eBay
Nicola Clark, Marketing, Wednesday, 26 March 2008, 8:45am,
eBay
Elizabeth Kesses, UK marketing director at Twentieth Century Fox, is one of many senior marketers spearheading the use of the medium. 'Our digital spend has increased. It now accounts for a larger proportion of budget, though this depends on the campaign's target audience,' she says.
Nonetheless, other brands still allocate only a small fraction of media spend to digital. Procter & Gamble, which ramped up its digital spend by 162.89% year on year, still dedicated just 1.14% of its overall media budget to the medium.
Scott Gallacher, Sky's director of online and partner marketing, believes online advertising has reached a tipping point, and the promise of the dotcom boom is finally being realised. 'Online has become key to many businesses; now, you could not imagine using a bank without an online capability and the line between marketing and providing service online has blurred,' he adds.
Despite the rising spend dedicated to online marketing creative, the medium has often been thought of as traditional advertising's poor relation. However, in 2007 a number of brands branched out into more nascent forms of online marketing such as virals and online gaming, while many others moved to invest in their own sites and online applications to get more out of their presence on the web.
Chris Delahunty, digital and new media manager at Virgin Money, believes that although there is creativity in digital, and the investment to support it, 95% of online advertising is still of quite poor quality. 'Many brands - especially those in the financial-services sector - have simply thrown money at digital in the past, but now people are starting to realise the need to innovate,' he says.
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How data is compiled
Nielsen Media Research already provides advertising expenditure estimates across multiple platforms in more than 40 markets worldwide. In the UK, above-the-line media spend is linked to agency information.
All figures are estimated costs of buying media space, based on factors including rate card, industry discount factors and impression figures.
Data includes online display only, and does not include any online search, sponsored links or affiliate marketing.
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This article was first published on Marketing


