Why it matters: Cash contests also reflect the broader role of radio stations as community pillars. When combined with strategic marketing, your brand is top of mind with more of the right people, so that they turn on your station before they put on their seatbelt.
Americans are stressed out financially. 72% of households are living paycheck to paycheck with less than $2,000 in savings.
Inflation has surged 20.7% in recent years and a family earning $50,000 annually in 2020, needs $60,339 to maintain their same lifestyle.
This climate amplifies the value of radio station cash contests. These prizes help listeners meet urgent financial needs like paying bills or covering emergency expenses.
The significance of station contests extends beyond financial support. They are a proven way to enhance listener engagement and loyalty. By combining strategic marketing with contesting, we cultivate habits that generate daily cume among listeners – new, lapsed and existing – as they forge stronger connections with your station content and talent.
In today’s fragmented, noisy and fiercely competitive marketplace, capturing the attention of consumers and encouraging them to engage with your brand is more challenging than ever. Contests are dynamic tools that not only break through the clutter, but also drive sampling, fostering brand awareness and loyalty.
This level of active engagement positions your brand to be top of mind with more of the right people, so that turning on your station happens before they put their seatbelt on in the car or their lunch in the refrigerator at work.
The Seatbelt Test isn’t about consumer safety – it’s about maximizing your ratings and subsequent revenue – each time listeners get into the car.
We deploy Reach and Frequency strategies on the employed heavy listeners with the most listening to give. The people available to a specific format who get up and commute to work.
Understanding these radio fundamentals, we maintain and license a single contest trademark: Double Your Paycheck®. Employed radio listeners let their imaginations run wild spending an extra paycheck. It’s a great example of Theater of the Mind.
Of course, there are a variety of station contests that drive results. We’ve been fortunate to partner with local brands to give away $150 million (and growing) across North America and helped create countless memorable moments with winning listeners on-air.
It’s the power and magic of radio.
Let’s go further, faster, together.
Go Deeper on Americans living paycheck to paycheck along with an inflation calculator.
On behalf of Catherine Jung, Tony Bannon, Jen Clayborn, and everyone at DMR/Interactive, thank you for driving radio forward.
Onward,
Andrew Curran
President and CEO
DMR/Interactive
Double Your Paycheck is a registered trademark of DMR/Interactive.