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How To Make More Than $100K Per Year With Outdoor Billboards

Guest post by: Frank Rolfe

Article Overview: With umemployment hovering at its highest levels in decades, many people are concerned about job security and tired of living with the risk of receiving a pink slip with little or no warning. But how can an individual replace their earnings of $40,000 to $100,000 per year? One option may be to consider the outdoor billboard business.

How To Make More Than $100K Per Year With Outdoor Billboards

With umemployment hovering at its highest levels in decades, many people are concerned about job security and tired of living with the risk of receiving a pink slip with little or no warning. But how can an individual replace their earnings of $40,000 to $100,000 per year? One option may be to consider the outdoor billboard business.

What is the billboard business?

A billboard owner effectively rents land, builds a billboard structure, and then rents the advertising space. Profit is the difference between the ad revenue and the cost of operation. The industry is very old and, in the U.S., has been in continual operation since the 1850s.

Who else is doing it?

The billboard business is very lucrative. There are many individuals in the U.S. that own billboards, ranging from one unit to thousands of units.Ted Turner started his empire with a stake in a billboard company from Atlanta. John Kluge is another billionaire billboard veteran, and there are several others in the Forbes 400.

How does it work?

The billboard industry is effectively regulated by the government, which designates where billboards can be built along the nation's highways. City streets fall under a different local ordinance. Your job is to find legal locations to build a billboard once you have learned the rules. The other part of your job is to negotiate an acceptable ground lease with the landowner on these legal locations. Then you determine the size and height to build the sign and, after construction, you rent the advertising space on the sign - normally on a one year lease.Alternatively, you don't even have to build the sign; you can flip the ground lease by selling the rights to a large billboard company.

So how can you make $100,000 a year doing that?

The billboard business has several niches. Wooden signs in emerging marketings is one of the best areas to focus on right now. These signs cost about $6,000 to build and generate $3,000 or more per year in net income. To make $100,000 per year, you'd need to build 30 of these in your spare time. There are individuals who have amassed a hundred or more of these type of billboards in their spare time. All it takes is the educational know how and then to find the sites.

Of course, you determine how much effort you're willing to put in. Even if you're not trying to replace your salary, you could build a few to simply pay for your child's college tuition.

How fast can I start doing this?

As fast as you can learn how to do it. Step one is to learn the ordinances in your state. You may also have to get a license from the state. Normally there is no test or school required, just the payment of a small fee.

Conclusion

If you want to replace an income of up to $100,000, or just build a profitable hobby business, you need to investigate the billboard business. It's been a winner for numerous Americans for over a century.

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Article Tags: earnings, job security, outdoor billboard, outdoor billboards, pink slip, umemployment
Referred by: http://www.mrlaundromat.com/



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