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Lgbt Marketing

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Submitted By ranajay11
Words 2906
Pages 12
Mudra Institute of Communication, Ahmadabad | LGBT Marketing | Innovative Marketing – Individual assignment |

Ranajay sengupta | 18054 |
8/25/2012
|

Contents Why gay market is lucrative 2 LGBT as a customer segment 3 Over-indexing and Consumption 3 Entertainment 3 Travel and Leisure 3 Internet usage 3 Brand Loyalty 4 LGBT signs and symbols 5 Segments which have used LGBT marketing 6 Lifestyle of a typical LGBT consumer 6 Mistakes to avoid while marketing to the LGBT community 7 References 9

Decades after invisibility and reaching critical mass, a breakthrough July 1991 article in the conservative Wall Street Journal called the lesbian and gay community "a dream market." Today the American market is estimated to be valued at $660 billion, projected to reach $835 billion by 2011 --based primarily on U.S. population growth and steady 7% representation of gays and lesbians within the overall population.
In 2004, 36% of Fortune 100 companies have advertised directly to the lesbian and gay market, and American corporations now spend about $223.3 million annually in gay print media, according to the 2006 Gay Press Report from Rivendell Marketing and Prime Access, which tracks 284 U.S. gay press publications. Much more has been spent in sponsorships and online advertising, which the survey does not track.
The situation is fast changing in India as well, OutNowConsulting.com, The London-based consultancy firm has been conducting surveys across the globe on the product and lifestyle choices of the lesbian, gay, bisexual and transgender (LGBT) community and provides advice to international companies like Lufthansa, IBM, Toyota, Citibank and Barclays on catering to this category of consumers. The main reason behind the interest in the Indian market is due to the growing purchasing power of the Indian queer community, which is

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