25 May 2003
According to a recent survey from WebTrends and iProspect, 41% of US marketers are currently running paid search engine marketing (SEM) efforts.
And, 41% of those marketers who are implementing SEM strategies are measuring such efforts based on click-through and general site traffic. Only 11% are using a detailed ROI analysis of their SEM efforts, which includes lifetime value as well as revenue by phrase.
WebTrends and iProspect surveyed over 800 marketers who participated in a web conference presented by the two firms. Attendees were surveyed, and the results indicated that of those people who are running SEM campaigns, 23% tell WebTrends and iProspect that it is a significant part of their overall marketing mix. The survey also determined that 23% of marketers are not using SEM at all, but 35% are evaluating the option, pointing to a strong future for the format.
Another set of numbers which point to a strong future for the ad medium are the latest findings from the Interactive Advertising Bureau and PricewaterhouseCoopers. The organizations report that spending on search advertising has jumped from $108.5 million in the US in 2000 to $927.4 million by the end of last year.
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By gathering the latest research and news from over 1,000 sources, eMarketer has established itself as the world’s leading provider of internet and e-business statistics. eMarketer’s Web site is at www.emarketer.com