The total revenue generated by Latino- owned businesses in 2002 was $222 billion There are 29,168 Latino-owned business with receipts of $1 million or more. Latinos have an estimated buying power of $850 billion US Latino business basics
Nov 07, 2014
The total revenue generated by Latino-owned businesses in 2002 was $222 billion
There are 29,168 Latino-owned business with receipts of $1 million or more.
Latinos have an estimated buying power of $850 billion
US Latino business basics
Latinos owned approximately 1.6 million U.S. businesses in 2002
This amount of Latino-owned businesses is up 19% from 1997
Latinos in the United States are opening businesses at a rate that is three times as fast as the national average (31% versus 10% between 1997 and 2002)
How large is the b2b Latino market?
Mexicans represent the largest number of immigrant business owners with 255,300 Mexican business owners.
Mexican immigrants are the only group representing more than 10 percent of the total immigrant share of business owners.
Cuba, El Salvador, Colombia, Dominican Republic and Guatemala are also among top 20 immigrant groups with the largest number of business owners
Latino immigrant owned business contribution to our economy
Number per Percent of Number per
Month U.S. total Percent 100,000
U.S. total 484,864 100.00 0.28 284U.S.-born total 403,763 83.27 0.27 273Immigrant total 81,100 16.73 0.35 349Mexico 23,094 4.76 0.34 340El Salvador 3,178 0.66 0.47 472Cuba 3,098 0.64 0.42 425Dominican Rep. 2,417 0.50 0.47 467Guatemala 1,758 0.36 0.52 518
New Latino businesses opened every month
Challenges of engaging with Latino businesses
Although Latinos have a $850 billion buying power, half of their disposable income is spent at independent Latino businesses
Latino businesses only buy through familiar relations and trusted sources
Latino small businesses are not open networkers and do not attend networking events
Latino businesses generally lack technical education and are not technologically savvy
What are the opportunities to engage with Latino businesses
You can become a trusted provider for Latino businesses. How long do you want to wait?
There is the opportunity to become connected with Latino businesses and become a Latino friendly business
El Club de Comerciantes provides businesses the capacity to tap into the vast and still expanding Latino market
Why join El Club de Comerciantes online?
The total revenue generated by Latino-owned businesses in 2002 was $222 billion
There are 29,168 Latino-owned business with receipts of $1 million or more.
35,000 New business are open by Latinos every month
About usEl Club de Comerciantes is a privately owned organization that connects independent retailers and wholesalers, as well as startups and business professionals in US and the Americas.
Our mission is to become the leading bilingual information source for independent retailers, entrepreneurs, and their trading partners in the USA and the Americas.
Milestones
We have touched the lives of 50,000 entrepreneurs through our presentations, TV and radio spots, blogs, press releases, interviews, our 25 online groups at Linked In, Facebook and YouTube, as well as through our participation in over 50 international exhibitions and trade missions.
Our Partners
In US:PR NewswireNational Association of Grocery storesLatino Farmers and Ranchers Association
Federal Hasson and Associates In Spain:
Ynergia
In the Arabic Emirates:Newzmakers TV
In Mexico:GustherBaspac
Events
Participation in over 50 international tradeshows
Signature educational and networking events
Sample of events:•Aflac Educational Breakfast•Hispanic marketing and social media workshops•Multicultural Community Bridge Building•US-Mexico 2020 Power Mixer•Legislative forums •Hispanic Media Excellence Awards and Tradeshows
El Club de Comerciantes Online
Social media initiative with 30 online groups or presence at LinkedIn,Facebook, Twitter, Yahoo,Goggle, MySpace, AOL and YouTube
1500 online members among all social media sites
Email marketing campaign
Search Engine Optimization
El Club de Comerciantes Online
•Business portal featuring
•Over 400 educational videos & articles
•Business directory
•Chat, Forums and discussions
•Private and public groups
•Free Email accounts for users
Partnership program
Cross marketing partners
Media and Educational partners
Strategic partners (barter available)
Referral and Resellers program
Investors and investment brokers