Just as Wyoming is transitioning from a coal mining state to a wind farming state, so will change the advertising business. I was one of the first people who poo-pooed the death of the TV Advertising commercial. When HubSpot came out proselytizing inbound marketing would replace advertising, I giggled. It wasn’t too much longer that they were investing in TV ads themselves to build business. But conversely, back in the 90s, I asked Bob Cohen “Where are the online spending predictions?” His answer? “Too small to track at this time.” Bob was a McCann employee and the world’s leading ad spending economist.
The not so simple fact is advertising has been change irrevocably by online. And by the algorithm. Putting active queries into the marketing mix has up-ended everything. I’m not exactly sure what the 21st century ad unit of choice is but it will be somewhere between a video ad and a data-driven delivery system. And Google will not hold on to all the business the way it has today. As Pearl Jam says “It’s evolution, baby.”
So we must begin to plan and ready ourselves for the future. I’ve been writing and getting some traction around the comms planning tool Twitch Point Planning. I’d love to work with a smart brand to develop a Twitch Point program. It would be merely a step but as a mentor of mine once said “The idea to have an idea is sometimes more important than the idea itself.”
Let’s go! Peace.