It's common knowledge that marketing is nothing but advertising, and if your business comes through word of mouth then you don't need marketing anyway. Besides, everyone knows that social media is the best form of free marketing there is... don't they?
The world of marketing is abound with a staggering number of misconceptions, fallacies and falsehoods. In Myths of Marketing , recognized industry expert Grant Leboff takes readers on a fascinating and entertaining journey through some of the most deeply entrenched stereotypes that exist in the industry, from the idea that sales and marketing are basically the same and that getting people's attention costs a lot of money, to the notion that demography is the best way to segment your market and 'content is king'.
Using a combination of academic research, amusing examples and industry case studies, Myths of Marketing effectively debunks many of the most pervasive myths and assumptions, leaving readers with a clearer, more perceptive understanding of marketing as a whole, to improve their own practice and marketing strategy.
This is a good book with some new concepts. However, overall, most of the points mentioned along with their supporting details are somewhat commonsense and common knowledge.
To me, the key take-away was the introduction of CAVE: communicate, access, value and experience. This is a better framework than the 4P and the author made good, but brief, explanation for this.
An interesting excerpt is "the currency of media is content". While marketers know this, people dabbling with "Brand U" tactics should hear and read this more often. We need to act like marketers and understand what these "right" content are. The book drops references of this throughout.
The last thing that I like to point out is the book's comparison of marketing versus sales. This age-old tussle is sometimes hard to figure out if you never done one or the other. The book defines the similarities and differences that brought a couple of new insights even to experience front office workers.
All-in-all, the book is a good quick read that has a handful of interesting take-aways. However, in my opinion, this should be the baseline for any book and authors should try to take it a lot further from here.
Marketing can hold different meanings to different people. Some people cringe when they hear it, afraid of having to navigate all the nuances of it. Others chalk marketing up to companies trying to get your money. Regardless of how you feel about it, there are many myths that people have bought into about marketing. These can keep your attempts from being successful, or give you the wrong impression about the concept in general. Myths of Marketing aims to address and correct these issues.
Many of the myths mentioned are widespread, such as a business being too small to need it. Each myth is described, then the reasons for it being false are given. Each entry is thoroughly explained and easy to understand. Myths of Marketing can be beneficial for anyone that is trying to get the word out about a business, product, or event. The book can help you better understand the importance of marketing and how to look at the whole process.
I received a complimentary copy from the publisher through NetGalley. All opinions are my own.
A precise and engaging view into the marketing world. A must read for anyone interested in entering the field, or a veteran looking for a brushup. I highly recommend this book for anyone in a business big or small new or old. It provides information without boring the reader.