Jewish Market Research
Who are the Jewish?
By ‘Jewish law,’ a Jew is someone who is born to Jewish parents or someone who has converted to Judaism. Not everyone born to Jews is a Jew. Said child would have to have grown up with Jewish practices to be a full-fledged member.
Why are the Jewish Important?
Jewish men and women have made some of the most significant contributions to our society. These have served to change the lives of many today in science, crafts, food, dance, and business finance. They also invented cement thousands of years ago in Jericho. In medieval times they assisted the Chinese in creating paper money.
Jews are the masterminds behind many of our medical advances. They developed vaccines for cholera, the bubonic plague, and polio and are also pioneers in genetic engineering.
Some inventions with Jewish minds behind them are;
- The creation of the first reactors for NASA rockets (Theodore von Kármán).
- Internet protocols and the World Wide Web (Bob Kahn).
- Facebook (Mark Zuckerberg).
- Comic book legend Stan Lee grew up in a Jewish household.
Jews are a significant population in the United States. They account for 2.2% of the total population.
Jews are an important demographic for marketers. They tend to be more educated and affluent than other groups. They also have a high propensity to spend on luxury goods. Another of their strong traditions is philanthropy. This tradition can lead to further donations from them as well.
The Jewish market is essential because it is an influential minority with much money to spend. Furthermore, the fact that it is willing to donate money is a boon.
Key Job Titles
The Jewish Bible permits people to lend money on interest to a “stranger.” But it prohibits it to a “brother” (fellow Jew). Thus, the Jews saw moneylending as a venture with high profits and little risk. Moreover, Jewish families are behind some of the best-known names in banking and finance. These include Goldman Sachs, the Rothschilds, and the now-defunct Lehman Brothers.
In 1290, Edward I expelled the entire Jewish population of England. Because of this exile, they could not buy land and had no other means of living than trade. Trade is one of the most significant factors in Jewish wealth today. Many become salespersons to carry on the tradition.
Since only 2.2% of the US population is Jewish, it is unbelievable that kosher markers dominate so much. A reason for this may be because of the health benefits that kosher food has.
Key Success Factors of the Jewish
Jews are one of the wealthiest groups of people in the world. This wealth is partly because of their cultural background. Some critical factors to this success are their religion and good business practices. In the Torah, Jewish philosophers and leaders state how a Jew is to run their business and household.
Jews are resilient and able to persevere in difficult situations. This resilience may be due to their spiritual teachings. Failure does not discourage them. Their hardships, as seen in history, are examples of this. When things go wrong in business which almost always happens, they don’t focus on failure. Instead, they look at ways to better themselves to reduce the chances of that happening again.
Jews rank as the most educated religious group in the world. Jews receive an average of 13.4 years of schooling post-secondary schooling. They also make up the most qualified groups in the world today.
They have a special bond with each other. In Judaism, wealth is not only for accumulation. People must also spread it through the community to build and benefit all. Jews were one of the first people to use globalization and networking to increase wealth.
Why is Jewish Market Research Important
Jews are of the most educated religious groups. They are hardworking, resilient, and faith-driven. They also have deep roots in their community. The Jewish faith’s core values are justice, kindness, charity, and healing. Judaism teaches that everyone has a role in helping those in poverty.
Jews and Judaism also share a significant role in the development of Christianity today, and Judaism has impacted some of the central doctrines and ideas. Jews were also one of the first to fight against inequality. The Jewish struggle created a revolutionary framework. That framework has transferred to modern society today. The persistence of Jews in the past who fought inequality is inspiring. It has inspired the world today.
Jews were at one point one of the most oppressed groups. With resilience, they fought for their liberty. They also are an example for any group or country that human liberty is a right. Their story encourages people to fight inequality in the world.
About Jewish Market Research
The Jewish market is an important and fast-growing demographic to research. For years they have been an underserved group. With the growth of social media and online retail, there is more opportunity. Brands can now reach this demographic.
It’s essential to use Quantitative and Qualitative research to start this process. Strategy research is also vital. Companies have also found success with Interviews, Surveys, and Focus Groups.