#331/Jan 12, 2025 ![]() MARKETING'S MYSTERY QUESTION I'm not a marketing guy. I'm a copywriter. I've never taken a marketing course, or an advertising course in my life. In fact, I've never taken a business course. But this does not prevent me from having strongly-held (and some would say ill-informed) opinions about marketing. ![]() As you know, I take great pride in being a Luddite dinosaur, out of step with contemporary marketing/advertising/branding practices. Being trained by experience rather than instructors can sometimes be an advantage. I've had to invent my own ideas for how marketing works, often in contradiction to the prevailing 'wisdom.' So far I've done ok. Lately, I've been noticing two things in the literature of our industry. First is that we ad people seem very confused about what we're supposed to be doing: Positioning? Differentiation? Long term? Short term? Performance? Brand meaning? Brand purpose? WTF? Second is that every article I read seems to be chock full of stats and charts and graphs. There's nothing wrong with stats and charts and graphs. I employ them often myself. But they're not the whole story. So let's try going back to first principles and resetting our thinking about our business by looking at it from another perspective. Let's see if we can figure out what the hell we're doing without mathematics. Let's just try thinking about advertising. Dare I call it philosophy? Is philosophy a substitute for math? No, but it is a useful counterbalance. So let’s do a little advertising 'philosophizing.' Why do people buy some products and not others? Part one, obviously, is the product itself. Does it do what it’s supposed to do? Is it designed with craftsmanship? Is it priced attractively? Does the company behind it take good care of its customers? Do people I know use it and like it? So to sum up part two, marketing's two essential contributions to the buying process are fame and distribution. Is this always the case? No. Is it usually the case? Yes. Nothing in marketing is absolute. All we have are likelihoods and probabilities. Is fame a guarantee of success? No. Famous brands die every year. Fame is strong, but stupid is stronger. There are a million little details that make a product successful. But if we want to have a lucid, coherent basic philosophy for why people buy some products and not others we have to create a framework from a few simple axioms. Mine are these: The rest is mostly footnotes. ![]() Tech Bro's Eat Ad Biz By now you're probably at least as sick as I am of hearing about the Omnicom-IPG buy out. To this tiny mind the hoo-ha over this deal is a great big yawn. Let me blogsplain... The back story here is the extent to which the platform boys have stolen the advertising industry from the holding companies. The enormous adtech platforms (Google, Meta, TikTok, Amazon, etc.) are making these holding companies less and less relevant. ![]() According to MediaPost, in the 1990's, the big six advertising holding companies accounted for almost 50% of worldwide ad spending. Today that number is less than 25%. About 2/3 of agency media revenue now comes from online media. 'Online media' is just fancy talk for a handful of huge platforms. Google, Meta and Amazon alone account for about 60% of US online ad revenue. As noted recently in this space, the holding companys’ media agencies have become little more than the sales department for the platforms. Small and medium size agencies, and client internal media departments, can buy from these platforms as easily as the holding companies. And since advertising on these platforms requires nothing that any sane person would describe as 'creative' advertising, the traditional power of agencies has been substantially diminished. The most telling part of the proposed marriage of these two companies can be found in press reports. The Wall Street Journal broke the story with this headline, “Omnicom to Acquire Interpublic in Deal That Will Reshape Advertising Industry.” The word that doesn’t belong in that headline is “advertising.” Neither Omnicom nor IPG is an advertising agency. They are financial institutions that buy advertising agencies and milk them. These guys love to talk about their technology and data 'offerings' but seem to have forgotten that they’re supposed to be pretending they’re in the advertising business. Why is this deal a great big nothingburger? Who gives a flying shit which financial institution - masquerading as an ad agency - gets to continue the relentless march to mediocrity? This deal is just further evidence that the holding companies are being de-coupled from the actual creation of advertising, and are searching for some 'offerings' to keep from drowning. ![]() Too Fat To Fly ![]() The facts tell us that the customers have noticed. That's how you go from 50% market share to below 25%. This is all part of advertising's semi-conscious sleepwalk into "industrialization,' i.e., the optimization of efficiency over craftsmanship. It is just one big depressing saga. If you think this hasn't had an affect on the public I suggest you get out in the street and ask some real people (ya know, the 'consumers' we all claim we know so much about) what they think of contemporary advertising. I promise you will be appalled. ![]() "Creative Genius" That's the name of a new network TV show about advertising being developed by a NBC. It's one of those cheesy "reality" things in which a group of 'creative geniuses' compete to create an ad campaign for a major brand. The winner is picked by a panel of 'experts' and wins some cash. ![]() I got a call recently from someone associated with NBC. They wanted me to audition for either one of the 'genius' roles or one of the 'expert' roles. I politely declined. There are some things too tacky even for a blogweasel. All my friends said I should have done it. All my friends are idiots. ![]() My Ad Prediction For 2025 In 2025, every TV spot will be required to have one husky white woman dancing, one older Black guy with a grey beard reading x-rays, one very busy Asian woman in a navy blue business suit, one handsome Hispanic guy coaching a kids' soccer team, one female Muslim artist with a head scarf, and Snoop Dogg. ![]() |