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Lessons A Charlotte Business Can Learn From World's Biggest Advertiser

May 12, 2023 11:07:12 AM / by Larry Julius

There are 92,427 small businesses in the Charlotte-Concord-Gastonia, NC-SC Metro Area, according to the U.S. Census Bureau. Almost every one of these businesses is competing for a portion of the $56.2 billion of local retail spending expected to occur in 2023.*

To capture the largest share of this giant pool of consumer cash, Charlotte small business owners will need to consider advertising.

"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. Advertising, if done correctly, can do wonders for your sales., and you know what that means: more revenue and more success for your company."

One of the best ways to advertise in Charlotte may be on local radio, a fact not lost on the world's largest advertiser, Proctor & Gamble. Last year, P&G upped spending on the radio by 43% to $235 million, according to Vivvix (formerly Kantar Media), led by a big jump in local radio.

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Topics best way to advertise, radio advertising, reach, reach & frequency, advertise on radio, advertising reach, radio commercials, radio listening, advertising on radio, advertise on Charlotte radio, who listens to radio, advertising in Charlotte, am/fm radio

Valentine's Spending In Charlotte Expected To Grow 8.4% in 2023

Jan 25, 2023 3:45:34 PM / by Larry Julius

Charlotte business owners should brace for a sweet Valentine's Day in 2023.

Based on per capita spending forecasts from the National Retail Federation (NRF), Charlotte area consumers are expected to spend $226.8 million on their Valentines this year, 8.4% more than they did in 2022.

Overall, says the NRF, 52% of consumers plan to celebrate Valentine's day this year. On average, each celebrant will spend $192.80 on holiday gifts and outings. This is $17 more than last year.  Here is the most interesting part, though.

"While spending on significant others and family members is in line with last year, many consumers are looking to show appreciation for the other meaningful relationships in their lives," says the NRF. "Of the $17 increase in per-person spending, $14 comes from gifts for pets, friends, and co-workers, along with classmates or teachers."

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Topics radio advertising, valentine's day, roi, reach, return on investment, retail spending, retail, reach & frequency, retail sales, retail stores, retailer, advertise on radio, advertising reach, radio commercials, advertising ROI, advertise on Charlotte radio

Advertise In Charlotte: Top 5 Articles Of 2022

Dec 12, 2022 11:26:26 AM / by Larry Julius

For Charlotte area consumers, the past twelve months have been, to say the least, frenzied.  The year has been plagued with inflation, recession fears, coronavirus, mid-term elections, and geo-political drama. It seems, however, that these coinciding crises have not tempered consumer spending as local shoppers are on track to spend a record $42.9 billion at retail. 
 
What has changed during 2022, however, is how adults in the Charlotte area consume media and how local business owners are marketing their goods and services to these shoppers.
 
To research the changing consumer and media landscape in Charlotte, many local business owners have found the articles posted at www.AdvertiseInCharlotte.com helpful.  Below are the five most-read articles from that site during 2022:
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Topics radio advertising, online advertising, digital advertising, advertise on radio, advertise on Charlotte radio, internet, advertising options, internet advertising, advertising in Charlotte, 2022

Advertising On Charlotte Radio in 2022: Five Things to Know

Jul 20, 2022 8:39:36 AM / by Larry Julius

Local business owners have depended on Charlotte radio to market their goods and services since WBTthe city's first radio station, went on air in 1922. Despite the advent of new media and technologies since then, advertising on local radio stations is still the best way for the area's 92,427 small business owners to create and maintain customers.

Here are five facts every business owner should know about advertising on Charlotte radio in 2022.

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Topics best way to advertise, radio advertising, small business, small business owner, small business marketing, small business advertising, advertise on radio, radio commercials, radio listening, charlotte radio, advertising on radio, advertise on Charlotte radio, radio formats, who listens to radio, car radio, am/fm radio, online radio listening

Charlotte Radio Is The #1 Advertising-Supported Medium

Jul 6, 2022 3:32:45 PM / by Larry Julius

Local business owners have been advertising on Charlotte radio since WBT first signed-on in 1922.  But, back then, there were only two options for reaching a mass audience: newspapers and radio.

Today, though, advertisers have an over-abundance of marketing options both over-the-air and online. But every week, according to Nielsen, 1.5 million adults listen to a Charlotte radio station, giving the 101-year-old medium, by far, the biggest reach amongst local consumers.

A new report released last week by Nielsen underscores AM/FM radio's durable reach among all media.

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Topics radio advertising, reach, spotify, pandora, reach & frequency, streaming media, streaming audio, advertise on radio, advertising reach, sirius/xm, advertise on Charlotte radio, advertising options, apple, amazon

Advertise On Charlotte Radio? 5 Things Business Owners Get Wrong

Dec 30, 2021 1:47:27 PM / by Larry Julius

To ensure success, every Charlotte business owner needs to advertise.

"Think you have a great product?" asks the US 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 product sales, and you know what that means: more revenue and more success for your business.”

There are dozens of ways for local small business owners to advertise. By most metrics, the best way to advertise is on Charlotte radio. These measures of effectiveness, however, are often obscured by the glimmer and glitz of newer technologies. 

To help reduce the glare that often blinds business owners to the potency of advertising on Charlotte radio, here are the top five things many local business owners get wrong.

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Topics radio advertising, advertise on radio, radio commercials, first radio station in Charlotte, radio history, radio listening, charlotte radio, advertising on radio, advertise on Charlotte radio, radio formats, who listens to radio, car radio

Charlotte Radio Still Reaches More Consumers Than All Other Media

Dec 10, 2021 2:21:15 PM / by Larry Julius

When WBT-AM became Charlotte's first radio station in 1922, there was no Facebook, no Spectrum, no Sirius/XM, no Netflix, and no podcasts. It would be 27 years before there was even a local TV station.  Consequently, it was pretty easy for radio to become the number one reach medium among local consumers.

Over the past 99 years, Charlotte 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 Charlotte radio has helped North Carolina companies to survive and thrive during world wars, natural disasters, recessions, depressions, and even a pandemic.

Heading into 2022, local consumers have more media choices than ever before. But, despite the overabundance of social media, video streaming, audio streaming, cable, and other technological marvels, Charlotte radio is still the most used advertising medium.

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Topics best way to advertise, radio advertising, spotify, pandora, small business advertising, streaming media, streaming audio, advertise on radio, advertising reach, sirius/xm, podcasts, charlotte radio, advertise on Charlotte radio, advertising options, podcasting

Does Anyone Listen To Charlotte Radio At Night?

Mar 9, 2021 2:26:48 PM / by Larry Julius

Each week, according to Nielsen, more than 1.9 million adult consumers tune-in to a Charlotte radio station. This is significantly more than watch local TV or cable. More than stream video channels like Netflix or Hulu. More than read local newspapers. More than use Facebook or Instagram. More than listen to online audio services like Pandora and Spotify.

But almost everyone knows (including many who advertise on Charlotte radio) that consumers only listen to local radio stations during the day. Right? Wrong!

According to Nielsen, 49% of local consumers listen to Charlotte radio stations each week between 7:00pm and 12:00am. This is a larger audience than Pandora, Spotify, and Instagram combined reach during an entire week.

For Charlotte small business owners, radio's immense nighttime audience offers a unique value proposition.

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Topics small business, small business owner, time of day, small business marketing, small business advertising, advertise on radio, effective advertising, radio listening, advertise on Charlotte radio, night, prime-time

Advertising In Charlotte: Reaching Female Consumers

Feb 10, 2021 7:56:48 AM / by Larry Julius

There are 1,148,000 adult women in the Charlotte area. Based on research from the Harvard Business Review, as a consumer group, females account for 70-80 percent of all consumer purchasing through a combination of their buying power and influence.  According to Nielsen, this will amount to between $35.9 billion and $41 billion this year.

Overall, according to the Bureau of Labor Statistics and the US Census Bureau:

  • Single women across all income brackets spend, on average, $34,817 on goods and service
  • Working married women contribute over a third of their families’ incomes
  • Over a quarter (29.4%) of wives earned more than their husbands in 2018, an increase from 15.9% in 1981.

Furthermore, according to research published by Forbes:

  • The top homebuyers after married couples are single women (18%, double the percentage for single men at 9%).
  • Women are 50% more likely than men to regularly watch online how-to videos.
  • 94% of women between the ages of 15-35 spend over an hour per day shopping online.
  • 70% of travel consumers are women.
  • 85% of women say that if they like a brand, they will remain loyal to it.

For Charlotte small business owners to successfully capture a meaningful share of the local female economy requires advertising.

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Topics best way to advertise, small business, small business owner, small business marketing, small business advertising, advertise on radio, working mothers, advertise on Charlotte radio, advertise to women, market to women, moms

Advertising In Charlotte: Drivers Turn Up The Radio

Jan 20, 2021 1:33:57 PM / by Larry Julius

Local radio came to Charlotte on March 18, 1922. That's when the Federal Radio Commission granted a license to the Southern Radio Corporation with the randomly assigned call sign, WBT.

From that day, many predicted radio's success would succumb to advances from new technologies. In 1927, the challenge came from talking movies. In the 1940s, the predators were 13-inch TV sets. In the 1970s, it was 8-track and cassette tapes. In the past 20 years, there was a multi-flank attack from iPods, Zunes, YouTube, Sirius, XM, Pandora, Spotify,

So far, all of these challengers have failed. Not even a pandemic has been able to remove radio as a vital force in the life of Charlotte consumers.

Every week, according to Nielsen, more adults tune-in to Charlotte radio than watch TV or cable. Use social media platforms like Facebook or Instagram. Read newspapers. Or, stream music from Pandora or Spotify.

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Topics best way to advertise, small business, small business owner, small business marketing, small business advertising, advertise on radio, vehicle traffic, in-car audio, radio listening, point of purchase, mobility, advertise on Charlotte radio

Small Business Advice: 5 Facts About Advertising On Charlotte Radio

Dec 17, 2020 8:32:07 AM / by Larry Julius

Local radio came to Charlotte on March 18, 1922. That's when the Federal Radio Commission granted a license to the Southern Radio Corporation with the randomly assigned call sign, WBT.

From studios located in the Realty Building located at the corner of Trade and Tryon, WBT began broadcasting music from phonograph records for two hours each day. The station's early broadcasts were heard by about 22,000 people using hand-built radio receivers.

For almost 100 years, small business owners have depended on local radio stations to successfully market their goods and services through depressions, recessions, wars, and natural disasters. Even now, during a pandemic, advertising on Charlotte radio remains a dependable way to make cash registers ring.

Here are five facts every Charlotte Small business owner needs to know about local radio in 2020.

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Topics best way to advertise, radio advertising, small business, small business owner, online advertising, small business marketing, small business advertising, advertise on radio, time spent listening, online shopping, advertise on Charlotte radio

Who's Spending Now? Charlotte Small Business Owners Ask.

Dec 4, 2020 2:40:03 PM / by Larry Julius

There are 676,000 adults in the Charlotte area who have earned a four-year college or postgraduate degree, according to research from Nielsen. A study from the Federal Reserve indicates that these educated consumers have been least affected by the economic consequences of the pandemic.

"While the labor market disruptions have affected workers in a wide set of industries and occupations, those without a college degree have experienced the most severe impact," say Mary C. Daly, Shelby R. Buckman, and Lily M. Seitelman authors of The Unequal Impact of COVID-19 in the Economic Letter published by the Federal Reserve of San Francisco.

Although the unemployment rate increased among consumers of every education level in late March when the Governors of North Carolina and South Carolina lockdown their states to slow the spread of the Coronavirus, the smallest increase was among those with bachelor or postgraduate degrees, according to the Bureau of Labor Statistics.

Seven months later, job recovery among those with college degrees is closer to pre-pandemic levels than consumers with lower levels of educational attainment.

Many small business owners have seen the correlation between advertising and survival during the economic crisis inflicted by the pandemic.  With precious few dollars to invest, it is crucial that every advertisement reaches consumers who have disposable income to buy. Right now, the most likely spenders are customers with college degrees.

By key advertising metrics, the best way to reach consumers with higher education is on Charlotte radio.

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Topics best way to advertise, radio advertising, small business, small business owner, small business marketing, small business advertising, advertise on radio, radio commercials, radio listening, charlotte radio, advertising on radio, college graduates, education

What Is The Best Way To Reach Online Shoppers In Charlotte?

Nov 17, 2020 9:48:05 AM / by Larry Julius

Charlotte shoppers are expected to spend a record $6.7 billion online in 2020, based on the most recent projections from eMarketer. This would represent year-over-year growth of 32.4%.

During the same period, according to eMarketer, receipts at brick-and-mortar stores have contracted by 3.2%.  Overall, excluding gas and auto sales, e-commerce will account for 20.6% of all retail sales this year.

The Coronavirus pandemic is credited with this seismic shift in shopping behavior as consumers continue to avoid stores and opt for online shopping.

“We’ve seen e-commerce accelerate in ways that didn’t seem possible last spring, given the extent of the economic crisis,” said Andrew Lipsman, eMarketer principal analyst at Insider Intelligence. “While much of the shift has been led by essential categories like grocery, there has been surprising strength in discretionary categories like consumer electronics and home furnishings that benefited from pandemic-driven lifestyle needs.”

Even before the onset of the pandemic, 80.8% of Charlotte consumers had bought goods online over the prior six months, according to Nielsen research. Purchases included clothing, health & beauty products, travel reservations, books, furniture, and groceries.

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Topics best way to advertise, radio advertising, online advertising, retail spending, retail, retail sales, retail stores, retailer, web traffic, website visitor, attrubution, e-commerce, advertise on radio, online shopping

Small Business Advertising In Charlotte: Consumers Ready To Spend

Nov 13, 2020 6:47:54 AM / by Larry Julius & Bob McCurdy

There is positive news for the 92,000 small businesses in the Charlotte-Concord-Gastonia, NC-SC metro area.  A majority of consumers say they are ready to start shopping again.

A lifestyle survey just released from Nielsen indicates 53% of Americans believe that despite the continuing pandemic, life is beginning to normalize, and they are likely to resume typical activities.  Nielsen refers to this majority as "Ready-To-Go".

According to the survey, Ready-To-Go consumers now perceive less risk, feel safer, and believe their cities are emerging from crisis.

The key takeaway for Charlotte small business owners is that Ready-To-Go consumers are significantly more likely to start shopping within 30 days than the total population.  These buyers, according to Nielsen, are looking to spend on home improvement, professional services, auto parts/repair, shopping, food & dining, and travel.

To capture a meaningful share of the money Ready-To-Go consumers will be spending requires local small business owners to advertise.  By almost every metric, advertising on Charlotte radio is the best advertising option.

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Topics consumer spending, radio advertising, small business, small business owner, roi, return on investment, small business marketing, small business advertising, retail spending, retail, retail sales, retail stores, retailer, advertise on radio, advertising ROI, consumer confidence

Banks and Credit Unions Reach ReFi Customers On Charlotte Radio

Sep 11, 2020 2:40:58 PM / by Larry Julius

There are approximately 335,000 households in the Charlotte area with existing mortgages, according to the US Census Bureau, American Housing Survey. The median amount owed on these homes is $123,000.

Yesterday, there was extraordinary news for many of these borrowers and for Charlotte area banks, credit unions, and mortgage companies

According to The Federal Home Loan Mortgage Corporation (Freddie Mac), mortgage rates have hit an all-time low of 2.86%.

 
With interest rates at this new level, 20 million American homeowners can now refinance their existing mortgage, according to Black Knight, a data analytics company specializing in homeownership life cycles. 
 
By refinancing an existing mortgage, a Charlotte area homeowner could considerably reduce the length of their loan or lower the amount 
of their monthly payments.
 
Local banks, credit unions, and mortgage companies create a great deal of revenue from refinancing. 
 
Generally, a lender can expect to earn two to five percent of the loan principal amount in closing costs, according to BankRate.com. For a $200,000 mortgage refinance, for example, closing costs could generate between $4000 and $10,000.
 
For local financial companies to claim a significant share of the expanding refi market requires advertising. By any metric, advertising on Charlotte radio is the most effective way to reach homeowners.
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Topics best way to advertise, radio advertising, homeowners, mortgage, mortgage rates, refinance, bank, mortgage broker, advertise on radio, credit unions, banks

Advertising In Charlotte: OTT & CTV Viewing Soars

Sep 4, 2020 2:46:01 PM / by Larry Julius

Advertising on Charlotte television and cable is becoming less attractive to local business owners as viewers rapidly defect to alternative video entertainment sources including, Netflix, YouTube, Hulu, Amazon and Disney+.

Collectively these streaming services are referred to as Over-The-Top Television (OTT) and Connected-TV (CTV). Viewers can only access this OTT and CTV content via smartphone, tablets, computers, smart-TVs, Amazon Fire Sticks, and Roku Sticks, Nielsen reports that 92.3% of Charlotte adults own at least one these devices. Furthermore, they are using them.

According to Nielsen, OTT and CTV networks now reach 43.4% of all Charlotte consumers every week.

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Topics best way to advertise, radio advertising, small business, small business owner, television advertising, small business marketing, small business advertising, OTT, streaming media, television, pay-tv, cable television, advertise on radio, CTV, streaming video

How Has Working From Home Affected Charlotte Radio?

Aug 24, 2020 6:45:00 AM / by Larry Julius

Before COVID-19, most listening to Charlotte 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 Charlotte radio has grown by 19%, according to Nielsen.

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Topics best way to advertise, radio advertising, corona, coronavirus, covid 19, advertise on radio, radio listening, pandemic, listening location, time spent listening, work from home

Advertising in Charlotte: The Radio Century

Aug 20, 2020 7:02:00 AM / by Larry Julius

Charlotte radio reaches more area adults every week than any other medium. During a typical seven-day period, according to Nielsen, 1.9 million local consumers tune-in to their favorite AM and FM stations. This is significantly more than those who watch broadcast television, subscribe to pay-TV, browse social media, read a newspaper, or stream music from Pandora and Spotify.

Radio's omnipresence in the life of Charlotte consumers is remarkable, considering today is the medium's 100th birthday.

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Topics best way to advertise, radio advertising, roi, reach, return on investment, advertise on radio, radio commercials, first radio station in Charlotte, radio history

What Is The Best Way To Reach Charlotte's 2.1 Million Consumers?

Aug 17, 2020 11:09:38 AM / by Larry Julius

Despite all of the media options available for small business owners to market their goods and services, advertising on Charlotte radio is still the best way to reach local consumers.

Adult consumers are spending 741 minutes per day consuming electronic media, according to a new study by Nielsen.  This is 7.8% more time than they spent last year and 11.2% more than in 2018.

The typical daily media diet consists of radio, live TV, time-shifted TV, DVD/Blue-ray devices, game consoles, internet-connected devices, as well as internet via computers, smartphone apps, and tablet apps.

According to Nielsen, despite all of these media options, local radio reaches the most consumers every week.

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Topics best way to advertise, radio advertising, small business, small business owner, roi, reach, return on investment, small business marketing, small business advertising, retail spending, retail, reach & frequency, retail sales, retail stores, retailer, advertise on radio, advertising reach, effective advertising

Advertising In Charlotte: Radio Listening Unchanged From Year Ago

Aug 10, 2020 7:01:00 AM / by Larry Julius

During July, 943,600 adult radio-listeners spent two hours per day listening to their favorite Charlotte radio stations, according to Nielsen. Although local consumers had spent fewer minutes listening at the onset of the pandemic, the current time tuned-in remains unchanged 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 July of 2019, according to Nielsen, 29.6% of radio listening occurred at home. During July of this year, in-home listening jumped to 35.2%. Despite the reduction in out-of-home activities, though, consumers still spent the exact amount of time listening to Charlotte radio.

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Topics best way to advertise, radio advertising, small business, small business owner, spotify, pandora, small business marketing, small business advertising, corona, coronavirus, covid 19, advertise on radio, sirius/xm, podcasts

Advertising On Charlotte Radio Reaches Pay-TV's Cord Cutters

Jul 30, 2020 2:10:23 PM / by Larry Julius

More than one-third of Charlotte area households are 'cord-cutters' or 'cord-nevers'. This means, they have fired their cable or satellite television providers or never subscribed at all. Instead, these consumers are choosing to find their video entertainment elsewhere.

The number of local homes that subscribe to pay-TV services began plummeting in 2013. New technologies has allowed viewers to bypass cable and satellite for more compelling content at lower prices. These cord-cutters now depend on services like Netflix, Hulu, Disney+, and Amazon Prime to fill their multiple screens.

For many years, Charlotte small business owners have been investing a significant portion of their advertising budgets into cable-TV.  The medium had proven to be a low-cost, high-reach alternative to buying commercial on over-the-air television stations. 

Now, because of cord-cutting, there are 748,000 adult consumers with unconnected TVs. This profoundly diminishes the value proposition of advertising with local cable systems.

There is a powerful and affordable solution, however, for small business owners to reach both the diminishing cable audience and the expanding number of cord-cutters.

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Topics best way to advertise, radio advertising, small business, small business owner, television advertising, small business marketing, small business advertising, television, pay-tv, cable television, advertise on radio, radio commercials, cord-cutter, cord-never, satellite TV

Charlotte Retailers Prepare For $288 Million Back-To-School Season

Jul 23, 2020 6:30:03 AM / by Larry Julius

Based on projections from the National Retail Federation, Charlotte area parents are expected to spend $288 million to equip K-12 kids for the upcoming school year. If so, then this shopping spree will be 29% bigger than last year's and the biggest take since 2012.

“By any measure, this is an unprecedented year with great uncertainty, including how students will get their education this fall whether they are in kindergarten or college,” NRF President and CEO Matthew Shay says.

“Most parents don’t know whether their children will be sitting in a classroom or in front of a computer in the dining room, or a combination of the two. But they do know the value of an education and are navigating uncertainty and unknowns so that students are prepared."

Along with pencils, paper, pens, and knapsacks, the NRF survey says 63 percent of K-12 families expect to buy computers and other electronics this year, up from 54% last year, and they expect to spend more at an average $274.44, up from $203.44 last year. The $71 difference accounts for the largest share of the overall increase in average spending of almost $93.

Also, because many parents are unsure if learning will take place at school or at home, back-to-school spending this year is expected to include home furnishings such as desks, chairs, and lamps.

To claim a meaningful share of this year's booming back-to-school economy, local retailers will need to advertise to let parents know that their stores are open, it is safe to shop, and the needed supplies are in stock.

By any metric, the best way to reach these parents is on Charlotte radio.

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Topics radio advertising, small business, small business owner, millennials, small business marketing, small business advertising, retail spending, retail, store traffic, retail sales, retail stores, retailer, advertise on radio, back to school, millennial parents

Drivers Hit The Road Taking Charlotte Radio Along For The Ride

Jul 21, 2020 9:35:48 AM / by Larry Julius

Car radios came to Charlotte in June of 1930. For just $120, about $1200 in present dollars, local drivers could install these early mobile devices into their Fords, Studebakers, Packards, and DeSotos, 

The first car radios were built by the Galvin Manufacturing Company of Chicago. They named their invention, and eventually their company, Motorola.

Today, more than 1.7 million car radios fill ears of area drivers with music, news, sports, and information. As a result, local radio reaches more consumers than all other media.

In a typical pre-COVID-19 week, according to Nielsen, 89% of adult consumers would tune-in to a Charlotte radio station. This is significantly more than were reached by local TV, cable, social media, newspaper, or streaming media sites Pandora and Spotify.

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Topics best way to advertise, radio advertising, small business, small business owner, small business marketing, small business advertising, advertise on radio, vehicle traffic, in-car audio

Advertising On Charlotte Radio: What Consumers Want To Hear

Jul 16, 2020 2:09:25 PM / by Larry Julius

If you were one of the 1.8 million adults who tuned-in to a Charlotte radio station last week, then no doubt you heard multiple commercials that included phrases like 'troubling times', 'uncertain times', 'unprecedented times', 'new normal', and 'we're in this together'. 

In March, as the pandemic began to disrupt consumers' lives, using these phrases was a powerful way for North Carolina small business owners to acknowledge the severity of the crisis and to exhibit empathy. But 120 days later, these words have become cliche and have lost potency.

A cliche, says the Oxford Dictionary, is "a phrase or opinion that is overused and betrays a lack of original thought." 

According to the Writing Center at The University of North Carolina, the dependence on cliches could create a harmful perception of a business that uses them. For instance, these overused phrases can make an advertiser's message seem boring. They can be perceived as vague. They can be interpreted to be a sign of laziness. They can also result in a lack of credibility. 

The words a Charlotte small business chooses for its advertising will have the most significant effect on sales. That's why eliminating cliches is critical.

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Topics radio advertising, small business, small business owner, small business marketing, small business advertising, advertise on radio, commercial length, write a commercial, writing a commercial, effective advertising, radio commercials, creative, scripts

Advertising In Charlotte: Consumers Will Pay More For Sustainable

Jul 14, 2020 7:01:00 AM / by Larry Julius

This year, according to Nielsen, 2.1 million Charlotte area consumers will spend $1.2 billion on eco-friendly goods and services. Sales for sustainable products have grown 20% since 2014, a trend expected to continue into 2021.

Tensie Whelan and Randi Kronthal-Sacco of the New York University Stern Center for Sustainable Business write in the Harvard Business Review, "Consumers are voting with their dollars against unsustainable brands. The legacy companies that will thrive are those that accept this shift and are willing to pivot.” 

For Charlotte small business owners who are skeptical that sustainability affects purchase decisions, retail analyst Stacey Widlitz provided this advice, recently, in Forbes.

"Retailers only need to look to IBM's recent study, in association with the National Retail Federation, to understand just how fast consumer priorities are changing," says Ms. Widlitz. "Findings from the study revealed nearly 60% of consumers surveyed are willing to change their shopping habits to reduce environmental impact. For the nearly 80% of respondents who said sustainability is important to them over 70% would pay a premium of 35% on average."

To compete for a share of consumers' spending on green goods and services requires local small business owners to advertise.

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Topics best way to advertise, radio advertising, small business, small business owner, millennials, small business marketing, small business advertising, retail spending, retail, retail sales, retail stores, retailer, advertise on radio, sustainable, green products, eco-friendly

Charlotte Furniture Retailers Expect A Post-Pandemic Rebound

Jul 9, 2020 4:15:12 PM / by Larry Julius

Before the onset of COVID-19, more than 420,00 Charlotte area households were planning to spend $794 million on furniture, according to Nielsen. Unfortunately, many of those plans were put on pause as consumers sheltered in place to help slow the spread of the virus.

A recent study by Elevate | SmithGeiger suggests that the fortunes of home furnishing retailers, however, are about to improve.

According to the study, 32% of consumers who had been planning to buy furniture will do so within three months of the pandemic easing. Fifty percent will do so within six months. The numbers for mattress shoppers are even stronger.

To capture a significant share of the post-pandemic sales of furniture and mattress will require retailers to advertise. The most effective way to reach the customers who are ready to buy is on Charlotte radio.

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Topics best way to advertise, radio advertising, small business, small business owner, small business marketing, small business advertising, retail spending, retail, furniture, retail sales, retail stores, retailer, advertise on radio, mattress

Political Advertising On Charlotte Radio Sways Voters

Jul 7, 2020 3:05:51 PM / by Larry Julius

There are more than 1.8 million registered voters in the Charlotte radio metro. Here is the number by county:

  • Anson, NC: 16,119
  • Cabarrus, NC: 141,766
  • Cleveland, NC: 63,751
  • Gaston, NC: 142,410
  • Iredell, NC: 122,498
  • Lincoln, NC: 58,579
  • Mecklenburg, NC: 656,499
  • Rowan, NC: 92,556
  • Stanly, NC: 41,315
  • Union, NC: 104,583
  • Chester, SC: 20,500
  • Lancaster, SC: 63,046
  • York, SC: 182,926

According to Nielsen, Charlotte radio reaches significantly more of these registered voters than all other media, including local television pay-TV, newspaper, social media platforms, and streaming audio sites like Pandora or Spotify.

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Topics best way to advertise, radio advertising, political advertising, issue advertising, advertise on radio, voters, registered voters, candidate advertising, election advertising, likely voters, political rates

Facebook Advertising: Why Charlotte Business Owners May Be Pausing

Jul 3, 2020 8:31:40 AM / by Larry Julius

Following the lead of many national marketers, some Charlotte area small business owners are considering canceling or, at minimum, pausing their advertising schedules with social media network Facebook and its co-owned photo-sharing platform, Instagram.

According to the New York Times, "more than 400 companies, from Coca-Cola and Adidas to Ford and Lego, have vowed to halt advertising on the social network, in a growing protest over how it handles hate speech and other harmful content".

With the pandemic figured in, Charlotte small business owners were expected to spend $131 million on Facebook and Instagram advertising in 2020. This is according to Borrell Associates, a firm that specializes in the collection and analysis of local marketing expenditures in every city across the United States. But these expenditures could shrink if the protests become louder.

Every type of Charlotte business imaginable, including clothing stores, plumbers, HVAC repair, funeral homes, restaurants, dentists, and nonprofits, has come to realize how powerfully social media can contribute to their bottom lines.

Part of what makes Facebook and Instagram attractive to small business owners is the enormous reach these platforms have among consumers. Locally, the audience size for these two social media sites now rival Charlotte radio, TV, cable, and newspaper outlets.

For small business owners considering a hiatus from social media advertising, there is a viable way to redirect these dollars into a different medium without losing the marketing equity or momentum built-up on Facebook.

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Topics best way to advertise, radio advertising, social media advertising, instagram, small business, small business owner, facebook, social media, facebook advertising, advertise on radio

Why Charlotte Banks & Credit Unions Need To Advertise Now

Jun 30, 2020 7:21:53 AM / by Larry Julius

Based on statistics from the Bureau of Labor Statistics, before the COVID-19 crisis, Charlotte households were putting more than $6.5 billion in the bank every year. 

Since February, however, Charlotte area banks and credit unions noticed that customers' savings accounts were beginning to swell to record levels.

According to the Federal Reserve, for many years, the personal savings rate has hovered well below 10%.  The PSR is the percentage of personal disposable income that remains after taxes and all other spending.

In April of this year, the PSR hit an all-time high of 33%. The rate remained at stratospheric levels in May, as well. The previous record high was 17.3% in September of 1975 at the tail-end of a deep recession.

There are more than 2819 banks and credit unions in North Carolina that would love to earn a large share of this infusion of new savings. To compete, though, requires advertising.  By almost any metric, the best way to reach new depositors is by advertising on Charlotte radio.

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Topics best way to advertise, radio advertising, small business, small business owner, advertise on radio, credit unions, banks, savings accounts

Real Estate Advertising in Charlotte: Starter Home Sales Are Thriving

Jun 25, 2020 3:45:29 PM / by Larry Julius

From Davidson to Indian Trail (and every point in between), Charlotte area real estate agents see a robust, post-pandemic market shaping up. Home sales are being driven by record low-interest rates.

The average rate for a 30-year fixed rate in June is 3.17%, according to Freddie Mac. This is down from 3.99% June of last year. That difference could save a Charlotte area home buyer close to $30,000 over the term of a loan.

Data from the Federal Reserve indicates that one of the fast-growing segments of the current real estate market is starter homes. Sales in May for these modest price houses have risen above pre-COVID-19 levels and have hit a three year high.

Feuling the starter home market is demand from millennials. This generation now comprises 37% of all home buyers, says the National Association of Realtors Research Group.

To claim a large share of the market for starter homes, local real estate agents will need to advertise to attract these buyers.  By almost any metric, advertising on Charlotte radio is the best way to reach millennials planning to buy a house, condo, or co-op over the next year.

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Topics best way to advertise, radio advertising, small business, small business owner, home buyers, real estate, real estate agent, mortgage rates, home sellers, advertise on radio

Charlotte Small Business: Appliance Stores Prepare For Rebound

Jun 16, 2020 3:57:07 PM / by Larry Julius

During lockdown, Charlotte consumers have been postponing the purchase of major appliances.  Despite the pause in buying, however, local shoppers are still expected to spend $146 million this year on ovens, stoves, refrigerators, freezers, washing machines, dryers, and dishwashers.

Here's how appliance sales in the Charlotte area will breakdown by category:

  • Cooking: $39,000,000
  • Refrigerator/Freezer: $36,000,000
  • Laundry: $30,000,000
  • Other: $39,000,000

Based on traditional buying patterns, at least 60% of all major appliance sales will occur between now and December.

To capture a larger share of all this spending will require local appliance dealers 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.”

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”. 

By almost any measure, advertising on Charlotte radio is the best choice for local appliance store owners.

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Topics best way to advertise, consumer spending, radio advertising, small business, small business owner, roi, return on investment, retail spending, retail, retail sales, retail stores, retailer, advertise on radio, appliance store

Advertising In Charlotte: Time For Local Jewelry Stores To Shine

Jun 12, 2020 4:34:53 PM / by Larry Julius

Despite the pandemic, Charlotte area consumers are expected to spend $139 million on fine jewelry this year. Based on projections from IBISWorld, here's what will be purchased:

  • $58 million worth of diamonds
  • $20 million worth of watches
  • $13 million worth of gold
  • $16 million worth of pearls and gemstones
  • $29 million in other goods and services

Charlotte area business owners will now have an easier time capturing a bigger share of jewelry expenditures as a monster competitive force disappears.

This week, Signet, the largest jewelry retailer in the country, announced that by December, it would be closing over 380 stores.  Signet's brands familiar to North Carolina consumers include Kay, Jared, Zales, and Piercing Pagoda.

To successfully compete for the void created by fewer Signet stores, local retailers will need to advertise, especially between now and the end of the year. This is when 63% of all fine-jewelry sales traditionally occur.

By any metric, the best way to reach local jewelry buyers is by advertising on Charlotte radio.

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Topics best way to advertise, consumer spending, radio advertising, small business, small business owner, retail spending, retail, retail sales, retail stores, retailer, advertise on radio, bridal, wedding, jewelry store

Charlotte Radio Listeners Will Power The Post-Pandemic Recovery

Jun 10, 2020 1:29:20 PM / by Larry Julius

At the dawn of 2020, Charlotte 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 Charlotte area's $54.1 billion retail economy to a standstill.

As stores, restaurants, and offices in the Charlotte 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.

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Topics best way to advertise, consumer spending, small business, small business owner, retail spending, retail, automotive, retail sales, retail stores, retailer, corona, coronavirus, covid 19, reopen, advertise on radio, recovery

Why Charlotte Real Estate Agents Need To Advertise Now

May 22, 2020 2:25:50 PM / by Larry Julius

Type "CHARLOTTE REAL ESTATE AGENTS" into Google. In slightly over a half-second, the search will deliver 350,0000,000 results. Similar searches for Matthews, Mount Holly, Huntersville, Indian Trail, Gastonia, or Rock Hill produce a proportional number of returns.

Despite the economic hardships imposed by the Coronavirus crisis on Charlotte area consumers, the demand for real estate is booming. 

The Wall Street Journal published a trend yesterday indicating that mortgage applications for purchase a home have achieved levels equal to last year.

According to redfin.com, home buying demand is 16.5% higher now than it was pre-COVID-19 on a seasonally adjusted basis.

Redfin attributes this explosive growth in real estate shoppers to two factors, including record-low mortgage rates. The other primary driver is a migration trend from expensive metropolitan areas as buyers hunt for more space at lower prices.

To capture a larger share of the robust market, local real estate agents need to stand apart from the millions of Google results.  Advertising on Charlotte radio will help accomplish this.  Here's why.

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Topics best way to advertise, social media advertising, small business, small business owner, television advertising, newspaper advertising, online advertising, small business advertising, home buyers, real estate, real estate agent, streaming audio, pay-tv, home sellers, advertise on radio

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