There were a lot of 'firsts' in Southeast Michigan on voting day of 1920. It was the first time, ever, women could participate in the selection of the U.S. President. It was also the first time live election results were broadcast on the radio. Not to mention, it was also the day of the first radio broadcast, ever.
The voters' choice that night was between Warren G. Harding and James M. Cox. Both men had derived their political power as successful newspaper publishers. It is quite ironic, then, that one of these men would reach the highest office in the land on the same night that the nascent radio broadcasting business began its takedown of the newspaper industry.
Nowhere is this takedown more apparent than locally, where Detroit radio has become, by far, the advertising medium with the largest reach among local consumers.
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small business owner,
radio advertising,
best way to advertise,
reach,
newspaper advertising,
Free Press,
detroit news
"Our phones started ringing even before our first commercial on Detroit radio ended," says Dr. Kairi Horsley, DPM. He and his father, Dr. Barton Horsley are co-owners of Horsley Foot and Ankle, a podiatric medical practice in Southfield.
"That was, in 2015," says the younger Dr. Horsley. "Five years later, our commercials still bring us 12 or 13 new patients every week."
Before 2015, the Horsely's had been no stranger to the power of radio.
When Dr. Kairi joined the practice after his medical residency at the Michigan Surgical Hospital, the two Horsley's teamed up to purchase time for their own talk show on AM radio. During their program, the doctors would discuss prevention and care for the pathologies and diseases concerning the feet.
"We were finding enough new patients from the show, so we weren't losing money," says Dr. Kairi. "But, I kept thinking there could be a better way."
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small business,
small business owner,
best way to advertise,
doctors,
podiatrists,
medical practice,
radio advetising,
store traffic
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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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
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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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
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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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
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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small business,
small business owner,
radio advertising,
best way to advertise,
co-op,
retail,
cooperative advertising,
advertise free
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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frequency,
radio advertising,
best way to advertise,
reach,
consumer spending,
reach and frequency,
advertising recall,
top of mind
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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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