If you were one of the 3.5 million adults who tuned-in to a Boston radio station last week, then no doubt you heard multiple commercials that included phrases like 'troubling times', 'uncertain times', 'unprecedented times', 'new normal', and 'we're in this together'.
In March, as the pandemic began to disrupt consumers' lives, using these phrases was a powerful way for New England small business owners to acknowledge the severity of the crisis and to exhibit empathy. But 120 days later, these words have become cliche and have lost potency.
A cliche, says the Oxford Dictionary, is "a phrase or opinion that is overused and betrays a lack of original thought."
According to the Writing Center at The University of North Carolina, the dependence on cliches could create a harmful perception of a business that uses them. For instance, these overused phrases can make an advertiser's message seem boring. They can be perceived as vague. They can be interpreted to be a sign of laziness. They can also result in a lack of credibility.
The words a Boston small business chooses for its advertising will have the most significant effect on sales. That's why eliminating cliches is critical.
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radio advertising,
small business owner,
small business marketing,
small business,
effective advertising,
advertise on radio,
small business advertising,
commercial length,
radio commercials,
creative,
scripts
This year, according to Nielsen, 3.2 million Boston area consumers will spend $2.2 billion on eco-friendly goods and services. Sales for sustainable products have grown 20% since 2014, a trend expected to continue into 2021.
Tensie Whelan and Randi Kronthal-Sacco of the New York University Stern Center for Sustainable Business write in the Harvard Business Review, "Consumers are voting with their dollars against unsustainable brands. The legacy companies that will thrive are those that accept this shift and are willing to pivot.”
For Boston small business owners who are skeptical that sustainability affects purchase decisions, retail analyst Stacey Widlitz provided this advice, recently, in Forbes.
"Retailers only need to look to IBM's recent study, in association with the National Retail Federation, to understand just how fast consumer priorities are changing," says Ms. Widlitz. "Findings from the study revealed nearly 60% of consumers surveyed are willing to change their shopping habits to reduce environmental impact. For the nearly 80% of respondents who said sustainability is important to them over 70% would pay a premium of 35% on average."
To compete for a share of consumers' spending on green goods and services requires local small business owners to advertise.
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retail,
radio advertising,
small business owner,
small business marketing,
millennials,
small business,
advertise on radio,
small business advertising,
retail sales,
retailer,
retail store,
sustainable,
green products,
eco-friendly
Before the onset of COVID-19, more than 700,000 Boston area households were planning to spend $1.5 billion on furniture, according to Nielsen. Unfortunately, many of those plans were put on pause as consumers sheltered in place to help slow the spread of the virus.
A recent study by Elevate | SmithGeiger suggests that the fortunes of home furnishing retailers, however, are about to improve.
According to the study, 32% of consumers who had been planning to buy furniture will do so within three months of the pandemic easing. Fifty percent will do so within six months. The numbers for mattress shoppers are even stronger.
To capture a significant share of the post-pandemic sales of furniture and mattress will require retailers to advertise. The most effective way to reach the customers who are ready to buy is on Boston radio.
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retail,
best way to advertise,
reach,
radio advertising,
small business owner,
small business marketing,
small business,
advertise on radio,
small business advertising,
furniture,
mattresses,
retail sales,
retailer,
retail store
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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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
Every week, 3,543,709 adult consumers tune-in to a Boston radio station. That is way more than are reached by other media, including local television, newspaper, social media, or streaming audio sites like Pandora and Spotify.
A more significant number for thousands of New England small business owners who advertise on Boston radio is how many of these listeners stick around when their commercials come on.
A 2011 Nielsen study discovered that, on average, 93% of listeners stayed with the radio station they are tuned-to when the commercials come on. That number amazed many advertisers at the time who believed that audiences were far more likely to defect when the music stopped.
A lot has changed since 2011. Boston area consumers have many more media options and can instantly connect to each with a button-push, mouse-click, screen-tap, or voice command. With all of these choices, do radio audiences still stay tuned during commercial breaks?
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best way to advertise,
newspaper advertising,
radio advertising,
social media advertising,
television advertising,
small business,
instagram advertising,
pandora,
spotify,
small business advertising,
streaming audio,
facebook,
button pushing
The chaos created in New England by the onset of Coronavirus has been a disruptive force among consumers.
Work routines, buying habits, family life, and media consumption have all been palpably affected. These are all factors that need to be considered by small business owners who continue to advertise their goods and services during the crisis.
Before the current chaos, advertising on Boston radio, by any metric, was the best way a local small business could advertise.
For instance, pre-Coronavirus, 3.5 million adult consumers tuned-in to a Boston radio station every week. This is significantly more than watched local TV, read a newspaper, accessed social media, or streamed audio from sites like Pandora and Spotify.
New research released from Nielsen indicates that amidst the current crisis, listening to local radio remains little changed. This is great news for those Boston area small business owners who are depending on advertising for their long-term survival.
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newspaper advertising,
radio advertising,
small business owner,
small business marketing,
online advertising,
social media advertising,
television advertising,
small business,
digital advertising,
small business advertising,
streaming audio,
corona,
covid 19,
coronavirus,
crisis marketing
There are 2.3 million consumers in the Boston area who own their own homes.
According to Zillow, more than 60% of homeowners carry a mortgage. A record number of owners are considering refinancing now, which means millions of dollars in fees for local lenders and brokers are up for grabs.
Why the sudden urgency for New England homeowners to refinance their mortgages?
According to The Federal Home Loan Mortgage Corporation (aka, Freddie Mac), "The average 30-year fixed-rate mortgage hit a record 3.29% this week, the lowest level in its nearly 50-year history."
"Meanwhile, mortgage applications increased 10 percent last week from one year ago and show no signs of slowing down. Given these strong indicators in rates and sales, as well as recent increases in new construction, it’s clear the housing market continues to be a positive force for the broader economy."
If a consumer Googles 'refinance my mortgage in Boston', more than 6.5 million results come back, So, to set themselves apart, lenders and brokers will need to advertise. By any key metric, advertising on local radio is the best way to reach area homeowners.
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best way to advertise,
radio advertising,
consumer spending,
small business owner,
small business,
financial professionals,
small business advertising,
real estate,
mortgage,
mortgage rates,
refinance,
financial services,
home owners,
home values
Boston area consumers spent more than $100.9 billion with retailers last year. The National Retail Federation forecasts 4.1% more will be spent this year.
Who are the shoppers that will be spending all this money?
According to Nielsen, 51.7% of retail dollars are spent by Boston area consumers over the age of 50. This may surprise many small business owners because older consumers comprise only 41% of the area's adult population.
These older consumers account for the majority of spending in almost every retail category. This includes furniture, cars, pet supplies, fast food, and electronics.
To earn a share of these massive dollars spent by these older consumers requires Boston small business owners to advertise.
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store traffic,
retail,
best way to advertise,
newspaper advertising,
radio advertising,
consumer spending,
small business owner,
social media advertising,
television advertising,
small business advertising,
retail sales,
retailer,
retail store,
baby boomers
It's a fact. Unless a consumer remembers your business when it comes time to buy, then it is likely they will purchase from someone else. Staying top of mind, therefore, is critical for every Boston area small business owner who wants to grab a share of the area's $100.9-billion retail market.
Advertising on Boston radio provides New England business owners with the most affordable way to move to the top of customers' minds. But, before discussing how to get remembered, we must understand why consumers forget.
Every second, all of us are exposed to 11,000,000 pieces of data. A consumer's brain, however, is only capable of dealing with about 50 pieces of this data at a time. So, if my calculus is correct, a consumer forgets approximately 10,999,950 things every second.
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Topics
best way to advertise,
radio advertising,
small business marketing,
top of mind awareness,
small business advertising,
frequency,
memory curve
Advertising is critical to the success of every New England small business owner. One of the most powerful elements of any advertising campaign is how many people it reaches.
Nielsen, the world's largest consumer insights company, found that advertising reach has a more significant effect on sales than branding, recency, and context.
There are many ways a local business owner can advertise. This includes traditional media like Boston radio, local TV, and newspaper. It also includes online advertising options such as Facebook, Instagram, and Pandora.
They type of customer an individual business needs to reach depends on the goods and services the company sells. For instance, a daycare operator might want to reach households with young children. On the other hand, a real estate agent could be looking for consumers in the market to purchase a new home.
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Topics
best way to advertise,
newspaper advertising,
reach,
radio advertising,
advertising reach,
consumer spending,
small business owner,
small business marketing,
online advertising,
social media advertising,
television advertising,
digital advertising,
small business advertising