Reach Twice the Audience of a Super Bowl Ad with Radio

Reach Twice the Audience of a Super Bowl Ad with Radio

Marketers paid a reported $6.47 million for a network TV spot aired during the Super Bowl, reaching over 100 million viewers for 30 seconds.

What might have been a wiser investment? Radio. 

 

For the cost of a Superbowl ad, a marketer could reach over twice the audience (214 million radio listeners) for weeks or months—as opposed to just 30 seconds. For one-fifth of the cost of a Super Bowl ad, a marketer could reach half of the 25-54 demo in a monthly network radio campaign, Inside Audio Marketing reported. “At $300,000 per month, an audio campaign can achieve the same number of impressions as one 30-second Superbowl ad,” said SMI’s Senior Media Buyer Josh Knock. 

 

In addition to a wider audience, audio campaigns provide numerous benefits. Here are some key advantages outlined by SMI’s Media Team:

Frequency

  • There is no frequency with Super Bowl ad placements. With Audio, campaigns are developed to build and achieve frequency and brand awareness, whether it is through a targeted AM/FM campaign or through a multi-platform (SXM, Streaming, AM/FM) approach.
  • Frequency is important for consumer response. It is believed that an average listener needs to be exposed to a brand seven times prior to taking an action.

Nimbleness

  • With audio, if creative messaging does not prove effective, messaging can be changed with ease, making it a low-risk medium for advertisers. With Super Bowl ad placements, this is not doable. There is only one shot of resonating with the audience.
  • Audio advertisers have the ability to pivot should performance be a factor.

 

More Creativity

  • Due to the relatively low production costs associated with radio, it is easier to test multiple creatives in order to understand how messaging resonates with the listener.

Efficiency

  • For campaigns that are geo-targeted in nature, audio can easily target those geos, allowing for minimal waste in advertising dollars.
  • Audio campaigns can also target specific demographics relevant to the product or service that is being marketed.
    • Super Bowl ad rates are based on total reach, of hitting an extremely large viewership. Audio rates are reflective of rates needed in order to reach a target audience for the product or service, whether that audience is women 25-54, adults over 25, men 35-64, etc. 

Attention

  • Although people watch Superbowl ads, they are likely to be distracted while doing so, as there are a lot of other things going on at the same time. “A large majority of people are not actually engaged in watching TV ads,” said Network Buyer Jared Kulaga. “An example to support this can be seen in the increase in technology that allows viewers to skip ad placements, or to not receive ads at all.”
  • Audio, on the other hand, is consumed in an environment in which there is less distraction—such as in the car or streaming at work—which enables audiences to pay greater attention. 

“There is a fascination with watching Super Bowl ads,” said Senior Media Buyer Pam Wolfgram. “The fascination comes from the entertainment value that the ads present with the use of humor, the eliciting of emotions and the inclusion of celebrities in the ads.” However, for savvy marketers looking to reach wide audiences in order to raise brand awareness and drive sales, ad dollars would be better spent on audio.

At SMI, media plans are built to accommodate client budgets with the objective of achieving campaign goals. We consider targeted demographics, geographic restrictions, and behavioral components such as household income and education to pinpoint the most effective channels for growing your brand.

Are you ready to reach audiences with a cost-effective audio strategy? Contact SMI today.

AM/FM Radio Ads Boost App Downloads

AM/FM Radio Ads Boost App Downloads

In an effort to increase app downloads, Audacy recently launched a multi-media audio campaign across broadcast radio, digital streaming platforms, and podcasts. The campaign was hugely successful, driving 1.4 million app downloads. 

To determine which audio channel drove the most app downloads, Audacy partnered with data analytics firm Redbird. Their study found a clear winner: Broadcast radio. 

Broadcast radio generated the most downloads and achieved the best return on ad spend. “This channel proved to be the most effective and cost-efficient, driving 3.6 downloads for every $100 spent on advertising,” as Radio Ink reported. 

 

At SMI, we frequently use audio to drive app downloads. “Nearly every client we work with has an app to engage with their customers,” said Brooke Murray, Director of Strategic Growth. “For our clients who leverage their app for customer acquisition efforts, we have been very successful in achieving their KPI targets.” 

We have also found that other audio channels—not just broadcast radio—have successfully driven app downloads. And while a multi-channel audio approach can be helpful, it is not necessary to reach consumers on more than one audio medium for a campaign to achieve its goals.

“We don’t need to hit folks from every angle possible (ie. Radio, Streaming, SXM, Podcast) in order to achieve success,” said Murray. “One of our current clients is an example of that. They include their app in their customer acquisition funnel. We’re only running host-read podcast and their results are beating all of the KPI targets. Their success depended on finding the right target shows, executing the proper creative messaging through host endorsements, and having measurement in place to know how to react and optimize.” 

 

Do you want to drive app downloads through the proven medium of audio? Contact SMI today.

Radio Has an “Enduring Role” in Marketing Effectiveness, Study Finds

Radio Has an “Enduring Role” in Marketing Effectiveness, Study Finds

Radio has an “enduring role” in marketing effectiveness, concludes a new study by Peter Field, marketing expert who, along with Les Binet, has been dubbed one of the “godfathers of marketing effectiveness.”

 

Binet and Field have written some of the most well-known books on marketing effectiveness, including: Marketing in the Era of Accountability, The Long and the Short of It, Media in Focus, and Effectiveness In Context.

In his recent study, Field mined a data set of thousands of case studies from the Institute of Practitioners in Advertising (IPA) and found hard evidence for how AM/FM radio drives significant lifts in market share, pricing power, sales, profits, and ROI.  

 

This study was the first time an in-depth analysis had ever been conducted on the IPA marketing case histories for radio,” said Pierre Bouvard, Chief Insights Officer of the Cumulus Media | Westwood One Audio Active Group. Field analyzed thousands of case studies and compared marketers that included radio in their media plan and those that did not. Here are his key findings:

  • Marketers using radio generated 13% greater mental availability, the propensity of a brand to be noticed and thought of in buying situations.
  • Marketers using radio had 28% larger market share.
  • Marketers using radio saw a 42% lift in the number of companies reporting large profits.
  • Marketers using radio saw a 23% increased return on marketing investment. 

 

According to SMI Copywriter Payne Ratner, “‘Mental availability’ is just a new term for what has been called ‘top-of-mind-awareness’ for years. And top-of-mind-awareness comes from everything we’ve talked about in advertising. A spot that’s effective and memorable. Pinpoint media placement. Message frequency. And most importantly, a product that lives up to its promises. Without those there’s not much ‘mental availability.’”

 

I interviewed SMI’s Media Buying Team to obtain a better understanding of how the work we do helps our clients achieve mental availability. Here are some highlights from our conversation:

In their book 66 Ways To Screw It Up: How Not to Plan, Les Binet and Sarah Carter write, “The single most important factor driving brand preference is ‘mental availability’: how well known a brand is, and how easily it comes to mind. Brands with low mental availability tend to struggle, rejected in favor of more familiar rivals, or not considered in the first place. Brands with high mental availability don’t have to push so hard to sell, so tend to have higher market shares and better margins.” 

 

What does SMI do to increase mental availability?

“The key contributor to increasing a brand’s mental availability is to incorporate national and local broadcast placements (AM/FM Radio) into a brand’s overall audio strategy,” said Network Buyer Jared Kulaga. “Local broadcast greatly effects brand awareness through frequency, with national placements assisting with overall market reach. The combination of reach and frequency achieved on AM/FM Radio cannot be easily duplicated with other audio channels.”

 

Is there a link between scaling (and how do we define that term) and increasing mental availability. 

Yes, there is a link between scaling and increasing mental availability,” said Senior Media Buyer Josh Knock. “As a campaign increases budgets, they are increasing their reach and frequency within the marketplace. Consequently, the brand’s market share will increase leading to higher brand awareness, increasing overall mental availability.”

 

How do we recommend our clients achieve scale/mental availability?

“We recommend leaning into audio mediums that allow for high reach and frequency,” said Senior Media Buyer Pam Wolfgram. “The combination of national (high reach) and local broadcast (high frequency) placements as part of an overall audio strategy is a perfect combination to achieve campaign scale as well as increase the brand’s share of voice and mental availability.”

 

Are you ready to improve your brand’s mental availability through the proven medium of radio? Contact SMI today

Radio Listenership Holds Strong Despite Shifting Media Landscape

Radio Listenership Holds Strong Despite Shifting Media Landscape

Broadcast radio—which has existed for well over a century—continues to show remarkable resilience. Despite the rise of satellite radio, streaming audio, and podcasts, terrestrial radio has maintained a relatively stable listenership throughout the past decade. In contrast, pay TV audiences are rapidly declining.

Pew Research data published last year found that in 2009, 92% of Americans age 12 and up listened to broadcast radio in a given week. By 2022, that number dropped to 82%. However, pay TV viewership dropped at a much higher rate of 20 percentage points between 2014 and 2023, falling at a record pace in the third quarter of last year.

With so many media options to choose from, why do audiences continually turn to radio?

According to SMI’s Media Director Heather Hansen, “Being able to feel connected and find relevance in content is important to radio listeners, and that is what will engage them. Local radio gives listeners a platform to actively participate in discussions that they find personal and relatable. These are experiences that are not necessarily achievable through other mediums.” 

“Local radio helps to keep people informed about weather, sports and news events in their communities, said SMI’s Senior Media Buyer Josh Knock. “For many of us, it’s just part of our routine when we drive to and from work, or out for an errand.” 

Radio’s accessibility also contributes to its steady listenership. “Radio is found in all cars without associated costs,” said Hansen. “It provides content to listeners without an added expense, therefore making it widely available to a large percentage of the population.” Last year, Statista found that 73% of American drivers listen to the radio in the car, making it the number 1 audio source on U.S. highways. 

In the U.S., where people are inundated with monthly subscriptions, broadcast radio offers a cost-free alternative. “There are no paywalls or monthly subscriptions with radio,” said Jared Kulaga, Network Media Buyer at SMI. “The experience is entirely free of both cost and commitment.” 

Radio’s continued ability to draw loyal audiences is a tremendous benefit to advertisers. Buying media on local stations with well-known hosts—and on National networks with syndicated music, news-talk, sports, and entertainment personalities—has served SMI’s clients well. According to Kulaga, “We find there tends to be more listener loyalty with bigger personalities, average listening time is often higher, and it ensures your message achieves frequency with listeners.”

“Here at Strategic Media, we always find it interesting when studies reveal that radio listenership has remained stable over time,” said Bob Leonard, SMI’s Director of Business Development. “This is something we know. And with the strategies we’ve implemented, our clients haven’t just done well on radio, they’ve thrived.”

 

At SMI, our advanced tracking systems and attribution models enable us to optimize creative messaging and media selection not only month-to-month but week-to-week. “Knowing that one creative message works best the week before Black Monday and a different one works best the week after can make or break a company’s holiday campaign,” Leonard said.

“When you use radio the right way, it can be the most profitable medium in your marketing plan,” said Leonard.

 

Are you ready to reach loyal audiences on the resilient medium of radio? Contact SMI today

Do Americans Spend More Time Listening to AM/FM Radio or Podcasts?

Do Americans Spend More Time Listening to AM/FM Radio or Podcasts?

Edison Research’s latest quarterly “Share of Ear” report surveyed 4,000 Americans to measure daily reach and time spent with all forms of audio. Here are their key findings.

Nearly one out of every five minutes Americans spent listening to ad-supported audio in Q1 was spent listening to podcasts. This earned podcasts a 17% of the total share of ear, more than ad-supported SiriusXM (4%), ad-supported Pandora (4%), and ad-supported Spotify (4%). The winner? With a whopping 4 times the share of podcasting among adults 18 and over, AM/FM radio claims 71% of Americans’ total time spent with ad-supported audio. 

 

Podcast audiences are still growing, and among adults 25-54, the gap between time spent with AM/FM radio and podcasting is much smaller. Among that age group, broadcast radio’s lead is half as large, with 21% of ad-supported audio time spent with podcasting versus 52% of time spent with AM/FM radio.

 

“Podcast audiences have exploded,” writes Pierre Bouvard, Chief Insights Officer at Cumulus Media and Westwood One, on Westwood One’s Blog. According to Bouvard, “Prior to 2020, podcast audience growth was gradual. In 2021, podcast audiences went into hyper drive. Podcasts now have an 8.9 share of overall audio and a 17 share of all U.S. ad-supported audio.”

Among 18- to 49-year-olds, podcasts reach 34% of Americans daily, up four-fold since 2016. “Podcasting now has the scale that a lot of marketers said it lacked a few years ago—there is reach to be found in podcasting,” Bouvard said.

 

Podcasts are growing at an even greater rate among older adults, with adults 45-54 seeing a 633% increase from 2017 to 2022, and adults 55+ seeing more than 500% growth.

 

“Over the last few years we have seen an explosion of different access points in Podcasting,” said Andrew Nelson, Podcast Buyer at SMI. “With the medium taking up a larger and larger share of listening time, there is a show or network for everyone – meaning advertisers have a wider and more diverse audience to get in front of.”

 

Are you ready to hear your brand’s message where audio listeners tune into most? Contact SMI to advertise on AM/FM radio or podcasts today.