Like any industry, advertising is not bereft of jargon. Sit in for a few minutes at any trade conference and you will be sure to hear everyone talking about "engagement", "curation", "serendipity", and the latest one "native advertising". One word that seems to be thrown around more than ever is "premium". Almost every publisher, tech/data vendor, and ad network has chosen to define their audience & solutions as premium. Yet, what does this mean? What makes their offering of higher quality/value?
The reality is that our industry has committed many misleading practices in the past. In order to change advertiser's perception - we tell them "trust me, it's not what it used to be". Most Display Lumascape vendors define themselves as "trust me" technology companies offering "trust me" solutions across "trust me" publishers".
Premium seems to be used to describe what something is NOT more so than what is is. Often times, content gets labeled premium as it is NOT porn or gambling. Others are calling their inventory premium because their ads are NOT below the fold. Leads are premium since they are NOT generated by robot click farms.
Is that enough? It seems more appropriate to describe an offering as what it IS.
At Ideas People Media - we refrain from using the "P" word.
We describe our publishers as: high quality news publications focusing on slow-media; the majority of them are award-winning print legacy publications. We describe our audience as: curious, opinionated and influential readers; thought leaders.
Our offering is truly transparent : we provide the list of publishers that we have a contractual relationship with and are effectively working with.
If everyone in the industry keeps repeating "premium", then the word will lose its meaning, and marketers will lose their trust. Don't you remember Kaa, the snake in the Jungle Book who sang the song "Trust In Me"? Maybe that's where the term "native advertising" came from.