Black Entrepreneur Blueprint 474 - Jay Jones - Why Blacks Buy Buy From Other Ethnicities And No Other Ethnicities Buy From Blacks

BLACK ENTREPRENEUR BLUEPRINT

Jay Jones

Blackenterprise, Blackbusinesspodcast, Bestblackpodcast, Marketing, Entrepreneurship, Blackinterviews, Blackentrepreneur, Africanamericanentrepreneurs, Blackentrepreneurinterviews, Blackentrepreneurblueprint, Blackpodcastshows, Business, Blackbusiness, Jayjones, Africanamericanbusiness, Africanamericanbusinesspodcast, Denniskimbro

4.8 • 673 Ratings

🗓️ 17 July 2023

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Black consumer buying power is projected to reach $1.8 trillion dollars by 2024 but only two cents of every dollar is spent with Black-owned businesses. Why do Black people feel that it’s okay to buy from other ethnicities when other ethnicities don’t buy from Black-owned businesses?

On today’s Black Entrepreneur Blueprint podcast episode number 474, Jay discusses and dissects the mindset of the Black consumer and gives several actions we can take to reshape our consumer spending habits to improve our own community and help build wealth.

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Transcript

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0:00.0	Welcome to Black Entrepreneur Blueprint, the number one podcast and resource for Black
0:18.4	Entrepreneurs.
0:19.8	I'm your host Jay Jones, and Black Entrepreneur Blueprint was created specifically to educate
0:25.6	and inspire black entrepreneurs to launch, build, and grow successful, sustainable businesses.
0:32.6	Join us as we help build an economic power base in the worldwide black community by building and
0:39.2	supporting black owned businesses. If you're currently an entrepreneur or want to be an entrepreneur,
0:45.6	you're invited to join us each and every week here at Black Entrepreneur Blueprint.
0:50.4	Welcome to the B.EB family and get ready to elevate your entrepreneur IQ.
1:00.0	Welcome to the black entrepreneur blueprint, episode number of 474. I'm your host Jay Jones and
1:09.1	today we have another outstanding and informative show and stored for you.
1:13.0	Today's show topic is why blacks buy from other ethnicities and no other ethnicities buy from blacks.
1:20.5	Why blacks buy from other ethnicities and no other ethnicities buy from blacks?
1:26.9	Black consumer buying power is actually projected to reach $1.8 trillion
1:31.3	dollars with a T, trillion dollars by 2024.
1:35.3	But sadly, only two cents out of every dollar that we hold in our hands is spent with the black-owned business.
1:42.3	Now my question is, why do black people feel it's okay to buy
1:45.9	from other ethnicities when other ethnicities don't buy from black owned businesses? We just continue
1:52.2	to allow this to happen. So on today's show, I'm going to discuss and dissect the mindset of black
1:58.5	consumers and I'm going to give you guys several actions we can take
2:01.8	to reshape our consumer spending habits to improve our own community and to help build wealth.
2:09.0	In 2023 guys, I always put a lot into my shows, but I'm trying to make a concerted effort
2:14.8	to do shows that are impactful, things that can move the needle,
	...

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