Pioneer Exposes the fraud called Mahesh Sharma and Mahesh Peri of Career 360 and Barbel Schwertfeger of mba-channel.com
Celeb Advertising & Brand Endorsements have always come with the territory in Adville – especially in the last decade and a half. The Big B, SRK and M. S. Dhoni have (for example) rewritten the rules game to showcase every conceivable FMCG product category, attracting fee-deals that could wake the dead … or finance a couple of five-year plans of newly, independent countries – which ever came first! Revered icons with proven track record, their insane package (swear advertisers) is in direct proportion to their astonishing connect with every section of a celeb-hungry nation and thumping brand-equity they invest in the products they endorse. Fair enough … although TAM surveys and reports continue to indicate that less than 10% of the consumer-base of these ads actually purchase the products these (or any) stars endorse. Despite this, the fever rages on…
If that is difficult to fathom for the sane and logical mind, imagine hearing about new stars nowhere near the power and glory of the older lot, with no great earth-shaking track-record, charisma or mass-appeal (‘theek-theek’ according to a young Bolly-junkie) demanding and scooping up crazy paychecks on the endorsement front. Ranbir Kapoor – with one spectacular dud and one decent hit – is said to be hitting the Rs.4 crore mark! Imran Khan, with one decent hit and two dabbas is reportedly asking Rs.3.5 crore per endorsement. (It’s another matter that no one is playing ball, as yet!) Deepika Padukone – possibly the most successful of the lot – is in the Rs.2 crore bracket with Genelia D’souza, a little behind with Rs.1.5 crore. Interestingly, all of them (except Imran) have tripled their endorsement fees in the last few months and – well – are getting takers! So, who’s lost it, guys – the Advertisers, these new kids or the celeb-hungry bozos dedicating their life and times to B-town moves?
“The Dodo Advertisers who believe that casting a celeb will instantly rock their product’s image and bottom lines!” That’s the iconoclastic Pritish Nandy, forever ready to tilt at windmills. While it is totally true that movie stars and cricketers are perceived as the nation’s most glamorous, popular and favourite role-models, Nandy believes that there are two bigger truths defining the space “both advertiser-driven. One is the desire to do a quick kill in terms of public attention without the appropriate consideration to the brand fit. Two, the hysterical anxiety to be seen with these stars to go up the social ladder among his peer group.” The best advertising (ZooZoo, HDFC, Vodafone) don’t need to pursue this track, says Nandy, and are none the poorer for it. Ogilvy’s resident dude Sumanto Chat comes in next. He believes that it has to do with the huge youth-connect that these star-kids enjoy in a space and categories that cater to youngistan. Then, of course, there is a celeb-struck nation and finally “a leg-up in image for the Advertiser and his company!
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Source : IIPM Editorial, 2010.
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
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