Author: Annette Malave, SVP/Insights, RAB
$1.5 trillion. That is the buying power of the Hispanic consumer – the largest minority market in the U.S. According to the Selig Center for Economic Growth, this group’s economic clout has grown 203% since 2000, which makes it one of the fastest growing consumer markets here in the U.S. This group represents nearly 18% of the country’s population.
Advertising to ethnic audiences was once considered an afterthought. However, as the buying power of Hispanic consumers continued to increase, its importance as a target audience for advertisers grew.
Continue reading “Hispanics – the Fastest Growing
By now, the hustle and bustle of holiday shopping is reaching a crescendo for many of us. With aching backs and feet from all the window shopping for ideas to shopping in-store, there is nothing better than sitting down for a good meal.
There are numerous dining options for consumers – from quick-serve to fast casual to sit-down restaurants. With all of these options, enticing their taste buds can be a difficult challenge. How do you reach consumers that are on-the-go or right before they are about to shop? With radio, of course.
Continue reading “Dining During the Holidays”
“I’m a purple person.” “I prefer basic black.” “I like to wear bold colors.” People have distinctive tastes and preferences when it comes to clothing or accessories. These preferences are personal, similar to that of radio listening, and similarly, music choice.
A researcher at Heriot-Watt University in the U.K. studied over 36,000 participants’ ratings of 104 music styles and found a direct correlation to their personalities. The study showed that heavy metal music fans are normally calm and comfortable around others, while classical music lovers are often shy and creative. Hard-working and outgoing would be words to describe pop and country music listeners. The relationship between radio and the listener has always been an emotional one but what they listen to is not just personal, it is an extension of who they are.
Continue reading “There’s Something for Every Ear”
Family. Culture. Music. Language. Diversity. All of these words describe a group with a 2017 estimated buying power of $1.7 trillion – Hispanics. And the best way to reach this group is with radio.
Continue reading “Radio and the Diversity of Hispanics”
“It’s Saturday night, about time to go. Got my white leather jacket and a neon soul. Once I turn on the radio I’m ready to roll.” Those lyrics from Maren Morris’ “80s Mercedes” resonate with everyone. Who doesn’t know that feeling of getting in the car, turning the radio on and listening to your favorite songs? Continue reading “Radio Rules the Road”
According to Statista, there will be well over 220 million smartphone users by the end of 2017. These users will engage with radio in various ways – texting, downloading or just listening in.
Continue reading “Radio + Smartphone = Constant