The Importance Of Online Advertising

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Advertising has been round for centuries; starting with print ads, then evolving into radio and TV adverts. Each form of advertisement requires several different strategies in order to make the advertisement effective and appealing to the consumer. With the ever popular rising of the usage of the internet, online advertisements have also become more popular. According to Dr. David Evans, who received his Ph.D. in Economics, e-commerce, or sales processed online, were equal to 34 billion dollars as of 2008. (Evans, 2) This amount has only grown and will continue to grow as the usage of the internet becomes more and more popular. The heart around this monumental sum of revenue is online advertising. Advertising agencies optimize their online …show more content…

According to a study by Dr. Kirthi Kalyanam, who obtained his doctorate in Business Administration, “88% of consumers are researching items online and then buying in a physical store.” (Kalyanam) This signifies that a big measure of consumers use the data that they have obtained online, largely triggered by advertisements, when they undergo the decision making process when buying a product/service in a store. Since the consumer has already explored the product online, the decision making process is cut down significantly and the consumer almost always buys the merchandise that they have already searched. This research that they conduct is mostly sparked by an online advertisement which the consumer sees about the product. The advertisement usually doubles as a hyperlink to the product’s website, making it simple and easy for consumers to find more about the …show more content…

Schlosser, Sharon Shavitt, and Alaina Kanfer, who are experts in the areas of Marketing and eCommerce, Advertising, and Information Technology respectively, found that 63% of those surveyed either disliked or felt neutral about online advertising. (Schlosser) This explains that a large majority of internet users generally dislike online advertisements. There are several valid reasons behind this. One of these reasons is that users view the ads as annoying or intrusive to their internet use. They believe that the advertisements are distracting from the overall content of the webpage. According to a study conducted by Scot McCoy, who is an expert in the field of Management Information Systems, internet users are much less likely to re-visit a website which has advertisements as opposed to a similar site which does not include advertisements. (McCoy) In other words, if a user is able to find a similar site which does not include advertisements, they are much more likely to use and view that site as opposed to one which includes advertisements. However, a downfall of these studies is the fact of how out of date they

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