The ROI of an idea
So if a big advertising idea is more effective, why is there still stale advertising out there?
You already know the answer.
It’s because marketers assume it costs more. And it does. But also – it doesn’t.
Yes, developing a meaningful, memorable advertising idea takes more time upfront – research, creative development, strategic thinking. And when you’re working with an external partner, that additional time likely means a higher price tag.
But the 5 million impressions, the 30 seconds in prime time, the two-page spread in the trade publication, and the influencer endorsement? Those all cost the same whether you’ve got a great idea to share, or a list of facts and figures.
Why not make the message work?
So if you’re investing the same amount to put a message into the market, why not make that message work?
What it comes down to is how you define ‘cost’. Is it costlier to spend the time, attention and craft to develop a big advertising idea than just post a bullet list on a billboard? Absolutely.
But is it much more costly (wasteful, even) to spend thousands or several million placing an ignorable, forgettable message into the market?
Again – you know the answer.
A big advertising idea makes every dollar you invest work harder by improving recall, enhancing how people see your brand, and ultimately driving better business results.