Hoping to reach a large swatch of eyeballs really doesn't apply to web advertising anymore. It's the attention that really matters. Attention to subject matter and paying special attention to the sites you target your messages on are make or break factors.
I knew of 5 really good sites I wanted to target for a client. I thought I would avoid the risk since the volume reported wasn't that impressive, the brokering would be cumbersome and the pricing seemed too high. It sounded like a safer investment to target 1,000 vs 5. I mean, what if the 5 crash and burn? If I target 1,000 sites, I'm bound to get 100 good ones right?
So I went the easy route and put my faith in Adbrite. Bad move.
Using a service like Adbrite makes it easier for advertisers and publishers to transact. Works in theory, but the problem with Adbrite, and sites like Adbrite is that the whole experience sacrifices quality for efficiency. Advertisers don't have to put much thought into the sites in which they target since the major focus is the impression rate. Publishers could care less about what sorts of advertisers take up space on their pages, so long as they gain the highest CPMs. Its all transactional, and not very effective - for me or for my client. Damn.