April 29th, 2011
The Future of Marketing is Online
Businesses have always sought for ways to reach their clients. Companies typically choose to do this through advertising and marketing. The main three advertising mechanisms in the 20th century were television broadcasts, print, and radio. Within the past ten years there has been a new platform added to the mix: online. As a Denver online marketing business we did some research into current marketing and advertising trends and came up with some interesting numbers behind the transition into online marketing.
The unique thing about online marketing is that it takes all of these facets of advertising and merges them in one place for the world to experience. There is a place online for streaming music, television shows, and movies, all of which employ broadcast advertisements. Many of the same places that employ print ads have websites, and thus room for print ads. Traditional radio stations, online-only radio stations and podcasts stream their broadcasts online, with accompanying audio ads.
Statistics Show Online Advertising is the Future
In a recent Nielson survey, 80 percent of Americans said that they owned or planned on owning a computer with high speed Internet, whereas only 56 percent indicated that they owned or would be purchasing a HDTV.[1] This shows and reinforces the idea that online ads reach a wider audience than traditional ad forms.
As of 2010, online advertising purchased had surpassed newspaper ads purchased. By 2013 online advertising will surpass all of print media.[2] This truly brings to light the notion that the future of advertising is in the virtual world.
Newspapers: The Lost Art of Advertising
The statistics listed above has been realized by newspapers not only across the nation but across the developed world. With the coming of new media (online media specifically), newspapers have begun to see a decline in subscriptions. Consumers have begun to find their news online, where it typically costs them nothing, as opposed to having to subscribe to the local newspaper.
With consumers moving online, newspapers have done the same. It is now possible for local businesses to advertise with their local newspaper solely online. This helps newspapers maintain the ad revenue that they need, while in turn helping a local small business leverage online advertising.
Transitioning into Online Advertising
For some the transition to online advertising will be simple. These companies will already have a modest web presence. They will have their own website which they share with current clients. A company like this may also have color ads designed, that will be ready to transition into the first initial phase of online advertising. The company will simply take the digital form of their advertisement and be able to implement it into any web advertisement, because it’s a quicker form of what they already use.
However some companies may face challenges in transitioning. If they had only been advertising in newspapers and had no color ads, this could cause delays. What companies should realize is that online advertising should have a more personal approach. As they transition they will potentially have to search for deeper meaning as a company to build a personal relationship with consumers. This is going to be done through free methods of online advertising, emerging as “Inbound Marketing.”
Online Advertising for Free
The unique thing about online advertising is that a company can do it for free. This is done through a concept known as inbound marketing. There are many online social tools that a company can use to direct consumers to their website, which in turn brings them in contact with products.
Advertising to the Target Audience
A company can also use online advertising to reach a specific target audience. Companies can choose to only advertise on certain videos, websites, on down to individual social media profiles. This allows for a company to reach in a more direct manner than has ever been offered before. When in the past a company would simply place an ad in a men’s magazine reaching any males who purchase the magazine, now male college students can be specifically targeted through advertising on social media sites.
As always, we are here for your online marketing needs. If you have any questions related to the blog post feel free to contact us via email, Twitter, or Facebook.
[1] The Nielson Company, State of the Media 2010 for the United States.
[2] eMarketer, US Major Media Ad Spending Forecast.
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Subject matter experts: Your responsibility is thought leadership and playing a key role in bringing that thought leadership through executions like whitepapers, blogs, videos, and host of other tools that will not only serve as the centerpiece of lead generation campaigns, but will also serve to promote your personal brand. One of the categories of ROI is “ROP” – Return on Personal Brand.