Respondents of a recent online national survey on interactive advertising and digital marketing, reported by Business Wire, indicate email, digital advertising and search are still HOT; and are the reason why digital ad spend is up.
The bad news for social media advertising and mobile advertising is that they are falling short of the desired results businesses had hoped to see. Continuing to use a blend of advertising appears to be the best way to hedge against uncertainty in the social media and mobile advertising markets. The report indicates a great deal of risk exists in utilizing these forms of digital advertising. However,
it stops short of defining any reason why social media and mobile advertising are failing to deliver the results that other forms of digital ads are delivering.
It may well be the reason they are not performing as well, is due to a general lack of credibility; due to the fact that there really has been no formal regulation regarding claims and endorsements made about products, services and opportunities which are abundant in blogs and social media.
Social media spam may contribute to the lack of delivery for social media ads, as well. We have been dealing globally with email spam for about ten years. Some measures are in place to address this type of spam; not that they have actually eradicated spam from email marketing and advertising though. However, using reputable email marketing companies and utilizing opt in lists, has allowed email marketing to still deliver decent returns with targeted audiences. Blogs, and social media are still frontiers, without any consistent regulation. I wonder if the spam and abundance of non-regulated marketing could be a significant factor in the results found in the survey?