Business
Stop Paying For Traditional Advertising
Published
6 years agoon
Everyday I come across companies that are spending tons of money on advertising that is yielding them subpar results. This then makes them believe that advertising does not work. What’s the problem with their strategy? They are using traditional advertising in places where their consumers’ attention is not.
The shift towards digital consumption has significantly grown over the last few years, where most things can now be done on the Internet. Most of our social interactions and the way we consume content is largely taking place through mobile devices as a result of convenience and flexibility. The answer to many of our problems can now be resolved at the touch of a button. Catching up with friends, shopping, binge-watching a TV series, reading the news, or learning a new skill can all be done through mobile device and social apps. Companies that have not innovated themselves to a digital platform are being eliminated by those that have. Of course, not everyone has adopted these mediums as their go-to, some people still rather get their news from a newspaper, or catch up with an old friend at a coffee shop.
However, it is evident that our attention is leaving traditional mediums and continues to shift to the new digital space. So my question to you: if we are spending so much of our time in this digital space, why are we still trying to build businesses and sell products in the old traditional world? Why are big corporations spending their large marketing budgets on expensive traditional advertising when they can be spending a fraction of the price to advertise where our attention is? Not only does the digital world have our attention, but it is cheaper to advertise on, you can directly target your audience, and we receive insightful data that cannot be obtained through traditional forms of advertising. I will really be focusing on Facebook Ads because that is where you can currently find good value right now.
ATTENTION
When it comes down to it, marketing and advertising is about communicating a message to your target audience in the most effective and efficient way possible. It’s all about finding where your consumers are spending most of their time and figuring out how to position yourself in that space.
Billboards are meant to grab the attention of the bored passenger who is staring aimlessly out of the car window and to get glances from the driver. However, this was created when our attention was in the traditional world and before this digital space existed. Today, we have mobile devices that connect us directly to the digital world whenever and wherever. We are no longer bored staring out of car windows, we are on our phones.
Even TV commercials have become less effective than they used to be due to the digital world. We have the ability to stream shows and movies online with no commercial breaks, or we can record television programs that we are interested in seeing to watch at a later time. Much like the billboard, TV commercials were designed when this digital space was non-existent and the only way to ‘skip’ through advertising was by changing the channel. We are no longer consuming television in the traditional scheduled way. Instead of having to pay attention to that commercial we can skip through it (if it’s recorded), we can change the channel, or we can turn to our devices to distract us.
It has become so easy for individuals to be absorbed by their mobile devices whether at home or on-the-go. While this distracts many from traditional advertising, it opens up a whole other realm that holds strong potential when one’s attention is primarily shifted to the digital space. Not only does it allow for a sense of immediate connection, such as real-time conversations on social media during a live award show or sports game, but it is a space that holds opportunity for companies to target users at the right moment.
TARGETING
Digital takes targeting the right audience to an extreme. Unlike traditional methods of print and TV advertising, Facebook, for example, gives companies the upper hand in narrowing down where advertisements will be seen. You have the option to define your audience through key demographics like age and location, or through interests, likes, and/or groups they are part of. With Facebook Ads, you have the ability to showcase your ads to valuable consumers, target those who are interested in your competitors, and even those that work at Company X. This is killer for B2B! If you have a B2B company and know exactly which companies would benefit from your product/service, you have the option to run ads against the employees of that company. There is even the advantage of having creatives positioned differently for Company A and Company B, a strategy that can be worthwhile if done correctly.
One trick that I like to do is that if I know I am going into a meeting with said company, I will run ads against them so that they will become aware of our company and what we provide for our clients. By doing this, I am attempting to sell my services before I step into that meeting and I hope they walk into it already knowing they want to work with me.
PRICING
If you are paying for traditional advertising, you are most likely OVERSPENDING. While these forms of advertising are losing consumer attention, the prices do not reflect that. Digital is a great place to advertise because there does not necessarily have to be an excessive amount of overhead costs like with print and billboards that will cost you material and labour.
One number that I find absolutely insane and a great way to gauge ad value is through CPM (cost per thousand impressions). To advertise on TV you will find yourself paying approximately $25-$30 CPM, while a good chance of that can be saved with Facebook Ads ($5-$10 CPM).
For about one-third of the price, the same audience size can be reached with a more targeted approach. It is important to take advantage of these low costs on Facebook while they last and have your advertising budget used to the best of its potential.
CONVERSIONS + ANALYTICS
Traditional advertising is measured through audience measurement systems and is not as in-depth as digital advertising. Traditional efforts focus on brand awareness with a possible call-to-action, while digital ads have the ability to make better conversions due to convenience. With the click of a button you can send consumers to a product on your website or to sign up for an upcoming event. This allows consumers to remain connected with your company almost instantly.
The insights provided by Facebook Ads allows for user interactions towards advertisements to be tracked (based on the specific CTA being measured, e.g. downloads, signups, purchases). While traditional methods provide you with statistics on average viewership of particular content, Facebook Ads only charge you for what you receive. If your ad is viewed 1,000,000 times, you pay for 1,000,000 impressions, whereas on traditional if a magazine on average sells 100,000 magazines, you pay for that even when this issue only sells 39,000 copies. The same goes with analytics retrieved from video ads. Video analytics provide you with concrete and valuable data that can show where your viewers drop off (such as in the first 3 seconds), giving you the opportunity to address the problem at hand. You have the ability to test your ads for relatively cheap and can identify what needs to be fixed. Don’t blow your budget on something that may not produce quantifiable results.
SOCIAL MEDIA
Advertising campaigns done through social media connects the audience to a brand’s page. You not only get to capture attention from your target audience, but, if done properly, this will turn them into loyal followers. It’s harder for traditional methods to directly and easily convert consumers into followers and retain that same audience in the long run. By using digital, advertising to a target audience is more than getting your company’s name or product at the surface. The next step relies on the company’s responsibility to provide valuable and informational content on their socials to keep their followers interested and establish a meaningful connection.
Having a strong social media presence alongside digital ads gives your company a more reputable presence. Customers or potential customers choose to follow you on your socials where it is not forced or expected. Instead, these customers see the value in your brand/company and make the decision to reach out to you (even if that reaching out is a simple like, share, or comment). This kind of engagement is crucial in building sentiment surrounding your brand in the digital world.
Don’t get comfortable doing things simply because they worked in the past or because they are considered safe. I want you to be able to recognize overpricing and attention shifts so that you will be able to identify the next best place to advertise and not get stuck in the “old ways”. One day, our attention will start to shift away from digital and I’m sure there will still be people paying to advertise there. Always look to the future and play the long game.
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Content Creation 101: How To Create, Distribute, And Monetize Your Content
We’ve all seen it before: the tale of the gauzy self-made business entrepreneur swept into fame and wealth, touting a name for themselves, only for it all to come crashing down suddenly. In their joyride, the protagonist figure realizes that beneath the world of dizzy glitters, there’s a saddened space of existence reality awaiting, of gaping shadows where life isn’t as pleasing as it seems to be.
Experiencing poverty is, without a doubt, a challenging feat in itself. Being born into it, experiencing success, fame, then losing it all and falling back into poverty is what must be especially difficult. Where the majority see this cliche in fiction or television, some are unfortunate enough to experience it firsthand.
This is the story of Wally Amos, of the Famous Amos fame.
Who is “Famous” Amos?
When it comes to feelings about Famous Amos, I imagine people typically fall into one of three groups:
The first group—being made up of mostly young people (probably; I’ve no data)— has zero knowledge of the brand at all. If the name doesn’t conjure visions of second-rate vending machine options (D4 at best), then you’re likely in this group.
The second group knows of Famous Amos and is familiar with its underwhelming status as a dollar store checkout counter snack food. Reasonable.
But the third group has a different view of the matter. A much more romantic take on the treat. Because this group remembers Famous Amos as a mouthwatering gourmet delicacy. A top-shelf cookie purveyor with an outspoken, charismatic owner in Wally Amos.
Why such a harsh disparity? How can a company less than 50 years old have such contradicting reputations among different generations?
There was a time, just a few decades ago, when Amos was a household name. A successful brand with big-name celebrity investors, upscale distribution, and a first-year total sales revenue of $300,000.
But by the mid-80s, the brand was hemorrhaging money. Amos would lose his house and eventually sell a majority stake of the company. Many people were left to wonder: How did one of the most successful snack companies of the last decade so quickly decay into financial shambles?
How did Amos find himself on the butt-end of a bad break?
These are interesting questions, and sure to be answered. But first, it’s worth understanding Famous Amos’ rise to popularity, understanding what made this gourmet cookie company so successful, so, well— I’m not gonna say it, I am not going to—famous.
Wally Amos’ Rise to Fame
Wally Amos came from a classically humble upbringing, born in 1936 in Tallahassee, Florida, to poor, illiterate parents. At age 12, he moved to New York to live with his Aunt Della. It was here that he learned of the famous recipe. (More on this in a bit.)
Amos, who dropped out of high school, would receive his G.E.D. after joining the Air Force. Returning to New York as a mature, educated man, he found work in the William Morris Agency, a Hollywood-based talent agency once considered “the best in show business.”
He began in the mailroom, eventually working his way up to becoming the first black talent agent in the entertainment industry.
This was more than just a side-quest for an aspiring baker; Amos now headed the rock’n’roll department at William Morris, where he signed Simon and Garfunkel and worked with Motown legends like Diana Ross, Sam Cooke, and Dionne Warwick.
It was only after growing disillusioned with the industry that Amos sought refuge in his aunt’s baking once more.
Wally’s son, Shawn Amos, said:
“Cookies were a hobby to relieve stress.”
It wasn’t long before the cookies took the main stage.
Amos told The New York Times in 1975:
“I’d go to meetings with the record company or movie people and bring along some cookies, and pretty soon everybody was asking for them.”
Amos’s connection with the entertainment business helped his business aspirations tremendously. He received significant contributions from industry stars Marvin Gaye and Helen Reddy, who gave Amos $25,000 for his new venture.
In 1975, Amos launched his first brick-and-mortar location. 7181 Sunset Blvd. in Los Angeles.
And it was a big deal. The grand opening was a star-studded gala attended by 1,500 people.
Success was sudden. After selling $300,000 worth of cookies in its first year, the brand continued to climb in popularity. By 1982, Famous Amos was making $12 million in yearly revenue.
Famous Amos’s success was the result of exploiting a hole in the market. In the mid-70s, the grocery store shelves were loaded with preservative-dependent snack options. Amos carved out a lucrative niche by marketing the product as a gourmet, zero-preservative, craft-made cookie. A risk well rewarded.
From “What’s Going On?” to “What’s Going On???”
With any great market advancement, a plethora of eager competitors emerge. And shortly after arriving on the scene, Famous Amos was met with rival brands like Mrs. Fields, and new, upmarket product lines from Nabisco and Duncan Hines.
Combining these market competitors and Amos’s inability to keep up with his success led to the first cracks in the business. By 1985, Famous Amos reported a $300,000 loss on sales of $10 million.
Later that year, Amos officially gave up the reigns of his company, selling a majority stake to Bass Brothers Enterprises for $1.1 million.
Two years later, the new owners upended the recipe entirely, adding preservatives and shelf-stable ingredients. Famous Amos was rebranding as an affordable brand. It wasn’t entirely unexpected; such mission-statement-defying practices are common for newly bought companies, but the decision prompted original owner Wally Amos to depart.
In 1992, President Baking Company bought Famous Amos for $61 million—more than 55 times what Wally Amos sold his controlling stake for just a few years earlier.
Amos wasn’t through with the cookie business, however. Later in 1992, he launched his new venture…
And was promptly sued.
Turns out: the latest Amos product— Wally Amos Presents Hazelnut Cookies— stood in direct violation of the contract he had signed years prior when selling his first business. The one that expressly prohibited Amos from using his own name and likeness in the selling of any product.
Undeterred, he changed the name of his company, operating instead as Uncle Nonamé. Boldness had treated him well in the past— and I think it’s an undeniably ballsy way to approach being sued over your own identity— but the market operates in mysterious ways. In 1996, Uncle Nonamé filed for bankruptcy.
What Became of Wally Amos?
By 1999, Amos was in talks with Keebler, the new owner of Famous Amos. An agreement had been reached: Wally Amos would become a paid spokesperson for the brand under the condition that they craft the recipe closer to the original.
And it feels like a solid ending to the story. The sweet embrace of a father and son after a long, arduous journey, complete with lawsuits, bankruptcies, and foreclosure. Ending up together would be fitting— if a bit too good to be true.
“It was bittersweet,”
says his son, Shawn Amos.
“He was happy to be back in the center of the brand he started, but he also had a hard time accepting the fact that at the end of the day, he was just a paid spokesperson.”
The feeling of being alienated from one’s own brainchild eventually led to a short-lived reunion between Amos and the brand that bears his name.
After leaving once and for all, Amos pivoted to making muffins with Uncle Wally’s Muffin Co., opening a bake shop in Hawai’i.
Amos wrote multiple books about his experience over the years, including Power In You, Man With No Name: Turn Lemons into Lemonade, and The Famous Amos Story: The Face That Launched 1,000 Chips. He has also been a vigorous advocate for literacy and was granted a National Literacy Honors Award by President George H.W. Bush.
At age 80, Amos appeared on the hit television show, Shark Tank, pitching another new business, “The Cookie Kahuna”. The business ultimately failed.
In 2017, he launched a GoFundMe, announcing he was struggling to pay for food, gas, and rent.
No longer famous, Wally Amos continues on with his baking and entrepreneurial spirit. His life is a statement of hard work and resilience, but also a cautionary tale about success, hubris, and the risks we make along the way.
Business
What’s an MLM? How Does It Work and Why Is It Controversial?
Published
4 hours agoon
May 22, 2025Browsing Reddit has become a recent pastime because of a few hilarious and scandalous stories about people promoting MLMs. Then, going through YouTube offered me the same thing: the rise of terrible business practices of multi-level marketing companies.
While entertaining, I cannot help but feel a sense of sadness for these people who are swept up in these cult-like networks. I went to find out more and see what an MLM is exactly and why many are sacrificing their livelihoods for it.
The Structure
If you’ve been online within the past decade, there’s a good chance you’ve heard of the term “MLM.” However, you might not know exactly what it means. Well, I’ll put things into perspective for you. If you ever encountered cryptic Facebook or Instagram message asking you to buy some products, host a party, or join some kind of “exclusive” business, then you’ve had a firsthand encounter with an MLM. Congrats… I guess.
These messages, creatively nicknamed “hunbots,” are often sent by friends, family, or other mutuals. And if you got an iffy feeling while reading them, that’s because these users are caught up in a very common marketing scam. As mentioned before, the term “MLM” is an acronym that stands for Multi-level Marketing. You may also know it as network marketing or a pyramid scheme.
Well-known MLM companies include LuLaRoe, Mary Kay, Avon, Amway, and Herbalife. (And there’s more where that came from, unfortunately)
The Pyramid
I really like the use of the term “pyramid scheme” because when you look at the structure of these companies, they follow or format that is shaped like a pyramid. The higher-ups at the top are comprised of a very small number of people. Meanwhile, there’s a sh*tton of struggling workers at the bottom, all with lost Investments and broken promises.
Let’s say there’s one businessman at the very top of this pyramid. As the head of the company, he hires two more employees under him. These employees must pay an entry fee in order to join the company. Afterward, they are given products to sell, and some of the proceeds go to the big boss. These other two employees hire their own employees to work under them. Same deal; the employees on the third level show the products, and most of that money makes its way up to the one at the top. The cycle goes on and on and on to form a pyramid.
The Typical Experience
So, how does this work from the average MLM employee’s perspective? Put yourself in the shoes of someone who just got sucked into an MLM. I know, it’s terribly cringeworthy, but bear with me.
So, you’re a new recruit. You must pay an entry fee to join this exclusive establishment. The cost may vary, but usually, the more you pay, the more benefits you receive.
You’ll then be given products to sell. You may have to pay a fee to get these products into your hands. You might have to sell them at a higher cost than their unit price. But here’s the deal: more emphasis is placed on the action of recruiting more members. You will get paid in commission for every new member that you recruit. And guess what they will do with new members? They’ll be asked to pay entry fees just like you, and go on to try to recruit new members themselves. The way the system works is that it benefits only the higher-ups and early recruits. Hence, they call it an MLM. It’s got multiple levels, and the higher up you go, the more you’ll benefit at others’ expense.
What these companies won’t tell you is that new members are their main source of income. When new recruits run low, that’s when the company starts crumbling down. And once that company crumbles, the early recruits and CEOs collect their money, while regular employees are left broke.
The Manipulation
To most people, spotting these MLM companies is pretty easy. A job offer that charges entry fees, has a vague company set-up, or has no adequate interview process is naturally going to raise some alarm bells. So, you might be wondering: how the hell do people fall for these things?? Aren’t they obvious scams?
In truth, it’s not obvious to many demographics. And if you happen to get swept up in an MLM, it’s really hard to get out. Unfortunately, the only reason these businesses still exist is that people keep falling for them.
Strategies
There are three strategies that MLMs use when recruiting people;
- Targeting certain demographics
- Using charisma and big promises
- Giving people a sense of belonging
Let’s circle back to the “hunbots.” Ever wonder why those MLM messages will often use this upbeat “girl boss” language? Well, that’s because most of these companies are created to appeal to young college girls and middle-aged women. Young adults sometimes don’t have enough life experience to notice when they’re being scammed. Meanwhile, some older people don’t have enough tech-savviness to notice online ploys. Many women enjoy the idea of becoming their own boss and achieving a sense of empowerment.
Of course, many men fall for this as well. Normal jobs can be sucky. Sometimes you just wanna make easy money on your own schedule. Especially when the companies in question promise big returns while working on your own schedule. MLMs will often have spokespeople who can convince you to care about their cheap leggings or mediocre supplements.
Once they get reeled into the business, MLMs will host social events that provide a personal connection to other employees and higher-ups. They’ll start to form a bond with these people, until they become almost like a family. Remember that job you wanted to quit and knew you should quit, but the people were so nice that you just…had a hard time? Well, it’s that time 1000, because by this point, you’ve already invested so much money and time into them.
I’ve read so many horror stories of people losing their cars, their houses, their kids, all in the name of some cheap makeup products.
Business
Loom Review: Features, Use Cases, and How It Stacks Up Against Zoom
Published
1 day agoon
May 21, 2025Are you tired of keeping up with long email chains or trying to sync everyone in the team for a live call? If you answered yes, then Loom could be an efficient tool for you. In this Loom review, we’ll unpack how you can use Loom to explain complex ideas, give feedback, or walk someone through a task without going on a live call.
We’ll also explore its standout features, use cases, pricing plans, and how it compares to Zoom so you can decide if it fits your team’s workflow.
What is Loom?
Loom is a video messaging app that lets users record and share video messages with teammates and clients. Using Loom, you can record your camera, microphone, and desktop screen at the same time.
According to online Loom review, this is especially useful for individuals to create tutorials, demonstrations, and presentations, as well as to share feedback.
Loom users can choose to record with the Loom Chrome extension, the desktop app, as well as the iOS and Android apps.
Some of Loom’s clients include Brex, Intercom, Postclick, and more.
Loom Features
Loom has various features that allow it to seamlessly integrate into a company’s existing workflows.
Users can play Loom download videos within platforms like:
- Slack
- Jira
- Confluence
- Github
Why does this matter? Users will no longer be led to an external link, increasing their productivity by playing feedback videos within the platform.
Next, Loom video has an AI suite that can help teams work more efficiently. Using AI, the tool can:
- Automatically generate meeting notes and recaps, among other things
- Instantly create chapters in your videos, as well as CTAs and tasks
- Create text transcription and generate closed captions
To refine your videos further, Loom has features that can remove filler words and silence in a video.
Besides this, Loom also has a video-to-text feature. This is especially useful for asynchronous teams that need help with logging a bug issue, documenting a process, or performing a code review.
Loom Pricing
Loom pricing is generally straightforward. If you want to know if Loom is free, yes, it does have a free tier.
It has a free Starter plan for users who want to try out the app’s key features. It can accommodate up to 50 Workspace users, who are each entitled to up to 25 videos with a five-minute length cap.
Next, the Business plan is for teams that want unlimited videos and basic editing. It costs $15 per user per month if billed annually. Here, you can have unlimited members get basic waveform editing, remove the Loom Branding, and more.
According to Loom review, their most popular plan is the Business + AI plan, where teams can get advanced editing and access their AI suite. This plan costs $20 per user per month if billed annually.
Their premium plan is the Enterprise plan, which is best for companies that want to control and securely manage video content for the organization. If you’re wondering, “Is Loom safe to use?” This plan has advanced security and content privacy features as well as admin insights. Teams need to contact Loom’s sales team first to get a price quote.
Finally, Loom has a discount plan for educators as part of the Atlassian Education Program.
Use Case Breakdown
Here are a few Loom use cases:
- Loom review can be especially helpful for tech teams, as it can be used to narrate a bug issue. When an issue occurs, developers or testers can simply record the issue with Loom and report the issue to the concerned developers. It saves time and increases the turnaround time for bug fixes.
- Hiring teams and internal teams can also use Loom to document an internal process for onboarding purposes. Apart from this, it can also be used by customer-facing teams to create user guides on a platform or a new product feature.
- Sales teams can also use Loom to reach out to prospective clients. When cold emails are not friendly enough, sales teams can create personalized video content through Loom and stand out.
- Taking too long to get feedback from all stakeholders? Loom is great for product design teams to get asynchronous feedback from a global executive team. It’s great for instances where it’s difficult to get stakeholders in one meeting.
- Finally, Loom is great for educators and academics who want to create videos for remote classes.
Loom vs. Zoom
While their names sound the same, Loom and Zoom have different fundamental use cases. In terms of Loom review, Loom is best used to record and send videos, which can be used for demos, tutorials, and feedback. In terms of use cases, Loom is more catered to asynchronous communication and screen recordings.
Meanwhile, Zoom is best used for hosting live meetings and large conferences. It has features like breakout rooms and virtual backgrounds. While you can use Zoom to record videos yourself, Loom is more optimized to share video links with teammates and clients.
Final Thoughts: Who Will Get the Most Out of Loom?
Loom is best for companies that need videos for their day-to-day work communication. Whether for external or internal communication, it is great for clients who work asynchronously. In fact, most of their clients include those in the tech and product space.
Their product is useful for tech, sales, and product design teams that need to align with cross-functional teams. Loom is also best for companies that want to tighten their internal feedback loop, demonstrate processes, and get quick updates.
Educators, coaches, and course creators can also benefit from Loom’s features. The platform makes it easy to create clear, engaging instructional videos that students or clients can watch at their own pace. With features like closed captioning, video chapters, and transcription, Loom helps streamline learning and knowledge sharing.
Finally, to sum up this Loom review, freelancers and consultants who want to build stronger relationships with clients may also find Loom useful. Just like gadgets that boost team connectivity, like the Deeper Connect Pico, the global workforce can benefit a lot from Loom. Personalized video updates, walkthroughs, or proposals can set them apart, adding a human touch to digital communication that static emails or text-based reports often lack.