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My First Million cover image

3 Stories of Crazy Geniuses: Fenn’s Treasure, Michael Saylor’s Infinite Money Glitch + Ralph Lauren’s Bold Bet

My First Million

NOTE

Embrace the Unmeasurable for True Influence

The discussion highlights the challenge of measuring the halo effect in influencer marketing, emphasizing that many impactful results are difficult to quantify yet undeniably effective. Personal anecdotes demonstrate that consumers can develop strong connections with influencers, recalling details about their lives, which illustrates the nuanced influence influencers have over their followers. This creates a mispricing in marketing strategies, as businesses often shy away from methods that lack easy measurement despite their effectiveness. Instead, a willingness to invest in these unmeasurable aspects can lead to valuable returns, as many prefer to rely on proven metrics rather than exploring potentially transformative, although harder to quantify, opportunities.

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