Skip to main content

Posts

How Ad Industry Destroys Brand Value

The advertising industry prides itself on being brand builders. Building successful brands is supposed to be the essence of what we do. But in recent years the ad industry has been guilty of cheapening some of the most important brands it controls -- its own. I am going to be picking on WPP because it is the biggest offender. But to some degree the same can probably be said about each of the major holding companies. WPP is the owner of some of the most famous and worthy brands in the history of the ad business: JWT, Ogilvy, Y&R and Grey. It has been systematically dismantling the value in these brands. Today they are splinters of what they were. The holding companies have undermined their agencies from the top down and from the bottom up. What a holding company usually does is buy successful brands and manage them at arms length to, presumably, add value to shareholders. Examples of successful holding companies are Berkshire Hathaway and Procter & Gamble. Nobody buys a Berkshir...

Tied To The Tracks

In my newsletter Sunday, I republished a blog piece I wrote last week called "The Good In Online Advertising." It was not (in my opinion) particularly provocative or much different from stuff I have been writing about for years. The thrust of the piece was pretty easy to understand -- online tracking is mostly bad and dangerous and we'd all be a lot better off without it. My main point was that the issue of personal privacy in a democracy is a far more important matter than the (real or imagined) benefits of online tracking to advertisers. Prof. Scott Galloway (@profgalloway) who has a huge Twitter following, picked up on a few points from the newsletter and tweeted them out. Suddenly a shitstorm of Twitter (twitstorm?) broke out. If you have any interest in this matter I suggest you go back and read some of the threads. Here were the parts that were of most interest to me. Almost without exception, those who disagreed with the post missed the point. Arguments were put f...

The Good In Online Advertising

For over 10 years I've been writing about how shitty, worthless, and dangerous I think most online advertising is. Today I want to talk about the good in online advertising. The best part of online advertising is that it funds an amazing array of free stuff (let's try to avoid the "it's not really free because you are the product" cliché for a few minutes.) Sadly, online advertising has been so debased by creeps and crooks, and oversold by hustlers and liars that it is sometimes difficult for us to appreciate the good in it. If we could eliminate the creeps, crooks and hustlers, and allow the web to provide what it is capable of providing...well, that's what this post is about. A look at the numbers illustrates clearly how much we value what we get online. The average person in America now spends almost four hours a day online. This is not inconsiderable. And we wouldn't be here if we weren't getting some substantial value from it. The key piece is t...

The First Principle Of Advertising

When you come to bat in a baseball game the first principle is to hit the ball. What happens after you hit the ball is out of your control. Where the ball happens to land and what the defense does is secondary. First you have to hit the ball. If you can't hit the ball the rest is irrelevant. It doesn't matter how strong you are, or how fast you run, or how beautiful your swing is. If you can't hit the ball, you are useless. In advertising there is also a first principle. The first principle of advertising is to attract someone's attention. If your ad doesn't attract someone's attention, everything else is moot. It doesn't matter how lovely it is, how wonderfully it is written, how strategically brilliant it is, or how precisely it is targeted. If nobody notices it, it is a complete waste and utterly worthless. Sadly, most advertising is invisible. Most advertising is ignored largely because it looks and sounds exactly like advertising -- and usually like som...

Lies Of The Marketing Industry

There are two types of lies. Lies of commission (when you say something that isn't true) and lies of omission (when you neglect to say something that is true.) The marketing industry is guilty of 10 years of lying by omission. I am specifically speaking about the events at which the marketing industry comes together -- our conferences. These are the occasions when the industry "gathers" and "networks" and "shares" all the dumb shit that we happen to be obsessed with at the moment. It seems that there is a new marketing conference every half-hour to solemnly explore whatever the marketing fad-of-the-month happens to be. The trade press, finding it ever harder to make a buck publishing, has jumped head-first into the conference business with a never-ending stream of "insider summits." The problem with these conferences is that while they pretend to be educational, they usually have a hidden motive that is antithetical to truth-telling. In fact,...

Where Is The Universe?

I know almost nothing about cosmology but I have a fascination with the subject. I read about it a lot. And, as a general rule, the more I read about it the more confused I get. It seems that recently there has been a great deal of angst among cosmologists about what the universe actually is. Many believe that our universe -- as unimaginably enormous as it is -- is really just a local event. They believe there are a multitude of universes -- a multiverse. And that our universe is just one of an infinite number of universes. The idea seems strange as we have always defined the universe as everything there is. But I guess it is no stranger than quantum theory or any of the other barely comprehensible theories that modern physics has spawned. To me the more mysterious question -- the one that no one seems to ask -- is not " what is the universe?" but " where is the universe?" Most of us think that when the big bang occurred it occurred in empty space. There was this ...

The "Marketing Retrofit" Gag

One of my favorite marketing gags is the one in which marketing people take a huge creative success and attribute its success to some horseshit marketing process that was completely irrelevant to the idea. Such is now the case with the famous "FCK" ad for KFC. Here's a quick recap for those who haven't seen it: KFC had a major delivery screw-up in the UK and ran out of chicken. They ran this wonderful ad... The ad has won all kinds of accolades and awards. And, as advertising successes often do, it is now becoming some kind of bullshit morality lesson about client-agency relations. An article in MarketingWeek recently informed us that this particular success... "...highlights the importance of having an agency that really understands a business. Mother had been KFC’s agency for less than a year when the crisis broke, but already felt fully integrated. That was possible because KFC immersed Mother in the brand, inviting it along to its restaurant general mana...