CPT = CPM = Cost per Mistake
Montag, 28. September 2009The other day I wrote that advertising’s biggest enemy is advertising itself.
Looking at many ads today – if I have the time and desire to do so – I ask myself what the brands behind the ads are trying to tell me. Is there a clear message, a call for action, a suggestion that adds value for me personally? In other words, does it engage and ‘turn me on’? If it does, I will act and follow their suggestion. If it doesn’t, I won’t. Does this sound too simple? Well it is simple, advertising is no rocket science. It was a big mistake to turn advertising into a science over the years, because it meant that advertising often stopped being an art. The negative consequences as regards creativity are well known.
If the brand knows exactly what is to be to achieved with the campaign, the necessary metrics to measure success or failure can be defined accordingly. CPM just says how much it will cost to ‘show’ the ad to one thousand viewers. Cost being an exclusion criteria in the rational world of ‘scientific’ advertising led to CPM being used by many brands as a benchmark to evaluate campaigns.
In today’s world, just showing an ad to as many consumers as possible for a short period of time without initializing a productive interaction means that the brand is not exploiting the full potential of advertising. Relying on CPM to evaluate the ad is therefore a mistake, i.e. CPM = Cost per Mistake