Commercialisation of the internet

Now we’ll talk about the commercialisation of the Internet we’ve talked about how the openness of the World Wide Web created a lot of excitement and consumer uptake. So wherever consumers go, somehow throughout history advertisers have found a way to follow consumers, and with this opportunity publishers sensed the opportunity to start to monetise audiences, so it was traditional media companies who were already obviously in the media and advertising space that put together some of the first commercial offerings on the web.

Ziff-Davis-Tech-Logo

They saw the opportunity to create online platforms for their readers who tended to be kinda techy, geeky people and this was the perfect storm because those were the people who were actually using the web in the early days.

There was a publication that Davis had called Computer Shopper at the time and it was this big and it was basically classified ads for computer equipment that was for sale and what the company did was quickly move to take advantage of that and start to move that model online, and while that big book of classified ads was a cash cow for the company they saw the future; in fact when I interviewed for a job with them to work on ZD Net, which was the website that Ziff Davis eventually built – it was a massive network – I remember thinking how profound their vision was at the time because they were thinking ahead into the future saying: well suppose some day our readers are able to buy this computer equipment over the Internet.

Today it sounds crazy you know, like, oh yeah, well of course we do these things every day – I buy things on my mobile phone every day – but back then it was, it was profound, it was new and it was visionary and it really wasn’t that long ago; so think about how the web has changed our life from that standpoint. Hotwired was another early website and Hotwired was the web property for a magazine called Wired and Wired really tapped into … how technology was affecting culture. The first banner that ran on the web actually ran on the Hotwired website and that was an ad for AT&T and its headline said: “Have you ever clicked your mouse right here?

topic_att_logo.pngYou will”. And we think about that today

we’re still clicking banner ads but back then that was a brand new concept and that ad got a tremendous click-through rate; where we think today that average click-through rates on banners are less than one percent … I’ve seen conflicting reports on what the actual click-through rate was for that AT&T ad – I’ve heard 78 percent, I’ve heard 44 percent -\ not sure what it really was but needless to say it was significantly higher than what we’re seeing today.

Netscape_logo.svg

The next players to enter the market were portals and Netscape was an early portal and another was called Pathfinder and Pathfinder was the product of Time Warner. So this was an aggregator site that put together all of the magazine sites – it was a portal of magazine sites for the Time Warner brand and in fact they closed Pathfinder down in 1999 because what they found was that rather than going to Pathfinder consumers were going directly to the home pages of the individual magazine websites and at the time when they closed Pathfinder down the

New-York-Times-Logo.png

New York Times said, you know, this was a monumental move for Time Warner because this showed that we’re moving from an industry in its infancy to a more mature publishing model and you look at that today and I, I have to snicker at that because here we are many years later, over a decade later, and we still haven’t arrived at a mature publishing model on the web

and we can see traditional publishers still grappling with how to commercialise and effectively monetise the web with things like paywalls and freemium memberships search was one of the early applications on the Web and it became quickly commercialised some of the first players here were Yahoo, Alta Vista, Excite, Infoseek some of these don’t exist anymore and do you notice a brand name in this area that I didn’t mention?

That’s right; this was a decade before Google was even born and today Google is a household word you can see the opportunities for commercialisation around search because if the web provides open access to all of this information and documents there needs to be some system that organises all of that, and that’s what search did and it became really one of the killer applications up the web and it continues to hold that position today. Just like any other media that’s ever come into being the web provided an audience which advertisers wanted to connect with and in that way it became commercial as the web grew and continued its march in terms of number of people global that were using it as a channel, that created quite a complex and expanded ecosystem of players.

SOURCE – GOOGLE

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Evolution of the web

 Let’s talk about the evolution of the web. How did we get here? The web is ubiquitous
to consumers today and in fact it has had one of the highest rates of adoption of any medium in history today Facebook has over a billion fans one in every three people on the planet has a mobile phone, and globally we’re spending a trillion dollars annually on e-commerce how did all of this happen? one is that we’re just becoming more and more comfortable working with technology in our daily lives and the other reason is because
as technology advances it become simpler and simpler for us to use. And what the web did was simplify something that was very complicated into a single standard protocol well, it started back in 1989 with Tim Berners-Lee. He was a physicist and he wrote the first protocols for what became the World Wide Web. What happened on
April 30th 1993 was that this protocol, and this system that had previously been used in the academic and military worlds, became free and available for everyone. That really changed everything this open universal access to information caused it to just grow explosively and other cataloguing systems that had I’m previously been available
on the Internet, like Gopher, they quickly faded off into history and the World Wide Web was on its way for the 20th anniversary of the World Wide Web
what the people from CERN, which was the institute that actually helped build the web, they put out again for everyone to see the actual first page that ever ran on the web
back in 1993, and if we look at that page today it looks very different from what we’re used to seeing on the web right now. It’s very text heavy. And what this first page did was really act as a tool for those developers and people who wanted to use the Web, it
acted as a tool to tell them how to start building their web pages
how did we use to get onto the web? Does anyone remember the days
of dial-up? Do you remember this sound? [dial-up audio] well I’m old enough to remember that sound and hopefully some of you are as well. I remember the days when
we had to unplug the telephones in the house if somebody wanted to get online and being online meant going to the old desktop computer that was stuck in the dark back bedroom and life went on hold for those few minutes and I probably had a quick
little list because I wanted to get online and get back off as soon as possible so that  normal life could resume in the house. Today that’s very different
we’re all used to broadband being everywhere all the time on, like the electricity
of old technology. Mobile phones and tablets, they’ve become part of our
lives and in fact, mobile is becoming our primary access to the Internet. No longer
will it be through desktops or laptops. In fact in 2008, Mary Meeker who was an analyst at Kleiner Perkins Caufield Byers, which is a V C company, she predicted that by 2014 are the world’s primary internet access would be through our mobile that was back in 2008 and today we can see that that’s proved to be a  highly accurate prediction on Mary Meeker’s  part the language if the web is HTML and that stands for Hyper Text Markup Language and it’s simply code that when read through a web browser looks like words that we as human beings can read some of the first web browsers were Mosaic and Netscape.

Image source – google

Information Source – open2study

Online Advertising

What’s it about?

Discoverer the evolution of online advertising from the starter of the Web, and how it has developed into a major sector of the billion dollar advertising company. We’ll cover the key roles, as well as the sources of different creative formats and implementation and how those ads are delivered and tracked.

Find out about the major digital platforms, including search, social, and mobile, in terms of each marketplace, the key players, and marketing opportunities.

We’ll also build an understanding the digital campaign planning process along with the process of implementing, tracking, and reporting on the success of online advertising campaigns.

Source- google