Thursday, January 28, 2016
Targeting the female demo should be good for radio revenue. According to Forbes magazine, women represent the largest market opportunity in the world. Globally, they control $20 trillion in annual consumer spending. In the next five years, it is expected that this number will rise to nearly $30 trillion dollars.
In the U.S., women have enormous control, and it's increasing. Reports range from $5-15 trillion, with Marketing Zeus citing sources that $7 trillion is contributed by women in the U.S. in consumer and business spending. Fleishman Hillard Inc. estimates that women will control two-thirds of the consumer wealth in the U.S. over the next 10 years.
Women handle the bulk of purchasing decisions for everyday items like groceries and clothing - even for those items targeted at men. In fact, 50% of products marketed to men are actually purchased by women. That's why items for men are often marketed with women in mind, as well. In addition to being responsible for most of the day-to-day purchases, women are also heading-up or influential in large ticket purchases like cars, homes and appliances.
And more than 70% of Boomer couples are dual earners. Thanks to Boomer women, these two-paycheck families bring home a lot more money. Married couples account for 82% of households with income of $100,000 or more.
Do you understand them?
"One of the big mistakes companies make is assuming women are all about the warm and fuzzy, and they're not," says Marti Barletta, founder of TrendSight and "high priestess of marketing to women." "They want all the same things men do and then some."
Anna Shaw from Smart Design, a design and innovation company with a lab that focuses on female consumers. told Inc. magazine that companies flounder when they interpret women as "smaller, softer humans." "Companies need to understand who she is, what are her emotions, what are her values," says Shaw.
Gabe Rosenberg of the brand and content strategy company Contently, says brands need to smarten up about women and engage with them to understand the nuances and expansive definition of who women and men are in America. "The heart of the matter," he explains, "is that brands, marketers, and advertisers all need to be in conversation with women about what they buy, what they respond to, and what will encourage them to be loyal to a brand."
WOMEN ARE BIG SPENDERS
Women aged 50+ have a combined net worth of $19 trillion. Women aged 50-70 are the largest segment of female consumers and are by far the biggest spenders. Prime Timers have higher incomes, greater net worth and stronger spending than younger adults. They have the freedom and disposable income to make purchases.
PASSING THE TORCH
Like Boomer women before them, today's young women are earning college degrees and set to transform the work place and, in turn, the marketplace. According to the Harvard Business Review, women are obtaining higher education degrees at rates higher than men. It also reports that the 1 billion women in the workforce will grow to 1.2 billion in the next five years.
According to Muhtar Kent, Women control over $20 Trillion in world-wide spending.
Women have tremendous spending power in America today-and it's growing. Market estimates about their total purchasing prowess varies, ranging anywhere from $5 trillion to $15 trillion annually.
With statistics like this, are you tapping into the female marketplace that is available through HealthyLife.net? To see the super saver rates offered go to: <http://www.healthylife.net/RadioShow/AdvertisingA.htm> and advertise on radio! You may have been missing the very market that has been looking for what you do and supply. Don't ever under estimate the power of women!
Call 800-555-5453 for more information.
Boston Consulting Group survey "What Women Want"
Monday, January 11, 2016
Radio, one of the 1st in original mass media, continues to play a big part in the lives of Americans everywhere-with 245 million Americans listening weekly of which194 million tune in through digital internet radio. That means more than 91% of Americans (age 12 or older) tune in each week.
In today's rapidly evolving world of consumer choice and technological advancement, audio becomes an even more integral part of our lives. Internet Radio is a trusted companion all throughout the day and not just in 'drive time' like traditional radio. Although traditional radio has taken away local radio in the U.S., internet radio networks like HealthyLife.net have integrated local based radio into their program schedules. This gives their local community a voice and a specified audience.
For advertisers, radio delivers a mass audience in real-time across markets large and small that is highly qualified; HealthyLife.net Radio also delivers the advertisers message after real-time delivery with on demand listening and podcast downloads. The vast majority of radio listeners are in the workforce and with Internet Radio they listen at work. More than three quarters of the national adult audience works full or part time during the week.
How Big Is Radio's Reach?
It's no secret, radio's reach is unprecedented. According to the recent All Access Q2 2015 Audio Today Report 245 million Americans aged 12 years old and older tuned to radio during an average week. However, while the bigger markets often grab the headlines, small and medium markets are still viable because you can reach them all at the same time on Internet Radio which goes beyond the traditional radio 50 -500 watt footprint to cover local, national and the world.
The report also noted that the majority of consumers in these markets are connecting to the radio and spending a lot of time listening as well. More than 86% of consumers tune in during the week and spend more than 15 hours of their media time with radio.
However, here's a tip... remember in advertising it is not how many people you reach, it's how many times you reach the same person - and with HealthyLife.net's 14 year loyal and growing audience, as a HealthyLife.net advertiser, you are always maximizing your reach. To see how a HealthyLife.net ad can help you - email: firstname.lastname@example.org.