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OTT & CTV: Who Watches Streaming Video In Tampa Bay?

Mar 19, 2021 1:39:52 PM / by Larry Julius

Each week, according to Nielsen, 68.4% of Tampa Bay 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 Tampa Bay, 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, small business owner, best way to advertise, tampa small business owners, advertise in tampa bay, digital advertising, online advertising, small business advertising, small business marketing, OTT, CTV, streaming video, internet

Advertise in Tampa Bay: How Local Consumers Use The Internet?

Feb 25, 2021 2:54:21 PM / by Larry Julius

Tampa area business owners are expected to invest $1.2-billion 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, 95.2% of adult consumers in the Tampa area have access to the internet. They connect, primarily, with desktop and laptop computers; smartphones; or tablets.

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

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Topics small business, small business owner, tampa small business owners, advertise in tampa bay, digital advertising, online advertising, facebook advertising, instagram, facebook, social media advertising, small business advertising, social media, small business marketing, OTT, CTV, avod, svod, online shoppers, internet

Tampa Bay Small Business Advice: Facebook Advertising During Pandemic

May 7, 2020 10:51:59 AM / by Larry Julius

Facebook usage has swelled since the onset of the Covid-19. 

According to Nielsen, before the current chaos, 61% of Tampa Bay adults used Facebook each month. This was significantly fewer than were reached by local radio or television each week.

According to the New York Times, however, since the start of the Coronavirus, daily Facebook traffic has increased by 27%. This compares to 33% growth in the amount of time consumers spend listening to local radio during a similar period.

Based on the surge in Facebook consumption, Tampa area small business owners might be tempted to purchase advertising on the social media platform to augment their regular, free postings. Here are are few facts these businesses should consider before investing.

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Topics small business, small business owner, best way to advertise, radio advertising, digital advertising, online advertising, facebook advertising, facebook, social media advertising, trust, social media

Advertising On Tampa Radio Remains Best Option During Corona Crisis

Apr 15, 2020 3:34:56 PM / by Larry Julius

The chaos created in Tampa Bay by the onset of Coronavirus has been a disruptive force among consumers. 

Work routines, buying habits, family life, and media consumption have all been palpably affected. These are all factors that need to be considered by small business owners who continue to advertise their goods and services during the crisis.

Before the current chaos, advertising on Tampa radio, by any metric, was the best way a local small business could advertise.

For instance, pre-Coronavirus, 2.1 million adult consumers tuned-in to a Tampa radio station every week. This is significantly more than watched local TV, read a newspaper, accessed social media, or streamed audio from sites like Pandora and Spotify.

New research released from Nielsen indicates that amidst the current crisis, listening to local radio remains little changed. This is great news for those Tampa Bay small business owners who are depending on advertising for their long-term survival.

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Topics small business, small business owner, Television Advertising, Streaming Audio, best way to advertise, radio advertising, digital advertising, online advertising, social media advertising, newspaper advertising, corona, coronavirus, covid19

Why Tampa Bay Used Car Dealers Need To Advertise Now

Feb 11, 2020 1:22:21 PM / by Larry Julius

March is the biggest single month for used car sales in Tampa Bay. During these 31 days alone, local pre-owned vehicle dealers are expected to bring in $121 million in sales. This will represent 10% of their annual revenue.

By the end of May, these dealers owners will sell more than $336 million worth of pre-owned cars and trucks. This, undoubtedly, makes March-May 'used car season' in Tampa Bay.

Although most Tampa area used car dealers are small business owners, they do really big business. In all, over the next 12 months, more than 415,000 pre-owned vehicles will be driven off their lots.

To capture a larger share of the area's $1.2 billion used car market requires pre-owned vehicle dealers to advertise. By any measure, the best way for these business owners to advertise is on Tampa radio.

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Topics small business owner, Spotify, pandora, best way to advertise, radio advertising, digital advertising, online advertising, social media advertising, newspaper advertising, small business advertising, used cars, used trucks, pre-owned vehicles, car dealers

Advertise In Tampa: Reaching Mother's Day Shoppers

Feb 5, 2020 1:47:48 PM / by Larry Julius

As Valentine's Day sales begin to dwindle, that's when Tampa Bay small business owners start thinking about Mom.

Mother's Day, which happens on the second Sunday of May, is second only to Christmas in terms of holiday spending. Last year, Tampa Bay consumers spent more than $253-million celebrating the women in their lives. That number is expected to grow again in 2020.

To claim a significant share of this Mother's Day cash, local retailers and restaurants will need to advertise.  By almost every key metric, advertising on Tampa radio is the best choice.

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Topics small business, small business owner, Television Advertising, Spotify, pandora, Streaming Audio, best way to advertise, radio advertising, digital advertising, online advertising, facebook advertising, social media advertising, newspaper advertising, restaurant marketing, restaurant advertising, consumer spending, mother's day, male shoppers

How To Advertise Insurance Products In Tampa Bay

Jan 24, 2020 4:48:44 PM / by Larry Julius

If you were one of the 2,193,604 consumers who tuned-in to a Tampa radio station last week, then chances are you heard at least one commercial from GEICO, Progressive, or Liberty Mutual. That's because insurance is big business in Tampa.

Each year, Tampa Bay consumers spend $4.4 billion to insure their homes and cars. That's almost $1500 for every area adult.

There is good news and bad news for the 5600 local insurance agents who are competing to earn a substantial share of the home and auto premiums consumers are paying.

According to Nielsen, 258,000 policyholders in Tampa Bay are planning to switch insurance providers during the next 12 months.

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Topics small business, small business owner, Television Advertising, Streaming Audio, best way to advertise, radio advertising, digital advertising, online advertising, social media advertising, newspaper advertising, consumer spending, insurance agent, insurance

Advertising On Tampa Radio: 5 Facts To Know Now

Jan 9, 2020 10:32:36 AM / by Larry Julius

Small business owners have been advertising on Tampa radio since the first station, WDAE, went on the air in 1922.  By almost every metric, the medium remains the best way to successfully market goods and services to local consumers.

Before  Tampa Bay businesses finalize their marketing plans for this year, here are five facts they should know about radio advertising.

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Topics Television Advertising, millennials, best way to advertise, reach, radio advertising, digital advertising, online advertising, facebook advertising, social media advertising, newspaper advertising, consumer spending, hispanic consumers, black consumers

Best Way To Advertise Pizza Restaurants In Tampa Bay

Jan 3, 2020 3:30:25 PM / by Larry Julius

Tampa Bay consumers cannot get enough pizza.

In 2012, there were just about 1000 local pizza restaurants. Today, however, that number has grown to 1,139. In 2019, these establishments racked up $534,000,000 in total sales.

Fifty-nine percent of pizza sales in Tampa Bay are rung-up by one of the top-50 chains like Domino's or Pizza Hut. The remaining 41% of revenue is controlled by independent, small business owners.

To compete for a larger share of the pizza pie in the Tampa area requires local restaurant owners to bring in new customers. A proven way to accomplish this is with advertising.

The US Small Business Administration recommends that every Tampa Bay small business advertise consistently.  

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Topics Pizza, Restaurants, small business, small business owner, Television Advertising, best way to advertise, radio advertising, digital advertising, online advertising, social media advertising, newspaper advertising, restaurant marketing, restaurant advertising

Advertise In Tampa: Capture A Larger Share Of Home Improvement Market

Dec 30, 2019 3:43:23 PM / by Larry Julius

Consumers in Tampa Bay spent a record $3.9 billion on home improvements in 2019. This level of spending is projected to drop modestly next year, according to Harvard University’s Joint Center for Housing Studies.

“Declining home sales and home-building activity coupled with slower gains in permitting for improvement projects will put the brakes on remodeling growth,” says Chris Herbert, the center’s managing director.

“However, if falling mortgage interest rates continue to incentivize home sales, refinancing, and ultimately remodeling activity, the slowdown may soften some.”

If  Tampa Bay small businesses that sell home improvement products and services would like to continue to grow despite the softening market, then advertising will be required.

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Topics Home Remodeling, Home Improvement, small business, small business owner, Television Advertising, millennials, best way to advertise, radio advertising, digital advertising, online advertising, social media advertising, newspaper advertising

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