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We all remember them from grade school. The kid who sat in the first row of the class and had all of the answers. Back then, these high achievers were often outcasts and their vast knowledge was looked down upon.
But what can we learn from this group?
My last blog focused on the difference between 25-54 and 35-64 year-old consumers and ways 35-64 can compete in a 25-54 world. As a refresher, both of those groups share the 35-54 year-old segments, which left the difference of the 25-34 and 55-64 age cells.
But, what if you are 18-49 in a 25-54 world? How do you compete there?
The history of the internet has been brief, not gaining power in its marketing initiatives until the mid-1990s. Today websites are becoming extensions of traditional media outlets, such as Radio, Television and Print. For an advertiser, it is crucial to create opportunities that increase revenue by tailoring marketing campaigns that speak directly to various consumer and demographic groups. For example, African Americans in particular, make up roughly 27 million of the online consumer base, who spend nearly one-third of their time on the internet, with a buying power that is expected to exceed $1 trillion in 2012.
Thanksgiving has come/gone and now, as we are hearing on a number of stations, it’s Christmas time. For some stations, switching to an “All Christmas” format could possibly mean “Yes.” Those gifts will come in the form of larger cumes and increased listening, which results in larger average quarter hour (AQH). Because of the increase, you will be able to charge higher rates. “All Christmas” format stations that are successful are similar to the Super Bowl for TV commercial spots.
We’ve come a long way from the days when Arthur Carlson on “WKRP in Cincinnati” sat with a brown envelope in his trembling hands before he opened it up to learn his station’s latest Arbitron ratings. Back in the ‘70s, Arbitron’s clients didn’t know when the books would arrive. They waited for the phone to ring to get a few numbers read to them as “Advanced Ratings.” In the early ‘80s, Arbitron began publishing a schedule, so at least you knew when Arbitrends data would be released and when the box of books would be delivered. In 2006 Arbitron switched to the eBook format, and we no longer needed shelves to hold the infamous red-, silver-, blue-, and brown-striped reports.
