Founders

#206 Albert D. Lasker (the creation of the advertising industry)


Listen Later

What I learned from reading The Man Who Sold America: The Amazing (but True!) Story of Albert D. Lasker and the Creation of the Advertising Century by Jeffrey L. Cruikshank and Arthur W. Schultz.

----

Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here

----

Advertising is a very simple thing. I can give it to you in three words: Salesmanship in print.

Before he arrived on the scene, advertising agencies were mostly brokers of space in newspapers and magazines. With Lasker's prodding, the industry became a creative force and began earning substantial commissions.

His rare ability to put troubled geniuses to work on challenging problems grew in part from the fact that he himself had been driven by "a thousand devils.”

Albert measured himself against the man who had braved the privations and horrors of the Civil War, epidemics, and hurricanes and made several fortunes in a foreign and sometimes hostile land.

Thomas was often taken aback by his young colleague's unconventional views and methods.

He decided that he could represent as well as anybody, because at least as far as he could tell, nobody in his office really knew anything much about the business they were in.

He was beginning to suspect that advertising agencies were leaving an enormous amount of money on the table. Lasker felt sure that he could build the business, and boost commissions if he could improve the agency's copywriting.

You are insufferably egotistical on the things you know nothing about, and you are painfully modest about those things about which you know everything.

Hopkins began imparting his theory of copywriting. We should never brag about a client's product, he said, or plead with consumers to buy it. Instead, we must figure out how to appeal to the consumer's self-interest.

Lasker argued that rather than maintaining many modestly successful small brands, the company needed to create one overwhelmingly powerful product.

----

Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here

----

“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth

Be like Gareth. Buy a book: All the books featured on Founders Podcast

...more
View all episodesView all episodes
Download on the App Store

FoundersBy David Senra

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

1,756 ratings


More shows like Founders

View all
a16z Podcast by Andreessen Horowitz

a16z Podcast

1,029 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

516 Listeners

The Knowledge Project with Shane Parrish by Shane Parrish

The Knowledge Project with Shane Parrish

2,638 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,304 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

802 Listeners

How to Take Over the World by Ben Wilson | QCODE

How to Take Over the World

795 Listeners

My First Million by Hubspot Media

My First Million

2,617 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,041 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

389 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

344 Listeners

ACQ2 by Acquired by Ben Gilbert and David Rosenthal

ACQ2 by Acquired

209 Listeners

Joys of Compounding by Colossus | Investing & Business Podcasts

Joys of Compounding

94 Listeners

Moneywise by Hampton

Moneywise

643 Listeners

BG2Pod with Brad Gerstner and Bill Gurley by BG2Pod

BG2Pod with Brad Gerstner and Bill Gurley

455 Listeners

Never Enough by Andrew Wilkinson

Never Enough

58 Listeners