Pablo La Rosa’s Post

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Brand & Marketing Leadership | Strategy, Innovation, Comms | MBA

It's been great so far at the Ehrenberg-Bass Institute's How Brands Grow for Executives sessions in Bordeaux. Yesterday Byron Sharp debunked a lot of common myths in marketing including the popular 60/40 brand vs. performance budget split, which it turns out is not supported by actual data. Sharp was quick to note that marketers should continue to invest in short-term performance marketing up to the point that it stops being profitable to do so. But before you write off your brand team, he warns this activity is only capturing buyers who are "in market" (typically 3-5%). It's akin to investing in physical availability at retail stores without any advertising for your brand or product. To grow marketers must simultaneously build mental availability via advertising not designed for immediate conversion, and this is where brand marketing comes into play. Many agencies try to sell the idea that doing this requires expensive productions and long-format storytelling. Sharp counters that consumer attention is in very short supply and thus great creative concepts can and should be able to work in a matter of seconds, not minutes. For those who haven't read the books you really should. It's time to unlearn many of the outdated practices marketers have been taught, and as Sharp would say, "Stop bleeding our brands." #HowBrandsGrow #Marketing #Brand #Performance #Advertising #Creative

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Dieter O Davila

Senior Marketer with vast Experience building one-billion-dollar brands in FMCG / Digital Marketing / E-commerce Director

2mo

For those who haven't read the books you really dont waste your time ! Byron Sharp never managed a brand in his enterly career

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