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This issue of the OutdoorBillboard.com Newsletter
includes:
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A description of OutdoorBillboard.com
and important updates and changes.
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Small is the New Big, by Bret Pawlowski, President of
BrandsInMotion.com
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BillboardConnection...
Your Source for Successful Advertising, By Doug Reed
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How effective is your advertising
campaign? By Selena McIntyre, BPS Outdoor Media
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Do you want to write an Article and
be featured in upcoming Newsletters?
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Tell us what you think!
OutdoorBillboard.com continues
to grow and we appreciate all of our advertisers and visitors that
continue to help us become the Number 1 website for the
Outdoor Advertising Industry.
Make sure to check out our site and
the new inventory of:
NEW E-BOOK on Billboard Investing
- Watch for the release of this book in the next week or so.
It is going to be excellent! It is currently being
written by a highly successful Billboard owner from the
Dallas area. After reading the rough draft, I am
excited to be a part of this endeavor.
NEW Lead Service - We are
currently finalizing the process of collecting leads from
potential advertisers, land owners, and billboard sellers.
This is going to launch this month and it would be to your
benefit to get into this program early. The basic
concept is that we will collect leads and forward them on to
companies that cover that specific market or industry
segment. If interested, let me know and I will forward
you the details.
Small is the new
big…..
Seth Godin is one of
the world’s most famous marketing experts. His latest book
is called “Small is the new big”. For years I have
really enjoyed reading Seth’s books because he has an
amazing way of condensing concepts so that the ideas radiate
and really hit the mark. Seth also has a sublime way of
lobbing out these simple statements like “small is the new
big” and then watching as pioneers of industry and
entrepreneurs implement the words to send shockwaves through
their businesses. Seth is a true magician in business but
now more than ever, Seths’ recent statement is very true,
especially for the outdoor advertising world. Here are the
top 5 ways the OOH and Advertising Industries are impacted
by the “small is the new big” philosophy. Also listed are
the top 5 ways readers of this article can benefit from the
change and opportunities on the table.
1. Small clever
stickers on bananas and strategically stamped messages on
eggs in the grocery store can be more effective than a big
14’ x 48’ billboard off a major Interstate.
2. A small trained
team of four brand ambassadors in a nightclub can get 3000
college students sampling and ordering a new energy drink
and then text messaging friends about the product, putting a
non-existent brand on the map in less than an hour.
3. Smaller, more
focused and more affordable forms of advertising are
allowing small businesses to test advertising outside of the
traditional staples of newspaper, phone books and junk mail.
Great campaigns are not just for big brand marketers anymore
and savvy small businesses are also thinking bigger and are
more receptive to new ways of connecting with their markets
and dominating their own backyards.
4. As a result of #3
above, the need for quality local media representation has
spawned franchise and small business opportunities in the
Advertising, Media and Outdoor Advertising Industries.
Selling ads and integrated media campaigns is not just for
the big slick New York ad shops anymore. Small locally
focused media companies are strategically placed to deliver
results for local and national clients.
5. Via a small
connection or tiny wireless signals the Internet has and
will continue to bring a big advertising world within reach.
OutdoorBillboard.com is a great example of how our industry
is progressing and how the Internet is helping local
businesses put their fingers on the pulse of an industry.
Web sites like this and others have provided a way for small
and large companies alike to locate, discuss, evaluate,
track, measure and gather information about outdoor
advertising. The goal is giving the advertiser solutions.
This article was
written by Bret Pawlowski, of
www.Billboards-4-Rent.com and
www.GolfAdsUSA.com which are Out-Of-Home Media companies
focused on bridging the gaps between billboard advertising,
consumer promotions and point of impact marketing. Copyright
2007 by Brands In Motion, Inc. All rights reserved.
BillboardConnection... Your Source for Successful
Advertising:
Want
to make a big impact? You’ve come to the right place.
Billboard Connection’s media gurus can make you and your
business look larger than life by capitalizing on the most
cost effective form of advertising there is – Out-of-home.
Want
statistics, cold hard facts or just interested in seeing
some flat out gorgeous attention getting ads? Call us.
Want to know where every stick of inventory is, every where
by simply making one call? Call us. Then sit down with a
latte and take a break while we put together a comprehensive
proposal showing you the best available inventory in your
requested areas. It doesn’t get much better than that.
So who
are we and how do we do what we do? It’s not magic. It’s
tenacity, attention to detail, knowledge and, well, maybe
just a little bit of magic. Billboard Connection is an
Out-Of Home Buying service catering to advertisers and
Advertising Agencies. We can assist you and your clients
with the Out-Of-Home portion of their advertising campaign.
We will provide you with all the avails (available
inventory) in the areas that you desire from multiple
vendors and we can also provide the creative design and the
production at a discounted rate. In addition, we will
pre-ride the outdoor advertising media to ensure that only
the best locations are presented. We will also ride the
media post-buy and provide you with a Proof of Performance
photo sheet.
Want
your business to get moving in the right direction? Get
moving with Billboard Connection's mobile billboard
trailers. They are all that and less. By less I mean they
cost less than other mobile truck style billboards and are a
whole lot prettier to look at to boot.
Our
mobile billboards allow your clients to have immediate
access to places like sporting events, concerts, shore
points, tight city streets, college campus' and more,
without being restricted by weight or height limits.
They
get noticed more than the everyday ho hum box truck, they
eat up less gas and they cost less.
Billboard Connection's mobile billboards can get your
clients noticed - they can come with a sound system
and street teams, and the billboard is backlit, giving it a
beautiful glow perfect for night viewing, oh, and did I
mention they cost less?
Our
mobile billboard team can brainstorm the best locations for
your clients drive -by, or they can just follow orders and
drive - its your call.
I can
assure you that we will provide your company and advertisers
with prompt and courteous world class customer service. We
look forward to speaking with you and will do whatever it
takes to make you happy. Latte not included.
For More
Information Contact Doug Reed at 1-800-920-9527
How effective is
your advertising campaign?
By Selena McIntyre
Remember that old saying,
"Money doesn't grow on trees?" Unfortunately with
the current condition of the economy we are finding
that money is harder and harder to acquire. Jobs are
decreasing and the unemployment rates are
increasing. This is why it is so important to make
the most out of every dollar.
In order to cope with the
falling economy, businesses have been decreasing
their budgets. Several companies are even cutting
their advertising budgets. However, most businesses
can not survive without some kind of advertising.
With all this in mind, you can see why it is
important to spend your advertising budgets as
wisely as possible.
Cost per Thousand (CPM)
Since every type of
advertising has its own unique price range and
reach, it's hard to effectively compare the prices
of each media type. For this reason, advertisers
compare the cost of each ad by how much it costs to
reach 1,000 people (cost per thousand or CPM.) Here
is the formula for CPM:
CPM = Cost of Ad * 1000 /
circulation
Unfortunately the CPM for
billboards is a little more complicated. Here is the
easiest way I have found to figure the CPM for
billboards:
- Multiply the daily
traffic by the number of days the billboard will
be posted this month (usually 30.)
- Divide the number you get
by 1000. (Save this figure you will need it in a
minute.)
- Divide the cost of
monthly rent by the number you got in Step 2.
Here's an example:
Daily traffic (DEC's) is 10,000, and monthly rent is
$400.00.
- 10,000 * 30 = 300,000
- 300,000 / 1,000 = 300
- 400 / 300 = 1.33
$1.33 is the cost per thousand
in this example.
Here is a chart of the average
cost per thousand.
| Media Types |
CPM |
| |
|
| Billboard - 30-Sheet
Poster |
$2.05 |
| Radio Ad - During
Prime Drive Time |
$8.61 |
| Magazine - One page
with 4 colors |
$9.35 |
| Television Commercial
- 30 Seconds on a Prime-Time Network |
$17.78 |
| Newspaper - 1/3 of a
page in black and white |
$22.95 |
The information on this chart
is from OAAA.
To learn more about these
media types and which types work best for your
business, please visit http://www.bpsoutdoor.com/articles/adtypes.htm.
Let's see how effective your
advertising campaign is
Let's start by making a list
of all your current advertisements. You can do this
on a monthly, quarterly, or annual basis. On this
list be sure to include a brief description of the
ad, the amount of time the ad will be run
(exposure), how many people should see your ad
(circulation), the price of the ad, Cost Per
Thousand, and Profits.
| Type of Ad |
Exposure |
Circulation |
Price |
CPM |
Profits |
| Bilboard |
|
|
|
|
|
| Newspaper |
|
|
|
|
|
| Television Commercial |
|
|
|
|
|
| Radio Ad |
|
|
|
|
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| Magazine |
|
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The number of subscribers for newspapers and
magazines is their circulation. To find the
circulation of television and radio ads, you must
multiply the number of listeners or viewers by a
percentage of the air-rating at the time your ad is
aired. The circulation of billboards is 1.35
(average number of passengers in each vehicle)
multiplied by the actual number of cars that pass
your sign in 24 hours (DEC.)
The Bottom Line:
Look carefully at the CPM and
Profit column of each ad. These areas will tell you
which ads are effective, and which ads need
improvement. Compare the ads that are not bringing
in good profits to those ads that are. Make the poor
performing ads similar to the good ads. Find out how
to design effective ads.
You can also take a percentage
of the advertising profits to invest in new ads. For
example, let's say your advertising budget is
$5,000.00 and your profits (after removing the
advertising expenses) are $3,500.00. Let's also say
you used $1,500.00 of your profits to rerun or place
more of your best performing ads. All the money you
receive from these extra ads is profits. You can
keep using the money received from the extra ads to
buy new ads and earn more profits.
Selena McIntyre has been a Creative Designer for BPS Outdoor
Media since 1999. She has a Marketing Degree and several
years of customer service experience. Selena has studied art
most of her life and continues to do so now. She designs
most of BPS’s billboards and has written several articles
about the outdoor advertising industry. To see some of her
work please visit
http://www.bpsoutdoor.com/gallery/.
Questions or comments?
She’ll be glad to hear from you at
info@bpsotudoor.com.
Are you interested in writing an
article or providing a press release for upcoming
Newsletters?
If so, we are looking for you.
By sending us your articles or press releases to publish in
our monthly newsletters you will not only be receiving FREE
advertising but also will be able to establish your
credibility to potential customers.
Just email us your article or press
release to
dave@outdoorbillboard.com
for inclusion.
Tell us what you think!
We'd love to hear what you think of this issue or how
we can make OutdoorBillboard.com better!
Wishing all of you a Healthy and Prosperous New Year!
Dave Reynolds
OutdoorBillboard.com
18923 Highway 65
Cedaredge, CO 81413
PH: 800-937-6151
FX: 970-856-4883
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Cedaredge, CO 81413
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