Holland Cooke said:
With good reason, as you'll see in this morning's trades, which report Borrell Assoc.'s forecast that ad spending on Social Media will double in 2012; while the radio spend has flatlined.
It took me about 7 seconds after my first experience with social media to install an ad blocker. I can't imagine that the younger demo doesn't do that even more intensely than I. I seriously wonder whether (a) any but a very few actually see media ads and (b) whether they pay any attention to them (actually buy the service or product being viewed).
With the advent of the Internet my buying habits have changed 180 degrees. No longer do I pay attention to any media ads. When I am ready to buy something, particularly a big ticket item, I hop on my computer and research it. Once I have made my decision I hop on my computer again and go price shopping.
Ads may still work for things like concerts, where personal preferences rule, but even for relatively inexpensive things like movies and restaurants I tend to research before committing. There are a ton of people out there like me and we don't research on social media.