I’m glad to read Ev Williams finally admitting that:
the broken system is ad-driven media on the internet. It simply doesn’t serve people. In fact, it’s not designed to.
He’s a smart person, I’m sure the next iteration of Medium will be interesting, no matter what the outcome will be.
Source: Renewing Medium’s focus
Reading 20 Reasons to Switch to Google+ [INFOGRAPHIC]. I almost choked on my coffee when I reached reason #15: better ads! It says:
Google+ will be launching ads soon. Given Google’s experience with Adwords & statistics, expect them to be better targeted.
Wow! Do people out there use social networks to watch ads? Seriously, folks. It’s one thing when you’re searching for something, having a relevant ad served in your face can be a good thing. That’s what makes Google rich. But when I’m reading an article on the NYTimes or chatting with my friends, advertising is just background noise that I learned to filter, both unconsciously and consciously with AdBlock. That’s why I never believed that Facebook can make lots of money selling ads inside Facebook (it has a shot selling targeted ads outside of its wall, through OpenGraph and the like) and that’s why Twitter is having such hard time finding a revenue stream (because serving ads that are relevant to people that are looking for what’s new and relevant for them is very hard).
Yesterday I went to listen to the conference where MIP, Politecnico Business School, published the results of the research about Mobile Marketing and Services. The research was based on 200 case studies, involving all the major actors of the supply chain (advertising investors, media buyers, creative agencies, telecom operators’ and service providers) and also a survey focused on marketing directors of medium and big enterprises.
The good things are that mobile is being more pervasive and it’s starting to extend beyond the cell phone to netbooks and gaming consoles. And that over 70% of the Italian mobile users are of age between 25 and 55, so in their full spending power.’ The youngest group, 18 to 25, is just 11%; this seems to contradict the myth that mobile ads are only good to target youngers.’ I’ve also learned that location-based advertising is being held back because of privacy issues. In Italy the fact that Mario Rossi is *now* in Via Carlo Farini, Milano cannot be passed from the mobile operator to the advertiser.’ It seems that this is a grey legal area that lawyers are trying to sort out.
Strangely, Google was not present.’ I didn’t hear the word Google or Adwords connected to the mobile world. But according to the slides presented by Niumidia, 30% of the users that access TIM/Virgilio WAP portals do it to use the search.’ It seemed as if mobile web is a different thing from the desktop web. Are we so far away from having full web experience on mobile handsets that it’s too early to say goodbye to those depressing WAP portals?
I was surprised that for Dada (Vodafone) and Niumidia (TIM), mobile advertising is SMS, MMS/VMS and banners on WAP portals. They still have made no plans for mobile email. I found it strange because ‘smart phones’ are being sold in huge numbers (40M last quarter,’ 27% increase since Q2) and when users get a new powerful phone they want to get their email on it.’ Am I missing something?