Community Board Advertising
Set up large community boards in local businesses like restaurants or gyms that feature advertisements from multiple local businesses for a yearly fee.
Problem Solved
This solution provides local businesses with a cost-effective advertising platform that capitalizes on foot traffic, helping them reach potential customers consistently over a long period.
Skills Required
Skills in sales, negotiation, design, and local marketing are needed to effectively attract advertisers and manage the community board.
Why this works now
Local businesses increasingly seek affordable advertising options due to rising digital ad costs. Setting up community boards in high-traffic areas like gyms can attract advertisers looking for consistent visibility. A first revenue move could involve listing on local chamber-of-commerce directories to reach businesses interested in community engagement. A key constraint is the initial capital needed for board production and installation, which can impact cash flow before generating revenue from subscriptions.
Where this idea came from
Podcast: The Side Hustle Show
Episode: 719: $1,000 per Postcard: The Every Door Direct Mail Side Hustle
Aired:
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