Wizard of Ads Monday Morning Memo

Statistics You Never Expected


Listen Later

When you write ads for a living, you learn that the truth is often the opposite of what people believe.

Most people believe an ad will work if people like it, and an ad won’t work if people hate it. But that’s just not true. And we’re wrong about far more important things than that.

Take marriage, for instance. You’ve heard it said countless times, “Marriage is just a piece of paper.”

But the data clearly indicates otherwise. Not only are unmarried couples more likely to split up than married ones, couples who elope are 12.5x more likely to end up divorced than couples who get married in front of 200 people.

That shouldn’t come as a surprise.

But this next bit of truth may indeed surprise you:

The less you spend on the wedding, the more likely you are to stay married.

According to The Knot, the average wedding in America costs about $30,000. But when you look at their methodology and realize The Knot surveyed only those brides who spent a lot of time on their fantasy wedding website and felt inspired to fill out a wedding-cost survey, this “average wedding” figure becomes somewhat suspect. Added to that, The Knot needs its advertisers to believe, “There’s gold in them thar hills.”

I’m sure you’ll forgive me for not swallowing the hook.

Better data would suggest the average American wedding costs between five and ten thousand dollars.

According to Dr. Hugo Mialon and Dr. Andrew Francis of Emory University, if a couple spends 10 to 20 thousand dollars on their wedding, they increase their likelihood of divorce by 29%. Couples who spend more than $20 thousand are 46 percent more likely than average to divorce.

When you spend less than average for your wedding, you increase your odds of staying together. Statistically, a couple is 18% less likely than average to get divorced if they spend between 1 thousand and 5 thousand on the wedding. And a couple is 53% less likely than average to get divorced if their wedding costs less than a thousand dollars.

Interesting, huh?

One last thing: that little factoid that “half of all weddings end in divorce” has never been true. The divorce rate in America has never exceeded 41% and that number is trending downward. In reality, the odds of staying married today are nearly 2 to 1 in your favor.

Passion does not create commitment.

Commitment creates passion.

To whom, and to what, are you committed?

Roy H. Williams

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

Wizard of Ads Monday Morning MemoBy Roy H. Williams

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

47 ratings


More shows like Wizard of Ads Monday Morning Memo

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

226,206 Listeners

The EntreLeadership Podcast by Ramsey Network

The EntreLeadership Podcast

4,349 Listeners

The Human Upgrade: Biohacking for Longevity & Performance by Dave Asprey

The Human Upgrade: Biohacking for Longevity & Performance

7,204 Listeners

Monday Morning Radio by Dean Rotbart

Monday Morning Radio

36 Listeners

The Glenn Beck Program by Blaze Podcast Network

The Glenn Beck Program

25,633 Listeners

The Tim Ferriss Show by Tim Ferriss: Bestselling Author, Human Guinea Pig

The Tim Ferriss Show

16,101 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,789 Listeners

VINCE by Cumulus Podcast Network | VINCE

VINCE

63,416 Listeners

Craig Groeschel Leadership Podcast by Life.Church

Craig Groeschel Leadership Podcast

10,694 Listeners

Maxwell Leadership Podcast by John Maxwell

Maxwell Leadership Podcast

2,460 Listeners

Shawn Ryan Show by Shawn Ryan

Shawn Ryan Show

42,616 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

28,473 Listeners

The Artificial Intelligence Show by Paul Roetzer and Mike Kaput

The Artificial Intelligence Show

173 Listeners

Imprimis by Hillsdale College

Imprimis

226 Listeners

Candace by Candace Owens

Candace

6,644 Listeners