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Online Advertising Breaks a Record

Online Advertising Breaks the BILLION Dollar Record…In 6 Months

Online Advertising money

No, that’s not a typo in the title! Online advertising has officially breached the billion dollar boundary with no signs of slowing down any time soon. The IAB Internet Revenue Advertising Report for 2010 shows that in the United States, businesses and individuals spent around $12.1 billion dollars in online advertising during the first 6 months of 2010. These numbers are a true testament that print advertising is on its way out and it doesn’t look like too many people are concerned. Recent reports from established print media empires (such TIME Magazine, Wall Street Journal, etc.) explain a shift from print media to online media within the next few years. Soon, your favorite magazines, journals and periodicals will no longer be available at your local bookstore. Instead, you will find a new, online empire prepared to embrace the introduction of such change. And you can bet on the fact that with everything being available online, more and more businesses will be knocking down the doors with online advertising dollars in hand. But why is there so much money being spent on online advertising, and where does it all go ?

 

Search advertising continued to monopolize the greater share of online ad dollars, having attracted more than $5.7 billion in spending between January and June this year — a year-over-year increase of 11.6%. Display advertising, which includes banner ads, digital video, rich media and sponsorships, garnered more than $4.4 billion in the first half of 2010, a 16% increase over the same period in 2009. Digital video recorded the greatest growth of all. More was spent in video advertising from January to June than in any other half-year period before, an increase of 31% from the first half of 2009. – Mashable.com

 

With the evolution of easy to use, online advertising and marketing tools such as Google’s Adwords and Facebook’s ad campaigns, anyone from the normal everyday internet user to multimillion dollar businesses can launch their own advertising campaigns. With fully customizable options, segmentation and other vital target market information available to users, the ability to reach millions of people with targeted ads is open to anyone. With enticing options like the ability to set your own budget, online advertising gives you complete control over every aspect of your campaigns.

 

Businesses and individuals spent approximately $12.1 billion on online advertising in the first six months of 2010, up 11.3% from the from the first half of 2009 and 13.9% from the second quarter of 2009. In fact, this was both the highest first-half and second-quarter revenue ever recorded. – Mashable.com

 

Online Advertising ChartAs 2010 approaches the final stretch of the year we can only imagine where new technologies and developments will take us. But one thing is for sure…online advertising is on the rise and it can only get bigger from here. Are you advertising your business online ?

Let us know what you think about the multi-billion dollar industry of online advertising by leaving your thoughts and comments below. Thanks!

A.M. Professional Writing Services

 

 

 

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