Alvaro Psevoznik, CEO, DM Agency, Hollywood, FL
Twenty-nine years ago, Alvaro Psevoznik, CEO of DM Agency, was a 19-year-old Argentinian law student, designing flyers for hospitality clients in exchange for admissions into nightclubs. Alvaro found himself frustrated with Argentinian politics – which is plagued with fiscal instability, political corruption, de-motivational handouts for a large percentage of the (unemployed) citizenry, and a cycle of massive financial crises every 5 or 10 years. Alvaro’s experience was, no matter how hard one worked and saved, bank accounts could disappear overnight. This constant uproar, Alvaro says, makes it hard for people in South American countries to plan and work toward a future.
Alvaro moved to the U.S. in 2002 and went back to hospitality marketing. He claims that early adversity provided lessons that helped him survive the 2007-2008 recession (which closed some of his small- and mid-sized clients’ businesses) and prepared him for today’s Covid-19 challenges. In this interview, Alvaro talks about the importance of positive messaging, adaptability, and being “transparent” when faced with crises. He emphasizes that changing Covid-19 “rules” requires fast response.
Today, DM Agency is a comprehensive, full-service, one stop shop for digital marketing solutions. Alvaro explains that there are costs associated with trying to provide a wide range of client services—you either risk people discovering that you are not as “good at everything” as you claimed, or you find yourself supporting an expensive, diverse “stable” of top talent in order to be able to “deliver.” If he were to start over today, he says he’d focus on specific industries and doing only what he was best at doing – lead generation through online advertising.
Most DM clients are restaurants or hotels, but DM has also started to expand into the Esports — organized, online, multiplayer video game competitions that produce $2-3 billion a year through advertising and sponsorship. Esports, Alvaro says, is huge. DM has virtual offices concentrating on Esports in Chile, Argentina, Colombia, and South Florida. Alvaro has created “splinter” agency entities – pretty much the same staff/different “labeling” – that focus on specific unrelated industries in order to avoid such questions as, “What would a restaurant marketer know about marketing windows?”
Agencies often advertise that they are “bilingual. Alvaro says that DM is bi-cultural. Speaking Spanish is different from thinking in Spanish or Latino. DM understands that the Spanish community in the US is not a homogenous group – the culture of origin varies significantly by geography across the US. The agency divides Hispanic marketing into four regions: Mexico and North America, Central America, South America, and the South Florida Cuban community.
Aside from South Florida, how do cultural differences play out across the United States? New Jersey, New York, Chicago have strong Puerto Rican communities with some Mexicans and Dominicans. Mexicans as a majority are located more on the West Coast – Arizona, Texas, and California. Because the words, the accents, the thinking patterns, and the cultures in each community are different, marketing needs to be different. Alvaro hires Hispanic staff that mirrors each targeted audience – so the messages “rings true.” Google translation does not work. Neither does human translation if the culture, vocabulary, and thinking patterns of the translator are not the same as those of the target audience. Authenticity cannot be faked.
Alvaro can be reached on his company’s website – DM agency, as in digital marketing agency – dmagency.us