Business Will Never Be “Usual” Again (and that’s a good thing!)
Written by Nuri Djavit
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Towards the end of 2008 I actively avoided reading any of the many predictions for 2009, most of them spelling out apocalyptic doom for the economy, for New York, the US and in deed the entire world. OK, OK - it is bad and is going to be bad but I believe that much of what we will experience will be the transformation of life as we know it. I’ll not get all existentialist, so I’ll focus on advertising/marketing shall I?
Knee jerk reactions tend to do the worst damage and every sensible person/company out there will realize that we still need to sell. That the vast majority of people still need products and services, albeit more effective, efficient and now more ‘green’, and the way we need to speak to this more demanding audience must also be lean and mean. Ten years ago we were enjoying life in the dot.com bubble as digital marketing began to enter the paradigm but it’s only been since the last bust and really, I believe, during 2008 that it has begun to take shape. In our industry we live among a an audience (our clients) relentlessly fixated on accountability. And so they should be and so can we provide and satisfy. Vague, illusionistic formulas for calculating ROI from traditional media will not cut the mustard during a troubled economy and, I believe, will not do so when we return to a stronger fiscal situation. Times are certainly changing. Whilst many companies are being forced into making redundancies, there seems to be many who are slashing head-count whilst reporting (still growing) profits - this might wreak of (traditional media) companies taking advantage of a convenient smoke-screen to shed weight in favor of people with more digital savvy.
The numbers for the close of the year point to good, not stellar, but decent months for all who can truly take advantage of the shift in the marketing mix and offer their clients something undeniably of value - real accountability. Media consultant and futurist, Jack Myers says it perfectly: “The best we can do is deal with reality…and not put our heads in the sand and just do what we have in the past. We need to see what is driving the most return-on-investment and identify where we think the communications business is going.”
Reports showing growth in display ads, search marketing, online video (which shows massive growth) and email, with all or a mix displaying value in both direct ROI to brand building, suggest that companies such as Last Exit, should have a good year and more importantly, that we guide our clients to plan, invest and deploy their marketing communications more (cost) effectively and establish new strategies for a new era.
So, with the digital fad finally over and the internet coming of age, it’s time get on with business in a new, new (media) world.




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