Advertising on the web is declining.
I've had previous experience in advertising. Specifically, social advertising. That startup never got far off the ground. I plan on giving it another shot.
What's plaguing advertising? Ignoring advertisements, both in the brain (ignoring ads is second nature to many) and in software (adblock). Untargeted ads. Ads that are annoying, flashy, and loud.
But most of all, it's just that consumers aren't very compelled by advertising anymore.
What kind of fresh ideas does advertising need?
Product Specials (Sales) as a marketing tool, and then specials (and, now affiliate links etc) through advertising, helped garner attention. They were 'Giving' me a special deal.
Viral advertising works largely because it 'Gives' as much as it takes. It 'Gives' humour, for example, or a gaming experience, or (if the morons on my mailing list are to be believed) a bottle of Veuve or some free cell minutes.
I can't wait until advertising is fully personal, in a way that AdWords touches upon. When advertisers know my wants and needs, they can Give me the opportunity or motive to buy their product. I win. They win. But most importantly, they focus on me winning first rather than their own needs (clearly within reason), and then benefit in the long term.
When that happens, I won't ignore ads - because I know they want to give me something I personally want.
How you make that happen is the difference between my day job and you featuring on the cover of Wired.