3 Things All Marketers Can Learn From Pharma Advertising
We’ve all seen them—60-second commercials that pop up during our favorite TV shows. In these commercials, everyone seems to be dancing, mountain biking, or kayaking to happy music while the list of potential side effects is described in the background. With revenues exceeding $600 billion, it is not surprising that pharmaceutical companies spent almost $8.1 billion last year on paid advertising, according to Endpoints News. Seventy percent of that was spent on linear TV. The top 10 pharma advertising brands alone contributed to a combined total of $1.68 billion in ad spend. But are they necessary? Do they work? In this edition of Plain Talk, we’ll address those two questions. We’ll also explore what the rest of us marketers can learn from pharma advertising—TV advertising’s fourth-largest industry.