Skip to main content
Search US website

Is Advertising Dead?

1 Comment

August 26, 2009

Related Topics:

OPEN Forum Message

Business Forecasting 2012

Our special feature on forecasting sheds light on how to choose the right model, offers advice from Jack Stack and more.

Get started
 


Garage Technology Ventures recently ran a conference called Revenue Bootcamp. The topic of one panel was “Is the advertsing model dead?” Bill Reichert of Garage moderated this panel, and it featured the following speakers:

 

  • Samir Arora, CEO of GlamMedia
  • Neil Chase, vice-president for author services of Federated Media
  • Tim Kendall, director of monetization of Facebook
  • David Kopp, senior director of North American ads for Yahoo!
  • Xavier Zang, manages third-party publisher relationships for Microsoft

If your company is using or planning to use the advertising model, you should watch it here. These are some of the key points:

  • The key starting point is great content. When you have great content, you’re more likely to attract audiences, and audiences are what advertisers are looking for.
  • Even if the audience is not huge, an advertising model can still be successful because advertisers need to reach and engage niche audiences, so focus on a specific audience—for example, female shoppers.
  • Don’t limit yourself to “advertising” per se. You can also make money when advertisers want to sponsor sites including their events. Data is also valuable to advertisers.
  • Opportunities also lie in “jumping to the next curve” and not sticking to current advertising, sponsorship, and data models.
  • Don’t look at what successful companies are now doing. Instead look at what these companies did to get successful.
  • A good way to look at your business as “audience-based.” That is, what is the audience that you’re delivering to advertisers?
 

What do you think?

Member avatar

Join the conversation ( 1 )

  • DANIEL ZUKOWSKI 2 years 5 months and 11 days ago

    DANIEL ZUKOWSKI

    Advertising has migrated (as has all media) from a one-to-many model to a many-to-many model. It's not enough for marketers to tell buyers what they want to say, they need to engage in an old-fashioned conversation.

Crash Courses

Cutting Business Costs

Have a New Year's Resolution to cut costs?
Get a head start with our latest crash course, Cutting Business Costs.

Launch Course

Javascript is currently disabled. Please enable javascript for the optimal OPEN Forum experience.

All users of our online services subject to Privacy Statement and agree to be bound by Terms of Service. Please read.

© 2012 American Express Company. All rights reserved.