Money White So Buy Black | The Odyssey Online
Start writing a post
Politics and Activism

Money White So Buy Black

Would It Kill You To Invest In Your Own Community?

18
Money White So Buy Black
www.google.com

Did you know that Africans Americans have the most buying power out of any other race? Last year, alone, we spent 1.1 TRILLION dollars collectively. That number is estimated to increase to 1.3 trillion by 2017. According to a recent study by the Nielsen Company, "African-Americans make an average of 156 shopping trips per year, compared with 146 for the total market." We are the main consumers in a white dominated market. I don't know about you, but that's a problem to me. A BIG problem.

African Americans are literally trend setters. Whatever is poppin in our community is what companies look out for because they know other races of people will follow the trend. The sad part is, companies only spend about 3% on advertising for the black community. Does that sound right? I mean if we're spending 1 TRILLION dollars every year there should be more money invested in advertising to our community, at least. But that just goes to show how much we don't really matter to big corporations and companies which are mainly white owned. They want our money and that's it. The rich whites get richer and most of them don't support or agree with any of the social issues occurring in the black community.

Why should we continue to support people and companies that don't support us? Or our lives? Now, of course, we can't just completely stop buying from major corporations such as Walmart, but what we can do is stop spending so much. There are so many black owned businesses with good products that the black community won't support. It's usually for one of two reasons (or both): 1. The products are "too expensive" or we don't know "if it will actually work well." All I can say to that is "Wow! Really?"

We don't mind spending $100+ on an MK watch or $60 on one polo shirt, but when it comes to products made by our own it costs "too much". The same way those corporations need to make profits in order to stay in business, so do black owned businesses. I, personally, do not mind investing money into black owned businesses. I want to see my community prosper and do great things. So if someone has a good product or business, I'm more than willing to support them. Even if it's a small business that's not well known or a "mom and pop" shop. Those are the ones that need our dollars the most. Or college students that are being entrepreneurs whether they do hair, nails, have a clothing line, make jewelry, etc. Clearly they're not well known since they're students and just starting out, but if you like the product or business you shouldn't have a problem supporting it especially if the price is reasonable.

Also, when we do support our own businesses we shouldn't ask for discounts. If you have no problem paying full price at Walmart, MK, Polo, or Nike, you shouldn't have a problem paying full price for black owned businesses. Stop asking for discounts! It's insulting to the business owner and just rude. Just because we're both black doesn't mean they "owe" you a discount or anything for that matter. If you want to support them, do so with generosity and wholeheartedly. I mean, why wouldn't we want to see each other prosper and grow?

At the end of the day, money is white. The economy and most corporations are dominated and run by white people. So why not spend black? Why not invest your white dollars into your black community? The black community has such a strong buying power. We can turn that power into prosperity for each other. Our black power is stronger than we can even imagine.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Featured

12 Midnight NYE: Fun Ideas!

This isn't just for the single Pringles out there either, folks

14184
Friends celebrating the New Years!
StableDiffusion

When the clock strikes twelve midnight on New Year's Eve, do you ever find yourself lost regarding what to do during that big moment? It's a very important moment. It is the first moment of the New Year, doesn't it seem like you should be doing something grand, something meaningful, something spontaneous? Sure, many decide to spend the moment on the lips of another, but what good is that? Take a look at these other suggestions on how to ring in the New Year that are much more spectacular and exciting than a simple little kiss.

Keep Reading...Show less
piano
Digital Trends

I am very serious about the Christmas season. It's one of my favorite things, and I love it all from gift-giving to baking to the decorations, but I especially love Christmas music. Here are 11 songs you should consider adding to your Christmas playlists.

Keep Reading...Show less
campus
CampusExplorer

New year, new semester, not the same old thing. This semester will be a semester to redeem all the mistakes made in the previous five months.

1. I will wake up (sorta) on time for class.

Let's face it, last semester you woke up with enough time to brush your teeth and get to class and even then you were about 10 minutes late and rollin' in with some pretty unfortunate bed head. This semester we will set our alarms, wake up with time to get ready, and get to class on time!

Keep Reading...Show less
Student Life

The 5 Painfully True Stages Of Camping Out At The Library

For those long nights that turn into mornings when the struggle is real.

2807
woman reading a book while sitting on black leather 3-seat couch
Photo by Seven Shooter on Unsplash

And so it begins.

1. Walk in motivated and ready to rock

Camping out at the library is not for the faint of heart. You need to go in as a warrior. You usually have brought supplies (laptop, chargers, and textbooks) and sustenance (water, snacks, and blanket/sweatpants) since the battle will be for an undetermined length of time. Perhaps it is one assignment or perhaps it's four. You are motivated and prepared; you don’t doubt the assignment(s) will take time, but you know it couldn’t be that long.

Keep Reading...Show less
Student Life

The 14 Stages Of The Last Week Of Class

You need sleep, but also have 13 things due in the span of 4 days.

1693
black marker on notebook

December... it's full of finals, due dates, Mariah Carey, and the holidays. It's the worst time of the year, but the best because after finals, you get to not think about classes for a month and catch up on all the sleep you lost throughout the semester. But what's worse than finals week is the last week of classes, when all the due dates you've put off can no longer be put off anymore.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments