Advertising Spend Imbalance: TV Versus Internet
Tuesday, May 8th, 2007I looked in today’s online Wall Street Journal and they still have posted in their Ecommerce/Media section the May 15, 2006 article TV + The Web = ? (subscription required) which quantifies facts that we have known for some time: Americans are surfing the web more than they are watching TV. Even though a year old, the article is still featured because we reached a key milestone which begs the question: If people have migrated from TV to the web, then why do advertisers continue to spend the majority of their budgets on TV while only a small percentage goes to web? There is still a lot of figuring out to do and it is not obvious where on the internet advertisers should invest; however, savvy advertisers are investing and learning and those that learn the fastest and execute first will win. The ones who sit back and wait for a clear model will find it hard to catch the early adopters.
I produced an audio documentary on the history of media my podcast New Media Currents which shows that the pace of technological and social change continues to increase at an exponential pace. Early adopters used to be considered money wasters and it might still be true that you should wait before buying the latest desktop software; however, when it comes to finding avenues to effectively sell the core competencies of your company, you should not wait. You should be learning as much as possible and executing your strategy. It’s a matter of survival.