A lot of buzz is going on about China and their emerging economy. If it’s all over the press, it’s old news.
One emerging market I’ve been interested in (on the domestic and international level) is Mexico.
Some quick observations:
- Hispanic Americans (wow, I’m so politically correct!) have the highest percentage level of disposable income in the United States. This means they are big spenders for their relative level of income. Appealing to this market will be big business.
- The hispanic population is the fastest growing in America. In a few years, it is projected the majority of Texans will be Hispanic.
- Strong trends that introduced new races into more mainstream culture are currently happening: Hispanic boxers, music artists, athletes, politicians etc. are rapidly on the rise.
States such as California, Texas and Florida can already see a very strong infusion of Hispanic culture. In fact, my favorite radio station in Houston is a Reggaetone station (Spanish Rap). That’s just on a domestic level. In Mexico itself things are starting to become more online, a great opportunity for anyone. So how do you profit from this?? EASY:
Take a look back at the United States and other developed countries before our full-blown internet age, and replicate the processes and new services offered.
One lucky lady who happens to be in the PERFECT position to take full advantage of this is Rebecca who runs a new blog called Trendy Tendencias. I have been reading her blog as she brings something fresh to the blogging world, and is identifying trends you can profit on. I’m keeping an eye on her as she brings all sorts of new trends in Mexico to my attention.
It would be wise to appeal to this market before the press jumps all over it.