Feed Swap: Seth Godin’s Secrets to Launching a New Business
Oct 6, 2023
53:18
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Marketing legend Seth Godin discusses topics such as creating valuable resources for finding accommodations in Paris, the flawed dynamics between marketers and consumers, the race to the top in marketing, choosing a hyper local audience, the benefits of not expecting tips in restaurants, and embracing incompetence for growth.
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Quick takeaways
Focus on building a connection with your target audience and understanding their needs.
Cater to a specific niche to tailor your product or service to their unique needs.
Prioritize building trust with customers by offering valuable content and engaging with them personally.
Deep dives
Focus on Marketing to People, Not at Them
The key to creating a successful business is to market to people, not at them. This means building a connection with your target audience and understanding their needs and desires.
Target the Smallest Possible Market
Instead of going after a large, generic market, focus on the smallest possible market that can sustain your business. By catering to a specific niche, you can tailor your product or service to their unique needs.
Build Trust First, Sell Second
Prioritize building trust with your customers before trying to make a sale. Offer valuable content, engage with them personally, and establish yourself as a reliable source of information.
Start with Your First 10
When launching a new business, find your first 10 customers or clients who will appreciate what you do and spread the word. Their satisfaction and word-of-mouth recommendations will help you grow your customer base.
Market with Humility and Empathy
Approach marketing with humility and empathy. Understand and connect with your audience on a deeper level, prioritize their needs, and build relationships based on trust and understanding.
In this bonus episode of Nudge, I've feed swapped with Louis Grenier and his brilliant podcast Everyone Hates Marketers. Today, you’ll hear one of my favourite episodes of EHM—his discussion with the best selling author and marketing legend, Seth Godin. If you liked the show, do go and check out Louis’ podcast using the link below (you’ll spot a Nudge episode over there as well).