Local Business Promotion Boards
This business model focuses on placing promotional boards in restaurants, allowing them to advertise their daily specials while local businesses can buy ad space for promotion.
Problem Solved
Small local businesses often lack affordable advertising options that reach their target audience effectively, while restaurants need to keep customers informed about their offerings.
Skills Required
Sales and marketing expertise to attract businesses and manage relationships, as well as basic project management skills to oversee board distribution and maintenance.
Why this works now
Most local businesses overlook the potential of restaurants as advertising venues. The rise of mobile ordering apps has increased foot traffic to eateries, creating a prime opportunity for promotional boards. A first-revenue move could involve targeting restaurant owners through Modern Restaurant Management to sell ad space for local businesses. A significant constraint in the first year will be the capital required for board production and installation, which may strain initial cash flow.
Where this idea came from
14 more ideas and case studies from this episode
This was one of the business ideas discussed on 763: He Makes $3,000 a Year Every Time He Gives a Restaurant a Free Chalkboard (And He’s Done it 200+ Times). See every idea and case study pulled from this episode in one place.
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