Why P&G proves that precision-targeted advertising is a mess
For years now I have been spouting off about the wrong-headedness of online ‘precision targeting’ versus mass media. Big brands need big reach, not the diminishing returns of finer and finer targeting. Facebook needs to forget about ‘precision targeting’. It's just not working. Rather, they need to sell reach. One of the great benefits of the mass media is that it lacks precision targeting. It reaches all the users in your category, including the users of your competitor's brand. Have you ever wondered how McDonald's, Coca-Cola, Nike, Toyota and Apple, and all the other enormous worldwide brands became successful? For one thing, these brands were sloppy; they had to be. They didn't have big data or ‘precision targeting’. They couldn't punch a key and immediately identify ‘left-handed Anglican drycleaners who rode tokunbo cars’. So they had to use the mass media and talk to ‘everyone’. Not only did they not suffer for it, they prosper...