When embarking on your first foray into commercial co-venture land, you may have learned that a commercial co-venturer has to register in six states. But how much do you know about what that entails? Here’s a primer: (more…)
Posts Tagged: Advertising
We all know that the first ad agency was created by William Taylor in 1786 perhaps to help sell the recently invented threshing machine to those farmers sick and tired of separating
Recently, ad agencies have come under fire for a number of reasons:
Days ago, Uber sued its ad agency for fraud which involved ads placed on Breitbart News, which for some reason Uber wanted taken down. Uber also claimed that the agency squandered tens of millions of dollars on “nonviewable” mobile ads – ads loaded on a website that had to be scrolled down to see. Let’s see how this turns out. (more…)
To use or not to use a popular marketing tool? That is the question. Shakespeare, himself, opted for a popular marketing tool when he cast the famous tragedian, Richard Burbage, for the part of Hamlet. This was probably a good idea, since according to Wikipedia, the play “has been performed many times since the beginning of the 17th century.”
Engage for Good recently posted “Statistics Every Cause Marketer Should Know.” The numbers confirm that cause marketing is big, popular, and works.
What studies also show is that cause marketing works when it is genuine and credible. There is a trust established between the consumer and the brand. An implicit (or explicit) promise from the brand that its intent is to “do good.” But the question for brands now more than ever is how to get the word out, and specifically, would a social media influencer’s influence influence the millennials who you want to influence?
“Nearly 40% of Twitter users say they’ve made a purchase as a direct result of a Tweet from an influencer.” 70% of YouTube subscribers trust influencers’ opinions over celebrities. And according to one study, on average, businesses generate $6.50 for every $1 spent on influencer marketing! (more…)
In case you missed it, here are some notable items from 2016 concerning sweepstakes, contests, and related promotional matters:
Influencers, Native Advertising, and Endorsements
2016 kicked off with reaction to the FTC’s new Native Advertising Rules which seek more transparency in sponsored stories/advertising.
In March, in its first enforcement action, the FTC cracked down on Lord & Taylor for paying “influencers” to attract social media attention to its Paisley Asymmetrical Dress. The FTC issued a number of directives, including making the influencers aware of their participation, and making disclosure of the relationship unavoidable.
In May, the National Advertising Division (NAD), a self-regulatory industry, issued a decision concerning native advertising appearing in People.com under the “Stuff We Love” section. The NAD determined that disclosure of the sponsorship must be made before you get to the stuff page.
In July, the FTC charged Warner Bros. with making inadequate disclosures in videos of influencers playing a new video game. The FTC didn’t like that the sponsorship disclosure was in a collapsed box below the video and needed to be in a place where consumers will find it.
In October, in an effort to comply with the FTC Rule, YouTube introduced a new feature allowing visible text on a video for the first few seconds with the label stating “Includes paid promotion”
The take: Consumers and the FTC don’t particularly like “influencers” or hidden ads, so be conspicuous. (more…)
First, a short history lesson. The term “sweepstakes” dates back to the 15th century in reference to a common game where everyone placed a “stake” and the winner “swept” up all of the stakes when he won.
And how about this – the term “sweepstakes” (or “swoopstake”) was mentioned by no less than William Shakespeare in Hamlet, Act IV, Scene V, verse 142 where Claudias warns Laertes that if he follows through with his threats of revenge, “that, swoopstake, you will draw both friend and foe, winner and loser.”
Turn to the 20th century and marketers began using attractive print ads to promote consumer sweepstakes. Let’s take a walk down memory lane to look at a few interesting ones.
Picture Puzzle Contest (1921) – Or, The More You Buy, The More You Can Win.
In a brazen marketing pitch, the Sponsor makes no bones about the purpose of this Xmas contest: “The object of this picture puzzle game is to get more people acquainted with Minnesota Fountain Pens. … We want you to buy one of our pens for yourself and another one to use as a gift.” True to its word, the Sponsor included in the advertisement a handy chart of “Prizes” which increase “If no pens are purchased”, “If one $5 pen is purchased”, and “If $9 worth [of] pens are purchased.” (NB: It’s a skill contest, so no purchase necessary arguably didn’t apply.) (more…)
Condemnation, Litigation, Regulation, Legislation, Congratulation – Are NFL Ratings Down because of The Daily Fantasy Sports Crackdown?
Sports Illustrated recently had an article listing their experts’ take on why NFL TV ratings are down an overall 11% from last year. Number 7 on their top 10 list was the Daily Fantasy Sports (DFS) bans. Should the past year of condemnation, litigation, regulation and legislation lead to congratulation to aggressive state attorneys general and legislators for this downturn? Perhaps. But to the delight of the NFL (and ESPN, CBS and NBC), most states are now saying “Give Peace A Chance.”
First, DFS were flying under the radar and gradually creating a buzz. Then, DFS exploded last year spurring increased NFL interest and TV viewership. Because of this popularity, many legislatures took an interest and decided they had to investigate this (new) phenomena. A number of state attorneys general issued formal opinions condemning DFS and some filed lawsuits against DFS operators. Now, the dust is starting to clear, and it appears that most states are recognizing that DFS is a form of legal contest. (more…)