There are many days when we all feel like we're searching for that silver bullet or magic wand that will solve all our digital woes. It's a lot like finding Waldo! All too often it feels near impossible. We all read the headlines that speak to the double digit increases in ad spend but then you look at the books and wonder why aren't our revenues growing by the same or more? In some cases publishers are actually seeing shrinking revenues in their once rapidly growing business. How can this be? The top five media companies Google, Facebook, Yahoo, AOL, and Microsoft are capturing two-thirds of all digital ad spend (including search), according to the latest report by eMarketer.
Turns out scale isn't everything. Aggregation of inventory and audience isn't enough anymore to drive revenue. The market is more sophisticated and expects more from its media partners. This means not only do you need scale, but you also must have the "special sauce" that attracts marketers and makes them believe that by investing in you they will get something that is new and unique - with great service. Let's take a look at what the big five offer that gives them such a clear advantage and then review a few things that you can do as a publisher to defend your position and hopefully drive some revenue.
How can an individual publisher compete?
Life as we know it is probably over. The good news is that there are a tremendous number of tools that we can use to generate revenues.
So take your head out of the sand, stand tall, and find your Waldo.
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Larry Allen is SVP, Business Development and Global Platform Sales 24/7 Media. He has responsibility for overseeing solutions for publishers across various advertiser and publisher-facing business lines globally.
Larry has extensive experience in digital media, marketing and business strategy unmatched by most standards. Prior to joining 24/7 Media in 2011, he held senior management positions at cutting-edge digital media companies such as AOL, Viewpoint, Unicast, Yieldex, Real Media and TACODA.
Larry also ran his own consulting business where he advised many major media companies such as The New York Times, Meredith, 33Across and Business Insider. He is a frequent contributor to a number of trade publications, blogs and industry conferences.
A graduate of Clarion University of Pennsylvania, with a degree in Business Management, Larry is based in 24/7 Media's headquarters in New York City.
December 12, 2013
1:00pm ET / 10:00am PT