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Advertising In Southwest Florida: Mother's Day Spending To Set Record

Apr 30, 2023 10:45:36 AM / by Larry Julius

Mother's Day is On May 14th this year. According to per capita data from The National Retail Federation, 839,160 adult consumers in the Fort Myers area plan to celebrate the occasion.

Between now and that special Sunday in May, the NRF expects a record $172.8 million to be spent in Fort Myers to honor all the different moms in consumers' lives. Of those celebrating Mother’s Day, most (57%) are purchasing gifts for a mother or stepmother, followed by a wife (23%) or daughter (12%).

Comparatively speaking, Southwest Florida consumers will spend 12.6% more to celebrate Monther's Day this year than they did in 2022, which was also a record year.

“Mother’s Day provides Americans with an opportunity to honor important women in their lives,” NRF President and CEO Matthew Shay said. “As people make plans to celebrate this year, retailers are prepared to help shoppers find gifts of appreciation and admiration for those they want to recognize on this special day.”

Almost half of all Mother's Day spending in the Fort Myers area will fall into three categories:

  1. Jewelry: $37,749,929
  2. Special Outing: $27,102,513
  3. Electronics: $19,358,938

The other half of Mother's Day spending includes purchases of gift cards, clothing, flowers, personal services, housewares, books, and greeting cards.

The challenge for SWFL retailers, however, is keeping a significant share of these Mother's Day dollars in local cash registers and out of the coffers of online sellers and department stores. Right now, according to the NRF, those two retail channels will gobble up almost 68% of all spending.

To earn a larger share of Mother's Day spending, local small business owners will need to advertise to convince Fort Myers consumers of the benefits of buying from local companies.  By almost every marketing metric, the best way to advertise is on Fort Myers radio.

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Topics Reach, roi, retail, radio advertising, advertise to mothers, return on investment, mother's day, retail sales, retail store, retailer, advertising reach, reach & frequency, Advertise on Fort Myers Radio, retail spending, advertising return on investment, advertising roi

What Marketers Need To Know About Advertising on Fort Myers Radio

Apr 23, 2023 12:14:04 PM / by Larry Julius

According to Nielsen, 877,056 adults tune in to their favorite Fort Myers radio stations every week. This is significantly more consumers than are reached by all other advertising-supported media, including local TV, local cable, streaming video, social media, online audio, and local newspapers.

Fort Myers radio's unchallenged reach is why many local business owners depend on the medium to capture the largest possible share of the $24.8 billion dollars consumers are expected to spend at retail this year.

Other Southwest Florida small business owners, however, may be surprised to learn that by most marketing metrics, radio remains the best way to advertise in Fort Myers.

Here are four more facts about AM/FM radio that may surprise many local marketers.

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Topics best way to advertise, streaming audio, radio advertising, How to Advertise on Radio, fort myers television, in-car listening, television advertising, television, in-car audio, local television, how to advertise, am/fm radio

Advertising In Fort Myers: Radio Ratings Exceed TV For First Time

Mar 21, 2023 9:15:49 AM / by Larry Julius

Every week, according to Nielsen, Fort Myers radio reaches 877,056 adults. This is more consumers than use any other medium, including local TV, local cable, streaming video, social media, online audio, and newspapers.

Reach, though, is only one component used to calculate ratings.  The other metric that contributes to the rating formula is the time spent using each medium. So, although for the past 10 years, AM/FM radio's reach has been significantly higher than the reach of local TV, consumers spent considerably more time watching TV. As a result of the math, TV has enjoyed higher ratings than radio.

For the first time, however, AM/FM radio ratings have exceeded local TV ratings by three percent among the key advertising demographic of 18-49-year-olds, according to Nielsen's Total Audience Data for the third quarter of 2023.

In the Fort Myers area, there are 380,049 18-49-year-olds, the majority of whom are millennials, a generation that now accounts for nearly one-third of all retail spending.

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Topics best way to advertise, millennials, radio advertising, fort myers television, fort myers tv, television advertising, millennial parents, television, cable tv, satellite tv, Advertise on Fort Myers Radio, streaming video, local television, streaming TV, streaming media, am/fm radio

Best Way To Advertise In SWFL: Furniture & Mattresses

Feb 23, 2023 3:00:00 PM / by Larry Julius

Over the next 12 months, according to Nielsen, 123,881 Fort Myers area households plan to buy furniture and mattresses. Based on a per capita forecast from Furniture Today, these expenditures will total $488.4 million during 2023, an $8.9 million dollar increase over 2022.

Although the forecast growth of furniture and bedding sales is expected to moderate a bit versus 2021, what retailer would not want to grab a share of the multi-million dollar category growth this year?

To capture a bigger share of the increased spending on chairs, couches, beds, tables, and mattresses will require local stores to invest in marketing. And according to most key metrics, the best way to reach local furniture buyers is with advertising on Fort Myers radio.

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Topics roi, retail, radio advertising, return on investment, furniture, retail sales, retail store, retailer, mattress, retail spending, advertising return on investment, advertising roi

Fort Myers Radio: The Best Way To Recruit Construction Workers

Feb 14, 2023 11:15:45 AM / by Larry Julius

Southwest Florida area construction companies will need to recruit 2,111 more workers in 2023 in addition to the normal pace of hiring. This forecast is a per capita estimate based on research from Associated Builders and Contractors (ABC).  

The frenetic pace of recruiting construction workers in SWFL is expected to extend into 2024, with an incremental 1,253 workers needed next year, as well, in addition to the normal pace of hiring.

Overall, the demand for construction workers in America has been increasing at an epic rate.

According to ABC, the construction industry averaged more than 390,000 job openings per month in 2022, the highest level on record, and the industry unemployment rate of 4.6% in 2022 was the second lowest on record, higher than only the 4.5% unemployment rate observed in 2019. In addition, national payroll construction employment was 231,000 higher in December 2022 than in December 2021.

Right now, filling open jobs at any Fort Myers company is a struggle.

A recent survey by the National Federation of Independent Business Owners found that after inflation, the most critical problem facing these businesses is the inability to recruit and retain quality employees.

Right now, says the Federal Reserve,  unfilled jobs remain near an all-time with 1.7 openings per unemployed person.  As a result, only one person is being hired per every four job openings.  To put this dismal hire-to-opening ratio in perspective, ten years ago, there was one hire per every job opening.

Compounding the recruitment woes of Fort Myers's small business owners is the very stubborn quit rate.  According to the Federal Reserve, for every ten hires made, seven current employees quit. 

So, how can local builders and contractors fill the open jobs at their companies? Most metrics indicate that advertising on Fort Myers Radio may be the best way.

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Topics radio advertising, radio recruitment advertising, recruitment advertising, employment advertising, help wanted, blue collar workers, internet job posting, passive job seekers, active job seekers, zip recruiter, construction, ziprecruiter, hire qualified candidates

Valentine's Spending In SWFL Expected To Grow 8.4% in 2023

Jan 26, 2023 1:46:10 PM / by Larry Julius

Southwest Florida business owners should brace for a sweet Valentine's Day in 2023.

Based on per capita spending forecasts from the National Retail Federation (NRF), Fort Myers area consumers are expected to spend $100.2 million on their Valentines this year, 8.4% more than they did in 2022.

Overall, says the NRF, 52% of consumers plan to celebrate Valentine's day this year. On average, each celebrant will spend $192.80 on holiday gifts and outings. This is $17 more than last year.  Here is the most interesting part, though.

"While spending on significant others and family members is in line with last year, many consumers are looking to show appreciation for the other meaningful relationships in their lives," says the NRF. "Of the $17 increase in per-person spending, $14 comes from gifts for pets, friends, and co-workers, along with classmates or teachers."

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Topics Reach, roi, retail, radio advertising, return on investment, valentine's day, retail sales, retail store, retailer, advertising reach, reach & frequency, retail spending, advertising return on investment, advertising roi

Advertise In Fort Myers: Top 5 Articles Of 2022

Dec 13, 2022 5:02:46 PM / by Larry Julius

For Southwest Florida area consumers, the past twelve months have been, to say the least, frenzied.  The year has been plagued with inflation, recession fears, coronavirus, mid-term elections, and geo-political drama. It seems, however, that these coinciding crises have not tempered consumer spending as local shoppers are on track to spend a record $19.2 billion at retail. 
 
What has changed during 2022, however, is how adults in the Fort Myers area consume media and how local business owners are marketing their goods and services to these shoppers.
 
To research the changing consumer and media landscape in Fort Myers, many local business owners have found the articles posted at www.AdvertiseInFort Myers.com helpful.  Below are the five most-read articles from that site during 2022:
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Topics radio advertising, advertise in Naples, advertise in Fort Myers, advertise in SWFL, How to Advertise on Radio, advertise in southwest florida, online advertising, digital advertising, Advertise on Fort Myers Radio, advertising options, how to advertise, internet advertising, 2022

Holiday Spending In Southwest Florida Will Top $3.6 Billion In 2022

Nov 11, 2022 4:37:42 PM / by Larry Julius

Economic concerns among Fort Myers area consumers are not expected to subdue holiday shopping in in 2022.  Based on forecasts from The National Retail Federation, local shoppers are projected to spend at least $3.6 billion this year. This would be 6% more than was spent in 2021.

“While consumers are feeling the pressure of inflation and higher prices, and while there is continued stratification with consumer spending and behavior among households at different income levels, consumers remain resilient and continue to engage in commerce,” NRF President and CEO Matthew Shay said. “In the face of these challenges, many households will supplement spending with savings and credit to provide a cushion and result in a positive holiday season.”

The biggest challenge facing Fort Myers business owners is keeping holiday spending local. NRF expects 10-12% of purchases to happen online from retailers like Amazon and Walmart.

To lay claim to this expanding pool of holiday spending,  and keep business local, small business owners will need advertising. By, most marketing metrics, the best way to advertise is on Fort Myers radio.

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Topics Reach, roi, radio advertising, return on investment, christmas shopping, holiday shopping, consumer spending, advertising reach, reach & frequency, holiday advertising, advertising return on investment, advertising roi

Advertising In SWFL: Is Online Marketing Enough?

Oct 21, 2022 9:55:08 AM / by Larry Julius

According to Nielsen, 952,337 adults in Southwest Florida have access to the internet. Eighty-one percent of these consumers conduct online research before making a retail purchase, says a report from GE Capital Bank. 

To reach Fort Myers area adults in the market to buy their goods and services, businesses spent $711 million in 2021 on digital adverting, according to projections based on the 2021 IAB Internal Advertising Report.  This is 35% more than was spent during the prior year.

This mammoth pool of online advertising dollars targeted at SWFL consumers is being spent on a variety of digital resources including search engine marketing (SEM), search engine optimization (SEO), display ads, video ads, audio ads, email, and social media. Each of these tools can precisely target consumers who are currently in the market to buy whatever it is a business is selling.

Most forms of online advertising are designed to compel Fort Myers consumers to click on a digital ad that will transport them to the website of a company that sells whatever it is consumers are in the market to buy.  Is investing only in digital advertising enough to drive sales for a local business? 

Many marketing experts believe that online advertising needs to be part of a broader marketing strategy to be successful.

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Topics radio advertising, online advertising, digital advertising, internet, internet advertising

Best Way To Advertise In Fort Myers: AM/FM Radio Still Rules

Aug 30, 2022 3:18:39 PM / by Larry Julius

Southwest Florida small business owners have an abundance of options for advertising their goods and services. Choices include local TV, local cable, social media, streaming video, streaming audio, podcasts, and newspapers.

The best way to advertise in SWFL, however, is local radio.

Every week, according to Neilsen, 862,932 adults tune-in to their favorite Fort Myers radio stations. This is significantly more than any other advertising medium.

In addition to the adults who listen to Fort Myers radio over-the-air, an incremental 16,200 adults connect to their favorite stations online as well using their phones, computers, and tablets. In all, according to Nielsen, 27.9% of all Fort Myers radio listeners listen both online and offline.

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Topics roi, best way to advertise, small business advertising, radio advertising, small business owner, swfl small business, southwest florida small business, return on investment, small business, small business marketing, advertising return on investment, advertising roi

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