The decision to abandon ads wasn't driven by falling revenue, but by an ethical epiphany. The CEO realized his clients were inefficiently buying print ads when more measurable options existed. He no longer wanted to facilitate that "lazy" spending, feeling it bordered on fraudulent.
Scott Galloway's Prof G Media, a $20M business, rejects entire ad categories like crypto and gaming. He believes they prey on young men, and accepting their money would undermine audience trust. This strict vetting process results in a small, curated list of just 38 advertisers, prioritizing brand integrity over revenue.
A client wasted $100,000 because marketers executed isolated tactics like SEO without a cohesive plan. An effective agency must first deeply understand the core business strategy—mission, growth goals, ideal clients—before implementing any marketing activities to ensure alignment and ROI.
Leaders often choose expensive, traditional advertising for ego gratification, like a TV spot during a baseball game, over more effective and profitable digital platforms. This preference for the familiar methods of 'yesterday' stifles growth and wastes money in favor of personal validation.
NBR eliminated all opinion columns, believing customers shouldn't pay to read someone else's point of view. The strategy is to provide only factual reporting with deep context, empowering subscribers to form their own informed decisions and reinforcing the core value of its high-priced product.
After finding paid ads on Meta were designed to be barely profitable, the founder stopped them entirely. She now focuses on organic marketing, using her personal story on Instagram and a strong email list to build a loyal customer base more profitably.
Instead of passively outsourcing paid advertising, Province of Canada applied their bootstrapped mindset to it. They demanded weekly reports from their agency and relentlessly cut underperforming ads. This active management ensured they didn't waste money, a crucial discipline for a business with tight margins.
The CEO of Unbound Merino found that his most polished, creative ads often underperformed. Conversely, ads he felt were cheesy or made him uncomfortable—specifically, founder-led videos—were highly effective, showing that authenticity can trump production value.
Many large agencies are not truly consumer-centric. Their business model incentivizes focusing on winning industry awards (like Cannes Lions), pleasing internal stakeholders, and navigating corporate politics. This creates a fundamental disconnect from where consumer attention actually is, leading to ineffective marketing spend.
The public announcement to eliminate all ad revenue was a strategic marketing move. It sent a clear message to the market: if NBR relied 100% on subscriptions, the content must be exceptionally valuable and worth the high price point, reinforcing its premium positioning and justifying the cost.
Instead of maximizing ad slots, NBR removed all online ad inventory except the top banner. It then pitched a premium, simplified package to top clients for a high monthly fee, creating artificial scarcity and focusing on high-value partnerships. This secured over $1M in pre-sold, recurring revenue.