Opinion / Chiara Rimella
Big impression
This week a former Monocle colleague who has flown the nest to pursue a music career made an interesting publicity choice for her forthcoming EP. After months of self-promotion on social media, she booked a huge billboard on a busy intersection in east London. She is not alone in employing such a strategy: out-of-home (OOH) advertising is an old-school method but its fortunes are once again on the rise. After a predictable dip in 2020 and 2021 as a result of lockdowns, many expect the sector to continue to grow. Statista estimates a global value of about €42.5bn by 2027, compared to €33bn in 2017.
Though online advertising remains important to marketing teams, a sense of digital deluge is enticing brands to try out different ways of grabbing attention. A billboard’s return on investment might not be as easy to measure as that of a digital banner but taking a step away from our phone screens and onto a city’s streets means making a different kind of statement. This is no longer just about a targeted attempt to find a customer niche but rather a desire to be part of a broader, real-world conversation.
For an independent artist, it is also surprisingly good value. A PR campaign aiming to reach an audience of music connoisseurs on online magazines and blogs can cost £2,500 (€2,900) for three months, while two weeks of your face plastered on multiple posters will typically set you back about £1,100 (€1,300). Whether or not this strategy will deliver more punters to my former colleague’s gigs remains to be seen but it has already inspired more opinion pieces than any of her digital ads.
Chiara Rimella is Monocle’s executive editor.