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Fayetteville Retail Boom: How Your Small Business Can Benefit

Feb 28, 2020 4:12:33 PM / by Larry Julius

Retailers in the Fayetteville area rang-up $8,527,802,000 in retail sales last year, according to Nielsen. But wait. It's about to get better.

The National Retail Federation forecasts that in 2020, sales will increase by as much as 4.1%. This will create another $349 million for local small business owners.  

“The economy is growing at a more modest pace, but the underlying economic fundamentals remain in place and are positive,” stated NRF chief economist Jack Kleinhenz. “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.

To claim a fair share of this enlarged pool of spending will require Fayetteville small business owners to advertise.

“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.”  

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Topics reach, millennials, Pandora, Spotify, retail, small business, store traffic, small business owner, best way to advertise, digital advertising, facebook, newspaper advertising, online advertising, consumer spending, radio advertising, television advertising, retail sales

Advertising on Fayetteville Area Television vs. Local Radio

Feb 25, 2020 10:06:22 AM / by Larry Julius

There is alarming news for small business owners who advertise on Fayetteville area television stations: broadcast TV viewers are disappearing at a rapid pace.

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 branding, frequency, reach, millennials, television, small business, small business owner, best way to advertise, radio advertising, television advertising, reach & frequency, generation x, generation y

Best Way To Reach Millennial Parents In Fayetteville

Feb 15, 2020 11:43:49 AM / by Larry Julius

How quickly the millennials have grown up.

According to Nielsen, 71% of all Fayetteville area parents with children under the age of 18 are millennials.  

From the time their kids are born until they reach they are 17, these young parents will, spend, on average, $233,000 per child. This does not include the cost of college.

Currently, there are 114,779 children under the age of 18 living in the Fayetteville metro area. That means the local parenting economy is worth upwards of $26 billion. These dollars are being spent, among other things, on diapers, daycare, transportation, toys, education, electronics, clothing, and health care.

For local small business owners interested in competing for a substantial portion of this multi-billion dollar pool of parental cash, they must advertise to millennial moms and dads. By almost any measurement, advertising on Fayetteville radio is the best way to reach this audience.

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Topics millennials, small business, small business owner, best way to advertise, digital advertising, newspaper advertising, online advertising, consumer spending, social media advertising, radio advertising, television advertising, children, millennial parents

How To Advertise Insurance Products In Fayetteville

Jan 25, 2020 10:54:07 AM / by Larry Julius

If you were one of the 288,946 consumers who tuned-in to a Fayetteville radio station last week, then chances are you heard at least one commercial from GEICO, Progressive, or Liberty Mutual. That's because insurance is big business in Fayetteville.

Each year, Fayetteville consumers spend $560-million to insure their homes and cars. That's almost $1500 for every area adult.

There is good news and bad news for the 724 local insurance agents who are competing to earn a substantial share of the home and auto premiums consumers are paying.

According to Nielsen, 27,000 policyholders in Fayetteville are planning to switch insurance providers during the next 12 months.

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Topics millennials, small business, small business owner, best way to advertise, radio advertising, insurance agents, new home buyers, insurance, insurance agency, home buyers, automotive, car insurance

Do Teens Listen To Fayetteville Radio Stations? Yes!

Jun 10, 2019 6:50:00 AM / by Larry Julius

Marketers call them Generation Z.  Fayetteville small business owners call them teenagers.  Whatever 12-17 years old are called, they live in homes cluttered with video games, smartphones, and tablets. They have easy access to Snapchat, YouTube, Instagram, and hundreds of other apps their parents have never heard of.

What may come as a surprise to many local business owners, despite the abundance of options for teens, Fayetteville radio stations dominate their media consumption.

Last week, according to Nielsen, 29,200 teens tuned-in to Fayetteville radio. On average, each of these listeners spent 90 minutes a day.

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Topics audience profile, millennials, small business, Radio Listener Profile, radio effectiveness, chosing the best radio station, small business owner, advertise in fayetteville, fayetteville radio stations, fayetteville small business owners, generation z, teenagers, teens, best way to advertise

Do Millennials Listen To Fayetteville Radio? Business Owners Ask.

Feb 7, 2019 6:53:51 AM / by Larry Julius

It's time to set some misguided Fayetteville small business owners straight.  When we say everybody listens to Fayetteville radio, we mean EVERYBODY.  Generations X, Y, and Z. Boomers, And, yes, millennials.

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Topics millennials

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