Home  › Media › Media Buying

Disclosing the Quality Is Job-One

  |  August 30, 2001   |  Comments

If advertisers and publishers alike were fully cognizant of the true value of online advertising, it's likely that demand for online ads would pick up. Unfortunately, it looks like it's going to get nastier out there for a while.

Another week, another huge bundle of new listings of dot-bombs. Call up your favorite list of dot-com stocks on Yahoo Finance. How many of them face delisting from the Nasdaq and banishment to the Over the Counter (OTC) boards? How many of the companies that are dependent on Internet advertising dollars don't know whether they'll make it through the end of the year on the cash they have left?

It's all really, really sad. From where I sit, it's no fun to get those "going out of business" calls from salespeople who have been selling online ads since 1996. Unfortunately, with things going the way they are, it looks like it's just going to get nastier out there. Expect it to continue until publishers can demand a reasonable price for online ads -- reasonable enough to allow them to continue to support themselves.

I'm not one to argue with the basic laws of supply and demand. However, I would argue that if advertisers and publishers alike were fully cognizant of the true value of online advertising, it's likely that demand for online ads would pick up.

One of the first things we need to do as an industry is completely restructure the way that advertisers and publishers conduct cost-per-acquisition (CPA) campaigns. For a couple years now, publishers using the major ad servers have had the ability to use cookies and pixel tags to independently verify their contributions to CPA campaigns. Why, then, do I still hear horror stories about publishers getting credit only for purchases that immediately follow a click?

Why aren't publishers structuring different types of deals with advertisers? Why aren't they pixel-tagging landing pages on the advertiser's site and asking to be paid for view-through, non-click purchases and delayed conversions? If publishers continue to take credit only for the purchases that happen on a click-to-buy basis, they're being credited with only a small portion of the campaign's total success. I don't understand why, when publishers' very survival is on the line, more of them aren't insisting on implementing closed-loop reporting for CPA deals.

While we're on the topic of publishers standing up for better practices, here's another question for you: Why aren't more publishers insisting that advertisers make use of rich media? We know it's more effective than GIFs at branding. We know it can be hundreds or thousands of times more effective than GIFs at direct response. I can't even remember the last plan I put together that didn't include some form of rich media. So why do GIFs and JPEGs continue to dominate the Web?

And finally, why haven't online brand studies whipped every traditional advertiser into a total frenzy? It's been a while since companies such as Millward Brown and Dynamic Logic developed online versions of the brand studies that traditional advertisers use to justify media spending. We've had time to review these companies' numerous case studies and white papers demonstrating the branding value of online advertising, and even showing which online ad units are best at lifting brand awareness and purchase intent. Why, then, are brand studies not being offered as added value along with every campaign proposal to traditional advertisers?

The quality of the product is certainly there. We just need to make it evident to advertisers who may not be aware of it.

ClickZ Live Chicago Join the Industry's Leading eCommerce & Direct Marketing Experts in Chicago
ClickZ Live Chicago (Nov 3-6) will deliver over 50 sessions across 4 days and 10 individual tracks, including Data-Driven Marketing, Social, Mobile, Display, Search and Email. Check out the full agenda and register by Friday, Oct 3 to take advantage of Early Bird Rates!

ABOUT THE AUTHOR

Tom Hespos

Tom Hespos heads up the interactive media department at Mezzina Brown & Partners. He has been involved in online media buying since the commercial explosion of the Web and has worked at such firms as Young & Rubicam, K2 Design, NOVO Interactive/Blue Marble ACG, and his own independent consulting practice, Underscore Inc. For more information, please visit the Mezzina Brown Web site. He can be reached at thespos@mezzinabrown.com.

COMMENTSCommenting policy

comments powered by Disqus

Get ClickZ Media newsletters delivered right to your inbox. Subscribe today!

COMMENTS

UPCOMING EVENTS

Featured White Papers

IBM: Social Analytics - The Science Behind Social Media Marketing

IBM Social Analytics: The Science Behind Social Media Marketing
80% of internet users say they prefer to connect with brands via Facebook. 65% of social media users say they use it to learn more about brands, products and services. Learn about how to find more about customers' attitudes, preferences and buying habits from what they say on social media channels.

Marin Software: The Multiplier Effect of Integrating Search & Social Advertising

The Multiplier Effect of Integrating Search & Social Advertising
Latest research reveals 68% higher revenue per conversion for marketers who integrate their search & social advertising. In addition to the research results, this whitepaper also outlines 5 strategies and 15 tactics you can use to better integrate your search and social campaigns.

Resources

Jobs

    • Digital Marketing Analyst
      Digital Marketing Analyst (GovLoop) - Washington D.C.Are you passionate about audience acquisition? Love effective copy and amazingly effective...
    • Product Specialist
      Product Specialist (Agora Inc. ) - BaltimoreDescription: The Product Specialist is hyper-focused on the customer experience and ensures that our...
    • Partnerships Senior Coordinator
      Partnerships Senior Coordinator (Zappos.com, Inc.) - Las VegasZappos IP, Inc. is looking for a Partnerships Senior Coordinator! Why join us? Our...