Last week I got to hear a former General Motors advertising consultant talk about his work with the company about 20 years. He was with them from the late 70s through the late 90s as I recall. He referenced the phrase, "As goes GM, so goes the country." I hadn't heard that before but with a quick Google search I discovered this phrase has been around for many years. GM's influence on our country and economy isn't nearly as strong as it once was, though I'm sure people would debate me on that. Whether or not it's true some interesting news today out of GM sparked my curiosity...
According to MediaBuyerPlanner.com, GM is putting $1.5 billion (yes, billion) into digital marketing. That's half their annual marketing budget. GM is the third largest advertiser in the country so the speculation will begin as to whether this will trickle down to significantly smaller marketing budgets as other companies see what GM does and follow their lead.
My hunch is that many of the smaller marketing budgets are already there. In fact, the smallest of marketing budgets...like people who have about $100 in annual marketing budgets, have been there for a while. In my observation it's the big companies that are getting on board last. Making the shift to digital marketing at the corporate level, however is still big news and quite bold of GM to shift a full 50% of their budget to a medium that some people still question as a practical advertising platform and marketing channel.
I commend GM for what they're doing and I'm sure this news has already been passed around marketing departments and advertising agencies all over the country by now. Who knows, maybe that old saying will turn out to be true after all.