Making Money On-line: Companies Seeing Success With Radio Ads

Thursday, 26 October 2017

Companies Seeing Success With Radio Ads

Companies Seeing Success With Radio Ads written by Guest Post read more at Duct Tape Marketing

Radio – a thing of the past, right? Not anymore. Between internet radio, the uprise of podcasts and mobile apps, radio is alive and better than ever. Which means as marketers, we should be thinking about how to leverage this channel.

I’ve spoken with three small tech companies in the past two months that have had a ton of success with radio ads. These aren’t even B2C companies – they’re selling software platforms! So why are companies investing in radio ads, and what are the secrets to seeing success with them?

Inexpensive

“So many of radio’s traditional sponsors have moved their ad dollars online that prices for radio commercials have fallen,” writes Randall Stross of NYTimes. “The economics of radio advertising sometimes make it useful in reaching small but important groups of prospective customers.” Think inexpensive but highly targeted marketing – that’s a win.

Targeted Audiences

Radio hosts (and many podcast hosts) have a dedicated listener base. There is a familiarity and trust between the host and their audience. So when a host endorses a solution, it automatically carries more weight than if a listener were to scroll through an internet display ad.

Low Competition

Like previously mentioned, radio’s traditional sponsors have moved their ad dollars online, and newer companies aren’t thinking of radio as a viable advertising platform. This results in low competition, which means higher exposure and cheaper costs for you.

Easy, Cheap Production

You could record a radio ad right now, on your phone. All you need is a high-quality audio device and a 3-8 sentence-long script. This also opens the door to inexpensive A/B testing, where you could try different scripts and see which messaging resonates most effectively with audiences.

Access to Micro-Influencers

AdWeek defines micro-influencers as social accounts with 30,000 or fewer followers. Given these are referring to social accounts, there are plenty of popular radio shows and podcasts that have 30,000 followers on, say, Twitter or Instagram.

Micro-influencers are often more involved with their audiences than celebrity accounts and are also more reachable from a marketer’s perspective. Building an ongoing, healthy relationship with some of these podcast or radio micro-influencers can be tremendously beneficial to your brand for the long-haul.

Frequency

“Most local businesses cannot afford the necessary three-times-plus frequency that effective advertising demands – except on the radio. Radio is the reach and frequency medium you can afford,” writes RadioAdvertisingFacts.com. It’s a great point – we still use annoyingly repetitive outreach tactics in sales and other, more expensive, areas of marketing (think cold calling and targeted display ads) – and we do it because it works. So why not do it for half the price with radio ads?

Reliability

When it comes to local radio ads, we aren’t reliant on a high-speed internet connection or a 4G network to make sure we reach our audience. Even if the radio host isn’t at work that day, they’ll still be running your scripted ad recording.

Mobility

Smartphones pretty much allow us to access other types of ads at any time of the day, but there’s one that radio can always beat them on: when you’re driving. Radio is the only channel of advertising that’s possible while driving simply because it’s the only one that doesn’t require your eyesight. Radio is more mobile than any other advertising channel.

Tips for Running Your First Radio Ad Campaign

Who is your brand’s target audience? Which radio stations and podcasts are they listening to? Build a buyer persona for them. Consider their outside interests and find micro-influencers related to those interests as well. For example, many salespeople religiously follow football – so try targeting both sales/business and football radio outlets.
Consider the quality of production. Although I mentioned above that you could record your own ad on your phone at this very moment, I don’t recommend doing that. Radio stations are entertainment engines and their promotional ads should match that. Work with your team to (ideally) include humor, unique sounds or soundtracks to make your ad be memorable.
Radio ads can be a little trickier than modern advertising tactics when it comes to tracking ROI. This is largely because your radio ad’s call-to-action will probably be the narrator saying (and/or spelling out) your website name. Obviously, you can’t attach tracking code to a radio ad, and directing people to your main homepage doesn’t make for a unique landing page either. This is why it’s important to figure out beforehand how you’ll measure success.For example, try making a landing page with a URL nearly identical (and as short as possible – since the narrator will have to read it) to your homepage. This gives you a way to attribute all traffic coming solely from your radio ads.

So what are you waiting for? Jump on radio advertising now while it’s still cheap and easily accessible!

About the Author

Hilary Bird combines her interests in tech and marketing with her fascination of interpersonal communication by studying how tech is continually reshaping the way we communicate. She is a digital journalist with over three years of experience in the startup marketing world. You can follow her on Twitter at @Hilbonix.