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Best Way To Re-Introduce A Philadelphia Small Business To Consumers

Jun 5, 2020 2:55:29 PM / by Larry Julius

Delaware Valley 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 Pennsylvania shuttered the state on March 17 to slow the spread of COVID-19, Philadelphia area 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 1922, three local retailers each put a Philadelphia radio station on the air.  These included John Wanamaker's WOO, Strawbridge & Clothier's WFI, and Gimbel Brothers' WIP. 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, flooding, and blizzards. By any metric, advertising on Philadelphia radio remains the most effective tactic a small business owner can use post-pandemic, as well.

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Topics Best Way To Advertise, Effective Radio Commercials, Dayparts, Time of Day, roi, return on investment, commercial length, retail, small business owner, radio advertising, small business, Retail Sales, retailer, retail stores, reopen

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

Jun 3, 2020 1:10:12 PM / by Larry Julius

More than 85% of Delaware Valley households own at least one vehicle. 

Pre-pandemic, 76% of workers spent, on average, 66 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 Philadelphia area's $103.4 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 March 17, when the Governor of Pennsylvania 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 Delaware Valley, roads are filling up again.

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Topics Best Way To Advertise, Radio Advertising Works, roi, return on investment, retail, store traffic, consumer spending, small business owner, radio advertising, small business, Retail Sales, retailer, retail stores, in-car audio, vehicle traffic

What Happens When A Philadelphia Small Business Stops Advertising?

May 27, 2020 1:38:02 PM / by Larry Julius

Delaware Valley small business owners may perceive the continuation of advertising as a luxury right now. This is especially so when compared to the necessity for covering the costs of utilities, inventory, payroll, and rent.

Before pulling the plug, though, business owners from Doylestown to Cherry Hill must consider the consequences of 'going dark', a marketing term which means to stop advertising.

"According to our analysis, short-term decisions to go dark create significant risk for long-term revenue," says Ameneh Atai, Senior Vice President of Commercial Strategy at Nielsen. "This affects both incremental revenue and base sales."

"Our database of long-term effects models suggests that cutting ad spending for the rest of 2020 could lead up-to 11% revenue decrease in 2021," says Ms. Atai. "It could take three to five years of solid and consistent brand building to recover from an extended dark period of media."

"We have a ton of evidence in our historical analysis," adds Nielsen's Tsvetan Tsvetkov, Senior Vice President of Agency and Advertiser Solutions. "Companies that step away from advertising efforts for a period of time, whether it's a couple of quarters or a full year or longer lose the momentum they have built over time the minute they stop. To recover takes a long, long time."

To avoid the economic risks of going dark, Delaware Valley small business owners need to make sure every dollar spent on advertising produces solid returns.  By most marketing metrics, advertising on Philadelphia radio could prove to be the best option.

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Topics Best Way To Advertise, roi, return on investment, retail, small business owner, radio advertising, small business, reach, reach and frequency, Retail Sales, retailer, retail stores

Who'll Be Buying When Philadelphia Small Businesses Reopen?

May 19, 2020 7:16:00 AM / by Larry Julius

To slow the spread of COVID-19, the Governor of Pennsylvania shut down all but the most essential businesses in the state on March 17. This public safety measure inflicted a severe disruption to the Philadelphia area's $91.8 billion retail economy.

As local small business owners prepare for reopening, each must concentrate on supercharging their cash flows to compensate for many weeks of consumer abstinence. Turning the lights back on and hanging out a welcome sign might not be enough, though, to bring even the most loyal customers back.

Some customers may not return because of personal safety concerns. Other customers may have discovered alternative sources to purchase goods and services.

But, there is one thing every Delaware Valley small business owner can be assured of. Consumers will not return if they aren't aware that a business has reopened.

Advertising is a potent tactic for any Pennsylvania or New Jersey small business that needs to reintroduce itself to local consumers.

“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.”

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Topics Best Way To Advertise, retail, store traffic, small business owner, radio advertising, small business, Retail Sales, retailer, covid 19, coronavirus, corona, retail stores, crisis marketing, reopen

Coronavirus: Advertising In Philadelphia For Small Business Survival

Mar 24, 2020 10:42:33 AM / by Larry Julius

Delaware Valley 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 Philadelphia 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 Philadelphia radio.

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Topics Small Business Advertising, Pandora, Streaming Audio, roi, return on investment, newspaper advertising, retail, social media advertising, television advertising, radio advertising, facebook advertising, small business, Retail Sales, covid 19, restaurants, coronavirus, corona, retail stores

Keep Your Philadelphia Small Business Healthy During The Corona Crisis

Mar 16, 2020 1:47:06 PM / by Larry Julius & Bob McCurdy

The top concern of every Delaware Valley small business owner is the health and safety of their families and employees.  Local information and breaking news regarding the Coronavirus is available by clicking here.

Of course, a secondary concern is tending to the health of their business amid an overabundance of social and financial disruptions. 

There is one prescription that helped many Philadelphia area businesses survive the Great Depression of 1929, the economic crash of 2009, and every recession in between.  The Rx for keeping a business healthy during chaotic times is to continue advertising.

The best example of how advertising cand fend off tough times was shared by The New Yorker magazine financial columnist James Surowiecki.

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Topics Best Way To Advertise, retail, recession, small business owner, radio advertising, small business, Retail Sales, covid 19, restaurants, coronavirus, corona, retail stores

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