Those brands that are "just" advertising have it relatively easy. They partner with advertising agencies that are tasked with coming up with the creative idea for advertising campaigns. In fact, they have a dedicated staff of "creatives" tasked with doing just that.
Not to denigrate agencies, or creatives, or the vast amount of strategy, research, iterations, testing, and refinements that go into creating advertising campaigns, but that model is now radically changing, making the question of where creative comes from a legitimate one. Sure, advertising agencies own advertising. However, in an increasingly mobile world where user-generated content, social media, and earned media are burgeoning, advertising is a somewhat diminishing channel and not at all the core creative idea it once was. In digital (and soon, in traditional media as well), paid, earned and owned media are converging and commingling. Advertising is no longer a stand-alone. It works much, much more effectively in conjunction with broader strategic marketing initiatives that place as much (if not more) emphasis on owned and earned channels.
This raises a chicken-and-egg dilemma for marketers: Who's driving? If paid, earned, and owned media all inform a campaign or marketing initiative, and learnings from one channel can be applied to the other for optimization and improvement, which channel leads, and which follow? It the channel that's doing the driving isn't advertising, it's doubtful the creative core of a campaign comes from creatives.
Together with my colleagues Jeremiah Owyang and Jessica Groopman, I've been working on research that looks at how paid, earned, and owned media are converging. A growing trend is unquestionably that the creative germ originates in owned and earned media before it becomes paid (i.e., advertising).
Take Facebook ads that "pin" a brand's wall post in a display ad unit. Or Bazaarvoice's new ads that retarget shoppers with ad units that feature a geo and demographically targeted user review of the product they were just viewing. Brands can even turn lemons into lemonade by taking negative consumer reviews and, by adding a twist of clever content marketing, turn them into positives, as did one local eatery (photo below) or Austin's Alamo Drafthouse Cinema:
When marketing creative flows in from multiple sources, the way marketing and advertising work must inevitably shift. How? We're sifting through findings, but there are some clear initial insights.
There's a constant flow of consumers providing insight, feedback, media, and other digital material in real time on the web. Monitoring all this is a given, but reacting to it in real time is increasingly important, and something too few marketing organizations are prioritizing. Small wonder -- real time marketing is resource intensive, and it's hard. Increasingly, it's necessary and will prove a real advantage to those who do it.
If creative ideas flow from chatter on the web, it's critical to intelligently listen to all that chatter, to monitor it, triage it, and leverage it into ads and other marketing collateral. The SMMS sector is a veritable explosion of M&A activity right now due to this trend.
Owned media matters. Consumers expect it, social media demands it (and all brands are social, whether they're playing in that particular sandbox or not). The web in general, and social media in particular, demands a steady stream of content, something brands must prepare for strategically as well as tactically.
It's not as if advertising agencies haven't seen this coming. Many are shifting staffing (as should brands) to bolster core capabilities such as creative and media with more support for content, data, and social media capabilities. PR shops are doing this a well, of course, and so are the more forward-looking brands.
Others will certainly follow. Because agency creatives now only sometimes lead the creative charge, and the media plan is hardly what determines where, and how that creative message spreads.
Rebecca Leib is a research analyst covering digital advertising, marketing, and media at the Altimeter Group.
On Twitter? Follow iMedia Connection at @iMediaTweet.
Not a People Connection member?
What a great refreshing report. While reputation management is not done well by most companies, add some creativity and you not only protect and boost your reputation but potentially see a viral effect. Now that is turning the frown up side down!
I see Earned Owned Paid totally merging into one behemoth where it will no longer be essential to differentiate between them other than seeing them as different mediums the way OOH and radio are different. It's all becoming the same and smart creative and marketing and media people will (are) seamlessly use and meld them the way people did in agencies across traditional mediums before the web happened. I don't think we'll be calling social media social media for many more years; when everything is social in some respect, it all simply becomes media. Nice write up and funny Alamo and restaurant blackboard ads to illustrate the point thx for sharing them! Eric HymanAtlanta, GA
Full Summit Calendar | Request Invite
1 The 5 types of terrible networkers
2 The top 4 consumer trends you need to know
3 The most meaningless (and hilarious) job titles on LinkedIn
4 The best social media campaigns of 2013
5 5 brands that were forced to apologize