The Small Business Development Center of Hampton Roads, Inc. is the service provider of first choice for the region’s small business community. By offering free, confidential one-on-one business counseling, low-cost training, research through SBDCNet and referrals to top-flight service providers, we assist in maintaining and growing this vitally important segment of the region’s economy.
The need to communicate a message in a split second to a viewer zooming by on the highway not only sharply limits the level of detail an outdoor ad can convey, but also results in relatively poor recall among viewers. Moreover, many consumers feel that billboards are ugly.
In an age of ever-increasing specialization, with media focusing on smaller and smaller slices of the population, outdoor advertising-particularly billboards – remains the champion of the generic and the all-inclusive. Far from a tightly targeted medium, outdoor is positioned as a way to reach large, undifferentiated audiences. And the industry is successful; the Outdoor Advertising Association of America reports estimated 1998 billboard revenues at over $2.33 billion, the sixth consecutive year of revenue growth.1
And the humble billboard itself has undergone a metamorphosis of sorts in the last several years. Advancements in billboard technology – including vinyl & computerized painting, three-dimensional effects, backlighting, digital & LED technology, computerized lighting and more-boost billboards’ ability to capture viewers’ attention. Movable message signs allow three different images or messages to show in succession on a single sign, greatly increasing potential revenue per sign.
Many think only of billboards when thinking of outdoor advertising. However, the category contains far more than just billboards. Other types of out-of-home advertising include signage on transit and bus shelters, airport and train stations, bus exterior ads, street furniture such as public benches, moving billboards, and more.
Of course, outdoor advertising has its drawbacks. The need to communicate a message in a split second to a viewer zooming by on the highway not only sharply limits the level of detail an outdoor ad can convey, but also results in relatively poor recall among viewers. Moreover, many consumers feel that billboards are ugly and only a few feel the signs are entertaining, according to research.
Another worrisome development for outdoor advertisers is the steady retreat of the tobacco industry, a former outdoor stalwart. How-ever, a huge explosion in so-called “dot-corn” advertising from Internet and e-com-merce firms has more than offset the losses.
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