In case you have nothing to talk about this weekend, Internet advertising revenue for the first half of 2007 hit $10 billion - an increase of nearly 27% over the same period last year, according to the latest IAB report, released Thursday in conjunction with PriceWaterhouseCoopers. Search (41%), banners/display (21%) and classifieds (17%) continued to account for the highest percentage of ad spending online, the IAB reported.
That is the good news, so my advice, get in the game.
However, there are still obstacles, two reported by the IAB.
First, how do we measure audience. Further, I am asked weekly by at least one client or prospect how do we measure our success? our ROI? Measurement is a challenge. Television has been around for 50+ years and there are still consistent measurement standards. The Internet? No standards. Standard measurement will come, so get in the game.
Second, interactive advertising is still expensive to manage. For years Catalyst survived because the big shops did not want to spend the time on a small budget, expensive to manage, medium. The big shops are now participating but inefficiencies in the interactive advertising supply chain still exist. The communication community is working hard on this issue, and with the big boys in the game now, it will be resolved soon.
Don’t be discouraged! Search marketing and auction-based media buying have arrived and will eventually transform communication planning and tactics.

