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CSRA Consumers Stick With Augusta Radio Despite Pandemic

Mar 31, 2021 4:09:24 PM / by Larry Julius

In 1930, when WRDW-AM became the first radio station in the Central Savannah River Area, many considered the medium a fad.  Even a 1937 hit song written by George Gershwin, Our Love Is Here To Stay, considered radio to be a "passing fancy and in time may go".

Augusta radio, however, has survived the advent of talking-movies, television, eight tracks, and cassettes in stereo.  More recently, radio has withstood a tsunami of digital options including, YouTube, SiriusXM, Pandora, and Spotify.

As the Coronavirus pandemic rolls over into a second year, Augusta radio has hung tough and not ceded its ground despite listener's shifting lifestyles.  This is crucial news for local small business owners who depend on local stations to market their goods and services.

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OTT & CTV: Who Watches Streaming Video In Augusta?

Mar 19, 2021 2:45:37 PM / by Larry Julius

Each week, according to Nielsen, 68.4% of Central Savannah River Area consumers watch video programs that aren't delivered over-the-air by local TV stations.  They aren't coming from a local cable company or by satellite.  Instead, these programs are being streamed directly to viewers via an internet connection.

This type of streamed video content is called OTT (Over-The-Top-Television) or CTV (Connected-Television). These two terms are sometimes are often used interchangeably but do have a subtle difference.

OTT generally means the video is watched on a small device like a computer, tablet, or smartphone.  CTV, on the other hand, typically means the content is viewed on a smart-TV or a regular television using a streaming device like a Roku or Amazon stick.

In the Augusta, Georgia area, OTT/CTV has exceeded the weekly reach of local newspapers and streaming audio services such as Pandora and Spotify. The medium is rapidly approaching the reach of local cable and broadcast TV stations.

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CSRA Homeowners Plan To Spend Stimulus Cash On Improvements

Mar 15, 2021 4:24:08 PM / by Larry Julius

Central Savannah River Area residents will begin receiving economic stimulus checks  from the Internal Revenue Service as early as today.  In all, local consumers will receive more than $705 million in payments.

This infusion of cash into the Augusta area economy was authorized by Congress last week in the American Rescue Plan legislation. 

The stimulus relief legislation calls for a one-time payment of $1,400 to single adults. Married couples who filed jointly will receive $2,800 total ($1,400 apiece). Families will get an additional $1,400 for each eligible dependent regardless of age. A family of four could get $5,600 in total payments. Like the second round of stimulus payments, the third round specifically prohibits payments to anyone who died before January 1, 2020.

Many of the stimulus dollars will end up in the wallets of 141,000 Augusta, GA area homeowners. Based on research from Modernize, a leader in the home improvement and home services industry, 57% of these consumers are planning to spend all or part of their checks on home improvement projects.

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5 Key Advertising Stats CSRA Small Business Owners Should Know

Feb 23, 2021 8:26:49 AM / by Larry Julius

Since 1930, advertising on Augusta radio has helped small business owners survive and thrive during times of peril. This includes world wars, natural disasters, depressions, and recessions.

Even during a pandemic, by almost every key marketing metric, radio advertising remains the best way for a Central Savannah River Area business to market its goods and services.

To prove the point, here are five statistics that vividly demonstrate the value of advertising on Augusta radio.

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Advertising In Augusta: Reaching Female Consumers

Feb 10, 2021 2:24:59 PM / by Larry Julius

There are 234,400 adult women in the Central Savannah River 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 $6.6 billion and $7.6 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 Augusta small business owners to successfully capture a meaningful share of the local female economy requires advertising.

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How Smart Speakers Affect Advertising On Augusta Radio

Feb 4, 2021 3:18:21 PM / by Larry Julius

Augusta's first radio station, WRDW-AM, began broadcasting on June 25, 1930.  The process of getting the station's programming from the studio into the home of local listeners required tall-transmitting towers with miles of underground copper wire in the middle of massive fields.

For the next 63 years, this massive investment in real estate, steel, and cooper was the only method of delivering a radio advertiser's message into the ears of Augusta consumers.

In 1993, however, new technology permitted Augusta radio stations to augment the reach of their tall towers by simultaneously streaming its over-the-air programming via the internet. This provided local consumers with the choice of listening to their favorite stations on their car radios, clock radios, and boom boxes or on an internet connected devices like computers, smartphones, or tablets.

Today, based on estimates from Edison Research, 11% of listening to local radio stations occurs on a streaming media device.  The ability for AM/FM to migrate from their tall towers to internet streaming allows Augusta radio to reach more local consumers every week than all other media.

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Advertising In Augusta: Drivers Turn Up The Radio

Jan 21, 2021 8:32:42 AM / by Larry Julius

Radio came to Georgia on March 15, 1922 when WSB went on the air. The station was owned by The Atlanta Journal.

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 Central Savannah River Area consumers.

Every week, according to Nielsen, more adults tune-in to Augusta 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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Is Advertising On Twitter Right For CSRA Small Business Owners?

Jan 12, 2021 4:29:42 PM / by Larry Julius

How important is Twitter to Central Savannah River Area consumers? Yesterday, for instance, the social media platform was mentioned in at least ten articles published by the Augusta Chronicle yesterday.  Almost every local TV newscast included references to the site as well.

Twitter's outsized presence in the news, however, is enormously disproportional to the importance of the micro-blogging app in the life of Augusta's consumers.

According to Nielsen, only about 15% of adults in the CSRA use Twitter during the course of a month. This is minuscule compared to other social media platforms like Instagram and Facebook.

Twitter offers 20 different options that Georgia and South Carolina small business owners can utilize to market their goods and services to local consumers.  The platform's minimal reach, however, can hamper the success of any advertising campaign.

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Small Business Advice: 5 Facts About Advertising On Augusta Radio

Dec 18, 2020 9:10:19 AM / by Larry Julius

Until 1930, there were no radio stations the Central Savannah River Area. Local listeners would need to tune to distant signals including WSB, a station owned by The Atlanta Journal.  WSB was Georgia's first radio station and had been on the air since March 15, 1922.

On June 25, 1930, however, Warren Davenport and Clark Jack put Augusta's first radio station, WRDW, on the air. Mr. Davenport and Mr. Clark were owners of Musicove, a store at 309 Eighth Street that sold radios, records, and sheet music.

The inaugural broadcast of WRDW began at 1:05am and lasted nearly three hours. The first program included a performance by local musician J. Bernard Carpenter.

A few days later on July 3, WRDW broadcast a speech by J. Roy Cooper, a candidate for Mayor in Augusta. This was the city's first ever political broadcast.

For 90 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 Augusta radio remains a dependable way to make cash registers ring.

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

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

Nov 17, 2020 2:08:44 PM / by Larry Julius

Central Savannah River Area shoppers are expected to spend a record $1.4 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, 76.7% of CSRA 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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AVOD: Four Letters Every Augusta Small Business Owners Should Know

Nov 3, 2020 8:42:27 AM / by Larry Julius

Before we explain AVOD, it is important to understand SVOD.

Central Savannah River Area small business owners may not be familiar with SVOD, but chances are they let it into their homes and onto their phones.

SVOD is the abbreviation for Subscription Video On Demand. That is the collective name for streaming networks like Netflix, Hulu, Disney+, and Amazon Prime.  For a monthly fee, these services provide commercial-free access to TV shows, original content, and movies.

These SVOD networks are delivered to viewers' phones, tablets, computers, and smart-TVs via the internet and not over-the-air or cable systems.

SVOD makes up a significant part of what advertisers refer to as OTT (Over-The-Top-Television) and CTV (Connected-Television). OTT/CTV is video-programming content that viewers can only watch on smartphones, tablets, computers, smart-TVs, Amazon Firesticks, and Roku Sticks.  Nielsen reports that 91% of CSRA adults own at least one of these devices.

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Newspaper Advertising In Augusta: Advice For CSRA Business Owners

Oct 15, 2020 11:51:24 AM / by Larry Julius

Augusta area business owners are expected to spend $9.1 million on newspaper advertising in 2020. This will be 29% fewer dollars than were spent in 2019, according to a study by Borrell Associates, a company that analyzes local media expenditures across the country.

Of course, the pandemic is part of the reason advertising revenues have plummeted at Augusta newspapers. But, the more significant factor is the sustained erosion of readership.

For example, between October 2017 and March 2019, the Monday-Saturday circulation of the Augusta Chronicle has decreased by 27%. The Sunday edition suffered a 32% decrease.

Among all advertising media available to small business owners, newspaper's ability to reach adult consumers now lags significantly behind Augusta radio, cable, broadcast TV, and social media.

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CSRA Small Business Update: Auto Parts Sales Accelerate

Sep 18, 2020 8:39:52 AM / by Larry Julius

There are more than 375,000 vehicles registered in the Central Savannah River Area (CSRA). Many need new windshield wipers, shocks, struts, brakes, air filters, ignition coils, and the hundreds of other items that fill the shelves of local auto part dealers.

Despite the pandemic induced slowdown, business at auto parts stores has grown nearly 13% since February, according to the US Census Bureau.

This explosive growth in auto parts sales directly relates to the  average age of cars on Augusta area roads.

"Per the latest study from IHS Markit, the current combined average age of vehicles has hit a record of 11.9 years," Rimmi Singhi wrote this week on NASDAQ.com. "The aging vehicles are a boon to auto parts, replacement, and repair companies. In a bid to ensure long-term functioning of the aging vehicle population, customers are making investments to replace faulty vehicle parts and components."

Also contributing to the rapid aging of cars on the road is the current demand for used versus new vehicles. According to the Bureau of Economic Analysis, the personal consumption expenditures (PCE) for used cars is 25% higher in August than it was during the same month last year.

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Banks and Credit Unions Reach ReFi Customers On Augusta Radio

Sep 12, 2020 10:35:42 AM / by Larry Julius

There are approximately 134,000 households in the Central Savannah River Area with existing mortgages, according Nielsen. The median value of these homes is $161,000.

Yesterday, there was extraordinary news for many of these borrowers and for CSRA 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 Augusta 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 Augusta radio is the most effective way to reach homeowners.
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Advertising In Augusta: OTT & CTV Viewing Soars

Sep 4, 2020 4:32:35 PM / by Larry Julius

Advertising on Augusta television and cable is becoming less attractive to Central Savannah River Area 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 91% of Augusta area adults own at least one these devices. Furthermore, they are using them.

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

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B2B Advertising In The CSRA: Reaching The Decision Makers

Aug 27, 2020 1:54:22 PM / by Larry Julius

New data from the US Census Bureau has optimistic news for Central Savannah River Area companies that sell business-to-business.

There are approximately 8600 businesses in the Augusta area, according to the Census Bureau. Indeed, many of these businesses have suffered since the onset of the Coronavirus, especially in April.

Census information is now showing positive indicators that the fortunes of area companies are improving. This includes those with 500 or fewer employees. These small businesses account for 86% of all CSRA firms.

During the week of April 26, 75% of Georgia area small businesses reported temporary closures.  By July 1, the number dropped to 34%

Also, during that same week, 41% of small business owners in the state were reporting decreases in revenue versus the prior week.  By the end of June, that number fell to slightly over 10%.

In both June and July of this year, national data shows all retail and food services spending significantly outperformed the prior year by between two and three percent.

As the business climate improves in the CSRA, the fortunes of B2B companies will accelerate as well. These include those businesses that sell office supplies, restaurant supplies, cleaning services, legal services, accounting services, transportation services, banking services, technology, and commercial real estate.

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How Has Working From Home Affected Advertising on Augusta Radio

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

Before COVID-19, most listening to Augusta radio happened outside the home. CSRA 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 Augusta radio has grown by 18%, according to Nielsen.

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Advertising in Augusta: The Radio Century

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

Augusta radio reaches more area adults every week than any other medium. During a typical seven-day period, according to Nielsen, 412,000 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 Central Savannah River Area consumers is remarkable considering today is the medium's 100th birthday.

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What Is The Best Way To Reach The CSRA's 448,000 Consumers?

Aug 17, 2020 2:45:15 PM / by Larry Julius

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

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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Advertising In Augusta: Radio Listening Holds Its Own During Pandemic

Aug 10, 2020 8:37:26 AM / by Larry Julius

During the spring, 344,400 adult radio-listeners tuned in to their favorite radio stations each week, according to Nielsen. This is 10% more than during the fall, despite the pandemic. 

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 the Spring of 2019, according to Nielsen, 38.4% of radio listening occurred at home. During July of this year, in-home listening jumped to 45.4%. Despite the reduction in out-of-home activities, though, CSRA consumers still spent the almost the same amount of time listening to Augusta radio.

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Advertising On Augusta Radio Reaches Cable TV's Cord Cutters in CSRA

Jul 31, 2020 6:17:36 AM / by Larry Julius

More than one-third of Central Savannah River 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, CSRA 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 154,000 adult consumers in the Augusta Metro 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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CSRA Drivers Hit The Road Taking Augusta Radio Along For The Ride

Jul 21, 2020 11:02:43 AM / by Larry Julius

Car radios came to the Central Savannah River Area 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 357,000 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 an Augusta 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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CSRA Furniture Retailers Expect A Post-Pandemic Rebound

Jul 10, 2020 6:58:02 AM / by Larry Julius

Before the onset of COVID-19, more than 77,000 Central Savannah River Area households were planning to spend $159 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 Augusta radio.

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Facebook Advertising: Why CSRA Business Owners May Be Pausing

Jul 3, 2020 10:18:59 AM / by Larry Julius

Following the lead of many national marketers, some Central Savannah River 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, CSRA small business owners were expected to spend $14.7 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 CSRA 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 Augusta 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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Why CSRA Banks & Credit Unions Need To Advertise Now

Jun 30, 2020 9:12:36 AM / by Larry Julius

Based on statistics from the Bureau of Labor Statistics, before the COVID-19 crisis, Central Savannah River Area households were putting more than $1.3 billion in the bank every year. 

Since February, however, Augusta 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 4173 banks and credit unions in Georgia and South 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 Augusta radio.

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Topics best way to advertise, radio advertising, small business owner, small business, bank, advertise on radio, credit union, savings account, certificate of deposit

Real Estate Advertising In The CSRA: Starter Home Sales Are Thriving

Jun 26, 2020 7:49:11 AM / by Larry Julius

From Grovetown to North Augusta (and every point in between), Central Savannah River 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 an Augusta 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 Augusta 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, real estate, radio advertising, small business owner, small business, home buyers, mortgage, mortgage broker, home sellers, advertise on radio, real estate agent

CSRA Small Business: Appliance Stores Prepare For Rebound

Jun 17, 2020 9:30:29 AM / by Larry Julius

During lockdown, Central Savannah River Area consumers have been postponing the purchase of major appliances.  Despite the pause in buying, however, local shoppers are still expected to spend $30 million this year on ovens, stoves, refrigerators, freezers, washing machines, dryers, and dishwashers.

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

  • Cooking: $8,400,000
  • Refrigerator/Freezer: $4,900,000
  • Laundry: $6,100,000
  • Other: $8,400,000

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 Augusta radio is the best choice for local appliance store owners.

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

Advertising In Augusta: Time For Local Jewelry Stores To Shine

Jun 13, 2020 9:57:46 AM / by Larry Julius

Despite the pandemic, Central Savannah River Area consumers are expected to spend $28 million on fine jewelry this year. Based on projections from IBISWorld, here's what will be purchased:

  • $12million worth of diamonds
  • $4 million worth of watches
  • $2 million worth of gold
  • $3 million worth of pearls and gemstones
  • $6 million in other goods and services

CSRA 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 Georgia and South 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 Augusta radio.

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

Augusta Radio Listeners Will Power The Post-Pandemic Recovery

Jun 10, 2020 3:20:36 PM / by Larry Julius

At the dawn of 2020, Central Savannah River Area 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, in early April, the Governors of Georgia and South Carolina shut down all but the most essential businesses in their states. This brought the CSRA's $8.6 billion retail economy to a standstill.

As stores, restaurants, and offices in the Augusta 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, retail, consumer spending, small business owner, small business, automotive, retail sales, retailer, retail stores, coronavirus, corona, covid 19, reopen, advertise on radio, recovery

Best Way To Re-Introduce A CSRA Small Business To Consumers

Jun 5, 2020 3:49:37 PM / by Larry Julius

Central Savannah River Area 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 early April when the Governors of Georgia and South Carolina shut down their states to slow the spread of COVID-19, CSRA 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.

In 1930, WRDW signed on as the first radio station in Augusta, Georgia. 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, fires, and floods. By any metric, advertising on local 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, effective radio advertising, return on investment, roi, commercial length, radio advertising, small business owner, time of day, small business, small business marekting, reopen, dayparts, prime time

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

Jun 3, 2020 2:39:25 PM / by Larry Julius

More than 93% of Central Savannah River Area households own at least one vehicle. 

Pre-pandemic, 86% of workers spent, on average, 52 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 Augusta area's $9.3 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 in early April when the Governors of Georgia and South Carolina shut down their states 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 CSRA, roads are filling up again.

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

What Happens When A CSRA Small Business Stops Advertising?

May 28, 2020 7:32:18 AM / by Larry Julius

Central Savannah River Area 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 Aiken to Evans 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 Augusta radio could prove to be the best option.

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

Why Augusta Real Estate Agents Need To Advertise Now

May 22, 2020 3:31:30 PM / by Larry Julius

Type "AUGUSTA REAL ESTATE AGENTS" into Google. In slightly over a half-second, the search will deliver 8,410,000 results. Similar searches for Martinez, Evans, Aiken, Greenwood, and Lexington produce a proportional number of returns.

Despite the economic hardships imposed by the Coronavirus crisis on Central Savannah River 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 Augusta radio will help accomplish this.  Here's why.

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

Who'll Be Buying When CSRA Small Businesses Reopen?

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

To slow the spread of COVID-19, the Governors of Georgia and South Carolina shut down all but the most essential businesses in their states in early April. This public safety measure inflicted a severe disruption to the Central Savannah River Area's $8.6 billion retail economy.

As local small business owners begin to reopen, each must concentrate on supercharging their cash flows to compensate for nearly 50 days 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 Augusta area 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 CSRA 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, store traffic, retail, radio advertising, small business owner, small business, retail sales, retailer, retail stores, coronavirus, corona, covid 19, crisis marketing, reopen

Should Your CSRA Small Business Continue To Advertise?

May 16, 2020 7:27:18 AM / by Larry Julius

COVID-19 has had a profound effect on cash register receipts in the Central Savannah River Area. Every day small business owners from Martinez to Evans are being challenged by the pandemic induced recession.

Just yesterday, for instance, the US Commerce Department announced that April retail sales were down by 20% vs. the same month last year. This is sure to take a massive bite out of the $8.6 billion in annual consumer spending Augusta area businesses had been expecting in 2020.

“April was the cruelest month,” Craig Johnson, president of Customer Growth Partners, told the Wall Street Journal. "Retail spending likely bottomed out in the first week of May with spending picking up due to Mother’s Day and gradual state reopenings.

“It’s going to be less worse with each month,” said Mr. Johnson, “as people slowly come out of the foxhole and enter the mainstream of American consumerism.”

The ability of a CSRA small business to survive past the lockdowns will depend on the steps it takes now.

WARC, a company that collaborates with more than 50 respected marketing organizations, including the Advertising Research Foundation and the Association of National Advertisers, has identified ten tactics that businesses should implement immediately. The #2 step on this list: Keep advertising if you can.

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Topics best way to advertise, recession, small business owner, small business, coronavirus, corona, covid 19, crisis marketing

Does Cable TV Advertising Make Sense For CSRA Small Business Owners?

May 12, 2020 12:33:07 PM / by Larry Julius

Pay-TV is struggling to survive COVID-19.

Before the onset of the pandemic, Nielsen reported that 69% of Central Savannah River Area households received their television programs from cable systems, telephone companies, or satellite operators.  That number, however, is plummeting.

Pay-TV providers in the Augusta area include Xfinity, Dish, Spectrum, AT&T TV, WOW! and DirecTV.

"Cord-cutting, people dropping their cable and satellite TV subscriptions, pre-dates the onset of Covid-19. But the pandemic is exaggerating the trend, creating deeper issuers for programming that relies on those services for distribution," Eric Savitz wrote last week in Barron's.  This includes non-premium services like ESPN, TBS, TNT, USA, CNN, and Discovery.

"LightShed Partners analyst Richard Greenfield counts a loss of 1.96 million subscribers to cable, satellite TV, and virtual cable services combined in the first quarter," Savitz continued. "This is the worst combined quarterly drop ever, down 6% from a year ago."

Greenfield said in an interview with Barron’s that what is especially sobering is that most of the first quarter activity pre-dated the virus. The numbers are likely to get considerably worse in the second quarter.

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Topics best way to advertise, millennials, radio advertising, small business owner, television advertising, small business, television, pay-TV, cable television, direcTV, dish network, Xfinity

How To Bring Employees Back To Your CSRA Small Business

May 9, 2020 7:39:50 AM / by Larry Julius

In January, Central Savannah River Area small business owners were in a panic. The unemployment rate was at a record low 3.0%, and there were not enough workers to fill their open jobs. 

As of today, though, Georgia is reporting that at least one-in-four of the state's workforce have lost their jobs for COVID-19 related reasons. Yet, many small business owners are still struggling to find employees.

According to The Wall Street Journal, "For some workers, unemployment benefits are now paying more than their old jobs did. For others, safety concerns or a lack of child care, as most schools and day-care centers remain closed, are making them hesitant to go back."

“That’s going to get in the way of any real recovery,” Douglas Holtz-Eakin, president of American Action Forum and former director of the Congressional Budget Office, told WSJ.

The struggle to hire employees creates an additional threat for those CSRA small business owners who received loans under the SBA's Paycheck Protection Program.  

To qualify for the loan forgiveness provision of the PPP, business owners must restore its workforce to pre-Coronavirus levels. This must be accomplished within eight weeks of receiving the monies.

So, just like in January, local small business owners are under pressure to fill open jobs. Advertising on Augusta radio is a potent way to attract and hire the needed employees.

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Topics best way to advertise, blue collar workers, recruitment advertising, white collar workers, radio advertising, small business owner, small business, employment advertising, online job boards, help wanted

CSRA Small Business Advice: Facebook Advertising During The Pandemic

May 7, 2020 8:55:46 AM / by Larry Julius

Facebook usage has swelled since the onset of the Covid-19. 

According to Nielsen, before the current chaos, 62% of Central Savannah River Area adults used Facebook each month. This was significantly fewer than were reached by local radio or television each week.

According to the New York Times, however, since the start of the Coronavirus, daily Facebook traffic has increased by 27%. This compares to 33% growth in the amount of time consumers spend listening to local radio during a similar period.

Based on the surge in Facebook consumption, Augusta area small business owners might be tempted to purchase advertising on the social media platform to augment their regular, free postings. Here are are few facts these businesses should consider before investing.

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Topics best way to advertise, social media advertising, online advertising, facebook advertising, radio advertising, small business owner, small business, digital advertising, facebook, small business marekting, trust, social media

Reclaim 'Top Of Mind' When Your CSRA Small Business Re-Opens

May 1, 2020 3:47:58 PM / by Larry Julius

Business was booming in the Central Savannah River Area. Then, it was not.

Before the chaos brought on by Coronavirus, it had been predicted, based on estimates from the National Retail Federation, CSRA consumers would spend 4.1% more in 2020 than they did in 2019. During the first week of April, however, when the Governors of  Georgia and South Carolina shut down their states, the expectations of growth for many small business owners were replaced with fights for survival.

As the states prepares to reopen, CSRA small businesses will learn that turning the lights back on and hanging out the welcome sign might not be enough to bring even the most loyal customers back.

Some customers will not return because of personal safety concerns. Other customers may have discovered alternative sources to purchase goods and services.

More likely, though, customers will not come back because a business has lost a valued parcel of real estate: the position at the top of a customer's mind. This is the place where purchase decisions are made.

There is a way to regain top-of-mind status. First, though, it's important to understand why a business can be forgotten so quickly. 

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Topics best way to advertise, radio advertising, small business owner, top of mind awareness, small business, frequency, coronavirus, corona, covid 19, recall

Who Do CSRA Consumers Trust During A Crisis?

Apr 27, 2020 2:25:01 PM / by Larry Julius

For Central Savannah River Area small business owners, marketing and advertising are crucial to surviving any crisis, including Coronavirus. The business literature has an abundance of case studies from depressions, recessions, natural disasters, and, yes, pandemics that affirm this existential conclusion.

Advertising, however, may seem extravagant right now to Georgia and South Carolina businesses that are struggling to make rent, purchase inventory, and meet payroll. Henry Ford, though, is often quoted as saying, "Stopping advertising to save money is like stopping a clock to save time."

Therefore, as business owners from Edgehill to Aiken (and every point in between) are cinching their belts tighter-than-ever to stay alive, the dollars invested in advertising must be spent in the most effective manner possible.

During periods of uncertainty, advertising works the hardest when placed in within media that consumers trust.  During the time of COVID-19, advertising on Augusta radio has earned that trust among local consumers.

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Topics best way to advertise, recession, radio advertising, small business owner, small business, reach, coronavirus, corona, covid 19, crisis marketing, recall, trust, context

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