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Larry Julius


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Best Way To Advertise In Wilmington: Furniture & Mattresses

Feb 23, 2023 3:39:58 PM / by Larry Julius

Over the next 12 months, according to Nielsen, 80,547 Wilmington, Delaware area households plan to buy furniture and mattresses. Based on a per capita forecast from Furniture Today, these expenditures will total $287.4 million during 2023, a $5.2 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 Wilmington radio.

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Topics roi, return on investment, retail, radio advertising, reach, mattresses, furniture, reach and frequency, Retail Sales, retailer, retail stores, retail spending, advertising reach, return on advertising investment, advertising roi, home furnishings

Wilmington Radio: The Best Way To Recruit Construction Workers

Feb 15, 2023 11:50:48 AM / by Larry Julius

Wilmington, Delaware, area construction companies will need to recruit 1,242 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 Wilmington is expected to extend into 2024, with an incremental 737 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 Wilmington 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 Wilmington'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 Wilmington Radio may be the best way.

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Topics Recruitment Advertising, Blue-Collar Workers, Find Qualified Job Canidates, radio advertising, employment advertising, online job boards, passive job seekers, active job seekers, zip recruiter, radio recruitment, hire qualified candidates, construction workers

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

Jan 26, 2023 2:59:16 PM / by Larry Julius

Wilmington, Delaware are business owners should brace for a sweet Valentine's Day in 2023.

Based on per capita spending forecasts from the National Retail Federation (NRF), Wilmington area consumers are expected to spend $58.9 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 roi, return on investment, retail, radio advertising, valentine's day, reach, reach and frequency, Retail Sales, retailer, retail stores, retail spending, advertising reach, return on advertising investment, advertising roi

Top Priority For Wilmington Small Business Owners: Fill Open Jobs

Jan 21, 2023 1:21:51 PM / by Larry Julius

84,675 Tri-State area companies fit the description of being a small business, according to the US Census Bureau.  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 Wilmington Delaware's small business owners is the very stubborn quit rate.  According to the Federal Reserve, for every ten hires made, seven current employees quit. 

Although the labor crunch affects Wilmington business owners of every size, nearly half of all job vacancies are at companies with fewer than 50 employees.

So what is the best way for local small business owners to attract qualified candidates to fill open jobs?  Most metrics indicate that advertising on Wilmington radio may be the optimal choice.

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Topics Recruitment Advertising, Blue-Collar Workers, Find Qualified Job Canidates, white collar workers, help wanted, online job boards, passive job seekers, active job seekers, zip recruiter, radio recruitment, construction workers

TV Advertising In Wilmington: Local Stations and Cable Losing Ground

Dec 20, 2022 9:50:22 AM / by Larry Julius

The combined weekly reach of Wilmington, Delaware's broadcast television stations has slipped to 66.2% of all adults, according to Nielsen. These include area television stations like WDPN, WPPX, KYW, WCAU, and WHYY  

The combined Wilmington TV audience now falls behind cable programming at 80.4% and just ahead of streaming platforms at 64.4%. To put this virtual dead heat into perspective, none of the three video media is a match for Wilmington radio which reaches more than 83% of local adults every week.

But although the reach of broadcast TV, cable, and streaming are neck-and-neck, the share of time consumers spend with each of these media is dramatically different.

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Topics television advertising, pay-TV, cable television, television, cable tv, ott, ctv, streaming video, SVOD, avod, local television, streaming media, streaming TV

Advertise In Wilmington: Top 5 Articles Of 2022

Dec 14, 2022 12:10:57 PM / by Larry Julius

For Wilmington, Delaware 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 $11.3 billion at retail. 
 
What has changed during 2022, however, is how adults in the Wilmington 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 Wilmington, many local business owners have found the articles posted at www.AdvertiseInWilmington.com helpful.  Below are the five most-read articles from that site during 2022:
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Topics Online Advertising, radio advertising, digital advertising, best way to advertise in wilmington, advertising options, internet advertising, how to advertise, advertising in wilmington, 2022

Surprise? Wilmington Radio Is Still #1 Way To Reach Local Consumers

Nov 30, 2022 4:34:23 PM / by Larry Julius

Wilmington, Delaware area business owners have an abundance of options for marketing their goods and services to local consumers. New research from Nielsen, however, indicates that advertising on Wilmington radio is still the best way to reach local shoppers.

Every week, according to Nielsen, Wilmington radio reaches 487,506 adults. This is significantly more than are reached by social media, local TV stations and cable systems, newspapers, streaming video and audio, and podcasts.

In addition to listening to their favorite Wilmington radio stations over the air, Nielsen reports that 106,984 adults also listen to local stations online every month.

As a matter of fact, according to a study conducted by Edison Research during the third quarter of 2022, among Adults 25-54, 17% of all time spent listening to local AM/FM stations occurs online. This share of online listening has nearly doubled since 2016.

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Topics return on investment, reach, reach and frequency, advertise on wilmington radio, best way to advertise in wilmington, advertising reach, return on advertising investment, advertising roi, advertising in wilmington

Holiday Spending In Wilmington Will Top $2.1 Billion In 2022

Nov 11, 2022 5:18:30 PM / by Larry Julius

Economic concerns among Wilmington, Delaware 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 $2.1 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 Wilmington 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 Wilmington radio.

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Topics roi, return on investment, christmas shopping, holiday shopping, consumer spending, radio advertising, holiday spending, reach, advertise on radio, consumer confidence, holiday advertising, advertising reach, return on advertising investment, advertising roi

Advertising In Wilmington: Is Online Marketing Enough?

Oct 23, 2022 11:16:21 AM / by Larry Julius

According to Nielsen, 558,721 adults in the Wilmington, Delaware area have access to the internet. Eighty-three percent of these consumers conduct online research before making a retail purchase, says a report from GE Capital Bank. 

To reach Wilmington area adults in the market to buy their goods and services, businesses spent $430 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 Wilmington 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 Wilmington 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 Online Advertising, radio advertising, digital advertising, internet, internet advertising

Digital Advertising In Wilmington: How To Get Found Online

Sep 30, 2022 1:44:02 PM / by Larry Julius

Last year, $425 million in marketing was spent online to reach Wilmington, Delaware area consumers, according to projections based on the 2021 IAB Internal Advertising Report.  This is 35% more than was spent during the prior year.

There is a correlation between the massive amount of money being spent to reach Wilmington consumers online and the extraordinary amount of time that these consumers are connecting to the internet via websites and apps.

According to Nielsen, 51.2% of Wilmington adults are spending 10-plus hours during an average week online. Furthermore, The Pew Research Center, a public opinion research company, reports that one-in-three consumers say they are online constantly. A 50% increase from 2015.  In all, 85% of consumers say they connect at least once daily.

To successfully market and advertise a Wilmington business on the internet requires a full-scale understanding of precisely what online marketing is.  Spoiler alert, having a website or having a social media site is not enough.

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Topics social media advertising, Online Advertising, website traffic, digital advertising, website visits, social media, online shopping, google, internet, internet advertising, sem, seo

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