Do you need them to just announce to the world that your product exists and solves a particular set of problems? Or do you need them to break through the noise caused by all the other marketers? ;).
It's a self-sustaining industry. If you squint, it's basically rent-seeking.
Information about lost pets or belongings has nothing to do with marketing, and is usually published using in different sections of any communications medium than ads are.
Huge restrictions of available forms of marketing would be a good start. Done top-down, this levels the playing field, and reduces the advertising expenditure companies need to make - as most advertising costs go towards cancelling out equivalent spending from your competitors.
I'm not thinking "five-year plans", I'm thinking GDPR + more restrictive laws on advertising content + ban on city billboards, ban on leaflets, + other regulations intent on heavily restricting all other forms of advertising.
> Product discovery is not why advertising is done.
Actually, it is. What do you believe is the purpose of ads? More importantly, how do you interpret the fact that any product release is based on an advertisement campaign?
Word of mouth. Also, pull instead of push. I could walk around the shop and discover a new product on the shelves. Or, pick up a catalog with local companies. Or, pick up a magazine dedicated to companies announcing their products in particular domain. Or these days, Google for a solution to a particular problem.
Product discovery should involve me consciously, purposefully looking for a product, not all possible products trying to come to me all the time.
Do you need them to just announce to the world that your product exists and solves a particular set of problems? Or do you need them to break through the noise caused by all the other marketers? ;).
It's a self-sustaining industry. If you squint, it's basically rent-seeking.