in your overall business plan?  What (general) advice do we give companies looking to enter the Hispanic market? Tapping into Hispanic Internet users 2
  • 3. www.HispanicMarketAdvisors.com Who is Hispanic Market Advisors? Hispanic Market Advisors ® is a boutique online agency that helps companies of all sizes to improve their online presence through Hispanic search engine marketing (SEM) techniques to reap the growth of the Latin American and US Hispanic market. Hispanic Market Advisors ® offers premium English to Spanish translation and Hispanic SEM services. The Hispanic Ticket Market 3
  • 4. Hispanic, Latino, or Spanish origin? www.HispanicMarketAdvisors.com Sizing Current and Potential Hispanic Markets 4
  • 5. www.HispanicMarketAdvisors.com The “big” picture – what piece of the “pie” is the Hispanic market? Population - the fastest and largest growing segment of the U.S. population: accounted for 15.3 percent of the U.S. population Purchasing power: amounted to $951 billion in 2008, 8.9 percent of the total. Selig Center for Economic Growth projects that purchasing power for Hispanics will continue to grow throughout 2012-2013 Latinos largest markets: Texas, California, Florida, New York, New Jersey, New Mexico, Nevada, Illinois, South Carolina, North Carolina, Georgia, Washington, Arizona Segmentation – who to target? acculturation, language usage and preference, nativity, and country of origin Sizing Current and Potential Hispanic Markets 5
  • 6. Hispanics Account for More than Half of Nation's Growth in Past Decade www.HispanicMarketAdvisors.com Sizing Current and Potential Hispanic Markets 6
  • 7. Hispanic buying power is expected to grow 50 percent in the next five years, from $1 trillion in 2010 to $1.5 trillion in 2015 www.HispanicMarketAdvisors.com Sizing Current and Potential Hispanic Markets 7
  • 8. Latino Populations in Select U.S. Metropolitan Areas www.HispanicMarketAdvisors.com Sizing Current and Potential Hispanic Markets 8
  • 9. What language do US Hispanics use or prefer? www.HispanicMarketAdvisors.com Market segmentation 9
  • 10. What language do US Hispanics use or prefer? www.HispanicMarketAdvisors.com Hispanic Cyberstudy 2010 by AOL 10
  • 11. Why entering the Hispanic market? www.HispanicMarketAdvisors.com Univision video, BILINGUALISM: not a minus! 11
  • 12. www.HispanicMarketAdvisors.com Digital strategies and tactics to reach Hispanic market:  Having a Spanish-language version of your site (translated, localized, and SEO optimized)  Establishing strategic alliances with Hispanic associations and Chambers of Commerce  Building content syndication partnerships  Focusing on Hispanic IPs  Behavioral targeting  Conducting organic Hispanic SEO/SEM and pay per click advertising  Engaging Hispanic customers through Hispanic local media and brand Facebook pages  Using Hispanic celebrities or well-known reputable bloggers as brand Ambassadors  Launching a special promo during the National Hispanic Heritage Month, Sept. 15 to Oct. 15 General advice for companies looking to enter the Hispanic market 12
  • 13. Check your Map Overlay Analytics www.HispanicMarketAdvisors.com General advice for companies looking to enter the Hispanic market 13
  • 14. www.HispanicMarketAdvisors.com What are the overall Hispanic consumer trends?  Hispanics will continue to consume digital and video content  Hispanics will continue to consume social and mobile content  Hispanics will continue to trade down  Hispanics’ coupon usage will continue to grow  Hispanics will require high standards of privacy and security Hispanic consumer trends 14
  • 15. www.HispanicMarketAdvisors.com Why is it relevant to consider the Hispanic market in your overall business plan?  Hispanics historically have been “trendsetters in defining media-consumption habits” in the United States  One 2012 projection is that those Brands with a Hispanic market focus with determination and discipline will continue to see more rapid growth.  Selig Center for Economic Growth projects that purchasing power for Hispanics will continue to grow throughout 2012- 2013.  Seventy-nine percent of Hispanics use the Internet to research products before purchasing them and companies before doing business with them, according to Ipsos released results of its U.S. Hispanic Omnibus study in 2009 Hispanic marketing as part of your overall business plan 15
  • 16. www.HispanicMarketAdvisors.com Recommended steps to assess your Hispanic market initiative/opportunity: I. Sizing Your Online Hispanic Market  Sizing Individual Markets for Products and Services  Researching Potential Market Situations  Determining Competitor Influence II. Creating Valuable Hispanic Consumer Profiles to Determine Challenges and Opportunities  Mastering Hispanic Consumer Profiles  The Strength of the Spanish Language in Marketing  Spanish Etiquette and Cultural Nuances III. Be Operationally Ready to Support a Hispanic Online Initiative  Starting Multichannel Spanish Language Service Websites  Providing Operationally Integrated Website Interface for Hispanic Consumers  Helping Hispanic Consumers Access Customer Support Resources IV. Improving on Current Resources for Hispanic Marketing Steps to assess your Hispanic market initiative 16
  • 17. www.HispanicMarketAdvisors.com Digital strategies and tactics to reach Hispanic market: http://hmas.in/digital-strategies Overall Hispanic Consumer Trends for 2012: http://hmas.in/hispanic-consumer-trends-for-2012 Event Ticketing Industry and the Hispanic Market: http://hmas.in/entering-the-hispanic-market Ticket Summit 2012 NYC takeaways – Thank you for participating!