How companies are missing the mark when it comes to multicultural marketing

With minorities steadily growing into becoming the majority, it is imperative that companies adjust their strategies to target different cultures. The numbers are hard to ignore. Hispanics comprise 18% of the current U.S. population, yet represent more than half of the growth in consumer spending. Asian American households outspend average American households in every major category. Many companies are missing the mark when it comes to multicultural marketing. In turn, they are missing out on opportunities to expand their business. If you feel like your multicultural strategy is missing its mark, call us.

http://www.retailtouchpoints.com/features/executive-viewpoints/are-you-making-mistakes-when-it-comes-to-multicultural-marketing

Event planning & managing tips

For the past few months, the MRS team has been diligently working to prepare for one of our best experiential activations that will take place during the Tom Joyner Fantastic Voyage. An event of this magnitude requires months of planning. It is imperative to start this planning months before the event. You never want to be in a rush. Over the past year, we have become increasingly knowledgeable in this space. Below are some tips we believe will be useful in planning your next event:

1. Make a list of everything that needs to be done before you leave for the event. Making a list will assist you in prioritizing tasks.
2. Develop a timeline and consistently refer to it so you can stay on track.
3. Create a document that details what needs to happen before the event, what happens during the event and, if necessary what happens after the event. A document that visually lays out the process is a very effective communication tool.
4. Delegate duties. For events of this size, no one person can do it all. If you have a team, utilize each team member in some capacity!
5. Do not wait until the last minute to get essential items. You never know what can happen during that last week of preparation so it is best to already have everything you need.
6. Have constant communication with your team. The planning process will run much smoother if the whole team has a good understanding of what is being done to ensure this event is successful.

If all of these tasks seems overwhelming to you and you need a team that is capable and experienced in planning and managing an event, give us a call!

Social media pitfalls non-profits should avoid

Social media. It’s the new “it” thing. All across the world, companies, organizations and non-profits are utilizing the platform to spread its message. While social media can be great for one’s non-profit, it can also harm it if it is not utilized properly. Check out the link below to learn about a few social media pitfalls non-profits should avoid.
http://www.business2community.com/non-profit-marketing/5-social-media-pitfalls-non-profits-avoid-01130253

How some are missing the mark with multicultural marketing

The past two weeks, we have addressed the reasons why brands need to market to a certain segments. Numbers as well as consumer desires have proven the need but are companies willing to listen. What are companies currently doing to market in this arena? The following article gives you an overview of how companies are missing the mark when it comes to multicultural marketing.
https://hbr.org/2015/02/the-mistake-companies-make-when-marketing-to-different-cultures

Let’s talk about Multicultural Marketing

We are continuing our discussion regarding multicultural marketing. Today we will focus on incorporating multicultural marketing in a company’s digital strategy. In the past, multicultural marketing has complimented most companies overall marketing strategy. Outside agencies have often been brought in to handle multicultural marketing efforts. However, with the increasing number of smartphone users and digital streaming especially among minorities, multicultural marketing is making a push to the forefront. Consumers are demanding digital content that is accurate and relevant which means brands cannot continue to ignore what consumers are asking for. If multicultural marketing is not a key component of a brands marketing strategy then they are missing out on huge opportunity to capture the audience they seek
http://www.huffingtonpost.com/cesar-m-melgoza/the-digital-marketing-revolutions-multicultural-core_b_6699238.html

Marketing to Millennials

According to the Pew Research Center, this year Millennials will pass Baby Boomers as the largest living generation. This simple fact single handedly stresses how critical it is to market to this generation. It is imperative to be aware of the fact that Millennials place high value on diversity and multicultural marketing. But how do brands go about launching this approach? What is the best way to reach this generation which is used to inclusion? Below are four areas brands need to consider when marketing to Millennials:
1. General business factors
2. Brand data
3. Approach to personalization
4. Social engagement

http://www.business2community.com/marketing/age-millennials-multicultural-marketing-dead-01152913