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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

Las Vegas Homeowners Plan To Spend Stimulus Cash On Improvements

Mar 15, 2021 3:57:12 PM / by Larry Julius

Las Vegas area residents will begin receiving economic stimulus checks  from the Internal Revenue Service as early as today.  In all, local consumers will receive more than $2.7 billion in payments.

This infusion of cash into the Las Vegas economy was authorized by Congress last week in the American Rescue Plan legislation. 

The stimulus relief legislation calls for a one-time payment of $1,400 to single adults. Married couples who filed jointly will receive $2,800 total ($1,400 apiece). Families will get an additional $1,400 for each eligible dependent regardless of age. A family of four could get $5,600 in total payments. Like the second round of stimulus payments, the third round specifically prohibits payments to anyone who died before January 1, 2020.

Many of the stimulus dollars will end up in the wallets of 480,000 Las Vegas area homeowners. Based on research from Modernize, a leader in the home improvement and home services industry, 57% of these consumers are planning to spend all or part of their checks on home improvement projects.

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Topics return on investment, roi, radio advertising, best way to advertise, home improvement, home remodeling, home owners, contractors, stimulus checks, replacement windows

Does Anyone Listen To Las Vegas Radio At Night?

Mar 9, 2021 4:58:52 PM / by Larry Julius

Each week, according to Nielsen, more than 1.5 million adult consumers tune-in to a Las Vegas radio station. This is significantly more than watch local TV or cable. More than stream video channels like Netflix or Hulu. More than read local newspapers. More than use Facebook or Instagram. More than listen to online audio services like Pandora and Spotify.

But almost everyone knows (including many who advertise on Las Vegas radio) that consumers only listen to local radio stations during the day. Right? Wrong!

According to Nielsen, 48% of local consumers listen to Las Vegas radio stations each week between 7:00pm and 12:00am. This is a larger audience than Pandora, Spotify, and Instagram combined reach during an entire week.

For Las Vegas small business owners, radio's immense nighttime audience offers a unique value proposition.

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Topics small business advertising, small business owner, time of day, prime time, las vegas small business owner, effective radio advertising, advertise at night, small business, small business marketing, effective advertising, radio listening

Grab A Larger Share Of Las Vegas's Accelerating Retail Spending

Mar 4, 2021 1:44:32 PM / by Larry Julius

Las Vegas area consumers are expected to spend upward of $30.1-billion at retail in 2021. This would be, at minimum, a 6.5% jump over 2020. The forecast is based on newly released estimates by the National Retail Federation.

“Despite the continuing health and economic challenges COVID-19 presents, we are very optimistic that healthy consumer fundamentals, pent-up demand and widespread distribution of the vaccine will generate increased economic growth, retail sales and consumer spending,” NRF President and CEO Matthew Shay said.

“From the outset of the pandemic, retailers have gone above and beyond even the most conservative safety guidelines to protect and serve their associates and consumers alike."

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 consumers is by advertising on Las Vegas radio.

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Topics small business advertising, small business owner, radio advertising, las vegas small business owner, retail, consumer spending, small business, retail sales, retail stores, retailer, website visitors, web traffic, small business marketing, online shopping, retail spending

Advertise in Las Vegas: How Local Consumers Use The Internet?

Feb 26, 2021 2:00:46 PM / by Larry Julius

Las Vegas area business owners are expected to invest $473-million during 2021 to advertise to consumers connected to the internet. This forecast was produced by Borrell Associates, a company that tracks business advertising expenditures across the country.

These online marketing dollars will be spent on banner advertising, search engine marketing, email, as well as audio and video advertising. This is all to capture the attention of shoppers and buyers as they go about their connected days.

According to Nielsen, 96% of adult consumers in the Las Vegas area have access to the internet. They connect, primarily, with desktop and laptop computers; smartphones; or tablets.

Ninety-four percent of Las Vegas adults spend at least one hour per week online, with most spending at least 10 hours connected.

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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, twitter, social media advertising, facebook, instagram, facebook advertising, small business, small business marketing, OTT, CTV, svod, avod, online shopping

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