WOWO’s Baby Boomers Still Want to Spend Money With You

WOWO’s Baby Boomers Still Want to Spend Money With You

by | Aug 23, 2022 | Marketing and Advertising Insights, ScLoHo's Collective Wisdom, The Not-So-Secret Writings of ScLoHo, WOWO Fort Wayne Radio Advertising with Scott Howard

6 years ago, May 2016, I wrote an article titled, WOWO’s Baby Boomer Audience Wants To Spend Money with You.

It’s still true.

Despite all that has happened the past 6 years with the economy, with politics, with.. well, you name it… the WOWO Radio Audience has money to spend and they are spending it every week.

I’m getting some fresh research into our audience and the audiences of other media and it is fascinating.  I also have more than 6 years of antidotal stories of businesses using WOWO than I had when I first wrote the original story. What follows is what I wrote in 2016 with a few updates.

I’m going to lay this out for you, Mr/Ms Business Owner in the Fort Wayne area:

WOWO’s Baby Boomer Audience Wants To Spend Money With You

A lot of attention is given to the under 50 crowd because, well, people over 50 are nearly dead,  Or dead broke.  Or drooling toothlessly in their soup, or…

I wonder what other myths you have about Baby Boomers? I found an article that addresses some of them.  We’re going to look at them in a second.

First the relationship between WOWO & Baby Boomers.  WOWO radio was the radio station we listened to as school kids to find out if we had to go to school or if old man winter caused the school’s to close or delay.  As a 6 year old when my family first moved here, we learned that Bob Siever’s was Mr. WOWO with all the answers in the 60’s and 70’s, (my youth).

Now in 2022 WOWO continues to have the most loyal audience in town of adults over 21 years old and the biggest chunk of those 60,000 weekly listeners are baby boomers.

Let’s break some Baby Boomer myths from the article:

Who’s got the money to spend? Boomers accounted for 70% of the disposable income in the United States in 2012, and they will continue to be the wealthiest generation in the country until at least 2030, when they’ll still have nearly 45% of the disposable income. Ten years later, in 2022, Baby Boomers still have more than half the wealth in the United States according to the Federal Reserve.

Here’s 3 more from the article:

1. Baby boomers are not tech-savvy.

Both Steve Jobs and Bill Gates were born in the boomer years, and their generation was the first to experience the massive productivity increases that technology can drive.

Baby boomers are just as tech-oriented as are younger generations. Eighty-two percent of Boomers use Facebook, with 15.5% spending more than 11 hours per week on the site. Boomer women are also one of the fastest-growing categories on Pinterest. They also spend more time consuming and sharing content online than do other demographics.

In 2022, Boomers are also using Instagram, and doing online shopping.  Boomers are even teaching their grandkids how to use technology!

2. Baby boomers are reluctant to spend money.

Adults 55-64 consistently outspending the average consumer in nearly every category.

In fact, if taken as their own economy, the 100 million Americans who are aged 50 and over would rank the third largest in the world behind the U.S. and China. When it does come to retirement, however, two-thirds plan to spend more time doing things like shopping, traveling and entertaining.

And some more numbers from 2022:

  • Baby boomers account for about 38 percent of pet spending. [Source: Pet Business Professor]
  • Baby boomers increased their spending on new clothes by 28 percent compared to before the pandemic. [Source: Retail Dive]
  • 59 percent of baby boomers are willing to pay extra for socially compliant, sustainable products. [Source: Deloitte]

3. Baby boomers are old fashioned.

A recent study called Baby boomers “media-loving, eternally optimistic, self-indulgent consumers.” Now that they’re rid of burdens like college tuition, mortgages, and child care expenses, they’re looking to re-tool themselves and re-define their lives. Now rid of debts and obligations, they have the means to do it.

My 2022 update: Baby boomers are no longer the largest generation, but they do possess more wealth than Gen Xers, millennials and Gen Zers. With high average spending and a propensity to indulge in luxury purchases, baby boomers have an outsized effect on the overall health of the economy.

 

Want some examples of Boomers?  Boomers are not your elderly grandparents. Prince was a baby boomer. So was David Bowie. George Clooney, Barak Obama, Donald Trump, Bill Clinton, Paula Abdul, Jeff Bezos, Tom Cruise, Tom Hanks, Kenny Loggins, Brad Pitt, Jerry Seinfeld, Demi Moore, Madonna, Oprah … all baby boomers. Not a single, crotchety, old fogy among them.

Adding to the clear proof of Boomers’ immense consumer power, they drive almost 50% of all retail sales whereas Millennials represent a mere 10%.

Here’s the opportunity that you have with WOWO Radio.  Want to see how it can work for your business?  Contact me.

 

How To Build Instant Trust For Your Business

How To Build Instant Trust For Your Business

by | Aug 9, 2022 | Marketing and Advertising Insights, The Not-So-Secret Writings of ScLoHo, WOWO Fort Wayne Radio Advertising with Scott Howard

If there was only a way to get someone to trust you instantly…

Actually we were born that way.  We trust from the very start.  Then as we experience life, we discover that things aren’t always trustworthy.

Depending on a persons life experiences and outlook, we develop either an optimistic or pessimistic attitude.  Most of us are a blend of both depending on the situation.

As I’ve talked about in the past, Trust is one of the key foundations of our lives and this applies to everything.

I’m going to focus on the necessity of trust in business and marketing including your advertising.

I’m also going to share with you examples that you can use today to create “Instant Trust”.

Trust is an emotion first, and logic second. No matter what the data says, you have to win the heart, not just the mind.

Certain forms of media are trustworthy for different people.

A century ago, newspapers were the trusted source of information.

Half a century ago, TV was, especially CBS News Anchor Walter Cronkite who would end his nightly broadcasts with his signature sign-off, “And That’s The Way It Is”.

All of this was before the online world which gave anyone and everyone a voice.

The most trusted media people in my city are now the local radio and television personalities.

But they are not all equally trusted.

Particular stations and networks have their own brand and people put trust in that brand.  If your business advertises on a particular station that is trusted, there is a transfer of trust that spreads to your business.

In the TV world, we have newscasts on 4 stations and over the past couple of decades there has been a changing of the guard so-to-speak as some TV veterans retired and others took their place.  TV viewership has eroded as alternative sources of news and entertainment have continued to become available.  I no longer have to sit down at the appointed time to watch the evening news to see what happened while I was at the office.  I get news instantly from the apps on my phone, whenever I want. I have not watched a single local newscast from start to finish this year and I see no reason for that to change.

The radio world in Fort Wayne has nearly 2 dozen radio stations.  The oldest is WGL which I worked for a couple of times. Listenership is very small according to the rating data I have access to and the format has changed numerous times.  The next oldest is WOWO.

WOWO will be a century old in 2025 and for more than a quarter century has been a news and talk radio station.  In December I will have completed 9 years at WOWO with many more to come.  When I was a kid I listened to WOWO and it was the most listened to station with over 70% of all of the listeners tuning in each morning.  WOWO is still one of the few stations with over 100,000 weekly listeners.

Federated Media bought WOWO in the 1990’s and owns and operates other heritage stations in Fort Wayne including WMEE, which I once worked for a few decades ago. 98.9 The Bear and K-105 are the other two Fed Med stations that have huge audiences in Fort Wayne and have earned the trust of our listeners.

One of the things that makes WOWO unique however is the whole news/talk format and how listeners interact with WOWO.  When you listen to a music station, you pick the station that plays the music you enjoy listening to.  The radio personalities are there to complement the music and add to your listening pleasure. 70% or more of what your favorite music station plays is music.  Music is the main emotional connection.

With WOWO being a news and talk radio station, we don’t play music.  We talk instead. In the morning, it’s news, weather, sports, traffic, farm reports, and interviews. The rest of the day the newscasts are twice an hour with talk filling in the rest of the hour.  People listen to WOWO to hear people talk.  Big difference.

WOWO Listeners Trust the WOWO Brand.

WOWO Listeners are not annoyed by talking the way they can get annoyed by too much talk on a music station.

WOWO’s advertisers are trusted simply because those businesses are on WOWO.  There is an implied trust and emotional bond that businesses get that advertise on WOWO.    But that’s not all.

WOWO cranks it up two more levels for our advertising partners.

There is what I refer to as a Platinum Level for WOWO Advertisers.  We all know that the Gold Standard is the highest level of any business.  This is a step above the Gold Standard.

Platinum Level Sponsorship on WOWO is the personal endorsement or testimonial of one of either or afternoon host Pat Miller or morning host Kayla Blakeslee.  This is the trust factor on steroids that no other station in Fort Wayne offers.  A Pat or Kayla endorsement campaign means they will be your local spokesperson and do live 60 second ads for your business.

They receive a talent fee for this and WOWO charges a premium for that minute of airtime.   But it’s well worth it.  I’ll give you a couple of examples in a moment.

These live ads are exclusive for a business category.  For example, Pat Miller endorses Fairhaven Funeral Homes.  Fairhaven will be the only funeral service provider Pat will endorse.  Other funeral homes can advertise, but none will have Pat’s voice on them, endorsing them as long as Fairhaven continues.  Kayla Blakeslee endorses Shield Exterior Roofing and so while other roofers can advertise on WOWO, none will have Kayla as their spokesperson.

WOWO Listeners have an emotional bond with Pat and Kayla and they are trusted by their listeners.  When Pat and Kayla are talking about something political, you bet their listeners are emotionally invested.  That emotional trust carries over to our listeners when they also talk about the businesses they endorse.

A few years after I started at WOWO, before Kayla was hosting Fort Wayne’s Morning News, she was the news director and news anchor in the morning.  Charly Butcher was our Fort Wayne Morning News Host until he suddenly passed away 4 years ago this week.  I worked with a small specialty shop that was going to have a special open house on a Saturday and they bought a ton of radio ads on a music station and just 3 or 4 ads with Charly’s endorsement.  After the event, the owner continued with WOWO because he heard customer after customer tell him that Saturday they were at the open house because Charly told them to come.  The music station’s ads did nearly nothing apparently.

Before I wrap this up, I mentioned two levels of trust building beyond the regular ads on WOWO.  The 2nd one is something I started using a lot of when I came to WOWO and they create an implied endorsement of a business to our listeners.  We have news and weather sponsorships that are done live by the WOWO local newscasters.  We have local news 13 hours every weekday starting at 5am, so there are plenty of these “embedded” sponsorship mentions that are live 10 second messages.  This was my secret sauce for success for my advertising partners when I came to WOWO.

Instant Trust? Hmmm, not quite but pretty close.  Contact me for more details.

 

 

Word Of Mouth Advertising With A Bigger Mouth

Word Of Mouth Advertising With A Bigger Mouth

by | Jul 26, 2022 | Marketing and Advertising Insights, The Not-So-Secret Writings of ScLoHo, WOWO Fort Wayne Radio Advertising with Scott Howard

The very best form of marketing is what we call Word Of Mouth.

Why?

Because it is from the heart, from one person to another and it includes implicitly, the Human Relationship factor we all need: Trust.

Several years ago, I wrote about the Word Of Mouth advantage that my radio station has and you can read what I wrote in January 2018 here.

I found that article by Googling the term, “Word Of Mouth With A Bigger Mouth” and only a few articles popped up, both attributed to me.

I honestly don’t think I coined that term despite what the Google gods say.

Here’s the backstory:

From my teen years to age 26, I spent all of my radio life working on the radio.  I was an overnight radio disc jockey.  That’s how I met my first wife and mother of our three kids.

I also did other shifts on the radio and became the Program Director of one of the stations I worked for.  That meant I was the guy in charge of the music, the format, the air personalities, basically anything except for the advertising.

Most radio ads were forgettable.  The ones that I had to voice and produce were usually written by an advertising sales person and most were lousy, in my opinion.  So every once in awhile, I would use my creativity and write ads for local businesses that were different from the usual stuff I was told to read and record.

However in 1986, I moved from the on-air side of radio to the advertising side when I joined Crawford Broadcasting in Detroit as an advertising campaign Master Producer.  I worked hand in hand with a couple of WMUZ advertising sales people and created some pretty successful ad campaigns for our clients.

WMUZ also was very advertiser friendly.  When I was there for about eight years, our live radio hosts would give a 10 second endorsement for every local business on their show.  They were called Rolling Endorsements.  The way it worked is there would always be a 30 second or 1 minute recorded ad that was immediately followed by a brief live endorsement.  Robin Sullivan was one of the most popular afternoon radio hosts at the time I was there and when Robin endorsed Hilton Mortgage, her listeners took her recommendation as seriously as if their best friend had recommended Hilton Mortgage.

That’s because of the relationship Robin built with her audience on WMUZ, they trusted Robin as best friends trust each other.

That Trust Factor in both the radio station and the radio host is what becomes as powerful as Word Of Mouth Advertising.  Except with the size of the radio audience, it’s not just a one to one Word Of Mouth, but Word Of Mouth With A Bigger Mouth.

Fast forward to 2003.  I’m returning to radio in the advertising world but in a different city than I did it previously.  In the 80’s and 90’s I was in Detroit and now I was back in my hometown of Fort Wayne, Indiana.  Interestingly the Fort Wayne radio stations I joined two decades ago don’t exist anymore.  All have changed formats.  At the end of 2013 however I joined WOWO Radio which is nearly a century old and has been a news and talk station for more than a couple decades.

With the history of WOWO and the longevity of WOWO as a news and talk station with live and local radio hosts and news personalities, the Trust Factor is alive and thriving.

First off, WOWO itself is trusted by our core listeners.  Over 100,000 weekly listeners make it one of the most listened to stations in Fort Wayne.

Next is the implied endorsement that any local advertiser has simply by being on WOWO.

We can take it a step further with a couple of options that really fit the  “Word Of Mouth With A Bigger Mouth” model.  Similar to when I first learned it at WMUZ ind Detroit in the 80’s but unique to Fort Wayne.

We have live 10 second embedded sponsorship mentions read by the show hosts or newscasters available during live programming.  Since WOWO has live and local newscasts 13 hours daily, Monday thru Friday, twice an hour, that is one option.

The other is a step up from what I saw at WMUZ.  Live Testimonial Endorsement Ads with our morning show host, Kayla or our afternoon host Pat.  Instead of a recorded ad followed by a brief live endorsement, the entire ad by Kayla or Pat is live. This is our Platinum Level of Advertising that is also limited to only a few Trusted Businesses.

In the weeks ahead, I’ll divulge even more details about this Word Of Mouth With A Bigger Mouth on WOWO radio and how we use Human Relationship Marketing Principles to create the Trust Factor including the emotional connection that includes transfer of credibility.

You Can’t Whine & Win at the Same Time

You Can’t Whine & Win at the Same Time

by | Jul 5, 2022 | Marketing and Advertising Insights, ScLoHo Sales Tips, The Not-So-Secret Writings of ScLoHo

Congratulations, you have successfully completed 6 months of 2022.

How do you feel about that?

Well first off, for making it this far this year, you and everyone else gets a participation trophy.

However the real trophies in life come from more than just showing up.

If this sounds like a little rant, it is, so buckle up.

We often hear news stories and articles talking about “the average” this and that.

You know what an average is right?

You take it all, the good, the bad and the stuff in-between; add it up and then divide by the number of figures you averaged.

There’s an old joke about three guys at a shooting range.  The first one misses his target by 6 inches to the left.  The next one also misses his target by 6 inches to the right.  The third guy happens to be a statistician and says, “Well I don’t even need to shoot, ’cause if you average out your two shots we got us a bulls-eye.”

No matter what you are doing, there is going to probably someone better than you and worse than you.

You certainly don’t want to be in the worst group, right?  In business those who are doing the worst are failing.

The next group, the one in the middle. These are the ones who are doing average work.  Their business is not quite failing or not making boat loads of money either.  They are just surviving, for now.  Or maybe they were surviving and then something happened and now they aren’t doing so well.

The last group, those are the winners.  Above Average.  Top Performers.  They get more than a participation trophy, they get the prize money for coming in 1st, 2nd or 3rd.

You can tell alot by observing and listening to the people in these three groups.

At the bottom, there is often a lot of grumbling and blaming someone else or something else for their troubles.  Rarely do these people and their businesses succeed.  They are too busy whining and You Can’t Whine And Win At The Same Time..

In the middle you’ve got those that wish things were better but don’t commit to the changes needed.  Their businesses are built on Hope and Hope Alone.  “If the stars align…” Right.  Similar to the bottom group but at least they have ideas on how to get better.

Those at the top are a different breed.  They are not willing to settle for mediocre.  They don’t want to be average.

Of course there are fewer of these winners than the other two groups but they are also significantly outpacing the others.

And finally when I say, You Can’t Whine And Win At The Same Time, Winners also whine sometimes too.  But they don’t get stuck there and make whining a lifestyle.  Winners push thru the tough times and realize that they are not helpless victims of circumstances.  They adapt, they innovate, they create, they find a way to move forward and don’t let the set backs paralyze them forever.

If you run a business that wants to win and you are in the Fort Wayne, Indiana area, contact me.  I have some marketing wisdom to share.

If you are an individual with a winner’s heart and attitude, contact me too because I am always looking for that kind of person to consider for openings on the WOWO Radio Advertising Sales Team.

Scott@WOWO.com is my email or you can find me online by Googling ScLoHo.

 

How To Build Instant Trust For Your Business

More Powerful Than Digital Advertising

by | Apr 5, 2022 | Marketing and Advertising Insights, The Not-So-Secret Writings of ScLoHo, WOWO Fort Wayne Radio Advertising with Scott Howard

Over the past couple of decades, the biggest growth in advertising expenditures has been digital.  I’m talking about nearly anything online, from websites, to apps, to Google ads, Social Media Ads, all of it together has consistently seen growth in the double digits, percentage wise.

This is a good thing, by the way.  Technology is always evolving and automating tasks… that help us be more productive.  Our company just upgraded our CRM system this year from an older, non-intuitive software system to one that was designed specifically for our business.

As we learn to use and trust new tech, we might think that it can replace nearly everything that people used to do.

However, you and I are still people and we still use Human Relationship Principles in our daily lives.

Sure, I mostly trust my digital tech to pay bills and order a pizza, but when it comes to picking a dentist, I want another human being’s input, not just a techy.

The Trust Factor.

It is one of the most important elements of being human.

A recently released study from MarketingCharts.com says that Word Of Mouth Beats Websites, and they also list a few other ways to spread the word.

Word of Mouth has nearly DOUBLE the Trust Factor over branded websites.

Word of Mouth more than DOUBLE’s the Trust Factor on online consumer reviews.

What if there was a way to take the power of Word of Mouth and make it spread faster than just me telling my friend one at a time?

There is.

I’m referring to something I’ve referred to as “Word of Mouth with a Bigger Mouth”  It’s my radio station. WOWO, nearly 100 years old and the most powerful Word of Mouth vehicle in Northeast Indiana.

With over 30 radio stations, WOWO is the biggest Talk Radio Station with over 100,000 weekly listeners.

A news/talk format with local hosts and newscasters is a trust machine.  Thousands tune in every morning to WOWO for news, weather, sports and current events.  Our two local hosts, Pat Miller in the afternoon and Kayla Blakeslee in the morning do the ultimate Word of Mouth endorsement for a select few advertising partners on WOWO and the results speak for themselves.

We actually have a waiting list of businesses that would like to have Kayla or Pat’s endorsement because they will only endorse one business per business category.

This Word Of Mouth with a Bigger Mouth on WOWO reaches tens of thousands of consumers each day.  If you are in the WOWO-land listening area and want to know more, contact me.  Scott@WOWO.com