Squeezing Nickels Pinching Pennies

from New York Times: Clients, facing relentless competition and consolidation in categories like automobiles, fast food and telecommunications, are anxiously squeezing every nickel of waste from their ad budgets.
“In the 80’s, we used to fight with clients over creative. In the 90’s, it was about strategy. Now, it’s only about money,” said Jonathan Bond, co-chairman of Kirshenbaum Bond & Partners in New York.
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So in a trend-conscious industry, economizing is the new black. For instance, when Kirshenbaum Bond recently filmed a commercial for the Liberty Mutual Insurance Company, retelling the tale of the Trojan horse, “instead of building a massive set, we used miniatures,” said Rob Feakins, vice chairman and executive creative director.
That saved about $150,000, or about 10 percent of the budget for the commercial, he estimated.

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About David Burn

I wrote my first ad for a political candidate when I was 17 years old. She won her race and I felt the seductive power of advertising for the first time. Today—after working for seven agencies in five states—I am head of brand strategy and creative at Bonehook in Portland, Oregon.