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Boston Small Business: Appliance Stores Prepare For Rebound

Jun 16, 2020 12:23:41 PM / by Larry Julius

During lockdown, Boston consumers have been postponing the purchase of major appliances.  Despite the pause in buying, however, local shoppers are still expected to spend $271 million this year on ovens, stoves, refrigerators, freezers, washing machines, dryers, and dishwashers.

Here's how appliance sales in the Boston area will breakdown by category:

  • Cooking: $73,400,000
  • Refrigerator/Freezer: $67,900,000
  • Laundry: $57,100,000
  • Other: $73,400,000

Based on traditional buying patterns, at least 60% of all major appliance sales will occur between now and December.

To capture a larger share of all this spending will require local appliance dealers to advertise.

“Think you have a great product?” asks the U.S. 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”. 

By almost any measure, advertising on Boston radio is the best choice for local appliance store owners.

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Topics retail, best way to advertise, radio advertising, roi, small business owner, small business, advertise on radio, return on investment, retail sales, retailer, retail store, appliance stores

Best Way A Boston Small Business Can Be Re-Introduced To Consumers

Jun 5, 2020 12:54:14 PM / by Larry Julius

Boston small business owners are learning that 're-opening' may not be an appropriate word for the challenges they face as the Coronavirus crisis winds down.  A better term might be 're-introducing'.

When the Governor of Massachusetts shuttered the state on March 24 to slow the spread of COVID-19, Boston area consumers have discovered new ways to buy the goods and services they need.  It's now the burden of local business owners to lure these customers back. The first step is re-introduction.

On September 15, 1921, WBZ-AM signed-on as the first radio station serving Boston and New England. Since then, local business owners have used radio advertising to introduce themselves successfully to new customers. Radio has also helped these businesses survive recessions, depressions, world wars, hurricanes, and blizzards. By any metric, advertising on Boston radio remains the most effective tactic a small business owner can use post-pandemic, as well.

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Topics best way to advertise, radio advertising, roi, small business, time of day, writing a commercial, advertise on radio, small business advertising, return on investment, dayparts, reopen, commercial length

What Happens When A Boston Small Business Stops Advertising?

May 27, 2020 7:27:31 AM / by Larry Julius

Boston small business owners may perceive the continuation of advertising as a luxury right now. This is especially so when compared to the necessity for covering the costs of utilities, inventory, payroll, and rent.

Before pulling the plug, though, business owners from Newburyport to Taunton must consider the consequences of 'going dark', a marketing term which means to stop advertising.

"According to our analysis, short-term decisions to go dark create significant risk for long-term revenue," says Ameneh Atai, Senior Vice President of Commercial Strategy at Nielsen. "This affects both incremental revenue and base sales."

"Our database of long-term effects models suggests that cutting ad spending for the rest of 2020 could lead up-to 11% revenue decrease in 2021," says Ms. Atai. "It could take three to five years of solid and consistent brand building to recover from an extended dark period of media."

"We have a ton of evidence in our historical analysis," adds Nielsen's Tsvetan Tsvetkov, Senior Vice President of Agency and Advertiser Solutions. "Companies that step away from advertising efforts for a period of time, whether it's a couple of quarters or a full year or longer lose the momentum they have built over time the minute they stop. To recover takes a long, long time."

To avoid the economic risks of going dark, local small business owners need to make sure every dollar spent on advertising produces solid returns.  By most marketing metrics, advertising on Boston radio could prove to be the best option.

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Topics retail, best way to advertise, reach, radio advertising, advertising reach, roi, small business owner, small business, return on investment, reach & frequency, retail sales, retailer, retail store

Coronavirus: Advertising In Boston For Small Business Survival

Mar 24, 2020 3:08:26 PM / by Larry Julius

New England small business owners are fighting the coronavirus battles on multiple fronts.  Their first objective is to keep their families and employees safe. Then, of course, there are the concerns of keeping their businesses healthy enough to survive current disruptions.

The business literature has an abundance of case studies showing how survival is often connected to a thoughtful communications and marketing strategy during challenging times.  

Business owners need to let Boston area consumers know if they are still open. If their hours have changed. Or if they are providing alternative shopping methods (e.g., delivery, curbside pick-up).

Most importantly, it is imperative consumers know that a business will still be there for them when the crisis is over.

For those owners who are depending on communication to preserve their business, the best option may be to advertise on Boston radio.

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Topics retail, best way to advertise, newspaper advertising, radio advertising, roi, small business owner, online advertising, social media advertising, television advertising, small business, facebook advertising, return on investment, retail sales, retail store, corona, covid 19, restaurants, coronavirus

R-O-I: How Boston Small Business Owners Turn Dimes Into Dollars

Jan 2, 2020 7:16:00 AM / by Larry Julius

Suppose a Boston small business owner woke up one morning and found a 100-year-old machine in the basement of their store. She soon discovered that every time a dime was put into the machine, one dollar came out.  Imagine, now, how profitable that business would become.

Good news: such a contraption exists,  and every business owner probably has one in their cars, in their stores, in their homes, even on their phones. It's called the radio.

Over the past few years, Nielsen has conducted more than 20 studies to determine what type of return-on-investment (ROI) a business owner  can expect from radio advertising.  Although the results varied by industry, the average company generated $100 in sales for every $10 invested. Turning dimes into dollars.

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Topics best way to advertise, radio advertising, roi, small business owner, small business, return on investment

Small Business Advertising: A New England Lumber Yard Builds Its Brand

Nov 21, 2019 7:44:00 AM / by Larry Julius

There are 4,800 new, single-family homes built in the greater Boston area each year, according to the National Association of Home Builders. Since 1934, National Lumber has been supplying local builders with the materials necessary to sustain that level of construction.

"We are now the largest independent lumber business in New England," says Steven Kaitz, who is the company's Co-CEO along with his sister Margie Kaitz Seligman.

"Advertising has been part of our continued growth over the past 25 plus years," says Mr. Kaitz. "Advertising on Boston radio is, by far, the largest part of what we do. It allows us to reach both builders and homeowners."

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Topics co-op advertising, best way to advertise, cooperative advertising, radio advertising, roi, advertise in boston, advertise in new england, lumber, branding, construction

What Is The Best Way To Advertise In Boston?

Nov 4, 2019 7:11:29 AM / by Larry Julius

If you don't have time to read this entire article, then I will tell you right now. The best way to advertise in New England is on Boston radio.

A vital function of advertising is to build mental availability, which nudges a consumer toward the purchase of a product or service. It also serves to provide public notice that a product or service exists and is available for purchase.

Consumers in the Boston area are expected to spend at least $100.9 billion at retail this year. To claim a greater share of this giant pool of cash requires local business owners of every size to advertise their goods and services. As Professor Jef Richards at Michigan State University points out, “Advertising is totally unnecessary…unless you want to make money."

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Topics boston radio, best way to advertise, radio advertising, advertising reach, roi

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