| ▲ | 3eb7988a1663 7 hours ago | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
There is the cache for everyone involved in creating the commercial. So, nice feather in the cap for the hundreds of people who get to touch it. I have no doubt advertising has some effect on consumer preferences. However, I am a skeptic that one more Coke Cola ad aired at the Super Bowl meaningfully changes sales relative to the billions they already spend elsewhere. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | anonymous908213 6 hours ago | parent | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> I am a skeptic that one more Coke Cola ad aired at the Super Bowl meaningfully changes sales It actually might. Coca Cola had $48b revenue last year, or in other words, 4800 millions. Spending 7 of those millions to put your product in front of 100 million people seems like a reasonable bet. If even a couple percent of those people are (sub)consciously influenced to pick up a 12-pack the next time they stop by a store when they might otherwise not have, it would likely be a profitable endeavour given the profit margins on their sugar water. I think there's also a longer-term status play at stake. If only one of Coca Cola or Pepsi engaged in flashy advertising to this degree, it might give them a slight edge in status perception. In the long term, even an 0.1% shift in consumer preferences between Coca Cola or Pepsi would shift significantly more than 7 million in value. So if one of them engages in this, the other is obliged to follow, in a classic prisoner's dilemma. At any rate, given that 4800 millions in annual revenue translates to 13 million in sales per day, the number paid for that advertisement is a rounding error and doesn't have to move the needle very much at all to be successful. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▲ | xnx 2 hours ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> It's promoted on social media. Résumé-driven marketing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||