"This is the age of online communities, messengers, blogs and searches. Advertising agencies will have to invest in developing core competencies to play an even role in this landscape," Nirvik Singh, president, South Asia, Grey Worldwide, a global advertising group said. The trick, says the ad whizkid, is to think digital and execute.
The change has been fuelled by the explosion in the growth of the internet since 2006. Predictions by the London-based Zenith Optimedia say ad-spend on the internet will overtake radio, cinema and outdoor advertising in two years. Internet advertising will be valued at more than Rs 22.5 billion by the end of 2010, which works out to an almost tenfold increase.
Watchers say classified advertising on the internet will mop up the maximum revenue with an estimated contribution of Rs 9 billion by 2009 followed by search engines' Rs 7.42 billion. Display ads will rake in another estimated Rs 6.07 billion.
The marketing solutions of the future, says Zubin Driver, network creative head of TV 18's specialized advertising unit "Cell", is one-stop ad shops that provide integrated and value-added service to consumers. "I think the ideas have to be multimedia. It has to have its life on the mobile, web and on the screen," said Driver.
Driver sees a lot of cost rationalization in advertising as the market is inflated and the entry of more organized players like Cell, which offers almost everything -- from creative ad clips, promotional capsules to channel packaging and brand solutions -- under one roof. The emphasis, says Driver, will be more on the effectiveness of advertising a product than "pure creativity".
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