Reach Or Miss

Ep. 241 – The Most Important Law of Marketing

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Sinopsis

There are a few reasons why so many entrepreneurs fail. I believe that lack of marketing is the biggest one. And that’s also what entrepreneurs think. According to CBInsight Post-Mortem research, 42% of the entrepreneurs who failed said the number one reason for their failure was ‘No market need.’ Finding the market need is, as I see it, the first and most important role of marketing. It always starts there. It’s all about where is the biggest market opportunity at the current stage of the company. Any company. Otherwise, you might try to go in the wrong direction. OK. Let’s admit it. What would you say if I asked you what is marketing? You would probably tell me it’s lead generation, social media, building a brand, or the like. And you are right.   Marketing is everything you need to do to get customers and build your brand. In order to succeed in doing so, you need two things. First, you need to understand who your target audience - your potential customers are... Second, comes the most important