Why Mainstream Advertising Creates a Dying Paradox
Paradox goes as follows:
- Company A buys mainstream advertising. Ex. TV advertisement
- Competitors, Companies B & C, must spend extra money on ads to keep up with Company A. This causes an oversaturation of messages to consumers, which decreases effectiveness (and sales).
- In response to decreased effectiveness and decreased sales, Companies A, B, & C spend more on advertising.
- Cycle repeats.
I wonder how companies can spend their advertising budget with a bit more innovativeness and subsequently eliminate this otherwise inevitable paradox.
P.S. Happy 2008.
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on January 2nd, 2008 at 10:49 pm
Companies B and C seem a bit uncreative. If A wants to be wasteful, let them. Paradox solved!