The Avalanche is Coming
The Avalanche is coming, The Avalanche is coming. 
I fondly remember a conversation that I had with a Sr. VP of Sales at a leading newspaper roughly five years ago (where I was employed as an online specialist). It went something like this:
What do you think will happen moving forward with the newspaper, the magazine and the sites?
You see the publisher of the paper was trying to figure out how to rescue print and magazine advertising dollars while online advertising was taking off. For decades clients were spending hundreds of thousands of dollars in those mediums and now they just weren’t getting the ROI that they wanted.
My response was “watch out because the Avalanche is coming”. What I was referring to was that with online audiences growing steadily and newspaper and magazine ad revenue (and readership) dropping like a stone, it was pretty clear that any stagnant media source would be wiped out. It wouldn’t happen overnight but it would definitely happen, magazine by magazine, paper by paper, city by city.
“Readers” weren’t readers anymore, they’re now people. They didn’t like yesterday’s news or to be told what was happening. They no longer bought the media, they controlled it, they made it. They had voices and they reached out to places where they could be heard. Traditional media used to think we were nuts when we talked about places like YouTube or we blogged. Now, it’s called User Generated Content and these dark dungeons are now billion dollar companies.
With the mainstream’s immersion in the internet, we’ve taken media to an absolutely new level. That new shift has been incredibly fun for my peeps, my fellow webheads. On the other side of the fence, it’s been pretty scary for traditional media advertisers. They can’t find you anymore, they’re having difficulty learning how to speak WITH you instead of speaking AT you. Can’t you just congregate at the local newspaper like you used to? It was so much easier when one phone call would buy media for millions of people in a specific demographic.
To make things worse, the economy has gone to “the challenge area” and now Marketing Managers and agency folk are pressed to sell more products with each marketing dollar spent. That’s right, selling products is important again. Pass the Rogaine, people are losing their hair out there. The avalanche is here and the snowboarders are winning! It’s ok, we’ll help them out, right?
You never know, maybe they’re reading your blog right now, clicking on an ad and helping you make a few affiliate bucks.













4 Comments, Comment or Ping
Jen
It’s scary for traditional advertisers too. We’re used to metrics and circulation numbers and demographics. Now measurement is that much harder–making investing ad spend that much riskier. We know how many people clicked on the site but we don’t know if we’re reaching the right people. There is little to no accountability for us on the internet. The best thing would be to have some kind of media auditing program (see http://www.buysafemedia.com) to help make the “avalanche” a little less heavy.
Aug 6th, 2008
Scott Parent
Jen,
Thanks for chiming in. It’s great to get some perspective from the other side of the coin. The beauty of performance marketing is that there is accountability of dollars spent. Because audiences are fragmenting it’s hard to tell where to place your ad dollars in newspapers, magazines and TV. Whether it reaches the people you want it to or not, you still pay.
In performance marketing you know if you’re reaching the right people or not based on the direct call-to-action conversions you see.
Looking forward to continuing the conversation.
-Scott
Aug 6th, 2008
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