this post was submitted on 07 Jul 2023
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-22
Lemmy advertising model - thoughts (lemmy.world)
submitted 1 year ago by [email protected] to c/[email protected]
46 comments fedilink hide all child comments
 

We should think about the advertising model before its too late and it gets shoved onto us. I think each community should get its own advertiser and they get a stick post on each post which is limited to 300 chars and one url.

Its simple, non intrusive and we can make it a bidding. 80 % of the proceeds should go to the maintenance of the instance, 20 % should go to the moderators of the instance.

Would warner brothers want this for 100 $ on movies ? I think so ..

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[–] [email protected] 3 points 1 year ago (1 children)

I think they probably do study the effectiveness to a degree, but there's no structure or incentive for peer review in marketing research. So their methods are likely tuned to find whatever they think will convince their clients to spend more on advertising.

If they find a simple $1000 newspaper ad is just as effective as a a $100K television ad, they can just say "Our research has found that $100K TV ads are effective."

[–] [email protected] 2 points 1 year ago (1 children)

But businesses don’t have an infinite supply of money, now do they? Making smart business decisions means spending as little as possible and getting as much as possible in return. It’s in the best interests of the business owner to spend money on efficient advertising instead of wasteful advertising.

[–] [email protected] 2 points 1 year ago (1 children)

Absolutely. But most businesses don't have the wherewithal to hire impartial analysts and statisticians to evaluate the effectiveness of their ad buys. They have to rely on a combination of intuition, customer feedback, but mostly on outside advertising professionals, and those professionals have every incentive to maintain the impression that spending more on advertising it the best decision.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

You are absolutely right. There’s clearly a conflict of interest. I also have a feeling that companies buying advertising services don’t really know what they’re buying, what they’re supposed to get, what they could be getting in the best case scenario etc.