January 2, 2008
According to a new study called
Reaching the US Hispanic Market: Consumer Attitudes and Buying Behavior commissioned by the DMA (Direct Marketing Association), the U.S. has the fifth-largest Spanish speaking population in the world.
The report also highlights some interesting facts about this potential market:
- Major cities in the Southern U.S. have seen the most dramatic Hispanic population growth;
- Over one-third of Hispanic households earn over $50,000 per year; and
- Hispanic-American's purchasing power currently exceeds $700 billion and is expected to reach $1 trillion by 2008.
It's starting to become apparent that if you (as a call center) are not catering to your Spanish-speaking customers just as well as you are catering to your English-speaking customers (and keep in mind the two populaces may have different needs and preferences), you are killing a great deal of sales potential for your organization.
You can find out more about the new report at
www.the-dma.org/bookstore
TES