That's an IMPORTANT point.
When I ask most station owners and managers, "How's business?" they'll often say, "We're OK this month."
When I ask, "How's national?" they say "Don't ask."
ONE YEAR FROM TODAY, ask gently.
Why: 2006 is "a political year;" 2007 won't be.
The only reason many radio and TV stations are making budget right now is Campaign2006.
By law, CANDIDATES' ads qualify for the station's "lowest unit rate."
But, on the positive side, there's a PILE of business there, BEFORE Christmas shopping business kicks in.
AND it's cash-in-advance business, which stations love.
What Rhode Island stations are REALLY lovin' is political "issue advertising," ads for ballot questions. Reliable industry sources tell me that Harrah's is spending between $87K and low-six-figures PER DAY in the Providence market. Good News/Bad News. Good News: stations make budget...in 2006. Bad News: here comes 2007.
Local business -- especially "local direct" (meaning advertising-bought-BY-the-advertiser, not via an ad agency) -- is the most valuable business a station can write. Crafting an approach that, creatively, addresses the advertiser's specific needs is a win-win. These can be long-term deals, because they get the job done.
But Quality Control is the ballgame. If there's "a fit" between the station, the-advertiser's-target-customer, and the-product/service-being-advertised, radio's hard to beat. Admittedly, there's lots of poor advertising. Blah blah blah copy doesn't work...on radio, on TV, in print, on billboards, anywhere. But when everything clicks, it's a beautiful thing.
Sweetest-of-all, "NEW local direct," meaning that the station sales rep FOUND new business, new advertisers. Stations often pay highest Sales commission for these deals.
Even with all the media choices advertisers have -- heck, BECAUSE-of the explosion of marketing options -- carefully-planned, well-executed local radio advertising can still be the-most-cost-efficient marketing there is.
Local radio CAN be the best friend the local retailer has...especially if the local retailer is defending against national "big box" chain stores.
Good evening from Madison, Wisconsin,
HC
www.HollandCooke.com