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Minority markets are an opportunity waiting to happen. In an arena of increased saturation and competitiveness, the existence of an untapped major consumer market should become a beacon for major consumer goods and services. Minority consumers are one such market. Minority consumers are growing at a rate faster than non-minorities. Minority consumers have substantial buying power, a willingness to buy, and a need for a wide variety of products and services. Although this market is not without risks, minority consumers are underserved and thus represent a fertile target market.
The United States stands at the brink of an ethnic evolution. If the growth trend of ...