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Larry Julius


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Advertising In Las Vegas: Drivers Turn Up The Radio

Jan 20, 2021 4:32:12 PM / by Larry Julius

In 1920, the few Las Vegas residents who owned a homemade crystal radio set might be able to tune-in KHJ from Los Angeles, one of the first stations in the western U.S.

From that time, many predicted radio's success would succumb to advances from new technologies. In 1927, the challenge came from talking movies. In the 1940s, the predators were 13-inch TV sets. In the 1970s, it was 8-track and cassette tapes. In the past 20 years, there was a multi-flank attack from iPods, Zunes, YouTube, Sirius, XM, Pandora, Spotify,

So far, all of these challengers have failed. Not even a pandemic has been able to remove radio as a vital force in the life of Las Vegas consumers.

Every week, according to Nielsen, more adults tune-in to Las Vegas radio than watch TV or cable. Use social media platforms like Facebook or Instagram. Read newspapers. Or, stream music from Pandora or Spotify.

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Topics small business advertising, small business owner, las vegas small business owner, best way to advertise in las vegas, in-car listening, point of purchase, best way to advertise, small business, in-car audio, vehicle traffic, advertise on radio, small business marketing, radio listening, mobility

Is Advertising On Twitter Right For Las Vegas Small Business Owners?

Jan 12, 2021 1:27:25 PM / by Larry Julius

How important is Twitter to Clark County consumers? Yesterday, for instance, the social media platform was mentioned in at least ten articles published by the Las Vegas Review-Journal yesterday.  Almost every local TV newscast included references to the site as well.

Twitter's outsized presence in the news, however, is enormously disproportional to the importance of the micro-blogging app in the life of Las Vegas's consumers.

According to Nielsen, only about 13% of adults in Las Vegas use Twitter during the course of a month. This is minuscule compared to other social media platforms like Instagram and Facebook.

Twitter offers 20 different options that Las Vegas small business owners can utilize to market their goods and services to local consumers.  The platform's minimal reach, however, can hamper the success of any advertising campaign.

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Topics small business advertising, small business owner, radio advertising, las vegas small business owner, twitter, social media advertising, facebook, instagram, best way to advertise, facebook advertising, small business, social media, small business marketing

Small Business Advice: 5 Facts About Advertising On Las Vegas Radio

Dec 17, 2020 1:34:25 PM / by Larry Julius

Local radio did to come to Las Vegas until 1930, when local resident John Heaton was awarded a license for KGIX. 

Prior to the arrival of KGIX, radio listeners in Las Vegas were dependant mostly on distant broadcasts. These were primarily from Los Angeles based stations.

KGIX, unfortunately, lasted for only five years. The station was both underpowered and under-financed.

In 1939, a more successful radio station was licensed to Laure Belle and Maxwell Kelch of Las Vegas. The call letters KENO were chosen.

The inaugural broadcast of the station occurred in 1941 from studios located in the Meadows Nightclub on Boulder Highway. Shortly, thereafter the station moved to the El Rancho Vegas Hotel & Casino at 2500 Las Vegas Boulevard. It broadcast from that location until 1960.

For almost 100 years, small business owners have depended on local radio stations to successfully market their goods and services through depressions, recessions, wars, and natural disasters. Even now, during a pandemic, advertising on Las Vegas radio remains a dependable way to make cash registers ring.

Here are five facts every Las Vegas Small business owner needs to know about local radio in 2020.

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Topics small business advertising, small business owner, radio advertising, las vegas radio stations, las vegas small business owner, best way to advertise in las vegas, online advertising, best way to advertise, small business, small business marketing, time spent listening, education, online shopping

Online Advertising In Las Vegas: How Much Do Local Businesses Spend?

Dec 14, 2020 4:40:24 PM / by Larry Julius

Over 95% of Las Vegas adults have access to the internet, according to Nielsen. Almost 65% of these consumers spend more than five hours a week connected.

Nielsen reports that Las Vegas consumers go online to stay connected to friends and family; research products and services; learn the latest news, and obtain directions to where they are going and know what the weather will be when they get there.  

Here are some of the many reasons why Las Vegas internet users go online each month

  • Social Media: 75%
  • Weather: 51%
  • Online Banking: 44%
  • Maps/Directions: 41%
  • Product Reviews: 37%
  • Restaurant Reviews: 30%
  • Current Events: 28%
  • Sports Scores/News: 21%
  • Job Search: 15%
  • Real Estate: 12%

And, of course, there is shopping.  Over the past six months, according to Nielsen, 75.9% of Las Vegas consumers shopped online for every imaginable product and service including, cars, golf clubs, office supplies, wedding rings, mattresses, tires, medicine, shoes, socks, and eyeglasses.

To reach local consumers while they are online, Las Vegas businesses will spend $429 million for digital advertising in 2020, according to Borrell Associates.  Here is how the money is being spent:

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Topics small business advertising, small business owner, radio advertising, las vegas small business owner, online advertising, social media advertising, small business, e-commerce, social media, online job posting, small business marketing, OTT, CTV, email marketing, email advertising

Advertising In Las Vegas: Top 5 Articles From 2020

Dec 8, 2020 5:18:50 PM / by Larry Julius

As the pandemic rages on, advertising is no longer a luxury for the 69,000 small businesses in the Las Vegas-Henderson-Paradise, NV Metroarea .  Advertising has become a tool for survival.
 
As cash becomes precious, though, Clark County small business owners and retailers need to ensure that every dollar spent  on advertising has a significant effect on sales.
 
To make the best advertising choices, thousands of local business owners have sought advice and direction from www.AdvertiseInLasVegas.com.  Here is a recap of the top 5 articles read on the site during 2020.
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Topics small business advertising, small business owner, television advertising, radio advertising, las vegas small business owner, effective radio advertising, newspaper advertising, small business, television, pay-TV, cox cable, cable TV, small business marketing, OTT, CTV, las vegas review-journal, svod, avod, 2020

Who's Spending Now? Las Vegas Small Business Owners Ask.

Dec 4, 2020 3:57:16 PM / by Larry Julius

There are 370,000 adults in the Las Vegas area who have earned a four-year college or postgraduate degree, according to research from Nielsen. A study from the Federal Reserve indicates that these educated consumers have been least affected by the economic consequences of the pandemic.

"While the labor market disruptions have affected workers in a wide set of industries and occupations, those without a college degree have experienced the most severe impact," say Mary C. Daly, Shelby R. Buckman, and Lily M. Seitelman authors of The Unequal Impact of COVID-19 in the Economic Letter published by the Federal Reserve of San Francisco.

Although the unemployment rate increased among consumers of every education level in late March when the Governor of Nevada locked down the state to slow the spread of the Coronavirus, the smallest increase was among those with bachelor or postgraduate degrees, according to the Bureau of Labor Statistics..

Seven months later, job recovery among those with college degrees is closer to pre-pandemic levels than consumers with lower levels of educational attainment.

Many small business owners have seen the correlation between advertising and survival during the economic crisis inflicted by the pandemic.  With precious few dollars to invest, it is crucial that every advertisement reaches consumers who have disposable income to buy. Right now, the most likely spenders are customers with college degrees.

By key advertising metrics, the best way to reach consumers with higher education is on Las Vegas radio.

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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, effective radio advertising, best way to advertise, college graduates, small business, advertise on radio, small business marketing, radio listening, advertising on radio, education

Advertising In Las Vegas: Still Time To Ring Up Holiday Sales

Dec 1, 2020 3:41:49 PM / by Larry Julius

There is cheerful news for small business owners from Henderson to Summerlin and every city and town in between.

Based on the latest projections from the National Retail Federation, holiday sales are expected to grow 3.6%-5.2% over 2019.  This means despite the economic ravages of the pandemic, Las Vegas area shoppers will be spending between $5.2 and $5.3 billion on gifts and other trappings of the season.

The NRF forecast is based on an economic model that takes into consideration a variety of indicators including employment, wages, consumer confidence, disposable income, consumer credit, previous retail sales and weather. NRF defines the holiday season as November 1 through December 31. Numbers forecast by NRF may differ from other organizations that define the holiday season as a longer period or include retail sectors not included by NRF, such as automobile dealers, gasoline stations and restaurants.

"Consumers have shown they are excited about the holidays and are willing to spend on gifts that lift the spirits of family and friends after such a challenging year," says NRF President and CEO Matthew Shay. "We expect a strong finish to the holiday season." 

“Given the pandemic, there is uncertainty about consumers’ willingness to spend, but with the economy improving most have the ability to spend,” NRF Chief Economist Jack Kleinhenz said. “Consumers have experienced a difficult year but will likely spend more than anyone would have expected just a few months ago."

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Topics return on investment, roi, small business advertising, small business owner, television advertising, las vegas small business owner, retail, holiday, christmas shopping, holiday shopping, consumer spending, small business, television, retail sales, retail stores, retailer, small business marketing, holiday advertising, consumer confidence

What Is The Best Way To Reach Online Shoppers In Las Vegas?

Nov 17, 2020 4:31:35 PM / by Larry Julius

Las Vegas shoppers are expected to spend a record $5.5 billion online in 2020, based on the most recent projections from eMarketer. This would represent year-over-year growth of 32.4%.

During the same period, according to eMarketer, receipts at brick-and-mortar stores have contracted by 3.2%.  Overall, excluding gas and auto sales, e-commerce will account for 20.6% of all retail sales this year.

The Coronavirus pandemic is credited with this seismic shift in shopping behavior as consumers continue to avoid stores and opt for online shopping.

“We’ve seen e-commerce accelerate in ways that didn’t seem possible last spring, given the extent of the economic crisis,” said Andrew Lipsman, eMarketer principal analyst at Insider Intelligence. “While much of the shift has been led by essential categories like grocery, there has been surprising strength in discretionary categories like consumer electronics and home furnishings that benefited from pandemic-driven lifestyle needs.”

Even before the onset of the pandemic, 75.9% of Las Vegas consumers had bought goods online over the prior six months, according to Nielsen research. Purchases included clothing, health & beauty products, travel reservations, books, furniture, and groceries.

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Topics return on investment, roi, radio advertising, online advertising, digital advertising, retail, retail sales, retail stores, retailer, website visitors, attribution, web traffic, e-commerce, advertise on radio

Small Business Advertising In Las Vegas: Consumers Ready To Spend

Nov 13, 2020 10:17:48 AM / by Larry Julius

There is positive news for the 69,000 small businesses in the Las Vegas-Henderson-Paradise, NV Metro Area.  A majority of consumers say they are ready to start shopping again.

A lifestyle survey just released from Nielsen indicates 53% of Americans believe that despite the continuing pandemic, life is beginning to normalize, and they are likely to resume typical activities.  Nielsen refers to this majority as "Ready-To-Go".

According to the survey, Ready-To-Go consumers now perceive less risk, feel safer, and believe their cities are emerging from crisis.

The key takeaway for Las Vegas small business owners is that Ready-To-Go consumers are significantly more likely to start shopping within 30 days than the total population.  These buyers, according to Nielsen, are looking to spend on home improvement, professional services, auto parts/repair, shopping, food & dining, and travel.

To capture a meaningful share of the money Ready-To-Go consumers will be spending requires local small business owners to advertise.  By almost every metric, advertising on Las Vegas radio is the best advertising option.

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Topics return on investment, roi, small business advertising, small business owner, radio advertising, las vegas small business owner, effective radio advertising, retail, consumer spending, small business, retail sales, retail stores, retailer, advertise on radio, small business marketing, consumer confidence

Advertising ROI In Las Vegas: Television vs. Radio

Nov 9, 2020 3:43:15 PM / by Larry Julius

Every week, according to Nielsen, significantly more consumers are reached by local radio than by Las Vegas TV.

For Las Vegas small business owners whose marketing budgets have been ravaged by the pandemic, though, the question is which of these media can provide the best return for their advertising investments. An ROI study conducted by Nielsen and commissioned by Cumulus Media | Westwood One provides a conclusive answer.

Between April 30 and May 27 of this year, Nielsen analyzed the sales results of a major retailer who conducted an advertising campaign on both radio and television during that period.  

Using  their Portable People Meter panel of 80,000 consumers, Nielsen measured the purchase behavior of consumers who were exposed to the advertiser's commercials on both radio and television. To learn more about the methodology, click here.

The result of the study indicates that the money invested in radio advertising had a much stronger return than the money spent on TV.

Here are the key findings of the ROI study:

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Topics return on investment, roi, small business advertising, small business owner, television advertising, radio advertising, las vegas small business owner, effective radio advertising, retail, small business, television, retail sales, retail stores, retailer, small business marketing

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