WWO: Amazon Prime Day and AM/FM Radio
The Cumulus Media | Westwood One Audio Active Group blog looks at the Amazon Prime Day event and heavy users of AM/FM radio and podcasts. Several studies indicate that these heavy users are more likely to make purchases during these sales which is a good reason for retailers to use AM/FM and podcasts in their holiday marketing plans. Some of the takeaways from the blog include: 1) AM/FM radio and podcasts are
ideal medium platforms for retailers and e-commerce brands: Heavy audio listeners are more likely to shop online. Heavy AM/FM radio and podcast listeners also spend more online than TV viewers. AM/FM radio listeners and heavy podcast listeners over-index on Amazon Prime membership and purchase intent; 2) AM/FM radio makes your TV better – “20 gets you 50”: Nielsen Media Impact optimizations reveal shifting more media weight to AM/FM radio generates significantly more reach, especially among younger demographics 18-49. AM/FM radio does an extraordinary job increasing campaign reach among light TV viewers, who are far less likely to see retailer TV ads. The rule of thumb is “20 gets you 50”: a 20% shift of a TV media budget to AM/FM Radio generates a 50% increase in reach; and 3) Audio holiday AM/FM radio campaigns work: Consumers exposed to an Amazon holiday AM/FM radio campaign have higher brand equity (awareness, ad recall, prior purchase and purchase intent). Nielsen sales effect studies reveal AM/FM radio campaigns for retailers generate significant return on advertising spend: $15 dollars of incremental sales for every dollar of AM/FM radio advertising. See the full blog post here.
Whenever possible, USA consumers will pay cash, and they’re paying-down credit card balances, per recently released 