Episodi

  • How to Buy, Build & Grow a Billboard Business | Dan Franklin

    How to Buy, Build & Grow a Billboard Business | Dan Franklin
    Oct 27 2026

    How do you grow a billboard business when you’re up against companies many times your size?

    Dan Franklin of Franklin Outdoor joins Neil Bell on the Bell Board Podcast to share what three generations in outdoor advertising have taught his family about land, acquisitions and running a lean operation.

    More from SignDash: cloud-based billboard sales and inventory software built for independent outdoor advertising companies. Learn more at https://signdash.com/

    With roughly 500 billboard sites, Franklin Outdoor grew through strategic land ownership, smart acquisitions, operational efficiency and long-term landowner relationships. Dan explains how he evaluates underperforming billboard assets, why owning the land and easements matters, and how to navigate local ordinances and permits. He also covers running an in-house print shop, managing install crews, upgrading to LED lighting with remote monitoring, and what traffic counts and programmatic advertising mean for independent operators.

    If you’re an independent billboard operator, an outdoor advertising investor or thinking about starting a billboard business, this conversation is a practical playbook.

    GUEST BIO & LINKS
    About Dan Franklin: Third-generation operator at Franklin Outdoor Advertising, Minnesota’s billboard partner for 50+ years, serving Minnesota and Western Wisconsin.
    Franklin Outdoor: https://franklinoutdoor.com/
    LinkedIn: https://www.linkedin.com/in/dan-franklin-4b4123148

    KEY TAKEAWAYS

    • Owning the land under your billboards protects your business for the long term.
    • Underperforming billboards can be your best acquisitions.
    • LED lighting and remote monitoring cut costs and downtime.
    • A print shop and install crew add revenue and control.
    • Independent operators win on relationships, not size.

    TIMESTAMPS
    00:00:00 Intro
    00:00:36 Meet Dan Franklin of Franklin Outdoor
    00:03:03 Owning Billboard Land and Easements
    00:09:17 Growing a Billboard Company
    00:10:21 Evaluating Billboard Acquisitions
    00:15:09 LED Lighting and Remote Monitoring
    00:20:14 Managing Billboard Operations
    00:23:06 Billboard Printing and Extra Revenue
    00:30:13 Competing With Larger Billboard Companies
    00:32:35 Traffic Counts and Programmatic Advertising
    00:39:25 Billboard Construction and Real Estate Stories
    00:45:11 Landowner Relationships and Leasing
    00:50:26 Advice for New Billboard Operators
    00:52:49 Navigating Billboard Ordinances and Permits

    YOUTUBE TAGS
    billboard business, how to start a billboard business, billboard investing, billboard acquisitions, buying billboards, billboard easements, billboard real estate, billboard land lease, outdoor advertising, out of home advertising, OOH advertising, independent billboard operators, billboard permits, billboard ordinances, billboard revenue, digital billboards, LED billboard lighting, programmatic advertising, Franklin Outdoor, Dan Franklin, Neil Bell, Bell Board Podcast, SignDash

    HASHTAGS
    #BillboardBusiness #OutdoorAdvertising #BillboardInvesting
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    57 min
  • Building a Billboard Business That Lasts | Hal & Diana Stevenson

    Building a Billboard Business That Lasts | Hal & Diana Stevenson
    Sep 8 2026
    How do you build an independent billboard company that can grow without depending on one person to run everything? Diana Stevenson (CEO) and Hal Stevenson (Chief Development Officer) of Grace Outdoor Advertising join Neil Bell to share the lessons behind building, operating, and preparing their outdoor advertising business for the next generation.Hal and Diana trace their path through billboard leasing and development in Oklahoma, Texas, and Southern California, an early and costly bet on digital billboards years before the ad industry was ready for them, and the recession that brought them back to South Carolina to rebuild Grace Outdoor from the ground up. Diana explains how she came back to run the company on one condition — she'd be in charge — and then rebuilt its systems, its team, and its client base from scratch.They also dig into some of the biggest challenges facing independent OOH operators today: multi-year permitting fights, managing thousands of digital-billboard contracts a year, servicing national advertisers, and training the next generation to run the business without them.For independent billboard owners and outdoor advertising professionals, this is a firsthand look at what it takes to turn decades of industry knowledge into a company that can run beyond its founders.LINKSGrace Outdoor Advertising: https://graceoutdoor.comLinkedIn: https://www.linkedin.com/company/graceoutdooradvertising/Facebook: https://www.facebook.com/pages/Grace-Outdoor/109527645755004Instagram: https://www.instagram.com/graceoutdooradvertising/KEY TAKEAWAYS• Grace Outdoor Advertising manages billboard inventory for roughly 30 different entities — family LLCs, longtime partners, and small companies whose owners live nowhere near the signs• Diana Stevenson came back to run the company on one condition — that she'd be in charge — then rebuilt its systems from scratch, starting by learning who their clients were and how they paid• A single digital billboard face can generate thousands of contracts a year, versus about 24 for a static sign — software like Apparatix, integrated with their accounting system, is what makes that volume manageable• National advertisers make up an estimated 25-35% of Grace Outdoor's business; they pay reliably but slowly (often around four months), which rewards operators with strong back-office systems• One billboard permit took 3.5 years and only came through after Grace Outdoor won an appeal to the Board of Zoning Appeals 4-1, after planning staff had recommended denial with no clear legal reason• Hal's approach to difficult zoning fights is persistence over litigation — suing a municipality tends to end the relationship for every permit after it• Every excavation carries real risk: Grace Outdoor has hit a pressurized sewer line and a 36-inch water main on separate builds, with the water-main repair costing roughly half that project's profit• Grace Outdoor grows only at the edges of its existing South Carolina/North Carolina footprint, since a single sign in a distant market is hard to sell without a local presence• The company's name, "Grace," came from Hal's brother Danny, half-jokingly, after a territorial conflict with Lamar Advertising split their earlier business ventureSUMMARYHal and Diana Stevenson met while he was a fill-in bank branch manager and she was a part-time teller in Columbia, South Carolina. Hal's billboard career started through a mentor's company, Omni Outdoor Advertising, and took the couple through leasing and permitting jobs in Oklahoma City, San Antonio, and Southern California — including an early, expensive bet on digital billboards on LA's 405 freeway (roughly $800,000 for one face) that the advertising industry wasn't yet equipped to buy into. When the recession hit and the bank pressure on the business mounted, Hal asked Diana to come back and run things. She agreed, on one condition: she'd be in charge.From there, Diana rebuilt the company from the ground up — literally starting by getting the mail and learning how every client paid — and used that ground-level knowledge to redesign the company's systems, team, and client relationships. The company took the name "Grace" at the suggestion of Hal's brother Danny, after a territorial dispute with Lamar Advertising split an earlier venture the brothers were both involved in. Today, Grace Outdoor manages billboard inventory for around 30 different entities, from family LLCs to small companies whose owners have no local presence, and does an estimated 25-35% of its business with national advertisers — relationships that pay reliably but slowly, and that reward operators with strong back-office systems like Apparatix, integrated with their accounting software, to keep thousands of digital-billboard contracts a year organized.The conversation also covers the operational realities of running an independent OOH company: permitting and zoning fights that can take years and ...
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    47 min
  • How Trailhead Media Scaled Through 44 Billboard Acquisitions | John Murrow

    How Trailhead Media Scaled Through 44 Billboard Acquisitions | John Murrow
    Aug 11 2026


    Podcast Description:

    How do you complete 44 billboard acquisitions while building a scalable outdoor advertising company? Trailhead Media CEO John Murrow shares the strategies, mistakes, systems, and leadership lessons behind the company’s rapid growth.


    John explains how Trailhead Media launched during COVID, completed multiple acquisitions within its first few months, and grew to approximately 3,300 billboard faces across the Southeast.


    The conversation covers billboard lease negotiations, acquisition due diligence, remote operations, digital billboard investments, programmatic advertising, private equity, company culture, and the challenges of integrating billboard assets quickly.


    This episode is for billboard operators, outdoor advertising professionals, independent media owners, sales leaders, and anyone interested in scaling an out-of-home advertising company.


    Guest Website: https://trailheadmedia.com/


    Time Stamps / Chapters:

    00:00 Meet John Murrow of Trailhead Media

    00:57 Launching Trailhead Media during COVID

    03:07 John’s career in billboard real estate

    03:47 Reducing billboard lease costs

    06:11 Relationships and landowner negotiations

    08:12 Moving from operations into the CEO role

    11:20 Completing 44 billboard acquisitions

    13:39 Acquisition mistakes and due diligence lessons

    15:58 Trailhead’s more strategic acquisition approach

    17:28 Building a remote billboard operating model

    20:57 Growing outdoor advertising’s share of media

    23:01 Billboard attribution and the 95-5 rule

    27:48 Digital billboards and programmatic advertising

    36:09 Building culture through acquisitions

    42:20 What private equity misunderstands about billboards

    46:28 John’s biggest leadership lesson

    50:24 Why John loves the billboard industry

    53:02 Final advice for building great teams



    Tags:


    billboard acquisitions, outdoor advertising, billboard industry, Trailhead Media, John Murrow, out of home advertising, OOH advertising, billboard company growth, billboard operations, digital billboards, programmatic advertising, billboard lease negotiations, billboard sales, outdoor media acquisitions, billboard business, remote operations, private equity billboard companies, billboard leadership



    Hashtags:


    #OutdoorAdvertising #BillboardIndustry #OOHAdvertising



    Keywords:


    billboard acquisitions

    outdoor advertising growth

    billboard company operations

    Trailhead Media CEO

    John Morrow interview

    billboard lease negotiations

    digital billboard investment

    programmatic billboard advertising

    remote billboard operations

    outdoor advertising leadership

    billboard acquisition strategy

    out-of-home advertising

    billboard company culture

    billboard due diligence

    private equity billboards
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    58 min
  • From Bear Suit to Billboard Vet: Matt Schulze's 30+ Years in OOH

    From Bear Suit to Billboard Vet: Matt Schulze's 30+ Years in OOH
    Jul 28 2026

    Building a successful billboard company takes far more than finding a good location. In this episode of The Bell Board Podcast, Neil Bell sits down with Matt Schulze of Selective Structures to talk billboard construction, digital billboard strategy, and the lessons of a 30+ year career in out-of-home (OOH) advertising.

    Matt shares the wild story of how a bear costume unexpectedly launched his career, wood-pole vs. steel-monopole construction, why billboard maintenance gets overlooked, what makes a billboard truly "digital-ready," building stadium scoreboards and major sign projects, and what he believes the next generation of OOH operators needs to focus on.

    Guest: Matt Schulze — Selective Structures (selectivestructures.com)
    Host: Neil Bell — New South Outdoor (newsouthoutdoor.com)

    0:00 Introduction & meet Matt Schulze (Selective Structures)
    1:03 The bear costume story that started a billboard career
    4:24 Leaving radio for the billboard business
    7:31 Tommy Teepell's influence & finding success in billboards
    9:21 Why billboard companies should work together
    11:10 How the billboard industry has changed over 30 years
    14:55 Why every billboard should be built digital-ready
    17:30 Wood pole vs. steel monopole billboards
    20:04 Common mistakes new billboard owners make
    27:29 Billboard maintenance: paint, head bolts & longevity
    32:04 Billboard safety & protecting installation crews
    39:57 Wind frames vs. panels for hurricane-prone markets
    41:27 Rising steel costs & how to compare billboard structures
    45:00 Building stadium scoreboards & major sign projects
    47:32 Digital billboard strategy & buying the right equipment
    55:10 Billboard advertising around the world
    59:23 Creative billboard permitting & using AI responsibly
    1:02:24 Economic cycles in the billboard industry
    1:04:08 Billboard investing & return on investment (ROI)
    1:05:43 Matt's biggest career lesson
    1:08:02 Advice for the next generation of billboard operators
    1:10:36 Closing thoughts

    This episode is supported by:
    Drachman M&A Co. — the outdoor advertising industry's M&A advisory firm. drachmanco.com
    SignDash — billboard sales & inventory management software for independent OOH operators. signdash.com

    #Billboards #OutdoorAdvertising #OOH #DigitalBillboards #BillboardConstruction
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    1 ora e 11 min
  • Stop Selling Billboards. Start Selling Ideas. | Kevin Gephart

    Stop Selling Billboards. Start Selling Ideas. | Kevin Gephart
    Jul 14 2026

    AI is rapidly changing billboard sales, but technology alone isn't enough. In this conversation, Kevin Gephart shares why successful out-of-home advertising starts with better sales thinking, stronger client relationships, and selling ideas instead of inventory.

    Whether you're an independent billboard operator, sales manager, media executive, or advertising professional, this episode explores practical strategies for improving sales performance, leveraging AI, building better compensation plans, and helping advertisers achieve stronger marketing results.


    Kevin also explains why local advertising remains one of the biggest untapped opportunities in out-of-home advertising and why operators should focus on growing the overall advertising pie—not just competing with other billboard companies.


    Guest: Kevin Gephart - https://oohsalesfaster.com/

    Sponsors:

    Stark Capital - https://starkcapitalsolutions.com/


    Selective - https://www.selective.com/


    Time Stamps / Chapters:

    00:00 AI Is Changing Billboard Sales

    01:00 Kevin Gephart's Background

    05:14 Selling Ideas Instead of Billboard Space

    10:20 Why Cold Calling Still Works

    11:47 Using AI as a Sales Assistant

    14:08 Why Short Advertising Campaigns Fail

    18:19 Winning in Smaller Local Markets

    23:22 Vendor Partnerships & Digital Opportunities

    27:30 Stop Competing Only With Other Billboards

    37:35 Sales Compensation & Incentives

    46:06 Explaining Digital Billboards to Advertisers

    53:17 Working With Advertising Agencies

    01:00:08 What Has Become Harder About Selling Advertising

    01:05:05 The One Mindset Shift Every Billboard Operator Needs


    YouTube Tags:

    billboard advertising, billboard sales, out of home advertising, OOH advertising, billboard marketing, AI in sales, AI for advertising, digital billboards, advertising sales, sales training, Kevin Gephart, OOH Sales Faster, local advertising, media sales, billboard operator, advertising strategy, cold calling, sales management


    Hashtags:


    #BillboardAdvertising #OutOfHome #SalesTraining


    Keywords:


    billboard sales strategy

    out of home advertising

    OOH advertising sales

    AI for sales teams

    billboard sales training

    digital billboard marketing

    local advertising strategy

    media sales coaching

    cold calling techniques

    advertising sales management

    billboard operator tips

    creative billboard advertising

    sales compensation plans

    AI for prospecting

    Kevin Gephart interview
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    1 ora e 7 min
  • From Operator to Owner: Scaling a Billboard Business Without Losing Control | Becky Smith - Behind The Board

    From Operator to Owner: Scaling a Billboard Business Without Losing Control | Becky Smith - Behind The Board
    Jun 30 2026

    What happens after the billboard sale is often where the real work begins. In this episode, we sit down with Behind The Board founder Becky Smith, a billboard operations specialist who helps independent operators streamline their businesses and reclaim their time. Becky has spent years managing the day-to-day operations of multi-market billboard companies, working directly with advertisers, installers, printers, and owners to keep campaigns running smoothly.

    We discuss the operational challenges that can slow growth, including campaign scheduling, advertiser communication, proof-of-performance reporting, billing, documentation, and digital billboard management. Becky shares why many operators don't need more sales—they need better systems and support behind the scenes to handle everything that happens after a contract is signed.

    The conversation also explores delegation, scaling an out-of-home advertising business, building efficient workflows, and creating processes that allow owners to focus on growth rather than getting buried in daily administrative tasks.

    Whether you're an independent billboard operator, out-of-home advertising professional, or entrepreneur looking to build a more efficient business, this episode is packed with practical insights on operations, organization, and sustainable growth.

    Learn more about Becky and Behind The Board:
    behindtheboard.io


    00:14:32 IBO Growth and Bigger Industry Events

    00:18:29 Why Panels Deliver the Most Value

    00:20:53 Learning Through Industry Networking

    00:23:05 What Successful Billboard Operators Do Well

    00:26:16 Bootstrapping vs Private Equity in Billboard Advertising

    00:28:20 Why Billboard Businesses Aren't Traditional Real Estate

    00:30:08 Growth Challenges and Delegation

    00:35:27 Digital Billboards and Industry Change

    00:37:13 Consolidation and the Future of Independent Operators

    00:40:19 Attribution, Metrics and Advertiser Expectations

    00:42:21 The Challenge of Measuring Out-of-Home Advertising

    00:45:15 Launching a New Business Venture

    00:48:20 Helping Billboard Operators Scale

    00:53:02 Entrepreneurial Advice and Taking the Leap


    Tags:

    billboard advertising, billboard business, out of home advertising, OOH advertising, digital billboards, independent billboard operators, billboard industry, outdoor advertising, billboard sales, business growth, entrepreneurship, private equity, attribution marketing, advertising metrics, billboard conferences, IBO, out of home media


    Hashtags:

    #BillboardAdvertising

    #OutOfHomeAdvertising

    #Entrepreneurship

    Time Stamps / Chapters:

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    57 min
  • Want to build a billboard business? w/Justin Booher - Vital Outdoor

    Want to build a billboard business? w/Justin Booher - Vital Outdoor
    Jun 16 2026

    Want to build a billboard business? In this episode, Justin of Vital Outdoor shares what he's learned after more than two decades in the out-of-home advertising industry, including finding billboard locations, financing growth, digital billboard adoption, and navigating legal battles.

    From launching one of Oklahoma's first digital billboards to fighting a four-year lawsuit over a permit, this conversation is packed with real-world lessons for billboard operators, entrepreneurs, and anyone interested in out-of-home advertising.

    Whether you're new to the billboard industry or already own signs, you'll hear practical insights on site selection, sales, permitting, financing, and the realities of growing an outdoor advertising company.

    Time Stamps / Chapters:


    00:00 Introduction & Sponsor Message (Stark Capital)
    00:02:55 Meet Justin of Vital Outdoor
    00:03:38 From Sign Company to Billboard Operator
    00:05:37 Building the First Billboards in 2004
    00:09:02 Launching One of Oklahoma's First Digital Billboards
    00:16:28 Extreme Sports, Paragliding & Skydiving
    00:19:45 Running a Family Billboard Business
    00:23:16 Sponsor Message (Selective Structures)
    00:26:08 The Four-Year Billboard Lawsuit
    00:35:33 The Billboard Construction Disaster Story
    00:40:52 Growing to 15 Digital Billboards
    00:44:34 Lightning Strikes a Digital Billboard
    00:49:25 Why Some Billboard Locations Surprise You
    00:53:03 The Value of the IBO Community
    01:00:23 Advice for Young Billboard Entrepreneurs


    YouTube Tags:


    billboard business, billboard advertising, out of home advertising, OOH advertising, digital billboards, billboard investing, billboard permits, billboard financing, outdoor advertising, billboard entrepreneur, Vital Outdoor, Justin Vital Outdoor, IBO, independent billboard operators, digital billboard business, billboard site selection, billboard sales, out of home media


    Hashtags:

    #BillboardBusiness
    #OutOfHomeAdvertising
    #Entrepreneurship

    Keywords:


    billboard business

    digital billboard advertising

    out of home advertising

    outdoor advertising company

    billboard investing

    billboard permits

    billboard financing

    billboard site selection

    digital billboard business

    billboard entrepreneur

    billboard sales strategies

    independent billboard operators

    billboard legal challenges

    billboard acquisition strategy

    outdoor advertising industry
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    1 ora e 4 min
  • Episode 2 | Grey Vick | Grey Outdoor

    Episode 2 | Grey Vick | Grey Outdoor
    May 18 2026

    Grey Vick built one of the Carolinas' largest independent billboard companies from the ground up — 770+ faces, 50+ digitals — starting in 2007 with used utility poles, renegotiated loans, and bigger companies telling him he wouldn't make it. Neil and Grey trade war stories from the financial crisis, debate the real economics of easements vs. leases, and get into why long-term branding on a billboard works the way compound interest does. A builder who never sold out and a serial developer who's flipped seven companies talk straight about what this business actually takes — and why neither of them can quit the rush of watching a pole go in the ground.
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    1 ora e 20 min