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Larry Julius


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Television Advertising In Las Vegas: What Are Consumers Watching?

May 11, 2022 2:28:09 PM / by Larry Julius

Every week, 1.7 million Las Vegas consumers watch something on TV.

Not too many years ago, when a Las Vegas consumer sat down to watch TV, the program options were limited to what was on KSNV, KVUU, KLAS, KTNV, KLVX, or, maybe, what was on a handful of cable channels.  That was then. This is now.

Today, according to Nielsen, each time a TV is turned on in a Las Vegas living room, the viewer has more than 817,000 options not only from broadcast stations and cable systems, but also from streaming video platforms like Netflix, Hulu, Disney+, Peacock, YouTube, Amazon, Tubi, Crackle, and FreeVee.

Of course, Las Vegas consumers don't even need to sit down in front of their big-screen LCD, anymore. Most of the 817,000 available programs can also be viewed on their computers, tablets, gaming devices, and smartphones. But as far as viewers are concerned, though, it's all just television.

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Topics television advertising, las vegas tv advertising, advertise on las vegas TV, television, pay-TV, cox cable, cable TV, direcTV, satellite TV, Streaming Video, CTV, svod, avod, streaming media, streaming TV, local television

Las Vegas Radio Listeners Lead The Return To 'Normal'

Apr 28, 2022 11:46:43 AM / by Larry Julius

Each week according to Nielsen, 1.5 million consumers tune in to a Las Vegas radio station. This is significantly more adults than watch local TV stations, cable, or streaming video. It is more than browse social media. It is more than listen to streaming audio services or podcasts. It is more than read local newspapers.

There are two traits Las Vegas radio listeners have in common. First, they are very loyal to their favorites, tuning-in to, on average, only 3.0 different stations each week.

Second, and of particular importance to Las Vegas small business owners, radio listeners are returning to 'normal' at a faster rate than the general population after more than two years of pandemic.

Since the onset of the COVID-19 crisis, Nielsen has been measuring consumer sentiment in regard to normal behaviors. In a survey conducted in March of this year, 83% of adults say they are "ready to go and feel life is becoming more normal". This is up dramatically from the same time last year.

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Topics small business advertising, small business owner, radio advertising, las vegas small business owner, best way to advertise in las vegas, retail, best way to advertise, consumer spending, small business, retail sales, retail stores, retailer, small business marketing, consumer confidence, retail spending

Mother's Day Spending In Las Vegas Will Top $220 Million In 2022

Apr 22, 2022 1:00:22 PM / by Larry Julius

Eighty-four percent of all adults say they will celebrate Mother's Day in 2022. Based on per capita forecasts from the National Retail Federation (NRF), Las Vegas consumers are expected to spend $220.5 million on the moms in their lives. This is a 13% increase over last year.

“Consumers are eager to find memorable ways to honor their mothers and other important women in their lives and are willing to spend a little extra on this sentimental holiday,” said NRF President and CEO Matthew Shay.

The NRF spending projections indicate that Las Vegas consumers will spend $48.5 million on jewelry and another $36.7 million on special outings such as dinner or brunch. This will be the highest level of Mother's Day spending ever in these categories.

Here is how this large pool of Mother's Day cash in Las Vegas is expected to be distributed by all retail categories.

The NRF research indicates that men will outspend women 3-to-1 this year on Mother's Day gifts. Most of these dollars will go towards presents for their moms, stepmoms, and wives.

Of all the money spent, Las Vegas consumers are expected to spend 36% online, 30% at department stores, 27% at specialty stores, and 23% at local small businesses.

To compete for a share of record-high Mother's Day spending this year, local business owners will need to advertise. By most key marketing metrics, the best way to reach holiday shoppers is by advertising on Las Vegas radio.

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Topics return on investment, roi, advertise to mothers, retail, holiday, holiday shopping, mother's day, retail sales, retail stores, retailer, holiday advertising, retail spending, advertising return on investment, advertising roi

Advertising ROI: Las Vegas Radio Best Choice For Retailers

Apr 14, 2022 1:45:18 PM / by Larry Julius

Las Vegas area consumers are expected to spend close to $35.4 billion at retail in 2022, based on per capita spending estimates from the National Retail Federation (NRF). This would be an eight percent increase versus 2021.

To capture significant shares of the increased retail spending, the 69,948 small business owners in the Las Vegas area would typically invest in advertising. Persistent and pernicious inflation pressures, however, are starting to gnaw away at marketing budgets.

According to the National Federation of Independent Business Owners (NFIB), businesses cite inflation as their number one problem. For many Las Vegas business owners, uncontrollable wholesale, transportation, and labor costs are forcing retailers to raise the prices they charge their customers. But, for many retail products, inflated retail prices can drive customers away. 

To limit consumer price increases and still make a profit, Las Vegas business owners, then, are forced to cut expenses, including advertising and marketing. This means it is now imperative that the limited investments retailers can make in advertising must deliver the strongest returns possible. 

According to a recent study by Nielsen, advertising on Las Vegas radio can provide the best return on investment (ROI) for local retailers.

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Topics reach, return on investment, roi, retail, reach and frequency, retail sales, retail stores, retailer, advertising reach, retail spending, advertising return on investment, advertising roi

Advertise In Las Vegas: Retail Spending To Top $34 Billion in 2022

Mar 22, 2022 9:07:15 AM / by Larry Julius

There are 69,948 small business owners in the Las Vegas area, according to the US Census Bureau. Each of these companies will need larger advertising budgets to successfully compete for a fair share of the expected explosion in consumer spending this year.

Based on new forecasts from The National Retail Federation (NRF), Las Vegas area consumers are expected to spend between $34.7 and $35.4 billion at retail in 2022, a six to eight percent growth over the previous year.

The NRF's forecasts exclude restaurants, gas stations, and automotive dealers. Included in the numbers, though, are non-store and online sales, which, in Las Vegas, could reach as high as $8.3 billion this year. This level of spending would be 13% more than in 2021.

Even though the rate of growth rate for 2022 is lower than the 14% jump in 2021, the NRF points out that this year's spending will be well ahead of the 10-year,  pre-pandemic growth rate of 3.7%

To participate in the expected surge in retail spending will require Las Vegas business owners to advertise. Especially if retailers want to hold their own against the continued growth of non-store and online competition.

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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, retail, reach and frequency, small business, retail sales, retail stores, retailer, small business marketing, advertising reach, retail spending, advertising return on investment

Advertise On Las Vegas Radio: AM/FM Still Top Choice In Cars

Mar 17, 2022 10:52:56 AM / by Larry Julius

There are about 1,400,000 registered passenger vehicles in the Las Vegas area. Some are cars. Some are trucks. Some are Hondas. Some are Fords. Some are Teslas. Some have four doors. Some have two. Some go fast. Some go slow. Some guzzle gas. Some sip. Some are red. Some are blue.

The one thing that almost every car and truck in the Las Vegas area have in common, though, is the AM/FM radio smack-dab in the middle of the dashboard.

The first car radio went on sale in 1930. It was an invention of the Galvin Manufacturing Company. The company named the radio 'Motorola,' and its cost was $130, around $2000 in today's dollars. By 1935, more than three million car radios had been installed.

Today, AM/FM radio is part of every car and truck on Las Vegas area roads. In addition to the radio, many of these vehicles also provide drivers with other audio options, including a CD player, Sirius/XM, Pandora, Spotify, podcasts, and easy access to personal MP3 collections.

It is fair, then, for small business owners who depend on Las Vegas radio to advertise their goods and services to ask: with all the audio options on today's dashboards, is anyone listening to local AM/FM radio in the car anymore?

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Topics automotive, radio advertising, pandora, spotify, in-car listening, sirius/xm, best way to advertise, streaming audio, in-car audio, podcasts, radio listening, share of ear, podcasting, car radio

Best Way To Fill Construction Job Openings In Las Vegas

Mar 2, 2022 3:34:17 PM / by Larry Julius

Construction companies in the Las Vegas area will need to recruit 4,522 blue-collar workers on top of the normal pace of hiring in 2022 to meet the demands of the current building market. These statistics are based on forecasts from Associated Builders and Contractors, Inc. (ABC), an association comprised primarily of U.S. firms that work in industrial and commercial construction sectors.

"The construction industry desperately needs qualified, skilled craft professionals to build America," said Michael Bellaman, ABC president and CEO. "The Infrastructure Investment and Jobs Act passed in November and stimulus from COVID-19 relief will pump billions in new spending into our nation's most critical infrastructure, and qualified craft professionals are essential to efficiently modernize roads, bridges, energy production, and other projects across the country. More regulations and less worker freedom make it harder to fill these jobs."

The construction industry's appetite for new hires in the Las Vegas area will continue into 2023, according to ABC. It is expected that during that year,  an additional 4,105 blue-collar workers in addition to the normal pace of hiring.

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Topics radio advertising, best way to advertise in las vegas, recruitment advertising, blue collar workers, best way to advertise, employment advertising, online job posting, help wanted advertising, active job seekers, monster.com, zip recruiter, passive job seekers, indeed, construction, radio recruitment, hire qualified candidates

Advertising In Las Vegas: Don't Say 'March Madness'

Feb 21, 2022 3:56:03 PM / by Larry Julius

Right now, at least one of the 73,451 businesses located in the Las Vegas area is thinking about using the phrase 'March Madness' as part of upcoming advertising and marketing plans. Why not? It's a great use of alliteration. It's a familiar term. And, it's that time of year.

A furniture store in Henderson might think it would be clever to use 'March Madness' in its commercials on Las Vegas radio to promote a big spring sale. A non-profit in Summerlin feels it would be a good way to describe its charity fun run on social media and online advertising. A sports bar in Paradise believes it would be a no-brainer to use the term in streaming video and audio ads to bring in scores of basketball fans.

It is, indeed,  tempting for a Las Vegas small business owner to use this term for advertising or marketing purposes. But,  to avoid a costly legal battle, the use of this trademarked phrase should be a non-starter. Here's why.

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Topics television advertising, radio advertising, effective radio advertising, online advertising, internet advertising, digital advertising, social media advertising, streaming audio, Streaming Video, OTT, CTV, streaming media, streaming TV, sem, search engine marketing, display advertising, intellectual property, trademark, copyright

How Much Time Do Las Vegas Consumers Spend Watching Streaming TV?

Feb 17, 2022 9:43:39 AM / by Larry Julius

Every week, 1.2 million Las Vegas adults watch video programs delivered via the internet. This content goes by several interchangeable names, including OTT (Over-The-Top Television), CTV (Connected TV), and Streaming Video. For this article, we will refer to this type of content as Streaming TV.

Unlike traditional TV, cable, and satellite where the viewer needs to be in a fixed location, Las Vegas consumers can access streaming TV anywhere using an internet-connected device. These include SmartTVs, Firesticks, Roku, smartphones, computers, laptops, tablets, and gaming consoles.

In all, according to Nielsen, 96.8% of Las Vegas households have one or more devices capable of connecting to streaming TV. Although this medium is still new, streaming TV now rivals legacy media in its ability to reach local consumers.

Every week, Las Vegas consumers are spending more-and-more time engaged with streaming TV.

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Topics online advertising, internet advertising, digital advertising, cable TV, Streaming Video, OTT, CTV, svod, avod, streaming media, advertising options, streaming TV

Best Way To Reach Likely Voters in 2022: Advertise On Las Vegas Radio

Feb 11, 2022 5:57:15 PM / by Larry Julius

No matter which Las Vegas television station or cable channel adults tune to in 2022, they can expect to be assaulted by a deluge of political advertising. Often entire commercial breaks are stuffed with back-to-back pleas and promises to secure viewers' votes.

But is advertising on KSNV, KVUU, KLAS, KTNV, or KLVX the most effective way to reach likely voters in the Las Vegas area? Or is advertising on cable channels provided by COX, DISH, and DirecTV. the way to go?

The answer is neither. According to research from Nielsen, the best way to reach local adults who are most likely to vote is by advertising on Las Vegas radio.

Every week, 890,000 likely voters will listen to Las Vegas radio stations. This is significantly more than watch local TV, cable, and streaming video. More that use social media and streaming audio. More than will read newspapers.

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Topics television advertising, radio advertising, political advertising, likely voters, best way to advertise, cox cable, cable TV, voters, registered voters, political rates, political rate card, local television, republican voters, democratic voters, independent voters

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