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#207 Claude Hopkins (Scientific Advertising)

Founders

NOTE

Test Small to Win Big

Focus on providing samples only to those who express genuine interest, ensuring a more targeted approach. Testing is essential in advertising, as it helps mitigate risk and uncovers unexpected audience reactions. The unpredictable nature of consumer preferences means that projects may succeed or fail regardless of initial confidence. To manage financial exposure, cap your spending and conduct tests in select markets rather than committing large budgets upfront. By investing smaller amounts, one can gauge the potential success of an idea without significant loss. Accumulating insights from a few customers can accurately predict broader market behaviors. Proceed strategically, allowing initial ventures to inform larger-scale decisions, transforming tentative investments into informed, impactful strategies.

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