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How Much Time Do Las Vegas Consumers Spend Online?

Jun 4, 2021 4:31:39 PM / by Larry Julius

According to Nielsen, 1.7 million adults in the Las Vegas area have access to the internet, equivalent to 97.2% of the population. On average, local consumers are spending 10.8 hours per week online.

Las Vegas millennials, the first generation that grew up in a digital world, spend considerably more time online. Nielsen reports that, on average, Las Vegas's 25-39-year-old consumers are clocking 13.6 hours connected to the internet.

So, how are Las Vegas consumers spending their time online?

According to Nielsen, streaming audio and video content, social networking, checking the weather, and banking are the top online activities for Las Vegas consumers each month.

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Topics best way to advertise in las vegas, online advertising, internet advertising, digital advertising, social media advertising, best way to advertise, streaming audio, social media, Streaming Video, OTT, CTV, online shopping

Why Las Vegas Kitchen & Bath Remodelers Need To Advertise Now

May 19, 2021 11:16:28 AM / by Larry Julius

In 2021, according to Nielsen, 109,023 Las Vegas area homeowners are expected to spend $1.1 billion on kitchen and bathroom remodeling. This would be an increase of 16.8% increase over last year. Sales estimates are based on data from The National Kitchen & Bath Association (NKBA).

Because of the ongoing pandemic, 986,000 homeowners from Pahrump to Henderson are in the process of reassessing their living spaces.

According to the NKBA, homeowners cite the kitchen and bath areas as two times more important than other spaces within the home, and the kitchen particularly gained status throughout the COVID-19 pandemic, with 70% of homeowners considering it extremely important compared to 64% before the crisis.

“After such a strong year for home remodeling in 2020, some wondered if we were approaching a home improvement spending ‘cliff.’ We’re pleased to say that’s not what the kitchen and bath market is expecting in 2021,” said Bill Darcy, NKBA CEO.

“Last year, homeowners started the work of improving their living spaces with DIY projects. And this year, with early distribution of the vaccine and other measures to reduce the public health impact of the virus, we expect to see continued renovations and more projects requiring our members.”

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Topics radio advertising, best way to advertise in las vegas, best way to advertise, consumer spending, home improvement, home remodeling, home values, homeowners, contractors, construction

Advertising In Las Vegas: What's The Best Way To Reach Pet Owners?

May 12, 2021 4:26:15 PM / by Larry Julius

A surge in pet adoptions and sales during the pandemic has increased the number of pet owners in the Las Vegas area to 886,514, according to Nielsen.

As a result, the amount of money that will be spent in the Las Vegas area during 2021 on domestic dogs, cats, birds, ferrets, and other cuddly creatures will achieve a record-high $762 million. These figures are based on recent forecasts from The American Pet Products Association (APPA),

“We have reached a critical milestone in 2020, generating $103.6 billion in sales [in the U.S.],” said Steve King, President, and CEO of APPA. “We are bullish for the coming year, projecting growth of 5.8% - well above the historical average of 3 to 4%."

Las Vegas pet owners will be spending in four ways:

  1. Food & Treats which includes everything from canned and bagged food to biscuits and chewies.
  2. Veterinary Care and Product Sales which includes routine veterinary care, surgical procedures, and sales of pharmaceuticals and other products through veterinary clinics
  3. Supplies, Live Animals, and Over-The-Counter Medications which, in addition to dogs and cats. includes fish, birds, small animals, and reptiles. This also includes cages, food and water bowls, as well as leashes and collars.  OTC includes medications for allergy relief, gastric distress, and oral hygiene.
  4. Other includes services such as boarding, grooming, and pet sitting.

To capture a significant share of the local pet economy, local business owners who provide these four types of goods and services will need to advertise.  By almost any marketing metric, the best way to reach pet owners is by advertising on Las Vegas radio.

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Topics reach, return on investment, roi, radio advertising, millennials, effective radio advertising, retail, best way to advertise, pet marketing, reach and frequency, retail sales, retail stores, retailer, advertising reach, retail spending, dog owers, pet owners, cat owners

Help Wanted: The Best Way To Recruit Qualified Workers In Las Vegas

May 6, 2021 3:17:50 PM / by Larry Julius

The number of job openings in the Las Vegas area has exceeded pre-pandemic levels, according to the Bureau of Labor Statistics.  Businesses of all sizes are adding employees in a big way, according to the ADP Research Institute, but still, large numbers of positions remain unfilled.

With the Nevada unemployment rate still at 8.1%, Las Vegas business owners wonder why they are having difficulty attracting applicants for open positions.

According to a recent article posted in The Economist, there are two major reasons why many sidelined workers aren't anxious to come to work. The first is fear.

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Topics radio advertising, recruitment advertising, blue collar workers, white collar workers, social media advertising, employment advertising, social media, online job posting, active job seekers, monster.com, zip recruiter, linkedin, passive job seekers, indeed

Wow!! Las Vegas Millennials Turn 40 This Year

Apr 29, 2021 3:33:44 PM / by Larry Julius

There are 483,823 millennials in the Las Vegas area.  The oldest of them turn 40 this year. According to The Pew Research Center, millennials comprise the generation of Americans born between 1981 and 1996.

As a consumer group, millennials account for an outsized percentage of retail spending. This generation represents 27.4% of the Las Vegas area population but almost one-third of metro-area sales. 

All in, Las Vegas millennials are expected to ring up more than $15.7 billion in purchases during 2021.  You name it, millennials are planning to buy it.

According to Nielsen, over the next 12 months, Las Vegas millennials will show up in huge numbers at auto dealerships, furniture stores, mattress stores, appliance stores, home improvement stores, and scores of other area retailers and service providers.

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Topics reach, return on investment, roi, small business advertising, small business owner, millennials, las vegas small business owner, best way to advertise in las vegas, retail, best way to advertise, reach and frequency, small business, millennial parents, retail sales, retail stores, retailer, small business marketing, advertising reach, retail spending

Who Listens To Las Vegas Radio?

Apr 22, 2021 6:35:02 PM / by Larry Julius

Every week, according to Nielsen, 88% of adult consumers tune in to a Las Vegas radio station. This is significantly more people than watch broadcast TV, local cable, or video streaming services. It's more than use social media sites like Facebook or Instagram.  And, it's more than read local newspapers.

Las Vegas radio is also the medium with the greatest reach among millennials, a generation that not only has embraced an abundance of online media options but also accounts for nearly a third of all local consumer spending.

This reach advantage is a crucial reason why local small business owners depend on Las Vegas radio to market their goods and services.

A study released this week by Edison Research and NPR discovered that their six distinct types of radio listeners. The study also examines how each group of listeners engages with both programming and advertising.  These distinctions are important for Las Vegas small business owners to understand.

The six listener categories as described in the study are:

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Topics reach, small business advertising, small business owner, las vegas small business owner, best way to advertise in las vegas, effective radio advertising, radio commercials, best way to advertise, reach and frequency, small business, small business marketing, effective advertising, advertising reach, radio listening, share of ear, radio listeners

How Much Do Las Vegas Business Owners Spend on Advertising?

Apr 16, 2021 11:36:58 AM / by Larry Julius

Now is a crucial time for Las Vegas small business owners to advertise.  

According to the Conference Board, consumer confidence has surged to 110, the highest it has been since the onset of the pandemic last March.  The index has bounced back from a low of 89.6 in February. 

Moving forward, Nevada business owners can expect buyer optimism to remind high.

“The recovery in consumer confidence is set to continue in the coming months, buoyed by the combination of improving health conditions and wider vaccine distribution,” said Lydia Boussour, lead U.S. economist at Oxford Economics. “This should support hearty consumer spending and pave the way for a mini-boom in economic activity this spring and summer.”

As Las Vegas consumers gain confidence, they are expected to unleash the record $9.1-billion in personal savings amassed during the pandemic. This number is based on figures reported by Barron's in November. 

This combination of consumer confidence and the cache of cash-on-hand has led the National Retail Federation (NRF) to forecast a 7% increase in retail spending in 2021 versus last year.

To claim a significant share of the expected spending tsunami, Las Vegas business owners plan to boost advertising investments this year.

According to Borrell Associates, a company that tracks advertising trends across the country, Las Vegas business owners are expected to spend $995 million to advertise the goods and services they sell. This represents an 8.7% increase versus last year.

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Topics reach, return on investment, roi, small business advertising, small business owner, radio advertising, las vegas small business owner, effective radio advertising, best way to advertise, reach and frequency, advertising on a budget, small business, small business marketing, advertising reach, ad spending

Why Audio Advertising In Las Vegas Drives Purchase Decisions

Apr 8, 2021 1:39:20 PM / by Larry Julius

Las Vegas consumers are expected to spend nearly 7% more at retail in 2021 than in 2020. This forecast is based on recently released data from the National Retail Federation.

To lay claim to a significant share of growing consumer spending, Nevada retailers will need to advertise.

“Think you have a great product?” asks the US Small Administration. “Unfortunately, no one’s going to know about it unless you advertise.”   

“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."

Scientifically speaking, the fastest way a marketing message can reach the areas of a Las Vegas consumer's brain responsible for purchase decisions is through the ear.  That's why audio advertising can be far more potent than visual messaging.

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Topics small business advertising, small business owner, pandora, spotify, las vegas small business owner, best way to advertise in las vegas, retail, sirius/xm, best way to advertise, small business, streaming audio, retail sales, retail stores, retailer, small business marketing, podcasts, retail spending

Consumers Stick With Las Vegas Radio Despite Pandemic

Mar 30, 2021 3:21:25 PM / by Larry Julius

In 1930, when KGIX-AM became the first radio station in Las Vegas, many considered the medium a fad.  Even in 1937, a hit song by George Gershwin, Our Love Is Here To Stay, considered radio to be a "passing fancy and in time may go".

Las Vegas radio, however, has survived the advent of talking-movies, television, eight tracks, and cassettes in stereo.  More recently, radio has withstood a tsunami of digital options including, YouTube, SiriusXM, Pandora, and Spotify.

As the Coronavirus pandemic rolls over into a second year, Las Vegas radio has hung tough and not ceded its ground despite listener's shifting lifestyles.  This is crucial news for local small business owners who depend on local stations to market their goods and services.

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Topics reach, return on investment, roi, best way to advertise in las vegas, in-car listening, best way to advertise, reach and frequency, corona, coronavirus, covid 19, in-car audio, pandemic, advertising reach, radio listening, work from home, listening on location, time spent listening, commuting

OTT & CTV: Who Watches Streaming Video In Las Vegas?

Mar 19, 2021 3:34:58 PM / by Larry Julius

Each week, according to Nielsen, 68.6% of Las Vegas consumers watch video programs that aren't delivered over-the-air by local TV stations.  They aren't coming from a local cable company or by satellite.  Instead, these programs are being streamed directly to viewers via an internet connection.

This type of streamed video content is called OTT (Over-The-Top-Television) or CTV (Connected-Television). These two terms are sometimes are often used interchangeably but do have a subtle difference.

OTT generally means the video is watched on a small device like a computer, tablet, or smartphone.  CTV, on the other hand, typically means the content is viewed on a smart-TV or a regular television using a streaming device like a Roku or Amazon stick.

In Las Vegas, OTT/CTV has exceeded the weekly reach of local newspapers and streaming audio services such as Pandora and Spotify. The medium is rapidly approaching the reach of local cable and broadcast TV stations.

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Topics small business advertising, small business owner, advertise in las vegas, las vegas small business owner, online advertising, internet advertising, digital advertising, best way to advertise, small business, small business marketing, Streaming Video, OTT, CTV, svod, avod

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