- 1-2-3 Marketing
- Posts
- 1-2-3: The Growth-Share Matrix, Philip Kotler and Mercedes Benz
1-2-3: The Growth-Share Matrix, Philip Kotler and Mercedes Benz
1 framework, 2 lessons and 3 ads
Hey, Welcome to 1-2-3 Marketing.
If you’ve been finding the emails valuable, please move this to your primary inbox and reply to this email with a “🤓"
Doing this ensures you get my newsletter and it doesn’t end up in your spam folder.
New here? Subscribe so you don’t miss out…
🧠 1 Marketing Framework:
The Growth-Share Matrix
The Growth-Share matrix is a framework used by companies to prioritize their business units or products.
It categorizes them into four quadrants based on market growth and market share:
⭐️ Stars (high growth, high share)
❓ Question Marks (high growth, low share)
🐄 Cash Cows (low growth, high share)
🐕 Dogs (low growth, low share)
For example, the iPhone could be classified as a "Star" due to its high market share in the rapidly growing smartphone market.
Meanwhile, the iPad, after experiencing initial rapid growth, has moved towards the "Cash Cow" quadrant, generating consistent revenue with a high market share in a slower-growing market.
This framework helps Apple decide where to invest in innovation (like the iPhone) and where to maximize profit (like the iPad).
🧑🏫 2 Lessons From The Best Marketers:
Lesson #1: The power of building a community in marketing
Seth Godin said that people naturally want to align with others who share their interests and values, which he refers to as "our tribe."
He emphasizes that marketers should aim to create, lead, and connect these tribes by establishing a culture or a movement around their products.
He uses the example of Harley-Davidson, which not only sells motorcycles but also fosters a strong community identity that customers want to be part of.
This approach to marketing focuses on creating connections and a sense of belonging, which can be more effective than traditional marketing strategies.
Seth Godin on the power of building a community in marketing:
— Marketing Nerd (@Marketing_Nerd_)
12:58 AM • Oct 10, 2024
Lesson #2: Innovation and Lateral Marketing
Philip Kotler highlights the need for companies to prioritize creativity to stay ahead.
He advises moving beyond minor updates to achieve big innovations.
By encouraging all employees to share new ideas, companies can discover unique opportunities and avoid becoming outdated.
Philip Kotler on innovation and lateral marketing:
— Marketing Nerd (@Marketing_Nerd_)
12:12 AM • Oct 6, 2024
📱 3 Ads That Will Blow Your Mind:
Ad #1: LEGO
Principle Used: Engagement Through Visual Appeal
This LEGO ad captures attention with a striking visual of a LEGO-built cat, designed to engage LEGO's audience on social media.
By using an image, LEGO stimulates interest and interaction, encouraging followers to engage with the brand creatively.
This approach not only highlights the versatility of LEGO bricks but also promotes their newest products in a playful and memorable way.
Ad #2: Quit Smoking
Principle Used: Simplicity and Symbolism
This anti-smoking ad uses simple graphics to make a powerful statement.
The image shows lungs made of pixels with a burning cigarette at the bottom, visually representing how smoking affects the lungs.
The minimalistic design focuses on the impact of the message, urging smokers to consider quitting by visually connecting the act of smoking with lung damage.
Ad #3: Mercedes Benz
Principle Used: Alignment and Aspiration
This Mercedes-Benz ad creatively aligns the brand with precision and excellence by featuring a gymnast performing within the iconic Mercedes logo.
This strategy not only highlights the brand's commitment to superior quality and design but also appeals to consumers' aspirations to align themselves with world-class standards.
Support Our Sponsor:
Learn how to launch and grow an affiliate program for SaaS
Launching an affiliate program for your SaaS business can be intimidating if you’re new to it, but it is pretty simple. Rewardful has boiled it down to three core principles in their free online course:
Principle 1: Make it simple for affiliates to earn money
Principle 2: Run your program like a professional
Principle 3: Build an affiliate recruitment system
By the end of the course, you'll have a clear picture of how affiliate marketing can work for your business.
🔗 Valuable Links:
Duracell CMO’s lessons for bringing low-interest brands into culture 📚 (Read Here)
$22,381 Worth of Marketing Advice in 63 Minutes 🧠 (Watch Here)
Learn Copywriting in 76 Minutes - Harry Dry 📝 (Full Podcast)
How was the newsletter? |
See you next weekend,
- Armaan