| Advertising is a form of persuasion, which - if you think about it - is a form of behaviour modification. The traditional ad industry has understood how to modify behaviour since before the days of Bernays. So have politicians, lawyers, religious leaders, and demagogues. Online ads are probably the least effective of the behaviour mod techniques, because they mostly just annoy people. The online ad industry has always been less interested in a measurable ROI - i.e. increased product spend - than the trad ad industry. It preys on ad buyers almost as much as it preys on ad viewers, and I'm not convinced that it isn't a net loss for them. Even so, let's not forget that ultimately the business is all about conditioning people to take action they wouldn't otherwise do so they can "be monetised." I wonder if it's possible to have a win-win online ad industry that treats customers as adult equals instead of prey by giving them something back in return for their attention. The ads on specialist blogs, which are usually sold direct, tend to be far more interesting and clickable than generic banners because they're closer to the ideal trade-off of something-for-something. Most ads just want something-for-nothing, which isn't a great basis for a customer relationship. |
I guess that at the buying end of the advertising business, just like in software development, many people just want to use the latest tools (ad targeting in this case) to personally stay on top of the game even if their use case would benefit more from a boring old blanket campaign. Think of a campaign for an insurance company: even if it highlights a product aimed at twentysomethings, it will still be nearly as effective when hitting eyeballs from other age brackets. So how much of a premium per eyeballs should they be willing for targeted over blanket? Very little. Yet I see quite a lot of that kind of advertisement in fully targetable channels and I suspect that is due to the same driving force that makes software people always want to play with the latest toys. One that has settled, the laws of supply and demand dictate that the premium for targeted vs untargeted will shrink.