Monday, 3 September 2012

Failure Of Web Advertising

Failure Of Web Advertising

We're about 15 years into the internet revolution as a mainstream phenomenon

and by any measure internet advertising has to be deemed a major failure.

While the web itself has been a massive success (influencing virtually every

aspect of our lives) advertising on the web is mostly a bad joke.

Fifteen years into its mainstream life, television had created scores of

powerful consumer-facing brands.The only truly powerful brands I can

think of that web advertising has created are native web brands like Google,

Yahoo, Amazon and Facebook. It's as if the only brands television was good at

creating were CBS, NBC and ABC.After 15 years, can anyone name even

ten serious non-native consumer-facing brands that have been created

primarily by web advertising? Is there a brand of coffee, butter, beer, bread,

chicken, gasoline, soda, peanut butter, dog food, milk, tires, potato chips,

life insurance, lawn mowers...don't make me go on, you get the point...that has

been built primarily by web advertising? Display advertising is a joke.

Remember just a few years ago when they were selling us banner ads on the

promise that "interactivity" would make these ads so much more efficient than

traditional ads? Then they started measuring them and found that fewer than 2

people in a thousand were clicking. Oops.Now they're making the same

lame "branding" argument for online display ads they made against

traditional print ads. However armed with the proper understanding of the meaning of interaction,

properly executed, the web can be made to achieve everthing you have ever wanted!

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