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Filed Under: Hot Topics
We have heard it hundreds of times, from both sales managers and program directors; I will trade all of my 55+ listeners for just one Adult 25-54. As crazy as that sounds, everyone in radio knows why this is. Once a consumer turns 55, their value to advertisers plummets. A couple years ago I talked about my personal issue with the incredibly discounted value advertisers attribute to Adults 55+.
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Radio and retailers: Get ready to celebrate a very happy holiday season! The 2015 holiday spending forecast is out, and it is predicted that spending levels will be at the highest they’ve been in the past 14 years. A recent report shows that holiday spending in the U.S. will increase by three to four percent, as sales figures are expected to increase from $608 billion in 2014 to somewhere between $626 and $633 billion in 2015. While this growth may be a little lower than what was recorded last year, it is still well within the range of the growth rates recorded each year since 2012.
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It’s no secret that the radio industry is ready to rake in some extra cash as political advertising takes center stage. In fact, a projected $11.38 billion dollars will be spent on political advertising in 2016. Staying true to our commitment to the industry, we want to help you win.
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I figure I might as well lead with a headline that speaks for itself. It is true. Radio continues to be America’s #1 mobile mass reach medium.
However, let me not fool myself into thinking that one bold statement (in italics too) would be enough. As a radio research geek, I know that many people respond best to a visual representation of data. So I will keep this straightforward and simple in order for the message to be clear.
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Beginning in 2007, Arbitron (now Nielsen), rolled out PPM in nearly fifty major radio markets. Early on, we at Research Director, Inc. chronicled the impact on reported listening and were among the first to help our clients navigate these uncharted waters.
Arbitron actually conducted simultaneous Diary and PPM surveys in New York from September 20, 2007 through December 12, 2007. The published results showed that the average station had 27.6% lower P12+ AQH Persons reported by PPM than by Diary.
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Nielsen Answers has a wealth of information for clients and agencies. One thing that I always make sure to check out are the pre-survey bulletins.
Prior to every quarterly diary release and the 13 “monthly” PPM releases, Nielsen makes available a pre-survey bulletin. Some of it is run-of-the-mill stuff such as their total line reporting policy and a reminder to notify them of any station changes. More importantly, they outline changes that will take place during the survey or anything else out of the ordinary. I recommend that all Nielsen clients peruse these bulletins on a regular basis. They’re made available far enough in advance to provide time to make any necessary adjustments.
Filed Under: Hot Topics
Two years ago, Research Director, Inc. Partner Charlie Sislen posted his self-proclaimed “old man rant,” 55 and Still Going Strong. Now it’s my turn.
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Advertising is the vehicle that transports a product, service, or cause to the respective audience. The current marketplace is filled with competition and a plethora of messages competing for the consumer’s limited attention. In addition to brands competing for limited attention, media vehicles are competing for limited advertising spending dollars in the marketplace. In this crowded arena, it is important to know which media vehicle will not only bring in the most target consumers, but which medium can convert those reached target consumers into revenue and generate a reasonable return on investment.
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People do not buy features. They buy solutions to problems or needs. The more work we make them do to understand how working with us will meet those needs, the lower the chance they will ‘get it’ and the lower our chance of making a sale. No one wants to work with us if we don’t put their wants, passions, and perceived needs first. Our prospects are only interested in doing business with us to the degree that they understand what we can do for them. In every presentation we write, we must remember that our prospect’s desires, anxieties, and aspirations must always come before our own.
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On November 1, 2013 at 9:30am, radio listening habits were drastically altered. Having just wrapped things up with our October PPM clients, I tuned in to “Mike and Mike in the Morning” on ESPN radio. As I passively listened to the show, a specific topic caught my interest. So, I decided to write a joke concerning the topic. Minutes later, Mike Greenberg read my comment on air and the studio broke out in laughter.
