Learn about actual and potential costs
How much should I pay for Billboard Advertising?
What is the average price of Billboard Advertising?
This procurement report includes pricing information to help you purchase Billboard Advertising. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Billboard Advertising been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Billboard Advertising yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Billboard Advertising?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Billboard Advertising with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase Billboard Advertising?
Among the estimated 2,000 providers of billboard advertising services, the top four operators account for more than 50.0% of total market revenue, signaling a high level of concentration. High concentration derives from significant capital intensity, whereby vendors must purchase or lease commercial buildings or land in order to host billboards,... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Can you arrange for a billboard advertisement to be put up during a certain time period?
How long does it take for your company to put up a billboard?
How far in advance do you need to receive advertising materials?
Have you ever had difficulty in putting up a billboard in time? How did you react?
Are your billboards currently insured?
Have you ever been required to take down one of your billboards? For what reason?
What system do you have in place to ensure billboards are well maintained and in compliance with safety regulations?
Do you foresee any new regulations affecting the operations of your business?
What discounts do you offer for long-term contracts?
What discounts do you offer for purchasing multiple billboards at once?
Do you charge extra for the setup and maintenance of the billboard, or are those costs included in the purchase price?
How does your company respond to increases in taxes on billboards? Do you raise your prices?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my Billboard Advertising RFP include?
Buyers should give a maximum appropriation for the billboard campaign.
Buyers should list any other costs (e.g. maintenance) for which vendors are responsible.
Buyers should evaluate the extent to which the billboard meets their needs.
Buyers should evaluate vendors based on their costs.
Buyers should evaluate references from vendors' previous clients.
For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should include the date when proposals are due and any other relevant dates (e.g. interviews) prior to the contract award.
Buyers should include the date of the beginning of services, as well as any options for renewal of services.
Evaluate major factors to mitigate risk
How risky is the Billboard Advertising supply chain?
The supply chain for billboard advertising exhibits a medium level of risk in 2018. Billboard manufacturers, graphic designers and market research firms are all subject to high levels of competition, which can lead to declining revenue and lower profit margins for these upstream providers. Reduced profit can, in turn, put... Subscribe to learn more.