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Posted in: UncategorizedNielsen has been talking to shoppers in effort to determine how the economic slowdown is changing behavior.
They found that nearly two-thirds (63 percent) of consumers are reducing their spending, up 18 points since June 2007.
courtesy of Flickr user, Jim Forest
“Consumers are altering their driving and spending habits at dramatic levels,” said Todd Hale, senior vice president, Consumer & Shopper Insights, The Nielsen Company. “While discretionary spending is likely to be a challenge for most low and middle income shoppers, even affluent consumers are looking for ways to make their dollars go further.”
Nielsen’s research shows that more consumers (35 percent) are buying less expensive brands, up 12 points since December 2007. People are also clipping coupons and looking for price promotions at retail, shopping online, carpooling and using public transportation more often.
Are you doing any of these things?
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Posted in: UncategorizedWalkin’ The Line
Posted in: UncategorizedThere are a lot of interesting points (and comment counterpoints) in this post at The Daily (Ad) Biz, talking about “below-the-line” agencies attempting to cross over. Here’s a snippet:
It seems that every company with a Photoshop license seems to think that they are an ad agency…like this partner agency that I am working with. They are a below-the-line/brochure shop and every time they present new creative, they always seem to have somehow slipped a brand ad into their presentation.
Weird.
Of course, they say that it’s only “to illustrate the holistic nature of the idea” but we all know what they are really trying to do. They’re trying to broaden their scope of work. They’re trying to win some of our business.
They’re so bad at actual advertising that they don’t stand a chance.
Agencies of the world, hear me now – below-the-line, SEO, brochures, PR, promotions, etc and so on are an important part of the marketing mix but you’re in no way capable of doing the heavy lifting of brand building. Most traditional below-the-line is product selling, not brand building. And that’s cool, products do need to be sold last I checked…it’s just doesn’t really prepare you to do this advertising thing.
It’s harder than it looks.
Few agencies do everything well–above, below, through, crossing the line, whatever. And, expanding on what I said in my recent Talent Zoo column, many agencies simply aren’t hiring people who can do lots of things well.
It’s painfully obvious when an agency tries to do a piece of work that’s clearly out of its league. It usually shows.