4.8 • 1.9K Ratings
🗓️ 28 September 2022
⏱️ 25 minutes
🧾️ Download transcript
Akimbo is a weekly podcast created by Seth Godin. He's the bestselling author of 20 books and a long-time entrepreneur, freelancer and teacher.
You can find out more about Seth by reading his daily blog at seths.blog and about the podcast at akimbo.link.
To submit a question and to see the show notes, please visit akimbo.link and press the appropriate button.
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0:00.0 | our culture and our lives are run by media. We spend more time looking at media, engaging in media, |
0:08.7 | talking about media than ever before. But it's essential to understand that someone's got to |
0:16.0 | pay for all that media. And there are basically three choices. One, we can pay for it. The user can |
0:23.6 | buy a book or a movie ticket. Two, we can pay for it when we buy something inside the medium, |
0:31.2 | like eBay, or three, most of all, most of the time. An advertiser can pay for the media. And we do |
0:39.6 | ourselves a disservice if we pretend that what advertisers want doesn't matter. Hey, it's Ajay. |
0:47.6 | And this is a special archive episode of the Kimbo. |
0:55.4 | I've been playing with media my entire career and selling ads for most of it. |
1:01.4 | Selling ads is really seductive because it separates the people you are dancing for, |
1:06.8 | the people you are seeking to change, the people you are trying to impact from the people who |
1:12.8 | are paying for it. What that means is if you can find a happy advertiser, a sponsor, somebody who's |
1:19.2 | willing to show up and pay the bills, you can then turn around and create the work that you'd like |
1:26.9 | to create for the people you want to create it for. Unfortunately, this siren song of advertising |
1:33.2 | usually leads to people with good intentions either not finding an advertiser because they don't |
1:40.0 | understand what advertisers want or perhaps even worse, finding an advertiser who wants something they |
1:46.9 | don't want and creating a product or service that they're not proud of. So yeah, sometimes it can |
1:53.8 | work great when you find a generous, patient sponsor who lets you make the work you want to make, |
2:00.8 | you've created yet another building block of our culture. But often it leads to things like the |
2:07.5 | Facebook scandal. This is a short podcast about how that came to be and why it matters. |
2:15.3 | There are two kinds of advertising, brand marketing and direct marketing. And until very recently, |
2:22.2 | almost all advertising was brand marketing. Brand marketing, the John Wanamaker rule is, |
2:29.3 | I know that half my ads don't work, I just don't know which half. Brand marketing is the idea that |
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