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Why Philadelphia Tax Preparation Professionals Must Advertise

Nov 12, 2019 4:54:30 PM / by Larry Julius

By April 15th next year, 2.1 million residents in the Delaware Valley will file a tax return.  More than 53% of these returns will be completed by the taxpayer themselves, either by hand or with the help of an online provider like Turbotax.

Every season, Philadelphia area small business owners who specialize in tax preparation services lose customers to the do-it-yourself options.  This year, 975,000 local consumers will spend $188,000,000 with tax professionals. But, based on the average cost of services, more than $215,000,000 will stay in the wallets of the DIY crowd.

To clawback this enormous amount of money from the DIY market, local tax services will need to advertise the valuable benefits of using a professional.

The best advertising option for tax professionals is on Philadelphia radio stations. Here's why.

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Topics Best Way To Advertise, Advertise On Philadelphia Radio Stations, retail, social media advertising, television advertising, consumer spending, small business owner, tax preparation, professional services

Creating Top Of Mind Awareness For A Philadelphia Small Business

Nov 8, 2019 1:00:00 PM / by Larry Julius

It's a fact. Unless a consumer remembers your business when it comes time to buy, then it is likely they will purchase from someone else. Staying top of mind, therefore, is critical for every Delaware Valley small business owner who wants to grab a share of the area's $101-billion retail market.

Advertising on Philadelphia radio provides local business owners with the most affordable way to move to the top of customers' minds. But, before discussing how to get remembered, we must understand why consumers forget.

Every second, local consumers are exposed to 11,000,000 pieces of data. A consumer's brain, however, is only capable of dealing with about 50 pieces of this data at a time. So, if my calculus is correct, a consumer forgets approximately 10,999,950 things every second.

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Topics Best Way To Advertise, Advertise In Philadelphia, return on investment, top of mind awareness, retail, store traffic, small business owner, radio advertising, frequency, repetition

Where Will Philadelphia Consumers Do Their Holiday Shopping?

Oct 31, 2019 11:15:00 AM / by Larry Julius

Delaware Valley shoppers are expected to spend $12 billion this holiday season.  This will be approximately 4% higher than last year. These estimates are based on forecasts by the National Retail Federation and Deloitte.

To claim a fair share of the Christmas cash, local small business owners will need to battle some giant competitors. Advertising on Philadelphia radio stations may be the perfect weapon to ensure success.

According to information published in the retail trade magazine Chain Store Age, as of right now, here is where consumers are planning to shop...

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Topics retail, store traffic, best time to advertise, holiday shopping, consumer spending, small business owner, radio advertising, holiday spending

Market To Delaware Valley Pet Owners: Small Business Guide

Oct 28, 2019 8:18:00 AM / by Larry Julius

Delaware Valley small businesses that sell products or services to pet owners should sit up and take notice.  Local consumers will spend $1.2 billion this year on behalf of Fido and Fluffy. This amount has increased 323% since 1994, with no sign of letting up.

According to the American Pet Products Association, here's how local spending on furry companions breaks down:

  • Food: $477,474,000
  • Supplies/OTC Medicine: $256,205,000
  • Vet Care: $291,143,000
  • Live Pet Purchases: $22,062,000
  • Other Services: $34,937,000

The biggest month for sales of pet-related products and services in the Delaware Valley is, by far, December. That is when 10.5% of all annual spending happens in this category.

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Topics Best Way To Advertise, newspaper advertising, retail, social media advertising, television advertising, small business owner, radio advertising, pet owners, pet owner

Where Do Delaware Valley Consumers Spend Their Money?

Oct 15, 2019 7:47:00 AM / by Larry Julius

Delaware Valley consumers are expected to spend $103.4 billion at retail this year, according to Nielsen. This means that every household, on average, will be paying out $50,228

To capture a larger share of these dollars, local small business owners need to know the answer to two questions.

The first question is, where is this enormous amount of cash being spent?  The list below details the answer.

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Topics Small Business Advertising, Best Way To Advertise, Advertise On Philadelphia Radio Stations, retail, consumer spending, small business owner

Holiday Shopping: Delaware Valley Retailers Prepare For A Big Year

Oct 11, 2019 7:17:00 AM / by Larry Julius

Delaware Valley consumers are expected to spend $12 billion on this year's holiday shopping, based on predictions by the National Retail Federation.  This would be a 4% increase over last year.

Deloitte, one of the world's top four accounting firms, forecasts similar growth.

"The projected holiday season growth is, in part, due to the current health of the labor market,” said Daniel Bachman, Deloitte's U.S. economic forecaster. “Near record-low unemployment rates, coupled with continued monthly job creation, may encourage people to spend more during the holiday season. The economy is still growing, albeit at a slower rate. Additionally, we continue to see consumer confidence elevated, which also helps boost holiday spending."

For most Delaware Valley retailers, holiday spending brings in about 20% of annual sales But, long gone are the days when the bulk of this shopping occurred between Black Friday and Christmas.

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Topics Delaware Valley Small Business Owner, Philadelphia Small Business Owner, Small Business Advertising, Best Way To Advertise, Advertise On Philadelphia Radio Stations, Advertise In Philadelphia, retail, christmas shopping, holiday shopping, black friday

The New SHEconomy: Is Your Delaware Valley Business Benefiting?

Oct 8, 2019 12:15:00 PM / by Larry Julius

Last week, according to Nielsen, 1,053,393 single, adult women tuned-in to a Philadelphia radio station.  This is 91.1% of every consumer who fits this description.

Why should Delaware Valley small business owners take note of this demographic? A study by investment bank Morgan Stanley finds 41% of working-age women are single. That number is expected to increase to 45% over the next ten years.

The study, called 'Growth of the SHEconomy', indicates that single women outspend the average household in many retail categories. Remarkably, says, Erica Sweeney of MarketingDive, "Women purchase more than half of products traditionally considered 'male' including autos, home improvement products, and consumer electronics."

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Topics Delaware Valley Small Business Owner, Philadelphia Small Business Owner, Best Way To Advertise, Advertise On Philadelphia Radio Stations, retail, marketing to women, SHEconomy, advertising to women

Recession Advice For Delaware Valley Business Owners: Keep Advertising

Sep 27, 2019 8:41:00 AM / by Larry Julius

There have been more recessions in America than presidents, 47 vs. 45.  Many economists believe number 48 is looming.  

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 Delaware Valley small business owners sell fewer of their goods and services.

There is one thing a recession is not.  It is not a time for Philadelphia area small 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."

What you had for breakfast this morning may prove Mr. Ford's observation.

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Topics Delaware Valley Small Business Owner, Small Business Advertising, Best Way To Advertise, Advertise On Philadelphia Radio Stations, Advice, roi, return on investment, retail, recession

Delaware Valley Retail: How Business Owners Scare-Up Halloween Sales

Sep 25, 2019 3:14:00 PM / by Larry Julius

Based on information from the National Retail Foundation, Delaware Valley consumers will be spending $138 million on Halloween this year. 

Typically, 80% of all Halloween shopping, according to the NRF, will occur between now and October 16.  The remaining dollars will be spent in the last 14 days leading up to the holiday.

Nearly 53% of consumers in the Philadelphia area are expected to participate in Halloween this year, each spending, on average, about $86.  This money will go towards the purchase of candy, decorations, costumes, pumpkins, and greeting cards.

Almost every type of local small business enjoys a taste of this spending. This includes hardware stores, convenience stores, craft stores, fabric stores, thrift stores, florists, card stores, consignment shops, haunted houses, home decor store, bakeries, and, of course, candy stores.

To claim a significant share of this Halloween cash will require local small business owners to advertise.  The key to successful advertising is reaching as many Halloween shoppers as possible over the next four weeks.

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Topics Delaware Valley Small Business Owner, Small Business Advertising, Best Way To Advertise, Advertise On Philadelphia Radio Stations, Advertise In Philadelphia, advertise in delaware valley, retail, store traffic, halloween

Advertising On Philadelphia Media: Best Options For Business Owners

Sep 16, 2019 7:39:00 AM / by Larry Julius

Advertising is critical to the success of every Delaware Valley small business owner.  One of the most powerful elements of any advertising campaign is how many people it reaches.

Nielsen, the world's largest consumer insights company, found that advertising reach has a more significant effect on sales than branding, recency, and context.

There are many ways a local business owner can advertise. This includes traditional media like Philadelphia radio, local TV, and newspaper. It also includes online advertising options such as Facebook, Instagram, and Pandora.

They type of customer an individual business needs to reach depends on the goods and services the company sells. For instance, a daycare operator might want to reach households with young children. On the other hand, a real estate agent could be looking for consumers in the market to purchase a new home.

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Topics Delaware Valley Small Business Owner, Philadelphia Small Business Owner, Small Business Advertising, Best Way To Advertise, advertising on Philadelphia radio, newspaper advertising, retail, social media advertising, television advertising

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