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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

Best Way A Charlotte Small Business Can Be Re-Introduced To Consumers

Jun 5, 2020 1:16:53 PM / by Larry Julius

Charlotte small business owners are learning that 're-opening' may not be an appropriate word for the challenges they face as the Coronavirus crisis winds down.  A better term might be 're-introducing'.

Since the Governor of North Carolina shuttered the state on March 30, to slow the spread of COVID-19, Charlotte area consumers have discovered new ways to buy the goods and services they need.  It's now the burden of local business owners to lure these customers back. The first step is re-introduction.

On March 18, 1922, WBT signed-on as the first radio station serving Charlotte, North Carolina. Since then, local business owners have used radio advertising to introduce themselves successfully to new customers. Radio has also helped these businesses survive recessions, depressions, world wars, hurricanes, and floods. By any metric, advertising on Charlotte radio remains the most effective tactic a small business owner can use post-pandemic, as well.

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Topics best way to advertise, radio advertising, small business, small business owner, roi, return on investment, time of day, daypart, retail spending, retail, retail sales, retail stores, retailer, reopen, budget, commercial length, write a commercial, writing a commercial

Traffic In Charlotte Is Picking-Up. Is Your Small Business Ready?

Jun 3, 2020 12:08:34 PM / by Larry Julius

More than 95% of Charlotte area households own at least one vehicle. 

Pre-pandemic, 86.5% of workers spent, on average, 58 minutes every weekday in these cars commuting to-and-from their jobs.  

On their way to work, many of these drivers would contribute to the Charlotte area's $49.6 billion retail economy by visiting the convenience stores, coffeehouses, auto repair centers, gas stations, daycares, grocery stores, or hundreds of other businesses they passed.

At lunchtime, these same cars would take their owners to restaurants, dentist appointments, nail appointments, barbershops, and on an infinite number of other errands.

On the weekends, these vehicles filled the parking lots of hardware stores, furniture stores, car dealers, appliance stores, bowling alleys, movie theatres, and nightclubs, 

Then on March 30, when the Governor of North Carolina shut down the state to slow the spread of COVID-19, traffic came to a standstill and so did the spending.

There are strong indications, though, that in the Charlotte area, roads are filling up again.

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Topics best way to advertise, consumer spending, radio advertising, small business owner, roi, return on investment, retail spending, retail, store traffic, retail sales, retail stores, retailer, vehicle traffic, in-car audio

What Happens When A Charlotte Small Business Stops Advertising?

May 28, 2020 6:51:08 AM / by Larry Julius

Charlotte small business owners may perceive the continuation of advertising as a luxury right now. This is especially so when compared to the necessity for covering the costs of utilities, inventory, payroll, and rent.

Before pulling the plug, though, business owners from Huntersville to Rock Hill must consider the consequences of 'going dark', a marketing term which means to stop advertising.

"According to our analysis, short-term decisions to go dark create significant risk for long-term revenue," says Ameneh Atai, Senior Vice President of Commercial Strategy at Nielsen. "This affects both incremental revenue and base sales."

"Our database of long-term effects models suggests that cutting ad spending for the rest of 2020 could lead up-to 11% revenue decrease in 2021," says Ms. Atai. "It could take three to five years of solid and consistent brand building to recover from an extended dark period of media."

"We have a ton of evidence in our historical analysis," adds Nielsen's Tsvetan Tsvetkov, Senior Vice President of Agency and Advertiser Solutions. "Companies that step away from advertising efforts for a period of time, whether it's a couple of quarters or a full year or longer lose the momentum they have built over time the minute they stop. To recover takes a long, long time."

To avoid the economic risks of going dark, local small business owners need to make sure every dollar spent on advertising produces solid returns.  By most marketing metrics, advertising on Charlotte radio could prove to be the best option.

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

Who'll Be Buying When Charlotte Small Businesses Reopen?

May 19, 2020 7:16:00 AM / by Larry Julius

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 Charlotte area's $54.1 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 Charlotte 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 North Carolina 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.”

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Topics best way to advertise, small business, small business owner, retail spending, retail, store traffic, retail sales, retail stores, retailer, corona, coronavirus, covid 19, crisis marketing, reopen

Coronavirus: Advertising In Charlotte For Small Business Survival

Mar 25, 2020 8:31:28 AM / by Larry Julius

Charlotte 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 Charlotte radio.

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Topics radio advertising, social media advertising, small business, small business owner, television advertising, newspaper advertising, online advertising, digital advertising, retail, restaurant, retail stores, retailer, facebook advertising, corona, coronavirus, covid 19

How Well Does Social Media Work For Charlotte Retailers?

Mar 19, 2020 6:40:00 AM / by Larry Julius

Charlotte retailers spend a considerable amount of time and money marketing their small businesses on social media.  Is this effort paying off?

Each month, according to Nielsen, 1.5 million Charlotte area adults use Facebook, Instagram, or Twitter. This equates to 72% of consumers.  This reach is rather anemic compared to Charlotte radio and TV, which attracts considerably more users in a single week than these social media platforms do over 30 days.

Among local millennials, the monthly reach of Facebook, Instagram, and Twitter is eclipsed by the weekly reach of Charlotte radio.

The number of consumers reached by an advertising campaign, according to Nielsen, is the media consideration that has the most significant effect on increasing sales. 

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Topics best way to advertise, radio advertising, social media advertising, instagram, small business, small business owner, facebook, reach, retail, retail stores, engagement, retailer, facebook advertising, twitter

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