Showing posts with label billboard. Show all posts
Showing posts with label billboard. Show all posts

Friday, November 21, 2014

Digital Signage, Need to Know: Property Owners Benefit From Operating Outdoor Digital Signage for Multi-Tenant Sites.



- T. Scott Hofheins  

I was reading a recent article about new outdoor LED digital signage in Times Square, and the approach many property owners have taken to generate advertising revenue...partner with the tenants. This is not a new approach, we see this in many non Las Vegas/Time Square multi-tenant and single tenant locations across the USA, but the approach is nonetheless solid and logical.

This approach gives you some good options. You have a built in customer base with a vested interest in onsite advertising. This is especially true with larger malls and shopping centers, where it’s worth the money to stand out from the crowd. You can share the upfront cost of the signage with your tenants, or put it up yourself and charge for time slots on the display, or a mixture of both.

These sites can also have some great advantages with regard to regulations and permits. Many sign codes allow for increased square footage specifically for these types of properties. This is typically put in place to allow for better visibility for all the tenants.  Additionally, the length of the street frontage and property size can also provide advantages for increased height and size. This can be used to help get the most exposure from the LED sign.

While it is important to keep the traditional identity signage, using some of that space to increase the size of a high quality LED sign is really a win-win scenario for everyone long term. It brings more people to the site in general. Shoppers may initially stop in because of a certain advertisement on the sign, but as we all know, shopping is rarely a single event, but a chain reaction. Getting more people on the property is good for everyone.  

This may also be one of the best ways to generate advertising revenue for the property owner. Multi-tenant properties have the unique benefit of being able to advertise more than one business on a sign, but it is still considered On-premise advertising. This means the property owner not only has access to lease revenue, but can also gain advertising revenue from the display. Good signage like this also helps retain existing tenants, as well as ensuring the site is attractive to new ones. It is a solid investment when operated correctly.

Keep in mind, this isn’t just for large sites, it is just as effective for smaller locations. Having  5-7 tenants just means they potentially have more time on the display. Again, keeping your site attractive for existing and new tenants. This also doesn’t just apply for traditional shopping centers or malls. Signage works great on vertical office spaces as well. I’ve personally seen this work well for building owners and their tenants.

This is not unlike operating a mini-billboard. Digital billboards aren’t just for the big boys anymore. It’s been exciting to see the success of many smaller private operators in both traditional digital billboards, and on-premise multi-tenant sites. It’s no secret that there is a lot of money to be made in advertising. It’s a huge industry for a reason, and LED signs are a part of it. If you’re a property owner who hasn’t taken the plunge, take a look and you may find a new source of revenue, and a powerful advertising asset for your tenants.

-TSH

I hope this post has been informative and helpful. As usual, I welcome ALL constructive comments. Please feel free to comment and add anything I’ve missed, or additional tips you may have regarding this topic. Please visit www.vantageled.com for many other resources, white papers, and of course: Great looking LED Signs!

**All posts/thoughts/writings are strictly the viewpoint of me and me alone and do not reflect nor speak for Vantage LED’s beliefs, attitudes, thoughts, etc. unless specifically stated.

Wednesday, November 12, 2014

Digital Signage, Need to Know: Brand Enhancement Using LED Displays

It does not matter if your company is a multinational operation or you work alone in the backroom of a small shop, you already have a "brand" whether you like it or not. A brand is nothing more than the world’s perception of you and your business.

Some say that “perception is reality” and it is derived by those who use your products or services, travel by your storefront, hear what’s being said about you on the community “Coconut Telegraph” and know how your business behaves when the chips are down. Somehow, either by your deliberate efforts, or by lack of attention to the matter, your “brand” has already been created!   

Yes, you can still influence the world's perception of your business, of course. And, you may as well start today, right now, after reading the rest of this article.

Branding has been called your “identity” and it’s the accumulation of all that you are.  It’s the way you are defined internally and externally. If you have not worked to create and improve your brand, then you should consider some strategies which can help:    .

        1)   Identity and Definition: Who are you? Where does your business fit into the marketplace? Think of your brand as a person, or even yourself,  and define your values, appearance, dialogue and goals.    
        2)  Customer Communication: How do you speak consistently to your customers and what do you say? What can you do to influence the customer perception and improve the relationship and lock them in for longer term? How do you respect their intelligence in your message and also create excitement?
        3)  Values and Originality: Don’t be afraid to be original, and stand up for what your company believes in.  Don’t copy other brands- who wants a copy? Always consider what the company is about and what are the values that drive decisions and actions and promote that. Just putting your logo onto everything does not create a brand.

These items point to one key word- Communication. If you are in the Sign Industry then you already realize that it’s a proven fact that on-premise digital LED signs are highly effective in communicating with passersby. Studies done have  proven that digital LED signs can generate enough new business to actually pay for themselves.

But are digital LED signs really the complete answer to branding? Of course not! Branding is the sum total of how your business is perceived but a digital LED sign is a great start to establishing a strong well-known brand, or repairing the brand image you currently have in your community.  Here are 5 suggestions, or rules, of digital LED signs that must be followed for the branding  “magic" to happen and to "Wow" those who pass by your location:

        1)     Quality Content   
        2)     Consistent Messaging
        3)     Hardware Reliability
        4)     Warranty
        5)     Network Control

Quality Content- The fact that quality content is vital cannot be overstated. Professionally created custom slides and videos are mandatory to establish a credible brand. Ten years ago, it was okay to have ANY message on an LED sign as they were “new and cool” and simply owning one re-enforced your brand. That is not true today.  Unless your entire audience is the 9th grade class at your local JFK High School, do not use content created by a student from that school, no matter how talented. Using professionally created content can make a $10,000 sign as effective as a $30,000 sign, and vice-versa.

Consistent Messaging Remember that customers are smart. They may not wish to think about the message you had on the LED sign last week, but part of their brain forces them to recall it when the new message is displayed. Don’t repeat the same thing over and over, but a certain consistency is important. It’s easy to spot the source of new TV commercials before it’s revealed to be Coke or  Geico. The sound is similar, the colors may be similar, the way the ad “feels” is consistent. So, as your team formulates an integrated advertising campaign remember to be consistent and build the brand.

Hardware Reliability- Not all LED signs are alike. If your LED sign fails with regularity, you probably are trying to build a brand using bricks made of marsh mellow.  Do your research before purchasing an LED sign. Use the Internet but also use the telephone- call some LED manufacturers and see which ones will speak with you. If you are perceived as that Taco Stand with the LED sign that flickers constantly and is blinding bright at night, your brand is in trouble.

Warranty- With a solid, long-duration warranty, one that is insured by a 3rd party and is guaranteed to exist, even if the manufacturer does not, you can keep the LED sign looking “perfect”. If you have an LED sign and you have a small problem  that may cost several hundred out-off-pocket dollars to repair, are you less likely to have it repaired? It’s only a couple LED modules that are out! Can’t  you wait awhile? Sure you can wait but can your brand wait? Several thousand cars travel by your business daily and they see what you stand for- procrastination, if you delay repair. But with a great warranty it’s fixed for no charge or a token charge. Having a sign that partially works is like having a sales rep that wears torn blue jeans to call on customers. The warranty protects your brand.

Network Control- An LED sign is a tool- not a lifestyle. It should work for you, not you for the LED sign. Flexibility in changing the message is important. Do you have to do it from a computer at the office? Really? What happens if you need to change the message on the weekend?  iPad platforms exist these days, and for the on-the-go businessman of 2014, being an “office lizard” is non-revenue generating annoyance. Do research on what is available- it’s far more than a gimmick, it is a mandatory access method.

Building a brand is a long-term effort that requires everyone understanding that everything they say and do impacts the brand. Good is quickly forgotten and bad is always remembered. Be careful, go slow, and use a quality, USA manufactured, LED sign to help jump start your brand name and image.

if you are a sign company, it's not good enough to just plant an LED sign into your customer's parking lot and leave it at that. You should champion these rules and educate the customer to help them create a strong brand. 

This blog post represents my personal perspective and does not reflect the opinion of Vantage LED, Inc. or SignVine, Inc. or any other person or organization. The images for this post are mine and I retain all copyrights. Thank you to Vantage LED for allowing me to pen a guest blog every 3 weeks. If you have constructive feedback please email me at michael@signvine.org.  - Mike Prongue 






Wednesday, September 24, 2014

Digital Signage, Need to Know: Importing LED Signs From China, Re-visited


China sourcing is alive and well, and when properly designed, controlled and managed, products made in China can be very impressive. But,  any serious American company utilizing China as their manufacturing source will have an on-site quality engineer, or preferably an engineering and production support team because with China “you get what you inspect, not what you expect”.

Apple does not phone in a sales order to its Chinese factory for 1,000,000 new iPhones, whatever the next generation, then sit around and drink wine and play ping pong until the boat arrives. 

Let’s face it, for today, China still has a “cost of labor” advantage. But, it’s rising fast, and sometimes when you factor in shipping, communication costs, and hassle, many companies are starting to practice “on-shoring”- bringing production back to the US.  

Some companies utilize Chinese production facilities and actually “rent” time for their own proprietary production run. They may have discovered a well-engineered and manufacture sub-component and then applied strategic modifications to improve its performance. It’s not the typical “off the shelf” standard component but it may have started off as one. There are many ways for the “China Connection” to be successfully exploited and maximized.

So, it does not matter if you are a major US LED sign manufacturer, Apple, Boeing, GM or thousands of others, somehow China is in your operation’s life- for better or for worse!

My concern centers on the LED sign product designed and engineered in China, built in China, Inspected and certified in China, and shipped from China without American talent involved in the process at all. Just like when ordering from the “Mail Order Bride” catalogs of the 1800’s, what you get may not be what you expected. And it’s probably harder to ship your double-sided 4x8’ LED screen back to Shenzhen than putting that person on the stagecoach and sending her back to Chicago.

My worry falls into 5 categories and while I will not identify Chinese manufacturers, these are personal experiences and first-hand accounts from industry professionals.

NRTL certification (Nationally Recognized Testing Laboratory certification- sometimes generically called UL certification), design issues, hardware quality, control software usability, and communication are the 5 Horsemen that ride roughshod  across the backs of LED sign importers. 

So let’s start:

NRTL Certification: It’s been a big deal in the LED Sign Industry and in the last 5 years more and more Chinese Manufacturers are paying attention and becoming ETL, MET or whatever “testing lab” certified. That is generally a good thing. No one wants unsafe or poorly constructed product on the streets, it‘s foolish and dangerous to pretend that certification is unimportant.  

The claim that Chinese product shipped, does not match the specifications of the product submitted for NRTL certification was alleged by 3 separate contacts, unrelated to each other.  In other words, it was alleged that they send the Lexus to the testing lab and ship the Yugo to the US.  Simply inspect (for example) the quality of the electrical wiring insulation and the way electrical supply lines are secured. If it looks like a duck and walks like a duck, think it over.

Since most of the world does not require NRTL certification, some wonder if the Chinese effort to provide NRTL certification is to merely placate the US market rather than to improve the product.

Design Issues: Oh where to start? Let’s be simple- for years one US distributor of Chinese products had a high failure rate of the LED signs they sold- real high. Water intrusion, cabinet hinge issues, locking issues, odd mounting holes in the cabinets that had to be plugged up were just a few concerns. 

Then, during one ISA Trade Show a Chinese Marketing Director revealed the truth “In China, most LED signs are mounted within a water-resistant structure or shroud that protects them from the elements. In the US, many small LED signs are simply put on a pole without any surrounding protection- not designed for this.”

This is just one example that importers (and customers) face when assuming that an LED sign is “an LED sign”. They are not all alike, universally.

Hardware Quality:  If I had a dime for every time I found a re-manufactured LED module shipped on a new LED display… well, I’d have a big stack of dimes. Even when confronted with this assertion over and over the manufacturer claimed an “accident”. The truth is that when you push too hard for a deeply discounted price, unique ways are found to meet that demand! 

Power supplies, wiring, cabinet construction, controllers, electrical sockets, and more can fail on any manufacturer’s product. But if you believe that a well-made US LED display is not significantly more reliable than a Chinese designed, manufactured and shipped LED sign then there is some wet land in Florida you might be interested in. 

Sure, some Chinese sub-components are well designed and used on US produced LED displays. I have no argument here. But when that reasonably good product becomes part of an LED sign totally originated in China, the overall reliability is a lot less. 

It’s your hair, pull it out if you want to!

Control Software Usability:  I like Science Fiction. How many times in a movie have I seen the control panel of some captured alien spaceship? A well-meaning scientist accidently activates the control panel and suddenly it’s all aglow with strange shapes and symbols that meant something to some being from some world, but is gibberish to humans. 

Well, for me, trying to use Chinese control software is exactly the same experience. It is designed for an engineer or someone with a lot of patience and time. I am neither of those.

Communication: What do you expect? As Americans sometimes communication is difficult within our own borders- different accents, different manners, different customs, and different time zones.There are tremendous communication issues involved in a trade relationship with China- 8,000 miles, 10 hours difference on time zones (or more), language, meaning of words, and the frustrating time element required to resolve anything. And, oh... find a decision maker, I challenge you!

If you have a problem on Monday, it can literally take until Friday to get an answer that has been misunderstood and must be asked again. What you think you are saying, is not what they may be hearing. If you are impatient, check with your doctor for a prescription of tranquilizers because you will need them.

To the Chinese Manufacturer’s credit, they usually appoint a representative that is well-versed in English. That does not solve your problem. It merely gives you a shoulder to cry on and someone to share in your misery.

It’s a complex world. Just ask Boeing. They access 500 suppliers, many international, to obtain 3,000,000 parts to build their 777 Dreamliner Jet Airliner. And you thought you had problems!

Boeing had to make a lot of choices to assemble their supplier list. If every supplier is operating at 100% efficiency and without incident, it is still a monumental task to integrate the vast universe of variables together to create the end product- a safe, well engineered, state-of-the art machine.

LED signs do not, of course, require 3,000,000 parts, but smart choices still have to be made and all the facts have to be known when choosing a supplier. Quality, technology, reputation, and communication are the time-tested factors of success. 

Choose wisely, choose USA.

These comments are my personal perspective and do not reflect the opinion of Vantage LED, Inc. or SignVine, Inc. or any other person or organization. If you have constructive feedback please email me at michael@signvine.org.  - Mike Prongue

 

Wednesday, August 27, 2014

Digital Signage, Need to Know: Are LED Billboards Safe?


New technology is not instantly accepted and used, regardless of its value, effectiveness, cost, or efficiency. There are many reasons why it takes time for users to get "on board" with even the coolest innovation. LED technology adapted for use in LED sign, including billboards is one such innovation.

There is a statistical science to how new technology is accepted by society. This is called the "Technology Adoption Lifecycle" or diffusion model, and a simple summary from Wikipedia can be read here Summary.

What is says is that there are 5 categories of users of new technology within the standard bell curve with time on the "X" axis of the graph:

Category               Percentage
-------------------    -------------
Innovators               2.5%
Early Adopters         13.5%
Early Majority          34.0% 
Late Majority          34.0%
Laggard                 16.0%

Over time, the Innovators comprise 2.5% percent of the population- those were the people who perhaps rushed out to buy Apple 1s in June of 1977. Or maybe, in the LED sign industry, the Innovators were those customers who purchased something like a DCI message board that used relays and light bulbs insanely complex programming- before the introduction of today's RGB comparative "miracle".

The other user categories gradually catch on, and the product "takes off" and becomes accepted.

Where are we with the LED sign billboards? I don't think anyone can say for sure, but my guess is we are somewhere in the Early Majority. By the time the Innovators, Early Adopters, and the Early Majority have accepted LED sign billboards about half the market of people who will eventually buy LED sign billboard will have accepted them and will own one.

What's stopping the rest of the customers? Perhaps cost, waiting for even better technology, understanding the true cost versus financial return of the product and I think social acceptance, including the perceived safety of LED sign billboards by communities and "laggards", as referenced above, must be considered.

A recent study by the US Department of Transportation, Federal Highway Administration entitled "Driver Visual Behavior In The Presence of Commercial Electronic Variable Message Signs" (Report), concluded that drivers did, in fact, take an instant longer to look at the LED sign messages than a static-message billboard. But the distraction time was well under two-second safety threshold established. The LED-message glance took  0.379 seconds, while glances at static billboards took 0.335 seconds. This was not statistically significant.
  
Digital billboards are referred to as Commercial Electronic Variable Message Signs (CEVMS) within the study.

The study summarizes, “The results did not provide evidence indicating that CEVMS, as deployed and tested in the two selected cities, were associated with unacceptably long glances away from the road. When dwell times longer than the currently accepted threshold of 2,000 ms [milliseconds] occurred, the road ahead was still in the driver’s field of view. This was the case for both CEVMS and standard billboards.” 

Now that the safety objection has been surmounted we can move on to other objections to the roll-out of digital billboards. The digital billboards I see look a lot like static billboard with extended duration messages and intentionally understated graphics.

If you don't like billboards in general, that may be. But there must be a balance between commerce and a pristine right-of-way, it's not just a case of "all or nothing"

This digital billboard phenomenon is not a nefarious invasion. It's merely an easier and more profitable way to stage outdoor media. But, as they say, "You can overcome objections, but not excuses!"  What is the next excuse, uhh, objection?


These comments are my personal perspective and do not reflect the opinion of Vantage LED, Inc. or SignVine, Inc. or any other person or organization. If you have constructive feedback please email me at michael@signvine.org.  - Mike Prongue