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Costs of radio advertising
In order to know the if the cost of radio advertising will be beneficial to your company, you should compare the cost of say $5000 for the cost of radio advertising, and the advertisement will bring you $6000 in sales, than you will have had a reasonable return
According to the region you want to be marketing in, will show the different costs that will be charged for radio advertising. The region and market share dictates what will be charged. You can get a single voice radio ad ran for about $900. This will include a creative strategy, production, and the copyright for the radio ad. Unless your ad is extremely complex, then there would be a higher cost, however, for the most part you can do most of your radio ads for less than $1000. If you add on more voices, music etc. there can also be additional costs. The other reason added cost could come about for your radio advertising, is if you plan to make significant changes after the first recording is complete. This would include changes in the voices, the music, the time frame etc. When you are working on the pricing for the radio advertising, it is a good idea to budget in enough to have two spot tests complete. This way you will be able to choose between the two and get the best one for your company advertising needs. There are additional costs when it comes to data tracking and the effect your radio advertising is having on the public. However, that is beyond the basic cost of radio advertising. When you are ready to work into your marketing budget radio advertising, it is a good idea to call around and get a few prices. Some radio stations will charge less than others for running your radio advertising. This is where additional funding will be needed. As with television advertising, the cost for prime airtime can be very expensive. This cost can be around $1500, for the development of your radio advertisement and $3000-6000 per week for the media time, for about 4 weeks. This total will be around $20,000 for about 6 stations to run your ad. This is good money, so if you feel that you would not profit from this type of advertising, it may be more worthwhile to create online pod casts to get you started. This will have a significantly lower cost for advertising either voice, or video. Radio advertising has great effects in many environments. People all over the world will listen to the radio. However, making sure you utilize your marketing funds correctly where radio advertising is concerned will be beneficial for the overall outcome of your company's success. A good radio advertisement can bring in a great deal of money, if it is created right and aired at a good time, when your target market will be listening. This is an average of what radio advertising will be.
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