MarketTools Extends Hispanic Reach

December 15 2005

Online specialist MarketTools has introduced a new service – Hispanic Reach – designed to understand the opinions and purchasing behaviour of the US Hispanic population, which has an estimated buying power of $600bn. The service will use a 100,000-strong online panel, together with offline respondents to ensure a representative sample. Hispanics currently comprise 12.5% of the US population, and are expected to reach 24% by 2050, making them the fastest growing population segment. Their buying power is expected to grow to $1 trillion by 2007. However, according to MarketTools, this population is often difficult for researchers to reach and understand. The company says that online-only research tends to capture Hispanics who are more ‘acculturated’, while offline research captures a more ‘unacculturated’ group. By blending both solutions, the company aims to reach a more representative sample. The majority of the research will be conducted online with a subset of MarketTools’ two-million-plus ZoomPanel. Speaking of the new service, Amal Johnson, CEO of MarketTools, says: ‘As the Hispanic population and other multi-cultural populations grow and diversify, our customers need to keep abreast of their evolving needs, attitudes and opinions.’ The company is online at www.markettools.com . MarketTools Inc.:All news Simple printable version of this article. Email this article to a friend. Register for News emails