I get a lot of questions like…”what’s new in interactive” and “what should we look for next year”. Since it is account planning season I thought I would post 5 things that should be on everyones mind as we move into 2009. That said I will be posting my Top 10 Digital Trends by the end of the month… enjoy!
1. Paid search (SEM) or organic search (SEO) remains very important. Paid search is the lowest cost (direct response) media out there and in a down economy clients will flock to it. SEO is not a sprint it’s more of a marathon. Look for companies to finally start to understand that this year and invest accordingly.
2. Display (banners) ads aren’t dead. When buying banner placements through ad networks they are more valued/useful than ever. The core reason is that ad networks allow you to buy ads on a Cost-Per-Click (CPC) basis thus mitigating media ($$$) waste from your campaign.
3. Social Media it becoming more important than ever. In todays world the most trusted form of advertising comes from you and I (word of mouth). I like to say that consumers are the new brand managers.
- Social media covers a lot of areas like networks (i.e. facebook), blogs, mobile, and user generated content (UGC) and more. Brands need to focus less on “advertising” in this space and work harder to add value and become part of the conversation.
- Mobile… don’t believe the hype! Yes, it will be the bad-ass its touted to be in the near future. This year look for agencies/companies to test, measure, learn in this space more than they ever have before. Look for SMS Text campaigns, widgets (mini-applications) and mobile couponing to be at the forefront of those tests.
- Video… don’t believe the hype! (part 2). OK, we all love YouTube, Hulu, Heavy, TVVideo.net, Streamick, Tevootv and more. Hey some of my friends have given up cable because they can and do watch more TV online than they ever have before. Still agencies/clients continue to struggle with how best to monetize this viewing trend. Regarding straight up video ads (rich media, pre, mid or post roll) it is currently just too expensive ($40-$60CPMs). Since this year was both an Olympic and Political year I would expect inventory to open up thus resulting in (much) lower rates.
4. Websites, I want to say that they (enlarge) fall into two categories, engage or inform. However the real answer is that they are all over the place still being driven more by the creative idea rather than the consumer need. Regardless look for agencies/companies to be much more focused on defining (goals + objectives) the role of their online presence… let’s face it in todays world online is responsible for one of the most coveted consumer interactions, the first impression.
5. Analytics, remember these two things. 1. Data doesn’t lie. 2. Unless you want it too. It doesn’t matter if you’re talking about digital media or site side “user experience” it has become a numbers game. On the media side of things data helps to communicate the value of one tactic over another taking opinion out of the equation (most of the time). Example: If you primary goal is drive (increase) site traffic would you choose display advertising with a $25CPM or would you choose to run a >$1CPC paid search campaign?
ANSWER: Trick question… you may choose to run both and value your campaign by looking at your best performing CPA (cost per action or acquisition). Either way you need data to make any and all of those type of (well informed) decisions. – Don’t forget this…clients love data.
At the end of the day companies will become more analytically focused on validating both drivers and experiences in the year to come.