Another business that is almost as lucrative as investing in real estate is renting of billboard spaces. Over here most people actually rent out a single billboard space for a million and above per month or in some cases per week or days. Billboard space found by roadsides or mega cities are usually more expensive. Though you would need a good amount of money to startup, but once you are able to, it is extremely lucrative and worth the stress if done right.
renting of billboard space
- Thread starter eldavis
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- #6
Very true, you can't just setup a billboard anywhere. Like over here I. My country people are extremely sensitive when it comes to landed property. You would be surprised that the moment you decide to clean up an abandoned land or space that is extremely small, people from no where would come saying they are the owners so you need to settle them.
Getting license to operate a billboard is not something that is very easy to get. It is really expensive to operate.
It is indeed that they need to secure the license for doing this kind of business. But they need to do it for the sake of gaining more profit for their business.
If you are given a license to operate a billboard in a strategic location, you are on your way to becoming a millionaire. No caps.
It is very lucrative, I know of many politicians who have these kind of investment and it is bringing them huge amount of money on weekly basis, you just have to locate a strategic place in a very busy c city and site the billboard there.
It requires that you have a very high level connection before you would be granted a space to mount your billboards.
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- #14
Yes that's true, not anyone can just go out there to create a space for themselves. You will have to spend to secure one, especially if it's a busy space or one close to the main road.
Yes, it is a great business concept. It is quite popular in our country. They lease out billboard spaces that cost a lot of money.
Billboard spaces are crazily expensive and brands are always jostling to be on billboards. Having a billboard is great business.
