Time To Get Serious

The ad business, and most particularly the media bit of it is balanced. We have chips on both shoulders. We are loathe to lift our eyes from spreadsheets and management edicts the better to see our clients’ needs. Heads down, shoulders slumped.

There are good reasons for adopting this ungainly position.

For decades we’ve been told how unimportant and insignificant we really are. Marketers spend a tiny proportion of their time worrying about advertising; and a small fraction of that tiny proportion on anything to do with media. So runs the stated wisdom.

This is either nonsense – in my long experience most clients worry, a lot – or it should be.

Not being concerned about where multiple millions of dollars are spent would surely be a gross dereliction of duty to any business and its stakeholders.

Agencies are professional advisors; we exist to help clients get the best results for their money, to spend those dollars wisely. Yet how we act isn’t always in line with this.

For example:

  • There is solid evidence that for those whose primary concern is to build or maintain brands, advertising on television is peerless, delivering the high attention needed to build brand stories.
  • And yet brand marketers keep spending huge sums on lower attention, social media channels.
  • There is solid evidence that where you advertise matters. Which is why every agency worth the name hires skilled strategists, comms planners, analysts etc.
  • And yet some agencies buy media as principals, seemingly regardless of whether what they’re buying delivers the carefully built plan.
  • The online ad industry has spawned a criminal enterprise under the generic title of ad fraud.
  • And yet we keep pretending we are cutting out fraud – even if it mysteriously keeps growing. It’s almost as if we don’t really want to look too closely.
  • Advertising can play a huge role in driving brand growth – and there are volumes of data and case studies to prove it. Clients want growing, successful brands that build and improve their margins.
  • And yet we spend our time being judged not on the growth we deliver but on the cheapness of what we’ve bought.
  • Advertisers hire procurement professionals whose job is to procure what’s best for the business at the lowest available price. They hire consultants whose job is to assess the value the agency brings to the business.
  • And yet we blame these people for not judging us against the ‘right’ criteria. Without telling them consistently, and comprehensively how they should be measuring us, and on what basis they should value us.
  • This business is full of bright, creative people. People wired to think differently, persuasively. People who can convince Cadbury that the best way to sell chocolate is to stick a guy in a gorilla suit behind a set of drums without once mentioning the words ‘chocolate’ or ‘Cadbury’.  (Other great examples are available).
  • And yet we give credence to those who apparently want to destroy any semblance of craft in advertising. Listen to Mark Zuckerberg on how he intends to do away with the need for any form of ad agency. Or the owner of X threatening to sue advertisers for not using his platform.
  • How do we react? We take their money sponsoring our conferences and put them on the biggest stages to be interviewed (ever so gently) by our top leaders.
  • We have spent decades building up thoughtful measurement systems through collaboration and compromise.
  • And yet we are prepared to believe what suits the largest vendors without question and without any hint of criticism. Indeed, we build what suits them into our thinking, with scant regard as to whether it fits with what we know.

We are in a crisis in large part of our own making.

This crisis is what prompted Nick Manning and me to start Advertising: Who Cares? just over a year ago.

We see the industry as a whole in a hole. Not one hole that could easily be fixed but a whole warren of interconnected holes.

The problem with warrens is that they weaken what’s above them. They may be nice and warm and safe until the structures above them crash through.

This has nothing to do with harking back to some golden age or wishing for a long-gone era.

It has all to do with an existential threat.

If we continue to fail to convince our clients that what we do is worth paying for, if we spend disproportionately in channels that don’t work, and if we encourage those whose criteria for success are self-defined and out of reach of any validation, we deserve what’s coming.

We should challenge more, starting by talking about these issues. We need to do a far better job bringing all the evidence, dispassionately and objectively to the attention of advertisers, their marketing teams, their CFOs and their Boards.

This is what Advertising: Who Cares? is trying to encourage, and it seems to be happening, slowly.

By attending our summit and putting your point-of-view on October 16th in London you can help us all do our bit to make things better.

Seriously.

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