Why 98% of online ads don't work - and what to do about it, with Martin Lucas

In this episode Martin Lucas, Mathematical Psychologist and Founder of the company Gap In the Matrix is about to blow the lid off many of the sacred cows in the agency world. He has spent four years studying why humans don't understand humans and how brands are missing a trick when it comes to engaging their customers and understanding why they make purchasing decisions. Rory Sutherland, Vice Chairman of Ogilvy said this about Martin's company: "Gap In the Matrix is one of a tiny number of people in the world who understands that it is psychology which offers the greatest potential to revolutionise marketing in the next ten years and beyond.” In this fascinating episode he shares the results of his four year study and drops bombshells like: * Why $265bn of online ads don't get interacted with and the average Facebook ad click through rate is a tiny 1.61%, Google display ad 1.91% and programmatic 0.035% * Why measuring impressions isn't useful * Why brand strategy is stuck in its ways and should be called "performance branding" * Why defining "personas" for a brand isn't helpful * Why the attribution model for measuring online ad performance is wrong * How he is now helping global FMCG brands increase certainty in their marketing spend and save on average 18-21% of their advertising, increasing their profit margins by 3-21% and achieving 70-120% above industry average for open rates and click through rates. I hope you find this episode as intriguing and eye opening as I did.

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