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Larry Julius


Recent Posts

Streaming Video Terms For Tampa Bay Small Business Owners

Sep 20, 2021 5:59:47 PM / by Larry Julius

Tampa Bay business owners are expected to spend $257,507,00 on streaming video advertising in 2021, according to Borrell Associates, a company that tracks online marketing expenditures across the country. This spending will be 25.9% higher than in 2020.

Streaming video advertising expenditures are accelerating as Tampa Bay consumers continue to abandon shows on local TV stations and cable systems in favor of programming streamed via an internet connection. These online channels include Netflix, Hulu, Prime, Disney+, Paramount+, Peacock, Prime Video, Roku Channel, SlingTV, PlutoTV, and dozens more.

This type of streamed video content is known collectively as OTT (Over-The-Top-Television) or CTV (Connected-Television). These two terms are sometimes 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 Tampa Bay, according to Nielsen, 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 Cable TV, Television Advertising, Streaming, Streaming Audio, digital advertising, online advertising, OTT, CTV, streaming video, local television, streaming television, internet advertising

How To Fill Open Jobs In Tampa Bay

Sep 10, 2021 4:09:57 PM / by Larry Julius

According to the US Census Bureau, there are 138,637 businesses in the Tampa Bay area. Some of these companies are small. Some are large. Some sell machine parts. Some sell software. Some provide legal services. Some provide eyecare.

Regardless of the size of the business or what it sells, all of these local companies have one thing in common: they are struggling to fill open jobs with qualified candidates. This is true in Tampa Bay as well as Clearwater, St. Petersburg, Lakeland, Brandon, and every point in between.

Right now, across the country, according to the Bureau of Labor Statistics, there are 10.9 million open jobs. This is an all-time record.

To put this mammoth number of open jobs in perspective, the Federal Reserve says there are now five job openings per every four unemployed people.

Attempting to recruit Tampa Bay workers from the ranks of the unemployed has proven fruitless for local companies. This is because many people who lost their jobs during the pandemic have no intention of returning to the workforce anytime soon.

There are several reasons so many Tampa Bay workers are not coming back.

First, older workers have opted to retire earlier than expected. Second, childcare issues are making it necessary for some parents to stay home. Third, other workers cite health safety issues for the reason why they chose not to work. Finally, some of the unemployed are choosing to live off the savings they amassed during the pandemic.

So rather than focusing recruitment efforts among former employees and the ranks of the unemployed, local business owners need to target the 1.2 million passive job seekers in Tampa Bay.

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Topics best way to advertise, radio advertising, recruitment advertising, white collar workers, blue collar, employment advertising, indeed, zip recruiter

B2B Advertising: Why Job Sites Depend On Tampa Radio

Sep 2, 2021 12:55:05 PM / by Larry Julius

If you were one of the 2.2 million adults who tuned in to Tampa radio last week, then chances are excellent that you heard advertising for ZipRecruiter.  That's because the company purchased 1,436 advertisements to air on local stations during the month of August, according to Media Monitors.

ZipRecruiter is an online recruitment site that helps companies of every size advertise open jobs. Overall, more than 2.8 million companies have posted an opening on ZipRecruiter.com

It is no wonder that ZipRecruiter and its competitors like Indeed have been making significant advertising investments on Tampa radio. Finding qualified workers is one of the toughest challenges facing local business owners. According to the Bureau of Labor Statistics, the number of job openings in the U.S. has reached a record high 10.1-million jobs with just not enough candidates to fill them.

If you've heard these commercials on Tampa radio, then you know that ZipRecruiter is not advertising to attract job seekers to its website.  Rather, the company's goal is to convince local business owners to buy help wanted ads from them.

So, why has ZipRecruiter chosen Tampa radio as a business-to-business (B2B) advertising resource?  The first reason is revealed in the first line of their commercial.

"According to research," says the announcer, "82% of people remember radio ads."

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Topics small business, small business owner, best way to advertise, radio advertising, tampa small business owners, recruitment advertising, radio recruitment advertising, small business advertising, small business marketing, b2b, business to business, indeed, zip recruiter, advertising options

Who Listens To Tampa Radio Stations Online?

Aug 27, 2021 1:49:25 PM / by Larry Julius

When Tampa Bay's first radio station, WDAE, began broadcasting on May 31, 1922, the station needed a tall antenna and lots of buried copper cable to transmit its signal.  Radio receivers at the time were mostly homemade and involved a piece of crystalline mineral and a wire coil.

Over many decades in Tampa Bay, both the broadcasting and receiving equipment improved. In the mid-1920s this meant store-bought radios. In the 1930s this meant car radios. In the 1960s this meant transistor radios. In the 1970s this meant boom boxes. And, in the 1980s this meant Walkmen. But, despite these improvements, the fundamental technology of big towers sending a signal through the air to a radio receiver remained the same.

In 1994, there was a new way for Tampa Bay consumers to listen to the radio. That was the year local stations across the country began streaming their signals over the internet and listeners could use their computers (later their smartphones and smart speakers) as receiving devices. No big antennas, no wires, and no actual radio needed.

In 2021, according to Nielsen, Tampa radio reaches more local consumers than any other advertising media option.

Neilsen finds, too, that 34.8% of all consumers who listen to a Tampa Bay radio station over-the-air will, at some point during the month, also connect to a local station via the internet. 

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Topics Streaming, Streaming Audio, best way to advertise, radio advertising, online advertising, smart speaker, internet, advertising options

Advertising On Tampa Bay Radio: The 3 Frequency Myth

Aug 18, 2021 4:11:09 PM / by Larry Julius

Every week, according to Nielsen, Tampa Bay radio reaches 2.2 million adult consumers. This is significantly more people than are reached by local TV, cable, social media, streaming video, streaming audio, or newspapers.

Because of its humongous reach, area small business owners advertise on Tampa Bay radio to successfully market the products and services they sell.

Many first-time advertisers on Tampa Bay radio will ask how many times a consumer needs to hear a commercial before they become a customer.  Often the business owner is told that to be effective, a consumer needs to be exposed to a message three times before they will buy.  Unfortunately, this prescription for a three-time frequency is more myth than substance.

A study by Nielsen provides some data-based insights about effective frequency, But first, here's the origin of the mythological rule of three.

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Topics Advertising Frequency, Frequency, small business, small business owner, reach, radio advertising, tampa small business owners, effective radio commercials, small business advertising, effective advertising, reach & frequency, small business marketing, advertising reach, effective frequency

Best Way To Advertise In Tampa Bay With A Limited Budget

Aug 10, 2021 11:05:50 AM / by Larry Julius

To maximize success, every Tampa Bay business owner needs to advertise.

"Think you have a great product?" asks the US Small Business Administration. "Unfortunately, no one’s going to know about it unless you advertise.”

The SBA goes on to say, “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.”

According to the US Census Bureau, there are 123,853 small businesses in the Tampa Bay area. This geography includes Tampa, St. Petersburg, Clearwater, and every point in between.  Most of these diminutive companies have limited dollars to invest in advertising.  

Advertising successfully in Tampa Bay is achievable, though, with a small budget if the available funds are invested wisely.  Oftentimes, this means selecting one medium rather than spreading money over several.

So which medium makes the most sense for small business owners with limited budgets? By most key advertising metrics, advertising on Tampa Bay radio is the best option.

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Topics Return On Investment, ROI, small business, small business owner, best way to advertise, reach, radio advertising, radio commercials, tampa small business owners, small business advertising, reach & frequency, small business marketing, advertising reach, advertising return on investment, duplication

Back To School Shopping: Tampa Bay Businesses Expect Record Sales

Jul 29, 2021 3:23:19 PM / by Larry Julius

There are 435,400 school-aged children in the Tampa Bay area.  Based on forecasts from the National Retail Federation (NRF), local parents are expected to spend a record $376.7 million to prepare these kids to return to the classroom this fall. 

Overall, the NRF expects back-to-school shoppers to spend almost 10% more in 2021 than they did last year.

“The pandemic forced parents and their school-aged children to quickly adapt to virtual learning, and they did it with an incredible amount of resolve and flexibility,” NRF President and CEO Matthew Shay said. “We enter the new school year with plans to return to the classroom and retailers are prepared to help Americans find and purchase whatever they need to make this transition as seamless as possible.”

According to the NRF, more than 51% of parents have already started buying for their K-12 students.  But, for Tampa Bay business owners there is still time to benefit.

The NRF reports that nearly 76% of K-12 shoppers are still waiting on lists of school supplies needed. On average, consumers have only completed 18% of the shopping.

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Topics best way to advertise, radio advertising, retail stores, back-to-school-advertising, millennial parents, children, Retail Sales, Retailer, retail, parents, retail spending

Advertising In Tampa Bay: Five Amazing Facts About Local Radio

Jul 23, 2021 2:56:52 PM / by Larry Julius

Advertising is crucial to the success of Tampa Bay 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, Tampa Bay business owners are expected to spend $1.9 billion to advertise the goods and services they sell. This represents a 6.9% increase versus last year.

The majority of these dollars are being spent by Tampa Bay business owners to capture a significant share of the $46.3 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 Tampa Radio. Here are the top five reasons why...

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Topics Return On Investment, ROI, small business, small business owner, millennials, best way to advertise, reach, radio advertising, radio commercials, tampa small business owners, small business advertising, millennial parents, reach & frequency, small business marketing, advertising reach, time spent listening, advertising return on investment

How Often Are Tampa Bay Consumers Online?

Jul 15, 2021 4:26:56 PM / by Larry Julius

Nearly 96% of Tampa Bay adults have access to the internet.  Ubiquitous technology such as computers, tablets, smartphones, and connected TVs allow West Florida 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 Tampa Bay 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 Tampa Bay consumers each month.

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Topics small business, small business owner, Streaming, Streaming Audio, best way to advertise, tampa small business owners, online advertising, social media advertising, small business advertising, borrell associates, social media, small business marketing, OTT, streaming video, avod, svod, online shoppers

Advertise On Tampa Radio: Still Best Option For Small Business

Jul 9, 2021 11:28:18 AM / by Larry Julius

Retail spending in the Tampa Bay area is expected to reach $46.3 billion this year, a 13.5% increase versus 2020. These estimates are based on a revised forecast from the National Retail Federation (NRF).

Since May 31, 1922, when WDAE signed on as the first station in Tampa Bay, local business owners have depended on radio advertising to help market their goods and services to West Florida 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 Tampa 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 Tampa radio measures up to other options available to local small business owners.

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Topics Return On Investment, ROI, small business, small business owner, best way to advertise, reach, radio advertising, tampa small business owners, retail stores, small business advertising, Retail Sales, Retailer, retail, reach & frequency, small business marketing, advertising reach, retail spending

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