Here’s a short video log I recorded yesterday as I got to thinking about how we as humans tend to separate into groups and sub-groups and identify with them. We form separate cultures and sub-cultures and nowadays, we want to stand apart from what we see as the commercialism and consumerism of modern society. 

And yet, when we do that, we actually make it easier for advertisers to target us, because instead of making general ads for general products, they get to make very targeted ads for products specifically tailored to particular groups. So the effort to escape consumerism then becomes a moot point. 

People think this is a bad thing for some reason. But I say it’s a good thing. I don’t think there has ever been a time in the history of mankind when products tailored for specific uses could make it to market faster than nowadays. Sure, you have to sort through the crap, and there’s a lot of it, but there’s some really good stuff out there, made just for your needs. 

I also touch on the idea of money as currency and the inherent benefit of being able to convert skills or objects into such a portable currency that you can take pretty much anywhere and exchange it for what you need. Some people say we don’t need money, that we can trade directly, service to service, product for product, etc., but I sa that only goes so far. It’s so much more limited than money, particularly when you hold a very portable currency like the dollar, the pound or the euro. 

Yes, I’m still in bed, so please excuse my disheveled appearance. 

Thoughts

Have a look at the infographic below for some sobering facts about pharmaceutical companies in the US. Here are a few snippets:

  • The cost of prescription drugs rises 12% every year; they now cost 3x more than 30 years ago.
  • The markup on prescription drugs varies from 5,000% to 225,000%! That’s pure profit these companies make on every pill they sell.
  • Big Pharma spends over $20 billion per year on advertising for their drugs.

Pharmaceutical Companies

Stats about pharmaceutical companies

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Thoughts

Changes in TV viewing habits

The BBC reported recently on how TV viewing is becoming a more social experience. When I read through that article, I said, hang on a minute, I had an idea back in October of 2005 along the same lines… I called it audience-inclusive advertising, but the thoughts I wrote in there can be applied to other content on TV, like shows, which is what’s currently happening.

It’s fun to read through my original article and see how much of the stuff has already come to fruition. Here’s one:

A site can be set up and maintained by a consortium of advertising agencies and brand owners or a neutral body, that would either track viewer product preferences through data mining and random surveys, or would actively encourage users to register and provide product preferences. Alternately, existing user data could be compiled from various databases.

Now we have Facebook and Twitter, and advertisers love to mine their data sets for user product preferences, to give them surveys (think of all the annoying quizzes on Facebook), and collect data on them every time an app is authorized. So this has already happened.

Through the medium of the website, brand owners can also take a cue from the users about the kind of products they need to advertise, this time in a more direct way, through hard data. Even more, they can more easily survey the users about the kind of new products they want to see.

Think of all the fan pages set up on Facebook by companies and brands. You can become a fan, learn more about the company, and be surveyed, live, about your preferences. Beautiful.

Another way to keep the audience is to offer prizes for watching the ads and picking through clues that are weaved through both the ads and the shows. Entries can then be registered on the show’s site or at this main site for a chance to win something, perhaps even products featured on the show, or something as banal as an actor’s coat, or the actual bottle of perfume used by an actress on the show. These aren’t things that cost much but mean a lot to the audience.

Do you notice how many product giveaways there are on Facebook and Twitter? Companies are giving away not just stuff that doesn’t cost a lot, like an actor’s wardrobe, but they’re giving fans cars, computers, cameras, TVs and other things that cost a fair bit of money. And it’s all done for the purpose of keeping users (fans, if you will) tuned into the company’s platform and brand.

It’s also fun to see what stuff didn’t get implemented (yet?), but I’ll let you do that by reading through my original article.

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Thoughts

1978 ad for Hagoromo Foods, spoofing Star Wars

1978 ad for Hagoromo Foods, spoofing Star Wars. Goofy, silly, weird and fun. Looks to be an ad for what they call “sea chicken“, which I’m guessing is tuna.

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Thoughts

Tightrope walker ad for The Economist

Brilliant ad for The Economist magazine, featuring a tightrope walker that begins his ascent from the sidewalk, and, by walking across interconnecting red ropes, reaches a place high above the city. The tagline is “Let your mind wander.” All I can say is it’s wonderfully done. Does anyone know who the rope walker is?


The Economist Red Wires ad

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