Many years ago, I wrote an article outlining what I called the "S-S-S" method—Spacing, Setbacks, and Survival—a simple yet effective approach to choosing the ideal spot for placing a billboard. While this method has been valuable to many in the billboard industry, the landscape has changed, and it's worth revisiting this approach to ensure its relevance in 2024.
Read MoreOne of the most frequent questions I get is, “What would you do if you had to start over?” The answer is simple: I’d focus on wooden billboards. Despite being overlooked in the current market, they still deliver the highest return on investment in the industry, offering an unbeatable combination of affordability, practicality, and financial sense for advertisers, landowners, and billboard owners alike.
Read MoreWhen you're on the verge of renting out a billboard, it's tempting to jump straight into the paperwork. After all, you've found a potential advertiser, and now it's time to seal the deal, right? Not so fast. Leading with the contract might actually push the sale further away. Instead, a more effective strategy is to focus on the creative aspects first—let's call it closing through engagement. Here’s how it works.
Read MoreThe traditional idea that saving enough for retirement is feasible for the average American is largely a myth. The reality is stark: most Americans have less than $25,000 saved, and many are underwater with their mortgages. With rising costs of living, including healthcare expenses that can spike household budgets, the notion of comfortably saving for retirement seems unrealistic for many.
Read MoreBillboard advertising relies heavily on visibility. When a billboard’s message isn’t readable for long enough, its effectiveness plummets. Here’s how to determine if a read is too short and what steps you can take to manage this issue.
Read MoreThe landscape of billboard advertising varies greatly between rural and urban areas. This difference is often attributed to the type of advertisers – local versus national. Here are some insights into why local advertisers are generally more advantageous for billboard owners.
Read MoreIf you find yourself with a vacant billboard or an expiring advertiser lease, look no further than the advertisers on neighboring billboards. These potential clients are often overlooked, yet they are right in front of you and can be prime prospects.
Read MoreYou've found the perfect spot for your billboard, secured a ground lease, and are ready to start building. But where do you find the money for this venture? This question has crossed the minds of everyone in the billboard business, from industry giants like Clear Channel to first-time sign owners. Here are some financing options to consider.
Read MoreDriving along highways, it’s common to spot billboards that have seen better days: weathered, graffiti-tagged, or simply falling apart. These structures, often in prime locations but in poor condition, represent unique investment opportunities. Here’s a practical guide on how to turn an abandoned billboard into a profitable venture.
Read MoreSuccessfully managing advertising revenue is critical for any media business, from billboards to digital platforms. Yet, one of the most challenging aspects can be ensuring timely payments from advertisers. Here’s a refreshed guide on managing this delicate process effectively, ensuring you maintain good relationships while securing your revenue.
Read MoreAs businesses navigate the economic downturn, savvy advertising strategies are more crucial than ever. One timeless method stands out for its effectiveness and cost-efficiency: the "combo" billboard advertisement. This century-old tactic is witnessing a resurgence, proving its worth by providing exceptional visibility without compromising profitability.
Read MoreIn the world of billboard advertising, a sign can speak a thousand words — but none as crucial as the name of the company that puts it there. The act of naming your billboard company isn't just a formality; it's an essential key to your branding strategy and overall success. Let's take a high-level journey through the process of naming your billboard business, ensuring it stands out in the vast skyline of competitors.
Read MoreIt's surprising to encounter poorly designed billboards even today, given the wealth of design knowledge and technology at our fingertips. To address this, I've compiled a set of fundamental design principles that should underpin every effective billboard in 2024 and beyond.
Read MoreIn the evolving landscape of outdoor advertising, securing long-term ground leases for billboards remains a pivotal factor in ensuring the sustained profitability and value of billboard investments. Reflecting on successful strategies from the past, this article delves into contemporary methods to persuade landowners to commit to extended billboard ground leases, emphasizing mutual benefits and forward-thinking approaches.
Read MoreIn today's competitive advertising landscape, understanding and aligning with your advertisers' goals is more crucial than ever. The key to successfully leasing billboard space is not just in presenting your offering but in speaking the language of profitability and value from the perspective of your clients. This mindset shift can significantly enhance your sales effectiveness and foster long-term client relationships.
Read MoreSecuring a legal spot for a billboard is just the first step in a nuanced process of deciding on the best size and type for your investment. The landscape of outdoor advertising has evolved, offering a diverse array of options to match every possible scenario. Here's how to navigate these choices effectively today.
Read MoreWe all know that a recession is looming for the U.S. economy – but what will the impact be on the billboard industry? American billboards have been around for over 100 years and have weathered every major recession in U.S. history, all the way back to the Great Depression. And the results are pretty remarkable. Billboards have proven to be highly successful during times of economic strain. Here’s a description of how billboards react to economic downturns, as found in a textbook for mobile home park valuations that is sold to appraisers:
Read MoreWhen you encounter a billboard structure that deviates from the standard – such as the one featured in the accompanying photo – it's likely that you're observing a one-of-a-kind, custom creation. Standard monopole signs rely on a single pole for support, while wooden and I-beam signs distribute their weight across multiple poles for stability and balance. A structure that diverges from these conventional patterns indicates something unusual, like a construction from salvaged parts. For instance, it's possible to cobble together an I-beam structure using scraps from a steel yard.
Read MoreWhen it comes to advertising mediums, mobile billboards often make bold claims about their visibility and effectiveness. However, it's essential to understand their limitations, particularly if you find yourself competing for ad dollars against them. Here's a rundown of why mobile billboards often don't provide as much bang for your buck as traditional billboards.
Read MoreAs you embark on your journey to rent a billboard, you've found a potential advertiser and you're about to meet with them. Should you present the contract right at the outset, aiming for a quick closure? Unless you want to risk losing the sale, it's recommended not to. In the realm of billboard rentals, the most effective strategy often involves closing the deal through a technique called "creative engagement". Let's delve into how this strategy unfolds.
Read MoreAs someone who has been in the billboard business for decades, I am often asked how I would approach entering the industry today, considering the rapid changes and developments. Here are some of the key focus areas and cautionary points for those looking to venture into the billboard advertising business in the present landscape
Read MoreWhen planning to build a billboard, you might wonder whether to construct a "stack" unit, which offers both advantages and disadvantages. Before making a decision, it's crucial to weigh the various factors that could impact your potential revenue and future opportunities.
Read MoreFinding the funding to construct a billboard can be a challenge, but there are several options available. Here's an overview of some of the common options for billboard financing:
Read MoreSigns along roads started during the time of the Egyptians, who would carve advertising messages on rocks. But the term “billboard” didn’t come into effect until the 19th century. So why are signs called “billboards” today?
Read MoreThere are many problems with America but one of the worst is the current environment concerning having an employee. At the same time the U.S. work ethic has evaporated, lawsuits regarding employees have increased by a thousand percent, and the drag on your net income from having employees around is hard to swallow when they are nothing but a source of trouble. One of the great attributes of the billboard industry is that it’s not really people reliant. So how can you own billboards and have no employees?
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