Market Research on Radio Listening Essay Example For Students

Market Research on Radio Listening Essay IntroductionMusic is a general love of almost every college student. Many develop their personalities, profiles, and various other tastes based on their listening choices. In general, many college students acquire the same spectrum of listening values. If a radio station, one that wishes to target the college student population, can discover the musical preferences of the general population of students, they will be able to grow within the specific market. Since the target market is of a personality of the student, generally a crowd that has the same likes and dislikes as his/her peers; the target musical format should be fairly easy to determine. Unlike the 25-33 crowd or 40 and up crowd, where their musical preferences range far and wide, each college student has almost the same understanding of their values. Possible reasons for this may be peer pressure or self-morale gains, yet it still exists among the college crowd. Thus, a common format may be simpler for a station targeting the college format. The station will be able to gain knowledge for its possible advertisers by analyzing its target populations needs and wants. Plus, they will be able to acknowledge the possible locations of the students, where they go and what they do. The ultimate goal is to find out where the students are spending their money, so advertising can be solicited into purchasing radio time. Advertisers wish to have some concrete data when analyzing which station they wish to spend their money on through airtime. The purpose of this study is to give the possible clients the facts placed in front of them as well as educate them as to where our target is going and the possibilities of gathering our target audience to their place of business. Consumer behavior will come into play in the study, since part of the goal is to gather information on the needs and wants of the consumer, or radio listener. Analysis of behavior is more difficult to determine, because the data collected is based on values and personal judgment. Little data collected will be concrete, since the student will be revealing based on opinions, not facts. However, opinions sometimes hold strong enough to reach a borderline to fact. Scope of the StudyThe study was a descriptive design with an emphasis on the listening preferences of college students. Data was acquired as to which brand of music, or radio format, is most appealing to college students, such as alternative, rock, country, RB, etc. Also, data was collected regarding the basic needs of the students as well as the distances they wished to travel to acquire their needs. Other gatherings included the desired radio format, amount of interest in the radio, impact of personalities, and several shopping tastes the student has. Analysis of the location of the target, how often they listen to the radio, what time they listened to the radio, and traveling distance, both overall and for necessities, were acquired to gain a general knowledge of the target market. Methods UsedThe main source of the study was through conducting a survey. A survey was offered randomly to college students on the campus of the University of Nevada-Reno. The sampling was nonprobability-random, because of the nature of the issuance of the surveys. However, coverage was broad, because the survey was issued to students ranging from freshman to senior. After the survey was conducted, a total of 57 surveys were collected. The information from the surveys included questions such as their listening preferences, time of day they listen to the radio, amount of time spent listening to the radio, and where they spend the most amount of time listening to the radio, such as in their car, at home, at work, or at school.Next, students were asked several questions in regards to their favorite radio formats. Such questions included were their favorite morning show, type of morning show they most desire, and how much of an impact the radio personality, or disc jockey, placed on the student. These questions were used to determine the students tastes in format as well as how much of an impact the format places on them. Also, demographics of the students, age, marital status, gender, and ethnicity, were collected. The data collected will help determine a possible correlation between the student and the other categorical questions. Another important factor placed on the survey was the location of the student. If one can determine the general concentrated population area of most students, they will be able to determine the possible advertising companies to target. Along with location, questions were asked to determine how far a student travels when they purchase their everyday needs, like groceries, food (dining), clothing, and gasoline. Another item collected was the students interests in participating in promotions and contests. Along with the students interests in promotions, they were asked to see how far students would travel to participate in radio promotions. This information is mostly useful to persuade potential advertisers, where the station will be able to determine the target locations of the students. If there shows a concentration of student population in a certain area and they travel to primarily the same areas, endorsements will be extremely beneficial in the target locations. Another category u sed was to show how the students spend their money. Do they spend it mostly on electronics, clothing, technology, sporting goods, home furnishings, entertainment, or some other goods?Secondary data was used as a back up to the survey. Since the survey was involving a small portion of the population, some data may be skewed. The secondary data was used as a form of a guide to the survey results. It was there to ensure that the student population was represented, even with a small sample. Forms of secondary data used included journals, magazines, newspapers, the Internet, and other online databases. The Dark Web EssayNext, data based on students personal tastes was collected. They were asked what they spent the majority of their money on and given the following categories to choose from: electronics, clothing, technological, sporting goods, home furnishings, and entertainment. The data showed:Y Electronics-42.1%Y Clothing-73.7%Y Technological10.5%Y Sporting Goods26.3%Y Home Furnishings50.9%Y Entertainment33.3%The majority of tastes for students showed up in clothing, with home furnishings, electronics, and entertainment receiving very capable results. DistancesThe distances students were willing to travel were taken next. They were asked their usual driving distances to gather groceries, dining, clothing, and gasoline. Also, they were asked how far they were willing to drive to attend a radio promotion. Categories were divided into 0-1 miles, 1-3 miles, 3-5 miles, and over 5 miles. The statistics show that:Y Groceries-0-1mi: 24.6%, 1-3mi: 45.6%, 3-5mi: 15.8%, 5+mi: 14.0%Y Dining-0-1mi:5.3%, 1-3mi: 38.6%, 3-5mi: 24.6%, 5+mi: 31.6%Y Clothing-0-1mi:1.8%, 1-3mi: 22.8%, 3-5mi: 22.8%, 5+mi: 52.6%Y Gas-0-1mi: 33.3%, 1-3mi: 36.8%, 3-5mi: 12.3%, 5+mi: 17.5%Y Radio Promotion0-1mi: 21.1%, 1-3mi: 24.6%, 3-5mi: 22.8%, 5+mi: 31.6%The average distances for the students were also calculated. Students averaged 3.25 miles to get groceries, 4.33 miles to dine, 5.00 miles to purchase clothing, 3.11 miles to get gas. Also, they were willing to travel 3.98 miles to attend a radio promotion. RecommendationsTarget FormatThe music format of choice would be to do a variety of alternative and rock music. RB would be a good choice, too, but the variety would be too wide for the tastes of the college students. Alternative music and rock is somewhat similar, yet it still has some variety to it, which is something that the survey showed. Also, the morning format must be focused upon more than the other times of the day. The most drastic statistic revealed from the survey was the amount of listening from college students in the morning hours, from 5 to 11am. Thus, the station should analyze this part of the day more carefully than any other part. From the survey, it was revealed that students mostly preferred a morning format with no talk and all music. Also, several of them were influenced by the disc jockey used. This should be considered deeply when drawing a conclusion to the format. In my opinion, I feel that the station should go with a mostly music with little talk show format. The disc jockeys should have a comic appeal, though. The ultimate goal is to please the majority, and there is a happy medium between an all-comedy format and an all-music format. Yet, the station must be careful in regards to its amount of talk and music played. Target LocationMany of the students, reside In Northern or Northwest Reno. An emphasis should be placed on this area, with a radius of approximately 4 miles, since students are willing to travel this far for a promotion. Target AdvertisementsThe station should highly emphasize its advertising on the clothing industry. Many students spend the majority of their money on clothing, and they are willing to drive longer distances than usual to acquire it. This is the perfect appeal for advertisers. Many will be able to conduct promotions because of the larger radius presented to clothing, 5 miles versus 4 miles. Other areas they should target would be home furnishings, electronics, and entertainment. These categories, although incomparable to clothings demand, are still areas with a great concentration of the students funding. In conclusion, the results show that:Format-Alternative, RockTarget Time-MorningMorning Format-Music With Little or No TalkTarget Area-North Reno, Northwest RenoEstimated Radius-4 MilesPlay List-Wide VarietyTarget AdvertisingClothing, Electronics, Home Furnishings, Entertainment