Is advertising failing Australian brands?
With the rise of adblockers, there has been an industry debate on whether advertising has been helping brands or not. In a research done by Grey Group Australia it was found that about 79 per cent of Australians say there is too much advertising. About 78 per cent feel that advertising is forgettable and nearly three-quarter (73 per cent) say advertising cannot be trusted.
The research done in partnership with Zing Insights examines the changing influence marketers and their communications have on people.
The national study found that brands are suffering as marketers struggle to adapt to the changing media landscape.
But on the bright side, brands are even more important today than ever before. About 73 per cent of Australians who think brands are important as they help them make judgments about quality. But more than half of Australians (53 per cent) are not loyal to any brand; whilst 40 per cent feel brands are all similar, and cannot be trusted.
Danish Chan, National Planning Director at Grey Group Australia, said, “Technology has changed the way Australians consume media and run their lives. Continuously connected and always-on, Australians may be easier to reach but are tougher to influence.”
The ‘Eye On Australia: Helping Australians Fall Back in Love With Brands’ research found three opportunities for marketers to influence the decision-making process again. Everything from new ways to tell stories to shining a light on the power of social proof to the growing trend of ‘branding as service’.
Mr Chan said, “Advertising doesn’t work the way it used to. It can still be an engine of influence – but it needs to adapt.”
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