BEYOND Advertising!

Vignettes from A Day In Your Not-So-Future Life

As I walked into the bathroom, the body scanning sensors could tell I had a rough night. Sure enough, looking into the mirror, it displayed an ad for Panadol(extra strength) which was dynamically inserted as sponsor of my morning sports video highlights. In addition, a coupon offer from Nabo coffee was presented along with my daily agenda, which I dropped into my mobile watch.

 

My automated home system had already connected with my Google self drive and ordered me a car. Since I had earned over 1000 points last month based on my social sharing activity, I received an offer to try 3 breakfast items from a sponsor, Tim Hortons, with the caveat to ‘ please share your thoughts on the breakfast with your social network. I devoured the greasy delight while sitting in the backseat of my selfie-car while it drove into the city.

 

The ads that rose from the ether as I looked out of the windows were personalised and behaviorally driven with time and place considered.

 

When I selected quiet, contemplative music for the drive, I wasn’t surprised when the ‘ brought to you by ‘ included a yoga studio and a spa; both offering same week specials if booked within an hour and a voice link to testimonials from ” friends ” within my social network.

 

At the office I entered the Google collaboration holodeck with five others; we connected to the global team(another 12 members) and used voice, text, touch screen tech to share, move, grab, iterate on ideas, designs, models(which we 3D printed) for the proposed E Sports stadium for the Brisbane Olympic Games in 2032.

 

On the way home later I received several invitations to stop or order dinner for home delivery, al, based on known preferences, what I ate yesterday, my bio read for today, with ratings from within my social sphere.I decided on delivery(noodles) and decided, once home, I needed a good laugh, so asked my virtual video concierge for all Academy Award winning comedies of the past decade, along with ratings my friends had given and also asked to see if anyone wanted to co view and connect this evening.

 

While watching the comedy film, I was on Twitter and received sponsored Twitter amplified comedy shorts; both were outtakes from the movie I was watching and ” best of ” clips from the actor’s other work.

 

I ended the day in bed with my e-book reading a few pages to me, along with sharing tomorrow’s weather(brought to you by Carrier) and any key meetings on my agenda( a reminder from Timex).

Bruce Neve, Former CEO, StarcomMediavest Group 

 

What we find compelling about this above extract from Bruce(projected in 2013) is that the vast majority of what he describes is not only possible today, but is being practiced, tested and evaluated for new levels of effectiveness related to traditional approaches by marketers across categories.

 

Going Back In Time

Now the serpent was more crafty than any other beast of the field that the Lord God had made. He said to the woman, “Did God actually say, ‘You shall not eat of any tree in the garden’?” And the woman said to the serpent, “We may eat of the fruit of the trees in the garden, but God said, ‘You shall not eat of the fruit of the tree that is in the midst of the garden, neither shall you touch it, lest you die.’” But the serpent said to the woman, “You will not surely die. For God knows that when you eat of it your eyes will be opened, and you will be like God, knowing good and evil.”

Holy Bible, English Standard Version, Genesis 3:1–5

 

If we assumed this biblical account were literally and historically accurate, we might argue that the serpent was the first advertiser, and this was the very first instance of deceptive advertising. Setting aside that some people would challenge this description’s historical accuracy, others likely would argue that it isn’t advertising—it’s direct selling! Or perhaps it’s public relations. Does that really make a difference? Of course, if the serpent was the first adman, that makes all of us in the industry a professional descendant of the serpent.

 

If we are to look at the future of something, then it is important to correspondingly understand its historical, cultural and anthropological origins. Therein lies some telltale signs and the crystal ball.

 

It is said that the future arrives gradually and then all of a sudden.
We’ve been hearing about the pending “death of advertising” for years, with ever-increasing ads having less and less influence on actual consumer decisions. Today, the up to 10,000 ads we see every day makes each of them less impactful. It turns out that hitting people in the face with a fire hose is actually a bad way to convince them they should take a drink.
The consumer is hard to impress( we could call them ‘ infidels ‘ in some way) and the next decade of advertising relies completely on them buying into our largely tech-driven, utopian vision of making every single advertising message relevant to the receiver. If you consider yourself able to predict the future within any reasonable degree of accuracy, you’ll know that a solid human understanding is absolutely essential.
Over the next 10 years, advertising will move further away from communicating to predicting, and emoting, based on human needs. According to a study by neuroeconomist Paul Zak, three out of eight people now love brands more than their spouses, because thinking of brands releases more oxytocin – the same reaction generated when being hugged. 

Without a doubt, we’re going to witness(or already witnessing) a shift from obsessing over what advertising looks like, to what advertising feels like. As we call it at ISD Global – Unique Feelings Proposition(UFP) is far more significant than the by now passe Unique Selling Proposition(USP).

And for that to happen, advertisers talking will get replaced by advertisers listening. Hearing what the customer is saying will be more important than trying to devise a break-through creative idea. Answering customers’ questions. Right now. Not tomorrow.The individual is the shaper of her own identity and its own online & offline presentation. She is no longer the consumer of the media. She is the medium– the most trusted and personal channel through which content is created, flows, finds shape, and gets presented to the world.

 

The hyper-personalization of advertising will indeed further empower the consumer but it may also save advertising from its oft predicted doom. 

 

In order to develop a future for advertising brands, there could come into existence a Need Bar. The Need Bar would be personalised for every consumer, so as to give her the ability to look for anything she needs at any time.This would result in a brand not only being present in the life of a consumer, but also catering to her every need, from any brand. Inevitably, the future of advertising will incorporate more consumer knowledge derived from the hard sciences such as biology, chemistry and physics, to complement that acquired from the softer sciences of psychology and sociology.

 

The needle is moving. Most advertisers in the very near future(if not already) would have completed their natural evolution from adjacency(stand next to the stuff people want!) to interruption( stand in the way of the stuff people want!) to content marketing (be the stuff that people want!). Enter a new era where brands that do business using a Consumer Era ” marketing as manipulation ” mindset will become irrelevant and superseded by companies that demonstrate a Relationship Era mindset. And, as forces at play lead the Relationship Era to the tipping point of wide acceptance, I believe that marketers will not be known as the scoundrels who spin but rather people with the greatest expertise in crafting authentic relationships– and adding most value to their brands and businesses.

 

What if?

– What if marketers and brands saw their marketing and advertising as an investment and a value creation engine rather than as an expense to be squeezed?

– What if the brands were seen as bringing in not only advertising dollars but also valued content to the media properties and channels they use?

– What if the creative, analytic and strategic genius that lies within the sum total of the world’s media, advertising, digital, creative etc agencies, research firms, ad tech companies, sponsorship, brand placement, – and all other players who ‘ feed off advertising ‘- were given a more inspired briefIncrease sales and leave the world a better place. Come in on budget and be proud to tell your family about what you helped create. Help us, all of us, be in thought, word and deed, create something truly exceptional!

– What if the community were to be expanded to all those whose actions imparted the brand and how it actually came to life for its audience? Not only the traditional stakeholders, but also others who could potentially describe the broader value of the brand and the brand experience in even more creative and impactful ways.

– What if all the ways that brands were brought to life with their potential and current customers were thought of holistically, and resources were allocated accordingly?

– What if every bit of the US$ 780 billion plus paid, earned and owned advertising expenditure around the globe not only resulted in sales and profit, but also resulted in net positive impact on society and culture? What if, in addition, it made a positive impact on the lives of those who were involved in it and influenced| inspired by it?

WHY NOT?

As Albert Einstein famously asserted ” Without changing our pattern of thought, we will not be able to solve the problems we created with our current patterns of thought “.

 

Amid all the changes, “the fundamental things apply as time goes by,” to quote the famous song from the classic movie Casablanca. A kiss is still a kiss, a sigh is still a sigh, and human nature doesn’t change over time. Our obsessive drives to survive, to succeed, to belong and to be loved, to take care of our own—those passions have been heightened by the pandemic, and advertisers and their agencies who are sensitive to those basic needs will create brands to meet them, an act that will always require advertising.

 

Creativity will remain the most powerful force in business, and instead of changing campaigns with every change of a CMO, advertisers will rediscover the importance of consistently projecting a clear sense of purpose and doing so with a distinctive brand voice. Along the way, we’ll learn the difference between an algorithm and a true insight into human nature and the important difference between big data and a big idea.

 

Advertising has been both cause and consequence of social change.Never was it more obvious than since the start of the twentieth century. That, of course, is both a positive and a negative. It is a powerful tool of change, and like any tool, it can be misused. And at times it has been.I have no doubt that advertising will rise to meet that challenge.

ENDS

 

 

 

 

 

 

 

 

 

Same Circus, New Monkeys!

The world is going digital at a frenzied clip. It’s gone from being the flavour of the season to being the only reason for brand marketers and CMOs. In this sordid vortex of elation and over glorification with digital being heralded as the manna from heaven, the campaign hits are paraded for the world to see. There is hardly any mention of the innumerable misses that get lost in the wilderness.

Take a look at the average CMO tenure- it’s not going anywhere beyond 18-24 months(with some exceptions of course). If it’s a hit parade through and through on all campaigns, would this be the threshold duration?

So the next time you have a fire and hire issue for a CMO, please do remember what your new CMO will say:-

It doesn’t matter what the problem is..the answer will be:

  • we need to get more digital
  • we need to get more younger

You have a crappy product:

  • we need to get more digital
  • we need to get more younger

You have no discernible strategy:

  • we need to get more digital
  • we need to get more younger

Your advertising is a stupid pile of shit:

  • we need to get more digital
  • we need to get more younger

Your stores are filthy, your people are morons:

  • we need to get more digital
  • we need to get more younger

If you are looking for a marketing job, repeat after me:

  • we need to get more digital
  • we need to get more younger

It seems to be the universal marketing strategy that will get you get employed by any dumb ass organisation. Never mind that you will last only 18 months. Or 24 at best. There is always another sucker(dumb ass organisation I mean) around the corner. That needs your ‘ keen insights ‘.

Agreed we are now in an era where the 4Ps of marketing has seen a shift to personalisation, privacy, permissions & performance- fully respect the merits of these. But it sure does not offer a license to overlook fundamentals like product quality, your advertising content, the customer experience you deliver, the human resources you have and the market insights that drive your R&D. Ideally, could the true CMO combine the traditional 4Ps with the new age 4Ps? What a potent combination that would be!

There is already talk in some organisations around the world about making the CMO position redundant. So, let’s not do our bit to accelerate the demise.

Digitelly yours!

www.groupisd.com/story

www.brandknewmag.com

www.weeklileaks.com

 

Is true talent shying away from advertising?

It’s episode one of the cult classic Mad Men series and ad-man Don Draper in the climax reveals the campaign idea for Lucky Strike cigarettes ” It’s toasted “. A scene that captured attention and sparked the show’s runaway success. It’s toasted was also a real tagline for Lucky Strike cigarettes, adopted by the brand way back in 1917.

Those were the heady days of advertising– an eclectic mix of craziness, Machiavellian egos, cult personalities, big ideas, mind numbing creative campaigns, wild parties, rock and roll, high profit margins(15% commission days)….it goes on. Little wonder it was the industry that a lot of talent aspired to get into. Made for good conversation piece.

The times they have a changed. Advertising as an industry is no longer the flavour of the season when it comes to attracting top talent. This inspite of being a 560Billion US$ industry worldwide in 2019 and growing over 4% compared to the previous year with N America and Asia Pacific reflecting the maximum growth.

What could have happened especially over the last decade and a half? Let’s examine a few factors:

  • the risk appetite for taking up and executing ‘ big ideas ‘ within the agency set up seems to be on the wane. The increasing role of the CFO in marketing and advertising decisions and thereby ROI first always could be a strong influencing factor..
  • the big shift has happened from ‘ gut instinct ‘ to ‘ data precinct ‘ when it comes to execution of campaigns. Freewheeling thinking seem to have taken a backseat
  • young talent do not get a ‘ sense of self ‘- seniority still upends merit when it comes to prized, exciting projects- if you don’t want us, we don’t want you seems to be the thinking
  • with profit margins in the advertising industry shrinking, remuneration and salaries have taken a beating. Talent is seeking alternate, better paying professions
  • the average tenure of the CMO & Brand Manager has come down drastically. Why stick your neck out when going through the motions will do nicely. The Domino effect is reflected in the freedom(or the lack of it) given to the agency- legacy thinking dominates, not exactly a motivation for talent craving to find their own expression
  • start ups with sizeable venture capital funding have mushroomed all over. They are dabbling in hitherto unexplored territories and using cutting edge technology to harness market potential and become game changers. The natural tendency for talent is to move to areas that are changing, future ready and dynamic
  • alternate,fast growing and better paying professions like entertainment, stand up, v logging, blogging, music etc seems to have taken the sheen away from advertising for the wannabes
  • Digital proliferation and the quest for entrepreneurship are driving many to find their feet and make their own dents in the universe
  • The Big 5 of Consulting are not thinking like the Big 6 of Advertising while clearly trespassing into the domain. New entrants are bringing in new thinking, new possibilities- talent will have to realign

Clearly the advertising industry of the future(if it remains to be called that) and the talent that moves there will certainly not be a thing of the past. When change is the only constant, an industry remaining constant without change is not an attraction. As an US$560billion industry, it has enough muscle to bounce back(as long it does not rely on muscle memory). All the die harders(Bruce included) are willing and waiting!

ENDS

groupisd.com/story

brandknewmag.com

brandknew.groupisd.com

weeklileaks.com

Decibel V/S Gospel

We have all done our bit of time management drills. Segregate the routine from the urgent from the important. What is urgent need not be important and even the other way around.

Distill the wheat from the chaff. The signal from the noise. Indulge in ‘ Essentialism ‘- separate the trivial many from the vital few.

Hearing and listening are not synonymous.

Given the surfeit of digital and social media options today, the noises that you hear can be overwhelming. It’s easy for anyone to be loud and consistently at that. The Big Bold all uppercase attention seeking subject line for example. Falling innocent prey to these high decibel badgering is a strong possibility.

What would be vital to understand is who are these loudest noise makers to whom you are lending your ears to ? And are you overlooking the more important constituents in your customer universe as you do that? Well worth an introspection.

The once in a blue moon random customer with Cartier expectations and Naif Road budgets might be the noisiest for sure but do not confuse them with the silent, committed, long term customer who delivers you over 90% of your business.

It’s not about the Paleto Principle. Neither is it about profitability and revenues but identifying, respecting and understanding whom we have set out to serve. And serving them the way they ought to be.

A loud noise will not be important and an important voice need not be loud. If they are well heard, they can be well healed. And leave you well heeled! And then it’s business as usual.

Distinguish the decibel from the gospel. Then all would be well.

ENDS

www.groupisd.com/story

www.brandknewmag.com