I am always looking for interesting perspectives to share with you and the post from the Online Publishing Insider had a few tasty morsels relating to your website from an article called "What is 'Better'"...
"Size Matters
According to the Online Publishers Association (OPA), the key is bigger ads. In a recent announcement, OPA proposed three new larger ad units. The theory is that one big ad will replace several smaller ads, increasing revenue potential through higher CPMs, and improving the user experience with a less cluttered page.
While there are valid reasons for these larger formats, we'll have to give this idea some time to see how it works in reality. However, I have a difficult time believing that publishers will not give in to the temptation to simply add the larger formats to their pages in addition to their existing ads, in an effort to generate incremental revenue. I'm also not aware of any uproar from consumers pleading with us, "Please give us bigger ads!"
Create Better Creative
Randall Rothenberg, President & CEO of the Internet Advertising Bureau (IAB), is on a crusade to improve the creative element in our industry. Rothenberg blogged his "Manifesto on Interactive Advertising Creativity" prior to the 2009 IAB Annual Leadership Meeting, trying to ignite a conversation about the need for agencies, advertisers and publishers to increase their focus on creativity in the online advertising space.
This culture of creativity seems to have been lost in translation, somewhere between the teams of creative geniuses who collaborate on a 30-second TV spot and the single graphic designer churning out a 768x90 banner ad. Rothenberg's closing statement from his manifesto challenges our industry to get back to its roots: "Let's return to a time when advertising and media conversation was owned by the creatives, the editors, and the impresarios -- when it was dominated by debates about the craft of persuasion, about what moves people. After all, isn't that the reason we're in this business?"
Premium Pricing
Much has been written and discussed about the falling value of display ad pricing and how to build a foundation for premium pricing models. From the commoditization of ad inventory to the failing economy, there is no shortage of theories for the decline. Some would say that online publishers need to regain control of their ad inventory so they have more control over pricing. Others would point to the overemphasis on direct-response metrics that devalues the significance of brand advertising. There is also the simple law of supply and demand coming into play. The overabundance of inventory, combined with shrinking advertising budgets, are major factors in this conversation.
User Experience
Let's not forget about the other side of this equation: the consumer. We all have our opinions and theories on how to improve online advertising to increase revenues for our industry, but who is speaking up for the consumer? As we look for new ways to monetize digital real estate, is there sufficient focus on the user experience?
So, how do we make Internet advertising better? Do we need bigger ads? Better creative? Different pricing models? What is your definition of better -- and how do we get there?"
There are lessons to be learned from these examples that can be applied whether you are in Broadcast or Interactive. Creative/Placement has always been a key to success for any campaign. Recently Broadcast has given so much away that Premium Pricing is harder and harder to come by but it is up to us on the street to show our clients the value of the audience we have and the ROI is worth the price. Our audience experience continues to improve as click-through rates increase as we refine what works best for each client in each situation and scheduling of broadcast brings more prospects through the door.