Program Success August 2009 | Page 15

PROGRAM SUCCESS – AUGUST 2009 PAGE 15 THE BUSINESS OF “BLACK IN AMERICA” By Dante Lee, Black Business Coach www.DanteLee.com African Americans make up more than 14% of the United States population. This may sound like a small figure, but that adds up to nearly 40 million people. As a group, African American consumers spend nearly one trillion dollars a year - creating the largest buying power by far than any other minority group. Those facts, published by the U.S. Census, make Black people a very valuable group to advertisers and marketers. Thus, you have Ebony, Jet, Essence, Black Enterprise, Program Success and hundreds of other Black magazines and newspapers that are a vehicle for advertisers to reach African Americans. You have web sites such as BlackVoices.com, HBCUconnect.com, BlackAmericaWeb.com, BlackNews.com and others that allows sponsors to create online marketing campaigns towards African Americans. You have over 400 radio stations that target African American listeners, and you have at