05 Oct Are Billboards Worth the Money In 2023
In today’s fast-paced and digitally-driven world, businesses are constantly seeking effective ways to reach their target audience and promote their brand. One advertising medium that has stood the test of time is billboards. However, with the rise of digital marketing channels, many businesses question whether billboards are still worth the money. In this blog post, we will explore the value of billboards and discuss why they are indeed worth the money.
Why Are Billboards Worth the Money?
Wide Reach and Visibility
Billboard advertising offers unparalleled reach and visibility, capturing the attention of a large audience. They are strategically placed in high-traffic areas, ensuring that your message is seen by thousands of potential customers daily. According to research, 71% of people recall seeing a billboard advertisement in the past month, demonstrating their effectiveness in reaching a wide audience.
High Impact and Brand Recognition
Billboards have a powerful visual impact that leaves a lasting impression on viewers. They allow you to showcase your brand message in a large format, making it more memorable and increasing brand recognition. In fact, studies show that 26% of people have made a purchase based on seeing a billboard advertisement.
Out-Of-Home ads can be strategically placed in specific locations to target your desired audience. Whether it’s near shopping malls, roadsides, or urban areas, you can choose the locations that align with your target demographic, ensuring that your message reaches the right people at the right time.
Unlike other forms of advertising that can be easily skipped or ignored, outdoor ads provide continuous exposure. Billboards are worth the money because they are visible 24/7, ensuring that your brand remains top of mind for potential customers. This constant presence helps reinforce your brand message and increases the likelihood of customer engagement.
Complements Digital Marketing Efforts
Billboards work in synergy with digital marketing efforts, reinforcing your brand message across multiple channels. By combining traditional and digital advertising, you create a cohesive and integrated marketing strategy that maximises your brand’s visibility and impact.
How Much Money Do Billboards Cost?
The cost of billboard advertising can vary depending on several factors, including location, size, and format. One popular size for billboards is the 48-sheet format, which measures approximately 20 feet by 10 feet. The cost of traditional 48-sheet billboards can range from £175 to £300 per week outside of London, while in London, prices can range from £300 to £400 per week. Digital billboards, which offer more flexibility and dynamic content, can range from £600 to £900 per fortnight outside of London, and in London, prices can range from £900 to £2000 per 2 weeks.
What is the Success Rate of Billboards?
The success rate of billboards can vary depending on various factors, including the quality of the design, the location of the billboard, and the effectiveness of the message. However, studies have shown that billboards have a high success rate in terms of brand recall and customer engagement. According to research, 71% of people recall seeing a billboard advertisement in the past month, and 26% of them have made a purchase as a result. These statistics highlight the effectiveness of billboards in capturing attention, increasing brand recognition, and driving consumer action.
Despite the rise of digital marketing channels, billboards continue to be a valuable and effective advertising medium. Their wide reach, high impact, continuous exposure, and ability to complement digital marketing efforts make them worth the investment. While the cost of billboards can vary, their success rate in terms of brand recall and customer engagement is significant. By incorporating billboards into your marketing strategy, you can maximise your advertising investment and achieve your business goals. So, embrace the power of billboards and watch your brand message resonate with your target audience, driving success and growth.