The Growing Buying Power of Multicultural Audiences in the U.S
The US consumer base is becoming increasingly diverse, driving a whole new experience for how brands are targeting and engaging with multicultural audiences. As this transformation continues, brands are left wondering “What is the best way to reach my target audience in an authentic and inclusive way?”
When a brand or agency comes to Moderne and asks this question, the first thing we do is a deep dive into who the target audience is and how / where we can reach them.
In 2023, minority markets in the U.S. collectively accounted for $4.8 trillion in buying power, with projections to reach around $7 trillion by 2025 (Wordstream). These statistics highlight the growing financial power of minority groups, urging brands to create genuine connections with these communities to fully leverage their significant purchasing potential.
Why Place-Based Media Campaigns Are Key to Reaching Multicultural Audiences
To make this connection, Moderne utilizes its hyper-targeting zip code analyses along with long-standing in-market relationships to reach consumers where they live, work, play, and pray in the form of place-based media campaigns.
Place-based media campaigns allow brands to have messaging inside of a variety of venues, in some of the smallest and largest markets across the country. Our goal is for your consumer to see your messaging when they stop at their favorite corner store for a cup of coffee in the morning and again when they visit the barbershop or salon after work for a quick trim.
To enhance engagement, we can incorporate scented posters that not only capture attention visually but also create a memorable experience through scent. Additionally, posters can feature a QR code that links directly to a call to action, guiding consumers to interact with your brand seamlessly. Strategically placing these posters in high-visibility locations within the venue ensures that your messaging reaches the audience effectively, maximizing exposure at key moments.
Place-based campaigns are effective because they allow brands to:
- Target consumers in real-time where they live, work, and socialize.
- Create authentic connections with minority markets.
- Deliver hyper-targeted messaging in culturally relevant venues.
Learn more about the effectiveness of place based media campaigns in our 'Exploring the Power of Place-Based Media Campaigns' blog.
Cultural Relevance and Language in Advertising
The next step is tailoring campaigns in a way that allows your target audience to relate to the message you intend to convey, be it through the visual story your campaign tells or even the language and dialect you use.
For example, Hispanic consumers are more loyal to companies that advertise in Spanish. Specifically, citing the fact that it makes them feel like the company “respects their heritage and wants their business,” (Simmons). Furthermore, African American consumers report brand loyalty is based on a brand’s perception as authentic, culturally relevant, socially conscious, and responsible. “With 43% of the 75 million millennials in the U.S. identifying as African American, Hispanic, or Asian, if a brand doesn’t have a multicultural strategy, it doesn’t have a growth strategy,” (BOA).
When faced with reaching multicultural audiences, Moderne executes campaign tactics that connect with the consumer in their community, creating a distinctive familiarity and native feel surrounding brand perception. Our staff is made up of bilingual and diverse teams of market managers and brand ambassadors and our media programs are made possible by the longstanding relationships we have with neighborhood venues and locations. Moderne’s campaign goals always focus on valuing the culture of the consumer and helping brands earn meaningful connections.
Contact us to learn how Moderne’s place-based media campaigns can help your brand engage with multicultural audiences and drive real connections through inclusive advertising strategies.
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Dec 11, 2024 11:00:00 AM