fbpx

Hope*Writers Open $1 Trial + FREE Workshop Sep 22 8 pm ET | Claire Zammit Free Seminar Sep 25

You're Reading:Quick Marketing & Business Tips – Episode 31

Quick Marketing & Business Tips – Episode 31

by Tasos

}

Sep 6, 2021

Quick Marketing & Business Tips

Episode 31

Welcome to our video series “quick marketing and business tips” where we’re giving you actionable advice, tips, and recommendations, to grow your business today.

This is episode #31.

Let’s dive right in!

Episode 31: Even giant companies fail – an example

In the previous episode, we discussed how important is to focus on the end consumers and their needs before we develop any product. 

And we underlined that throughout history, there had been examples where even giant and well-established brands failed to deliver a good user experience and all their marketing efforts flopped.

One of these examples is Google Glass, a wearable tech device that pulled of the market in 2012.

The Bentley University sheds some light on the case with an article.

They say…

The company’s marketing budget would suggest the developers truly did try to make the device into the next hot trend. It was paraded through talk shows, it got a 12-page story in Vogue, models at New York Fashion Week strut down the runway wearing Glass and celebrities like Oprah, Bill Murray, Beyoncé and Jennifer Lawrence were all seen wearing the device at different times.

All this publicity backfired on Google after users found out how bug-ridden and clunky the product really was. Soon Glass became just another joke.

Mark Frydenberg, senior lecturer at the Bentley University mentions…

“Glass showed that there were a variety of solutions that this technology could provide, but Google (intentionally?) didn’t identify the problem beforehand. They wanted to see what people could do with it.”

Long story short, Google built a solution before identifying a problem.

But this failure helped Google discover other breakthrough uses for its wearable device. 

As the article suggests…At the very least, the device likely has a solid future in hospitals.

As we discussed in other episodes and articles, successful entrepreneurs are innovators. They develop new products that do not exist in order to improve people’s lives.

So, it’s OK to try to develop new products and even if your product fails, there are always lessons to be learned. 

You will get a deeper understanding of what people want and need, and how the market responds.

But you can avoid traps like this if you do your research. It’s all about your target audience and their needs. 

Thanks for watching and if you want to learn more about marketing and business, check out our private training workshops.

We Teach

Marketing & Business

Live on Zoom

Your host: Tasos Perte Tzortzis

Schedule an interview so we can evaluate where you are right now, your needs and goals, and we'll give you a detailed analysis of how the workshops work

*14-Day Free Trial

hope writers $1 trial membership
claire zammit - free online seminar
kim walsh phillips social selling machine 2.0 banner
photovibrance announcement image 2 easy to use ui
marketing publishing mastery private training workshops featured banner
VIDDYOZE THE $50 PRODIGY SIDEBAR
hot-marketing-and-business-news
flippa marketplace
Postcards by Designmodo
fade to black joey xoto
wealthy-affiliate
Divi WordPress Theme
Bulletproof your Domain for $4.88 a year
roobet banner 333
relaythat

Find a domain starting at $0.88

powered by Namecheap

Categories

Archives

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Join Our Newsletter

Get access to marketing and business training, sales secrets and personal stories from the entrepreneurial world, downloads, exclusive discounts and bonuses, and the newsletter to scale your business

Exclusive Access To The “7 Ideals Methodology” Only For Our Subscribers

Get HOT Updates Daily

Read More

Latest Posts

5 Increases In Risk Levels For High Return Investments

5 Increases In Risk Levels For High Return Investments

The introduction of the risk management system into the practice of enterprises makes it possible to ensure the stability of their development, increase the validity of decision-making in risky situations, and improve the financial situation through the implementation of all types of activities in controlled conditions.

read more
The "7 Ideals" Marketing Methodology

The "7 Ideals" Marketing Methodology

 

We are so excited to announce a new series of workshops.

 We'll be showing you the power of our methodology when it comes to building and growing businesses.

Market research, competition analysis, assets evaluation, creating info-products, sales funnels, paid advertising, social media, video channel, podcast, social audio, and so much more

 

*Exclusive free bonuses, resources, services, and discounts for our subscribers for a lifetime

 

You have Successfully Subscribed!

Pin It on Pinterest

Share This