New media isn't the perfect marketing medium, and it won't be until we find the magic beans.
TV had magic beans for forty years. For forty years, anyone, even a complete moron, could make a lot of money using TV ads. Buy enough ads, don't screw up, you're rich.
The hard part was buying enough ads, but once you did that, victory could be declared.
On the web, there are countless marketers just standing around waiting for someone to hand them the magic beans. And that's the problem.
Marketing online takes too much measurement, patience, creativity, technical knowledge, flexibility, speed and authenticity. It requires too much thinking and not enough going out for dinner with clients.
Perhaps there will never be magic beans again. Perhaps marketing is about to transition to a new kind of profession, one that requires insight, dedication and smarts.
Or maybe someone will find some magic beans.