Are You Putting All Your X In One Basket? Y?

Do pardon me. For disintermediating the age old adage ” Putting all your eggs in one basket “. The X is just a chance I took with phonetic liberty.
If you put all your eggs in one basket, any fall will be a messy one. Any time you put all your eggs in one basket, you’re just one stumble away from catastrophe.
There are so many creators out there. And it’s a prosumer world, an increasing tribe of people who do both, i.e. consume and create content, art etc. And now what has become de rigueur, social media appears to have become the be all and end all of any content articulation, community engagement and community impacting. 
The number of platforms available is also tempting. The recent launch of Threads (Meta’s version of Twitter, now X) saw almost 100 Million sign ups within a matter of days. The new kid on the block was the hottest thing in the social media world. Even within its threadbare duration of existence.
Meanwhile, other social-media platforms are losing steam. Twitter users(and advertisers) have been leaving the platform in droves. Average engagement on Instagram has plummeted. Overall viewership on TikTok is down, and the company faces the possibility of an outright ban in the United States. Facebook is being referred to in the past tense already.
Change is the only constant. A lot of these social media shiny objects are losing steam. Sustainability is hard to come by beyond the thrill of the chase and the incidental afterglow. Remember MySpace, AOL Messenger, Netscape etc- from red hot, warm, lukewarm, cold, beyond back burner, to dead and buried.  All of them were huge, until they weren’t. Here today, gone tomorrow.
That said, a lot of brands still continue to lean into these platforms in the hope that they will deliver their manna from heaven and get them their place in the sun with their audiences. Lulled and lured by the convenience and promise of ‘ quick gains ‘. That’s meaningless ‘  sole searching ‘ – putting all your eggs solely in the social media basket. 
As you decide to fire from a social platform’s shoulder, because it has audiences at all times of the day or night, that freebie comes to you with a Faustian bargain. Which is you giving up control totally to the intermediary, the platform. This intermediary dictates who sees your posts and how often, and it can unilaterally change policies, tweak algorithms, and generally do whatever it wants—even if it puts an end to your business or influence.
Vanilla metrics don’t work. And engagements on social media are predominantly superficial.  A small statistic as a wake up call: Of the 95 million photos and videos posted every day on Instagram and the 500 million tweets shared every day, how many linger beyond a fraction of a second?
We look, like, and promptly forget. And yet, we keep chasing these fleeting ideas that have the shortest of lives.​ Gone before they are born
The way to go is to be a master of your space– create your own blog, your own newsletter, your own email list, your own website etc. The Great Resignation is happening from social media platforms. But nobody is giving up on email. Well written emails with the right subject lines can fetch you upwards of 50% open rates and a significant click through rate(CTR). Never will you get this kind of an engagement on any social media platform. Yes, the web and email seem unexciting. But time to put your money where your mouth is.
If the idea you have in mind is to make things last, run away from the latest fad. Seek things that age well. Ozan Varol calls it ” the George Clooney Effect* “.
The Gorge Clooney Effect is a term used to describe the phenomenon of people looking better as they age. It was named after actor George Clooney, who has often been described as looking more attractive as he ages.
How about aging as an asset rather than a liability?
 
ENDS

Beware! The Biggest Boycott in History

Is programmatic advertising writing its own obituary?
We’ve become obsessed with media strategy at the expense of creative strategy.
By far, the most heavily debated issues in the ad world these days are around media strategy — traditional vs digital; precision targeting vs mass reach; programmatic vs direct, etc. There is far less impassioned discussion over creative strategy.
According to ANA and PwC, 70% of advertising dollars spent on online programmatic advertising never touch a human being. Of the US$ 550 billion expected in annual programmatic ad spend in 2023, over 70% will i.e over US$ 380 billion will disappear in ” ad fees, ad fraud, non-viewable impressions, non brand-safe ad placements, and unknown allocations.
By unknown allocations, you can read ” shit that no one can figure out “.
Brands are funding an opaque eco system. advertisers are being screwed blind by ad tech ferrets. More than 800 million devices now have ad blocking. Truckloads are being spent on advertising
that is neither seen nor impacting.
And, worst, it’s actually alienating people that it is supposed to impact. The really important issue is the impact of tracking (the basis of all programmatic activity) on society and the enormous damage it is doing to individuals and to democratic institutions.
Equally important is the quality of the creatives that are putting off people.
So, BEWARE!

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