Seth Godin’s Marketing SECRETS to Launching a NEW Business

👣 26 Innovative Steps: From Content To Conversion!

VIDEO SUMMARY

Empower Yourself with the Key Steps to Spotting Trends Before Anyone Else!

Hey there, fellow trendsetters! 🌟

Ever wonder how some people seem to spot the next big thing before it even hits the mainstream? 🤔

Well, get ready to level up your trend-spotting game, because we’re about to spill the beans on how to stay ahead of the curve! 📈💡

Curious minds, listen up! 🎧

Whether you’re a tech guru, a fashionista, or just someone who loves staying in the know, there’s a whole world of trends waiting to be discovered. 🌎✨

But here’s the kicker: it’s not just about keeping your eyes peeled for the latest fads. It’s about understanding the deeper patterns and connections that shape our world. 🧐🔍

Think you’ve got what it takes to be a trendspotting pro? 🕵️‍♂️

Well, buckle up, because we’re diving into the art of pattern recognition, critical thinking, and good old-fashioned curiosity. 🤓🔍

From dissecting market trends to decoding cultural shifts, we’ve got the inside scoop on how to spot the next big thing before it hits your feed. 📰🔮

So, are you ready to unlock the secrets of trendspotting like a boss? 💪💼

Then hit that link and let’s embark on a journey to trendsetter status together! 🌟💼

Don’t just follow the trends – be the trendsetter who shapes the future! 🔥💥

#Trendspotting101 #StayAheadOfTheCurve #BeATrendsetter

Step-by-Step Guide

Step 1: Shift Marketing Focus to People-Centered Approach

Description:

Understand that marketing should involve engaging with people rather than merely targeting them.

Implementation:

  1. Recognize the importance of marketing with people, not at them.
  2. Avoid the traditional approach of creating a product first and then attempting to persuade people to buy it.
  3. Emphasize creating something so essential to the target audience that they can’t imagine living without it once they discover it.

Specific Details:

  • The strategy involves identifying a specific niche market and offering a product or service that perfectly addresses their needs.
  • This approach aims to build a loyal customer base by providing genuine value and solutions tailored to their requirements.

Step 2: Identify a Niche Market

Description:

Choose a specific target audience with a problem or need that can be addressed with the available resources.

Implementation:

  1. Focus on finding a small but passionate market segment rather than targeting a broad audience.
  2. Select a niche that hasn’t been saturated with solutions already.
  3. Consider the feasibility of solving a problem within the constraints of available resources (e.g., $1,000 budget).

Specific Details:

  • Avoid tackling widespread or complex issues that require significant resources to solve.
  • Aim for a niche market where the product or service can make a significant impact with limited investment.

Step 3: Create a Valuable Product or Service

Description:

Develop a product or service that meets the specific needs of the chosen niche market.

Implementation:

  1. Brainstorm ideas for products or services that provide genuine value and solve a problem for the target audience.
  2. Prioritize simplicity and effectiveness in the solution to maximize impact with minimal resources.
  3. Consider creating informational content, such as guides or resources, that can be distributed online at a low cost.

Specific Details:

  • Focus on delivering something that resonates deeply with the target audience and addresses a pain point or desire they have.
  • Ensure that the product or service can be produced or delivered within the allocated budget and time frame.

Step 4: Establish Trust and Credibility

Description:

Build trust and credibility with the target audience to establish a strong foundation for long-term success.

Implementation:

  1. Offer valuable content or resources for free to demonstrate expertise and build rapport with potential customers.
  2. Engage with the audience through online channels, such as social media or forums, to provide assistance and support.
  3. Focus on delivering exceptional customer service and consistently exceeding expectations to foster trust and loyalty.

Specific Details:

  • Dedicate time and effort to nurturing relationships with customers and prospects by actively listening to their needs and concerns.
  • Leverage platforms like Medium or other online communities to share valuable insights and establish authority within the niche market.

Step 5: Produce Valuable Content

Description:

Create high-quality content that provides significant value to the target audience, positioning yourself as an authority in the niche.

Implementation:

  1. Develop a detailed PDF document or guide tailored to the specific needs and preferences of the target audience (e.g., Americans seeking B&B places in Paris).
  2. Invest time and effort in researching, compiling, and presenting valuable information that addresses the unique requirements of the niche market.
  3. Ensure the content is visually appealing, well-written, and offers practical insights or solutions that resonate with the audience.

Specific Details:

  • Focus on delivering content that goes beyond basic recommendations to provide unique insights or experiences related to the niche market.
  • Strive to create content that is so valuable and insightful that it compels readers to engage further or share it with others.

Step 6: Promote Initial Content

Description:

Promote the first piece of content to attract initial attention and engagement from the target audience.

Implementation:

  1. Utilize personal networks and connections to distribute the content to at least ten individuals within the target audience.
  2. Encourage recipients to share the content with others if they find it valuable, using word-of-mouth marketing to expand reach.
  3. Monitor feedback and engagement metrics to assess the effectiveness of the content and make necessary improvements.

Specific Details:

  • Leverage existing relationships and networks to ensure the initial dissemination of the content to the target audience.
  • Focus on quality over quantity, prioritizing engagement and feedback from a small group of individuals before scaling up promotion efforts.

Step 7: Build Trust and Authority

Description:

Establish trust and authority within the niche market by consistently delivering valuable content and engaging with the audience.

Implementation:

  1. Respond promptly and thoughtfully to inquiries or feedback from individuals who engage with the content.
  2. Continuously refine and update the content based on audience feedback and evolving market trends.
  3. Position yourself as a trusted advisor or expert within the niche by providing genuine value and personalized assistance.

Specific Details:

  • Actively participate in online discussions, forums, or communities relevant to the niche to build relationships and credibility.
  • Offer additional resources or assistance to individuals seeking further information or guidance, demonstrating your expertise and commitment to serving the audience’s needs.

Step 8: Monetize Trust and Expertise

Description:

Monetize trust and expertise by offering premium services or consulting to individuals or businesses within the niche market.

Implementation:

  1. Offer specialized services or consulting packages tailored to the specific needs or challenges of the target audience.
  2. Clearly communicate the value proposition and benefits of your services, emphasizing the unique insights or solutions you can provide.
  3. Establish transparent pricing and terms for your services, ensuring clarity and confidence for potential clients.

Specific Details:

  • Gradually introduce paid offerings or consulting services once a strong foundation of trust and authority has been established within the niche market.
  • Price services competitively based on the value provided and the level of expertise demonstrated, adjusting rates as needed to reflect market demand and perceived value.

Step 9: Prioritize Organic Growth Over Paid Advertising

Description:

Focus on organic growth strategies rather than investing in paid advertising initially to maximize impact and efficiency.

Implementation:

  1. Reinvest profits into replicating the successful process of creating valuable content and building trust with the target audience.
  2. Emphasize word-of-mouth marketing and referrals by delivering exceptional value and encouraging satisfied customers to share their experiences.
  3. Leverage existing relationships and networks to expand reach and establish credibility within the niche market.

Specific Details:

  • Avoid rushing into paid advertising before establishing a strong foundation of trust and authority within the target audience.
  • Prioritize building genuine connections and relationships with customers, as organic growth tends to yield more sustainable results over time.

Step 10: Focus on Providing Exceptional Value

Description:

Continue delivering exceptional value to customers to foster trust, loyalty, and positive word-of-mouth referrals.

Implementation:

  1. Monitor feedback and engagement metrics to identify areas for improvement and opportunities to enhance the customer experience.
  2. Regularly update and refine products or services based on customer preferences and evolving market trends.
  3. Prioritize customer satisfaction and retention as key metrics of success, aiming to exceed expectations at every interaction.

Specific Details:

  • Actively solicit feedback from customers and incorporate their suggestions into product development or service offerings.
  • Strive to create a positive and memorable experience for customers, leading to increased loyalty and advocacy for the brand.

Step 11: Gradually Introduce Additional Revenue Streams

Description:

Explore opportunities to diversify revenue streams and expand the business beyond its initial offering.

Implementation:

  1. Identify complementary products or services that align with the needs and preferences of the target audience.
  2. Test new revenue streams gradually, starting with low-risk experiments to assess feasibility and market demand.
  3. Continuously evaluate the performance of new revenue streams and adjust strategies based on customer feedback and financial analysis.

Specific Details:

  • Consider offering premium or subscription-based services, consulting packages, or affiliate partnerships to supplement existing revenue streams.
  • Prioritize initiatives that enhance the overall customer experience and provide additional value to customers while generating incremental revenue for the business.

Step 12: Cultivate a Culture of Trust and Integrity

Description:

Maintain a commitment to transparency, integrity, and ethical business practices to build long-term trust and loyalty with customers.

Implementation:

  1. Communicate openly and honestly with customers, employees, and stakeholders, fostering a culture of trust and accountability.
  2. Uphold high standards of professionalism and ethical conduct in all business dealings, prioritizing the well-being and satisfaction of customers above short-term gains.
  3. Continuously evaluate and refine business practices to ensure alignment with core values and ethical principles.

Specific Details:

  • Foster a positive reputation for the brand by consistently delivering on promises and exceeding customer expectations.
  • Prioritize integrity and authenticity in marketing and communication

Step 13: Recognition of Consumer and Marketer Responsibility

Description:

This step involves acknowledging the shared responsibility between marketers and consumers in perpetuating unethical practices in marketing and consumption habits.

Implementation:

  1. Understand that both marketers and consumers contribute to the perpetuation of unethical marketing practices.
  2. Recognize that consumers often believe they can outsmart the system, leading to behavior that supports unethical marketing tactics.
  3. Acknowledge the role of consumer demand in driving marketing strategies, even those deemed unethical.
  4. Reflect on personal consumption habits and their contribution to environmental and social issues.

Specific Details:

  • Marketers should not solely blame consumers for unethical consumption habits, as they often design strategies to manipulate consumer behavior.
  • Consumers should take responsibility for their purchasing decisions and recognize the influence of marketing tactics on their choices.

Step 14: Identifying the Impact of Marketing Tactics

Description:

This step focuses on understanding the consequences of marketing tactics on consumer behavior and societal norms.

Implementation:

  1. Analyze the environmental and social impact of marketing strategies, such as the proliferation of single-use plastics due to bottled water consumption.
  2. Reflect on personal experiences of being influenced by marketing messages to purchase unnecessary products or adopt unhealthy habits.
  3. Consider the broader implications of marketing campaigns that promote unrealistic body standards or unhealthy food choices.

Specific Details:

  • Examine case studies or real-life examples of marketing campaigns that have led to negative outcomes for consumers or society.
  • Engage in critical thinking about the messages conveyed in marketing materials and their alignment with personal values and ethics.

Step 15: Promoting Ethical Marketing Practices

Description:

This step involves advocating for ethical marketing practices and consumer awareness to drive positive change in the industry.

Implementation:

  1. Support companies and brands that prioritize transparency, sustainability, and ethical business practices.
  2. Educate others about the importance of critically evaluating marketing messages and making informed purchasing decisions.
  3. Engage in discussions and activism aimed at holding companies accountable for their marketing practices and environmental impact.
  4. Advocate for government regulations and industry standards that promote ethical marketing and consumer protection.

Specific Details:

  • Join consumer advocacy groups or campaigns focused on raising awareness about unethical marketing practices and promoting responsible consumption.
  • Use social media platforms and other channels to amplify voices advocating for ethical marketing and corporate accountability.
  • Encourage dialogue between marketers, consumers, and policymakers to address systemic issues within the marketing industry.

Step 16: Recognizing the Importance of Early Adoption

Description:

This step emphasizes the significance of being early to identify emerging trends and insights before they become mainstream.

Implementation:

  1. Understand that staying ahead of trends doesn’t require inventing them but rather being a step ahead of others.
  2. Listen to individuals who are considered “crazy” or unconventional in their ideas, as they often discuss emerging concepts before they gain widespread attention.
  3. Seek out unconventional sources of information, such as books, blogs, or niche communities, to uncover early insights.
  4. Approach new information with an open mind, willing to challenge existing beliefs and perspectives.

Specific Details:

  • Look for signals of emerging trends in unconventional places, such as niche forums, industry conferences, or specialized publications.
  • Embrace uncertainty and be willing to explore ideas that may initially seem unconventional or far-fetched.
  • Learn from early adopters and thought leaders in your field to gain insights into emerging trends and opportunities.

Step 17: Identifying Risk-Takers and Unconventional Thinkers

Description:

This step involves identifying individuals who demonstrate a willingness to take risks and challenge conventional wisdom.

Implementation:

  1. Look for individuals who are comfortable operating in the gray areas between certainty and ambiguity.
  2. Seek out thought leaders and innovators who consistently challenge the status quo and explore new ideas.
  3. Pay attention to individuals who are willing to admit when they are wrong and learn from their mistakes.
  4. Engage with diverse perspectives and voices, including those that may initially seem unconventional or radical.

Specific Details:

  • Identify individuals who exhibit a track record of taking risks and pushing boundaries in their respective fields.
  • Look for thought leaders who prioritize learning and growth over maintaining the status quo.
  • Seek out communities or networks where unconventional thinking and risk-taking are encouraged and celebrated.

Step 18: Prioritizing Trust-Building and Direct Connection

Description:

This step emphasizes the importance of building trust and establishing direct connections with consumers in marketing efforts.

Implementation:

  1. Recognize that the primary asset in marketing is trust and direct connection with the end-user.
  2. Focus on building authentic relationships with consumers through transparent and genuine communication.
  3. Choose marketing channels and tactics that facilitate direct interaction and engagement with the target audience.
  4. Prioritize consistency and reliability in delivering value to consumers to foster trust and loyalty.

Specific Details:

  • Emphasize authenticity and transparency in all marketing communications to build credibility and trust with consumers.
  • Use channels that allow for direct communication and feedback from consumers, such as social media platforms, email newsletters, or community forums.
  • Continuously assess and refine marketing strategies to ensure alignment with consumer preferences and values.
  • Invest in building long-term relationships with consumers rather than focusing solely on short-term gains or transactions.

Step 19: Investing in Customer Trust and Engagement

Description:

This step focuses on building trust and fostering genuine engagement with customers through personalized experiences.

Implementation:

  1. Over-invest in your chosen marketing channels to create a sense of trust and reliability among your audience.
  2. Prioritize authenticity and transparency in all interactions with customers to build lasting relationships.
  3. Customize the buying experience to cater to the specific needs and preferences of your target audience.
  4. Surprise and delight customers with unexpected gestures or personalized touches to exceed their expectations.

Specific Details:

  • Use data-driven insights to tailor marketing messages and offers to individual customer preferences.
  • Leverage technology to automate personalized communications and streamline the buying process.
  • Encourage feedback and actively listen to customer concerns to demonstrate responsiveness and care.
  • Implement loyalty programs or incentives to reward repeat customers and encourage long-term engagement.

Step 20: Identifying Niche Audiences and Tailoring Offerings

Description:

This step involves identifying niche audiences and customizing products or services to meet their unique needs and preferences.

Implementation:

  1. Identify specific niche markets or communities with distinct preferences or interests.
  2. Conduct market research to understand the pain points and desires of your target audience within the niche.
  3. Develop products or services that address the specific needs and preferences of the niche audience.
  4. Tailor marketing messages and campaigns to resonate with the values and aspirations of the niche community.

Specific Details:

  • Engage with niche communities or forums to gain insights into their preferences and behaviors.
  • Collaborate with influencers or thought leaders within the niche to amplify your brand message and reach.
  • Create specialized content or resources that provide value to the niche audience and establish your brand as a trusted authority.
  • Monitor trends and shifts within the niche market to adapt your offerings and marketing strategies accordingly.

Step 21: Prioritizing Genuine Connections and Equity

Description:

This step emphasizes the importance of fostering genuine connections with customers and promoting equity within the organization.

Implementation:

  1. Cultivate a culture of authenticity and empathy within the organization to promote genuine connections with customers.
  2. Prioritize employee satisfaction and well-being to ensure a positive and supportive work environment.
  3. Champion initiatives that promote equity and fairness, both internally and externally, to build trust and loyalty among customers and employees.
  4. Actively listen to customer feedback and adapt policies or practices to address concerns and promote inclusivity.

Specific Details:

  • Implement diversity and inclusion initiatives to ensure representation and equality within the organization.
  • Train employees on cultural sensitivity and effective communication techniques to foster positive interactions with customers from diverse backgrounds.
  • Create opportunities for customers to provide feedback and engage in meaningful dialogue with the brand to demonstrate responsiveness and accountability.
  • Showcase the company’s commitment to equity and social responsibility through transparent communication and tangible actions.

Step 22: Understanding the Need for Change

Description:

Recognize that to change and innovate, organizations must embrace a cycle of incompetence followed by competence. Stagnation occurs when companies defend their existing strategies without evolving.

Implementation:

  1. Acknowledge the need for change by understanding that sustained growth requires periodic disruptions to established norms.
  2. Recognize that clinging to past successes can lead to stagnation rather than continued growth.
  3. Embrace the concept that embracing incompetence in certain areas is necessary for growth.

Specific Details:

  • Understand that clinging to past successes can hinder future innovation and growth.
  • Accept that periodic cycles of incompetence, followed by newfound competence, are necessary for organizational evolution.
  • Acknowledge that defending past strategies without adaptation can lead to stagnation and decline.

Step 23: Identifying Areas for Innovation

Description:

Identify key assets and areas within the organization where innovation can be pursued without jeopardizing core operations.

Implementation:

  1. Assess organizational assets, including relationships with suppliers, customers, and market positioning.
  2. Determine which areas of the business can be allocated to experimental endeavors without risking core operations.
  3. Prioritize assets that can be leveraged for innovation while safeguarding the organization’s overall stability.

Specific Details:

  • Evaluate the potential impact of innovation on existing relationships and operations.
  • Identify assets that can be utilized for experimentation without compromising core functions.
  • Prioritize areas where innovation can provide a competitive advantage without jeopardizing stability.

Step 24: Establishing a Skunkworks Team

Description:

Create a dedicated team or division tasked with exploring new ideas and initiatives separate from the main operations.

Implementation:

  1. Allocate resources, such as funding and personnel, to the skunkworks team.
  2. Provide autonomy and freedom to experiment within the skunkworks division.
  3. Define clear objectives and metrics for success to guide the skunkworks team’s efforts.

Specific Details:

  • Ensure the skunkworks team operates independently from the main organization to foster creativity and innovation.
  • Encourage risk-taking and experimentation within the skunkworks division to explore new opportunities.
  • Regularly review and assess the skunkworks team’s progress to determine the impact of their initiatives.

Step 25: Encouraging Risk-Taking and Innovation

Description:

Promote a culture of innovation and risk-taking within the organization to drive continuous improvement.

Implementation:

  1. Foster an environment where employees feel empowered to propose and pursue new ideas.
  2. Encourage collaboration and cross-functional communication to facilitate the exchange of innovative concepts.
  3. Recognize and reward employees who demonstrate creativity and initiative in driving organizational innovation.

Specific Details:

  • Provide training and resources to support employees in developing and implementing innovative ideas.
  • Create channels for feedback and idea generation to ensure all voices are heard within the organization.
  • Celebrate both successes and failures as learning opportunities to foster a culture of continuous improvement.

Step 26: Embracing Humility and Empathy

Description:

Promote humility and empathy as essential qualities for effective marketing and organizational leadership.

Implementation:

  1. Encourage leaders and employees to approach marketing with humility, acknowledging that there is always room for improvement.
  2. Foster empathy by considering the perspectives and needs of customers, employees, and stakeholders in marketing decisions.
  3. Incorporate humility and empathy into organizational values and practices to guide decision-making and behavior.

Specific Details:

  • Provide training and development opportunities to cultivate humility and empathy among employees.
  • Lead by example, demonstrating humility and empathy in interactions with colleagues, customers, and stakeholders.
  • Create a supportive environment where employees feel comfortable expressing vulnerability and seeking feedback from others. Do I continue?

COMPREHENSIVE CONTENT

Discussion on Starting a Business Together

So, set, thank you so much once again for being on the podcast. I have some bad news for you. We’re gonna have to start a business together right now. We’re gonna have to come up with a sort of a business idea together. It’s, uh, bad news because you have to work with me for a bit, and I’m not the best at it. You are. So, let me frame that the challenge I want us to go through together right now. So, we are starting a business. We have, let’s say, one grand to spend, and we have the challenge to be profitable in three months or less, right? The only thing that I like to set as a condition is that you cannot use your name at all. We have to remain anonymous. So, you can’t use the audience, right? Sure. So, let’s start right now. Let’s say we have to create a business together from scratch. Let’s say it’s an online business. We have to sell it. We can use the medium of the internet to sell it. How would you go about creating a product that people would actually like?

Discussion on Marketing Strategy

Well, it’s a great way to start. Let’s understand the first thing, which is we are going to be marketing with people, not at them. And that is a fundamental shift from the way most business people think. They think they should have a factory. It should be up and running. They should figure out what they make, and then they should do something to people to get those people to notice them and to believe that they need what’s being sold. And that method made a lot of sense for a hundred years because you could pay money for media, and for that money, you’ve got people’s attention. That was the deal. But what we have to do is begin with the following: we must begin with something that is so on point for the people who we seek to serve that they, once they become aware of it, cannot imagine engaging without it. So, that means we can’t pick a giant problem because there is no giant problem that can be solved for $1,000. Those have all been taken. We have to think of not the biggest possible market but the smallest possible market, the smallest possible market that can sustain us, and figure out how to bring that group of people something that they can’t imagine being without so that they will tell other people. So, the internet is a symptom of this. It’s a sidelight of this. It’s not an internet company. It’s the internet that’s being used to spread the word about what we did. So, that’s how I would begin: the smallest possible audience in a generous way where no one thinks we’re interrupting them because they can’t believe we have what they need.

Specific Business Idea Discussion

Okay, so let’s get a bit specific. Do you have anything in the top of your mind, something a challenge that you encountered recently or a problem that you’ve seen recently that is that you think is worth solving for a particular small audience? Well, so if I have 90 days, I’m just making this up as we go here. Yeah. What happens if I create a PDF document that is the 150 best Airbnb places to stay in Paris? Okay, it’s gonna take me—you’re gonna do this work, actually—it’s going to take you a week of real effort to visit places, take pictures, do an analysis, explain which I remember smallest which one, and in this 40-page document, you’re going to be able to deliver to people real value about where they should stay when they’re in Paris. And we’re gonna give it away. And we’re gonna give it away. We’re gonna make it a Medium post, and we’re going to put it in other places so that anybody who searches for where should I stay in Paris is more than not likely to discover it. And even better, when people do discover it, they’re gonna tell other people they know because it’s so beautifully done that this is something that they need.

Building Trust and Expanding Business

Over the course of the next month, we’re going to focus obsessively about earning trust. We want to earn trust with the people who are seeking a place to stay. We want to earn trust with people who are hoping that people will stay with them. And so, we’re creating a two-sided equation here

Niche Audience Identification and Content Creation

So, let me break that down. First of all, the first task would be to actually create sort of a PDF, so free content that is actually really valuable and something nice enough for people to be interested in. I’d like to get deeper than what you just said. Not only should we help people to find a great Airbnb in Paris, but I think we should help Americans to find a greater B&B place in Paris, right? Right, because I’m an American. I think everyone is an American. Yes, and I know you said Paris because you think I’m French, and actually, I’m French, which is a great guess from you. You know, but only missing to start to go back to it. I think if we pick the tiniest audience, the one that we are the most uncomfortable with, like we are almost with almost fear it’s too small, I think it’s a great start. So, for Americans that might have specific needs, right? Or even we can dig deeper, are we talking about people from California specifically? Exactly. So, those people might have needs such as high-speed internet, they want to see monuments from the balcony, they want to discover some food that they’ve seen in San Francisco but they actually are the real deal in Paris. Maybe I’m just making that up as well, but by niching down that much, we are able to exactly understand their problems. We create this big list that you make me do and you pay me to do that, which is great. And so, we have that, we publish that because you’re anonymous, you can’t use your name, how would we go about promoting it, this first piece of content?

Promotion Strategy and Building Trust

So, I wrote a blog post a bunch of years ago called “First Ten,” and it’s still one of my most important posts. And what I say is everyone knows ten people, and if you don’t know ten people, you have to start over. If you know ten people, you give this thing to them. If they tell other people it’s good, if they don’t tell other people, you need to make something better. And so, you don’t have to put my name on it, and we only need ten people, we only need ten people in this hyper-targeted market. And I’m not sure I’d pick California, maybe I’d say people with kids between three and seven years old, right? Because they know lots of other people who have kids between three and seven years old. That’s what we’re seeking to do. Another one that’s very similar is we all know the documentary “Jiro Dreams of Sushi” that became a sensation and now the waiting list to get in to have dinner with Jiro is enormous. Well, I could imagine a business that does nothing but act as a concierge for people who want to eat dinner at Jiro’s. That’s the entire business. That’s super targeted. But the fact is, if you know one person who knows Ed Levine at Serious Eats, Ed Levine will write about what you just did because it’s so hyper-targeted and aligns with his audience of people. So, I picked something that I thought we could do in 90 days, but you know what? It might take 200 days, and that’s okay because you can do a bunch of them. My point is, the marketers that are disliked by humans are just like because they have non-remarkable products that cause them to act like selfish jerks. So, if you begin by asserting that you need something that is remarkable to a unique group of people, you’re 80% of the way there.

Content Optimization and Engagement

So, we create this very good content. I might have to update it a few times until I know that those ten people I share it to actually really love it so much that they are ready to show it for free. So, those are the first two steps. And then how do we get into this middleman position where people would start to ask us for advice? Well, so what happens is what we want in a low trust world is someone to trust, and our problem is not piracy, our problem is obscurity. And the record industry spent way too long fighting piracy. Piracy is awareness, piracy leads to attention, attention leads to trust. So, if over time you are being able to become trusted, then people who want something extra will reach out to you. And they will reach out to you because my pseudonym, right Jaco then, is right there at the bottom with my email address. And I answer all my email, and most of the time if I can engage with someone for three minutes, it’s free. But if you want me to get on a plane or you want me to cross the street or you want me to do something special for you, then let’s agree to charge for it because it’s worth it.

SEO Match and Consulting Fee

One SEO match for which LMS software should I buy, and once you’re in that position again, the number of companies where it’s not their money who would call you up and say, “Look, my boss wants me to buy one of these. I don’t know which one. How much is your consulting fee?” Well, I actually charged a thousand dollars an hour. So that means that for after one hour’s worth of work, I broke even, which is what you said my job was. You might not be able to charge one thousand an hour. If you’ll notice, I go down. People don’t know, you know, they do know me. They trust me because I wrote the definitive 70 40 pieces of software. With all, I’m just giving people an abundance of confidence by creating an abundance of value. And all I’m asking in return is to be trusted. Fantastic. Okay. So to summarize, we create a very good piece of content so good that in return, people start to trust us, contact us. We start to charge for problems that are adjacent to the problem we solve. And should we invest in ads? What, you know, let’s say we need to scale this business. Let’s say that a few people have contacted us, we made some money. What would you do next? Where

High School Years and Individual Differences

Work and who are artistic and have made change happen, and the only thing we have in common is that we have nothing in common so tall and short rich and not rich grew up with great parents grew up with no parents all across the spectrum you know Jeff Bezos loving family took him in but Jeff Bezos did not go up in the same kind of nuclear household that I did right so which is it which one do you want and I’m not in his league in many many areas but I’m just using that as an example of someone I’ve talked to the point is I was super obnoxious as a high school student I teachers rolled their eyes when they saw me my high school teacher wrote in my yearbook that I was never going to amount to anything anon and I’m not but I don’t think that is a requirement to be somebody who learns to look at the world differently I just think it happened to be true in my case. I wasn’t asking that to know whether you know people like you are more likely to succeed and I’m genuinely interesting in the past because that’s usually the best pretty prediction of the future and how people are.

Marketing’s Bad Reputation

So let’s go back to marketing in a bit more because that’s what I want to spend the most time as speaking about and you touched on it to the start but why do marketers have such a bad rep? Why do you think marketers have such a bad reputation in general? There are two reasons the first reason is that most of us deserve it because we’re selfish lying short-term thinking scum who believe that our job is to manipulate people as we market to them but the other reason which is just as big is that people understand that they are culpable that consumers fall for short-term stuff they’re not disciplined enough to ask the hard questions they’re looking for magic beans and rainbows and pots of gold and we feel terrible when we get tricked partly because we knew better and so you know the reason that buying a car in the United States is so horrible is because customers insist on it being that way and if instead customers just paid the price the way we do with bread that’s the way cars would be sold car dealers do it the way they do it because even though we pretend we hate it we do it with them because we want to feel like we could beat the system that’s a human failing and we’re get punished for it all the time so it’s both the marketers are bad and the consumers are bad together so every single consumer every single person would think that they are smarter than the system and try to play the system right yeah or you know we look at all the waterways clogged with bottled water trash well we bought into bottled water hook line & sinker because we wanted to believe that it would make us thinner cooler faster whatever we wanted that feeling we didn’t need bottled water right there are countries in the world where they do but not where I live and so consumers are culpable we look at all the trash we go we hate marketers who got us to buy into this trash economy yeah but we bought into the trash economy and so it’s both you know in the topic of fast food for example or shitty food that you’d buy in supermarkets you know there are overly processed and fat and full of

Responsibility in Food Industry

Sugar I to my friends over it sometimes I’m like I don’t think it’s the people’s fault who buy the food that is cheap you know I don’t think it’s them who are at fault I think it’s the big companies that have the big money behind them who are like trying to trick and lie and manipulate into thinking that this is good food it’s hundred-percent chicken oh it’s hundred-percent whatever so yeah I’m done with this I think I don’t I don’t think it’s 5050 I think it’s I think it’s big company’s fault for us right well I didn’t say it was 5050 it’s really hard to apportion blame what I’m saying is the thing about responsibility is they don’t give it you take it and when a culture says we’re not going to stand for it we have this wonderful process in most countries where the government ought to listen to us and make a rule right that their companies are incented by the fact that they’re public as public companies they have investors those investors are us the investors are short-term selfish people who want to stock to go up tomorrow and so we push the companies to do the very thing we say we don’t want the companies to do and so it’s this giant circle where everyone is responsible who is the most responsible the well-paid CEO for sure because the well-paid CEO needs to have the guts to look the market and I say no we’re not going to do that we don’t stand for that and if you want to sell the stock go ahead yes that is her responsibility but all of the factors at work make it so that she has to make that difficult choice so I refuse to let anybody off the hook I don’t let myself off the hook I think that the government is letting us down the CEOs are letting us down the shareholders are letting us down and we are all of those.

The Race to the Bottom for Attention

Let’s get a little bit more detail about the bad marketing that we talked about is there any particular tactics or things that you see happening at the minute in digital marketing and marketing in general that you would consider to be plain wrong like those so-called best practices that are plain wrong well where does it start it begins with the race to the bottom for attention. If you say my only job is to get eyeballs and my job is to get eyeballs as cheap as possible then you buy into algorithmic advertising then you buy into sneaking around tracking people’s data then you buy into questionable content that you’re busy paying for then you buy into the degradation of our culture as we rush to make everything dumber make it more of a click all of that starts with this misguided assumption that all attention is the same and then we don’t need to be trusted so that’s part of it and then the second part of it is we let ourselves off the hook by making ever crazier promises to people that we know we can’t keep because our competition is making these promises so that’s where the Flat Belly Diet comes from that’s where the idea of seducing people into going into debt comes from because we say well it’s not me it’s my competition another race to the bottom the reason I’m in this field is because at the same time there’s also a race to the top and it turns out that if you on the race to the top you can win more reliably it’s just harder so the race to the top is how do I become the most trusted how do I become the most distinctive how do I become the most ethical if you do those things you win just as well but it’s not obvious how to get there you need to think hard so you mentioned there is no like not all the eyeballs are created equal you shouldn’t really chase any kind of cliques or all type of cliques so how do we convince those marketers that genuinely believe hundred-percent that attention is the only currency available out there what would you say to them well I need to talk to their boss because the boss is said we’re gonna make average stuff for average people as soon as you commit to that then the customer wants the cheapest one the cheapest one that they can find and so now you’re caught again and how do I interrupt more people how do I make it cheaper how do I sell it cheaper once you buy into that cycle everyone’s acting rationally my problem is buying into that cycle in the first place so when you think about you know Sam Walton said the container ship is a miracle how can I build a trillion dollar company 100 million billion dollar company well that’s sell average stuff at junk we made at the lowest price I can by eviscerating my communities and bringing it in from

Connecting People: The Core Purpose

Takes discipline but when I think about the magic of an Internet company or a telecom company what do they do for a living they connect us to other people something we desperately want so there are only two ways to do it you can connect us to other people the way everyone else connects us to other people in which case I’d like to cheapest thank you very much or you can connect us to different people in a different way people I can only reach through you this is what Facebook does facebook says anyone could build the software that’s Facebook it would take you know ten smart people a month because you’re copying it but it wouldn’t be worth it because the people you want to reach aren’t on your site they’re on Facebook so the opportunity for someone is to say where’s the minimum sized group of people who desperately want to be connected in a new way if I can connect them using hardware and software they’ll want to be connected because they don’t want to be left out and from that little circle if what I’m doing actually works the circle will get bigger that is the way it always happens that’s yeah I think Don’t be average; here’s how that’s right way to frame it so we wouldn’t start by trying to be average and reaching the the same amount of people that they would be reaching out to and the other important thing here that you’ve just said naturally as if it was so easy but I think a lot of people struggle with that is you you were able to quickly identify the job to be done the actual core first principle of the reason why people use internet for so I think that’s a very good lesson for for listeners is that we always have to think about the first principle behind the product or service we use that’s the best way to market its ready to think about the core emotions the co feelings the core things that we do with it so I like really much very much like that part of the answers.

Predicting Trends: Listening for the Crazy People

Well in 1999 he wrote the book you came up with the term permission marketing and since then a lot of other companies and people have used the term or changes slightly from permission marketing to inbound marketing but basically the same concept right so you’re pretty good at spotting trends before anybody else do you have any methodology behind it you have any way to find things before they seem to be mainstream well since this is my main claim to fame I’ll let you know that I started doing it in 1990 and I named it in 96 okay so it was thrilling and I was early so one of the things I would say to people is you really don’t need to invent any of these trends you just have to be a little earlier than everyone else and the way you can do that is by listening for the crazy people because the crazy people are always going to talk about it before you will so in the case of the internet Kevin Kelley a proud crazy person like me wrote a book in which he outlined all of it the whole thing and it’s called you can find out in KK org but he just wrote it he was the founding editor wired I think he wrote it after I did permission marketing so probably 97 and if you read it there was all laid out and what people did was they looked at it and they said I can’t see it and the reason they couldn’t see it is they were reading it the way they would read Time magazine tell me something I already know but the trick is to get yourself into a mindset where you can say I’m reading this tell me something I don’t know and when you come across something you don’t know you’re gonna have to change your mind because right now your mind is made up that you know what’s important that you know what’s working if someone says something new you have to change your mind and it begins with oh I didn’t know that that’s important I knew something I didn’t know something that was important and now I do then you act as if well what would this mean and what would this mean and what would this mean how do I take it all the way in one direction and if it feels like there’s something there then you can start

Overcoming Overwhelm: Focusing on Trust and Presence

Well, I think what we’re trying to do is live in as in the grey in the zone between black and white the zone between wrong and right proven and unproven in the zone of possibility that what we do is live in that zone and so we’re wrong a lot that’s why people think we’re crazy wrong a lot and if you realize that being wrong is really cheap if you do it right then you can live there for a long time because it’s cheap to be wrong and people don’t remember all the times I was wrong they just remember the six times I was right when was the last time you were wrong well there’s a reason I don’t have any money in the stock market because every time I put money in the stock market I am wrong but you know the biggest one that I talked about was when I was sure that the world wide web was a fraud and was never going to work and that cost me a couple of billion dollars so that was an expensive time to be wrong but it I still got to keep playing the game so your core advice here would be to try to identify people who seem to be wrong quite a lot but at least I think if they are wrong they are taking risk right yeah and so I would say the core advice I’m not trying to rework to reword what you said I’m just trying to simplify it as I understand it is obscure now you’re doing great it’s trying to to find people who would take risk quite a lot to say stuff as they are who try to you know write quite a lot to probably or record videos on YouTube quite a lot so probably people who would produce a lot of content right as the term is being used quite a lot so people who had would take a lot of risk in that aspect yeah well let me just interrupt for a second I don’t think it’s I don’t think it has to be volume so Eric Raymond wrote a book called the cathedral and the bazaar and it described all crowdfunding all crowdsourcing Wikipedia Linux all of it and this was 20-something years ago I don’t think he’s ever written anything else so it’s not necessarily that it’s a lot is that other people who are crazy are referring to it that’s sufficient okay that’s that makes a lot of sense one thing that I’ve noticed I’m a marketer myself I know a lot of marketers and is one common challenge amongst marketers and it’s like you know that very well you know this challenge very well people seem to be completely overwhelmed with all the options out there all the channels the tactics available so there’s growth hacking days you know Facebook and the bots coming you know there is like so many things I can think of right now that would really make me crazy if I had to think to think about it every day so what’s your advice for people and marketers in particular who are getting lost in the sea of all the things right marketers in 1966 only how to buy TV and they were done right the TV was the magic bullet so we grew up believing that there was a magic bullet there isn’t one what I would say is number one the asset you’re building is trust connection direct connection with the end-user whatever method you want is fine as long as it leads to a direct connection with the end-user and number two is being in a lot of places is not nearly as important as being in a place well so I’m not on Facebook I’m not on Twitter it’s fine that you just pick something it doesn’t matter if you pick the perfect one you just pick something and by picking it by choosing it by saying I’m a podcast or not a blogger by saying I speak at conferences but you can’t find me online or not find pick your thing own it build your asset there in a way that others don’t have the resolute force of will to sustain because that’s what you’re trying to do is to be the one and only so you have to build a fort high enough that everyone looks at that so I could never build a fort that high that’s what you have to do is over invest in your channel so that the people you engage with feel like they can trust you but I guess that goes back to to one of your core advice from earlier on whereby you was a very hyper local audience I think if you go to a very specific niche the channels or the tools you’re going to use are gonna be almost chosen for you right because this particular tribe this particular niche would probably only use Facebook way more than Twitter or only use Pinterest way more than Facebook and therefore it’s kind of gonna going to be obvious so I think it’s those two are connected on day that’s right you nailed it have you had any not even rephrase that what’s the best buying experience you ever had oh let’s say in the last year or six months quite recently so many that I’d like to talk about all right so penguin magic is a great little company that sells magic tricks to amateur magicians professional magicians don’t buy magic tricks because they only need 10 and they just do the same 10 over and over again but amateur magicians need a lot of tricks because we keep doing for the same people and they get tired of them so we have to buy new ones and it’s a great site because what they do is they show you a video of the trick but you can’t find out how it’s done unless you buy it and the tricks costs 10 20 30 bucks alright so when you buy it then they email you a video of them packing your exact item as it gets shipped to you and in the box when you get it comes something you didn’t ask for which is a magazine fill beautifully produced with other tricks that teach you how to do this that or the other thing and if you are regular customer you may discover that the CEO just sends you stuff in the mail with a personal note saying I thought of you when I saw this trick how much does it cost them to do all this How much does it all cost? extra stuff pennies pennies I mean they charged me ten dollars for a trick that they just emailed me the answer there wasn’t even a gimmick right so the margins are great no problem.

Magic Trick and Restaurant Tipping

So that’s one example that I’ll give you, the other example I’ll give you right there, yeah, what’s the trick that you vote? Oh, I’m not doing any magic for you right now, I’m not prepared. No, no, I don’t expect you to trick me, you in a fight, Jenny? I do it. What’s the trick that you got? I do a lot of mentalism, mind-reading tricks, and the trick that I’m thinking of now involves, it’s an ordinary deck of cards. I hand it to you, I don’t touch it again, and I ask you to put the trick, to separate the cards without looking at them into black and red. So without, turn them over, red, red, red, black, red, black, blue, right? So you put 2016 each pile, you’re guessing I turn the piles over, all the black are in one pile, all the veteran, the other pile. I’m not gonna ask you the question, it’s so good to get the trick, you have to pay $10 so it’s so good, it’s so good. Alright, and then the other one is a little more subtle, which is Danny Meyer, the great New York City restaurateur, has some of the fancy, it’s nice, this restaurants in New York, and there is no tipping allowed, no, I don’t know about Ireland, but I know in France it’s a different thing, but the United States people tip 15% or so and all the money goes to them, waiter the people in the back who cooked don’t get anything. Danny thinks that’s ridiculous and unfair so he’s betting his whole company on creating a new standard and as a buying experience, it’s extraordinary because your engagement with the staff front of house and back of house is different because the people who were working there feel differently about how and why they are serving you and so that’s no gimmick super subtle and the kind of bold responsibility taking that I’m a huge fan of that’s something I heard from an episode of freakonomics the podcasts so they were saying that this guy has more than one restaurant and he started to avoid tipping with this one restaurant so let me just think about the benefits that had that happened so this is one thing first of all when you don’t expect keeping from as a waiter your relationship with the customer is much more genuine right so don’t want one thing that is said the second is I remember if I remember well that in the back of the house those like the cooks and all of those people are we’re genuinely paid way less don’t remember why it happened but they were paid way less so in this instance because it’s against the law to give them tip money that’s it so it’s against the law so now that everybody is not on tip they were able to increase the pay for for those people if I remember well so that people were happier and they were staying for longer because there was a there was a low retention rate of particular people in the back of the restaurant there’s another there’s another benefit I don’t remember when well actually one of the the big benefit that that happened one of the best thing that happened to him and the restaurant is that this move made him so much publicity that he was booked for months and months and months and months so I guess he was being

Continuing the Discussion on Innovation and Marketing

Put on the table 1% of the daily traffic, point it to mysterious new stuff, right? Let the core group do what the core group does, but what you can do is build a skunkworks across the street. This is how Lockheed revolutionized the airplane; Tom Peters has written about this extensively. It takes guts to do that, and I was amazed at Jerry’s answer because it was so honest. And what he said to me is, “While I’d love to do that, but if I did that, everyone else would want to do that job too.” And so he was concerned that he’d have to say to his core group of 300 people, “You have to do the boring work. I’m gonna go let Seth do something that’s fun.” What he missed was most of those 300 people wanted to do the boring work because they had stock options, they were going up every day, they were confident, they were having a good time, and they were good at it. Most people don’t want to give that up. But when you find someone willing to give that up and you give him a place where they can go explore, they will.

So another example is John Patrick when he was at IBM. He invented IBM’s entire internet consulting business by himself because the CEO let him have a year and a couple offices and ten people and said, “Go use IBM’s name but don’t do anything stupid.” He didn’t think that might fail, but he didn’t do things that would bring shame upon IBM. So your “across the street” description is actually on purpose. Why we should all ‘get out of the building.’ You wouldn’t advise leaders to let a group of 10 people just walking the same office just another in another location, right? He would advise them to get away from the main. I think that’s essential because here’s the asset that’s not helpful, yes, it’s that’s not helpful as all the people around the water cooler, the asset that’s not helpful is your instinct to level off and stand off the edges. Don’t do that, that’s not what makes your company good, it’s just a byproduct and the fact that your company is good. So you gotta get away from that and you get away from it by physically leaving the building.

So as a leader, you need to identify people who are willing takes to take risks, who are genuinely take matters in their own hands, and usually you will have a lot more people who are willing to stay in their comfort zone and be comfortable there, and that’s perfectly fine as well obviously has a big company, you kind of have to keep running the show and make sure everything went smoothly. So I really like that, I think that’s a really good take on innovation that’s actually good practical advice as well. And I also have a lot of young graduates who ask me, “I want to get into marketing, how should I do that?” So I know that you mentioned before that people shouldn’t have range TVs, they should have a reputation that preaches them right. So if you link that with the companies, therefore companies shouldn’t hire by CV right? How should they hire them to part?

And so the first part is the best way to learn marketing is to do marketing, not to be part of a marketing department. So the beauty of it is marketing doesn’t cost money anymore, so go market a cause you believe in, go market a company that doesn’t exist, go market a political thing, just go and market, don’t ask anyone’s permission, just begin. And then from the company point of view, you know I don’t hire people unless I’ve worked with them first, and it’s so much easier to work with someone now. So that’s what companies ought to do, not say, “Oh, he’s good at interviewing therefore he should work here,” they should say, “Oh, we worked with him on a project, he does exactly the kind of work we like, let’s get him in.” And the ability to be in the world doing this work and being seen right, don’t show me your resume, show me your work, and in our field that here than almost any other one that’s let’s say somebody’s kind of is lost or she’s lost in the causes that she cares about all the things that she likes how would you advise briefly somebody to pick something that she should work on forward by lost you mean they’re too caught up they’ll just be like there’s so much noise they don’t really know whether they need right yeah so it doesn’t matter make a spinner and spin the wheel don’t do a thing you know so my first jobs as a marketer were building a ski club in Buffalo New York and marketing it to high school students then for my dad writing copy for his ski binding division of the company he worked for then starting a coffee shop and travel agency and ticket bureau in college and then marketing computer games for six-year-olds they don’t have anything in common right so begin and that’s the secret that people who are marketers are marketers because they know the difference between things that might work and things that don’t and the only way to learn that is to do marketing so just go on do it well what do you think marketers should learn today that will help them in the next 10 years 20 years 50 years humility and empathy what are the top three resources that you would recommend marketing marketers and digital marketers particular to read or to discover to digest well I’ve written 18 books for you so I would definitely start there I would read some of the classics of marketing that are now being ignored David Ogilvy the book scientific advertising I would read Steve Pressfield and the war of art I would definitely read the art of possibility by Ben and Lysander these are books about humility and empathy not books about algorithmic advertising said you’ve been absolutely amazing before I let you go any anything you’d like to add anything you’d like to say to to the listeners well I would just like to remind them that the thing you’re doing right now is not easy it’s time-consuming it takes a long time and I hope they appreciate it and you so I’m glad you’re doing this work thanks that means a lot au revoir

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Eric Collin

Eric Collin

Eric is a lifelong entrepreneur who has been his own boss for virtually his entire professional journey. He has built a successful career on his own drive and entrepreneurial determination. With experience across various industries, such as construction and internet marketing, Eric has thrived as a tech-savvy individual, designer, marketer, super affiliate, and product creator. Passionate about online marketing, he is dedicated to sharing his knowledge and helping others increase their income in the digital realm.

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