Speaking of agency dismay with things, it appears you are also dismayed with Apple and Amazon
because they won't share the data you need to make an informed decision about whether or not to spend your ad dollars with them. But it's really no surprise. Unlike many other entities, neither Apple
or Amazon needs to depend on ad dollars, as this is not their primary source of income. Currently, Apple's ad revenue is $257 million compared to its total revenue of $171 billion. Amazon takes in
$614 million in ad revenue compared to overall revenue of $75 billion. Is it any wonder why they don't really want to work all that hard for your business?
Well, here's some big news. Okay -- so hey, it's not Nike, but come on, Reebok! Yes, San Francisco's Venables Bell & Partners has snagged the Reebok account as global agency for the brand. Of winning the account, VBP EVP Will McGinness said: "Reebok represents exactly the kind of opportunity that excites us most: an iconic brand led by a brave client with a genuine desire to challenge category conventions. Throughout the pitch we truly lived, ate and sweat the fitness lifestyle of the Reebok consumer. We share our client's belief in Reebok's potential and look forward to accomplishing great things together." Rock on, VBP!
So when and how do two ad guys become a hardware store? When it's Mattias Gunneras and Andrew Zolty from digital agency Poke -- two guys who invented a gadget for a bakery that when activated would tweet the availability of fresh baked goods. The two have extended that hardware dabble into a full-blown business called Breakfast. At Breakfast -- a top-10 most innovative company, according to Fast Company -- they have set out to integrate the Internet into the real world. They've built a system that connects the bicycle data of a cross-country biker to Twitter. They worked on that Conan O'Brien blimp people could check into as it crossed the country. They developed Instaprint, a wall-mounted printer that prints Instagram images with a given hashtag. They continue to innovate, most recently with B-Line, a rotary phone-like device connected to each of the firm's three partners that they sent out to their top brand prospects.
Oh, you agencies. Always jumping on the latest trend. Now social media is a bit past the trend stage but four or five years in with upwards of 87% of you, according to STRATA, implementing social media programs for clients, it's disheartening that just 54% of you indicate you would implement more social media programs if the value were more obvious. Have we really not yet figured out how to make social media work for brands? Or, as many a naysayer is wont to say, maybe it's just never going to work and we should all just go back to buying more TV ads.
David Murdico, creative director and managing partner of Supercool Creative Agency puts forth a solid argument as to why startups should pay agencies more than brands do for the same work.
First of all, he notes a startup is an unknown entity and no one has ever heard of it before making it all the more difficult to create the necessary marketing program to achieve awareness and sale. He notes startups are generally more demanding than established brand marketers, often times because so much is at stake.
Perhaps the biggest problem area when it comes to crafting marketing for a startup is that up until the point the startup reached out to an agency, everything about the startup has, thus far, operated in an echo chamber with scant few nodding and bobbing their heads in agreement without truly vetting the idea or how the idea will be perceived in the real world.
Another challenge when working with a startup? They tend to change their mind a lot about, well, everything. And that can be a gigantic time suck. Check out Murdico's entire list here and file it away in your back pocket for use the next time you consider working with a startup.
This is gold! Gold, I tell you! And it's arrived just in time. As we all mourn the loss of our beloved Mad Men characters, they have been given renewed life, in the form of a Tumblr blog, as
digital natives spewing all the usual buzzword bingo that's so prevalent in today's marketing landscape.
Taking on the form of animated gifs, we have Don informing his secretary: "The future of advertising is socially integrated digital platforms." We have Peggy commending a co-worker saying: "Nice branded social post, bro." We have Don asking Peggy: "But does it work as a pre-roll." We have Don reacting to a proposed "Tinder-powered drone." We have Pete telling Don: "The CTRs need optimizing for behavioral targeting of Millennials."
And on and on and on. Brilliance.
Oh for f*ck's sake! Stop. Just please stop! Every ridiculous addition to the CxO title space just dumbs down the importance of the core four: CEO, CFO, COO and CIO. Maybe you can add CMO and CCO to
that list -- but chief data officer? Chief customer officer? And now...wait for it...chief native officer?
Yeah. Chief native officer. Or at least that's what Forbes Contributor Daniel Newman would like to see instituted. Newman argues that the merging of paid and earned media requires this CxO style oversight.
He furthers his point, writing: "The biggest reason to get a Native Officer is that while digital agencies and publishers work together, they don’t necessarily do so as a team. In fact, there are instances where they don’t see eye to eye. While publishers are great at creating content, they can treat branded content like a 'second-class citizen.' On the other hand, digital agencies consider themselves star content creators for brands. In such circumstances, there’s a pressing need for a 'dedicated task force' to exploit native ads to their fullest potential. The CNO should lead this pack, guiding the brand towards rewarding native advertising campaigns and best practices."
So what say you? Do we need the chief native officer?
Sort of like food brands still pimping low fat/no fat products when studies clearly indicate the human body needs fat, the office management world is still pimping open office space when many studies have shown it's a less productive solution than
more traditional office space.
That's not stopping the latest trend in office space, the Superwide. Superwide office space is large, one floor office space consisting of 100,000 square feet or more. Of the trend, Brookfield Property Partners Senior VP Duncan McCuaig said: “Large floors are absolutely in demand.” And “right now there is very little of this product in the city,” he added, referring to Manhattan.
Adam Kansler, managing director at financial data company Markit, loves the open office concept and says: “There’s something that gets lost” when a company is on multiple floors. You don’t get the same random moments of seeing someone from across the way, hearing that they’re working on a project, and saying, ‘Oh, I’m going to stop by.’ ”