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I send this out roughly once a month. The thing that caught my eye most recently is the distinction between “growth” and “maintenance” marketing. Most marketing is focused on maintenance. The objective is to wrap an established brand in cotton wool and keep it protected until the current round of executives retire. The marketing you see daily is primarily maintenance marketing. Big brands. Big budgets. Big creative. They’re telling you they’re still around and it’s still ok to buy them. But the more interesting marketing is growth marketing. How to use marketing to unlock a market and build new brands. Because that’s what it’s ultimately about, right? Owning a brand. A brand is a money-making machine. People are drawn to it. They pay more for it. Competitors envy it. Investors acquire it. And you don’t build a brand by simply running your operation, or having sales work the phone. You need marketing to do it! This is undisputed. But building a (new) brand, through marketing, is not so easy. In fact, it is a bit of a mystery. If the exact recipe existed, we would all be doing it successfully. But there are some pointers:
Growth marketing requires a discipline that's contrarian to most entrepreneurial businesses; hence it hardly ever succeeds. The application is almost always fumbled because the founder is either too arrogant, or too agitated. Maybe that’s the secret. Calm Consistency! |
Strategic marketing & growth guidance by South African Fractional CMO and Firejuice founder, Bernard Jansen.
People completely overestimate the power of marketing. It's fundamentally a weak force, as Dale W Harrison so beautifully puts it in this podcast. I've been canoeing on and off over the years, and basically the comparison works like this: The market is the river. It takes you where it takes you, and mostly at the speed of the flow. The boat is your business. It kind of floats along. Marketing and sales are the oars. They're used primarily to move the boat along the optimal path and not to get...
The initial marketing a business does when it starts isn’t marketing and sales. It’s entrepreneurship. Entrepreneurship is whatever you do at the beginning of a business to see if you have something viable to build a business on. It is a subject on its own and has its own course material covering things like bootstrapping, speed, spending more time out of the office than in the office, begging for money, begging for payments, listening to customers, and growing at all costs. Marketing is when...
Someone I know recently told me they never read email newsletters but also never unsubscribe out of fear of upsetting the sender. It got me thinking because I know this person does indeed get my monthly mailer. Clearly they don't read it, and I know they haven't unsubscribed either. It took me down a bit of a rabbit hole investigating what the trend is – it's quite stark when you explore actual engagement behaviour. People have simply stopped reading, and listening. The golden era of content...