Tampa Bay small business owners are fighting the coronavirus battles on multiple fronts. Their first objective is to keep their families and employees safe. Then, of course, there are the concerns of keeping their businesses healthy enough to survive current disruptions.
The business literature has an abundance of case studies showing how survival is often connected to a thoughtful communications and marketing strategy during challenging times.
Business owners need to let Tampa Bay consumers know if they are still open. If their hours have changed. Or if they are providing alternative shopping methods (e.g., delivery, curbside pick-up).
Most importantly, it is imperative consumers know that a business will still be there for them when the crisis is over.
For those owners who are depending on communication to preserve their business, the best option may be to advertise on Tampa radio.
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Return On Investment,
ROI,
Restaurants,
small business,
small business owner,
Television Advertising,
best way to advertise,
radio advertising,
retail stores,
facebook advertising,
newspaper advertising,
Retailer,
retail,
corona,
coronavirus,
covid19
Every so often, when a Tampa Bay small business owner advertises on a local radio station, it isn't successful.
There can be no debate, though, when implemented correctly, advertising on Tampa radio works, and works well.
"Last year," says Jon Polizzi, "our business grew 67%. The only thing we did differently was to add radio advertising into our marketing mix. I attribute most of our growth to what we have done on the radio."
Mr. Polizzi along with his brother have owned Electric Today, LLC since 2004. The company provides residential electrical and air conditioning repairs to customers in Hillsborough, Pinellas, and Manatee counties.
"We advertise on Tampa radio every week with very high repetition. Our return on investment (ROI) has been really good," say Mr. Polizzi. "I know if I can beat my name into someone's head enough times, they will know us when they need electrical or air conditioning repairs."
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radio advertising,
advertise on tampa radio,
advertising in Tampa,
advice,
effective radio commercials,
small business advertising
Suppose you woke up one morning and found a 100-year-old machine in your basement. You soon discovered that every time you put a dime in the machine, one dollar came out. How many dimes would you drop in that machine?
Good news for Tampa Bay small business owners: such a machine exists and you probably have one in your car, at work, at home, even on your phone. It's called local radio.
Over the past few years, Nielsen has conducted over 20 studies to determine what type of return-on-investment (ROI) a business can expect from radio advertising. Although the results varied by industry, the average company generated $100 in sales for ever $10 invested. Turning dimes into dollars.
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Return On Investment,
ROI,
best way to advertise,
radio advertising,
tampa radio,
tampa radio stations,
tampa small business owners,
advertise on tampa radio,
advertise in tampa bay,
advertising in Tampa
There are two reasons why advertising on Tampa radio stations is more effective than advertising on TV.
The first reason is reach. In a study conducted by Nielsen, the number of consumers who are exposed to a commercial contributes profoundly to the number of sales it will create. This is discussed in depth in the free eBook, "Seven Steps For Advertising Successfully In Tampa Bay."
Among all media available to Tampa Bay business owners, radio offers the biggest reach.
The second reason why radio advertising is so powerful has been revealed in a new study Mindshare, an advertising agency that buys media for some of the most successful companies in the world including General Mills, Nestlé, Domino's, IBM, Rolex, and John Deere. The Mindshare study indicates that when a brand tells a story using audio media, it elicits a 21% higher emotional intensity than the same story told using visual media.
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Topics
Return On Investment,
ROI,
small business,
small business owner,
Television Advertising,
best way to advertise,
radio advertising,
radio commercials,
tampa radio,
tampa radio stations,
tampa small business owners,
advertise on tampa radio,
advertise in tampa bay,
advertising in Tampa
Radio advertising is processed by the brain profoundly faster than visual advertising. This is valuable news for Tampa Bay business owners who depend on advertising to market their goods and services.
Local consumers can recognize the first few notes of Jingle Bells five times faster than they can identify a picture of Santa Claus. That's because it takes the human brain 5/100th of a second to process sound. On the other hand, it takes a full quarter of a second to process visual stimuli.
This difference in processing time may seem inconsequential. But, for a business owner who is fighting to inject her advertising message into the mind of a potential customer, that .20-second gap can be the difference between success and failure.
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Topics
Return On Investment,
ROI,
small business,
small business owner,
top of mind,
Television Advertising,
recall,
best way to advertise,
radio advertising,
radio commercials,
tampa radio,
tampa radio stations,
tampa small business owners,
brand building,
advertise on tampa radio,
advertise in tampa bay,
advertising in Tampa
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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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
Everybody in Tampa Bay used to watch TV. Commercials and all. But, as media options proliferate, viewers are fleeing. This is not good news for television advertisers.
Last week, for instance, according to Nielsen, only 79% of Tampa Bay consumers watched broadcast television. To put this in perspective, 90% tuned-in to their favorite Tampa radio stations.
Compared to two years ago, according to Nielsen, the C3 rating for CBS, NBC, ABC, and Fox have plummeted by 27%, especially among 18-49 viewers.
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Return On Investment,
ROI,
Advertising Frequency,
TV,
Television,
small business,
small business owner,
Cable TV,
Television Advertising,
store traffic,
best way to advertise,
radio advertising,
radio commercials,
tampa radio,
tampa radio stations,
tampa small business owners
The ten most memorable brands in America have something in common. They each advertise on Tampa radio stations.
According to the YouGov Brand Index, the brands whose commercials generate the highest awareness are Geico, McDonald's, Verizon, AT&T, Walmart, Subway, Direct TV, T-Mobile, Progressive, and Walgreen’s.
If you were one of the 2,193,604 people who tuned into a Tampa Bay radio station last week, then chances are you heard the ads for these brands. All ten are among the biggest users of radio advertising.
Here's what Tampa Bay business owners need to know about creating a memorable brand for their own companies using Tampa radio stations.
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Topics
Return On Investment,
ROI,
Advertising Frequency,
small business,
small business owner,
top of mind,
store traffic,
recall,
best way to advertise,
radio advertising,
tampa radio,
tampa radio stations,
tampa small business owners,
brand building
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
Just about every adult in Tampa Bay spent, on average, 15 hours last week listening to the radio. As a matter of fact, more people tuned-in to their favorite Tampa radio station than watched TV; read a newspaper, or logged-on to Pandora and Spotify.
"Sure," a St. Petersburg small business owner says. "People are still tuning-in to local radio stations, but do they switch stations when my commercial comes on?"
Not to worry. Unlike TV, which makes avoiding commercials a breeze, there is no ad-skipping technology for radio. As a result, a study by Nielsen reveals that 93% of radio listeners stick around for the ads.
This raises the question: Consumers are not button-pushing during radio commercials, but are they paying attention to the content of the advertising? Research says YES.
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Topics
Return On Investment,
ROI,
small business owner,
best way to advertise,
radio advertising,
radio commercials,
tampa radio,
tampa radio stations,
tampa small business owners,
retail stores