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Metro Detroit Retail Boom: How Your Small Business Can Benefit

Feb 29, 2020 8:02:00 AM / by Larry Julius

Retailers in Southeast Michigan rang-up $78,314,821,000 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 $3.2 billion 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 Metro Detroit 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 small business, millennials, small business owner, television advertising, radio advertising, best way to advertise, reach, consumer spending, social media advertising, facebook advertising, pandora, spotify, digital advertising, newspaper advertising, online advertising, retail, store traffic, retailer, retail sales

Employment Advertising: Find 94% Of Qualified Candidates In Detroit

Feb 27, 2020 7:15:31 AM / by Larry Julius

Metro Detroit 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 Southeast Michigan appears to be the root cause of local hiring woes. The area's jobless rate stands at 3.7%. 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 Detroit radio.

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Topics small business, small business owner, television advertising, radio advertising, best way to advertise, social media advertising, newspaper advertising, Employment, Help Wanted, passive job seekers, online job sites, Recruitment

Political Advertising In Detroit: How To Reach Likely Voters

Feb 26, 2020 7:09:44 AM / by Larry Julius

Many times the difference between winning an election and losing is a handful of ballots. This is true in races for almost every elected office, referendum, and issue on the national, statewide, and local level. 

To win a modern election requires advertising. Successful advertising requires reach. In Southeast Michigan, the most potent way to reach voters is on Detroit radio.

The Detroit radio metro includes the Michigan counties of Lapeer, Livingston, Macomb, Monroe, Oakland, St. Clair and Wayne.

Last week, for instance, 92.3% of all registered voters in these counties tuned-in to a Detroit radio station.  This is significantly more than were reached by local TV, newspaper, social media, and streaming audio sites like Pandora and Spotify.

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Topics television advertising, radio advertising, best way to advertise, social media advertising, digital advertising, newspaper advertising, online advertising, political, political advertising, issue advertising, elections, political campaigns

Advertise In Detroit: Options For Small Business Owners

Feb 25, 2020 6:00:56 PM / by Larry Julius

Advertising is critical to the success of every Southeast Michigan small business owner.  One of the most powerful elements of any advertising campaign is how many people it reaches.

Nielsen, the world's largest consumer insights company, found that advertising reach has a more significant effect on sales than branding, recency, and context.

There are many ways a local business owner can advertise. This includes traditional media like Detroit radio, local TV, and newspaper. It also includes online advertising options, such as Facebook, Instagram, and Pandora.

The type of customer an individual business needs to reach depends on the goods and services a company sells. For instance, a daycare operator might want to reach households with young children. On the other hand, a real estate agent could be looking for consumers in the market to purchase a new home.

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Topics television advertising, radio advertising, consumer spending, social media advertising, facebook advertising, pandora, spotify, digital advertising, newspaper advertising, online advertising, retail, advertising options

Small Business Owners Can Advertise For Free on Detroit Radio

Feb 25, 2020 4:46:06 PM / by Larry Julius

It is not a gimmick. Many Southeast Michigan business owners qualify for free local advertising on Detroit radio. They pay nothing. Zero. Zilch. Zip. Bupkis. Free.

Henry Ford understood that the continual investment in advertising was necessary for a business to be successful. “Stopping advertising to save money," he said, "is like stopping your watch to save time.”

Sometimes, though, when daily expenses challenge their cash flow,  small business owners must prioritize spending.

When that happens, unfortunately, Mr. Ford’s advice is ignored, and buying commercials on Detroit radio will move down the list behind making payroll, maintaining delivery vehicles, and replenishing stock.

Many times advertising doesn’t make a list at all.

Some Metro Detroit business owners have discovered that their radio advertising doesn’t have to be sacrificed at all when belts need to be tightened. It turns out there’s a deep pool of “free money” that can be dipped into for the singular purpose of advertising. These funds are called cooperative funds, or co-op for short.

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Topics small business, small business owner, radio advertising, best way to advertise, co-op, retail, cooperative advertising, advertise free

What Is The Best Way To Advertise In Detroit?

Feb 25, 2020 3:56:45 PM / by Larry Julius

If you don't have time to read this entire article, then I will tell you right now. The best way to advertise in Southeast Michigan is on Detroit radio.

An essential function of advertising is to compel consumers to take action regarding a specific product or service.

Consumers in the Detroit Metro area are expected to spend at least $78.3 billion at retail this year. To claim a greater share of this giant pool of cash requires local business owners of every size to advertise their goods and services. As Professor Jef Richards at Michigan State University points out, “Advertising is totally unnecessary…unless you want to make money."

The bottom line: It is difficult for anyone in Metro Detroit to purchase a product or service from a local business if they aren’t aware it exists.

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Topics frequency, radio advertising, best way to advertise, reach, consumer spending, reach and frequency, advertising recall, top of mind

Do Millennials Listen To Detroit Radio?

Feb 25, 2020 3:11:06 PM / by Larry Julius

It's time to set some misguided Southeast Michigan small business owners straight: When we say everybody listens to Detroit radio stations, we mean everybody.  Generations X, Y, and Z. Also, Boomers, and, yes, the millennial generation.

You know...millennials. Those are the "kids" who came of age at the turn of the millennium (which is, debatably, either 2000 or 2001).  This means 18-34 year olds. 

In Metro Detroit, 970,000 millennials make-up 29% of the adult population and will deliver $24.4 billion to local cash registers.

But here's the thing about millennials that many Michigan small business owners get wrong: millennials listen to the radio.  Almost all of them. 91.6% of them, to be exact.

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Topics small business, millennials, small business owner, television advertising, radio advertising, generation y, social media advertising, facebook advertising, pandora, spotify, digital advertising, newspaper advertising, online advertising

Advertising In Detroit: Reach Mother's Day Shoppers

Feb 25, 2020 2:35:15 PM / by Larry Julius

As Valentine's Day becomes a sweet memory, that's when Metro Detroit small business owners start thinking about Mom.

Mother's Day, which happens on the second Sunday of May, is second only to Christmas in terms of holiday spending. Last year, Southeast Michigan consumers spent more than $345-million celebrating the women in their lives. That number is expected to grow again in 2020.

To claim a significant share of this Mother's Day cash, local retailers and restaurants will need to advertise.  By almost every key metric, advertising on Detroit radio is the best choice.

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Topics small business, small business owner, television advertising, radio advertising, consumer spending, social media advertising, facebook advertising, pandora, spotify, digital advertising, restaurant marketing, mother's day, newspaper advertising, online advertising, restaurant advertising

Advertising On Detroit Television vs. Local Radio

Feb 24, 2020 7:18:22 PM / by Larry Julius

There is alarming news for small business owners who advertise on Detroit 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 television, small business, millennials, media usage, frequency, small business owner, television advertising, radio advertising, best way to advertise, reach, consumer spending, branding, generation y, generation x

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