📺 Stream EntrepreneurTV for Free 📺

Meet the Company Modernizing Outdoor Advertising This channel has a remarkable opportunity to evolve and grow beyond its anaemic 13 per cent allocation in the average advertisers' budget

By Scott Linn

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

Nickelytics
Nickelytics

"A man who stops advertising to save money is like a man who stops a clock to save time," said Henry Ford.

The concept of advertising is as old as the concept of business itself. In a world of increasing distractions and the rapid pace of modern life, businesses need more effective advertising options to capture consumers' attention.

However, not every advertising channel has kept pace with the growing demands of more sophisticated, performance-driven marketers. While digital advertising has seen significantinnovation over the past decade, the out-of-home advertising industry (including billboards, wallscapes, and mobility assets) has remained comparatively stagnant. Out-of-home advertising consistently provides $5.97 in revenue ROI for every $1 spent. Still, this channel has a remarkable opportunity to evolve and grow beyond its anaemic 13 per cent allocation in the average advertisers' budget.

OOH advertising

Nickelytics is building a marketplace for out-of-home (OOH) advertising. Much like Facebook and Google have continued to revolutionize digital advertising to empower businesses to launch customized ad campaigns in minutes, Nickelytics is working to bring these same tools and technology to the outdoor advertising market.

The vision Nickelytics holds clear is to create the infrastructure to enable brands and marketers to deploy targeted OOH campaigns across a variety of assets (billboards, vehicles, digital signage, etc.) with the same ease and power of a pay-per-click (PPC) campaign. By connecting the suppliers of these assets, this platform will bring together opportunities to reach consumers in a way the OOH industry has yet to achieve.

https://republic.co/cdn-cgi/image/width=680,dpr=2/https:/uploads.republic.co/p/images/attachments/original/000/029/252/29252-1606569024-63d1a5bb42f503bbd4c099135f71d2040c3ca694.png

Proving a real return on ad spend for outdoor advertising

"Half the money I spend on advertising is wasted; the trouble is I don't know which half," said John Wanamaker.

Wanamaker said that somewhere around the turn of the century, the 20th century. Wanamaker's quip has been highly debated ever since. And, while media giants and technology magnates have been diligently working to prove him wrong, Nickelytics works to bring a more precise focus on performance and remarketing to the OOH market.

Nickelytics is moving beyond the simple consolidation of media assets for greater efficiency. They are leveraging available technology and a myriad of data partners to drive greater performance accountability in the OOH industry. All while providing unprecedented opportunities to retarget and remarket to consumers exposed to the brand message.

The Nickelytics platform takes it another step further by offering attribution opportunities to identify whether a customer visited a business location, made a purchase on their website, or downloaded an app.

https://lh5.googleusercontent.com/xlLHvKyd37fm7e7ZyPMZBrzGVw7EoAsYq-wYtqj4Ztw2fbme4RPSPznqyAazZjrchF-AYhnKotMvO7OFPYRSkFaYfJPyKtefdsnWc6KCIxF9uqzU6HtgyngNfmT5962cjZRd8Mc5

The focus behind Nickelytics

https://lh5.googleusercontent.com/FAnpxrOTrmOD7AlDJcWq0FcqQ2FhrJtCGppuNP43fzL7uEf87Qyu4q55v1Y8DoranecQFDS7mwZX1kAZkKQnogUUYeXpw2tRGze__LwkrIZ3nhUvMpeKgShDMcGdQPcWu3BdU6dO

Judah Longgrear, CEO & Co-Founder

Judah Longgrearbegan his entrepreneurial career as a teenager when he owned a coffee shop at 19. After the sale of that business, Judah went on to earn his undergraduate degree from West Virginia University. Judah has enjoyed significant success in the corporate world since taking his first position at Pepsico. Judah has developed proficiency in setting strategy, leading diverse, cross-functional teams, solving complex problems, and building partnerships as a business development executive at companies like Salesforce, Netapp, and Gartner. In 2017 he founded The Nickel Ride, a ridesharing service paid for by advertisers, which became the foundation for Nickelytics.

What's next?

Nickelytics is focused on building the technology and media partnerships necessary to activate the vision set forth by Judah and the executive team. Nickelytics is poised to create both opportunity and impact in a marketing sector ripe for innovation with the support of leading technology, operational, and marketing industry talent.

"The excitement we are seeing for what we are building is tremendous," said Longgrear. "Brands and advertising agencies alike are seeing this as something that will make their work both easier and more effective. But, the real excitement I feel is watching the Nickelytics team see this as both a commercial and creative opportunity like none other."

Own part of the future of OOOH advertising

https://lh3.googleusercontent.com/PQL2YhYvDY5BPsCkb2TsUHTjC5ESroV9OfJh6VvoGHnHTpLhMBCgeGGQFiSrD3Jq23oDwAxRI5YuGYWy8j-8JAQpSFlJqv60vzZj-6wo7hxJxsumUHKYQBcKvamkVXHF42INjbXd

Investing in Nickelytics is investing in effective disruption for advertising on a broader scope.The investment opportunity with Nickelytics is open to the public for a limited time through the Republic investment platform, with a minimum investment of $100.

"We are excited for how the Republic campaign and our recent endorsement from Neil Patel will fuel our growth and vision. We invite you to join us in changing an industry for the better, forever," said Longgrear.

Scott is a veteran professional who has worked with who’s who in the marketing industry. Known for his versatility, he has led some ground breaking researches and mentors various young entrepreneurs in the innovative field of marketing management
Business News

These 4 Words Make It Obvious You Used AI to Write a Paper, According to New Research

Scientists are increasingly using ChatGPT and other AI bots to write studies.

Starting a Business

Clinton Sparks Podcast: How T.I. Achieved Massive Entrepreneurship Success in Music and Life

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.

Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

Starting a Business

3 Types of Rent-Free Workspaces for Entrepreneurs

Take advantage of these free workspaces offered by chambers of commerce, universities and the community-at-large.

Marketing

COVID-19 Transforms Out-Of-Home Advertising

Economic crisis and pandemics like these breed incredible opportunities and this is one such opportunity for the OOH advertising industry to relearn and transform.

Side Hustle

He Started a Luxury Side Hustle at Age 13 — Now the Business Earns More Than $10 Million a Year: 'People Want to Help You When You're Young'

Michael Morgan, now the owner of Iconic Watch Company, always had a passion for "old things" — and he turned it into a lucrative venture.