BtoB’s 2006 Interactive Marketing Guide just came to my office today. (Yes, Virginia, people do still read print magazines.) Of course the Online Publishers section caught my eye and I immediately checked the chart of online publishers on page 33 to see how Penton was represented. Only two Penton titles made the chart, Windows IT Pro and IndustryWeek, but the traffic shown for these two sites wasn’t even in the ballpark.
BtoB reported Windows IT Pro as having 166,000 unique visitors in March 2006, but Windows actually had nearly 2.8 million unique visitors in March according to WebSideStory’s HBX, our industry-recognized, third-party, independent and audited metrics system. BtoB also reported IndustryWeek as having only 34,000 unique visitors in March while HBX reported over 104,000 unique visitors. I also noticed that the numbers for EETimes and CNET seemed really off as well. Only 404,000 unique visitors to CNET in March? No way.
So what’s going on here? The answer is in the fine print at the bottom of the chart: “Audience measurement from comScore Media Metrix, March 2006. (Some) audience measurement figures self-reported.” Ah … it’s all becoming clear now. From what I understand, BtoB used comScore’s Media Metrix 2.0 as the source for many of the traffic numbers in its chart. For other sites, it used the publisher’s own reported numbers.
I find it odd that BtoB would mix two different methodologies in the same chart. That’s usually not a good way to draw accurate comparisons. Even then, why didn’t BtoB confirm these numbers with the publishers? I realize that there are a lot of companies to call, but this is a pretty important chart and is only published once per year.
An even bigger issue is the fundamental limitations of Media Metrix — and other — audience and advertising measurement systems. Media Metrix 2.0 uses a panel of around 100,000 U.S. Internet users. Through this panel, comScore attempts to get a large enough sample to statistically project a site’s overall traffic. They claim to be able to report traffic numbers for over 8000 web sites. For large consumer sites, portals, search engines, and even some of the very largest B2B tech sites (multi-million visitors per month), they can provide relatively good data. But for the vast majority of B2B and niche specialty sites, they simply don’t report traffic or advertising market share reliably … assuming you even show up in the samples.
Here are the problems with relying only on these kinds of systems to measure a site’s overall traffic:
comScore has an expanded version called Media Metrix XPC that has over 2 million global Internet users. It is possible that XPC could have reported traffic numbers more in line with reality, but many of the same issues I’ve outlined here still apply and cause the data for many B2B and nich consumer sites to be questionable. BTW, this isn’t just a comScore issue. Similar problems exist with Nielsen//NetRatings AdRelevance and @Plan … both services that I have personally used before here at Penton.
As an instrument-rated pilot, I have been trained not to trust any single instrument. Rather, it has been drilled into my brain to cross-check every instrument against another instrument to make sure the two are in agreement. You can bet that cruising along at 10,000 feet while not being able to see my own propeller in front of me that I’m constantly cross-checking my instruments. If they agree, all’s fine. But if they don’t, I need to quickly figure out which instrument is not giving me accurate information so I can react accordingly.
Online audience and advertising measurement systems are simply one tool for publishers to measure themselves versus their competition and for marketers to determine where to spend their limited ad budgets. But they should not be the only tool that is used. I applaud companies like comScore and Nielsen//NetRatings for coming up with systems to address the very difficult process of measuring audience and advertising across multiple sites. They will continue to improve over time. But even as sophisticated as these systems are, they can be inaccurate and we need to take them with a grain of salt.Â
Publishers: Make sure you know HOW your company and sites appear in these systems. As marketers get more sophisticated, they will begin to rely upon them to make purchasing decisions and will shape their perception of your site.
Marketers:Â Don’t rely on these systems too much when making buying decisions. They can be good tools in the right situations and for the right kind of sites, but realize their strengths, weaknesses, and limitations. Always ask for an audited traffic report from any publisher you plan to do business with.
Measurement Companies:Â Keep on refining your systems. You’ve made great in-roads, but we’ve still got a long way to go. Make sure you educate clients and prospective customers on the strengths, weaknesses, and limitations of your systems.
And for all of us, make sure to constantly cross-check those instruments!
Brilliant post Eric. We need publications like BtoB to accurately report statistics, as these figures get reported over and over again once they appear in print. Also, your recommendations/advise to publishers/marketers/measurement companies, is very sound.
Dead on target Eric. I’ve been frustrated for years by “mainstream” (aka consumer media) thinking their data equals the whole media industry. An IAB researcher told me once they lumped in “personal finance” with b2b ad spend online and figured both were tiny in their annual online spend projections, because he couldn’t see much b2b on any of his reports. And, while I admire comScore for b2c metrics, their oft-quoted $2 billion for paid content online doesn’t include any b2b, and so to my mind is probably way the heck off. But they don’t call their report “B2C paid content”… they call it “Paid Content” period. I’m a little tired of b2b being the invisible media that doesn’t get properly counted.
I’ve asked the research team here at Sherpa to begin gathering data for one niche — b2b software/services. So at least we’ll have some reality-based data shortly. Expect a contact from our research team!
Thanks, Anne. I remember being quite frustrated with @Plan and AdRelevance when we were subscribers to them. They’re great tools, but just not tuned for the B2B world. I think that consumer and high-tech markets lead the industry — and that’s where often the big marketing budgets are — so that’s what these tools are optimized for. But it leave open a lot of opportunity on the B2B side for providers of metrics. BTW, keep up the fantastic work at Marketing Sherpa!