How to get Maximum Advertising ROI?
There is a well-known saying, “ Half the money I spend on advertising is wasted; the trouble is I don't know which half .” - John Wanamaker (1838-1922). This famous quote is known to all MBAs and in our opinion, much like the quote itself, is only half true - the trouble is they don't know which half. In our experience, every penny spent is assured to get you 1:1 Advertising ROI. In that sense, no money is wasted. But the goal is not to get 1:1, but 1:10, or even 1:100 ROI. Therefore, it could be argued that 50% of the money spent gives great ROI and the trouble is we don't know which half. That is the half which is true in the above quote. The pursuit & thrill of the chase to create that elusive viral campaign, that can elevate a brand to success & multi-fold Advertising ROI, is what makes advertising glamourous. It gives a similar feeling of elation that one gets from giving a hit film and is just as rare. It is what draws many to the industry. The eco...