Who profits from Black consumers & How much we buy?

African Americans are proportionately the largest users of mouthwash, deoderant , soap, toilet paper, cough medicine, laxitives and lotion. We spend over $10 billion yearly on our hair. We spend $60 billion on food in the grocery stores annually and this doesn't include fast food where we spend around $25 billion annually. Proportionately, we are major purchasers of athletic shoes and apparel. Yet, can you name for me any products sold in your local supermarket or drug store that come from Black own companies? Maybe 1 or 2. Lets look around our communities. Do you see any Black owned retail stores. Think about your average week. Do you spend any money with businesses that you know are Black owned? Even franchises, how many of those are Black owned, proportionate to what we spend. Very, very few. There are less than a handful of Black owned BMW, Toyota and Mercedes Benz dealerships nationwide, yet we love to buy these cars. Don't get me started about the diamond ear rings that young brothers like to wear in both ears.

Why do we love companies and their products that don't love us back? Our purchases create companies, jobs ,opportunities and wealth for everyone else but ourselves. Foreigners coming to America know that the easiest and cheapest place for them to set up a family business is in the Black community. They are told that African Americans really don't care who they buy from. We don't seem to really understand the basic principles of economics and survival. If we don't begin to do business with ourselves, then who will.  Now lets look at other minority groups. Every major city has a China town where many Asians shop. Furthermore these shops hire Asian employees. The same is true for Hispanics who are now the largest minority group in America. A recent survey in the Wall Street Journal says employers increasingly prefer to hire Hispanics over Blacks. This is only going to get worse....

Many minority groups are now using the power of the internet to help redirect their  spending and build wealth for themselves and their family. Please share your ideas for real economic emplowerment....

Comments

[Monica]

My name is Monica Anderson, Born and bread in the UK of Jamaican parents and like yourself. Raised in the sixties.

Your above question could also mirror the UK.

In The UK the black population contribute so little to it's consumer needs.
The few who do set up business try to get rich so quickly by inflating their
prices to a level where the average black person finds it impossible to
support on a regular basis. Inevitably the business fails.

There is then the common criticism blacks don't support black businesses.

This is just to let you know I have enjoyed your site. You have spoken so
much truth.


I'm hoping to have a web-site up and running soon. Hopefully we can encourage
our people to take their futures into their own hands. Nothing will be handed
to us on a plate.

I will link your site to mine so others can read your words of wisdom.

Thank you so much for such a wonderful site.
God Bless

Monica
NW London UK

[Tre Millyanz]

We simply need to have more black-owned businesses. We also need to have these businesses so we can hire Black ex-cons. There's so many Black men out there that can't escape the cycle of going to prison, getting released, and going back again because they can't find good work. Most of these brothers were incarcerated for ridiculous and/or false reasons anyway. Also, we need to make it a point to seek out Black-owned business to patronize. Blackpages.com does an alright job of this, but it could be improved to look more professional. Just my 2 cents!

dangerousNegro.com
Black Empowerment Apparel

[Marvin Wethington]

Mr. Johnson. Your site seems to echo the sentiments of our new film, Color of the Cross. Please take a look at our site and let me hear your thoughts, Sir at http://www.colorofthecross.com.

Thank you.

[Cee]

I agreee with everything you say, not to mention that the whites that are in political power have brainwashed the blacks and are trying to do it with the hispanics one perfect example is when the cia was to neutralizing the Black Panthers by bringing in drugs to have blacks kill each other.