Tuesday 2 August 2011

What Made This The World’s Most Profitable Advertisement?

What Made This The World’s Most Profitable Advertisement?

Strangely enough, the most profitable advertisement ever was not an advertisement as most marketers think of them.

It was a mailing for The Wall Street Journal which ran for 20 odd years without being beaten in tests, producing at least $1.25 billion in subscriptions.

(Why people are too thick to realise that direct mail is advertising I do not know – but that’s another matter).

“Creative” people detest formulae – ignoring the fact that most good stuff is done to a formula – from Mozart’s symphonies to all successful TV series.

In this case the formula was a comparison. Comparisons work for just about anything – good versus evil being the most obvious.

The mailing compared two young men, one successful, one not, explaining that the difference between them was – surprise, surprise – that one read the Journal and the other didn’t.

My former colleague Steve Harrison does a tremendous (and very funny) talk about what is essentially the same subject, where he suggests that all good advertising is just problem/solution. He will be covering this at my EADIM event in October.

“Creative” people seek originality – denounced by Rosser Reeves and after him David Ogilvy as “the most dangerous word in the advertiser’s lexicon.”

The Wall Street Journal mailing was not original. It copied a much earlier one by Bruce Barton about two young man returning from the Civil War. It has itself been copied many times.

Best,
Drayton
www.directmarketingcourse.com

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