It sounds strange, almost silly to suggest, but two words that at first glance appear crucial to good marketing might just be two of the biggest obstacles. I’m talking about the words ‘campaign’ and ‘budget’.
The word ‘campaign’ is often used in my (experiential marketing) space as an aspirational term. “Think about a campaign not a one-off event”, we will tell our clients. And yet, in the more traditional world of advertising, the word ‘campaign’ has become a big part of the problem. Instead of referring to a long-term, strategic effort…a complex attempt to solve a complex problem…the word ‘campaign’ has come to refer to the media a brand can afford to buy.
So a typical description of an up-coming campaign might go…“it’s an eight-week integrated campaign, front-loaded with a prime-time free-to-air blitz, and supported by a strong online focus”. That’s not a campaign, that’s a media buy.
The problem with the word ‘budget’ is more subtle (and arguably more arguable). I get how budgets are necessary when your idea of marketing is making ads and buying media for those ads. But if you agree with me that good marketing today is about solving problems (whether they are problems of awareness, love, loyalty, experience, design, service, culture, or whatever), then it’s hard to see how allocating a ‘budget’ is the right way to go about doing that.
I just don’t see how the right solution can be so tightly disciplined to a dollar figure. By all means, recognize that a problem has a cost attached to it, and therefore the solution must be limited by that financial context. But that’s an argument for recognizing that a problem that’s worth solving for $5m will not be worth solving if it’s going to cost $50m. What it's not is an argument for why a solution that might cost $1m should be rejected in favour of a far less suitable option, simply because the pre-allocated ‘budget’ was $750,000.
This is not an argument for disrespecting clients’ budgets. Instead, it’s an argument for respecting client’s brands, businesses, and objectives. It’s an argument that relies on the simple fact that creative agencies will often see solutions their clients can’t…that’s what they’re paid for. And, as a consequence of that asymmetry of perspective and insight, clients will often allocate funds inefficiently…at times too much, at times too little.
What’s my answer? Stop thinking about time-limited campaigns and dollar-limited budgets. Start thinking more in terms of the problems you have, when they need to be fixed by, and the dollar-value of getting them fixed. Hand those challenges and big-picture parameters over to your agencies. The truly smart ones will come back with truly smart (and dollar-smart) solutions. Far better surely than offering a specific budget and watching your agencies work hard to spend all of your ‘budget’, as fast as they can, in the name of an integrated ‘campaign’.