HOW TO INCREASE PROFITS Signage is simply the best, most effective form of advertising for your marketing dollar. Signage is so ingrained in our minds most of the time we go about daily activities without even knowing they are there. They direct us, remind us and sometimes even inspire us to make decisions each day. For local small businesses, they are a priceless way to establish an identity and gain new customers. Signs attract new customers and alert them you exist. Research shows many customers would have never found a business unless they had seen its sign. Signs help your business be more profitable. Installing a new sign, banner or yard sign, can increase business as much as nearly 16% It’s a fast, easy way to plump up your bottom line without spending a bunch of money. WITH SIGNS Contact NPI to learn how we can grow your business with signs! Nameplates, Inc. 325 South Quincy Tulsa, Oklahoma 74120 800.858.2651 www.nameplatesusa.com Signs Bring in New Customers Researchers asked— How did you learn about us? Respondents said: 50% On-Premise Sign 33% Word of Mouth 9% Newspaper 6% Yellow Pages 1% Television 1% Radio 35% 50% Signs attract of a start-up business’ new customers Signs Increase Profits Research shows adding or changing a sign directly improves sales revenue Average Increase in Sales Revenue Change in Signage: Fast Food Industry Retail Industry Add one monument sign 9.3% Add large pole sign (144 SF) 15.6% 8.6% Add chain identity to plaza identity sign 7.7% Add two new directional signs 8.9% Replace storefront wall sign with larger sign 7.7% of passersby wouldn’t know your business was there without a sign What Can Signage Do for Your Business? Research indicates 35% of your customers live or work within a Five-Mile Radius of your business This means they potentially see your sign 50-60 X per month Percent of Customers Who Stop on Impulse 20% Shopping Center >400,000 SF 25% Shopping Center 100,000-400,000 SF 35% Shopping Center < 100,000 SF 40% Convenience Market 20% Discount Club / Warehouse Store 20% Grocery Store 17% of Best Buys walkin customers did so because of a sign 40% 15% 45% Fast Food Restaurant Sit Down Restaurant Service Station Relocation Means New Customers 13 - 20% of the population moves each year 13 - 20% = new customers to attract each year with signage How Customers Know About Local Businesses Saw it while passing 35% Always knew 29% Word of mouth 14% Advertising 10% All other 6% Don’t know 7% Signs Versus TV & Newspapers A single on-site SIGN costs $.02 per 1000 views A 300-line NEWSPAPER AD costs $2.81 per 1000 views, and might only reach 53% of the market A single TV AD costs $9.82 per 1000 views, and might only reach 14% of the market You do the math! Then call NPI to learn how we can help grow your business with SIGNS! Nameplates, Inc. 325 South Quincy Tulsa, Oklahoma 74120 800.858.2651 www.nameplatesusa.com Sources: www.signs.org/signindustry/signage101/signsthebottomline.aspx www.signs.org/signindustry/signage101/signsasmarketing.aspx www.bangadvertising.com/why---signage/pdf www.whatsyoursignage.com/stepone4.aspx www.impactsignandapparel.com/pdf%20files/sign%20facts.pdf
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