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There's a few other points that are hurting advertising.
I) There is no consistent ad rate system across all of our sites. One site may charge $100/month for a banner while another site may trade them for review samples. Now if you were a vendor which would you pick?
2) There is no accurate consistent "hits" reporting system, or no easy one that advertisers can understand.
3) The advertisers are not professional web-marketers. Mostly they are one person basement operations run by technophobes who's sites are not designed to take advantage of proper banner linking. (how many of these vendor sites you see using frames? frames are the _worst_ thing you can have for an e-commerce site). These vendors don't know how to design proper banners that modellers would actually want to click on. Banner advertsing can work and it is well worth the money. They banners need to be designed by a professional as does the target site.
Paul.
Yup...agreed.