- $500 billion dollars are being spent on ads, more than half of that in the US
- On an average day, The Average American consumes:
- 6 hours of Television
- 2.5 hours of Radio
- 31 minutes of Internet
- United States is 6% of world’s population, and generates 60% of the world’s ads.
- The eye travels across a page at a speed of 100 miles per hour.
Advertising is plagued by HKM – “Homogenized Kodak Moments”. Campaigns across industries look the same and nothing stands out anymore. Marketers need to do a better job turning TV and radio into direct response vehicles. Consumers will go to websites and offer information about themselves (for free) if they’re compelled by advertising.
Source: “How to Enter the Golden Age of Agency/Client Relationships.” Steve Cone, Former Managing Director and Head of Advertising and Brand Management, Citigroup Global Wealth Management. ANA Agency/Client Forum, 07/19/07.