Radio Advertising in Boston (a re-post of a friends blog LiveandlocalGMB.com)

Despite the commonly held idea that radio is dead, radio advertising continues to be one of the best ways to engage and reach potential clients. A recent study by Nielsen Catalina Solutions (NCS) found that brick-and-mortar companies saw an average return of $6 per listener for each dollar spent on radio advertising within a 28-day period. With that potential ROI, it’s no wonder so many businesses in Boston continue to rely on the airwaves for their marketing campaigns.

As a small business owner, your Boston radio campaign should be strategized and thought through in order to truly engage listeners and bring in sales. By following these three steps, your business will be well on its way to developing a radio advertising strategy that works.

1. ESTABLISH YOUR OBJECTIVE

Every successful advertising campaign must first develop a clear set of goals and measurable outcomes. Before investing in radio advertising, define your objective. Is it to develop brand recognition, promote a product or service, or perhaps to drive foot traffic? If you are unsure of the outcome, listeners—that is, potential customers—most likely will be unsure, too. Because you have limited time to get out your radio message, a clearly defined objective will help you establish consistent branding, set your tone or theme, and put the right information in the spotlight.

2. KNOW YOUR AUDIENCE

Just as knowing your objective is important, so too is knowing your audience. By understanding your target consumer, you can strategize just where your advertisers should go. For example, If your brand appeals more to younger males, a rock radio station would be a better advertising fit than a pop station. If you serve older customers, a classic rock or a talk station may be a better fit for your brand. Luckily, radio stations’ advertising departments are all eager to work with you in deciding where your advertisement fits and will help you determine which approach works best for you. Use their research and resources to ensure that your advertisement will reach the targeted audience.

3. IDENTIFY THE BEST TIMING

Once you’ve identified your objective and target demographics, it’s time to target an appropriate time to hit the widest range of listeners possible. In radio advertising, times of day are split into chunks through a process called “dayparting.” These chunks can vary greatly in price; what works for you will be dependent on your objectives and your budget.

The early morning (6am-10am) and afternoon drive (3pm-7pm) times are the most popular and, thus, the most pricy on average. However, these times might not necessarily fit your demographic. For example, if you are trying to target stay-at-home mothers or retired individuals, midday and evening slots may work just as well for you. Likewise, later evening and overnight dayparting slots are usually the least effective for engagement, but they also often offer low costs and may be worth considering, depending on your aims. It’s also important to keep in mind that each station differs, so be sure to get the appropriate information for each one you consider.

4. BE CREATIVE

For businesses that are new to radio advertising, there is a tendency to want to pack as much information into an ad as possible to ensure every possible outcome is covered. However, this rarely leads to the desired result. Instead, focus on being creative and making your message as streamlined as possible. Remember, you want your listeners to be able to recall your message later. Because there is nothing tangible for listeners to see, radio advertising relies on a less-is-more call to action to stick in consumers’ heads.

Before you put out any radio advertisement, ensure that your targeted audience will want to hear it (or will pay attention when it comes on). Your message should be strong, clear, and united with your objective. An effective radio ad will always end with a call to action that prompts customers to stop in a store, go online, participate in a competition, or visit a social media page.

RADIO ADVERTISEMENTS FOR YOUR SMALL BUSINESS

Because you have only a minute or so to make your mark on radio listeners, it is imperative that you understand the basics of radio advertising in Boston. An effective and thoroughly researched marketing strategy will ensure that your airtime will get your audience’s attention, establish your brand, and put your business in the spotlight. Written by Mark Keaney

Generation X-Making decisions and spending

http://www.mediapost.com/publications/article/231519/gen-x-is-the-generation-that-affluent-marketers-ca.html

While Millennials continue to be a hot marketing topic, our latest column indicated that total spending power in aggregate is still with the Boomers when share of total net worth and share of total household income are considered by generation. This led a number of readers to question whether or not the Boomers have the highest spending power on average of all the generations we track. In that regard, we’re now addressing this specific question by focusing on the Gen Xers among upscale consumers and, again, among mass-market consumers to provide context. Gen Xers are the generation affluent marketers cannot afford to ignore based on their numbers, their average household income, and their average net worth.

Following are estimated indices for American adults by their generation for their average household incomes and average personal net worths. The Bureau of the Census is the source for average household incomes, and our ongoing survey for average personal net worths. The estimated number of adults in each generation, based on Census statistics, follows the generation’s name.

Average Household Average Personal

Generation (size) Income Index Net Worth Index

All Adults (236.9 million) 100 100

Millennials (67.9 million) 94 75

Gen-X (60.4 million) 118 113

Baby Boomers (74.9 million) 99 108

Seniors (33.7 million) 62 112

Notably, the 60 million Gen Xers, who now range in age from 34 to 48, are the second-largest generation, constituting 25% of all U.S. adults 18 or older, and are ranked #1 by far for their average household incomes (which many marketers use as one of their targeting metrics) and for their net worths by a very small margin compared with the Seniors.by , August 6, 2014

 

Getting Results for Local Advertisers

Headline: “the business environment has changed”. Shocker, right? uh NO! This is one of life’s constants, change will always occur. As we start to wind down 2013, I have observed some things this year,  that I will be giving thought to in 2014. One of the old marketing models was to have annual events, or appointment events. Gone are the days of the “one day sale”, with its pent up demand and huge returns.  Now, everyday is a “one day sale”, Filene’s and Macy’s took care of that for the mass retailers.  Car dealers, retailers and shopping malls would put a lot of energy and marketing dollars into a focused effort driving the audience towards a one day event.  In the past, this would be very successful both in terms of visual response to the marketing message and sales totals at the end.  For those of you that have lived in New England a long time you may remember the Alpine Ski sales in Rhode Island, people waited for the tent sale and they were rewarded with great prices. Somewhere along the way people got too much of a “good thing” and they became immune to it. 

I can only imagine that the thought process went something like this: ” wow so many people came out for our tent sale and we made so much money, let’s have another one at a different time of the year.” That fever of chasing what was unique and special starts to burn out the consumer.  They just cant buy “XXX” 10 times a year, they just don’t need that many or that much.

I think there is another force at work as well, the ” ill do it my way attitude” of consumers.  Online shopping, bidding for items and services and our learned A.D.D,  has created an attitude in consumers that they will do it when they are good and ready.  People are being bombarded with messaging all day long, from their coffee cup, to the radio, the billboards they pass and the scrolling ads on their phone when they access anything.  It is increasing difficult to create urgency, when every message is, ” only today”, “best prices ever” etc.   People have developed a pretty astute filter to sort, organize and delete messages. 

Long term, consistent AND creative messaging may be more important that ever.  While this is not new, I think many advertisers have gotten away from the tried and true, the proven and the one that requires patience. Clients want the “wow”, the “pop”, people lined up around the corner ( ala Apple I phone demand).  For most local advertisers that just isn’t realistic.  I had a meeting today with a great, local client.  It was our first year working together and we were recapping the year, talking about what he liked, what he needed for next year and how I can help him moving forward.  In that conversation, it became clear to me, that as much as we want to herd potential clients to his business, when we say so, we can only build the road, and illuminate it to show them the way.  They will act, buy and mingle when they are ready.

As a local marketing professional I need to find ways to help deliver the “wow” the “pop” and the “sizzle” to my clients in a more effective way.  To be honest there is no secret to this ( if I find one I’ll let you know) and it would be different for every client.  I think 2014 will be a year of more long term branding for clients, sprinkled with targeting ROI campaigns, and the quest for the new driver of “wow/pop/sizzle”.  I would welcome a sharing of ideas of what you believe the new “one say sale” is or what may be  the newest version of ” tent sale 3.0″. In the meantime I am going to continue to develop and recommend marketing plans that achieve my clients needs and goals. I will strive to provide them as much frequency and exposure through out the year, so their name is out there, WHEN the consumer is READY.