I have been anxiously awaiting this day. My Space has begun a “targeted ad” campaign which if successful, I think will revolutionize the advertising world. The benefits of targeted advertisements is simple:
Deliver more meaningful advertisements
It is a fact of life that quality content must either be paid for (Cable channels) or supplemented through advertisements (Network). We have been living with advertisements on television since it’s inception. Although TV/Cable content providers have become more intelligent about their ad placements (My wife does not understand half of the humor displayed in the advertisements during a Football game on Sunday), there was no real way to determine who was watching television.
Enter “Cookies” – no not your mom’s chocolate chip cookie. Imagine the Nielsen Ratings group – only in EVERY household. Essentially every visitor to a web site can be tracked. And with sites like Facebook and MySpace your content retrieval habits can also be tracked. Imagine watching television and getting an advertisement that said: “Goes great with the new pair of brown pants you just bought last week from the store”. Freaky yes, but I would rather have this ad then a bunch of ads completely unrelated to what I am looking for.
Targeted advertisements hold the key to increased click-through rates and even higher completion rates (someone actually purchases). I know this topic represents a mixed bag – but I think that this is the best thing to happen to the Internet. Among its benefits:
- Potential for less advertisements – key concept here is that the websites sprinkle a ton of advertisements in hopes that one of them is clicked
- Advertisements are more successful – no more campaigns with unknown return value
- Freak the hell out of your Mom – ha- no seriously, though, remember the Minority Report? Imagine an ad directed towards your mom? I know mine would freak out. “How’d they know that I just remodeled my kitchen”?
There are certainly some challenges and I think that the general privacy community will certainly have problems with statements like this:
“If someone’s been identified as someone who’s interested in fashion, we target ads to them that have nothing to do with fashion, and then ads that would direct them to say, the MySpace fashion channel.”
How do they determine someone is “interested in fashion”. Do they look at my MySpace messages? At my “Blog” posts? Surely someone will want a public deceleration of the data collection policies used to determine the targeted advertisements.
At any rate – we are on our way, so we shall see!