Advertising wear out is a myth. And a costly one at that.
Thanks to data from Kantar, System1 and Analytic Partners it turns out that ad wear out is a complete and total myth. In a study of 51,232 ads retired by marketers for new work, only 14 showed any signs of wear out.
THIS is absolutely Stunning.
It means the +/- 30% of marketing budgets spent on creating new ads is a waste of money. What’s more, it could be costing marketers much more than that. Replacing old ads that work with new ones that don’t work as well can have a big negative impact on revenue. Remember Dos Equis’ “Most Interesting Man In The World” campaign? It catapulted the beer to superstardom and tripled sales between 2006 – 2016. When they retired the character and tried to replace him with a younger actor, sales tanked and continue to do so.
a few more things the study revealed:
Ads that don’t perform well will not perform better over time. Bad ads will just continue to be bad ads.
Ads that perform well will continue to perform well – theoretically forever. For example, the “How Many Licks Does It Take To Get To The Center Of A Tootsie Pop?” commercial has been running in its original form with no changes for over 50 years with absolutely no wear out in performance at all.
Ads for specific events – say a concert, political rally or sporting event – will not be as effective if it runs after the event. Duh.
Some implications:
You will grow tired of your ads before your customers do.
Your agency will try to pressure you to make new ads before you need to. (That’s one of the biggest ways we make money.)
What you should do:
• Be very patient. It takes the average ad at least 3 months to “wear in” and sometimes over a year to maximize effectiveness.
• Keep running ads that work. If you’re a new CMO, don’t stop running old ads that are proven to be effective.
• Only create new ads when you need to:
• Replace ads that don’t work
• Demonstrate a new benefit
• Connect with a completely new audience (Be cautious here. Don’t repeat Bud Light’s mistake. Make sure the work you create for the new audience you want to reach doesn’t alienate your current audience.)
• Dust off those old ads that worked and run them again. (Why invest in a new unproven idea, when you have a proven one ready to go?)
• Put the money you save on producing new ads back into media and buy more reach.
• If you’re ads stink, work with an agency like Immortology. We create ads that will earn you an unfair share of attention, memorability and profits – forever. We don’t call ourselves Immortolgy for nothing.