26 August 2008

26 August 2008 -- HispanicAd.com Summaries

Industry News

-Today is my last day at Creative Alliance. It’s sad to say good-bye to such a fun agency.

Segment-Specific News and/or The Competition

-A new study by DoubleClick Perfomics and ROI Research show that more and more tweens (kids ages 10-14) are spending their time online shopping for and buying products. This group is not normally included in the online shopper category, but should be considered because 83% of tweens surveyed said they spend one hour or more online everyday. This age group has significant influence over family purchases and is using the internet to research products. For more information and graphs see: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25066

-For a study based on generations and perceptions see: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25123

-MTV’s TR3’s has launched a new campaign aimed at Hispanic bicultural youth living in the U.S. The spots are collectively named: “We get you” and use comedy to reach this target audience. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25127

Technology

-Mobile ad spending is expecting to rise in the next few years. The amount spent worldwide on mobile advertising was $1 billion in 2008. In 2009, Strategy Analytics is predicting an increase to $2.4 billion in spending. For charts see: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25107

21 August 2008

21 August 2008 -- HispanicAd.com Summaries

Industry News

-Azteca Mobile, a wireless company, awarded Levenson & Hill to develop strategic media service for the U.S.-Mexico border. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25103

Segment-Specific News and/or The Competition

-Young adults across the country will compete in the Red Bull Batalla de los Gallos in L.A. The winner will go on to compete in the international MC competition in hopes of being crowned the winner. This competition was started in 2004 and has grown in popularity the last 4 years among young Hispanics and adults across the world. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25104

Technology

-Businesses are becoming more involved in social networks as more opportunities present themselves. Networks such as LinkedIn have grown in popularity the past year and experts say there is room for even more growth. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25088

General News

-People in waiting rooms of doctor’s offices and hospitals want something to read! And a new study shows, they are reading, and remembering the advertisements they see. According to Health Media Network (HMN), 86 percent of people exposed to advertisements in waiting rooms could recall at least one ad they saw. This article reminded me of the book – “Why We Buy,” by Paco Underhill because in the chapter about signage, Underhill suggests putting signs where people want something to read. What else would you do in a waiting room but scan the walls for something interesting to distract you? This may not relate to our clients, but it is still an interesting article. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25099

19 August 2008

19 August 2008 -- HispanicAd.com Summaries

Segment-Specific News and/or The Competition

-More Hispanics are going to the movies! The average number of tickets sold per Hispanic customer is 10.8, compared with 7.9 tickets in the general market. The same is true for rentals and DVD purchases. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25076

-About 80 percent of children ages 12 to 17 in the U.S. are online, according to eMarketer and that percentage is expected to increase to 87 percent by 2011. However, not all advertisers are following their lead. Over half of ad spending by food and beverage companies targeting children and young teens went to traditional media, according to the FTC. For more data, see: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25067

Technology

-Fewer people are being effectively reached by e-mail advertising according to a new study by JupiterResearch. The study shows that more people are using social networking sites and texting more often than they use email and tend to regard advertisements as junk mail. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25073

General News

-Lots of facts and figures about all types of enrolled students across the U.S. here: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25078

15 August 2008

15 August 2008 -- HispanicAd.com Summaries

Industry News

-Happy Birthday to Rico!!! http://www.someecards.com/upload/birthday_n/you_dont_look_a_day.html

Media Related

-eMarketer predicts that advertisers in the U.S. will spend $24.8 billion online this year. For more information see: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25045

Technology

-Mobile Video Advertising messages are becoming more common and are expected to grow according to eMarketer. This is attributed to recent updates in mobile phones, such as the iPhone. Ad spending to expected to follow iPhone’s lead, but by how much, is still just speculative. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25035

-Social networking sites, like Facebook, have grown internationally. While U.S. growth remains relatively stable, international growth has sky-rocketed. Social network sites that are growing, have become more open culturally. Latin American growth is up 33%, Europe growth is up 35% and Middle East-Africa growth is up 66%. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25038

Also look at: http://valleywag.com/tech/data-junkie/the-world-map-of-social-networks-273201.php

General News

-According to U.S. Census Bureau projections, the U.S. population will be older and more diverse by midcentury. Minorities are expected to become the majority by 2042. The 85 and older population is expected to triple by 2050. For more statistics, see: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25049

12 August 2008

12 August 2008 -- HispanicAd.com Summaries

Industry News

-The 3rd Annual Hispana Leadership Summit will be held in Albuquerque, New Mexico on September 11th-13th. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25014

Segment-Specific News and/or The Competition

-The U.S. Census Bureau has compiled information about minorities in the U.S. Los Angeles County led the pack with the largest Hispanic population of any county in the nation (4.7 million). For more data, see the article: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25009

Media Related

-Mediamark Research and Intelligence has released new findings regarding how consumers prefer to receive advertising messages through the media. Consumers are grouped into six different segments based on the types of messages they like best. 17% of those surveyed agree that mass media is effective while another 17% prefer print media. People that are disinterested in any media are labeled “ad adverse” and comprise 32% of the group (the majority segment). 9% prefer new media forms like product placement or celebrity endorsers. This group is generally younger than the others. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25012

Technology

-From 2003 to 2008 there has been a significant change in the number of college students going mobile. 7 in 10 students now own a laptop and fewer students own a desktop. More students have cell phones and MP3 players and fewer have landlines. For more specific data, see: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25024

General News

-Jack Gordon, the president of AcuPOLL Research, Inc., suggests that the best brands take advantage of in-store branding and creative packaging. For more information see: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=25027

06 August 2008

6 August 2008 -- HispanicAd.com Summaries

Industry News

-HispanicAd.com teamed up with Cyber-Surveys.com to produce a study on professional in the media world. Highlights of the results are available now and additional data will be available soon. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24996

Media Related

-U.S. Hispanic ad spending is majorly centered around television ads. Most of the money spent goes towards television, radio and newspapers according to a HispanTelligence and TNS Media Intelligence. The internet accounts for 4.6% of all ad dollars spent. For more statistics see: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24983

-Telemundo is launching a new series on the web. The series highlights women in Hispanic culture and the difficulties they face that society ignores. This is part of a bigger campaign to empower U.S. Hispanic women through the media. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24991

Technology

-New research shows that approximately 36 million Americans are printing coupons from the web. This is a 10 million person increase from 2005. Experts cite the poor economy and expanding internet as the motivation for the increase. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24990

31 July 2008

31 July 2008 -- HispanicAd.com Summaries

Industry News

-Home Depot has put its entire account up for review, including their Hispanic marketing efforts.

-Advertisers and marketers are becoming more and more creative in order to cut through the clutter that consumers face everyday. Companies such as Right Guard, Oreo, and Papa John's have developed creative outdoor strategies for attracting attention, and others are following their lead. Using unique opportunities to advertise is becoming more popular as traditional forms of advertising are becoming less effective. Check out this article for pictures and more information: nytimes.com

Segment-Specific News and/or The Competition

- According to a recent study done by the FTC, 44 major food and beverage marketers spent $1.6 billion on children and adolescents in 2006. Advertising directed at these groups usually includes integrated campaigns through TV, packaging, the internet, etc. Since 2005, when the FTC called for more awareness of childhood obesity, there have been significant changes in healthful marketing towards children and adolescents (according to FTC research). http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24945

Technology

-eMarketer estimates that by 2012 there will be approximately 30 million Hispanics online in the U.S. However, this population is not homogeneous in the sense of culture and values, making it difficult for advertisers and marketers to reach this entire group. Campaigns must be able to appeal to a wide Hispanic audience or be flexible to fit multiple groups. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24948

General News

-The number of illegal immigrants has declined according to monthly Census Bureau data. Since its peak in August 2007 until May 2008, illegal immigration has declined by approximately 11 percent (as an estimate). For more information and a complete summary of the findings see: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24954

29 July 2008

29 July 2008 -- HispanicAd.com Summaries

Industry News

-The 2008 Hispanic Fact Pack is available to download here: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24924


General News

-According to Pew Hispanic Center research, registered Hispanics prefer presidential candidate, Barack Obama over John McCain 66% to 23% in the upcoming election. It seemed like the Hispanic vote would not go to Obama considering Hispanics favored Hilary 2 to 1 in the primaries. However, the majority of Hispanics (53%) say that his race is not an issue when choosing to vote for him. 76% of Hispanics consider Obama to be a favorable candidate while only 44% consider McCain a favorable candidate (and 27% consider President Bush favorable). http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24912 For more on Latino voting statistics see: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24913

-Latin American SME’s are facing challenges as globalization becomes more of a reality for the region. The competition that stems from growth is causing a shortage of skilled workers for these enterprises. SME’s also face problems in terms of organization internally. See the article for specific statistics: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24914

24 July 2008

24 July 2008 -- HispanicAd.com Summaries

Industry News

- In 2006, Time Magazine selected “You” as person of the year. That has increasingly been the case as time passes. Marketers need to be aware that now the consumer controls the companies. Today, more people are concerned with being socially conscious. However, companies spent only $16 billion on charity compared with $300 billion on advertising and marketing. The author, Joe Marchese, is suggesting that companies spend more to fund charities to please more people today. This will in turn get people to buy their products. Believe it or not, it’s one side to the story… http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24885

General News

-Coastal Center for Obesity and Rancho Specialty Hospital have created a campaign that targets Hispanics and relates to the growing problem of obesity. The TV spot features real patients that have struggled and succeeded in fighting obesity. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24884

22 July 2008

22 July 2008 - HispanicAd.com Summaries

Industry News

-PODER Magazine has acquired Hispanic Enterprise Magazine. The company already has publications in Miami, Mexico, Colombia and Chile and is adding local editions in Venezuela, Argentina and Peru. The publication hopes to grow but will maintain its exclusive content partnership with The Economist. It will add sections devoted to promoting Latino Business and giving advice to entrepreneurs.

HispanicAd.com article: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24878

PODER web site: www.poder360.com

Segment-Specific News and/or The Competition

-

Media Related

- According to a recent Arbitron, Inc. radio ratings survey, more Spanish-language dominant Hispanics listen to the radio than any other race/ethnicity category in Los Angeles. To see charts about this data, please refer to the link. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24859

Technology

-The retail industry is expected to grow significantly in the next 10 years, but electronic sales and related technology services will not see benefits from this jump. This article discusses ways to “brand” such technology services. This may not be directly related to Hispanics, but it is important to note in the overall business world. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24860

General News

-According to Nielson research, more and more consumers are looking for ways to save money. They say this is due to rising gas prices and in turn other raw material goods. Consumers have changed their shopping patterns in order to save gas such as shopping in larger stores where they can get most of the items they need. Online shopping and carpooling has also increased. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24871

21 July 2008

Chapter 4, "Mind Your X's and Y's" By: Lisa Johnson

Chapter 4: Give Me Brand Candy: Everyday Objects Get Sharp, Delicious, Intuitive Design

General Summary- The chapter starts with a summary of how the brand, Motorola, repositioned itself in the marketplace. The company launched the RAZR in August 2004 and it exceeded all expectations and impressed the general public and top executives in the industry. This success was greatly related to innovative design.

Later in the chapter, Johnson describes “why we crave brand candy” using 12 different characteristics. See page 85 for a list of these characteristics. Basically, Johnson says that design creates a way for consumers to differentiate from other brands in the market.

Case Studies-

-When iPod created the iPod Nano, many design elements were in play. The uniquely small shape of the MP3 player made it a challenge for engineers to fit everything in.

-Fisher-Price has a design innovation center they call “the Cave” where marketers and toy designers work together to come up with new ideas for toys. At first, employees were skeptical to this new layout, but executives say it has been successful for the company.

-3M is a company that knows what their customers really want when they ask for something. Employees are trained to get down to the root of the problem a customer is facing and solve that through innovative thinking.

16 July 2008

16 July 2008 -- HispanicAd.com Summaries

Advertising Agency News

Segment-Specific News and/or The Competition

-The popular brand from Mars Candy, M & M’s, has announced a campaign which stars two prominent Hispanic celebrities. Wilmer Valderrama and Christina Saralegui will appear in print ads as part of M & M’s “Inner M” concept. The brand is trying to reach the Hispanic population in the U.S. The ads will soon appear in People En Espanol. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24838

Media Related

-A new study was released that shows that young adults, along with the general population are using text messaging more. U.S. young adults, ages 18-34 sent an average of 13 texts per week. To see the complete results of the study, visit this link: http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24804

Technology

-Some scientists are saying that the younger generations are so impacted by video on the web and other technologies that it could affect the way the brain functions. More and more sites are offering video content on the web and more and more people are tuning in. The relationship between receiver and sender is more personal through video and image content on the web. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24830

General News

-MillerCoors has announced that it will be headquartered in downtown Chicago. This will bring about 300 to 400 new executive positions to the city. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24841

14 July 2008

Chapter 3, Mind Your X's and Y's By: Lisa Johnson

Chapter 3: Make Loose Connections: The New Shape of “Families” and Social Networks

General Summary- The music industry relies on MySpace.com for much of its new music talent. Often bands will preview songs on MySpace before they are sold in B and M stores. Online communities are starting to take control of the buying world. Sites such as epinions.com and buy.com allow viewers to see raw, unedited opinions on a variety of products. More and more of these are popping up and consumers are becoming smarter buyers. These sites can be a blessing for small projects that would not have been successful without the support of certain niche groups on the web. However, it can be the downfall of projects that are deemed “bad” in the minds of bloggers.

More people are turning to online communities to make connections. The friendly neighborhood scenes of the past are no longer as relevant and are being replaced with online niche communities and social networks. People are looking for ways to interact and connect that they would not ordinarily find.

Case Studies-

www.DateMyPet.com is an example of niche networking that provides a unique relationship for members. The site is not all about dating, but rather connecting pet lovers to other pet lovers.

www.facebook.com is similar to MySpace, but is geared more towards the college student. The site has recently created a high school network and now allows anyone to join. However, the majority of the members are college aged.

www.43things.com connects people who have similar life goals with one another. Members can choose from a set of popular goals or can create their own. Other members can “cheer” on members who are trying to reach a certain goal.

www.flickr.com allows members to post and share photos with friends and online communities. People can leave comments on photos and can “tag” friends in photos.

11 July 2008

Advertising Age Summary 7 July 2008

“The Changing Face of the U.S. Consumer”

This article uses U.S. Census data to analyze some of the changes that have occurred across the United States and how these changes impact marketers today. Two of the most significant changes include: an aging population in the Northeast, and growing diversification among the younger generations. Toward the end of the article, immigration is mentioned, specifically as it relates to the market and the economy.

Many of the statistics show that people living in the Northeast are older and have fewer or zero children than the average household. This poses a challenge to marketers in this area as these household’s spending on products is typically lower. The older generations tend to save their money and are more cautious when buying products. Also, they are more likely to buy a service rather than a product. The median age for women is 39.8 years in the Northeast, compared with 35.9 years in the West. Older couples/households tend to look for ways to avoid risk. Knowing this, marketers should emphasize the quality and experience of their products through testimonials and warranties.

Another challenge faced by this change is that many older generations are not ready to accept or try anything new. They also tend to hold grudges over a brand. If a brand is trying to reinvent itself, it is often very difficult to convince the older population to accept a certain change.

The other major change discussed in the article is the growing diversification among the younger generations. Generations X and Y are smaller than their parent’s Baby Boomers, but immigration is helping add to their numbers. In general, the Baby Boomers had fewer children than their parents did which created a smaller amount of growth between the Boomers and the Connected Generation (X and Y). However, immigration is playing a key role in filling in the gaps. In turn, this creates a much more diverse younger generation. This group is open to new products, brands and ideas and is more accepting of progressive ideologies. The West and South have the greatest percentage of Hispanic households while the Northeast and Midwest have the greatest percentage of White, non-Hispanic households. Within age groups, 18 and under have the largest representation of Hispanics (21%) and the smallest representation of White, non-Hispanics (57%) compared to the other age groups. The oldest segment, 65 and older is only 7% Hispanic and 81% White, non-Hispanic.

The article ends with a discussion of some of the myths of immigration and who is pro and con on the issue. The author argues that immigration is necessary for growth in the U.S. due to the shrinking number of children in the younger generations. The older generations need people to service them and this new labor force will come partly from immigrants. Also, the author points out that the people who oppose immigration the most are generally those who live in places with few immigrants. Those that live in places with more immigrants are more likely to support immigration.

10 July 2008

HispanicAd.com 10 July 2008

Advertising Agency News

Segment-Specific News and/or The Competition

-The Hispanic Youth Culture Report of 2007 is out. It shows the immense power this demographic has in the U.S. today and the reach is only growing. Parts of the study show what Hispanic youth value in terms of brands, and of future concerns. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24799

Media Related

-The Nielson Company has announced a study comparing video and TV usage within television, the internet and mobile devices. Usage for each one of these has increased. Despite worries that television is going to disappear, it continues to have a steady 1% yearly growth rate. For more on the study, check out the article. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24781

Technology

General News

-I could not open this on my computer, but maybe it will work on yours. This study discusses how the media is doing in today’s economic society. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24797

-Similar to the previous article, there is another one relating to the economics of advertising, which goes more in depth about the current history of advertising dollars as it relates to real GDP growth. The author predicts that there will be growth for advertising spending, but not in the near future. The patterns of advertising spending during the 90s and 00s are also mentioned in the article. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24798

Chapter 2, Mind Your X's and Y's By: Lisa Johnson

Chapter 2: Raise My Pulse: Adventure Takes Its Place as the New Social Currency

General Summary- The chapter starts by discussing a small business called, “Vocation Vacations,” created by Brian Kurth. This unique company has grown in the past years and allows customers to buy 2-day vocation vacations in various career fields. There are many careers to choose from and Kurth does take requests. His company has not done any advertising since its start and relies solely on word-of-mouth. Kurth attributes his success to human’s desires to be adventurous and try new things. He believes this rapidly increased after 9/11 as people became more aware of their own mortalities. Go to the web site to see how it’s grown: http://vocationvacations.com/

The service industry has drastically changed and expanded as people increasingly crave new experiences and adventures. They want to learn something and be able to tell a story about it. In order to apply this to a business, one should consider employees as mentors, helping the customers achieve a goal or perform a certain task.

08 July 2008

8 July 2008 - HispanicAd.com Summaries

Technology

-53% of the average marketers budget is now being spent online, compared to the 44% spent offline. Only about 4% of those polled said they spent "offline only." The article shows two graphs - one that compares online and offline spending and one that predicts the percent change of online spending in the future. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24765

Advertising Agency News

-ZenithOptimedia has made predictions about the growth of the advertising industry in the next few years. They expect only a 1% growth rate after adjusting for inflation for the year ending 2008. However, 2009 and 2010 show more promising results. Check out the article for more details. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24767

-RL Public Relations will now help the Braille Institute in California reach its Hispanic audience. Apparently blindness within the Hispanic community is rapidly increasing and the Braille Institute needs a way to reach this group. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24772

General News

-The Carnegie Corporation of New York started an ad campaign celebrating notable immigrants to the United States. The first part of the campaign included a full page ad in the New York Times on July 4th. In the campaign, immigrants from all different backgrounds are featured and acknowledged. The main purpose of the campaign is to make immigration one of the focuses of the upcoming election. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24775

03 July 2008

Chapter One, Mind Your X's and Y's By: Lisa Johnson

Chapter 1: Shine the Spotlight: Extreme Personalization Gives Marketing a New Face

General Summary- Gen X and Y crave the spotlight because they understand the media and how it works and are tired of it. They want the attention to themselves and to be celebrated. Johnson explains 9 ways as to why Gens X and Y crave the spotlight. A lot of it has to do with Reality TV and everyone wanting and waiting for their 15 minutes of fame. Many people have seen friends or family succeed and think that the same will happen to them. Gens X and Y want to be watched. However, it is clear that the spotlight must come from another source. Self-promotion is not cool.

Case Studies to check out-

The first case study which is referenced throughout this chapter details the University of Oregon football recruiting strategy. This marketing team developed innovative ways to set themselves apart from the competition and help prospective recruits visualize themselves at Oregon.

Another interesting case study described Jones Soda Company. This company is incredibly interactive with its customers, allowing them to submit photos for labels and fortunes for bottle caps. Their web site is a tribute to their customers and celebrates their loyalty to the brand. Jones even has a special offer where customers can create their own 12-pack of soda – choosing the flavor and designing the label. This site is very fun and definitely worth checking out if you find the time. http://www.jonessoda.com/index.php

3 July 2008 - HispanicAd.com Summaries

Advertising Agency News

-Joe Marchese says that this new world of social media calls for a “reinvented agency.” He says agencies should no longer have “campaigns,” but have “conversations.” There should be a long-term commitment to a brand. He says agencies should listen to what the consumers have to say and react accordingly. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24736

-Heineken has named Dieste, Harmel and partners its agency for Hispanic promotional duties. The agency will develop a brand experience for Hispanic adult Heineken customers. Most of the ideas and activities will be promoted through G2. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24746

Segment-Specific News and/or The Competition

-I noticed an advertisement for MTVtr3’s on the HispanicAd.com web site and it intrigued me. You might want to take a look at it if you haven’t already. It is very interesting and combines a lot of English and Spanish words on the site. http://www.mtvtr3s.com/

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02 July 2008

Mind Your X's and Y's: Introduction, By: Lisa Johnson

Introduction:

General Summary- Generations X and Y can be combined and called the “Connected Generation.” Many of the people in these generations are early adopters and respond well to new technologies and innovations. Much of the old advertising does not work on these savvy generations as they tend to tune out messages that do not concern them. Johnson claims that the Connected Generation uses five criteria (experience, transparency, reinvention, connection, and expression) when making purchases and life decisions. She says marketers and advertisers should keep these qualities in mind when selling to this generation. Johnson states “The 10 Consumer Cravings” that drive the market and will explain each one more in depth later in the book.

Specific Sections to consider-

p.3 – Under “The New Consumer Playground,” Johnson describes that the old market was a structured, like a playground. There were rules and methods to follow. She says that now the market is changing and that it is “living, breathing, and constantly evolving.”

p. 4 – Under “Introducing the Connected Generation,” Johnson claims that what links Gen X and Gen Y (the connected generation) are their attitudes and worldviews.

p. 5 – Under “X and Y Lead the Charge,” Johnson describes these generations as major multi-taskers which effects the way they view advertising. Also, as they grow older, many of the people in Gen X and Y are becoming the business leaders of today. This means that even B2B marketing and advertising will change.

The Five Essential Criteria-

Experience – Members of the Connected Generation want more adventure and crave adrenaline in all that they do. Johnson gives the example of many people wanting to volunteer their time at soup kitchens rather than hand a check to a faceless charity. People want to actively participate in something and be able to tell stories. “In the new playground, experience is currency,” Johnson writes on page 8.

Transparency – Before, people were concerned with hiding their flaws and only promoting the best sides of themselves. Today, people crave transparency, something more realistic. Johnson sites Jackie Huba as claiming that the increase in the number and frequency of bloggers is related to this desire for transparency. Bloggers talk about brands and share their ideas and link to each other. People want the truth and many blogs are dedicated to holding the media accountable and uncovering scandals and wrongs. They monitor the community and report if something is wrong and demand a solution.

Reinvention – People want what is “new, better, faster and more efficient.” If a product does not work, they will move on (fast). This generation is constantly looking for what is new and different.

Connection – Johnson says it best- “The new market runs on cooperation. It’s about people blending their talents and perspectives to improve the experience for everyone” (P. 11). Marketers and advertisers used to focus on simply communicating to the customer as a one-way form of communication. Today, it should be more of a conversation because people want to participate in the market. People want to share and there is power in this. Connections of people can be very influential.

Expression – Johnson says that the saying, “Anything is possible” drives the new market. People are willing to do almost anything to succeed or experience something new. Personal expression is also big in terms of how a person presents him/herself to the world. Everything from the type of car you drive to the ring you wear is carefully decided to express something about yourself.

01 July 2008

1 July 2008 - HispanicAd.com Summaries

Advertising Agency News

-Telefónica announced that it is launching a plan to globally advertise on mobile phones. This company will be the sole contact for agencies wishing to buy space, making it easier than ever to reach mobile customers. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24730

Segment-Specific News and/or The Competition

-Recently, Pizza Hut launched the product, Tuscani Pastas. Now, they have produced a Spanish spot entitled, “Cooking Shows.” The ad, shot in Mexico City, captures the reactions of real people when they learned that the pasta they ate came from Pizza Hut, not from a gourmet chef as they had expected. Pizza Hut’s chief marketing officer said this product has been very popular and successful in its markets. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24703

-A study shows that more and more kids are using portable digital devices and cell phones. More than 2/3 of kids have access to a computer or laptop and claim they use this more than television (75%-computer and internet; 70%-T.V.). http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24717

Media Related

Technology

-Studies show that by the end of 2009, more than 2/3 of the U.S. population will be going online (approximately 200 million people). As many experts have been saying, this will change the face of marketing. This particular study suggests that behaviorally targeted marketing will be the best use of advertising dollars. Although there are some privacy concerns, this seems to be the best solution to this issue according to the researchers. (See full article for statistics) http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24726

General News

-A new report shows that many immigrants are not all migrating to major cities, but instead are embracing small towns across the United States. This report is based on recent U.S. Census data that shows the relatively new trend. Many small towns are facing challenges and opportunities because of this movement. http://hispanicad.com/cgi-bin/news/newsarticle.cgi?article_id=24723

24 June 2008 - Poder Articles

“The New Balance”

This article first discusses the rising powers of other nations besides the U.S. as the U.S. influence in the world declines. Many people in the U.S. fear this as an attack on the country’s power and dominance, but Fareed Zakaria (international editor for Newsweek) explains this phenomenon as “post-Americanism” rather than anti-Americanism. This “rise of the rest,” as Zakaria calls it, has helped countries in Latin America such as Mexico and Brazil. These countries are quickly becoming global players in the industrial world.

While many have feared that this rise was motivated as a rebellion against U.S. powers, Aturo Sarukhán (Mexico’s ambassador to the U.S.) says this is a “false dichotomy.” Thomas L. Friedman claims that the U.S. has the potential to be a great nation; it simply needs to focus on “its internal challenges.” Some say Latin America would benefit from the U.S. if/when it changes this through changes in foreign relations such immigration and trade policies.

Guatemala on the Brink”

More than 10 years after the signing of the Guatemalan peace accords, Guatemala has a new president who faces challenges of governing the country and alleviating crime and poverty in the country. President Colom has set the bar high when promising to raise the standards of living for the lower class living on less than $1 a day (about 7 million citizens). His goals for the country are great, but Eric Farnsworth questions the possibility of achieving these goals.

Guatemala’s history shows that the government has not always had the best relations with the governed. Farnsworth says this needs to change before the President Colom can move forward. He says crime needs to be delegitimized so that it is not as widespread or accepted. Along with this, it is necessary to create jobs for former participators in the drug and criminal world. Farnsworth says Guatemala could accomplish this by partnering with countries such as the U.S., Mexico and Brazil to “build a more integrated energy market, including electrical interaction and alternative fuels.” Ultimately, President Colom needs to be decisive in his policy making and take action to generate growth.

“Olvidaste tu Password?”

The author, George Munoz discusses the relevance of Spanglish in American culture today. During his childhood, he was surrounded by bilingual people and it was a rule that he could not mix the two languages. However, he argues that today “Spanglish is slowly engulfing our society; and we should not resist it.”

This relates to the advertising world because Munoz claims that advertisers are catching on to Spanglish and using it to their advantage. He says, “Advertisers have discovered that mixing the right English and Spanish words can trigger the emotional reaction advertisers are seeking with consumers.” More and more children are watching the television show, Dora the Explorer which uses Spanglish in its episodes. This may suggest that this is where advertisers should start to focus as these children grow up.

“How the Numbers Add Up”

Marketers need to watch out for the Hispanic youth population. “About 63% of Hispanics are under 34 years of age, compared to 37% of non-Hispanics.” Hispanics make up 21% of the total population segment age 17 and under. Although Hispanics represent a relatively large portion of the youth population, they are less prevalent in the 65 and over segment (92% are non-Latinos in 2013). This portion of the population is not going away and will continue to impact the markets in the future. (See article for graphs)

“The Farc Files”

E-mails and written documents have come out since the death of Raul Reyes, a senior leader of the FARC guerillas, which show the relationship between the terrorist group and Venezuela’s president, Hugo Chavez. The EU and the U.S. both consider the group to be a terrorist organization, but they are trying to convince the world that they are a “belligerent force.” The e-mails show that Mr. Chavez gave $300 million to the FARC, however it is unclear if this was “a loan or for solidarity.” Many Republican leaders in the U.S. say that since these e-mails have surfaced, Venezuela should be declared a “state sponsor of terrorism.” This could force the U.S. to impose trade sanctions on the country. However, this is unlikely to occur because Venezuela supplies about 10 percent of U.S. imported oil.

“Troubled Family Values”

The Latina family structure is changing. Many more mothers are single mothers living below the poverty line. The article states: “probably for the first time, half of all Hispanic children in America were born out of wedlock.” Some blame America for this problem, but the article claims it is the “combination of American inner-city norms and traditional Latina attitudes.” The machismo attitude of many of the young men usually means that they do not use condoms while the women are generally uneducated about birth control.

Another problem facing Hispanic families in the U.S. is the extended family. This could be due to issues such as language barriers as many of the children learn English while their grandparents speak Spanish and only a little English. Traditionally, Latinas believe that grandparents should stay with them as they get older and not send them to nursing homes, but this could change in the future. It is still unclear whether Latinas will work through these challenges or succeed in blending the two cultures.