For many years, billboards were a common kind of advertising, and they are still a useful resource for both individuals and companies. If you wish to sell your billboard, though, what should you do? Here are some pointers on how to lease a billboard and sell your own billboard.
It’s crucial to first comprehend the worth of your billboard. A billboard’s worth can change depending on a number of variables, such as its position, visibility, size, and the volume of passing vehicles. You might want to think about speaking with a qualified appraiser with experience assessing billboards to determine the worth of your billboard.
You can start selling your billboard as soon as you have a decent understanding of its worth. Working with a billboard broker is one choice; they can assist you in finding buyers and negotiating the sale of your billboard. Another choice is to put your billboard up for sale on a website dedicated to selling billboards, such Billboard Brokers or OutdoorBillboard.com.
It’s crucial to keep in mind that many purchasers will be interested in buying the billboard together with the lease when selling your billboard. Lease terms for billboards can change depending on the location and other considerations, and they often continue for a predetermined amount of time, such 10 or 20 years. Review the lease’s conditions and make sure the buyer is aware of their obligations before selling your billboard.
Do people actually view billboards, then? Yes, it is the answer. A study by the Outdoor Advertising Association of America found that 71% of drivers intentionally scan billboards while operating a vehicle, and that 56% of people had discussed a humorous or fascinating billboard they observed while commuting.
The price to manufacture a wooden billboard might vary significantly based on its size and other elements. A wooden billboard typically costs between $10,000 and $15,000 to create, but expenses can range from $5,000 to $50,000 or more, according to CostOwl.com.
Finally, there are several businesses that specialize in building billboards if you’re interested in doing so. Lamar Advertising, Clear Channel Outdoor, and Outfront Media are a few of the top businesses. Do your research and pick a reliable business that has built and maintained billboards in the past.
In conclusion, if you go about selling your billboard the right way, it might be a profitable opportunity. You can successfully sell your billboard and on to your next project by being aware of its worth, engaging with a broker or placing it on a marketplace, and carefully reading the lease.