by Martin MacGregor (@MartMacG) Media investment is the largest line item in a marketing budget. Finance and procurement know this, and are putting marketing under increasing pressure to justify investment on audience reach, without demonstrating tangible impact on the business bottom line.
by Herman Manson (@marklives) The online media planning space is moving at a hectic pace – where else can you can lose two big spending clients close together and still plan for 100% growth over the next two years? Lighthouse Digital, the media agency launched only three years ago, has grown from 4 to 26 people, and has been doubling its revenue every year since then.
Aaron Van Schaik, Managing Director at Lighthouse Digital, estimates the value of SA’s digital advertising spend at around R1.2 billion – Aaron Van Schaikbetween 40-50% of that is spent on search. Google doesn’t release its figures for the South African market making it difficult to be sure of exact actual spend. But growth has been rapid with spend jumping from 1-2% of media budgets a year ago to between 10-15% today*.
Van Schaik attributes this growth to marketers realising the value digital media represents as well as directives form international parent companies asking local operations to shift budgets online.