Radio advertising might be seen as old fashioned especially with the rise of the Internet and other types of media and that their audience has decreased. This is not the case however. Commercial radio has a reach of more than 16 million Australians every week. 17 hours of the week are spent listening with the majority of it at home (49%) and in the car (32%). Below lists out a few benefits for advertising with radio:
Radio station already targets specific demographics and market segments. Therefore by choosing which station to broadcast with, you can lock in to your potential customers and increase the frequency of delivering your message.
Advertising works with frequency and reaching your audience repeatedly. Radio is the perfect medium for this, being able to expose your ad to the audience repeatedly to build awareness. Also due to the loyalty of listening to the same station, you are able to impact the same people more often.
Compared to written advertisement, sound is more effectively stored in memory. In addition, there is the ability to instill emotion and also allows listeners to use their imagination to create their own image of the product/service.
Radio advertising have significantly less costs compared to other types of media. Television and print ads can go up to hundreds of thousands including costs for video equipment, studio time, actors, models. Radios ads require less resources while being able to reach the same target audience that a television spot would of resulted in.
Lead times with print and television ads can be very long, especially with planning and may take up to a year for the ad to run. In contrast, producing a radio spot can occur between two to three weeks. Another advantage of this is the ability to adapt and react quickly to changing market conditions.
You can track results quickly and accurately compared to television where it may take months for measurable results or print media which can be even more difficult to track. Results for radio ads can be analysed on a daily basis, and if the message is not working in a week or two, a new radio spot can replace it efficiently as mentioned above.
With the widespread access people have to radio, even indirectly through shopping centres and supermarkets, radio continues to have a big presence in the advertising industry. Small businesses should continue to consider it as a top medium to advertise their product/services as the advantages over other resources remain strong.
Listen to our radio interview with Eagle Waves Radio at 26:35 with our founder and co-founder Phil Khor and Wendy Huang.