2. Billboards as an effective method of advertising for small and medium-sized enterprises

Author: Aleksandar Georgiev, Nikolay Katrandzhiev

Abstract

This article examines the effectiveness of billboards as a cost-effective promotional tool for Small and Medium Enterprises. Through a review of existing literature, the advantages and disadvantages of billboards are analyzed, including their broad reach, economic efficiency, and limitations. The analysis also considers the impact of outdoor advertising on business development, with particular emphasis on the relationship between cost and visibility. The study concludes that billboards can significantly contribute to the success of small businesses, especially at the local level.

Key words: outdoor advertising, billboard, small and medium enterprises, cost-effectiveness