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Mother's Day Spending In SWFL Will Top $119 Million In 2022

Apr 22, 2022 1:16:51 PM / by Larry Julius

Eighty-four percent of all adults say they will celebrate Mother's Day in 2022. Based on per capita forecasts from the National Retail Federation (NRF), Southwest Florida consumers are expected to spend $119 million on the moms in their lives. This is a 13% increase over last year.

“Consumers are eager to find memorable ways to honor their mothers and other important women in their lives and are willing to spend a little extra on this sentimental holiday,” said NRF President and CEO Matthew Shay.

The NRF spending projections indicate that Fort Myers-Naples-Cape Coral consumers will spend $26.3 million on jewelry and another $19.9 million on special outings such as dinner or brunch. This will be the highest level of Mother's Day spending ever in these categories.

Here is how this large pool of Mother's Day cash in Fort Myers is expected to be distributed by all retail categories.

The NRF research indicates that men will outspend women 3-to-1 this year on Mother's Day gifts. Most of these dollars will go towards presents for their moms, stepmoms, and wives.

Of all the money spent, SWFL consumers are expected to spend 36% online, 30% at department stores, 27% at specialty stores, and 23% at local small businesses.

To compete for a share of record-high Mother's Day spending this year, local business owners will need to advertise. By most key marketing metrics, the best way to reach holiday shoppers is by advertising on Fort Myers radio.

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Topics Reach, roi, best way to advertise, retail, radio advertising, advertise to mothers, return on investment, holiday shopping, mother's day, retail sales, retail store, retailer, advertising reach, reach & frequency, holiday advertising, retail spending, advertising return on investment, advertising roi

Advertising ROI: Fort Myers Radio Best Choice For Retailers

Apr 14, 2022 1:54:47 PM / by Larry Julius

Southwest Florida consumers are expected to spend close to $19.2 billion at retail in 2022, based on per capita spending estimates from the National Retail Federation (NRF). This would be an eight percent increase versus 2021.

To capture significant shares of the increased retail spending, the 30,689 small business owners in the SWFL area would typically invest in advertising. Persistent and pernicious inflation pressures, however, are starting to gnaw away at marketing budgets.

According to the National Federation of Independent Business Owners (NFIB), businesses cite inflation as their number one problem. For many Fort Myers business owners, uncontrollable wholesale, transportation, and labor costs are forcing retailers to raise the prices they charge their customers. But, for many retail products, inflated retail prices can drive customers away. 

To limit consumer price increases and still make a profit, Fort Myers-Naples-Cape Coral area business owners, then, are forced to cut expenses, including advertising and marketing. This means it is now imperative that the limited investments retailers can make in advertising must deliver the strongest returns possible. 

According to a recent study by Nielsen, advertising on Fort Myers radio can provide the best return on investment (ROI) for local retailers.

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Topics Reach, roi, retail, return on investment, retail sales, retail store, retailer, advertising reach, reach & frequency, retail spending, advertising return on investment, advertising roi

Social Media Advertising In Fort Myers: Should A Business Pay?

Apr 12, 2022 2:36:13 PM / by Ali Ahmed

According to Nielsen, 802,781 adult consumers in Southwest Florida use social media every month, an audience that continues to expand. As a result of this growth, social media has become a crucial part of local advertising campaigns.

Social media allows Fort Myers-Naples-Cape Coral area business owners to continually be in front of their target customers and to stay top-of-mind. It allows businesses to communicate daily and be the first company on call when needed. Social media has become essential for marketing local goods and services.

The best part is that social media is free to use for both SWFL consumers and business owners.

There is no subscription service for social media platforms like Facebook and Instagram which, according to Nielsen, are used by 75.1% of Fort Myers consumers each month. There are no monthly payments or premium memberships required to unlock more services.

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Topics small business advertising, small business owner, swfl small business, southwest florida small business, twitter, social media advertising, facebook, instagram, small business, facebook advertising, Borrell Associates, social media, small business marketing

Advertise In SWFL: Retail Spending To Top $18.8 Billion in 2022

Mar 22, 2022 5:19:48 PM / by Larry Julius

There are 30,689 small business owners in the Fort Myers-Cape-Coral-Naples area, according to the US Census Bureau. Each of these companies will need larger advertising budgets to successfully compete for a fair share of the expected explosion in consumer spending this year.

Based on new forecasts from The National Retail Federation (NRF), Fort Myers area consumers are expected to spend between $18.8 and $19.2 billion at retail in 2022, a six to eight percent growth over the previous year.

The NRF's forecasts exclude restaurants, gas stations, and automotive dealers. Included in the numbers, though, are non-store and online sales, which, in Fort Myers, could reach as high as $4.6 billion this year. This level of spending would be 13% more than in 2021.

Even though the rate of growth rate for 2022 is lower than the 14% jump in 2021, the NRF points out that this year's spending will be well ahead of the 10-year, pre-pandemic growth rate of 3.7%

To participate in the expected surge in retail spending will require Fort Myers business owners to advertise. Especially if retailers want to hold their own against the continued growth of non-store and online competition.

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Topics Reach, best way to advertise, retail, small business advertising, radio advertising, small business owner, swfl small business, southwest florida small business, return on investment, small business, retail sales, retail store, retailer, advertising reach, reach & frequency, small business marketing, retail spending, advertising return on investment

Advertise On Fort Myers Radio: AM/FM Still Top Choice In Cars

Mar 17, 2022 12:48:53 PM / by Larry Julius

There are about 761,000 registered passenger vehicles in the Fort Myers-Naples area. Some are cars. Some are trucks. Some are Hondas. Some are Fords. Some are Teslas. Some have four doors. Some have two. Some go fast. Some go slow. Some guzzle gas. Some sip. Some are red. Some are blue.

The one thing that almost every car and truck in Southwest Florida have in common, though, is the AM/FM radio smack-dab in the middle of the dashboard.

The first car radio went on sale in 1930. It was an invention of the Galvin Manufacturing Company. The company named the radio 'Motorola,' and its cost was $130, around $2000 in today's dollars. By 1935, more than three million car radios had been installed.

Today, AM/FM radio is part of every car and truck on SWFL roads. In addition to the radio, many of these vehicles also provide drivers with other audio options, including a CD player, Sirius/XM, Pandora, Spotify, podcasts, and easy access to personal MP3 collections.

It is fair, then, for small business owners who depend on Fort Myers radio to advertise their goods and services to ask: with all the audio options on today's dashboards, is anyone listening to local AM/FM radio in the car anymore?

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Topics pandora, best way to advertise, automotive, streaming audio, radio advertising, sirius/xm, in-car listening, spotify, in-car audio, podcasts, share of ear, streaming media, podcasting, car radio

How To Create A Podcast For An SWFL Small Business

Mar 11, 2022 3:58:10 PM / by Jason Muth

If you're anything like the 852,000 Southwest Florida consumers who, according to Nielsen, listen to or download a podcast every month, you probably already see the value in podcasting as a relatively new audio medium that entertains, enlightens, motivates, or informs listeners.

But if you're part of the 79% of local adults who are not regular podcast listeners, you're probably wondering why on earth would anyone want to listen to a podcast, let alone create one for their Fort Myers-Naples business.

Launching a podcast might seem like a daunting test for small business owners without much technical background or an understanding of how to structure a compelling conversation that will engage prospective customers.

In reality, local small business owners can easily reach new customers with podcasts and complement their traditional advertising in Fort Myers-Naples with a longer-form, conversational medium that showcases the company's knowledge in an authoritative manner.

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Topics best way to advertise, small business advertising, small business owner, swfl small business, southwest florida small business, online advertising, digital advertising, small business, small business marketing, podcasts, podcasting, internet advertising

Best Way To Fill Construction Job Openings In Southwest Florida

Mar 2, 2022 3:48:05 PM / by Larry Julius

Construction companies in Southwest Florida will need to recruit 2,448 blue-collar workers on top of the normal pace of hiring in 2022 to meet the demands of the current building market. These statistics are based on forecasts from Associated Builders and Contractors, Inc. (ABC), an association comprised primarily of U.S. firms that work in industrial and commercial construction sectors.

"The construction industry desperately needs qualified, skilled craft professionals to build America," said Michael Bellaman, ABC president and CEO. "The Infrastructure Investment and Jobs Act passed in November and stimulus from COVID-19 relief will pump billions in new spending into our nation's most critical infrastructure, and qualified craft professionals are essential to efficiently modernize roads, bridges, energy production, and other projects across the country. More regulations and less worker freedom make it harder to fill these jobs."

The construction industry's appetite for new hires in the Fort Myers area will continue into 2023, according to ABC. It is expected that during that year,  an additional 2,222 blue-collar workers in addition to the normal pace of hiring.

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Topics best way to advertise, radio advertising, radio recruitment advertising, recruitment advertising, employment advertising, help wanted, blue collar workers, internet job posting, passive job seekers, indeed, active job seekers, monster.com, zip recruiter, construction, ziprecruiter, hire qualified candidates

Advertising In Fort Myers: Don't Say 'March Madness'

Feb 21, 2022 4:05:45 PM / by Larry Julius

Right now, at least one of the 32,556 businesses located in the Southwest Florida area is thinking about using the phrase 'March Madness' as part of upcoming advertising and marketing plans. Why not? It's a great use of alliteration. It's a familiar term. And, it's that time of year.

A furniture store in Naples might think it would be clever to use 'March Madness' in its commercials on Fort Myers radio to promote a big spring sale. A non-profit in Cape Coral feels it would be a good way to describe its charity fun run on social media and online advertising. A sports bar in Bonita Springs believes it would be a no-brainer to use the term in streaming video and audio ads to bring in scores of basketball fans.

It is, indeed,  tempting for a Fort Myers small business owner to use this term for advertising or marketing purposes. But,  to avoid a costly legal battle, the use of this trademarked phrase should be a non-starter. Here's why.

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Topics streaming audio, radio advertising, online advertising, digital advertising, social media advertising, television advertising, streaming video, streaming TV, streaming media, internet advertising, search engine marketing, sem, trademark, copyright, display advertising, intellectual property

How Much Time Do Ft. Myers Area Consumers Spend Watching Streaming TV?

Feb 17, 2022 9:57:50 AM / by Larry Julius

Every week, 611,000 Southwest Florida adults watch video programs delivered via the internet. This content goes by several interchangeable names, including OTT (Over-The-Top Television), CTV (Connected TV), and Streaming Video. For this article, we will refer to this type of content as Streaming TV.

Unlike traditional TV, cable, and satellite where the viewer needs to be in a fixed location, Fort Myers area consumers can access streaming TV anywhere using an internet-connected device. These include SmartTVs, Firesticks, Roku, smartphones, computers, laptops, tablets, and gaming consoles.

In all, according to Nielsen, 95.7% of SWFL households have one or more devices capable of connecting to streaming TV. Although this medium is still new, streaming TV now rivals legacy media in its ability to reach local consumers.

Every week, Fort Myers consumers are spending more-and-more time engaged with streaming TV.

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Topics fort myers television, online advertising, digital advertising, television advertising, CTV, OTT, streaming video, avod, svod, advertising options, streaming TV, streaming media, internet advertising

Best Way To Reach Likely Voters in 2022: Advertise On Fort Myers Radio

Feb 11, 2022 6:19:02 PM / by Larry Julius

No matter which Fort Myers television station or cable channel adults tune to in 2022, they can expect to be assaulted by a deluge of political advertising. Often entire commercial breaks are stuffed with back-to-back pleas and promises to secure viewers' votes.

But is advertising on WINK, WBBH, WZVN, WGCU, or WFTXthe most effective way to reach likely voters in the Fort Myers area? Or is advertising on cable channels provided by Xfinity, DISH, and DirecTV the way to go?

The answer is neither. According to research from Nielsen, the best way to reach local adults who are most likely to vote is by advertising on Fort Myers radio.

Every week, 548,000 likely voters will listen to Fort Myers radio stations. This is significantly more than watch local TV, cable, and streaming video. More that use social media and streaming audio. More than will read newspapers.

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Topics best way to advertise, radio advertising, fort myers television, political advertising, voters, television advertising, cable tv, political rates, likely voters, political rate card, registered voters, local television, democratic voters, republican voters, independent voters

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