This is advertising in a nutshell; a form of “communication” that attempts to persuade potential customers to purchase or to consume a product or service.
With the economic crisis right here, right now, many businesses are diverting their funds from payroll (very unfortunately) to marketing and advertising with the idea that that is the best investment for their immediate and future growth.
Newspapers (print ads): Great eye catching graphics and slogans. But aren’t we all now trying to “go green”? How many of us still get the paper delivered to our door? Isn’t it easier and quicker to “go online”? Why bother thumbing through all those pages when we can just type in a keyword and click search.
Television advertisements (commercials) range from a few seconds to several minutes (also program-length infomercials). Advertisements like this have been used to sell every product imaginable over the years. And can cost millions! But so many of us would rather use our favorite tool, the REMOTE, to channel surf, or at least mute those dreaded minutes of commercial time.
Food for thought:
We are in crisis mode, and that is when people turn to brands they know and trust, which translates to value. So, companies will be looking for more cost-effective ways to reach their target audiences. And that is online marketing, with almost instant feedback as to what is working and what isn’t, via the web pages you search, the newsletters you sign up for, the ads you click on, etc…
Many companies now have forums or blogs which create feedback from consumers so the new buyer can get that very important recommendation from the end user, much like a recommendation from a friend or family member.
The future (NOW):
Many experts predict that internet advertising in the USA will continue to rapidly increase within this economic downturn forcing a reduction in overall advertising spending. Many companies will be transferring much of their marketing budget from traditional (TV and print) to the new online media, which will most likely become the major avenue of advertisement over the next few years at a very high rate.
The snowball effect:
Online audiences watch what they want to watch, when they want to watch, and where they want to watch. It’s not just your grandmother’s PC anymore! Cell phones, Blackberrys, Iphones, MP3’s, etc… This audience is sure to increase as technologies progress and becomes more and more available.
There’s no turning back now…online advertising IS the future.