I found an interesting article regarding the perrinial online advertising favorite – Banner ads. This standard ad has been a go-to solution for online advertisers and what many people new to online advertising associate with paid search advertising. But the banner ad is suffering as of late – with click through rates at 0.09% in 2010 – a fall from an already low 0.15% in 2008. Consumers are also scorning the ads with 43% of individuals polled answering they disregard or entirely ignore internet banner ads more than any other form of advertising:
But with advertising spend on standard banner ads set to increase (bumping 11.4% in 2011 to $6.56 billion) how can advertisers improve banner ads and make the most of their online efforts?
Give Consumers What They Want
While only 21% of those polled said they would interact with a banner ad that was marketed “to them”, 77% were motivated by banner ads that included coupons, discounts and other incentives. Almost half (46%) of those polled were drawn to banner ads that provided more information on a product or could solve their problem(s). This study also noted that entertaining ads (banners with flash, animation, games, etc) were much less important to users that the special offers or problem solving ads mentioned above:
Although CTR for banner ads continues to drop, 79.6% of online conversions through banner ads were not results of clicks, but of users viewing a banner without clicking.