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
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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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
Boston area small business owners have depended on radio advertising to market their goods and services since the first New England radio station, WBZ, began broadcasting in 1921.
Today, thousand of local companies still invent in radio advertising. Partly, because it reaches 3,543,709 consumers every week, significantly more than any other medium. But, also because commercials on Boston radio are effective.
Meet five New England business area business owners are currently advertising on Boston radio to capture a larger share of the $100-billion local consumers spend every year.
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best way to advertise,
radio advertising,
small business owner,
small business marketing,
small business,
small business advertising
There's a reason many New England small business owners target their advertising towards consumers who have completed a four-year college degree. It's because, typically, university graduates earn $29,106 more per year than those with only a high school diploma, according to The Federal Reserve.
There are, according to Nielsen, 1.7 million college graduates living in the Boston area. In total, this population generates $129 billion in annual take-home pay.
To tap into a similar pool of spending power, a marketer would need to reach 2.8 million consumers who did not go beyond high school. The problem is, this is more than double the number than actually live in the Boston area.
The number of people reached by a campaign is, generally, what determines the cost of advertising. So, for a New England small business owner operating on a tight marketing budget, spending can be kept in check by targeting those consumers with the most money to spend. In this case, college graduates.
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best way to advertise,
consumer spending,
small business owner,
small business marketing,
online advertising,
small business,
effective advertising,
digital advertising,
college graduate
For many generations of marketers, advertising on Boston television was considered the "gold standard". For a New England small business owner who craved massive reach, TV used to be the medium that could deliver.
Over the past few years, however, viewers have been abandoning local TV stations in vast numbers. This has propelled Boston radio into being the most potent reach medium among local consumers.
Every week, 3,552,145 adult consumers tune-in to their favorite Boston radio stations. This is significantly more than the 3,226,135 reached by local television.
For the past 39 years, Boston radio has reached almost 90% of all consumers. But, look what has happened to TV's audience.
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Topics
best way to advertise,
radio advertising,
small business owner,
small business marketing,
television advertising,
small business
You've done the research. You now know that by every measure, radio advertising is the most effective way for your New England small business to market its goods and services.
You have learned, for instance, 3,543,709 adult consumers regularly tune-in to their favorite Boston radio stations. This is more than watch local TV, read a newspaper, sign-in to social media, or log-in to streaming audio services like Pandora and Spotify.
You've also learned that, on average, adults spend almost two hours per day listening to local radio.
If you dug deep enough, then you know radio advertising delivers, on average, a $10 lift in sales for every $1 invested. This is a remarkable return for any New England small business owner.
What you may not have figured out, however, is what is the best time of day to advertise on Boston radio?
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boston radio,
best way to advertise,
small business owner,
small business marketing,
small business,
demographics,
time of day
The first radio stations in New England went on-the-air in 1921. Eighty-four years later, Facebook inaugurated the social media era. Twitter, Instagram, YouTube, Snapchat, Pinterest, LinkedIn, and hundreds of other sites quickly followed.
As social media matured from a novelty to part of consumers' daily rituals, some Boston area small business owners began to experiment with advertising.
By every key advertising metric, though, Boston radio remains the best choice for a small business to market their goods and services. Here's why.
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Topics
best way to advertise,
radio advertising,
small business marketing,
social media advertising,
advertise in boston,
advertise in new england,
small business,
facebook advertising,
instagram advertising
Every week, according to Nielsen, 954,564 single, adult women tuned-in to a Boston radio station. This is 85.9% of every consumer who fits the description.
Why should a New England small business owners take note of this demographic? A study by investment bank Morgan Stanley finds 41% of working-age women are single. That number is expected to increase to 45% over the next ten years.
The study, called 'Growth of the SHEconomy', indicates that single women outspend the average household in many retail categories. Remarkably, says, Erica Sweeney of MarketingDive, "Women purchase more than half of products traditionally considered 'male' including autos, home improvement products, and consumer electronics."
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Topics
boston radio,
best way to advertise,
consumer spending,
small business owner,
small business marketing,
market to women,
advertise to women
New England shoppers are expected to spend $11 billion this holiday season. This will be approximately 4% higher than last year. These estimates are based on forecasts by the National Retail Federation and Deloitte.
To claim a fair share of the Christmas cash, local small business owners will need to battle some giant competitors. Advertising on Boston radio stations may be the perfect weapon to ensure success.
According to information published in the retail trade magazine Chain Store Age, as of right now, here is where consumers are planning to shop...
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Topics
boston radio,
retail,
best way to advertise,
consumer spending,
small business owner,
small business marketing,
walmart,
holiday shopping,
amazon,
best buy,
target stores