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Larry Julius


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Advertising To Furniture Shoppers In Fayetteville

Jan 16, 2020 10:54:00 AM / by Larry Julius

Low unemployment, a boom in housing starts, and confident consumers are propelling robust sales for Fayetteville furniture stores.

In 2019, local consumers in the Fayetteville area spent $173 million on furniture and home furnishing. This number is expected to grow.

Based on estimates developed by Furniture Today’s Strategic Insights team and Easy Analytic Software Inc. (EASI), the total furniture and bedding market is projected to expand by more than 22% by 2024.

If a Fayetteville small business owner who sells furniture, furnishings, or home decor would like to grab a larger share of this expanding market, then advertising is necessary.  By almost every key metric, advertising on local radio is a sound marketing investment.

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Topics small business, small business owner, digital advertising, facebook, newspaper advertising, online advertising, mattress, furniture, social media advertising, radio advertising, television advertising, new home buyers, real estate

Advertising on Fayetteville Radio: 5 Facts To Know

Jan 9, 2020 12:07:26 PM / by Larry Julius

Small business owners have been advertising on Fayetteville radio since the first station, WBT, 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  Fayetteville businesses finalize their marketing plans for this year, here are five facts they should know about radio advertising.

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Topics Pandora, Spotify, small business, small business owner, best way to advertise, digital advertising, facebook, newspaper advertising, online advertising, social media advertising, radio advertising, television advertising

Best Way To Advertise Pizza Restaurants In Fayetteville

Jan 4, 2020 9:03:32 AM / by Larry Julius

Fayetteville consumers cannot get enough pizza.

In 2012, there were just 135 local pizza restaurants. Today, however, that number has grown to 146. In 2019, these establishments racked up $68,640,726 in total sales.

Fifty-nine percent of pizza sales in the Fayetteville area 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 Fayetteville 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 Fayetteville area small business advertise consistently.  

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Topics Streaming Audio, small business, small business owner, internet advertising, newspaper advertising, restaurant advertising, online advertising, social media advertising, radio advertising, television advertising, restaurant marketing

How to Build Larger Share of Home Improvement Spending In Fayetteville

Dec 31, 2019 9:01:41 AM / by Larry Julius

Consumers in Fayetteville spent a record $503-million 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 Fayetteville 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 Streaming Audio, small business, small business owner, best way to advertise, digital advertising, newspaper advertising, online advertising, consumer spending, radio advertising, television advertising, home improvement, remodeling

Employment Advertising: Find 97% Of Qualified Candidates In Fayetteville

Dec 19, 2019 2:31:00 PM / by Larry Julius

Fayetteville area small business owners need employees...desperately.

According to a report from the National Federation of Independent Business, 26% of small business owners say finding qualified workers is their number one problem. 

The report goes on to say that 88% of small business owners looking to hire new employees are finding there are no qualified candidates.

The historically low unemployment figures in Fayetteville appears to be the root cause of local hiring woes. The metro area's jobless rate stands at 4.8%. There are just not enough qualified workers to go around.

Most small business owners have exhausted the traditional methods of recruitment. These include online job board posts, newspaper ads, referral bonuses, and help wanted signs. All to no avail.

To successfully attract the qualified applicants they yearn for, local small business owners need to command the attention of 'passive' job seekers. The number one source for these candidates is Fayetteville radio.

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Topics recruitment advertising, Pandora, Spotify, small business, small business owner, digital advertising, facebook, newspaper advertising, online advertising, social media advertising, radio advertising, television advertising, employment advertising

How To Reach Valentine's Day Shoppers In Fayetteville

Dec 17, 2019 3:25:58 PM / by Larry Julius

For Fayetteville small business owners who depend on Valentine's Day to spike first-quarter sales, this year could prove to be a battle as the decline in celebrants is expected to continue.

Based on estimates from the National Retail Federation, 197,000 Fayetteville consumers will be participating in the holiday this year. This is 20% fewer than ten years ago.

There is good news, however, for local  business owners. Although there are will be fewer customers, local Valentine's Day spending is expected to grow to $32.1-million. This is 28% higher than a decade ago.

So, how does a Fayetteville retailer or restaurant win the battle for the hearts and wallets of romantic consumers?  Advertising is a necessary weapon to win this war.

No weapon is as potent as advertising on Fayetteville radio.

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Topics Valentine's Day, small business, small business owner, best way to advertise, digital advertising, newspaper advertising, online advertising, consumer spending, social media advertising, radio advertising, television advertising

Advertising In Fayetteville: Reaching Savers and Investors

Dec 13, 2019 4:47:02 PM / by Larry Julius

When Fayetteville consumers make their New Year's resolutions, many will have money on their minds.

A new study by Fidelity Investments finds that 67% of adults are considering a financial resolution for 2020. This is 10% more than last year.

The top financial resolution, among those considering one is, 'saving more'. The study found that, when asked to choose, a vast majority of consumers would rather save $5000 than lose five pounds.

This fervor for finance is excellent news for Fayetteville small business owners who cater to savers and investors. This includes financial advisors, insurance agents, bankers, accountants, and mortgage brokers.

To compete for a fair share of these resolution dollars requires business owners to advertise. By any metric, the best way to reach potential savers and investors is on Fayetteville radio.

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Topics small business, small business owner, best way to advertise, digital advertising, online advertising, consumer spending, social media advertising, radio advertising, television advertising, financial planners, financial services, insurance agents, stockbrokers, accountants

Market To African American Consumers In Fayetteville

Dec 11, 2019 7:49:00 AM / by Larry Julius

The buying power of Black consumers in the Fayetteville area is now $3.7 billion. Over the past 19 years, according to Nielsen, the pace of spending by African Americans has grown 28% faster than by White consumers.

If a local small business owner would like to earn a larger share of this spending, the best place to start is with advertising.

"For African American consumers, advertising of all types is an important touchpoint in their shopping journey," says a recent study by Nielsen. "African American consumers are more likely than the total population to agree that advertising provides them with meaningful information about the product use of other consumers."

"African Americans are avid media consumers, across multiple media channels, which gives advertisers ample opportunities to connect with them."

The best advertising medium, though, for small business owners to reach local African American consumers is on Fayetteville radio.

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Topics small business, small business owner, best way to advertise, facebook, instagram, newspaper advertising, consumer spending, social media advertising, radio advertising, television advertising, african american consumers, black consumers

Fayetteville Business Advice: Top 10 Advertising Articles Of 2019

Dec 6, 2019 6:01:11 PM / by Larry Julius

Small business owners in the Fayetteville area must advertise to claim a fair share of the $8.5 billion retail economy.

“Think you have a great product?” asks the U.S. Small Business Administration. “Unfortunately, no one’s going to know about it unless you advertise.”  The SBA goes on to say, “Advertising, if done correctly, can do wonders for your sales, and you know what that means: more revenue and more success for your business."

During 2019, many Fayetteville small business owners sought advertising guidance on the advice pages of www.AdvertiseInFayetteville.com. Below are the top ten most-read articles from the past 12 months.

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Topics Advice, Pandora, Spotify, small business, small business owner, best way to advertise, facebook, newspaper advertising, social media advertising, radio advertising, television advertising, effective advertising

Advertising In Fayetteville: The Value of Reaching College Graduates

Dec 4, 2019 10:55:27 AM / by Larry Julius

There's a reason many Fayetteville small business owners target their advertising towards consumers who have completed a four-year college degree. It's because, typically, university graduates earn $29,106 more per year than those with only a high school diploma, according to The Federal Reserve.

There are, according to Nielsen, 65,496 college graduates living in the Fayetteville area. In total, this population generates $5.1 billion in annual take-home pay. To tap into a similar pool of spending power, a marketer would need to reach 113,526 consumers who did not go beyond high school.

The number of people reached by a campaign is, generally, what determines the cost of advertising. So, for a Fayetteville small business owner operating on a tight marketing budget, spending can be kept in check by targeting those consumers with the most money to spend. In this case, college graduates.

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Topics small business, small business owner, advertise in fayetteville, best way to advertise, newspaper advertising, social media advertising, radio advertising, television advertising, college graduates, educated consumers

How To Buy Radio Advertising In Fayetteville On A Budget

Nov 26, 2019 6:33:00 AM / by Larry Julius

Over the next 12 months, Fayetteville area consumers are expected to spend $8.5 billion at retail.  To capture a larger share of this cash, small business owners in Cumberland and Robeson Counties should consider advertising.

The US Small Business Administration recommends that every Fayetteville small business advertise consistently.  “Think you have a great product?” asks the SBA. “Unfortunately, no one’s going to know about it unless you advertise.”  The SBA goes on to say, “Advertising, if done correctly, can do wonders for your product sales, and you know what that means: more revenue and more success for your business."

Local business owners have depended on radio advertising to market their goods and services since 1939. This was the year Wall Christian Ewing and Harry Layman put the first local station, WFNC, on the air.

Today, Fayetteville radio, by any key advertising metric, is still the best way for business owners to reach local consumers.

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Topics Co-op Advertising, commercial length, small business, time of day, best way to advertise, radio advertising, advertising on a budget, indexing, quality vs. quantity

The 5 Biggest Shopping Days: Is Your Fayetteville Business Ready?

Nov 21, 2019 1:45:00 PM / by Larry Julius

Attention Fayetteville small business owners. The five busiest shopping days of the year are imminent.

Based on data from the National Retail Federation, more than 251,000 Fayetteville consumers are likely to shop beginning on Thanksgiving Day through Cyber Monday.

“The tradition of Thanksgiving weekend holiday shopping has become a five-day event with consumers spending money in stores, supporting local small businesses, and online with their mobile devices and computers,” NRF President and CEO Matthew Shay said. “Even as people are starting to purchase gifts earlier in the season, consumers still enjoy finding good Thanksgiving deals and passing time shopping with family and friends over the long holiday weekend.”

Based on the NRF findings, here are the number of shoppers local business owners can expect on each of these five days:

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Topics Pandora, Spotify, best way to advertise, facebook, newspaper advertising, holiday shopping, christmas shopping, consumer spending, social media advertising, radio advertising, television advertising

Why Fayetteville Fitness Club Owners Must Advertise Now

Nov 19, 2019 3:26:02 PM / by Larry Julius

Almost 81,000 adult, Fayetteville consumers belong to a fitness club. These memberships bring in close to $150 million in sales to local gym owners.

January is critical for the small business owners that operate gyms in the Fayetteville area. According to the International Health, Racquet, and Sportsclub Association, this one month alone, accounts for 10.8% of annual membership sales. New Year's resolutions are the reason for this early year spike.

To capture a larger share of the $16.1 million local consumers  will spend on gym memberships in January, requires fitness center owners to advertise. The best way to do this is on Fayetteville radio. Here's why.

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Topics small business owner, best way to advertise, newspaper advertising, fayetteville radio, media options, social media advertising, radio advertising, television advertising, health club, fitness club, gym

What Is The Best Way To Reach Fayetteville Consumers?

Nov 16, 2019 3:01:00 PM / by Larry Julius

Ask any North Carolina small business owner how to measure the success of an advertising campaign. The answer will almost always 'sales.'

According to Nielsen research, the media-element of a campaign that has the most significant effect on sales is reach. This is the number of different people exposed to the advertiser's message.

There are more ways than ever to advertise. But, which of those options has the largest reach among Fayetteville consumers?

Doug Schoen, an advertising professional with 35 years of experience, writes in Forbes: "You wouldn’t know it from all the media coverage focused on streaming video and streaming music, but radio actually has the most reach among American media consumers. 93% of adults listen to the radio each week as compared to 87% who watch TV, a substantive difference."

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Topics Pandora, Spotify, retail, small business owner, advertise in fayetteville, best way to advertise, newspaper advertising, consumer spending, social media advertising, radio advertising, television advertising

Why Tax Preparation Services in Fayetteville Must Advertise

Nov 11, 2019 9:05:00 AM / by Larry Julius

By April 15th next year, 161,148 residents of Fayetteville will file a tax return.  More than 53% of these returns will be completed by the taxpayer themselves, either by hand or with the help of an online provider like Turbotax.

Every season, Fayetteville small business owners who specialize in tax preparation services lose customers to the do-it-yourself options.  This year, 75,519 local consumers will spend $14.5 million with professionals. But, based on the average cost of services, more than $16.6 million will stay in the wallets of the DIY crowd.

To clawback this enormous amount of money from the DIY market, Fayetteville's tax services will need to advertise the valuable benefits of using a professional.

The best advertising option for professional tax professionals is on Fayetteville radio stations. Here's why.

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Topics retail, advertise in fayetteville, fayetteville consumers, best way to advertise, consumer spending, media options, social media advertising, tax preparation services, radio advertising

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