Joe Pulizzi and Robert Rose’s Killing Marketing, proposes interesting concepts and ideas on the future of marketing strategies and the abandonment of traditional ones. The author’s ask readers a few questions in the book, primarily regarding the accuracy of what we know about marketing today. The book opens with a very aggressive and thought-provoking question “What if everything we know to be true about marketing is actually what’s holding back our business?” and goes on to argue that perhaps we begin to kill the marketing we know in effort to develop a new one. Throughout the book, both Rose and Pulizzi offer various different marketing strategies that all attempt to achieve a very distinct change in the function and outcomes of marketing today. According to both Rose and Pulizzi, marketing as it exists today is flawed and costly. They argue that, if the current form of marketing were to be “killed,” a new reward of marketing is born, inherent profit.
The concept behind the Killing Marketing was incredibly thought provoking and despite the title, it has very little to do with killing marketing but rather restructuring and rebuilding it in a better way. The purpose of marketing has not changed, and according to Rose the purpose is “as Peter Drucker said 60 years ago, ‘to create and keep a customer.’” Rather than the purpose, it is a change in the function of marketing and how it works that Killing Marketing attempts to argue. Rose and Pulizzi offer various strategies that all work to remove marketing from the cost side of financials and instead develop marketing into profit centers by both drawing in customers and establishing the value of their product while simultaneously creating individual value for the customer in the marketing itself. They argue that marketing today and its ROI-driven evaluation is not an accurate representation of the returns of marketing. The authors support this point with an anecdote about a company that saw 650% growth despite all of their individual marketing campaigns showing as failing to make a return on the investment or cost of the campaign. This leads them to the conclusion that success in marketing cannot be measured individually but rather as a whole and how the cost can provide benefit for the money spent despite campaigns lacking individual success.
The book continues on to discuss the benefits of various strategies that are more conducive to the marketing environment today, strategies that increase a new metric “Return on Audience.” In effort to maximize this return a firm must please said audience by building their competency, campaign value, customer value, and cash returns. By building a smarter company, running more engaging and personal campaigns, and increasing customer value through means such as data acquisition, it opens the opportunity to work on perhaps the most novel return, cash, recently possible due to mass developments in content marketing. This is well supported with various examples such as Nike creating “more valuable customers” by collecting data from 28 million active app users and using it not to aggressively market existing products but to develop products that suit their needs and make them more likely to remain loyal to the brand and purchase more merchandise. The concepts of building a smarter or more competent company and maximizing campaign value are very easily supported by the authors’ example of Schneider Electric’s e-learning resource. The company made this resource available in 12 languages and got it endorsed by multiple organizations leading them to a wide userbase that offers an immense amount of data about consumers. The remaining possible return is one that has only developed recently. The concept of cash as a return on costs of marketing is one very unique to the modern era, it is only with the emergence of company’s as early as salesforce or as massive and modern like Red Bull and their media house profit center.
The concept of cash as a potential return on the cost of advertising is not completely new, but the accessibility to it has grown immensely in the modern era. For example, the authors bring up an early indicator of the new trend discussing George Lucas, who took merchandising rights in exchange for the Star Wars film rights, a decision looked upon as quite foolish when it was made. However, Lucas was one of the first to see the cash value behind marketing and the merchandise sales that came as a result of the inherent advertisement that came from the production of the movies. This is then connected to the general concept of how to propel ones marketing strategy into a profit-based marketing method. The films served both as advertisements but they also had inherent value for the consumer, allowing profits to be seen both in what was “advertised” and the advertising process itself. This paved the way for future ventures like the aforementioned Red Bull Media House, which is now referred to as the Red Bull model. In the simplest of terms, Pulizzi and Rose establish a basis with these various examples that assert that “as [companies] focus on creating valuable and engaging content,” the model of marketing as a profit center becomes entirely achievable. The most important development making this a possibility? According to Killing Marketing, this is in an immense part due to recent democratization of media distribution.
In the modern social media era Rose and Pulizzi both acknowledge the accessibility both for users to push content they agree with as well as for users to encounter content tailored towards what they wish to see. In today’s age, nearly anyone can publish information and market products and services and the like on social media. One must be quick to clarify that this does not mean that marketing has become entirely democratized, as the skill behind the creation of content still plays a large role in the success of campaigns, however, the distribution of this content has moved to be almost entirely decentralized by a majority of people. It is with proper utilization of this freedom and the creation of quality content with inherent consumer value that enables marketing to no longer be considered a cost, but rather as a source of revenue when properly strategized.
This book intrigued me both in the various aforementioned ideas and examples but also in the general concept itself. Poluzzi and Rose began the book with the goal of proving that what we know as marketing today should be “killed” in favor of moving to new methods to create profitability not solely due to the results of marketing campaigns, but also to profit from the campaign itself. Traditionally, marketing would be a cost with no return on the project itself but rather a return in the form of increased sales for that which has been marketed. Through the use of various different potential methods and examples of those who have capitalized on said methods, Rose and Poluzzi successfully prove that marketing today is not functioning to its optimal ability. This entire concept was incredibly intriguing as the idea of profit center marketing is one that seemed incredibly foreign, as advertising almost always seems to be a form of “investment” that is meant to pay out at the point of sale. Killing Marketing was a riveting book to read that I could not suggest more to those interested in learning many methods to maximize the profitability of their business and steer the goals of their marketing further towards creating value for the customer in order to receive value in the form of revenue in return.