If you end up a multi billion dollar unicorn with tens of millions in ad budget, targeted direct ads no longer move the needle like they did when you were a startup. Now for the Director of Marketing to justify increasingly larger compensation, he needs to increase his ad spend and starts whispering about spending money on ads that have no direct correlation to the bottom line. This is called brand advertising. Hint: If an early stage startup spends more budget on brand advertising than direct marketing, run.
Effective advertising is matching the product/service with some problem, on a specific channel of eyeballs, with a specific message. There are tons of new channels popping up every few years (think google, facebook, instagram, youtube, twitch, pinterest, wechat, stackexchange, hn, reddit, etc). There are millions of permutations but you have a finite ad budget. The magic is deciding how to show what to who.
Even better, no need to write an essay about your services or products, Google already know everything about it by scraping your website, so just point to the URL, and done
With the tactics being gobbled up by the Red Queen effect, you have to move to strategies to win. The OP writes about a pretty good one.
I think the Parent was actually advocating surgical PPC management of the style patio11 has written about extensively.
Other reason to use it is when you dont want to be screwed by fake clicks, and are 100% sure people will find your product anyways and buy it.