According to the US Census Bureau, there are 212,351 businesses in the Boston area. Some of these companies are small. Some are large. Some sell machine parts. Some sell software. Some provide legal services. Some provide eyecare.
Regardless of the size of the business or what it sells, all of these local companies have one thing in common: they are struggling to fill open jobs with qualified candidates. This is true in Boston as well as Newburyport, Quincy, Worcester, Framingham, and every point in between.
Right now, across the country, according to the Bureau of Labor Statistics, there are 10.9 million open jobs. This is an all-time record.
To put this mammoth number of open jobs in perspective, the Federal Reserve says there are now five job openings per every four unemployed people.
Attempting to recruit Boston workers from the ranks of the unemployed has proven fruitless for local companies. This is because many people who lost their jobs during the pandemic have no intention of returning to the workforce anytime soon.
There are several reasons so many Boston workers are not coming back.
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Topics
best way to advertise,
radio advertising,
recruitment advertising,
employment advertising,
white collar,
Zip Recruiter,
blue collar,
Indeed
If you were one of the 3.2 million adults who tuned in to Boston radio last week, then chances are excellent that you heard advertising for ZipRecruiter. That's because the company purchased 1153 advertisements to air on local stations during the month of August, according to Media Monitors.
ZipRecruiter is an online recruitment site that helps companies of every size advertise open jobs. Overall, more than 2.8 million companies have posted an opening on ZipRecruiter.com
It is no wonder that ZipRecruiter and its competitors like Indeed have been making significant advertising investments on Boston radio. Finding qualified workers is one of the toughest challenges facing local business owners. According to the Bureau of Labor Statistics, the number of job openings in the U.S. has reached a record high 10.1-million jobs with just not enough candidates to fill them.
If you've heard these commercials on Boston radio, then you know that ZipRecruiter is not advertising to attract job seekers to its website. Rather, the company's goal is to convince local business owners to buy help wanted ads from them.
So, why has ZipRecruiter chosen Boston radio as a business-to-business (B2B) advertising resource? The first reason is revealed in the first line of their commercial.
"According to research," says the announcer, "82% of people remember radio ads."
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Topics
radio advertising,
B2B advertising,
small business advertising,
recruitment advertising,
Zip Recruiter,
Indeed,
business-to-business advertising
When Boston's first radio station, WBZ, began broadcasting on September 21, 1921, the station needed a tall antenna and lots of buried copper cable to transmit its signal. Radio receivers at the time were mostly homemade and involved a piece of crystalline mineral and a wire coil.
Over many decades in Boston, both the broadcasting and receiving equipment improved. In the mid-1920s this meant store-bought radios. In the 1930s this meant car radios. In the 1960s this meant transistor radios. In the 1970s this meant boom boxes. And, in the 1980s this meant Walkmen. But, despite these improvements, the fundamental technology of big towers sending a signal through the air to a radio receiver remained the same.
In 1994, there was a new way for Boston consumers to listen to the radio. That was the year local stations across the country began streaming their signals over the internet and listeners could use their computers (later their smartphones and smart speakers) as receiving devices. No big antennas, no wires, and no actual radio needed.
In 2021, according to Nielsen, Boston radio reaches more local consumers than any other advertising media option.
Neilsen finds, too, that 32% of all consumers who listen to a Boston radio station over-the-air will, at some point during the month, also connect to a local station via the internet.
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Topics
best way to advertise,
radio advertising,
online advertising,
streaming audio,
smart speakers,
internet,
advertising options
Every week, according to Nielsen, Boston radio reaches 3.2 million adult consumers. This is significantly more people than are reached by local TV, cable, social media, streaming video, streaming audio, or newspapers.
Because of its humongous reach, area small business owners advertise on Boston radio to successfully market the products and services they sell.
Many first-time advertisers on Boston radio will ask how many times a consumer needs to hear a commercial before they become a customer. Often the business owner is told that to be effective, a consumer needs to be exposed to a message three times before they will buy. Unfortunately, this prescription for a three-time frequency is more myth than substance.
A study by Nielsen provides some data-based insights about effective frequency, But first, here's the origin of the mythological rule of three.
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Topics
reach,
radio advertising,
advertising reach,
small business owner,
small business marketing,
small business,
effective advertising,
small business advertising,
frequency,
reach & frequency,
effective frequency
To maximize success, every Boston business owner needs to advertise.
"Think you have a great product?" asks the US Small Business Administration. "Unfortunately, no one’s going to know about it unless you advertise.”
The SBA goes on to say, “Advertising, if done correctly, can do wonders for your product sales, and you know what that means: more revenue and more success for your business.”
According to the US Census Bureau, there are 255,083 small businesses in the Boston area. This geography includes Boston, Cambridge, Newton, Worcester, Manchester, and every point in between. Most of these diminutive companies have limited dollars to invest in advertising.
Advertising successfully in Boston is achievable, though, with a small budget if the available funds are invested wisely. Oftentimes, this means selecting one medium rather than spreading money over several.
So which medium makes the most sense for small business owners with limited budgets? By most key advertising metrics, advertising on Boston radio is the best option.
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Topics
best way to advertise,
reach,
radio advertising,
advertising reach,
roi,
small business owner,
small business marketing,
small business,
small business advertising,
return on investment,
advertising on a budget,
reach & frequency,
radio commercials
There are 677,200 school-aged children in the Boston area. Based on forecasts from the National Retail Federation (NRF), local parents are expected to spend a record $588.2 million to prepare these kids to return to the classroom this fall.
Overall, the NRF expects back-to-school shoppers to spend almost 10% more in 2021 than they did last year.
“The pandemic forced parents and their school-aged children to quickly adapt to virtual learning, and they did it with an incredible amount of resolve and flexibility,” NRF President and CEO Matthew Shay said. “We enter the new school year with plans to return to the classroom and retailers are prepared to help Americans find and purchase whatever they need to make this transition as seamless as possible.”
According to the NRF, more than 51% of parents have already started buying for their K-12 students. But, for Boston business owners there is still time to benefit.
The NRF reports that nearly 76% of K-12 shoppers are still waiting on lists of school supplies needed. On average, consumers have only completed 18% of the shopping.
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Topics
retail,
best way to advertise,
radio advertising,
market to parents,
parents,
children,
retail sales,
retailer,
retail store,
back-to-school,
millennial parents,
retail spending
Advertising is crucial to the success of Boston business owners. According to Investopedia, "lack of adequate marketing and publicity are among the issues that drag down small business".
According to Borrell Associates, a company that tracks advertising trends across the country, Boston business owners are expected to spend $3.6 billion to advertise the goods and services they sell. This represents a 6.3% increase versus last year.
The majority of these dollars are being spent by Boston business owners to capture a significant share of the $72 billion dollars local consumers will be spending this year. These estimates are based on a revised forecast from the National Retail Federation (NRF).
Of course, there is an over-abundance of ways a local business owner can advertise. Perhaps the best way to generate sales from local consumers is with Boston radio. Here are the top five reasons why...
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Topics
reach,
roi,
small business owner,
small business marketing,
millennials,
small business,
small business advertising,
reach & frequency,
radio commercials,
time spent listening
More than 95% of Boston adults have access to the internet. Ubiquitous technology such as computers, tablets, smartphones, and connected TVs allow New England consumers to go online whenever they choose, which, for some adults, is always.
The Pew Research Center, a public opinion research company, reports that one-in-three consumers say they are online constantly. A 50% increase from 2015. In total, 85% of consumers say they connect at least one time every day.
So, how are Boston consumers spending all this time connected to the internet?
According to Nielsen, streaming audio and video content, social networking, checking the weather, and banking are the top online activities for Boston consumers each month.
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Topics
best way to advertise,
small business owner,
small business marketing,
online advertising,
social media advertising,
small business,
small business advertising,
streaming audio,
ott,
ctv,
streaming video,
SVOD,
AVOD,
online shopping
Retail spending in the Boston area is expected to reach $72 billion this year, a 13.5% increase versus 2020. These estimates are based on a revised forecast from the National Retail Federation (NRF).
Since 1921, when WBZ-AM signed on as the first station in Boston, local business owners have depended on radio advertising to help market their goods and services to New England consumers. But has the Coronavirus pandemic altered the medium's ability to deliver customers to ring up sales for local retailers?
Two critical marketing metrics indicate that advertising on Boston radio remains the best way for a small business to advertise.
The first measurement is reach. This is the number of different consumers who are exposed to an advertising campaign.
The second measure is return-on-investment (ROI). This is the amount of sales a business can expect for every one dollar invested in advertising.
Based on these metrics, here is how advertising on Boston radio measures up to other options available to local small business owners.
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Topics
retail,
reach,
radio advertising,
advertising reach,
roi,
small business owner,
small business marketing,
small business,
small business advertising,
return on investment,
reach & frequency,
retail sales,
retailer,
retail store,
retail spending
Broadcast television came to Boston in 1948 when WBZ-TV signed on for the first time. In those days, only about 0.5% of local households actually owned a set, a number that would grow 100-fold by the mid-1950s.
At first, Boston consumers needed rabbit-ears or outdoor antennas to receive signals from a small handful of local stations, including WCVB and WHDH. The quality of reception varied day-to-day.
By the early 1960s, however, local cable systems began to bring higher-quality, reliable reception to households throughout the Boston area. The number of programming options, though, remained limited to affiliates of ABC, NBC, and CBS.
In 1972, viewing options began to expand as local cable began offering Boston area consumers the opportunity to purchase premium services, including HBO, Showtime, and Cinemax. Five years later came an explosion of non-premium cable channels such as TBS and CNN.
In the early 1990s, Boston viewers could not only receive their television programming over-the-air or by cable, but options expanded to include satellite delivery by DishTV and DirectTV.
The next TV innovation came in 2007 as Boston consumers started turning to the internet to watch streaming channels like Netflix and Hulu. These new services allowed viewers to watch TV on their phones, computers, and tablets as well as their living room LCD and Plasma screens.
Today, all of this video technology offers viewers the ultimate flexibility to choose how, when, and where to watch TV. So, what are they watching?
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Topics
television advertising,
television,
Cable TV,
ott,
ctv,
streaming video,
SVOD,
AVOD,
local television