I am writing this while sipping a morning coffee in
Atlanta’s Virginia Highland neighborhood.
I come here most mornings for some causal time to browse
through the Wall Street Journal and catch up on my Emails.
In the last blog-logue, I made note of some interesting
numbers tracking the volume of retail sales on the world-wide-web.
Three articles in this morning’s WSJ struck me.
One of the articles is about Nielsen and its challenges of
working with ad agencies. The second article is about Google and the confrontational
threat it faces voiced by ad agencies.
Ad agencies are going through interesting times. And to be honest, I am really tired of holding their hands.
Any time you hang with an ad agency you quickly see that…
(1) Commission
payment still drives their business model… no matter how much they say they
don’t work that way anymore…
(2) The
greater the reach, the better the buy… no matter how much they say they can
“rifle-target” media buys… the more warm bodies they can secure, the better
they believe is the deliverable
(3) Wheeling
and dealing drives price… they remain insistent on stressing what is the
“gross, non-negotiated” cost… and then making sure clients understand just how
great a deal they were able to secure on their behalf
One of my clients has invested in securing market
information that they can, in turn, provide to their retailer distribution
network.
Once the retailers are presented with the market
information, they then bring in an ad agency media-buying firm to develop a
marketing plan.
Yesterday, I participated in a call in which the media firm
made a presentation.
They had included radio in the buy. When asked why, the rationale was
simple… “it provides the broadest reach.”
And then when asked, well how do you know? “Because they net the highest ratings”
is the answer.
Who they reach, the match of the media channel with the
message, the time of the day the spots run, the links to interactive media is
all second tier consideration.
The more warm bodies the better!
I sometimes wonder if the entrepreneurs who tell me that
everybody, everywhere is their target group are the champion ideal clients of
the media maven.
The third WSJ article showcases how AOL is linking up its online
advertising with television media.
Interesting outcome birthed through the past merger of AOL
with Time-Warner.
The article goes on to talk about how the web will be
married in terms of reach and the new, merged dynamics of broadcast
ratings.
Essentially, the article talks about how AOL is going to
circumvent the media mavens and make the buying all automated online.
The interesting perspective shared in the article is how
prospective advertisers will be able to select a “genre character” of websites
and be able to place a brand on all of those aligned sites.
Almost a duplicate of what I am doing right now with COX
Interactive for a number of our clients.
That part of what AOL is doing is positive news and
certainly something that I will investigate and learn more about for our
partners.
Lastly, I just hired a new college intern this week.
She is a junior in the PR program at the University of
Georgia.
When I asked her what courses she was taking this semester,
she told me that one of the courses was “New Media.”
Curious to see how many others reading this wonder the same
things I do…
(1) Calling
the Internet “new media” when it is more than 15 years old is a bit of a
misnomer… When I was taking classes back in the 1970s at University of Georgia,
I don’t recall a class on cable television being referred to as “new media”…
but it is analogous
(2) If
the Internet, interactive, social and mobile are being taught in a separate
class from “old media,” how are the students coming out of universities today
viewing the planning process? Is
the Internet, interactive, social and mobile being viewed essentially as add-on
channel options?
Here we sit in 2013 with all of our business partners
knee-deep in 2014 strategy planning.
Maybe its time to wipe the slate clean.
Don’t even bring the media mavens to the table.
Scrap the links with the recent college degree graduates.
Chuck the ad agency account execs.
Instead, bring in some Generation ZOOMers (see the AT&T
commercials to learn who they are), inventive creative folks, gamers and anthropologists
and have them to put together the brand plans.
Let the folks like Nielsen, Google and AOL keep the
conventional ad agencies, research statisticians and media mavens happy living
in the past with the martini afternoons.
Maybe then, we will see some innovative strategy emerge in
2014.
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