marketing to hispanic millennials - ama houston seminar (presentation version)

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Salomon Dayan – Digital Group Account Director Lopez Negrete Communications Marketing to Hispanic Millennials

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I created this presentation for the AMA Houston Seminar: Hispanic Millennials - Best Practices on May 8, 2014 You will learn: 1.- The importance of the Hispanic Millennial Influence Power 2.- Key best practices to leverage the Influence Power to influence older generations’ purchase decisions Acknowledgement: I would like to thank Jorge Zapien for the slide design. Also, Leonardo Basterra, Gustavo Foldvari, Henry Cadena and Alex Lopez Negrete for their contribution in the content

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Page 1: Marketing to Hispanic Millennials - AMA Houston Seminar (Presentation version)

Salomon Dayan – Digital Group Account DirectorLopez Negrete Communications

Marketing to Hispanic Millennials

Page 2: Marketing to Hispanic Millennials - AMA Houston Seminar (Presentation version)

Median Income is

$48K

72% of HH decisions are taking as a group

59% live in

multi-gen HH

Median Income

is $48K

72% of HH decisions are

made as a group

Everyone

is captivated

with Millennials

Page 3: Marketing to Hispanic Millennials - AMA Houston Seminar (Presentation version)

5/5/2014 – HispanicAd.comIs it worthwhile for advertisers and marketers to invest in Hispanic Millennials, since these consumers are more likely to have crappy jobs and far less money to spend when compared to their parents and grandparents?

Limited Budget

Live with Mom and

Dad

Smart but LazyYES

Page 4: Marketing to Hispanic Millennials - AMA Houston Seminar (Presentation version)

Millennial InfluencePower

in·flu·ence pow·erThe ability of Millennials to nag adults, especially to influence older generations to make certain purchase decisions

Page 5: Marketing to Hispanic Millennials - AMA Houston Seminar (Presentation version)

The Challenge

Awareness Engagement

Consideration

Purchase Advocacy

The traditional purchase path…

Page 6: Marketing to Hispanic Millennials - AMA Houston Seminar (Presentation version)

The Solution

Flipping the purchase path to generate Advocacy before Purchase…

Awareness Engagement

Consideration

PurchaseAdvocacy

Page 7: Marketing to Hispanic Millennials - AMA Houston Seminar (Presentation version)

2 Keys to Creating Hispanic Millennial Brand Advocates

Page 8: Marketing to Hispanic Millennials - AMA Houston Seminar (Presentation version)

Risk-takers, likeunbeaten paths

Parents still their goals

and expectations

Social is visual, rapidstorytelling (think IG,

Vine, Snapchat)

Tech is our edge,advantage and

equalizer in progress

Prefers Spanish but language is an option, not a

constraint

Diverse, expressive

and optimistic

Struggling, but they have an entrepreneurial spirit

Style is fresh, uniqueand sometimes a little

out there

Deal shoppers anddesire authenticity

Tech is experiential,responsive and ubiquitous

1. Know what moves themKey Overall Millennial Traits (Age 18-30)

Hispanic Millennial Dial-ups

Page 9: Marketing to Hispanic Millennials - AMA Houston Seminar (Presentation version)

Talk humanPortray an activists spirit

Authentic and realEmpowering

Emotional benefitsHuman advantage

Culture and passionsLanguage of the heart

Limited time offersContracts

Functional attributesCompetitive advantageBundles, Product Tiers

2. Speak with them on their own terms

Corporate Talk

Candy Talk

Page 10: Marketing to Hispanic Millennials - AMA Houston Seminar (Presentation version)

Case StudyThis is how Lopez Negrete does it…