Learn about actual and potential costs
How much should I pay for Radio Advertising?
What is the average price of Radio Advertising?
This procurement report includes pricing information to help you purchase Radio Advertising. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Radio Advertising been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Radio Advertising yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Radio Advertising?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Radio Advertising with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
The top four providers among the more than 4,000 firms offering radio advertising collectively earn about 44.0% of total market revenue, indicating medium market concentration. The FCC supports this concentration level by requiring radio stations to obtain licenses to operate, which complicates the entry of new suppliers into the market... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How have your previous clients benefited from your services?
Can you provide testimonials or case studies from previous clients?
How do you ensure that you meet the client's budget and timing for the advertising campaign?
What formula do you use to calculate the return on investment for radio advertising campaigns?
Does your company provide services on a national level or on a local level? What markets do you primarily serve?
Are you a syndicated radio network?
What geographic areas does your station reach?
Are you capable of supporting a global implementation? Do you support foreign languages and if so, which ones?
What other promotional activities do you provide aside from radio advertising?
What type of services do you offer related to commercial production?
How many clients can you provide service to at one time?
Is your company at risk of bankruptcy?
How does your company drive sales when the economy is growing?
What proportion of your revenue comes from your radio advertising?
Would the bankruptcy or revenue volatility of any of your key clients or suppliers adversely affect your operations?
If your company operates internationally, how do you mitigate risk from exchange rate fluctuations?
How do you evaluate customer satisfaction and how frequently? Is this made available to clients?
How have you changed your service in response to customer complaints and suggestions?
If you encounter issues or your client is not satisfied, what steps do you take to address the issue?
What systems or software do you use to manage accounts?
How frequently will you provide progress reports?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my RFP include?
Buyers should disclose their entire budget for radio advertising and, if applicable, include a cost breakdown for fund allocation (e.g production costs, advertising slot costs).
Buyers should specify their preferred payment method and schedule.
Buyers should evaluate potential vendors on their station ratings and geographic location.
Buyers should asses the size and demographic of a vendor's audience.
Buyers should prefer vendors that offer competitive prices.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard of this report.
Buyers should indicate the final date for prospective vendors to submit proposal queries.
Buyers must specify the date that all proposals shall be submitted for consideration.
Buyers should disclose when award information will be communicated to vendors.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Most radio advertising providers face moderate levels of risk from their supply chain. Among upstream suppliers, recordable media manufacturers and communication equipment manufacturers are of the riskiest. These firms provide a sizable selection of the equipment and audio files used by radio stations, so radio stations are reliant on these... Subscribe to learn more.