Go ahead DTC Managers keep ignoring the Web
Pharma marketer had better beware because the days of big marketing budgets without results are coming to an end very quickly. The business model for pharmaceutical brands in a transition and those DTC marketer that continue to allocate more dollars to channels that have a bad ROI are going to be paying a price. As a recent article in Ad Age said:
"What's true for the brand is true for the management," said Robert Passikoff, founder-president of the consultancy Brand Keys and author of "Predicting Market Success." "Awareness does not mean profitability. None of these people (referring to out of work high profile Chief Marketing People) got to where they are without doing something that was successful, but often that success sets up expectations that go unmet.
Yes there are
some marketers who "get it" but for the most part
most DTC online marketing consists of getting a
website up and purchasing some keywords on Google
and MSN. Website analysis and analytics are
mostly nonexistent in pharma organizations at a
time when companies are adding whole departments
to analyze their online programs. Pharma product
websites are often are rarely updated and the
budget usually drives the strategy for the
allocation of online dollars instead of the
reverse. It's getting to the point where
pharmaceutical industry online programs are
actually the brunt of jokes from online industry
insiders. Agencies that used to specialize
specifically on online programs for health are
branching out because they are sick and tired of
presenting good data only to be told "we're going
with TV".
Will it change anytime soon? I don't think
so..there just isn't enough talented people out
there who know what they are doing and the ones
who are doing it right will move to other areas
and be replaced by someone who doesn't understand
the Internet. So go ahead DTC managers...keep
ignoring the Internet and when you budgets get
cut because share didn't increase don't even tell
me it was about awareness !