On the value of awards

A stock photo of a Cannes Lion awardThis from John Hegarty resonated. Unpopular opinion, but awards – especially in B2B marketing – are the ad industry equivalent of social media vanity metrics. They may get you marginally more reach (usually long after the campaign’s over), but rarely with your real target audiences.

What’s worse, the positive signals award wins send out can create feedback loops of groupthink about tactics that can actively harm your ability to deliver.

I know it’s tough to demonstrate marketing effectiveness, but award wins rarely prove much beyond that marketing people like something. So unless you’re selling to marketers, they don’t really have much value.

This means awards make perfect sense for agencies (and individuals) to enter – but for their clients? The point of marketing is to improve brand perception and make sales with your buyers, not getting a round of applause from other marketers.

Which is why, often, I find the less glamorous side of marketing is where the real businesses impact can be found.