086: Marketing Fundamentals for Consumer Product Startups
Product Startup
Strategy vs. Tactics: Define Objectives First
Kevin asks about strategy and the four Ps; Michael stresses setting clear objectives before choosing tactics like product, price, place, and promotion.
Michael Solomon has been teaching marketing for 40 years. He currently is a marketing professor at St. Joseph’s University in Philadelphia. He has written almost 30 books including many marketing textbooks. His most recent book is called The New Chameleons, and is all about modern marketing lessons. Today Michael is going to share some valuable knowledge on how inventors, startups, and small manufacturers can learn the fundamentals of modern-day marketing, and learn how to apply these marketing tactics to your new invention products.
EPISODE LINKS
Michael Solomon Links:
- LinkedIn: https://www.linkedin.com/in/michaelsolomon/
- Book: https://www.amazon.com/New-Chameleons-Connect-Consumers-Categorization/dp/1398600040/ref=sr_1_1?dchild=1&keywords=The+New+Chameleons&qid=1627326873&sr=8-1
The Product Startup Podcast Links:
- Website: https://www.ProductStartup.com/
- Instagram: https://www.instagram.com/ProductStartup/
- LinkedIn: https://www.linkedin.com/company/ProductStartup/
- Facebook Page: https://www.facebook.com/ProductStartup/
- Facebook Group: https://www.facebook.com/groups/ProductStartup/
- Pinterest: https://www.pinterest.com/ProductStartup/
- Twitter: https://twitter.com/ProductStartup
- YouTube: https://www.youtube.com/MakoInvent
Mako Design Links:
- Website: https://www.makodesign.com/
- YouTube: https://www.youtube.com/MakoInvent
- Instagram: https://www.instagram.com/MakoInvent/
- LinkedIn: https://www.linkedin.com/company/MakoDesign/
- Facebook: https://www.facebook.com/MakoInvent/
- Pinterest: https://www.pinterest.com/MakoInvent/
- Twitter: https://twitter.com/MakoInvent/
Kevin Mako Links:
- Instagram: https://www.instagram.com/Entrepreneurs/
- LinkedIn: https://www.linkedin.com/in/KevMako/
- Quora: https://www.quora.com/profile/Kevin-Mako
- Facebook: https://www.facebook.com/KevMakoPage/
- Twitter: https://twitter.com/KevMako/
Thanks for tuning in! See you next time.
About: MAKO Design + Invent is the original firm providing world-class consumer product development services tailored to startups, small manufacturers, and inventors. Simply put, we are the leading one-stop-shop for developing your physical product from idea to store shelves, all in a high-quality, cost-effective, and timely manner. We operate as one powerhouse 30-person product design team spread across 4 offices to serve you (Austin, Miami, San Francisco, & Toronto). We have full-stack in-house industrial design, mechanical engineering, electrical engineering, patent referral, prototyping, and manufacturing services. To assist our startup and inventor clients, in addition to above, we help with business strategy, product strategy, marketing, and sales/distribution for all consumer product categories. Also, our founder Kevin Mako hosts The Product Startup Podcast, the industry’s leading hardware podcast. Check it out for tips, interviews, and best practices for hardware startups, inventors, and product developers. Click HERE to learn more about Mako Design + Invent!
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