Does Paul Graham Get What He Asks For? [infographic]
giftrocket.com
giftrocket.com
There's still so much room for innovation in the advertising space. Advertiser's think that click through rate is the key metric for them, this is far from true. Click through rate just means the advertisement itself is compelling enough to garner a click. What about after the user clicks? Why are advertisers paying on a CPM basis when they are looking at CTR as the key metric? CTR means advertisers want people to visit a subsequent page and perform additional actions. Companies have tried to assign cost to these additional actions but have mostly been unsuccessful because it is extremely difficult to track. Google Adwords is better for this but people are moving away from standard search (in the long term at least) and it is still far from perfect. Also, there's enormous display inventory out there that needs to be disrupted.
I could go on for a while about advertising and I have some initial ideas for improvements of the online advertising model. I'm excited to talk to like-minded people at the YC ad innovation conference.
Groupon and Living Social are lead generation services. They don't do advertising, but they are certainly marketing. The fact that there's even a term that's been coined for what they produce (bacn) says to me that they have indeed had an impact on the marketing/advertising space.
Have they fixed advertising? I'd say no, but i think there are several arguments over definitions/semantics and questions about what constitutes "fixing" involved in assessing that claim.
Personally, I think the best prospect for something awesome to happen in the news sector is that a profitable aggregator similar to HuffPo (but probably not them for a lot of reason), Techmeme or Google News, really makes a run at becoming a media organization. This would require investing in setting up real live bureaus and paying for boots on the ground journalism, but at the rate the current guardians of media move (AP just added links into their stores), it might have some traction.
http://blog.paulbiggar.com/archive/why-we-shut-newstilt-down...
Agreed. I think what is needed is a combination of:
1) Google news (filters duplication)
2) Reddit style voting & subreddits to customize
3) RSS mechanism to access it, with ability to filter keywords
No idea how to earn cash with that though.
See Link - http://ycombinator.com/rfs.html
Nevertheless, I still feel there exists a sweet spot that nobody has managed to reach yet. But I don't know how I'd go about finding out if people would really pay for a good excel-db hybrid web-app or not, considering so many alternatives exist, many of them nearly free.
iFreeTools Creator : http://creator.ifreetools.com
I guess I'll just leave it up to them to make sense of a universal feedback/recommendation engine that's a mashup of Pandora + Delicious + 20 Questions (aka Pandora for Everything).