When Marketing Meets Cutting Edge Technology

April 19, 2007

In school one lesson was hammered into my mind to no end: correlation does not equal causation. Now, let us apply that to advertising.

For decades, advertisers could only correlate spikes in sales with ad campaigns in traditional media outlets, i.e., a major record label places ads for a new music release in magazines across the country and they cross their fingers hoping for a response; when they get one they could only (vaguely) correlate the campaign with the sales. Now with the growing sophistication of online marketing technology we are one (giant) step closer to the causation equation: for instance, not only does Yahoo know which ad on which site lured you in to buy the new Modest Mouse album, but by the end of the week you may start seeing ads for booking that hotel room in Xiamen, China, that you’ve been putting off (like Gord Hotchkiss recently did). Utilizing these capabilities, along with ‘stacking’ ad campaigns through multiple media channels, grants a greater chance of conversion and allows you to measure what worked and why.

It seems the internet has the potential to become a marketer’s dream-come-true: measurable results at your fingertips. Yes, take a moment to reflect on the possibilities… now wipe that bit of drool from the side of your mouth (and also remember the debate about the ethics of being so sneaky).

Finally, visit iMedia Connection for wealth of advice of how to implement these strategies (no, I wasn’t paid to write that).

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