The income generated from online advertising is set to overshadow it’s TV cousin
The money produced from online advertising is set to eclipse its TV cousin. The new findings that online advertising has outstripped that of normal medium including the TV gives a free advert for Search Engine Optimisation Company. The figures unveil a growing movement toward online advertising with £1.752 billion spent online verses only £1.639 billion on television. One explanation for this could be the broad scale of mediums included in the online statistics, these consisted of email campaigns, classified adverts, online ads and search marketing methods. These stats come as a surprise to traditional media such as newspapers, radio and television, who have been under pressure from poor profits and reducing audiences ever since the onset of the digital revolution and more recently, the credit crunch.
Naturaly the largest spenders on online ads were the technology businesses who control the online world with a 19% market share, making certain that they achieve the best Search Engine Placement positioning. These were followed by the telecom, finance, and entertainment industries. Vital to success were the ever present banner ads which were touted as meeting and even surpassing analogous advertising campaigns on the TV.
Advertisers are particularly keen to commend the virtues of Online Marketing basically due to the various metrics which can be recorded and analysed as part of the campaign. These wide-ranging studies can embrace vast panoply of custom metrics some of which can be used to assess the degree of impact an ad has on its intended audience directly. This is in harsh contrast to other forms of old fashioned advertising where the ads impact must be judged rather subjectively.
Another explanation for the phenomenal success of online advertising is the total scope for interactivity and fun. Games and entertainment can be effortlessly meshed with carefully crafted marketing campaigns. Especially good ones can become fully fledge cultural memes, reaching out to millions as people use email and social networking sites to spread the word. Furthermore the competitive online market place can be a magnet for a higher number of people during times of economic adversity as people flock online to search out bargains. All of these reasons, sited above, have been due in a large part to the availability of cheap and affordable broadband packages which have begun to flood the market. These supply the necessary speed and bandwidth to watch videos in real time and persuade people to spend more time online.
However a note of warning has been sounded by dissenting voices in traditional TV and print media stating the study is flawed principally due to unfair comparisons. As discussed earlier the online boom embraces a whole array of different mechanisms to market to the public whereas TV, radio and print are fixed to a single outlet. Further more the study did not explore the synergistic and symbiotic implications of combining ads across a combination of these platforms.
