I can still remember my first cell phone, green screen and all. The past 10 years have brought about huge changes in the cell phone world. Now with smart phones, you are able to search the web, download apps, send emails, etc. These changes to mobile phones have also brought big changes to advertising.
Where do you spend your ad dollars? With online usage jumping through the roof the past couple years, advertisers now have to consider this as a means of advertising. After reading an article by Richard Ting on theAtlantic.com I thought about these changes to the advertising world, and was able to put some numbers to it. People are now spending about 10% of their media time on their smartphones, but only 1% of ad-dollars is being spent on mobile ads. To compare this to what is spent on print, people spend 7% of their media time with print, but 25% of ad-dollars are being spent here. Just looking at these numbers, we can see a problem. As we know, print has been on its way out, not only because of the mobile web, but because of the web in general. But these numbers would make you think it hasn't gone anywhere.
More than 2/3 of the time spent on a mobile phone is now used for something other than talking. Mobile is making moves to surpass TV as their main source of entertainment (not to mention that you can now watch some forms of TV on your smartphone). This is the way entertainment is headed and advertising has to move with it.
Spending on the mobile web has gotten much easier. As stated earlier, it isn't just ads on mobile sites anymore, its in between a round of Words with Friends, in between songs on Pandora, and of course there's Facebook. Not to mention, this is still just the early years as far as smart phones and mobile web, we have a long way to go. So, if you haven't already jumped on the bandwagon, now might be a good time to try.
Tagged as a great advertising blog