Efficiency vs. Effectiveness in Advertising
There is a billboard in Times Square celebrating the 120th anniversary of Tsingtao Beer. It is arguably my best media buy ever. It is certainly the most efficient. But it begs the question: What is a good media buy? Low cost-per-thousand impressions, or CPMs, are certainly important. However, achieving our client's objectives is the ultimate goal. We would rather pay a higher CPM for quality leads than a low CPM that produces nothing. Always try and balance efficiency vs effectiveness in advertising. Unquestionably, CPMs impact return on investment (ROI) and return on ad spend (ROAS). But choosing the correct media [...]

