Women in Marketing Procurement’s Post

We try not to share too much that lives behind a paywall—however, this one deserves some attention! The article “Multicultural Marketing: The New Normal for Brands and Consumers” emphasizes the need for brands to adjust their strategies to align with the growing multicultural population in the U.S. The traditional concept of a "general market" no longer applies, as diverse audiences are now the mainstream. Here’s how brands can adapt: Shift Mindset to a Multicultural Focus: Brands should stop treating multicultural marketing as a separate effort. Instead, targeting diverse audiences should be integrated into every aspect of marketing, as these consumers now represent the general market. Leverage Nuanced Understanding of Diverse Audiences: Brands should develop campaigns that resonate with the specific characteristics of different cultural groups. For example, Black consumers are more engaged with digital culture, while Latino consumers are more price-conscious. Tailoring messaging to these nuances can lead to more robust engagement. Increase Investment in Multicultural Media: Advertisers allocate less than 2% of their budgets to publishers that reach minority audiences. Brands must redirect more resources to media that cater to these growing consumer bases to avoid missing valuable engagement opportunities. Foster Authentic Connections: Multicultural marketing is about creating ads that connect with diverse audiences. Research shows that ads fostering inclusion and identification with American society outperform surface-level diversity efforts. Recognize Multiculturalism as a Business Imperative: Reaching diverse consumers isn’t just about representation; it's about sustaining business growth. Brands that understand and act on these shifts will be well-positioned to lead the future multicultural economy. Brands must recognize that catering to a multicultural audience isn't a side project—it's essential for future success. RAUS Global #DEI Christine Moore #marketingprocurement Please read the full article here: https://lnkd.in/emVHGVS3

Why multicultural marketing should be the new normal for brands and consumers

Why multicultural marketing should be the new normal for brands and consumers

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