Each week according to Nielsen, 2.2 million consumers tune in to a Tampa radio station. This is significantly more adults than watch local TV stations, cable, or streaming video. It is more than browse social media. It is more than listen to streaming audio services or podcasts. It is more than read local newspapers.
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There are two traits Tampa Bay radio listeners have in common. First, they are very loyal to their favorites, tuning-in to, on average, only 2.8 different stations each week.
Second, and of particular importance to Tampa Bay small business owners, radio listeners are returning to 'normal' at a faster rate than the general population after more than two years of pandemic.
Since the onset of the COVID-19 crisis, Nielsen has been measuring consumer sentiment in regard to normal behaviors. In a survey conducted in March of this year, 83% of adults say they are "ready to go and feel life is becoming more normal". This is up dramatically from the same time last year.
The Nielsen research also shows a sharp increase in 'normal' weekly consumer activities now versus the peak of the pandemic.
For local small business owners interested in marketing their goods and services as consumer activity returns to 'normal', the Nielsen survey indicates that advertising on Tampa Bay radio may be the best choice.
Among the normal weekly activities mentioned above, radio listeners are significantly more likely to be participating than the general population.
The normalization of retail activities is expected to propel local spending to record levels this year.
Tampa Bay area consumers are expected to spend close to $51.3 billion at retail in 2022, based on per capita spending estimates from the National Retail Federation (NRF). This would be an eight percent increase versus 2021.
To capture a meaningful share of these expanding retail dollars, Tampa Bay businesses need to consider advertising.
Over the past 100 years, Tampa Bay business owners have come to depend on the mammoth reach of radio among local shoppers to successfully market the goods and services they sell. Advertising on Tampa Bay radio has helped local companies to survive and thrive during world wars, natural disasters, recessions, depressions, inflation, and pandemics.
The current research discussed here indicates that advertising on Tampa Bay radio is still the best marketing option for local business owners.
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