Is Digital Marketing About Economics or Expertise?

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This has been a rich couple of days for a few ideas surrounding the state of digital marketing strategies and execution--and how they are viewed by the rest of the world. First, there's this .pdf hot off the presses from the American Association of Advertising Agencies (AAAA): "Understanding the Economics of Digital Compared to Traditional Advertising and Media Services." It's really required reading, but I will echo the sentiments of others who say that it isn't perfect but it's a start. The good news is that it VALUES digital marketing strategy and the time it takes to do digital right. If you think your digital agency is "expensive," which we hear all the time, this report does a fabulous job of telling you why it feels that way--it takes a lot of effort. The bad news was from an Internet Oldtimer Foundation member: "The credits and thanks starting on page 42 are hugely impressive. In my 21 years in the digital space, I wish I’d met one of them."

The second idea for this discussion has to do with two AdWEEK articles.  The first, "Are Banner Ads Poised for a Creative Comeback?" accurately praises the thinking and execution of a VISA campaign by nearby agency, AKQA.  The work is filled with mashups, geolocation ideas, and temporal cues.  It's REAL TIME, in all meanings of these words and phrases.  This article links to another, "Ready, Set, 'Go' For VISA."  This details the consumer insight process and brand advertising push from industry powerhouse TBWA.  What strikes me about these articles is that they highlight the conclusions of the AAAA's paper: Digital is different and requires lots of expertise.  But, taken together, these articles prove that branding experts are equally experts and valuable.  When each finds good partners, the work really extends to the great benefit of the client.

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