Local advertising has changed and evolved many times over the years. From newspaper and radio to current digital avenues like social media advertising and pay-per-click search engine ads.
Technology gets better and more accessible to businesses of all sizes over time and with it comes innovation in how small businesses are able to get their messages across.
Businesses in smaller more rural communities have yet to take full advantage of many modern forms of communicating with their customers and have opted to stick to more traditional methods. Let’s define traditional advertising and analyze its effectiveness in 2019.
Traditional advertising refers to commonly used methods businesses have used to reach local customers in the past. Think of it as newspaper ad spots (print), audio ad spots on the radio, or commercials on tv.
These were great ways of reaching customers new and old. Before smartphones, you couldn’t seamlessly listen to Spotify in the car or pull out your phone to see what deals the grocery store had. You needed to stay in touch with the community and the only way to do that on a local level was listening to the radio and reading the paper or watching the most local to you tv network.
In the past, someone who wanted to keep up in the community on upcoming events, local news or just wanted something to listen to in the car, would often turn to the local radio channel.
This was an easy sell to a business because, in those days, you only had tapes, CDs and radio channels. A business's message reached a vast majority of the local cars on the road + the passengers inside. What great penetration!
The newspaper was one of the few ways to stay in touch with what is happening in the community. So, businesses would buy ad spots there as well. Again, with the install base, another great method of advertising on a local level.
Even tv commercials have lost some of their appeal with more and more people replacing their cable boxes for streaming services like Netflix & YouTube.
The effectiveness of traditional advertising has waned over the years as the vast majority have opted to stream music and podcasts while driving and have turned to the ease of opening up Facebook/other social media platforms for local and national media coverage.
This doesn’t mean businesses can’t reach their current and prospective customers through these avenues, but their effectiveness has certainly dropped off tremendously.
Today businesses are competing with an array of distractions for their customer's time and unfortunately, the average person in 2019 just isn’t tuning in to local radio channels or picking up the newspaper like they used to.
Businesses just flat out have to communicate better, in the right places.
Digital Advertising in the Local Market:
Mobile phones aren’t going anywhere anytime soon, and time spent is increasing year over year. In 2018, reports have shown users spend upwards of 4 hours per day on their phones.
The sophistication of digital advertising provides businesses who are shifting their advertising focus online a leg up on their competition who’s still hanging onto their daily morning radio spot.
Let’s compare a business that spends advertising dollars in the newspaper (Company A), to one that mainly advertises online (Company B).
The typical entry price of a newspaper ad is $200. This would be a pretty small image with some text somewhere amongst the entire paper. Not off to a great start cost-wise.
The effectiveness of this ad will depend on:
1. Community resident gaining access to the paper
2. That person seeing the advertisement amongst the rest of the paper
3. They’re interested enough & convert on the call to action (CTA)
There are several problems with thi