Word of mouth on the Web is a powerful business tool for automakers. In an excellent interview with Mitch Lowe CEO of Jumpstart Digital Marketing, David Berkowitz presents on eMarketer a comprehensive picture of how strategic online communication is becoming for any offline business. In particular, it allows automotive companies to develop campaigns with a more specific and precise targeting than the ones diffused through TV advertising.
Travelzoo, one of the largest sellers of travel advertising on the Internet, sees higher demand for online advertising in the year 2004. The company bases its view on the number and volume of insertion orders for advertising in 2004 that it received by the first week of the new year. The note has been expressed in a press release in which, Elizabeth Rose, Senior Vice President of Strategy at Travelzoo, commented:“”We are very pleased with the number and volume of insertion orders that we have already received for 2004. In 2003, travel companies hesitated about making long-term advertising commitments. The combination of economic recovery and strong competition is now creating advertising demand, and also great travel values for the consumer.”
In my opinion, it’s a little bit too early to express such a statement, anyway I appreciate such a bravery to come up with a positive and stimulating (for the advertising industry) note.
What will happen to online advertising in 2004? Very very good question… To find a few answers, read the article by Janis Mara on IAR. The market should grow, bringing a differentiation between online marketing investments in branding and direct marketing, as Nate Elliot, analyst at Jupiter Research, explains. There’s also a lot of confidence in the growth of search engine advertising, as confirmed on the New York Times, dedicating an article to the matter (More Businesses Are Turning to Paid Listings on Search Engines). I guess I should have an opinion myself. Well, I obviously tend to agree with the idea that online advertising will grow in 2004, since this will represent a natural evolution of the market. However I wish this growth won’t be just a rush to adapt to the mainstream but, on the contrary, a conscious development towards creativity and quality.
Probably it doesn’t sound like a scoop, but it’s worth reporting that the third-quarter total marks a 20% increase over the year-earlier period and a 5% rise over second-quarter 2003. Promising numbers have been issued by the Internet Advertising Bureau and PricewaterhouseCoopers.
In the Netherlands, the National Post Service (TPG Post) launched a viral campaign to promote its online postcard service, while in Spain, the Sociedad Estatal Correos y Tel�grafos opened a tender to select the advertising agency to create a campaign for the online postal service. In Italy, as Pubblicit�Italia reports, Poste Italiane has decided to create a series of advergames to explain consumers the characteristics of its new paying systems. There will be an email marketing campaign to tell people about the advergame (which will also have a wireless version), as well as an online advertising creative.
The Italian portal Libero, together with Wanadoo Group, and Web.de (German portal) have announced the agreement to create a pan-European advertising network. It will operate in Italy, Uk, Spain, Germany, The Netherlands and France, granting about 30m unique users and 2 billions page views per month. The idea behind the project is to present online advertisers with a single point of reference when planning a campaign.
After successful tests with a small group of advertisers, the IAB determined that the new larger ad sizes enhanced impact and response and facilitated more attractive creatives. This is stated in a press release by Real Media Europe, a division of 24/7 Real Media, dispatched through Yahoo! News. But is it really like this, I mean, the bigger the better? I’m not so sure. Sometimes I feel like the IAB provides the industry with guidelines and suggestions that don’t really fit in the reality, but just the big portals’ needs. Online advertising is not only about size, it’s about context, relevance, timing and quality of the content. Let’s try not to forget it.
Online advertising has become a serious stuff for auto-makers. They are heavily investing in the media, and apparently getting good results back. On iMediaConnection Jim Meskauskas presents an excellent state of the art analysis of past, present and future of auto-makers online advertising.
Car rental companies are shifting more ad budget to Web. For example, Thrifty Car Rental, invested about 25% of its advertising budget online, since the regard the Web as an efficient medium. AdAge analyses in depth the car rental market situation providing numbers and opinions.
According to a new report, by MSN Online Pulse report, produced in conjunction with the IAB, online advertising is about to have a dramatic comeback. MediaGuardian comments today the report’s findings, explaining both the good and the bad news about online advertising future.
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