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Small Business Advertising In Augusta: Target The Spenders

Mar 3, 2020 10:33:13 AM / by Larry Julius

Central Savannah River Area consumers spent more than $9.3 billion with retailers last year. The National Retail Federation forecasts 4.1% more will be spent this year.

Who are the shoppers that will be spending all this money?

According to Nielsen, 46.7% of retail dollars are spent by Augusta area consumers over the age of 50. This may surprise many small business owners because older consumers comprise only 36.9% of the area's adult population.

These older consumers account for a substantial share of spending in almost every retail category. This includes furniture, cars, pet supplies, fast food, and electronics.

To earn a share of these massive dollars spent by these older consumers requires CSRA small business owners to advertise.

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Topics best way to advertise, newspaper advertising, store traffic, retail, consumer spending, social media advertising, radio advertising, small business owner, television advertising, small business, retail sales, baby boomer, retailer, retail stores

CSRA Retail Boom: How Your Small Business Can Benefit

Feb 28, 2020 8:18:48 AM / by Larry Julius

Retailers in the Central Savannah River Area rang-up $9,337,776,000 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 $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.”  

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Topics best way to advertise, millennials, Pandora, Spotify, newspaper advertising, store traffic, retail, consumer spending, facebook advertising, radio advertising, small business owner, television advertising, small business, reach, retail sales

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