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Keeping Your Las Vegas Small Business Healthy During The Corona Crisis

Mar 16, 2020 5:30:18 PM / by Larry Julius & Bob McCurdy

The top concern of every Clark County small business owner is the health and safety of their families and employees.  Local information and breaking news regarding the Coronavirus is available by clicking here.

Of course, a secondary concern is tending to the health of their business amid an overabundance of social and financial disruptions. 

There is one prescription that helped many Las Vegas area businesses survive the Great Depression of 1929, the economic crash of 2009, and every recession in between.  The Rx for keeping a business healthy during chaotic times is to continue advertising.

The best example of how advertising can fend off tough times was shared by The New Yorker magazine financial columnist James Surowiecki.

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Topics small business owner, radio advertising, restaurant, restaurant advertising, retail, recession, best way to advertise, small business, retail stores, retailer, corona, coronavirus, covid 19

Does Social Media Work For Las Vegas Retailers?

Mar 13, 2020 6:09:30 PM / by Larry Julius

Las Vegas retailers spend a considerable amount of time and money marketing their small businesses on social media.  Is this effort paying off?

Each month, according to Nielsen, 1.2 million Clark County adults use Facebook, Instagram, or Twitter. This equates to 70% of consumers.  This reach is rather anemic compared to Las Vegas radio and TV, which attracts considerably more users in a single week than these social media platforms do over 30 days.

Among local millennials, the monthly reach of Facebook, Instagram, and Twitter is eclipsed by the weekly reach of Las Vegas radio.

The number of consumers reached by an advertising campaign, according to Nielsen, is the media consideration that has the most significant effect on increasing sales. 

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Topics reach, small business owner, radio advertising, twitter, social media advertising, facebook, instagram, retail, best way to advertise, facebook advertising, small business, retail sales, retail stores, retailer, engagement

Small Business Advertising In Las Vegas: Target The Spenders

Mar 3, 2020 8:09:10 PM / by Larry Julius

Clark County consumers spent more than $45.6 billion with retailers last year. The National Retail Federation forecasts 4.1% more will be spent this year.

Who are the shoppers that will be spending all this money?

According to Nielsen, 43.4% of retail dollars are spent by Las Vegas area consumers over the age of 50. This may surprise many small business owners because older consumers comprise only 35% of the area's adult population.

These older consumers account for a substantial share of spending in almost every retail category. This includes furniture, cars, pet supplies, fast food, and electronics.

To earn a share of these massive dollars spent by these older consumers requires Las Vegas small business owners to advertise.

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Topics small business advertising, television advertising, radio advertising, social media advertising, newspaper advertising, retail, store traffic, best way to advertise, consumer spending, small business, retail sales, retail stores, baby boomers, retailer

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