Advertisements have experienced some major milestones, all of them having a great influence on the way Advertising is practised. More changes can be witnessed in the past 20 years in advertising than in the previous 2,000 years. Here are a few of them:
Advertisements have constantly adapted and changed to suit new mediums and an increasingly savvy audience. Over time, various ad formats have emerged. Each format has introduced a different platform and network.
In the pre-internet days, advertising was done via cheesy infomercials on radio, televisions, and billboards. The internet is one medium that has revolutionized advertising unlike any other, not only changing the way ads are broadcast, but the way consumers perceive them.
The internet has brought a shift in the advertising world. Rather than the “sell mentality”, ads today are focused on community building and brand awareness.
The idea of emphasising a solution to consumer’s problems instead of the product is becoming increasingly common, forcing brands to work twice as hard to gain the trust of consumers in the internet world.
Check out this video by Sprint Business. It talks about the problems you face when you decide to move in to a new workspace. There is no forced selling of the product. We are introduced to Smart Business after we are aware of the solution they provide to our problem.
Consumers have moved on from their role as passive onlookers and have become a part of advertising.
There are plenty individuals who click on “skip” automatically when watching online video content. Which is why advertisers today are working on developing videos that will want you to share them with friends and family. More than 700 videos are shared by Twitter users every minute.
Video is also a more accessible format for advertisements. YouTube, the largest video platform, gets over 30 million visitors per day who watch almost 5 billion videos every single day.
Using video advertisements has now become an integral part of advertising. And the ROI on videos is great too!
Videos have undoubtedly created an impact on Advertising. Dylan Mortensen, senior research analyst for BI Intelligence, has compiled a detailed report on U.S. digital media ad revenue.
Video ads are here to stay, and the sooner you jump on this bandwagon, you will notice a bigger impact on your campaigns!