Apres le Deluge

  |  August 15, 2000   |  Comments

Dana predicts a lot less denial and a lot more acceptance at Jupiter Communications' Online Advertising Forum as he ponders over the amount of unfinished business. We still don't agree on how to count banners. We still don't have real standards for them. We still haven't settled on whether to pay CPM or pay for performance. Sounds like we've got our work cut out for us, but will the industry bite the bullet?

Today Jupiter Communications begins its first amid-the-flood online advertising forum.

Today's events are listed as the "Pre-Conference." The real business gets going on Wednesday.

A lot has changed since the last time the industry got together at San Francisco's @d:tech show. Back then, the main theme I detected was denial - denial that the boom's death was permanent and denial that it affected them. You might even call this a Kubler-Ross summer for the e-tailing industry.

I expect to see a lot more acceptance this week. The evidence is simply overwhelming. The latest piece of evidence, if more were needed, is the merger of Koz.com and Internet Tradeline. It's another of those one-plus-one-equals-one deals, greased by an additional $16.2 million in venture capital funding.

The folks at Jupiter should understand this well. They engaged in such a merger themselves recently, with Media Metrix.

The sad truth this industry must face this week is that there are fewer customers, and those who are left have a different attitude. There will be fewer tchotchkes and smaller parties. Topics of conversation will switch from who just got rich to who just went broke. Stock charts that used to look like mountain ranges now look more like Nixon's nose.

Those of us who saw this coming take no joy in it. I lost my first market of the flood just last week when Intellectual Capital, a Washington-based opinion journal, suddenly announced it was closing. My editor is off to the Kennedy School of Government. The boss, Pete du Pont, will no doubt land on his feet he would have looked great on that Philadelphia platform in place of Dick Cheney by the way.

When the money dries up, the fact is that good as well as bad businesses are left high and dry. But the times of trouble have their uses. The good people do land on their feet. The morons, on the other hand, go down for the count.

So if you're here, if your job is secure, and if you've still got some stock options that aren't under water, chances are you have a clue. You've won the game; you get the prize. The prize? You get a chance to play again.

There's an awesome amount of unfinished business in this space. We still don't agree on how to count banners. We still don't have real standards for them. We still haven't settled on whether to pay cost per thousand (CPM) or pay for performance. We still haven't decided whether they work at all, or whether something else needs to replace them. We still don't know where email fits in, and we still haven't agreed on the definition of spam.

These are just a few questions on which I'm looking for guidance this week. The answers still change from month to month, and the pace of change is still exhilarating. But we've shaken out the fools. Let's get to work.

ClickZ Live Toronto On the heels of a fantastic event in New York City, ClickZ Live is taking the fun and learning to Toronto, June 23-25. With over 15 years' experience delivering industry-leading events, ClickZ Live offers an action-packed, educationally-focused agenda covering all aspects of digital marketing. Register today!

ABOUT THE AUTHOR

Dana Blankenhorn

Dana Blankenhorn has been a business reporter for more than 20 years. He has written parts of five books and currently contributes to Advertising Age, Business Marketing, NetMarketing, the Chicago Tribune, Boardwatch, CLEC Magazine, and other publications. His own newsletter, A-Clue.Com, is published weekly.

COMMENTSCommenting policy

comments powered by Disqus

ClickZ Today is our #1 newsletter.
Get a daily dose of digital marketing.

COMMENTS

UPCOMING EVENTS

UPCOMING TRAINING

Featured White Papers

Gartner Magic Quadrant for Digital Commerce

Gartner Magic Quadrant for Digital Commerce
This Magic Quadrant examines leading digital commerce platforms that enable organizations to build digital commerce sites. These commerce platforms facilitate purchasing transactions over the Web, and support the creation and continuing development of an online relationship with a consumer.

Paid Search in the Mobile Era

Paid Search in the Mobile Era
Google reports that paid search ads are currently driving 40+ million calls per month. Cost per click is increasing, paid search budgets are growing, and mobile continues to dominate. It's time to revamp old search strategies, reimagine stale best practices, and add new layers data to your analytics.

Jobs

    • SEO Specialist
      SEO Specialist (NJM Insurance Group) - West TrentonNew Jersey Manufacturers Insurance Company is an industry leader among its peers and the largest...
    • Paid Search / Search Engine Marketing (SEM, PPC) Specialist
      Paid Search / Search Engine Marketing (SEM, PPC) Specialist (HeBS Digital) - New York  JOB TITLE:        ...