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Boston Radio Listeners Lead The Return To 'Normal'

Apr 28, 2022 9:36:44 AM / by Larry Julius

Each week according to Nielsen, 3.3 million consumers tune in to a Boston radio station. This is significantly more adults than watch local TV stations, cable, or streaming video. It is more than browse social media. It is more than listen to streaming audio services or podcasts. It is more than read local newspapers.

There are two traits Boston radio listeners have in common. First, they are very loyal to their favorites, tuning-in to, on average, only 2.7 different stations each week.

Second, and of particular importance to Boston small business owners, radio listeners are returning to 'normal' at a faster rate than the general population after more than two years of pandemic.

Since the onset of the COVID-19 crisis, Nielsen has been measuring consumer sentiment in regard to normal behaviors. In a survey conducted in March of this year, 83% of adults say they are "ready to go and feel life is becoming more normal". This is up dramatically from the same time last year.

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Topics retail, best way to advertise, radio advertising, consumer spending, small business owner, small business marketing, small business, small business advertising, retail sales, retailer, retail store, consumer confidence, retail spending

Advertising In Boston: Still Time To Ring Up Holiday Sales

Dec 1, 2020 1:00:00 PM / by Larry Julius

There is cheerful news for small business owners from Quincy to Newburyport and every city and town in between.

Based on the latest projections from the National Retail Federation, holiday sales are expected to grow 3.6%-5.2% over 2019.  This means despite the economic ravages of the pandemic, Boston area shoppers will be spending between $11.9 and $12.2 billion on gifts and other trappings of the season.

The NRF forecast is based on an economic model that takes into consideration a variety of indicators including employment, wages, consumer confidence, disposable income, consumer credit, previous retail sales and weather. NRF defines the holiday season as November 1 through December 31. Numbers forecast by NRF may differ from other organizations that define the holiday season as a longer period or include retail sectors not included by NRF, such as automobile dealers, gasoline stations and restaurants.

"Consumers have shown they are excited about the holidays and are willing to spend on gifts that lift the spirits of family and friends after such a challenging year," says NRF President and CEO Matthew Shay. "We expect a strong finish to the holiday season." 

“Given the pandemic, there is uncertainty about consumers’ willingness to spend, but with the economy improving most have the ability to spend,” NRF Chief Economist Jack Kleinhenz said. “Consumers have experienced a difficult year but will likely spend more than anyone would have expected just a few months ago."

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Topics retail, radio advertising, roi, consumer spending, small business owner, small business marketing, holiday shopping, television advertising, small business, small business advertising, return on investment, retail sales, retailer, retail store, holiday advertising, christmas, consumer confidence

Small Business Advertising In Boston: Consumers Ready To Spend

Nov 13, 2020 6:34:09 AM / by Larry Julius

There is positive news for the 205,000 small businesses in the Boston-Cambridge-Newton, MA-NH Metro area.  A majority of consumers say they are ready to start shopping again.

A lifestyle survey just released from Nielsen indicates 53% of Americans believe that despite the continuing pandemic, life is beginning to normalize, and they are likely to resume typical activities.  Nielsen refers to this majority as "Ready-To-Go".

According to the survey, Ready-To-Go consumers now perceive less risk, feel safer, and believe their cities are emerging from crisis.

The key takeaway for Boston small business owners is that Ready-To-Go consumers are significantly more likely to start shopping within 30 days than the total population.  These buyers, according to Nielsen, are looking to spend on home improvement, professional services, auto parts/repair, shopping, food & dining, and travel.

To capture a meaningful share of the money Ready-To-Go consumers will be spending requires local small business owners to advertise.  By almost every metric, advertising on Boston radio is the best advertising option.

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Topics retail, radio advertising, roi, consumer spending, small business owner, small business marketing, small business, advertise on radio, small business advertising, return on investment, retail sales, retailer, retail store, consumer confidence

Boston Retail Sales Are Growing. Is It Time To Advertise?

Oct 19, 2020 2:54:49 PM / by Larry Julius

Now would be a good time for Boston small business owners to consider increasing their advertising expenditures.

There are just over 205,000 small businesses in the Boston-Cambridge-Newton, MA-NH metro area, according to the U.S. Census Bureau.  Based on promising retail sales data, the Overall Sentiment Index among local small business owners has improved 33.3% between April 26 and October 12 of this year.

The best news for business owners came from the Commerce Department on Friday when it reported that retail sales rose by a seasonally adjusted 1.9% in September.  This is the fifth straight month of gains.

Local retail gains are being powered by improving consumer confidence and a large pool of cash sitting in people's savings accounts.

The Conference Board's Consumer Confidence Index jumped to 101.8 in September, up 17.9% from August. This means consumers are in a better mood to spend. Fortunately, they have money in the bank to do so.

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Topics retail, roi, consumer spending, small business owner, small business marketing, millennials, small business, small business advertising, return on investment, retail sales, retailer, retail store, millennial parents, consumer confidence

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