Poor firms ignore their competitors; average firms copy their competitors; winning firms lead their competitors.
Philip KotlerRead
Marketing is becoming a battle based on information than on sales power.
Interpretation
This quote emphasizes the shift in marketing from simply selling products to leveraging information for strategic advantage.
Philip Kotler's quote highlights the evolving nature of marketing in today's world. It stresses that successful marketing is increasingly reliant on data, insights, and information rather than merely the aggressive pursuit of sales. As consumers become more informed, marketers must focus on understanding their audience and providing value through informed strategies, making information a crucial asset in the competitive landscape.
In practice
In a marketing seminar discussing the importance of data-driven decisions.
Poor firms ignore their competitors; average firms copy their competitors; winning firms lead their competitors.
The art of marketing is the art of brand building. If you arenot a brand, you are a commodity. Then price is everything and the low-cost producer is the only winner.
Marketing is a race without a finishing line
The key to branding, especially for smaller firms, is to focus on a limited number of issue areas and develop superb expertise in those areas.
Companies pay too much attention to the cost of doing something. They should worry more about the cost of not doing it.
Marketing is not the art of finding clever ways to dispose of what you make. It is the art of creating genuine customer value.
Permission marketing turns strangers into friends and friends into loyal customers. It's not just about entertainment - it's about education. Permission marketing is curriculum marketing.
Your story needs to move people’s spirits and build their goodwill, so that when you finally do ask them to buy from you, they feel like you’ve given them so much it would be almost rude to refuse.
It takes a big idea to attract the attention of consumers and get them to buy your product. Unless your advertising contains a big idea, it will pass like a ship in the night. I doubt if more than one campaign in a hundred contains a big idea.
There is no need for advertisements to look like advertisements. If you make them look like editorial pages, you will attract about 50 per cent more readers.
If a brand wants to build social communities, capital and influence, it must become the chief celebrant of its community, not its celebrity. This simple shift in approach unlocks enormous transformative potential for brands.
Properly practiced creativity must result in greater sales more economically achieved. Properly practiced creativity can lift your claims out of the swamp of sameness and make them accepted, believed, persuasive, urgent.
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