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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

Television Advertising In Tampa Bay: Where Are The Viewers?

Jul 1, 2021 3:44:29 PM / by Larry Julius

Broadcast television came to Tampa Bay in 1953 when WSUN-TV (now WTTA) 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, Tampa Bay consumers needed rabbit-ears or outdoor antennas to receive signals from a small handful of local stations, including  WFLA and WTVT. 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 Tampa Bay 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 Tampa Bay 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, Tampa Bay 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 Tampa Bay 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, Cable TV, Television Advertising, Streaming, OTT, CTV, streaming video, avod, svod, local television

Tampa Bay Retail Sales Expected To Blow Past Forecasts

Jun 24, 2021 2:56:13 PM / by Larry Julius

Earlier this year, based on projections from The National Retail Federation, Tampa Bay area consumers were expected to spend more than $43.9 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 Tampa Bay area retail economy could now top $46.3 billion. Excellent news for West Florida 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 Tampa Bay 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 Tampa radio.

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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

Advertising On Tampa Radio Makes Good Sense For Business Owners

Jun 16, 2021 1:09:58 PM / by Larry Julius

Since March 2020, when the first case of COVID-19 was reported in the Tampa Bay area, more than 281,015 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 Tampa Bay 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, 2.2 million adult consumers tune-in to a Tampa 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, small business owner, best way to advertise, radio advertising, tampa small business owners, small business advertising, radio listeners, small business marketing, listening location, time spent listening

How Much Time Do Tampa Bay Consumers Spend Online?

Jun 4, 2021 3:32:37 PM / by Larry Julius

According to Nielsen, 2.5 million adults in the Tampa Bay area have access to the internet, equivalent to 95.7% of the population. On average, local consumers are spending 9.68 hours per week online.

Tampa Bay millennials, the first generation that grew up in a digital world, spend considerably more time online. Nielsen reports that, on average, Tampa Bay's 25-39-year-old consumers are clocking 12.7 hours connected to the internet.

So, how are Tampa Bay 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 Tampa Bay consumers each month.

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Topics Streaming, Streaming Audio, best way to advertise, digital advertising, online advertising, social media advertising, social media, OTT, CTV, streaming video, online shoppers, internet

Why Tampa Bay Kitchen & Bath Remodelers Need To Advertise Now

May 19, 2021 9:46:24 AM / by Larry Julius

In 2021, according to Nielsen, 180,799 Tampa Bay area homeowners are expected to spend $1.6 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, 1.7 million homeowners from Clearwater to Lakeland 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 Home Remodeling, Home Improvement, best way to advertise, radio advertising, consumer spending, home owners, home value, contractors, homeowners, construction

Advertising In Tampa Bay: What's The Best Way To Reach Pet Owners?

May 13, 2021 7:20:00 AM / by Larry Julius

A surge in pet adoptions and sales during the pandemic has increased the number of pet owners in the Tampa Bay area to 1,384,240, according to Nielsen.

As a result, the amount of money that will be spent in the Tampa Bay during 2021 on domestic dogs, cats, birds, ferrets, and other cuddly creatures will achieve a record-high $1.1 billion. 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%."

Tampa Bay 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 Tampa radio.

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Topics Return On Investment, ROI, millennials, best way to advertise, reach, radio advertising, retail stores, pet owners, Retail Sales, Retailer, retail, reach & frequency, advertising reach, retail spending, dog owners, cat owners

Help Wanted: The Best Way To Recruit Qualified Workers In Tampa Bay

May 6, 2021 2:51:58 PM / by Larry Julius

The number of job openings in the Tampa Bay 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 Florida unemployment rate still around 5%, Tampa Bay 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, passive job seeker, radio recruitment advertising, white collar workers, social media advertising, blue collar, online job boards, social media, job boards, employment advertising, active job seekers, monster.com, LinkedIn, indeed, zip recruiter

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