Posts tagged: online advertising

Neuro-Marketing through FMRI and NAcc

By , May 30, 2013 10:47 am

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It’s a brave new world we are seeing and must work within. As an evolving story, we have to consider how online advertising will be affecting the consumer’s brain? Neuro-marketing research is already investigating the effect online neuro-marketing will have on our brains in the current and evolving Internet/PDA world.

As we have recently discussed in a previous blog, researchers have learned that when the consumer first receives a message, it hits a section of the brain called the Nucleus Accumbens (NAcc). This is the reward/punishment, pleasure/pain “headquarters” of the brain. By evaluating the amount of activity in such demarcated brain areas, the prefrontal cortex and the insula, neuro-marketing’s use of FMRI (Functional Magnetic Resonance Imaging) is working on a process to foresee how a consumer makes shopping decisions. For example, if the NAcc indicates a positive desire response from a brand message over a more negative doubt response –“Should I be spending money?” then the pre-frontal cortex could believe that it is getting a great deal and making a wise choice (such as better prices, bonuses, and other personal satisfactions).

NeuroMarketing

Drawing by Art Winters

Neuro-marketers are seeing the possibilities of using FMRI to examine and better understand the workings of consumers’ brains.
With this new knowledge they hope to develop new ways to initiate and stimulate consumer wants and needs. Don’t forget that it has always been marketing’s purpose to stimulate the consumer’s cravings and increase AIDA: attention, interest, desire and action.

If this concept makes you feel queasy, what kind of debate might occur if companies/brands have more invasive ways to communicate to and influence consumers in how to respond to a brand’s image, its brand story, and its brand positioning for superiority???

What kind of society will develop if this becomes the normal practice rather than a seemingly science fiction prediction?

OMG – What’s Next??? We may not be LOL’ing for long…….

 

Arthur & Peggy Winters co-teach SXB 200 Brand Marketing Communications for Image & Meaning and SXR 050 Intro to Branding: The Art of Customer Bonding.

GOOGLE MAKES MAD MEN, SAD MEN

By , February 28, 2013 9:54 am

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Print Media Commissions are not in Mad Men Visions

GOOGLE MAKES MAD MEN, SAD MEN

drawing by Art Winters

In 2012, Google billed over 20 billion in advertising dollars.  This was more than the total of all U.S. print media.  What a contrast to what magazines and newspapers sold just five years ago!  In 2006, print media sold 60 billion dollars more in advertising than did Google!  How will this change brand marketing?  This isn’t your Mad Men’s day of advertising. (“Mad Men” is AMC’s TV show based on Madison Avenue’s advertising business and people in the early 60’s.)

So what does this mean for brand management performed by many of today’s advertising agencies?  Well, they had better get their act together.  They need to deliver branding power that can compete or at least do co-branding with the Googles, E-Bays, Amazon.coms, and many others, which will keep coming down the Internet superhighway.

The big question is how much of a threat is online advertising?  Is it delivering the ROI experienced through print media advertising?  It’s vital to realize that Google, just 14 years old, is now taking in more ad revenue than print media, which has been here for over 100 years!

However, it must be accounted that Google has a global operation, so this can’t be simply analyzed.  It must also be analytically figured that Google has seen a 15% decrease in ad Cost-Per-Click, CPC (the average fee that advertisers are charged for each clicked on ad) in 2012.  But now, Google’s CPC drop has slowed and perhaps turned the corner in January, as their CPC share increased due to click share on tablet devices. As more people are watching content across a variety of their mobile devices, Google has decided to pull out of its 5-year effort to build its TV Ads product.  Since 2009, they have shut down similar services for print and radio advertising.

Google is concentrating on beating Facebook in the sale of online display ads.  (Online display ads feature the advertiser’s content message on a destination website, usually in a box on the top or side of the page.)  The company is planning to lead web-search ads and online display ads that feature graphics, interactive communications and videos.

Google’s significant increase in display ads that concentrate on brand content is evidence that they have ambitious brand marketing goals.  Now Google is building and developing plans for their advertisers to more efficiently buy across a multitude of sites.

This is not only an important story for the online aspects of our businesses; it is also a good brand invention and reinvention story to watch in real time. 

Where has Google been and where is it going – stay tuned… the next generation of Mad Men is in the digital works….

Arthur & Peggy Winters co-teach SXB 200 Brand Marketing Communications for Image & Meaning and SXR 050 Intro to Branding: The Art of Customer Bonding.

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