Wealthy African Americans Are on the Green

With spring moving into summer for most of theBased on minority participation reports conducted by
country, the opportunity to blow off some steam orthe World Golf Foundation and their Golf 20/20
make a deal outside the boardroom with a golf club isinitiative, the industry has been targeting minority groups
beckoning. And, marketers who are looking for morewho are viewed as important to growing interest and
"green" should be looking on "the green."participation in the game. African Americans, along with
Prominent figures giving credence to this idea are, ofwomen and Hispanics, are the demographics "with
course, President Obama and Tiger Woods. Thepent up demand" who will help the sport meet its
Associated Press reported this month that thetarget of having 55 million participants by the year
President has recently had four golf outings in five2020. If Year 2000 census data showed the golf
weeks. Mid-June marks the start of the U.S. Openindustry having $62 billion in sales - more than the
2009 whose website is featuring Tiger in their Playermotion picture and sound recording industry and the
Bios section. During Black History Month earlier thisamusement, gambling and recreation industry - then
year, the PGA of America presented a display at thethe currently growing participation of wealthy
PGA Historical Center honoring four groundbreakingAfrican-American players offers significant purchasing
African-American heroes in the sport. The presencepower to be harnessed. That purchasing power has
of African Americans in the game is noteworthy.been estimated to become nearly half (45%) of the
A Profitable Niche Segment for Golf Industry andprojected $1.1 trillion of all African Americans by 2012.
Luxury BrandsWith the proportion of African-American female golf
Statistically, the African-American golf community hasparticipants found to be above average, another
grown by thirty per cent in the last decade withpotentially fruitful sub-segment is appearing. Many
interest in the game rapidly outpacing that of Asianprofessional black women are taking to the golf
American and Hispanic Americans. In fact, the Nationalcourse to capture that lucrative business deal often
Golf Foundation reports that a full fifteen per cent ofnegotiated on the green. In the Spring 2009 issue of
golfers - a stunning 5.5 million people - are minorities,Odyssey Couleur, Pam Swensen, CEO of the
and 2.3 million of them are African American.Florida-based Executive Women's Golf Association,
Since participation is a function of household income, itstated that she is seeing an increase in membership as
stands to reason that gaining the attention of this nichemore African-American women use golf as a
segment of golf enthusiasts will help brands morebusiness-building tool.
effectively implement their target marketing strategyAll any luxury marketing executive has to do to
of reaching the affluent ethnic consumer - especially,potentially gain new prospects is to let go of some
the African-American Royaltons TM. Adding 2.3 millionassumptions about who the typical golfer was in the
people to a list of potential consumers is anypast and choose to step into the future of the golf
marketer's dream come true.market.
Participants With Purchasing Power