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Larry Julius


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Advertising In Las Vegas: Five Amazing Facts About Local Radio

Jul 23, 2021 3:45:20 PM / by Larry Julius

Advertising is crucial to the success of Las Vegas business owners. According to Investopedia, "lack of adequate marketing and publicity are among the issues that drag down small business".

According to Borrell Associates, a company that tracks advertising trends across the country, Las Vegas business owners are expected to spend $996 million to advertise the goods and services they sell. This represents a 8.7% increase versus last year.

The majority of these dollars are being spent by Las Vegas business owners to capture a significant share of the $30.1 billion dollars local consumers will be spending this year. These estimates are based on a revised forecast from the National Retail Federation (NRF).

Of course, there is an over-abundance of ways a local business owner can advertise. Perhaps the best way to generate sales from local consumers is with Las Vegas radio. Here are the top five reasons why...

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Topics reach, return on investment, roi, small business advertising, small business owner, radio advertising, millennials, 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, millennial parents, small business marketing, advertising reach, advertising return on investment

How Often Are Las Vegas Consumers Online?

Jul 15, 2021 4:41:14 PM / by Larry Julius

More than 97% of Las Vegas adults have access to the internet.  Ubiquitous technology such as computers, tablets, smartphones, and connected TVs allow Nevada consumers to go online whenever they choose, which, for some adults, is always.

The Pew Research Center, a public opinion research company, reports that one-in-three consumers say they are online constantly. A 50% increase from 2015.  In total, 85% of consumers say they connect at least one time every day.

So, how are Las Vegas consumers spending all this time connected to the internet?

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 small business advertising, small business owner, las vegas small business owner, best way to advertise in las vegas, online advertising, social media advertising, best way to advertise, small business, streaming audio, social media, small business marketing, Streaming Video, avod, online shopping, streaming media

Advertise On Las Vegas Radio: Still Best Option For Small Business

Jul 9, 2021 11:49:37 AM / by Larry Julius

Retail spending in the Las Vegas area is expected to reach $30.1 billion this year, a 13.5% increase versus 2020. These estimates are based on a revised forecast from the National Retail Federation (NRF).

Since 1921, when KGIX signed on as the first station in Las Vegas, local business owners have depended on radio advertising to help market their goods and services to Clark County consumers.  But has the Coronavirus pandemic altered the medium's ability to deliver customers to ring up sales for local retailers?

Two critical marketing metrics indicate that advertising on Las Vegas radio remains the best way for a small business to advertise.

The first measurement is reach. This is the number of different consumers who are exposed to an advertising campaign.

The second measure is return-on-investment (ROI). This is the amount of sales a business can expect for every one dollar invested in advertising.

Based on these metrics, here is how advertising on Las Vegas radio measures up to other options available to local small business owners.

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

Television Advertising In Las Vegas: Where Are The Viewers?

Jul 1, 2021 4:00:33 PM / by Larry Julius

Broadcast television came to Las Vegas in 1953 when KLAS-TV signed on for the first time. In those days, very few local households actually owned a set, a number that would grow to 50% by 1960.

At first, Las Vegas consumers needed rabbit-ears or outdoor antennas to receive signals from a small handful of local stations, including  KLRG (now KSNV) and KSHO (now KTNV). The quality of reception varied day-to-day.

By the early 1960s, however, local cable systems began to bring higher-quality, reliable reception to households throughout the Las Vegas area. The number of programming options, though, remained limited to affiliates of ABC, NBC, and CBS.

In 1972, viewing options began to expand as local cable began offering Las Vegas area consumers the opportunity to purchase premium services, including HBO, Showtime, and Cinemax.  Five years later came an explosion of non-premium cable channels such as TBS and CNN.

In the early 1990s, Las Vegas viewers could not only receive their television programming over-the-air or by cable, but options expanded to include satellite delivery by DishTV and DirectTV.

The next TV innovation came in 2007 as Las Vegas consumers started turning to the internet to watch streaming channels like Netflix and Hulu.  These new services allowed viewers to watch TV on their phones, computers, and tablets as well as their living room LCD and Plasma screens.

Today, all of this video technology offers viewers the ultimate flexibility to choose how, when, and where to watch TV.  So, what are they watching?

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Topics television advertising, television, cable TV, Streaming Video, OTT, CTV, svod, avod

Las Vegas Retail Sales Expected To Blow Past Forecasts

Jun 24, 2021 3:42:21 PM / by Larry Julius

Earlier this year, based on projections from The National Retail Federation, Las Vegas area consumers were expected to spend more than $30.1 billion at retail this year, a 6.5% increase versus 2020. New data, however, indicates spending will be remarkably higher.

The NRF revised its data this month, and now expects annual growth of 10.5% to 13.5%. Based on these revisions, the Las Vegas area retail economy could now top $31.7 billion. Excellent news for Clark County small business owners.

“The economy and consumer spending have proven to be much more resilient than initially forecasted,” NRF President and CEO Matthew Shay said. “The combination of vaccine distribution, fiscal stimulus, and private-sector ingenuity have put millions of Americans back to work. While there are downside risks related to worker shortages, an overheating economy, tax increases and over-regulation, overall households are healthier, and consumers are demonstrating their ability and willingness to spend. The pandemic was a reminder how essential small, mid-size and large retailers are to the everyday lives of Americans in communities nationwide.”

To put in historical context for Las Vegas small business owners, Mr. Klenhenz noted that he anticipates the fastest growth the U.S. has experienced since 1984. The reopening of the economy has accelerated much faster than most had believed possible a year ago.

To capture the largest possible share of spending growth, local retailers will need to advertise. By the most crucial marketing metrics, the best best way to reach area consumers is by advertising on Las Vegas radio.

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

Advertising On Las Vegas Radio Makes Good Sense For Business Owners

Jun 16, 2021 3:33:44 PM / by Larry Julius

Since March 2020, when the first case of COVID-19 was reported in the Las Vegas area, more than 253,969 local people have been infected, according to data collected by USA Facts. The measures imposed to contain the outbreak have transformed the way consumers work, shop, commute, and conduct the business of everyday life.

One aspect of daily life in Las Vegas that remains little changed due to the pandemic is radio listening. Despite the Coronavirus crisis, radio has held its long-held position as the most used of all local media. This is good news for area business owners who depend on radio for marketing their goods and service.

Each week, according to Nielsen, 1.5 million adult consumers tune-in to a Las Vegas radio station.  This is significantly more people than are reached by all other local advertising options, including TV, cable, streaming video, streaming audio, social media, and newspapers.

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Topics return on investment, roi, 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, small business, small business marketing, time spent listening, listening location

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

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