When you say marketing, you actually mean advertising. When I say it, I mean figuring out what it takes to make money. Both now, and even more in the future. If a picture is truly worth 1000 words, then this illustration speaks volumes. Remember, every time you hear marketing from someone on the Internet, 98% of the time they really are describing advertising. It’s actually quite sad. If you have yet to read this book, guess what? Time is running out. In fact, if you had some things you needed to get done in July, that ship has sailed. Welcome to August! Dr. Eli Goldratt preached that marketing is figuring out that Ducks like and eat corn. Marketing is figuring out what corn your ducks like to eat. But it’s a whole lot more than that. Marketing is figuring out what lakes your ducks like to hang out at while consuming mass quantities of corn. Marketing is also telling the CEO that your company’s mix of goods and services don’t really appeal to anyone. Or maybe, that new project has zero Duck appeal. That is correct, every new product launch looks exactly like the chart on the cover of Geoffrey Moore’s book. Hence, the need to LEARN what marketing REALLY is and what it is not. #marketing #doneRight is #Art & #Science Simply put, you cannot advertise your way across that chasm!
BTW, here is a pretty good (but not great) explanation from ChatGPT 3.5: “Marketing is the process of identifying, anticipating, and satisfying customer needs and wants through various strategies, such as product promotion, pricing, distribution, and communication. Its ultimate goal is to create value for both customers and the business.”
Marketing is way more diving into the human psychology, that is that entire figuring out part you’re talking about. And then using words or other media to talk to evoke emotions with your target audience. Advertising is than just slapping a budget on it ;-)
Marketing is FIGURING out stuff 💯 The 5Ps of Marketing are FACT 💥 You are FREE to flounder about, or choose to PROFIT 🚀 We can help at #27Rhinos 📘Author, Educator, USMC Veteran ⚡️EV Maven.
1yThe audio version: https://on.soundcloud.com/LqP7nywMQBZ1RR2Y7