The National Retail Federation forecasts that in 2020, sales will increase by as much as 4.1%. This will create another $383 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 CSRA 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.”
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."
A study by Nielsen of effective advertising campaigns revealed that reach was the media element that produced the greatest lift in sales. Reach is defined as the number of different people who are exposed to an advertiser's message.
Of all media options available to CSRA retailers, the best way to achieve reach is by advertising on Augusta radio.
Every week, nearly 90% of all adult consumers tune-in to an Augusta radio station. This is significantly more than are reached by local TV, social media, newspaper, or streaming media sites like Pandora and Spotify.
This is especially true among CSRA millennials, who account for 30% of all retail spending. Despite some misconceptions, Augusta radio reaches more members of this generation every week than all other media.
If a local retailer owner chooses not to advertise, then they do so at considerable financial peril. Based on business category, here is how many more dollars CSRA consumers will spend this year versus last year
- Radio, TV & Other Electronics Stores: $3.800,000
- Furniture & Household Appliance Stores: $6,300,000
- Department Stores: $9,600,000
- Clothing & Accessories: $14,000,000
- Health & Personal Care: $21,500,000
- Building & Material Supply: $26,300,000
- Food Services & Drinking Establishments: $39,000,000
- Grocery Stores: $45,500,000
- Food & Beverage Stores: $48,600,000
- General Merchandise: $58,100,000
- Motor Vehicle & Parts Dealers: $87,100,000
More Advertising Advice For Augusta Small Business Owners
- Advertising On Augusta Television vs. Local Radio
- Augusta Small Business Advertising: Reach Millennial Parents
- Why CSRA Used Car Dealers Need To Advertise Now
- Advertising In Augusta: Reach Mother's Day Shoppers
- What CSRA Consumers Listen To On Their Smart Speakers
- How To Advertise Insurance Products In Augusta
- How Augusta Radio Compares To Pandora And Spotify
- How To Advertise To Furniture Shoppers In Augusta