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Advertising
and Promotion (MKT621)
VU
Lesson
23
ONLINE
ADVERTISING
OVERVIEW
In
this lecture we will concentrate on
introducing the modern
advertising medium known
as
online
and would explain some
internet buzzwords. The
importance of online advertising
will
be
highlighted and a comparison of online
and traditional advertising will be
illustrated besides
the
objectives of online advertising and
the challenges faces
thereon.
THE
MODERN ADVERTISING ON LINE (A new
avenue getting popular):
Online
advertising is a new and rapidly
getting popular avenue.
There are special
buzzwords
attributed
to it and used by it which are
detailed and explained
below:
SOME
INTERNET BUZZWORDS:
Button
Ads: Squarish
Ads that are usually at
the bottom of a web page
& contain only a
corporate
name of brand.
Click
Through or Click Rate: How
often a viewer responds to an ad by
clicking on it.
Cookies:
Information
stored on a viewer's web browser to
help identify that
particular person
to
the web provider the
next time that viewer
visits a particular
site.
Cost
per Click: The rate
charges to advertisers if the user
responds to a displayed
ad.
Cost
per Lead/Sale: The rate
charged to advertisers if the user
responds with
personal
information.
Impressions:
The
total number of times an ad is
displayed on a web page
different
than hits.
Sponsorships,
or Co Branded Ads: Integrating
companies brands & products on web
sites.
Ad
Views: Number of
times an ad banner is down
loaded.
Banner:
Ad
on Web site hot linked to
advertiser's site.
Interstitial:
An
ad that appears in a window on
your screen while waiting
for web page to
load.
Rich
Media: Special
effect technology like
streaming video, audio used
for internet ads
etc.
IMPORTANCE
OF ONLINE ADVERTISING:
As
explained above online advertising
i.e. advertising through
internet and websites is
becoming
very popular and is being
extensively used following is
the importance of
online
advertising:
·
One of the very few
media alternatives that can be used
for almost all advertising
purposes
across
all possible market segments.
·
There is rapid acceptance of
Internet as a medium of connectivity
& commerce.
·
Provides more interactivity
with customers.
·
Consumers can interact with a
product & build their
own experience with
it.
66
Advertising
and Promotion (MKT621)
VU
COMPARISON
OF ADVERTISING:
ONLINE
TRADITIONAL
·
Very interactive.
·
Traditional.
·
Offers best pull &
push Advertising.
·
Less
effective.
·
Consumers can pick &
choose
·
Restricted.
information.
·
Advertisers can customize
message.
·
Generalized.
·
Provides best sales lead to
B2B
·
--
Do --
advertisers.
OBJECTIVES
OF ONLINE ADVERTISING
The
objectives of online advertising
are given and explained
below:
Build
brands: Many
top fortune 500 companies tell
the world about their
products & educate
public.
Drive
traffic to website: Online
advertisements offer proven
way to steer interested
buyers to
website
to know more about products
& services.
Develop
qualified leads: On website
through best copy &
pictures convince the
prospects for
good
business.
Conduct
sales: Once
convinced sales can be closed either
online or direct buyer to
sales
channel.
TYPES
OF ONLINE ADVERTISING
There
are different types of
online advertising in use and
these are as follows:
World
Wide Web Home Page:
The
web page can identify
retailers and other
product
providers
that can prove useful for
the consumer.
Banners:
These
are easy to create and are
usually placed on a website
featuring
complementary
products.
Logos:
Company
logos are placed at the top
of the websites and generally depicts the
motto or
operations
of the company.
Email
Ads: By creating
compelling email experiences advertisers hope to
convey their
message
in a better way.
Keywords
on Search Engines: Advertisers
can buy keywords on search engines to
increase
their
exposure.
Classified
Ads: Classified
ads work because as far as
users are concerned they
are content and
not
advertising as people actively seek
out the classifieds when
they are looking to buy
such as
a
sight like ebay.com
Interstitials:
These
are those adds that popup
when the users load a
new page. In fact when
the
user
hits a button to link to a
new page the interstitials
is display and disappears as soon as
the
new
page is loaded.
Sponsored
Mailing List: Mailing
list offer advertisers
highly targeted audience that gather
to
discuss
specific interest.
67
Advertising
and Promotion (MKT621)
VU
CHALLENGES
OF ONLINE ADVERTISING
Despite
being popular and rapid
growth there are still
marketing educational and
structural
challenges
and the new developments attached to
it. These are discussed
below:
Marketing
Challenges:
·
Need for simpler
language.
·
Where ever practical
use same language.
·
Need for selling the
internet in simpler
way.
·
Obtain & distribute accurate
figures about size of online
audience.
·
Collate research about
online penetration and
attentiveness.
Educational
Challenges:
·
Special Initiatives needed to
educate the advertisers about
benefits & methods of
online
advertising.
Structural
challenges:
·
At present planning process remains
a particular challenge.
·
Lack of good copy or Marketing
technique.
·
A compelling & irresistible
offer essential for prospect.
New
Developments
·
Better Metrics.
·
Greater use of
Sound.
·
More customer
support.
·
Customized websites.
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