5min chapter

Founders cover image

#91 Jim Clayton (Sold to Warren Buffett)

Founders

CHAPTER

Ignore Your Competitors and Focus on Your Customer

The main Volkswagen dealership is run by this family called the Snyder's in Knoxville. They would try to drum up demand by making their, let's say you wanted to walk into a Snyder dealership and buy a Volkswagen bug that day, you wouldn't be able to get it for like six months. Jim winds up benefiting from his competitor's ad spend. The more they ran those ads, the more beetles we sold. A top flight New York ad agency with a blank check couldn't have gotten us more publicity. It is never smart to shine a light on your competitor, not even a candle light.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode