1.1 Founder Foundations
2.1 Introduction To Marketing
Steve Simonson
Jan 19, 2024

๐Ÿงญ Marketing is not just advertising; it encompasses the understanding of customer wants, needs, desires, and behaviors to inform future marketing strategies.

๐Ÿ›๏ธ It's about attracting customers, converting them to buy from you, and ensuring customer satisfaction, as measured by tools like the Net Promoter Score (NPS).

๐Ÿ“ˆ Marketing is visualized as a funnel, where the top is full of potential leads that know little about you, and as they move down the funnel, their likelihood to purchase increases.

๐Ÿค” It's important not to confuse conversion rates from different platforms, like Amazon vs. a personal website, as they arenโ€™t directly comparable.

๐Ÿ’ก The choice between focusing on a platform like Amazon or investing in building a customer list on your personal website depends on your strategic objectives.

๐Ÿ’ธ Cost per acquisition is a critical marketing key performance indicator (KPI) that you should monitor, manage, and aim to optimize, regardless of whether you're in a product or service business.

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