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	<description>Business Ideas, Customer Relationship, Social Media and Niche Marketing</description>
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		<title>Benefits of Ethnic Diversity Education For Your Career</title>
		<link>http://businessverve.com/?p=228</link>
		<comments>http://businessverve.com/?p=228#comments</comments>
		<pubDate>Sat, 01 May 2010 20:17:18 +0000</pubDate>
		<dc:creator>Ron</dc:creator>
				<category><![CDATA[Ethnic Marketing]]></category>
		<category><![CDATA[Ethnic]]></category>
		<category><![CDATA[Marketing]]></category>

		<guid isPermaLink="false">http://businessverve.com/?p=228</guid>
		<description><![CDATA[
The reality of today&#8217;s work environment in North America is that  ethnic diversity is here to stay. Whether it&#8217;s inside offices, factories  or outside with retail or corporate customers, you will likely  encounter more people from different cultures than ever before. To arm  yourself with some skills in the form of [...]]]></description>
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<p>The reality of today&#8217;s work environment in North America is that  ethnic diversity is here to stay. Whether it&#8217;s inside offices, factories  or outside with retail or corporate customers, you will likely  encounter more people from different cultures than ever before. To arm  yourself with some skills in the form of diversity education will  definitely help you function better in today&#8217;s working world. Here are  two major benefits you can realize.</p>
<p>1) People Skills As Part Of  Overall Diversity Education</p>
<p>It is generally accepted in many  business circles that the most important set of skills required for  career success these days involves people skills. The ability to deal  with many types of different people within companies as well as  customers or business partners, is a very desired talent these days. In  fact, people skills are considered to be even more important than  technical skills in terms of career advancement. Those with subpar  people skills will likely be held back from promotions. Good people  skills, which include working with ethnic diversity, will allow you to  climb that corporate ladder more quickly than others.</p>
<p>Part of  people skills is being able to deal with individuals from diverse ethnic  backgrounds given the evolution of North American society. With the  influx of immigration over the years, it can be expected that both  employees and customers will include people from many different ethnic  backgrounds. So diversity education is very much part of developing  overall people skills.</p>
<p>2) Direct Education Of Other Cultures</p>
<p>Diversity  education makes you more knowledgeable about different cultures. In  addition to just watching TV or reading, you can have a more direct  education on different cultures by talking and interacting with  different ethnic people. This will help make you understand our world  better and make you as a person, appear more &#8216;worldly&#8217;.</p>
<p>A lot of  companies will perceive you to be more valuable especially if they are  doing business with a diverse market.  Interestingly enough, in addition  to boosting your career, there might be some personal benefits from  diversity education as well. Quite often, the opposite sex will see you  as more attractive if you are more internationally inclined.  Just to  prove this, think about how many ladies consider guys with some  knowledge of different cultures and languages to be sexy?  Probably  quite a few. Picture the guy who could help you order in a foreign  language in some ethnic restaurant. Of course, the same could be said  with the other way around when a lady adopts some international skills.</p>
<p>Ethnic  diversity education can be though of as a form of upgrading your  personal skills to adapt to the changing work environments of today. But  I wouldn&#8217;t leave diversity to be limited to only ethnic cultures. There  is also diversity in lifestyles as in sexual orientations and  religions. Even differences in attitudes from people coming from  different geographical regions of North America can be considered  diversity. Being able to function well with people from all walks of  life is a skill that will take you far in your career. This type of  skill can be developed through diversity training.</p></div>
<div id="sig">
<p>Clint Cora is a <a href="http://www.clintcora.com/" target="_new">diversity speaker</a>, author and  martial arts karate world champion. His book, &#8220;The Life Champion In  You&#8221;, is about how to overcome challenges and achieve life success. It  is one man&#8217;s journey from personal tragedy to becoming a karate world  champion. More information about his speaking programs, books, videos,  articles on motivation and success can be found at <a href="http://www.clintcora.com/" target="_new">http://www.clintcora.com</a></div>
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		<slash:comments>153</slash:comments>
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		<item>
		<title>Ethnic Marketing &#8211; Hablas Espanol?</title>
		<link>http://businessverve.com/?p=226</link>
		<comments>http://businessverve.com/?p=226#comments</comments>
		<pubDate>Sat, 01 May 2010 20:15:40 +0000</pubDate>
		<dc:creator>Ron</dc:creator>
				<category><![CDATA[Ethnic Marketing]]></category>
		<category><![CDATA[Ethnic]]></category>
		<category><![CDATA[Marketing]]></category>

		<guid isPermaLink="false">http://businessverve.com/?p=226</guid>
		<description><![CDATA[
Marketing to ethnic groups requires an adjustment in how we  approach marketing issues. Since marketing is heavily married to  psychology and sociology the very basic assumptions we have about how  messages are received can change. This is one of the reasons why ethnic  marketing is much different then the status quo. [...]]]></description>
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<p>Marketing to ethnic groups requires an adjustment in how we  approach marketing issues. Since marketing is heavily married to  psychology and sociology the very basic assumptions we have about how  messages are received can change. This is one of the reasons why ethnic  marketing is much different then the status quo. It lives and breaths on  different basic assumptions about life, products and about the needs of  the community.</p>
<p>Each of these different ethnic groups may have  their own media that is printed from their particular perspective or  language. For example there are around 640 Asian media outlets and the  total Asian market is worth $427 billion dollars annually (Imada, 2007).  That is a lot of money. The same can be said for any other ethnic group  like Hispanic, Arab, Muslim, Jewish, etc&#8230;</p>
<p>The total value of  the ethnic markets combined is around 1.5 trillion dollars annual which  highlights the necessity of companies starting to compete for these  dollars (Imada, 2007). African Americans, Asians and Hispanics are  growing in population size which means their dollars are going to make  larger influences on politics, businesses, and local economies.  Companies will need to learn how to tap these resources.</p>
<p>Ethnic  make up will continue to grow into the future. By 2050 the United States  Census Bureau has indicated that 10% of the population will be Asia and  25% of the population will be of Hispanic descent (Scarborough, 2007).  If we were to assume that African American and other ethnic groups made  up an additional 25% that would mean only 40% of the population is of  traditional Caucasian background.</p>
<p>Those companies that learn how  to cater their marketing campaigns are going to be able to make more  money then those who don&#8217;t. They will be more successful in their  marketing approaches because their marketing messages are hitting the  right audience and appealing to that audience more readily. This  translates into more sales revenues.</p>
<p>Knowing all of this  information doesn&#8217;t necessarily help companies to determine precisely  how they are going to reach these ethnic markets. In order for companies  to be successful they should understand the culture of each of these  different groups and develop their messages that appeal to the group in  question. This may mean the research and study of such people.</p>
<p>In  recruiting, sales, and advertising it is often necessary to market your  products or services within ethnic media outlets like newspapers,  journals, television, radio, ethnic neighborhoods. Focusing on these  groups and marketing in multiple arenas so they hear the message more  then once isn&#8217;t difficult if the group is still relatively small.</p>
<p>A  piece of marketing is also to ensure that there are people within the  company that can deal with this group. For example, if an advertisement  is completed in Spanish the consumer will assume that he or she can call  the company and speak Spanish. If there is no one within the company  they can talk to in their native language it may appear to be  insensitive. The same can be said for websites and product descriptions  being in the language of the customer.</p>
<p>Imada, B. (2007). Forget  the Asian-American-market myths-but remember these truths. Advertising  Age, 78 (44).</p>
<p>Imada, B. (2007). Mass-market agencies seem to have  long learning curves. Advertising Age, 78 (42).</p>
<p>Scarborough, M.  (2007). Finding your niche. Community Banker, 16 (10).</p></div>
<div id="sig">
<p>Murad Ali is a three time published author, a human resource  professional, a business professor and the owner of a website marketing  company at [http://www.article-agent.org]</p>
<p>For more great articles  written by Murad visit [http://www.thenewbusinessworld.blogspot.com]</p></div>
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		<slash:comments>162</slash:comments>
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		<title>A Future For Ethnic Marketing</title>
		<link>http://businessverve.com/?p=224</link>
		<comments>http://businessverve.com/?p=224#comments</comments>
		<pubDate>Sat, 01 May 2010 20:13:29 +0000</pubDate>
		<dc:creator>Ron</dc:creator>
				<category><![CDATA[Ethnic Marketing]]></category>
		<category><![CDATA[Ethnic]]></category>
		<category><![CDATA[Marketing]]></category>

		<guid isPermaLink="false">http://businessverve.com/?p=224</guid>
		<description><![CDATA[
Two American copywriters recently asked me for my opinions on the  potential market of ethnic or multicultural copywriting.
Now, you  may have noticed&#8230;
Twitter For Cross-Cultural Marketing  Research
I have beefed up my Twitter micro-blogging  recently. And following everyone who Tweets about everything related to  international and cross-cultural business.
There are a few very [...]]]></description>
			<content:encoded><![CDATA[<div id="body">
<p>Two American copywriters recently asked me for my opinions on the  potential market of ethnic or multicultural copywriting.</p>
<p>Now, you  may have noticed&#8230;</p>
<p><strong>Twitter For Cross-Cultural Marketing  Research</strong></p>
<p>I have beefed up my Twitter micro-blogging  recently. And following everyone who Tweets about everything related to  international and cross-cultural business.</p>
<p>There are a few very  useful things that have come out of following my favorite topics this  last month.</p>
<ul>
<li>I&#8217;ve noticed the increased interest in ethnic marketing in the  United States due to the Obama effect</li>
<li>I&#8217;ve met a few key ethnic marketers in the US and here in  France.</li>
<li>I&#8217;ve noticed top American marketers scrambling to find out  more about ethnic marketing.</li>
</ul>
<p>And I also saw a number  of Tweets on about a recent survey on the increase of the ethnic  population in the US.</p>
<ul>
<li>Americans of ethnic origins will represent the majority of the US  population in my lifetime.</li>
</ul>
<p>As a cross-cultural  marketer, it is obvious that this will change marketing tactics.</p>
<p>Marketing  gets you more sales when it connects with your customers. And you need  to understand your customers&#8217; behavior for you can create an effective  marketing campaign.</p>
<p>The problem is that different cultures have  different behaviors.</p>
<ul>
<li>Different cultures need different marketing.</li>
</ul>
<p><strong>Ethnic  Marketing Today</strong>Let&#8217;s look at ethnic marketing&#8230;</p>
<p>Ethnic  marketing still represents a few hurdles for businesses today.</p>
<ul>
<li>It is not a standard practice &#8211; companies do not use this often  enough</li>
<li>Ethnic marketing best practices still have to be ironed out &#8211;  more businesses need to have ethnic marketing strategies</li>
</ul>
<p><strong>Not  Just Marketing</strong>The trouble is that management often  assumes that ethnic or multicultural marketing is &#8220;just marketing&#8221;. They  do not realize the extent to which selling to different cultures  effects the entire business.</p>
<p>In addition, the first hurdles  businesses encounter in ethnic marketing often translate into more time  and investment.</p>
<ul>
<li>Businesses do not realize that will often need to re-position their  product</li>
<li>They underestimate the amount of work this involves</li>
<li>They underestimate the extent this effects all of their  business</li>
</ul>
<p>An ethnic marketer who does not have the  support and participation of the whole business team cannot impact  ethnic sales effectively.</p>
<p>Best place to look for insights:</p>
<ul>
<li>International marketers</li>
</ul>
<p>They can easily  understand how doing business with different cultures can effect the  entire business. International business development is a process that  involves new skill sets.</p>
<p>This international process and these  skills sets are very similar and can usually be transposed to develop  effective ethnic marketing.</p>
<p><strong>Positioning The Sale</strong></p>
<p>The  very first task for ethnic and cross-cultural marketers is to  reposition the sale. Different cultures respond to different emotional  buttons.</p>
<p>Best place to look for insights:</p>
<ul>
<li>Copywriters and marketers with field experience</li>
</ul>
<p>Copywriters  are marketers trained in understanding a market from their side. A  professional copywriter is usually able to grasp the extent of how much  you will need to reposition your offer in order to sell to a different  cultural or ethnic group. With two caveats:</p>
<ul>
<li>The copywriter or marketer has to have the time to do the research.</li>
<li>He also needs to know when he needs to continue to dig  further. Cross-cultural communication challenges hit everyone, no matter  what your profession.</li>
</ul>
<p><strong>The Future Of Multicultural  &amp; Ethnic Copywriting &amp; Marketing</strong>The book  Megatrends Europe by Adjiedj Bakas comes to mind because our societies  are changing, but:</p>
<ul>
<li>No one knows for sure what they will be like in the years to come.</li>
<li>No one knows how the different elements will influence each  other.</li>
</ul>
<p>Despite these uncertainties, if you have a  business today, it is wise to look at current trends. You will have more  informed insights into where you business will be tomorrow.</p>
<p>There  is an obvious trend in ethnic changes in the populations of many of the  current leading world countries. The one assumption you can count on  is:</p>
<ul>
<li>An increased need for effective ethnic and multicultural marketing</li>
</ul>
<p>And my advice to the two copywriters interested in  multicultural copywriting&#8230;</p>
<p>&#8230;Jump onboard now if you can.</p></div>
<div id="sig">
<p>Are you committed to speeding up your international sales  cycles?</p>
<p>Learn how to combine cross-cultural marketing tools and  international sales strategies for faster sales.</p>
<p>Join us on the <a href="http://getinternationalclients.com/join-us-on-the-international-sales-road-map/" target="_new">International  Sales Road Map</a>.</p>
<p>Would you like to develop your international  business?<br />
Are you a beginner at international sales and marketing?<br />
Read the Beginners Guide <a href="http://getinternationalclients.com/beginners-international-marketing-plan/" target="_new">Discover  Your International Business</a>.</p>
<p>Cindy King is a Cross-Cultural  eMarketer &amp; International Sales Specialist, aligning businesses with  different cultures. She has over 25 years field experience in  international business development and helps mid-sized business owners  create international business development strategies that shorten time  to profitability.</p></div>
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		<slash:comments>163</slash:comments>
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		<item>
		<title>Why International Marketing Needs to Do More</title>
		<link>http://businessverve.com/?p=222</link>
		<comments>http://businessverve.com/?p=222#comments</comments>
		<pubDate>Sat, 01 May 2010 20:11:42 +0000</pubDate>
		<dc:creator>Ron</dc:creator>
				<category><![CDATA[Ethnic Marketing]]></category>
		<category><![CDATA[Ethnic]]></category>
		<category><![CDATA[Marketing]]></category>

		<guid isPermaLink="false">http://businessverve.com/?p=222</guid>
		<description><![CDATA[
There is one big difference between your ordinary marketing and  your international marketing. And this difference is enormous.

Your international marketing has to actively build relationships.

International marketing has a bigger task to complete  compared to your domestic marketing.
And this is the reason why.
Cultural  Differences Change Your Marketing Scope
Your domestic  marketing, or the [...]]]></description>
			<content:encoded><![CDATA[<div id="body">
<p>There is one big difference between your ordinary marketing and  your international marketing. And this difference is enormous.</p>
<ul>
<li>Your international marketing has to actively build relationships.</li>
</ul>
<p>International marketing has a bigger task to complete  compared to your domestic marketing.</p>
<p>And this is the reason why.</p>
<p><strong>Cultural  Differences Change Your Marketing Scope</strong></p>
<p>Your domestic  marketing, or the marketing you use at home, works well within a culture  that you understand.</p>
<p>You probably do not realize the depth of  your natural understanding of your market&#8230; that is, until you start  cross-cultural marketing.</p>
<blockquote><p>
<em> This is the  key.</em><em>International marketing is cross-cultural  marketing.</em></p>
<p><em>Marketing to a foreign culture.</em></p></blockquote>
<p>Cultural  differences effect a great many aspects of your international  marketing. In fact, cultural differences can effect any given slice of  your entire international business.</p>
<blockquote><p><em> To get  sales out of your marketing tactics, you must have an intimate  understanding of your market. This is always the foundation of good  marketing skills.</em></p></blockquote>
<p>And this is why you need to  give more thought to your international communication. Especially if  you want to get marketing results similar to what you are used to. You  actually need to review:</p>
<ul>
<li>All aspects of your communication</li>
<li>&#8230;Even down to the most  basic level of communication.</li>
</ul>
<p>International  marketing means preparing the path to sell to people from different  cultures. People you need to learn how to understand at their most basic  levels.</p>
<p><strong>International Marketing Creates Relationships</strong></p>
<p>But  let&#8217;s look deeper at what communication is.</p>
<ul>
<li>At its basic level, communication is about creating relationships.</li>
</ul>
<p>And this is why your international marketing has to do a  bigger job at creating international relationships.</p>
<p>You need to  review your international marketing through a slightly different lens.</p>
<p>Your  international marketing becomes even more customer centric. Simply to  get to know these people who are different. People who will surprise you  even when you think you know them.</p>
<ul>
<li>This is why you need to make a constant effort to find the right  connection with a culture that is not yours.</li>
</ul>
<p><strong>International  Marketing Creates Conversations</strong>Your international  marketing often becomes so focused on finding the right communication  that you naturally go one step further:</p>
<ul>
<li>You strive to create a conversation.</li>
</ul>
<p>When your  marketing connects with your international audience your conversation  begins.</p>
<p>And your business needs this conversation to get  international clients. This conversation tells you:</p>
<ul>
<li>What you foreign market needs.</li>
<li>What your foreign market  wants.</li>
<li>If you have the right positioning for your product in  this market.</li>
<li>How you should be communicating with your new  foreign market to get more sales.</li>
<li>What your foreign market  thinks about your product and how they use it.</li>
</ul>
<p><strong>Review  Your Basics</strong></p>
<blockquote><p>Many business executives  make the mistake of thinking that cross-cultural marketing or  multicultural marketing or ethnic marketing is simply marketing.Yes,  in theory this is true.</p>
<p>In practice, however, you need to review  many more basic business elements. There is a lot more involved.</p>
<p>International  marketing also needs to do more than ordinary &#8220;marketing&#8221;</p></blockquote>
<p>Cross-cultural  communication often means getting down to the basics.</p>
<ul>
<li>What do you need to get out of this communication at its more basic  level?</li>
</ul>
<p>When you first start marketing to your  international clients you need to verify your basics. And you will find  that your marketing needs to do more for your international clients than  for you clients at home.</p></div>
<div id="sig">
<p>Are you committed to speeding up your international sales  cycles?</p>
<p>Learn how to combine cross-cultural marketing tools and  international sales strategies for faster sales.</p>
<p>Join us on the <a href="http://getinternationalclients.com/join-us-on-the-international-sales-road-map/" target="_new">International  Sales Road Map</a>.</p>
<p>Would you like to develop your international  business?<br />
Are you a beginner at international sales and marketing?<br />
Read the Beginners Guide <a href="http://getinternationalclients.com/beginners-international-marketing-plan/" target="_new">Discover  Your International Business</a>.</p>
<p>Cindy King is a Cross-Cultural  eMarketer &amp; International Sales Specialist, aligning businesses with  different cultures. She has over 25 years field experience in  international business development and helps mid-sized business owners  create international business development strategies that shorten time  to profitability.</p></div>
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		<title>2010 Trend Predictions For Affluent Ethnic Consumers</title>
		<link>http://businessverve.com/?p=220</link>
		<comments>http://businessverve.com/?p=220#comments</comments>
		<pubDate>Sat, 01 May 2010 20:10:18 +0000</pubDate>
		<dc:creator>Ron</dc:creator>
				<category><![CDATA[Ethnic Marketing]]></category>
		<category><![CDATA[Ethnic]]></category>
		<category><![CDATA[Marketing]]></category>

		<guid isPermaLink="false">http://businessverve.com/?p=220</guid>
		<description><![CDATA[
As the fiscal year ends this June, luxury marketers are starting to  think of new ways to reach new consumers. Given the myriad of changes  in the marketing and media landscape, there is still a segment of highly  qualified consumers that are untapped and easy to reach. These  consumers are not [...]]]></description>
			<content:encoded><![CDATA[<div id="body">
<p>As the fiscal year ends this June, luxury marketers are starting to  think of new ways to reach new consumers. Given the myriad of changes  in the marketing and media landscape, there is still a segment of highly  qualified consumers that are untapped and easy to reach. These  consumers are not your usual suspects. And the first luxury purveyor to  execute a sound, non-traditional marketing strategy will win their  attention.</p>
<p>Who are these consumers? Here are some answers:</p>
<p>1. 	Meet the Royaltons. Multicultural and mass marketers generally refer to  ethnic consumers as &#8220;minorities.&#8221; Within this large demographic,  however, is the growing body of affluent ethnic consumers&#8211;and they need  to be viewed quite differently. In their 2008 strategic planning  sessions, luxury purveyors should devote special emphasis to this group,  which spans ethnicities, and is dubbed &#8220;Royaltons.&#8221; Royaltons is a term  derived from the word &#8220;royalty,&#8221; meaning &#8220;of or relating to a monarch; a  person or thing that holds a dominant position.&#8221;</p>
<p>This  under-the-radar but overly influential consumer segment offers a wealth  of opportunity and increased sales for luxury purveyors. It&#8217;s estimated  that less than two percent of marketing budgets are dedicated to  engaging this target audience because luxury brands are focused on the  uber-affluent or the more obvious affluent consumer.</p>
<p>For example,  Hispanics represent our largest minority, now numbering about 42  million. Of those, six percent earn more than $100,000. Merrill Lynch  estimates, however, that this relatively small segment of affluent  Hispanics will spend $300 billion this year &#8212; representing almost  two-thirds of overall Hispanic buying power. Hispanics make up between  five and ten percent of elite university enrollments; some 40,000  Hispanics are physicians.</p>
<p>America&#8217;s single most affluent consumer  group: Asian-Americans, who now total about 13 million. The number of  Asian-American families with incomes of more than $200,000 is about the  same (156,000) as Hispanic and African-American families combined,  according to Packaged Facts. This group represents between 10 and 25  percent of elite university enrollments. Within this group, Asian  Indians are the fastest-growing and wealthiest ethnicity. Almost 40  percent of all Indians hold a professional degree.</p>
<p>A less familiar  ethnic group, Russian-Americans, has arrived with a fury &#8212; about four  million strong. They are twice as likely to have graduated from college  as the overall American population and 50 percent more likely to report  an income of $75,000 or more. They consume luxury goods at a rapid pace.</p>
<p>In  order for luxury marketers in 2008 to better allocate their dollars  towards Royaltons, it&#8217;s important for them to embrace an aggressively  proactive &#8220;portfolio attitude&#8221; to research, analyze and develop  strategies across the complete landscape of opportunity. This should be  inclusive of a consumer blueprint, marketing audit, proprietary  research, and a well-crafted strategic plan that leverages existing  human capital or identifies new sources of business intelligence.</p>
<p>We  anticipate this as the single biggest effort luxury marketers can  tackle in 2008. Just don&#8217;t expect miracles overnight.</p>
<p>2.	The New  Mass Marketing Have you heard the news? Mass marketing is out. Target  marketing is in.</p>
<p>Let&#8217;s take a specific set of target groups,  Royaltons (affluent ethnic consumers), and build a new mass marketing  program. Here&#8217;s how it works.</p>
<p>You&#8217;ve determined that you want to  target a cluster of Royaltons including African Americans, Asian  Americans, Hispanic Americans, and Russian Americans. Each will have its  own concentric circle that includes niche and grassroots efforts:  sponsorships, influencer programs, marketing partnerships, online  engagements, retail events/promotions, charity support and more. These  individual concentric circles will work together to build critical mass  that in turn translates into the new mass marketing. And if you were  wondering what resonates with this group, in general, try high- touch  engagements that allow consumers to interact with the brand. Traditional  advertising is a waste of your marketing dollars.</p>
<p>Targeting  smaller groups of influencers in a cost-effective manner may require  more time and effort upfront, but the payoff in building a blueprint for  the future, making inroads into each &#8220;community,&#8221; and developing a  meaningful and authentic dialogue with this consumer, will be priceless  in the end.</p>
<p>Our recommendation: Don&#8217;t let your lack of diversity  research or insight hinder your brand growth. Hire a well-rounded  diversity expert to act as your Chief Integration Officer. This expert  will design a methodology for your diversity initiative inclusive of  standard operating procedure guidelines.</p>
<p>3. Women and Wine With  all the talk over the last few years about marketing to the largest  group of consumers and purchase influencers (women), we predict that  wine marketers will finally place more effort into engaging affluent  female consumers. After all, according to a 2006 Gallup survey, women  make 55% of U.S. wine purchases. According to another survey, nearly a  quarter of women&#8217;s wine purchases are over $100.</p>
<p>The evidence  suggests that wine marketers are starting to recognize the trend, with  wine clubs, Web sites, and ladies&#8217; nights at bars, all designed to  appeal to women imbibers. There&#8217;s a low-alcohol, low-calorie wine, White  Lie Early Season chardonnay, with a 9.8 percent alcohol content,  compared with the 13 percent and 14 percent found in some vintages.  Displays of pink and white wines in bottles bearing such flowery names  as Seduction have been derided by the Web site womenwine.com as the  Virginia Slims of the wine trade. Wine marketers need to understand the  more contemporary, affluent and accomplished women. They are not looking  for upscale wine coolers. Unless you are marketing a wine that benefits  the Susan G. Komen Foundation, it&#8217;s not advisable to use pink or  anything that speaks to the &#8220;child&#8221; inside a woman.</p>
<p>Aggressive  marketers with leadership cultures will customize programs that also  target Royaltons via member- based organizations and associations. This  is a great niche not currently being filled by any wine marketer (or  other marketer for that matter). Affluent ethnic women feel more  pressure than their white counterparts to be respected and feel a sense  of accomplishment, and therefore work harder to achieve this. If you  want to reach this time- strapped consumer, deliver programs that merge  her desire for a work-life balance and the respect she&#8217;s likely earned.</p>
<p>Our  recommendation: If wine companies want to achieve brand dominance, they  need to create experiences that maximize women&#8217;s social life and  enhance their businesses and careers.</p>
<p>We predict that more  emphasis will be placed on differentiating products at the retail level  that aim to make the shopping experience and purchase decision easier.  This will be accomplished through on- premise and off- premise events,  including weekend in-store tastings, sponsored invitation-only wine  dinners at upscale restaurants and high- profile event sponsorships of  women&#8217;s social events and professional organizations.</p></div>
<div id="sig">
<p>Andrea Hoffman is the Founder and CEO of Diversity Affluence™, a  New Jersey based marketing communications consultancy and research  firm. As the first company of its kind, Diversity Affluence™ helps  brands and businesses to understand and market to Royaltons. For more  information about our services visit <a href="http://www.diversityaffluence.com/" target="_new">http://www.diversityaffluence.com</a> ,or contact Andrea at 973-846-0155 or <a href="mailto:andrea@diversityaffluence.com">andrea@diversityaffluence.com</a></div>
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		<title>How To Gain Monopoly-Like Profits Through Ethnic Marketing</title>
		<link>http://businessverve.com/?p=217</link>
		<comments>http://businessverve.com/?p=217#comments</comments>
		<pubDate>Sat, 01 May 2010 20:08:06 +0000</pubDate>
		<dc:creator>Ron</dc:creator>
				<category><![CDATA[Ethnic Marketing]]></category>

		<guid isPermaLink="false">http://businessverve.com/?p=217</guid>
		<description><![CDATA[
Introduction
In today&#8217;s U.S. marketplace, marketing to  various ethnic audiences is vital to consumer-oriented product and  service companies.  Latinos and African Americans already have a  critical mass of buying power of over $1 trillion combined and this  total is increasing rapidly.  The growth of the Hispanic and African  American [...]]]></description>
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<p>Introduction</p>
<p>In today&#8217;s U.S. marketplace, marketing to  various ethnic audiences is vital to consumer-oriented product and  service companies.  Latinos and African Americans already have a  critical mass of buying power of over $1 trillion combined and this  total is increasing rapidly.  The growth of the Hispanic and African  American affluent and middle class is occurring faster than the majority  of Caucasian Americans.  These ethnic audiences are becoming so large  and lucrative that even sub-groups of them command substantial buying  power.  Becoming the dominate player within a sub-group such as affluent  and middle class 2nd generation Latinos would allow a company to make  substantial revenue and develop a strong loyal customer base.  To &#8220;own&#8221;  an ethnic market space would enable a company to obtain monopoly-like  profits!</p>
<p>The 4 Benefits of Owning Ethnic Spaces</p>
<p>Tapping into  and creating ethnic space monopolies is at the heart of this article  and should be the goal of every ethnic marketing plan.  Owning an ethnic  market space yields the following 4 critical benefits:</p>
<p>1.  High  Monopoly-Like Profits</p>
<p>2.  Loyal Customer Base</p>
<p>3.  High  Lifetime Value of Customers</p>
<p>4.  Low Competitive Dynamics  (Competition Blind Spots)</p>
<p>It is for this reason that ethnic  marketing and owning market space in the Hispanic and African American  audiences is not a &#8220;side&#8221; item, but a vital strategy which affects the  whole enterprise and will only increase in importance as this century  progresses.  This kind of marketing can turn a marginally profitable  company into a revenue generating &#8220;powerhouse&#8221; and an unprofitable  company into a firm that operates solidly in the &#8220;black&#8221; &#8211; no pun  intended.</p>
<p>Importance of Perceived Needs</p>
<p>The first step to  finding &#8220;ownable&#8221; ethnic market spaces is to discover which groups of  ethnic consumers are underserved or are not actively targeted by an  industry&#8217;s product or service offerings.  An executive, manager, or  business owner must find an ethnic market space with a differing set of  values, and different perceived needs than mainstream consumers.  For  example, Hispanics believe that family life and the home are very  important, so products and services by a company geared toward key  aspects of domestic home life have a chance to dominate niches within  that space.</p>
<p>The most powerful driver of finding an untapped market  space of ethnic customers is perceived need &#8211; whether that is for basic  functionality or additional comfort or luxury. One may say that this is  also true for the general market but a good marketer will understand  that this perception of need differs from mainstream consumers.  Latinos  and African Americans view the world and products &amp; services from a  completely different paradigm than Caucasian Americans.  Their values,  lifestyle, cultural and taste are all different from the mainstream and  this phenomenon translates into unique selection, buying, and usage  habits for a given set of goods and services.  For example, the urban  African American &#8216;middle class&#8217; higher desire for stylish and designer  brand items and the raised threshold for luxury should be a driving  factor in developing products and services for this market space.</p>
<p>Capitalize  on Heterogeneous View by Competitors</p>
<p>An additional key factor for  locating potential monopoly spaces is to examine ethnic spaces  overlooked by the competition.  In the multicultural marketing of even  the most progressive companies, often whole ethnic groups are viewed  heterogeneously.  Especially for Latinos, this could not be a bigger  mistake.  Latinos have a multitude of sub-groups that are the result of  the following major factors:</p>
<p>1.  Country of Origin</p>
<p>2.   Acculturation</p>
<p>3.  Generation</p>
<p>4.  Spanish Language Usage</p>
<p>5.   Level of Affluence</p>
<p>A company cannot expect to use mainstream  marketing to effectively reach Latinos and African Americans.  For  Blacks, the &#8220;they speak English too&#8221; syndrome pervades throughout  industry and is used as an excuse for not trying to understand the  various segments within the African American consumer audience.  For  astute executives and marketers, &#8220;broad brush&#8221; marketing by the  competition to ethnic audiences represents huge opportunities to own a  substantial set of key niche spaces within the Latino and African  American audiences.  To many marketers, these ethnic niches are  invisible.  This creates the perfect opportunity in many industries for  companies to choose and capture valuable niche spaces within Hispanic  and African American consumer audiences.</p>
<p>Important Relationship  Strategy</p>
<p>Strategically, it is important for an executive or  marketer to develop deep relationships with a particular ethnic  audience.  This relationship is particularly important for companies  offering a service or providing a product that differentiates itself in  the marketplace.  This means not just having marketing featuring Latinos  and African American characters and themes but targeting specific  groups within this audience.  This type of marketing will really speak  to the target group and develop deep ties with them that will be hard to  break by competitors.  It is important to concentrate on a key set of  sub-groups to maximize penetration and effectiveness, and to create a  strong base.  A company&#8217;s product or service should not try to be all  things to all members of the larger general ethnic group &#8211; this is a  recipe for a weak market.</p>
<p>Conclusion</p>
<p>Owning ethnic market  space is very profitable and in the near future for the U.S. market, it  will become essential to ensure business growth.  Companies are now  looking to ethnic minority groups as a source to fuel their growth as  the mainstream market continues to be over-saturated.  To own a space,  it is vital to let the perceived need of a targeted group drive the  product or service offering, and to understand the nuances in reaching  sub-groups within the greater minority audience.  This creates markets  within the U.S. which are equally or more attractive than China or  India, due to their easier accessibility and huge buying power.  In most  consumer industries, these ethnic sub-space pockets are huge gold ores  just waiting to be mined!</p>
<p>(c) 2005, Michael Bolden.  All rights  reserved.  Reprints welcome so long as the article and by-line are  published intact and all links are made live.</p></div>
<div id="sig">
<p>Author Michael Bolden is a Managing Partner of the Chatham  Consulting Group.  To learn more about ethnic marketing visit Chatham  Consulting&#8217;s website at <a href="http://www.chathamchicago.com/" target="_new">http://www.chathamchicago.com</a> and also obtain a full report based on this article in the &#8220;Free Stuff&#8221;  section.  Readers of this article and visitors to our website are  eligible for a free 20 minute consultation on your company&#8217;s  multicultural marketing.</div>
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		<title>Tips For Marketing With Personalized Labels</title>
		<link>http://businessverve.com/?p=215</link>
		<comments>http://businessverve.com/?p=215#comments</comments>
		<pubDate>Sat, 01 May 2010 20:06:41 +0000</pubDate>
		<dc:creator>Ron</dc:creator>
				<category><![CDATA[Social Marketing]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Social]]></category>

		<guid isPermaLink="false">http://businessverve.com/?p=215</guid>
		<description><![CDATA[
Are you looking for an effective promotional marketing tool that is  easy on the budget but stands out from the crowd? Custom labels will  help get your brand recognized and make you stick out in today&#8217;s  competitive market. Personalized labels and stickers are difficult to  disregard, easy to use as advertisements, [...]]]></description>
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<p>Are you looking for an effective promotional marketing tool that is  easy on the budget but stands out from the crowd? Custom labels will  help get your brand recognized and make you stick out in today&#8217;s  competitive market. Personalized labels and stickers are difficult to  disregard, easy to use as advertisements, and are a cost-effective way  to reach a broad target audience. Plus, you can stick them everywhere.</p>
<p>The  promotional possibilities of using custom labels and decals are  endless. Here are some tips for getting the most out of your promotional  labels:</p>
<p>1. <strong>Know your Purpose </strong> Before you start  designing a label, sticker, or decal you should ask yourself what it is  you are trying to achieve and preferably where your label will be seen  or applied. Are you trying to advertise your business? Do you need to  promote a product? Are you marketing to drivers on-the-go? How are your  custom labels going to be distributed?</p>
<p>The answers to these  questions will really help you focus on what exactly you need from your  labels. This should hopefully cut-down on your selection and help you  make an educated decision.</p>
<p>2. <strong>Choose Labels Wisely</strong> When purchasing labels you want to make sure that the labels you are  buying will fit your purpose. Depending on the application you may need  to purchase labels or decals with special features. Some features may  include; full-color imprints, removable adhesive backing,outdoor  durability, reflective material or die-cutting.</p>
<p>For example,  bumper stickers need to be long lasting and hold up in harsh weather.  The ideal bumper stickers should be constructed for outdoor use and  feature a substantial adhesive to ensure they are long-lasting and stay  in place. Purchasing the right labels will ensure you get the most out  of your budget and will keep them looking great for years.</p>
<p>3. <strong>Simplicity  is Key</strong> Make sure your <a rel="nofollow" href="http://www.absorbentprinting.com/bar-and-food-service/labels" target="_new">personalized  labels</a> are bold, eye-catching and easy to read. Regardless of the  application, you want your labels to clearly communicate a message as  fast as possible. It is a good idea to focus on the design of your  labels and aim for a minimal, eye appealing design which includes all of  the necessary information. Try to avoid having a design with a lot of  intricate details and elaborate graphics. The easier your labels and  stickers are to read, the bigger impact they will make on everyone who  sees them.</p>
<p>If you keep these simple tips in mind when you are  planning and designing your promotional labels and stickers, they are  sure to be a success. Remember to evaluate your purpose and target  audience in depth so you can choose your labels wisely. Make sure you  order labels and decals that are designed for the purpose you have in  mind. Design a clear and concise custom labels that will get the point  across quickly and easily. Following these easy guidelines will make  purchasing the most effective labels a breeze. Promoting is an important  advertising tool and it is great to know you can promote so effectively  without spending a fortune.</p></div>
<div id="sig">
<p>Alice Ink is an SEO and copywriter currently working with  Absorbent, Ink., the Promotional Products People. Specializing in  Promotional Products and <a href="http://www.absorbentprinting.com/bar-and-food-service/labels" target="_new">Custom  Labels</a>.</div>
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		<title>Using a Bizbox System to Increase Your Earning Potential</title>
		<link>http://businessverve.com/?p=213</link>
		<comments>http://businessverve.com/?p=213#comments</comments>
		<pubDate>Sat, 01 May 2010 20:05:19 +0000</pubDate>
		<dc:creator>Ron</dc:creator>
				<category><![CDATA[Social Marketing]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Social]]></category>

		<guid isPermaLink="false">http://businessverve.com/?p=213</guid>
		<description><![CDATA[
As you struggle through your mundane, day-to-day job, you probably  daydream about earning lots of money an easier way. Maybe you&#8217;ve always  wanted to start an Internet business but didn&#8217;t know how to go about it.  It also might be that you want to keep your job while you build  something [...]]]></description>
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<p>As you struggle through your mundane, day-to-day job, you probably  daydream about earning lots of money an easier way. Maybe you&#8217;ve always  wanted to start an Internet business but didn&#8217;t know how to go about it.  It also might be that you want to keep your job while you build  something more satisfying. These are dreams shared by many people, and  now you can know the secrets of successful online marketing. By joining  with others who are using the Bizbox system, you&#8217;re going to learn how  to get the Internet to work for you while you rake in the big bucks.  Main Street Marketing Machines will show you how.</p>
<p>First you have  to realize that small businesses account for 50% of all revenue earned  in the United States each year, yet only 1 out of 38 Internet marketers  are offering them the services they need. We&#8217;re talking about you  getting in on a piece of a multi-trillion dollar market. Even if you&#8217;ve  had no previous Internet marketing experience, you will be able to  follow this system to reach your dreams. Better yet, the skills you  learn will never get old, you will never run out of business, and you&#8217;ll  have companies coming to you begging you to help them.</p>
<p>It&#8217;s a  fact that 69% of all small business owners are looking for help  marketing their services which translates to more than 13 million  businesses that are looking for Internet exposure. They may know that  the web could provide them with untold business opportunities, but they  either don&#8217;t have the know-how or the time to get the job done. You&#8217;ll  be looking to help businesses in your own area that are in  highly-competitive markets. There are no gimmicks involved, and the  venture can be awesomely profitable.</p>
<p>The system operates on 5  basic rules. These rules are:</p>
<p>1. Operate using highly-profitable  Main Street business categories.</p>
<p>2. Target geographically-specific  small business searches</p>
<p>3. The system is easy and fast. You can  develop a ranked website for your client in less than one day.</p>
<p>4.  You will go to high-profit small business categories, because that&#8217;s  where the money is. You can use the system to help other small business  owners or to build your own business contacts.</p>
<p>5. The system was  created to make small business owners come to you and beg you for your  help instead of you having to go out and sell them on the idea.</p>
<p>With  the Bizbox marketing system, you will get all the templates and tools  you need to go into business immediately. You will receive dozens of  options for different ways to market your clients, including being able  to easily put together video and slideshow presentations that will make  the business owner&#8217;s bottom line skyrocket. Once you get their websites  ranked on Google, and you will, they&#8217;ll stay ranked for years without  any more effort on your part.</p>
<p>You&#8217;ll have to admit, this sounds  like your dream job, doesn&#8217;t it? How about getting busy today to make  your dreams a reality?</p></div>
<div id="sig">
<p>To learn more about the Main Street Marketing Machine <a href="http://www.quityourrealjob.com/" target="_new">Bizbox System</a> please visit QuitYourRealJob.com.</div>
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		<slash:comments>136</slash:comments>
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		<title>Online Marketing and Its Principle Concept</title>
		<link>http://businessverve.com/?p=211</link>
		<comments>http://businessverve.com/?p=211#comments</comments>
		<pubDate>Sat, 01 May 2010 20:03:51 +0000</pubDate>
		<dc:creator>Ron</dc:creator>
				<category><![CDATA[Social Marketing]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Social]]></category>

		<guid isPermaLink="false">http://businessverve.com/?p=211</guid>
		<description><![CDATA[
Technical knowledge plus strategies are the two main components of  online marketing. Normally, this is designed to help students on their  so-called marketing-related studies. The Internet becomes a focal point  in marketing so as to keep up with the swift changes in business and  consumer targeting. With the advent of e-Commerce, [...]]]></description>
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<p>Technical knowledge plus strategies are the two main components of  online marketing. Normally, this is designed to help students on their  so-called marketing-related studies. The Internet becomes a focal point  in marketing so as to keep up with the swift changes in business and  consumer targeting. With the advent of e-Commerce, it is but of prime  importance to engage in a deeper and strategic tool in marketing.</p>
<p>B2B  markets have changed fundamentally as outline by the functionality of  Internet. The technological shift of marketing has made it even more  interactive. Wired marketing has likewise taken communication to a  different level. A more efficient communication is one of its direct  consequences. On that note, the Internet-based communications represent  one of the most important impacts of technology. It contributes greatly  to the strengthening of supply chain and of the management as well.  Customer management has been made easy through this technology. One of  the biggest examples is the music industry. Everything related to music  cannot be accessed via the Internet. The implications of internet based  marketing can be easily tracked as they are other supplementary tools  are also designed to make it easier and effective.</p>
<p>Important  marketing sites can also be accessed on the Internet. This e-Commerce  kit reveals the useful approaches as defined by marketing planning via  the Internet. There are the three components aimed via online marketing  and they are speed, flexibility, and customer capturing. One top of  that, it is also aims to see and forecast the ever-changing nature of  e-commerce. There are also practical cases that have successfully  achieved through web marketing. Various web links are also reinforced  through the use of marketing via the Internet. It also opens door for  the possibility of capturing a global market which is difficult to  attain using the conventional marketing strategies we have to date.</p></div>
<div id="sig">
<p>Stuart is writing for many websites, he enjoys writing on wide  range of topics such as <a href="http://boltwebsolutions.com/services/online-marketing/" target="_new">Online  Marketing NY</a>. You may visit for more details.</div>
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		<slash:comments>113</slash:comments>
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		<title>The Best Marketing Strategy For a Product-Based Company</title>
		<link>http://businessverve.com/?p=209</link>
		<comments>http://businessverve.com/?p=209#comments</comments>
		<pubDate>Sat, 01 May 2010 20:02:14 +0000</pubDate>
		<dc:creator>Ron</dc:creator>
				<category><![CDATA[Social Marketing]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Social]]></category>

		<guid isPermaLink="false">http://businessverve.com/?p=209</guid>
		<description><![CDATA[
Carolina Cup in Camden, South Carolina is a perfect marketing  atmosphere if you are selling a product that is geared towards college  students. You have to get a parking spot in College Park and it is  worthwhile to get their early to avoid the traffic. Make sure to take  lots of [...]]]></description>
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<p>Carolina Cup in Camden, South Carolina is a perfect marketing  atmosphere if you are selling a product that is geared towards college  students. You have to get a parking spot in College Park and it is  worthwhile to get their early to avoid the traffic. Make sure to take  lots of product, and if you really want to generate attention, you need  to pick a product that is inexpensive and that you can order or produce  in large quantities.</p>
<p>It is vital to do the research and to select a  give away product that will appeal to the college demographic. Besides  cost, it needs to be functional in terms of size and appeal. You need an  item that is easy to carry around and that is not going to create any  issues that will turn away the users. When you have selected the item  that you know will appeal to the college demographic, you need to  randomly select a few individuals to give the items to and tell them to  tell their friends where they got it, and if their friends want the  item, they must come by with your business card.</p>
<p>The business  cards are just as important as the item you are giving away because they  must know where the free item is coming from. You give them multiple  cards to they can give the extras to their friends. Then tell them that  if anyone else wants a free item, they must have a business card. To cap  it all off, when their friends start showing up at your tent with  business cards, you get them to write down their name and email address  in order to receive a free item. And before you know it, the several  individuals you picked out to give away the free item will blossom into  several hundred people within the hour.</p>
<p>This is a very cheap,  quick, and easy method to not only get your company name out there and  build awareness about your product, and by offering a free item to  anyone through the simple process of giving up their name and email  address, you can generate a list serve that could easily grow to  hundreds of people within a few hours. Take the Carolina Cup for  example, we took down 250 free items, and within three hours, had a list  serve of 400 people. Not everyone who showed up at our tent wanted the  free item, but they would tag along with their friends and out of shear  curiosity, would stop by and hang out for a little while. So if you are  trying to launch a new company product or apparel company that is in  anyway geared towards the college lifestyle, giving out free items is a  great marketing technique.</p></div>
<div id="sig">
<p>Thinking Drinking Man Merchandise: <a href="http://www.thinkingdrinkingman.com/" target="_new">http://www.thinkingdrinkingman.com/</a><br />
Marketing Tips: <a href="http://marketing.about.com/od/marketingplanandstrategy/a/beunique.htm" target="_new">http://marketing.about.com/od/marketingplanandstrategy/a/beunique.htm</a></div>
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