Marketing Magic: Turning Lemons into Gold?
Pankaj Malik
Polybee: building an Agritech company to redefine agriculture — not just transforming it but shaping the future of food production.
I recently came across a new Netflix show called "The Fall of the House of Usher." There is an exciting scene, a superb example of many marketing campaigns running today.
You should watch the video, and it's terrific. Below is the link:
Here are a few lines:
First, you roll out a multi-media campaign to convince people lemons are incredibly scarce, which only works if you stockpile lemons, control the supply. Then, a media blitz. Lemon is the only way to say 'I love you,' the must-have accessory for engagements or anniversaries. Roses are out, lemons are in. Billboards that say she won't have sex with you unless you got lemons. You cut De Beers in on it. Limited edition lemon bracelets, yellow diamonds called lemon drops. You get Apple to call their new operating system OS Lemón. A little accent over the "o". You charge 40% more for organic lemons, 50% more for conflict-free lemons. You pack the Capitol with lemon lobbyists….
So what's the deal with marketing? Well, it's the magic wand that turns an ordinary product into an overnight sensation. But—and this is a big but—there's a catch. For a business to go the distance, the product needs to be more than a one-hit wonder. Remember the fancy stories of Segway, Google Glass, and the Amazon Fire Phone—initial fireworks followed by a fizzling disappointment. They promised the moon but delivered, well, something significantly lesser.
On the flip side is WhatsApp, the quiet achiever of the messaging app world. No grand marketing campaign, just a simple, practical product that won hearts effortlessly. And let's not forget Tesla, the cool kid on the block that didn't rely on flashy ads. They just let the performance of their electric cars do the talking, earning mind and market share.
So, what's the lesson here?
Marketing is undeniably a powerful tool. It can spark interest, build anticipation, and place the product under the spotlight. However, it's just the opening act.
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The central performance is the product's ability to deliver, solve real problems, and meet customer expectations. It is where the magic happens.
Marketing can be the wind beneath a product's wings, but it cannot be the wings themselves. A product without repeat purchase potential is like a car without a steering wheel – directionless and disaster.
The secret sauce? A perfect mix of killer marketing and a product that delivers. It's not just about catching the eye but winning hearts and minds. Take Coca-Cola and iPhones, for example—they've got big shoes to fill after those powerful and stary campaigns. If they don't live up to the expectations, they might not even be worth a lemonade.
Cheers to the power of a product that lives up to the expectations created by Marketing campaigns! ??