So, to start your Memorial Day Weekend, I thought I’d load you up with some facts. You know, some fun conversation starters for your barbecues. I do hope a lot of you will have other things to discuss, like the Red Sox are still nine and a half games ahead of the Yankees, even after our visit to NYC. Anyway, back on topic.
The IAB and PriceWaterhouse Coopers released their 2006 Internet Advertising Revenue Report on Wednesday. Internet advertising revenue for the full year of 2006 increased 35% over 2005. The total was $16.9 billion. That is 5.9% of total US ad spending, up from 4.7% in 2005. We are expanding and when compared to broadcast television (1949 - 1960) and cable television (1980 – 1991) we are expanding quickly.
Internet advertising revenue surpassed cable in its third year of growth and broadcast television in its fifth year of growth. What does this mean? It means as marketers we need to quickly understand how to apply our marketing efforts to Internet advertising. Not an easy task, there is way too much going on. However, as I have mentioned before I do believe Search will continue to be a road-map for consumers. Make sure you are testing search. There is a lot to learn including:
- How do people talk about my condition?
- What messages and keyphrases do they respond to?
- Should I buy broad keyphrases with low conversions but more branding opportunities or more targeted keyphrases?
- What is the impact to my query volumes and conversions when running a national DTC or DTP campaign or sponsoring the health section of Yahoo?
- How do I integrate search into my current marketing strategies? How do I integrate organic and paid search?
- What is the consumers experience when they search for my brand?
- I could keep going, but it is a holiday weekend.
Although not pharma related per se, here is some public information: Searches on Yahoo! for Cadillac Escalade jumped over 75% after the Superbowl. Cadillac was listed at the top of the sponsored search results and organic results. Search volume was up 105%, traffic volume was up 177%. Superbowl keyphrases generated 1.3 million impressions. Closing the loop is key. Am I beating a dead horse? Any of you planning a Superbowl ad? Any of you launching a DTC campaign soon?
By the way Search revenue accounted for 40% on Internet advertising revenue in 2006.
