AI advertising trashing Meta
Is the ease with which we create advertising with generative AI going to be the downfall of some of the channels we are so accustomed to?
I see the Meta and Google channels swamped with AI-produced content and advertising; some of it no doubt very crisp and emotive.
It is also cheaper to produce so the cost threshold for good-looking creative has dropped - and that means there will be a tonne more of it. Not necessarily good advertising, but it will look pretty.
And yet the primary audiences we are all chasing value brand authenticity above all else.
Artificially-generated advertising is just today’s “stock photo”. It has its place and it’s convenient, but people see through it. Even if it is visually convincing, it can only masquerade as real for a short time.
Facebook, Instagram, Youtube, TikTok, X (does anyone still use X?) will be inundated with Gen-AI advertising and stories.
And customers will ignore you. Maybe at a trickle at first, but then it will become a movement across all audiences. Advertising in these environments will, by association, speak volumes about who you think you are.
They risk becoming the ‘free weekly paper’ of the 21st century, saturated with cheap advertising that commoditises content. Will the Meta and Google environments become synonymous with the junk mail of 30 years ago?
Smart marketers are already looking at ways to stay authentic and build their own channels that stay true to the promise they make to their customers.
In the same way that some banks now boast about ‘personal service’, so too brands will be able to position themselves outside of the make-believe marketing world of AI.
BLOGS
Process kills creativity
Only through creative thinking do we innovate (1 minute read)
Creativity is the manifestation of ideas.
It channels information, experience, observation, data and most importantly, original thought.
Without creativity all you have is process.
If your business is of a nature that piece-rate, unit cost is fundamental to it then focusing on process makes sense. Your creativity will be limited to innovating the production process.
But for the rest of us, creativity is king.
Process and structure can only give you what you had yesterday. By its nature, process is built around what you know.
Creativity is at the frontier - of a design, of a market, of a product, of a pay scale. Good creativity pushes the boundaries and makes managers feel uncomfortable.
It’s a worthy discomfort, because it means we’re dealing with something we aren’t familiar with.
Embrace the discomfort of creative thought.
Process is important of course. But without creativity your future is dull - or even bleak.
The art of negotiating
Finding the sweet spot means no one loses
(70 seconds read)
Deals are part of business. A good deal sets you up for success; a bad deal can be a millstone around your neck.
Deals can be one-off purchases for equipment or sponsorship or ongoing contracts with your clients or agencies.
My approach to negotiating changed after a visit to Morocco several years ago.
I bought a pair of silver and jewel earrings. It took two days.
They were nice earrings but not overly expensive - about $90 in the end.
Why did it take so long?
Because I immersed in the Moroccan way. I had tea with the salesman in his shop; twice. We talked about families, about football and history.
And occasionally mentioned the earrings. Each time adjusting the price a little in the direction of the other.
It was a holistic experience not just a financial transaction.
I learned so much from that one purchase.
“Sealing the deal” is not about winning and losing. It’s about finding the sweet spot that both buyer and seller are happy with.
A lot of theatrics can mask what that point really is, but that’s why being patient and working through those theatrics is important.
You can be a tough negotiator without ever being aggressive or dismissive. Respect for the other person and their role in the deal is critical.
Take the time to learn a little more about another human being. They have a job to do, just like you. But they are also interesting, just like you.
The question that I hate most
I know it’s important but starting with “What’s the budget" just kills creativity. (90 seconds read)
The most frustrating question I am asked as a CMO is “what’s the budget”.
I totally understand why it is asked. People want to know what their parameters are, what the resource is for media buying, production, talent, editing, A/B testing etc etc. Managing to a budget is a business imperative.
Sometimes the stakes are low and it’s simply expedient to map a project to a budget figure. Sometimes there is only so much money available no matter what, so we need the project delivered to the best of that available spend.
But that question is so self-limiting.
My response to “what’s the budget?” is usually “well, what’s your idea?”.
What’s the idea worth?
If you want a million dollars give me an idea that will make me two million dollars.
If we start shelving ideas because they’re out of scope or too expensive then we risk treading the same path as before - forever.
If we don’t think big we will always think small.
Don’t misunderstand me, some of my lowest budget endeavours have been among the best. High cost does not guarantee high success. And I’ve never seen an agency reply “oh we don’t need that much” when a budget figure is offered.
By putting a budget on a proposal right at the start you are asking for our imagination to be cloistered.
Marketers and agencies trumpet their creativity but the “what’s the budget” question is too often a code for “how much creativity do we invest in this”.
Next time we have to ask “what’s the budget” be sure it’s not a self-limiting question.
I’m sure most CMOs and directors would be willing to spend more on a better idea that gives a stronger result.
So what’s your idea?
Three tips for good leaders
Be kind, be clear, be patient (Less than 3 minute read)
At various times in my career I’ve been asked if I have any tips for managers or leaders.
My answer has changed over the years.
I’ve led small and large teams in a dozen different contexts so experience builds and, as long as I was paying attention, there were always new lessons to be learned.
But my answer now is simple: be kind, be clear, be patient.
Be kind to your teams because you’re dealing with humans. We are complex, whole beings. Yes there may be a job to do but most people have to juggle other things equally important in their lives. So cut some slack. Be kind in your words too. I’ve never had any respect for the “yellers” and chair kickers. Thank heavens that is a vanishing trait.There have been times when I’ve been sarcastic as a manager too and I regret those moments. They weren’t kind.
But be clear. Set boundaries, articulate goals. It’s an opportunity to empower your team with the roadmap to what they want to achieve. Some people might need a series of steps to help them scaffold up, but others just need to know that you trust their judgment and you share their goals. Being clear makes it much easier for your team members to feel purpose each day. It also means your reporting up the line is more effective. This is my team- this is what we do - this is how we measure it - and here’s the report that shows our trajectory towards the target. And being clear usually means talking a little, a lot. Don’t expect everyone to absorb a plan or goal at first reading or in one big download session. Communicate often and clearly what needs to be done.
And that intersects with the third tip. Be patient. Sport has some parallels here.
I’ve coached a lot of football over the years. No matter how talented a player, there are parts of their game that need to be developed.
By clearly communicating smaller steps frequently, those skills build.
It’s the same in an organisational setting. Be patient with your team. Some will get it it, others will take longer. (Inevitably, a few will be difficult - and if you are clear with them, they can also be managed appropriately.)
But helping them, coaching them towards the goal is part of our role as leaders and managers. It can take time.
Part of being patient is checking in on progress. Make it clear to your team that they started at point A and they’re now at point B. Ok, the goal is C but we are really moving the dial. We used to be A. (And be clear that C is the goal. B might be a drinks stop. Nothing more).
So be kind, be clear and be patient. It makes us better leaders.
The surge of the crowd
Something powerful … or completely distracting from the main act
(90 seconds read)
A phenomenon I call the ‘surge of the crowd’ can be disruptive in a positive way or completely distracting.
It is easy to feel there is a new trend emerging or a change in consumer behaviour if we only look at the crowd anecdotally.
New apps, new tech, new fads, new platforms. They all promise that competitive edge.
But beware.
The audiences of many businesses are often large. And they are invariably made up of humans - who are notoriously inconsistent and unpredictable. So the crowd can surge in what looks like a unassailable way. Then it suddenly changes direction (moshpit references).
Even if there is a measured trajectory of behavioural change among consumer groups, there are always differences either side of the average.
Be conscious of these surges.
They can be great fillips to your business if you get in front of them. But don’t over-invest.
A surge is temporary. It disappears as quickly as it comes.
At its worst it sees people making long-term capital investments on short-term surges of behaviour that then change and leave you stranded.
At its best the surge allows for quick gimmicks, tweaks and innovations to your current plan. Kind of like a long-distance runner taking advantage of the unexpected downhill tracks.
The surge of the crowd - be aware but don’t get smitten.
Welcome to AI, we’ve been waiting for you
Artificial Intelligence platforms have been with us for a decade (2 minute read)
Private Investment in AI by geographic area, 2022; from the HAI AI Index Report 2022, Stanford University
Stanford University releases an Artificial Intelligence report every year - and has done so since 2013.
The AI Index Report is a treasure trove of data, and I’d commend it to anyone interested in this area. It is published by The Stanford Institute for Human-Centered Artificial Intelligence (HAI).
This report has been coming out for years. But this is not one of those blogs trying to show off, saying “I knew about this before you”.
My point in referencing this report is that some pretty big brains have been contemplating AI for a long time before Chat GPT made it a popular dinner table conversation.
What the 2023 report does show is that private enterprise is now leading the way in AI developments. Up until a few years ago it was academia.
The United States and China are the big investors, with daylight second. The rest of the world is merely dabbling compared to these two.
And the big industries leaning deeply into AI are health and manufacturing. Marketing an communications will change as AI technology infiltrates but the relative impact is small compared with health and industry.
The outlier is ChatGPT and generative AI language models. That has hit public consciousness and normalised a whole bunch of other AI-related conversations.
But not everything is surging ever upwards in this sphere. Investment in 2023 was slightly down on 2022. That has a lot to do with some strategic mergers and consolidation while the big players take stock of what to do next. Ethics and behaviour play a big part here too.
I’ve also read there are more than 14,000 AI platforms available to us right now. It is a bit of a gold rush scenario, with everyone claiming they have the rich seam you need to buy off them.
So hasten slowly. Talk to a knowledgeable software engineer about the business problem you’re trying to solve. And most importantly, consider and map out the new or impacted business workflows either side of the new AI platform. The devil in that detail is critical to your business success.
But Stanford make it very clear that AI needs to be among your tools. One of their key findings is that “while the proportion of companies adopting AI has plateaued, the companies that have adopted AI continue to pull ahead. The proportion of companies adopting AI in 2022 has more than doubled since 2017, though it has plateaued in recent years between 50% and 60%, according to the results of McKinsey’s annual research survey. Organizations that have adopted AI report realizing meaningful cost decreases and revenue increases.”
It is an interesting frontier we are moving through.