How to Implement Diversity Marketing In Your Business Strategy (2024)

This article shares the basics of diversity marketing, successful strategies, and a few examples of brands who did it right.

For many consumers, identifying with someone that looks like them in an advertisem*nt or campaign is very important. Whether it is cosmetics or electronics, people are more likely to buy products that they can see themselves using. Although brands used to aim towards white, straight, and thin audiences - they are now implementing diversity marketing strategies to reach larger, more inclusive groups. Let’s go over the basics of diversity marketing, successful strategies, and a few examples of brands who did it right.

What Is Diversity Marketing?

We define diversity marketing as any marketing strategy that accepts and includes various subgroups of a target audience, including categories related to:

  • Age
  • Ability
  • Gender
  • Sexual identity
  • Race or ethnicity
  • Religion and spiritual views

Within these segments, it's also possible to add more details like education, income, marital status, language, and weight. Simply put, diversity marketing is an approach that connects the widest variety of people within a target market.

Want to learn more about how modern brands use this technique? Here are some diversity and inclusion strategy examples.

Why Is Diversity Important In Advertising?

Diversity is important because it ensures that everyone’s voices are heard, and marketing is no exception. As more consumers search for brands that recognize them, businesses that are slow to improve their marketing efforts can seem outdated and apathetic.

Having a diverse strategy gives your business lots of benefits over your competitors, one being further exploration in the minds of your new or returning customers.

Developing A Successful Diversity Marketing Strategy in 3 Easy Steps

The best diversity marketing campaigns come from having awareness on cultures or customs outside of your own. And from there, you can release an effective message to your target audience.

Follow these three simple steps to develop a diversity marketing strategy for your brand.

1. Understand the Different Types of Diversity

Diversity is a broad umbrella that encompasses many different groups, all of which have different needs and wants, just like any other audience group. Go the extra mile to understand all of the users your brand interacts with and learn about the different groups that exist. Taking the time to dive into how they prefer to be discussed, spoken to, and how they look to be understood will move the needle when it comes to successful diversity marketing.

2. Add Inclusive Imaging To Your Content

One of the most important ways to make diverse groups feel seen is to make sure your imaging doesn’t consistently reflect only one type of person. Review the images your brand is implementing and consider: Do all the individuals pictured look the same? Do they all seem like they are part of the same cultural group? Are they portraying a picture of life that is very hom*ogenous? If this is the case, your imaging is probably not as inclusive as you’d like for it to be. Remember, representation matters.

3. Strategize Ways To Prevent Tokenism

Tokenism is defined as “the policy or practice of making only a symbolic effort,” and this kind of practice will not bring about desired results but rather cause harm to diverse groups and can sever connections with them. But, there are ways to ensure that your efforts make a lasting and sincere impact. Lead from a place of wanting to share knowledge and educate. In doing so, your marketing strategy will not only be authentic but will be a success.

How to Implement Diversity Marketing In Your Business Strategy (1)

At IDX, we are always trying to make your marketing as effective as possible, which includes thinking about how your brand can be more successful in its diversity marketing tactics. To discuss your strategies, get in touch today.

How to Implement Diversity Marketing In Your Business Strategy (2024)

FAQs

How to Implement Diversity Marketing In Your Business Strategy? ›

Brands should also engage in seeking feedback from the groups they're trying to reach. Successful examples of diversity marketing campaigns include Coca-Cola's ''America the Beautiful'' Super Bowl commercial and Chevrolet's ''The New Us,'' which reached out to the LGBT community.

What is an example of diversity marketing? ›

Brands should also engage in seeking feedback from the groups they're trying to reach. Successful examples of diversity marketing campaigns include Coca-Cola's ''America the Beautiful'' Super Bowl commercial and Chevrolet's ''The New Us,'' which reached out to the LGBT community.

How do you create a multicultural marketing strategy? ›

This includes tailoring content, visuals, and even products or services to reflect the preferences and values of the target audience. By incorporating local traditions, customs, and imagery into marketing campaigns, businesses can establish a genuine connection with multicultural consumers.

How might an understanding of diversity help formulate a firm's marketing strategy? ›

Diversity marketing can enhance personalization efforts by encouraging marketers to deeply understand their audiences. Marketers who know their audience segments' specific needs, problems and cultural customs can create more effective campaigns.

What is a diverse marketing strategy? ›

Diversity marketing is a marketing practice that involves recognizing different subgroups in your target audiences and being informed about different cultural and societal changes in your community and customers. Diversity marketing sets the goals and intentions for the rest of your marketing campaigns.

What is an example of diversity marketing in action? ›

1. The Money Mongers. The Money Mongers, a California-based research firm that specializes in cryptocurrency, blockchain, Web 3.0 and decentralization, launched a marketing campaign to address the industry's lack of representation in terms of gender, race and ethnicity.

What are the 7 steps to implement a business strategy? ›

How to Strategic Plan in 7 Steps
  • Step 1: Environmental Scan. ...
  • Step 2: Internal Analysis. ...
  • Step 3: Strategic Direction. ...
  • Step 4: Develop Goals and Objectives. ...
  • Step 5: Define Metrics, Set Timelines, and Track Progress. ...
  • Step 6: Write and Publish a Strategic Plan. ...
  • Step 7: Plan for Implementation and the Future.
Apr 26, 2022

How do you implement a business strategy? ›

Your implementation plan is the roadmap to a successful strategy execution and should include the following steps:
  1. Define your goals.
  2. Conduct proper research.
  3. Map out any risks.
  4. Schedule all milestones.
  5. Assign tasks.
  6. Allocate helpful resources.

What is the best practice for multicultural marketing? ›

Here are four strategies that help your business tap into the multicultural market.
  • Developing an All-Inclusive Marketing Model. Modern-day consumers demand diversity in how a brand represents its products and services. ...
  • Exploring Social Networks. ...
  • Creating a Consumer Persona. ...
  • Engaging with Ethnic Influencers.
Oct 22, 2021

How do you implement an international marketing strategy? ›

While every international strategy is unique, the following steps present a general guideline for businesses looking to expand globally.
  1. Set goals for your international strategy. ...
  2. Identify your product or service. ...
  3. Research new markets. ...
  4. Understand your competition. ...
  5. Plan your marketing strategy.
Oct 26, 2023

How do you implement diversity strategies? ›

Effective diversity and inclusion strategies
  1. Implement mentoring. ...
  2. Create sponsorship opportunities. ...
  3. Start employee resource groups and networks. ...
  4. Hold leaders accountable. ...
  5. Embed D&I into business strategies. ...
  6. Make sure D&I is everyone's business.

How do you create a diversity strategy? ›

How to design a diversity strategy in 5 easy steps
  1. Assess the current workplace culture. Take a look at any evidence you can find to evaluate objectively the type of culture you have currently. ...
  2. Workforce data/demographics. What does your data tell you? ...
  3. Establish a vision. ...
  4. Brand and marketplace. ...
  5. Inclusive leadership.

How to promote diversity and inclusion in marketing? ›

5 principles of inclusive marketing
  1. Mirror a true reflection. Inclusive marketing campaigns are true to the world around us. ...
  2. Be inclusive of everyone. Diversity in marketing and advertising is about being inclusive of everyone. ...
  3. Take time to truly understand. ...
  4. Be mindful of language and tone. ...
  5. Measure intention vs impact.

What is diversity 3 examples? ›

Examples of diversity include visible diversity such as age, ethnicity, gender, physical abilities/qualities, race. Invisible diversity examples are sexual orientation, educational background, and work experiences. Personal diversity includes religion, geographical location, and general worldview.

What is a diversity market? ›

Diversity marketing, also known as inclusive marketing, inclusion marketing, or in-culture marketing, is a marketing paradigm which sees marketing (and especially marketing communications) as a way to connect with the different individuals in the market.

What is the purpose of diversity marketing? ›

Diversity and inclusion are important in marketing because they help celebrate audiences of different backgrounds. This type of marketing helps audiences discover brands that align with their values, which more consumers say they are interested in doing.

What is an example of a diversity activity? ›

Go around the room and ask each team member to share something about their background (e.g., education, skills, race, etc.). Pair each person in the group with another person who has a different background. Instruct each person to list the distinct challenges the other person faces on a daily basis.

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