In the 1930s, when WFNC-AM became the first radio station in Fayetteville, North Carolina, many considered the medium a fad. Even a 1937, a hit song by George Gershwin, Our Love Is Here To Stay, proclaimed radio to be a "passing fancy and in time may go".
Fayetteville radio, however, has survived the advent of talking-movies, television, eight tracks, and cassettes in stereo. More recently, radio has withstood a tsunami of digital options including, YouTube, SiriusXM, Pandora, and Spotify.
As the Coronavirus pandemic rolls over into a second year, Fayetteville radio has hung tough and not ceded its ground despite listener's shifting lifestyles. This is crucial news for local small business owners who depend on local stations to market their goods and services.
Read More
Topics
reach,
roi,
return on investment,
Radio Listener Profile,
best way to advertise,
in-car audio,
in-car listening,
coronavirus,
corona,
covid 19,
advertising reach,
pandemic,
radio listening,
listening location,
time spent listening,
commuting
There are over 349,000 adult consumers in the Fayetteville area. Collectively, in a typical year, these shoppers would generate $8.5 billion in retail sales. This money would be spent on cars, shoes, fast-food, entertainment, groceries, mattresses, adult beverages, haircuts, makeup, and an over-abundance of other of goods and services. Their money was being spent on both the essential and the frivolous.
The way Fayetteville consumers spend money changed radically in March as COVID-19 began to spread. Six months into the pandemic, shopping strategies are about to change again.
It started with panic buying. Consumers began ignoring prices and were paying what was ever necessary to ensure the safety, health, and comfort of their families. According to Nielsen, this sudden spike in demand caused widespread price increases. To put it in perspective, retail prices shot-up in 64% of all product categories stocked in grocery stores.
Almost immediately, advertising messages from local retailers shifted from promises of low prices and convenience to product availability and shopper safety.
Based on new research from Nielsen, consumers' shopping strategies are beginning to shift again. This will require Fayetteville small business owners and retailers to also change their advertising strategies, too.
Read More
Topics
Retailer,
roi,
return on investment,
small business,
small business owner,
fayetteville small business owners,
retail sales,
retail stores,
coronavirus,
corona,
covid 19,
small business marketing,
retail traffic,
retail store traffic,
small business advertising,
pandemic
Before COVID-19, most listening to Fayetteville radio happened outside the home. Consumers were tuning-in to their favorite stations from the car on the way to their job. Then, they tuned-in when they arrived at work. They listened again during the commute back home.
Nielsen recently surveyed consumers who worked from home before and during the novel coronavirus outbreak. The results show, as of June, 66% of respondents now work from home full-time as a consequence of the pandemic.
As consumers are compelled to work from their houses and curtail their commutes, the share of at-home listening to Fayetteville radio has grown by 27%, according to Nielsen.
Read More
Topics
best way to advertise,
effective radio advertising,
radio advertising,
coronavirus,
corona,
covid 19,
advertise on radio,
pandemic,
radio listening,
listening location,
time spent listening,
work from home
During the Spring of this year, 243,400 adult radio-listeners spent 1.96 hours per day listening to their favorite Fayetteville stations, according to Nielsen. Although local consumers had spent fewer minutes listening at the onset of the pandemic, the current time tuned-in remains little change compared to a year ago.
Some advertising experts had predicted that as consumers spent more time at home because of COVID-19 concerns, the hours devoted to radio listening would decrease. That, however, was not the case.
In Spring of 2019, according to Nielsen, 32.1% of radio listening occurred at home. During July of this year, in-home listening jumped to 41%. Despite the reduction in out-of-home activities, though, consumers still spent the exact amount of time listening to Fayetteville radio.
Read More
Topics
Pandora,
Spotify,
small business,
small business owner,
Sirius/XM,
fayetteville small business owners,
best way to advertise,
effective radio advertising,
radio advertising,
coronavirus,
corona,
covid 19,
small business marketing,
advertise on radio,
small business advertising,
podcasts,
pandemic
At the dawn of 2020, Fayetteville small business owners were expecting the area's retail economy to expand by 4.1%. This optimism was stoked by the National Retail Federation's chief economist who said, "Consumers remain upbeat and have the confidence to spend, and the steady wage growth that has come with the strong job market is fueling their spending. The state of the consumer is very healthy."
By February, however, the country entered into a COVID-19 induced recession. Then, to slow the spread of the pandemic, on March 30, the Governor of North Carolina locked the state down. This brought the Fayetteville area's $8.1 billion retail economy to a standstill.
As stores, restaurants, and offices in the Fayetteville area begin to re-open, consumers' appetite for spending is returning. According to Nielsen, loyal radio listeners are very likely to be first in line at the cash registers.
Read More
Topics
Retailer,
retail,
small business,
small business owner,
best way to advertise,
consumer spending,
radio advertising,
automotive,
retail sales,
retail stores,
coronavirus,
corona,
covid 19,
reopen,
retail traffic,
advertise on radio,
retail store traffic,
recovery
To slow the spread of COVID-19, the Governor of North Carolina shut down all but the most essential businesses in the state on March 30. This public safety measure inflicted a severe disruption to the Fayetteville area's $8.1 billion retail economy.
As local small business owners prepare to reopen, each must concentrate on supercharging their cash flows to compensate for weeks of consumer abstinence. Turning the lights back on and hanging out a welcome sign might not be enough, though, to bring even the most loyal customers back.
Some customers may not return because of personal safety concerns. Other customers may have discovered alternative sources to purchase goods and services.
But, there is one thing every North Carolina small business owner can be assured of. Consumers will not return if they aren't aware that a business has reopened.
Advertising is a potent tactic for any Fayetteville small business that needs to reintroduce itself to local consumers.
“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.”
Read More
Topics
Retailer,
retail,
small business,
store traffic,
small business owner,
best way to advertise,
radio advertising,
retail sales,
retail stores,
coronavirus,
corona,
covid 19,
crisis marketing,
reopen
COVID-19 has had a profound effect on cash register receipts in Fayetteville. Every day small business owners from Spring Lake to Hope Mills are being challenged by the pandemic induced recession.
Just yesterday, for instance, the US Commerce Department announced that April retail sales were down by 20% vs. the same month last year. This is sure to take a massive bite out of the $8.1 billion in annual consumer spending Fayetteville area businesses had been expecting in 2020.
“April was the cruelest month,” Craig Johnson, president of Customer Growth Partners, told the Wall Street Journal. "Retail spending likely bottomed out in the first week of May with spending picking up due to Mother’s Day and gradual state reopenings.
“It’s going to be less worse with each month,” said Mr. Johnson, “as people slowly come out of the foxhole and enter the mainstream of American consumerism.”
The ability of a North Carolina small business to survive past the lockdowns will depend on the steps it takes now.
WARC, a company that collaborates with more than 50 respected marketing organizations, including the Advertising Research Foundation and the Association of National Advertisers, has identified ten tactics that businesses should implement immediately. The #2 step on this list: Keep advertising if you can.
Read More
Topics
small business,
small business owner,
best way to advertise,
recession,
coronavirus,
corona,
covid 19,
crisis marketing,
WARC
Business was booming in Fayetteville. Then it was not.
Before the chaos brought on by Coronavirus, it had been predicted, based on estimates from the National Retail Federation, Fayetteville area consumers would spend 4.1% more in 2020 than they did in 2019. On March 30, however, when North Carolina'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, Fayetteville 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.
Read More
Topics
frequency,
recall,
top of mind awareness,
small business,
small business owner,
best way to advertise,
radio advertising,
coronavirus,
corona,
covid 19,
recency
For Fayetteville small business owners, marketing and advertising are crucial to surviving any crisis, including Coronavirus. The business literature has an abundance of case studies from depressions, recessions, natural disasters, and, yes, pandemics that affirm this existential conclusion.
Advertising, however, may seem extravagant right now to North Carolina businesses that are struggling to make rent, purchase inventory, and meet payroll. Henry Ford, though, is often quoted as saying, "Stopping advertising to save money is like stopping a clock to save time."
Therefore, as business owners from Lumberton to Dunn (and every point in between) are cinching their belts tighter-than-ever to stay alive, the dollars invested in advertising must be spent in the most effective manner possible.
During periods of uncertainty, advertising works the hardest when placed in within media that consumers trust. During the time of COVID-19, advertising on Fayetteville radio has earned that trust among local consumers.
Read More
Topics
reach,
recall,
trust,
small business,
small business owner,
best way to advertise,
recession,
radio advertising,
coronavirus,
corona,
covid 19,
crisis marketing,
context
Since the onset of the Coronavirus crisis, consumers are not flocking into the showrooms, storefronts, offices, or dining rooms of Fayetteville small business owners. It turns out, though, social distancing has not proven to be an impediment to shopping.
North Carolina consumers are still spending money despite the chaos imposed by the pandemic, according to Gordon Borrell, CEO of Borrell & Associates. His company specializes in the collection of marketing data from business owners across the country.
"During depressions, recessions, floods, hurricane, earthquakes, fires, and, now, pandemics, commerce goes on," Mr. Borell told members of Fayetteville's small business community during a recent teleconference.
To prove his point, he shared research from IBISworld which, indicates spending continues despite a plunge in consumer confidence.
Read More
Topics
small business,
Website Traffic,
attribution,
small business owner,
online advertising,
consumer spending,
radio advertising,
coronavirus,
corona,
covid 19,
web traffic,
website visitors,
e-commerce
The chaos created in Fayetteville 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 Fayetteville, 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 Fayetteville 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 North Carolina small business owners who are depending on advertising for their long-term survival.
Read More
Topics
Streaming Audio,
Pandora,
Spotify,
small business,
small business owner,
best way to advertise,
digital advertising,
newspaper advertising,
online advertising,
social media advertising,
radio advertising,
television advertising,
coronavirus,
corona,
covid 19,
crisis marketing,
small business marketing
In 'normal' times, Fayetteville consumers would be expected to rack up $54 billion in annual retail sales. Of course, since the onset of the Coronavirus crisis, nothing has been normal.
But as Gordon Borrell, CEO of Borrell Associates, explained to members of the Fayetteville area small business community via teleconference, consumers are still spending. This, it turns out, is normal.
Mr. Borrell shared research from Ibis that demonstrates during every type of crisis, including depressions, recessions, floods, hurricanes, earthquakes, fires, and, now, pandemics, consumers still spend.
The business literature contains an abundance of examples of how continuing to market and advertise during an economic crisis can help a company survive and emerge from the episode even stronger than before.
Fayetteville small business owners who do continue to advertise and market, however, should consider modifying their pre-crisis strategy.
Read More
Topics
small business,
small business owner,
best way to advertise,
radio advertising,
coronavirus,
corona,
covid 19,
crisis marketing,
small business marketing,
borrell associates
Last week, Gordon Borrell, CEO of Borrell Associates, shared insights with Fayetteville small business owners on the value of marketing to consumers during a crisis. A video replay of the teleconference is available by clicking here.
Mr. Borrell is the CEO of Borrell Associates. His company is one of the most trusted sources of trends and forecasts for local media today.
According to Mr. Borrell, despite social distancing and economic jitters induced by the Coronavirus chaos, consumers are still spending money.
He points to research from Ibis that consumer consumption continues in almost every crisis, including depressions, recessions, floods, hurricanes, earthquakes, fires, and, now, pandemic.
Read More
Topics
retail,
small business,
small business owner,
best way to advertise,
radio advertising,
coronavirus,
corona,
covid 19,
crisis marketing,
small business marketing,
borrell associates
In a typical week, 289,000 adult consumers tune-in to Fayetteville radio stations. But, since the onset of the Coronavirus, the weeks have not been typical.
Before social-distancing and work-from-home orders, 197,000 Fayetteville consumers would drive to-and-from work each day. More than 97% of these commuters could be reached by radio.
North Carolina small business owners who depend on radio advertising to market their goods and services, therefore, might be concerned that the disruption in commuting patterns could depress the amount of time consumers spend with local radio.
According to market research, however, radio listening remains an important part of the daily life of consumers. Even amid the current chaos.
Read More
Topics
retail,
small business,
small business owner,
best way to advertise,
radio advertising,
coronavirus,
corona,
covid 19,
crisis marketing
Fayetteville 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 North Carolina 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 Fayetteville radio.
Read More
Topics
roi,
return on investment,
Streaming Audio,
retail,
small business,
small business owner,
best way to advertise,
newspaper advertising,
social media advertising,
radio advertising,
television advertising,
retail stores,
facebook advertising,
coronavirus,
corona,
restaurants,
covid 19