This very challenging economic climate (to put it mildly) is making otherwise rational business people make some misguided decisions. In the now-in-fashion-more-than-ever hunt for saving money, those in charge are looking everywhere for savings. On the one hand, I understand that when business realities call for leaner expense budgets, changes need to be made. On the other hand, however, I don’t understand how some of the things that are being evaluated for cutting would ever make it to that list. A particular one that doesn’t make sense: cutting support for Hispanic-targeted corporate websites.

Even before the US economy took its swan dive into the commode, corporate sites targeting Hispanics were few and far between. Never mind the research supporting the need for companies to have Hispanic market sites up and running, even with full transactional capabilities. Never mind the research finding that Hispanics are going online in droves and finding precious little content tailored to them. Many clients still resisted and remained general market, English-only, on the Web. This was the case even for marketers with support for Hispanic advertising. Imagine that, investing in advertising to the Hispanic market, while alienating the same consumers online.

Today’s economic realities make things even tougher. As marketing budgets get cut left and right (enough has been written about the folly of cutting marketing investment in recessionary times, so I won’t go into it here), multicultural marketing budgets commonly find themselves in the crosshairs of short-term-thinking clients. Keeping the Hispanic website becomes a line item that is often too easy to cut as companies reduce headcount in internal support staff (who’ll manage the Hispanic site now?) and overall marketing communications targeting this population (would they prioritize the website over running a few more television spots?).

Especially in these tough times, clients need to reconsider any thought of cutting the support for their Hispanic-targeted corporate website. Here are a few reasons why, some of which I alluded to above:

1. Hispanics are online. According to comScore, there were 20 million Hispanics online last month. Brands should be there too. Marketers should not alienate Hispanic consumers on the Web by providing only a general market site.
2. Hispanics who are online tend to be better-educated and have higher incomes and better credit, making the Web a bit of a filter for the cream of the crop of Hispanic consumers. Talk about efficiency!
3. There is a dearth of Hispanic-targeted content online, making any marketer’s content stand out much more than in the general market, where there’s plenty of me-too content to go around.
4. Hispanic consumers often go online to learn about the products and services they seek, even if they end up completing the transaction in offline channels. Lacking a website, where will these consumers go to get the information they need to make a purchase decision?
5. Analyzing server logs from their Hispanic-targeted sites can provide companies valuable insights into consumer behavior. Product preference, information needs, purchase behavior, and more can be gleaned from “watching” consumers on the site.
6. Marketers who cut their Hispanic sites may find their Hispanic consumers more easily swayed by the competition, which by maintaining a robust online presence for Hispanics, sent the clear message that the group is important to them.

In summary, I would strongly advise clients to not only forget about cutting Hispanic-targeted websites, but to increase the support (e.g., funding, resources) behind them. It’s an investment that will pay off handsomely in more business from this very attractive population.