In a typical week, 1.5 million adult consumers tune-in to Las Vegas radio stations. But, since the onset of the Coronavirus, the weeks have not been typical.
Before social-distancing and work-from-home orders, 1.1 million Clark County consumers would drive to-and-from work each day. More than 93% of these commuters could be reached by radio.
Las Vegas area small business owners who depend on radio advertising to market their goods and services, therefore, might be concerned that the disruption in commuting patterns could depress the amount of time consumers spend with local radio.
According to market research, however, radio listening remains an important part of the daily life of consumers. Even amid the current chaos.
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Small business owners have been advertising on Las Vegas radio since the first station, KENO, went on the air in 1940. By almost every metric, the medium remains the best way to successfully market goods and services to local consumers.
Before Clark County small businesses finalize their marketing plans for this year, here are five facts they should know about radio advertising.
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Last week, according to Nielsen, 365,811 single, adult women tuned-in to a Las Vegas radio station. This is 89% of every consumer who fits this description.
Why should Clark County small business owners take note of this demographic? A study by investment bank Morgan Stanley finds 41% of working-age women are single. That number is expected to increase to 45% over the next ten years.
The study, called 'Growth of the SHEconomy', indicates that single women outspend the average household in many retail categories. Remarkably, says, Erica Sweeney of MarketingDive, "Women purchase more than half of products traditionally considered 'male' including autos, home improvement products, and consumer electronics."
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sheconomy,
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single women
Business owners who sell mattresses in the Las Vegas area might be losing sleep.
Last year, Clark County consumers spent close to $481 million for new mattresses. A recent survey conducted by Piper Jaffray indicates that many retailers believe that the category will become even stronger during the last four months of this year.
The reason for the owners' sleep loss is that many customers are skipping local stores and buying their mattresses on the internet. According to Statista, 37% of mattress buyers are now purchasing from one-of-175 direct-to-consumer sites like Casper or from online retailers like Amazon.
To keep customers shopping local requires advertising.
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mattress
Advertising is critical to the success of every Las Vegas small business owner. One of the most powerful elements of any advertising campaign is how many people it reaches.
Nielsen, the world's largest consumer insights company, found that advertising reach has a more significant effect on sales than branding, recency, and context.
There are many ways a local business owner can advertise. This includes traditional media like Las Vegas radio, local TV, and newspaper. It also includes online advertising options such as Facebook, Instagram, and Pandora.
They type of customer an individual business needs to reach depends on the goods and services the company sells. For instance, a daycare operator might want to reach households with young children. On the other hand, a real estate agent could be looking for consumers in the market to purchase a new home.
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newspaper advertising,
retail
When a Las Vegas small business owner advertises on a local radio station, the first words determine if consumers will pay attention. The article "Be Heard: The #1 Job of Commercials on Las Vegas Radio" discusses this topic in-depth.
When it comes time to buy, however, getting in the final word can be equally important. Advertising on Las Vegas radio is often the last voice a customer hears before making a purchase in-store or online.
Being the last voice serves as a potent reminder to consumers that a business or product exists. Especially since our brains make things very easy to forget. Science says it's so.
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radio advertising,
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las vegas small business owner,
effective radio advertising,
online advertising,
internet advertising,
brick and mortar,
point of purchase
Next year, according to Nielsen, 38,788 residents in the Las Vegas area will be getting married. This number does not include tourist weddings.
Assuming that those folks are hitching-up with each other, that means there will be 19,394 weddings.
CostOfWedding.com reports that the average cost for these pending nuptials will be $29,003 including (but not limited to) rings, dresses, tuxedos, flowers, venues, photographers, invitations, limos, and rice (or birdseed for the ecologically inclined).
This means small business owners in Las Vegas who cater to the bridal market will be competing for a share of $562 million.
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las vegas radio stations,
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bridal marketing,
wedding marketing
Mark Twain has some script writing advice for Las Vegas small business owners who depend on radio advertising to market their goods and services.
"The difference between the almost right word and the right word is really a large matter - 'tis the difference between the lightning-bug and the lightning," advises Mr. Twain.
In other words, fill your commercials with lightning, not bugs!
Currently, according to the Oxford English Dictionary, there are 171,476 words in the English language. A handful of these words, Las Vegas small business owners can't use in their radio commercials. The Supreme Court of the United States says so.
Of all the words that can be used in broadcast advertising, however, there is one word that should be shunned: 'get' and all of its nasty derivative forms including 'got' and 'gotten'. Here's why.
The typical 60-second commercial on Las Vegas radio consists of 160 words. Depending on the station, each word in that ad could cost around $2.00. It is important, then, that each word is carefully selected to engage listeners and then compel them to action. This is especially crucial when using verbs.
"One of the best ways of grabbing and keeping an audience is to use strong, descriptive verbs," says the Writing Center at the University of Houston. 'Get' is not that kind of verb.
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This year, Las Vegas area consumers will spend $6.3 billion in local restaurants and drinking establishments. There are thousands of local restaurants from Pahrump to Mesquite hungry for a bite of that cash.
Unfortunately, many of the restaurants that are here today will be gone tomorrow. According to FSR, an industry trade magazine, 60% of restaurants fail within their first year. Eighty percent never make it to their fifth anniversary.
CBI Insights studies why small business owners, such as local restaurants, fail. Reason number eight is poor marketing and advertising. Good food and friendly service are not enough to make a cash register ring.
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las vegas radio stations,
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newspaper advertising,
restaurant,
restaurant marketing,
restaurant advertising
Two things are remarkable about voting day in 1920. It was the first time, ever, women could participate in the selection of the U.S. President. It was also the first time live election results were broadcast on the radio. Not to mention, it was also the first radio broadcast, ever.
The voters' choice that night was between Warren G. Harding and James M. Cox. Both men had derived their political power as successful newspaper publishers. It is quite ironic, then, that one of these men would reach the highest office in the land on the same night that the nascent radio broadcasting business began its takedown of the newspaper industry.
Nowhere is this takedown more apparent than locally, where radio has become, by far, the advertising medium with the largest reach among Las Vegas consumers.
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small business advertising,
small business owner,
radio advertising,
las vegas radio stations,
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