I've been listening to Dave Ramsey's "Financial Peace University" on CD. I'm learning a lot and one thing that I love is that he quotes scripture when talking about finances, debt, investing, etc. That's something I always admired about Larry Burkett. Many things I'm hearing directly relate to advertising especially when you think of it as an investment. Ramsey refers to an investment as something that you don't expect a return on in less than five years. Anything put away for shorter returns he considers savings.
When I'm working with a new client, especially if they are new to broadcast advertising, we talk about being patient and manage expectations that the phone is going to ring off the hook the minute the first commercial hits the air. That's not how this works. When you invite someone to buy from you or to be a client they rarely take immediate action.
So, when I'm looking for ways to get smarter I turn to the bible. There's thousands of years of people learning things the hard way so that we don't have to wrapped up in one source. Regardless of your religious affiliation it would be foolish not to heed some of this knowledge from the many authors of this collection of books.
Here are some quotes from Dave's site that I found particularly relative to advertising (and life in general).
Proverbs 28:20
"A faithful man will abound with blessings, but he who hastens to be rich will not go unpunished." I have a client who likes to say, "You don't go from zero to Oprah overnight."
Ecclesiastes 11:2
"Give portions to seven, yes to eight, for you do not know what disaster may come upon the land." In other words, don't put all of your advertising eggs in one basket. Radio stations flip overnight. TV News spokespeople get fired. Things happen, so diversify.
Proverbs 14:29
"He who is impulsive exalts folly." I've seen many, many, people make the mistake of jumping around with their ad campaigns. They try something for a couple of weeks and then pull right before their message is about to start sinking in to the mind of their target consumer. Advertising isn't an immediate get rich quick deal.
Proverbs 1:5
"A wise man will hear and increase learning, and a man of understanding will attain wise counsel." Listen to an "ad guy" who's been doing this a long time.
Any other words of wisdom you'd like to share? Favorite bible quotes? I'd love to hear it!