BIGresearch’s SIMM 10 Profiles Hispanic Diversity

Madison Avenue often homogenizes ethnic markets under tidy categories such as African American, Hispanic and Asian Americans. However, BIGresearch’s latest Simultaneous Media Survey (SIMM 10) of 15,439 consumers indicates that the categorization into generic groups leaves marketers with an inaccurate picture of ethnic groups. This is particularly true with Hispanics as many of whom report being from multiple racial ethnic descents. In SIMM 10, Hispanics identified themselves racially as: as Caucasian (44.2%), Other Race / Heritage (34.6%) and Multi-Racial (16%).

“The breakout of Hispanic/Caucasian, Hispanic/Other Race and Hispanic/Multi-Racial consumers reveals differing cultural identities within the categories which give a real insight into the complexity of marketing to Hispanics who have their own internal diversity,” said Joe Pilotta, VP, Strategy of BIGresearch.
Advertisers should also pay close attention to age and income as social and cultural markers of mobility within Hispanic groups.

“Still too often marketers and advertisers lump Hispanics into over-simplified categories. Through increased research we aim to help advertisers and marketers better understand how they can optimize their ad dollars by effectively targeting niche markets within the Hispanic market, that often times have more affinity for a product or service,” said David Taggart, general manager Televisa Publishing.

The differences in the niche markets of Hispanics are apparent in their auto purchase plans and media usage such as magazines read most often and radio formats listened to most often.

Across race and ethnic categories, Hispanics tend to have a greater propensity to purchase big ticket items over the next six months.

“If marketers are interested in strategic media planning and ROI, then cultural differences must truly be a part of a consumer-centric model, not just another variable,” said Pilotta.

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A complete report comparing Hispanic niche markets is available at http://www.formsite.com/prosper/info>