Tuesday, November 18, 2008
holy grail of advertising
On page 233 Kevin Lee, as many marketing heroes before him, briefly speaks about social networking, though it quickly leads him to the topic of narrowcasting. Narrowcasting is basically about one on one marketing, in opposition to mass marketing, which Lee sees as the Holy Grail of advertising, which would be sort of an everybody wins condition. Nobody really wants to deal with advertising, but if you don’t have a choice, most people would like to see something of relevance, and marketers want to more efficiently target the receivers, and this is where narrowcasting comes in with its’ targeted ads. Lee sees social networks as a place where narrowcasting could happen. I guess it’s because this is a place where you can find out what individuals actually want, and at the right moment make them an offer that they won’t see as intrusive. Because I still believe that one of the biggest problems with advertising in with a social network is that users find it intrusive. I think these are Internet users that are relatively used to online ads, and therefore are used to simply ignoring them, but in a social context this disregard would quickly be replaced by annoyance, which of course would have the exact opposite effect the marketer’s after. However, if the ad’s related to something the receiver wants or needs, this annoyance will probably not chip in. More likely that it actually will be welcomed! A win win situation! This is probably a way more costly way to market ones’ product, but it’s definitely a more efficient way that will pay off in the end. I could see this as being the future of advertising.
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3 comments:
I agree. The possibilities of dynamic content and the fact that people pour their personal information onto the net make it a great opportunity for marketers.
It will be interesting to see how traditional mass media such as TV and news papers will handle this issue.
I think the major benefits of online ads instead of traditional ads used to be measurability and that you can lead users more directly to action (by clicking the banner they can make a purchase right away).
With the entrance of social media the benefits are starting to really stack up and could soon be forcing everyone interested in selling ads to go online.
The porblem i see with narrow casting is knowing what the user want. You mention that if the adds is about something the user wants or needs, the narrow casting will work. But often a problem with adds is that what the companies think the user wants/needs is often not the same as what the user actually wants.
In a sense, amazon.com shows a great example of 'narrowcasting' ads. Whenever I log in (actually, simply entering amazon.com from my computer, automatically says Hello Hoh), it shows relevant books I might be interested in. I normally look through them easily. But, still, machine recommendation system is not yet sophisticated, like my friends recommend...
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