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Reclaim 'Top Of Mind' When Your Tampa Bay Small Business Re-Opens

May 1, 2020 9:45:38 AM / by Larry Julius

Business was booming in Tampa Bay. Then it was not.

Before the chaos brought on by Coronavirus, it had been predicted, based on estimates from the National Retail Federation, Tampa area consumers would spend 4.1% more in 2020 than they did in 2019. On April 3, however, when Florida's Governor shut down the state, the expectations of growth for many small business owners were replaced with fights for survival.

As the state prepares to reopen, Tampa area small businesses will learn that turning the lights back on and hanging out the welcome sign might not be enough to bring even the most loyal customers back.

Some customers will not return because of personal safety concerns. Other customers may have discovered alternative sources to purchase goods and services.

More likely, though, customers will not come back because a business has lost a valued parcel of real estate: the position at the top of a customer's mind. This is the place where purchase decisions are made.

There is a way to regain top-of-mind status. First, though, it's important to understand why a business can be forgotten so quickly. 

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Topics Frequency, small business, small business owner, top of mind, recall, best way to advertise, radio advertising, corona, coronavirus, covid19

Advertising On Tampa Television vs. Local Radio

Feb 24, 2020 11:54:30 AM / by Larry Julius

There is alarming news for small business owners who advertise on Tampa television stations: broadcast TV viewers are disappearing at an alarming rate.

Nielsen reports that halfway through the first quarter of this year, the number of people using television has dropped 7.5%. This compares to -6.3% in the fourth quarter of 2019, and -7.0% a year ago,

"If the trend holds, it would represent the largest quarterly decline for TV viewership in our data set," explains UBS analyst John C. Hodulikadding. "Trends have worsened across most age demos with persons 25-34 now falling -17% vs. low double-digit declines throughout 2019. The persons 55+ demo continues to trend down -2%, similar to 2019 (the first year of declining ratings for the demo)."

Radio listenership, on the other hand, has remained quite stable, according to Nielsen. Since 1970, the medium has reached more than 9-in-10 consumers every week.

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Topics Frequency, Television, small business, small business owner, Television Advertising, millennials, best way to advertise, reach, radio advertising, consumer spending, branding, generation Y, generation X, media usage

Proof: Advertising on Tampa Radio Creates Top Of Mind Awareness

Jun 4, 2019 7:30:00 AM / by Larry Julius

Tampa Bay consumers will spend $54.1 billion on goods and services over the next year. To claim a significant portion of those expenditures, small business owners need to be at the top of customers' minds when it comes time to buy.

Since 1922, when WDAE became the first radio station in Tampa, thousands of business owners knew, intuitively, that advertising on the medium was a potent way to be remembered when a purchase was imminent. 

Now there is proof that radio advertising creates the brand awareness necessary to drive sales.

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Topics Return On Investment, ROI, Real Estate, Advertising Frequency, Frequency, HVAC, small business, small business owner, top of mind, Streaming Audio, recall, best way to advertise, radio advertising, radio commercials, tampa radio, tampa radio stations, tampa small business owners, advertise in tampa bay, advertising in Tampa

10 Reasons A Tampa Bay Small Business Might Fail

May 20, 2019 7:40:00 AM / by Larry Julius

Some of the bravest people in Tampa Bay are small business owners.  These hearty entrepreneurs invest their passion, their hope, their time, and, of course, their money despite the odds.

According to the Small Business Administration (SBA), the good news is that 80% of small businesses make it through the first year. After that, though, only about half will make it to their fifth anniversary. Even fewer, 33% will keep their doors open for ten years.

CBInsights performed an analysis to determine the top ten reasons small business owners fail.  I have included the entire list. But, of particular importance, is reason #8, "poor marketing". This subject will be discussed in more detail because this is where advertising on Tampa radio stations can help business owners not to fail.

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Topics Return On Investment, ROI, Home Improvement, Frequency, small business, small business owner, top of mind, Bakery, recall, reach, radio advertising, tampa radio, tampa radio stations, tampa small business owners, retail stores, Hispanic radio, Spanish Radio

How To Choose The Best Tampa Radio Stations To Advertise On?

May 16, 2019 3:00:00 PM / by Larry Julius

There are many ways for Tampa Bay small business owners to advertise. Options include local newspapers, local magazines, local  television, and online. But to achieve the “3-Rs” of advertising success, Reach, Recall, and Return, no other medium delivers results as effectively and efficiently as advertising on Tampa radio.

"I didn't think radio advertising would work. I was not a believer," says David Perritt, Regional Operations Manager of Lakewood National Golf Club in Lakewood Ranch, Florida.

Mr. Perritt's opinion changed after he experimented with advertising on Tampa radio stations when the club first opened in January 2017.

"I have been extremely pleased with the results," he says. "The data shows just how successful radio has been working for us. Choosing the right Tampa radio stations was crucial."

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Topics Advertising Frequency, Frequency, small business, small business owner, best way to advertise, radio advertising, radio commercials, tampa radio, tampa radio stations, tampa small business owners

How Does A Tampa Bay Business Stay Top of Mind?

Apr 4, 2019 6:35:00 AM / by Larry Julius

It's a fact. Unless a consumer remembers your business when it comes time to buy, then it is likely they will purchase from someone else. Staying top of mind, therefore, is critical for every Tampa small business owner who wants to grab a share of the area's $54-billion retail market.

Advertising on Tampa radio provides local business owners with the most affordable way to move to the top of customers' minds. But, before discussing how to get remembered, we must understand why consumers forget.

Every second, Tampa Bay consumers are exposed to 11,000,000 pieces of data. A consumer's brain, however, is only capable of dealing with about 50 pieces of this data at a time. So, if my calculus is correct, a consumer forgets approximately 10,999,950 things every second.

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Topics Frequency, top of mind

Advertising on Tampa Radio Stations Delivers For Pizza Restaurant

Mar 26, 2019 3:31:30 PM / by Larry Julius

Hungry Howie's is the 12th largest chain of pizza restaurants in America based on sales volume. The company has 551 locations. Seventy-one of the stores are in the Tampa Bay area.

For the past 33 years, advertising on Tampa radio has helped Hungry Howie's grow from just 20 locations in the Tampa Bay area to 210 throughout the state.

"Our Florida locations outsell all of the other stores across the country," says Barry Devine, founder of Devine Advertising, a St. Petersburg based small business who has been responsible for Hungry Howie's marketing since 1986.

"The only thing we do differently here in Florida," says Mr. Devine, "is we use lots of radio advertising. Far more than the Hungry Howie's locations in other states."

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Topics Pizza, Restaurants, QSR, Frequency

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