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SWFL Small Business: Appliance Stores Prepare For Rebound

Jun 16, 2020 5:39:01 PM / by Larry Julius

During lockdown, Southwest Florida consumers have been postponing the purchase of major appliances.  Despite the pause in buying, however, local shoppers are still expected to spend $64.6 million this year on ovens, stoves, refrigerators, freezers, washing machines, dryers, and dishwashers.

Here's how appliance sales in the Fort Myers-Naples area will breakdown by category:

  • Cooking: $17,400,000
  • Refrigerator/Freezer: $16,900,000
  • Laundry: $13,100,000
  • Other: $17,000,000

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 Fort Myers radio is the best choice for local appliance store owners.

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

Advertising In Fort Myers: Time For Local Jewelry Stores To Shine

Jun 13, 2020 9:31:20 AM / by Larry Julius

Despite the pandemic, Southwest Florida  consumers are expected to spend $61 million on fine jewelry this year. Based on projections from IBISWorld, here's what will be purchased:

  • $25 million worth of diamonds
  • $9 million worth of watches
  • $6 million worth of gold
  • $7 million worth of pearls and gemstones
  • $12 million in other goods and services

Fort Myers-Naples area 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 SWFL 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 Fort Myers radio.

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

Best Way To Re-Introduce An SWFL Small Business To Consumers

Jun 5, 2020 3:21:23 PM / by Larry Julius

Southwest Florida 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 the Governor of Florida shuttered the state on April 3 to slow the spread of COVID-19, SWFL 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 1940, WFTM in Fort Myers signed on as the first radio station in Southwest Florida. 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, hurricanes, and floods. By any metric, advertising on Fort Myers radio remains the most effective tactic a small business owner can use post-pandemic, as well.

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Topics roi, best way to advertise, prime time, time of day, daypart, create an effective radio commercial, radio advertising, small business owner, return on investment, commercial length, small business, reopening

Traffic In Fort Myers Is Picking-Up. Is Your Small Business Ready?

Jun 3, 2020 2:00:31 PM / by Larry Julius

More than 95% of Southwest Florida households own at least one vehicle. 

Pre-pandemic, 83% of workers spent, on average, 56 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 Fort Myers area's $22.7 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 on April 3, when the Governor of Florida shut down the state 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 Fort Myers area, roads are filling up again.

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

Coronavirus: Advertising In SWFL For Small Business Survival

Mar 25, 2020 3:00:44 PM / by Larry Julius

Southwest Florida small business owners are fighting the coronavirus battles on multiple fronts.  Their first objective is to keep their families and employees safe. Then, of course, there are the concerns of keeping their businesses healthy enough to survive current disruptions.

The business literature has an abundance of case studies showing how survival is often connected to a thoughtful communications and marketing strategy during challenging times.  

Business owners need to let Fort Myers-Naples area consumers know if they are still open. If their hours have changed. Or if they are providing alternative shopping methods (e.g., delivery, curbside pick-up).

Most importantly, it is imperative consumers know that a business will still be there for them when the crisis is over.

For those owners who are depending on communication to preserve their business, the best option may be to advertise on Fort Myers radio.

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Topics restaurant, roi, best way to advertise, streaming audio, radio advertising, small business owner, return on investment, social media advertising, facebook, newspaper advertising, television advertising, small business, retail sales, retail store, retailer, facebook advertising, corona, coronavirus, covid 19

Recession Advice For SWFL Business Owners: Don't Stop Advertising

Sep 26, 2019 8:03:00 AM / by Larry Julius

In US history, there have been more recessions than presidents, 47 vs. 45.  Many economists believe number 48 could be imminent.  

The textbook definition of a recession is a period of declining economic performance across an entire economy, frequently measured as two consecutive quarters. In other words: it's a time when most Fort Myers area small business owners sell fewer of their goods and services.

There is one thing a recession is not.  It is not a time for Southwest Florida business owners to stop advertising.

One of the greatest marketers of all time, Henry Ford, once said, "The man who stops advertising to save money is like the man who stops the clock to save time."

The bowl of cereal you ate this morning could be all the proof you need that Mr. Ford's observation is accurate.

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Topics Reach, roi, best way to advertise, advertise in Fort Myers, advertise in SWFL, small business owner, return on investment, recession, advice

ROI: SWFL Business Owners Use Advertising To Turn Dimes Into Dollars

Aug 2, 2019 4:15:13 PM / by Larry Julius

Imagine that you woke up one morning and found a 100-year-old machine in your basement. You soon discovered that every time you put a dime in the machine, one dollar came out.  How many dimes would you drop in that machine?

Good news for Southwest Florida small business owners: such a machine exists and you probably have one in your car, at work, at home, even on your phone. It's called Fort Myers radio.

Over the past few years, Nielsen has conducted over 20 studies to determine what type of return-on-investment (ROI) a business can expect from radio advertising.  Although the results varied by industry, the average company generated $100 in sales for ever $10 invested.  Turning dimes into dollars.

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Topics roi, small business advertising, fort myers radio, advertise in Naples, advertise in Fort Myers, advertise in SWFL, small business owner, fort myers radio stations, swfl small business, southwest florida small business, return on investment

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