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From the article: > Marketers are often most successful at marketing their own marketing. I've seen this play out at places I've worked. After raising a fundi
by SaberTail 7y ago
From the article:
> Marketers are often most successful at marketing their own marketing.
I've seen this play out at places I've worked. After raising a funding round, marketing sold the leadership on letting them burn the lion's share of it, even though launching new marketing campaigns was never on the list of reasons we initially went out to raise money.
- bryanmgreen 7y agoI think that's a self-preservation tactic for many that often backfires. Most non-marketing management people want immediate and huge results... which are both hard to quantify and impossible to get without overspending or having an insanely lucky idea that goes viral. Naturally this leads to asking for a bigger budget and promising bigger results, then KPIs aren't met for X, Y, Z reasons, then they're forced to justify the spend, then they either get more budget or get fired and the cycle repeats. Marketing has too many intangibles, so marketers always feel a need to justify themselves out of fear of being an easy target.
- Roritharr 7y agoWhat do marketing management people want?
- bryanmgreen 7y agoI mean, immediate huge results are great if they happen. Really, they want what everyone else wants - ability to test ideas and executions before committing to a budget or unreasonable KPIs.
- onlyrealcuzzo 7y agoI'd be nervous to work for a company where one of the co-founders isn't a marketer. Marketing is usually one of the biggest line items for a business. When your marketing team has little incentive to actually deliver, they're likely to ask for a ton of money only to add impressive things to their resumez, not really to deliver on their promises to the business. If a founder is in charge of marketing, s/he's got a lot of reasons to deliver: founder's equity.
- sushid 7y ago> I'd be nervous to work for a company where one of the co-founders isn't a marketer. I'd be nervous if there were a co-founder who is a marketer (unless it's literally a marketing startup). Take a look at some of the hottest tech companies right now (recent IPO, FAANG, pre-IPO, YC darlings). Would you be really afraid to work for a FAANG, or hot recent IPOed companies like Zoom or PagerDuty, or pre-IPO companies like Stripe or Flexport because of the (co)founders' non-marketing background?
- Gibbon1 7y agoIn most industries it takes one to two years for people interested in your product to notice you and start trying out your product. And another one to two years for them to decide incorporate your product into their future business. And another year or two to generate strong profits. So 3-6 years.
- FussyZeus 7y agoThis feels like a multi-billion dollar industry in which every entity involved has the ability to sink the entire thing, and simply stated, nobody does because they all make money from it.
- user5994461 7y agoMarketing departments are burning money like mad. It's google and other brokers that make a ton of money.
- FussyZeus 7y agoI mean most ad-tech firms can be considered successes by Silicon Valley's standards, and why would the marketing departments of corporations blow the whistle? They're making money too, probably twice a week, direct deposited.
- komali2 7y agoThere's twitter and facebook ads in the san francisco bart system and I just don't fucking understand who in SF isn't aware of twitter and facebook or what they're about.
- charia 7y agoAre they just advertising the companies directly? There are cases where advertising even in a "saturated" area makes sense. If FB feels like features like facebook marketplace or facebook dating are not reaching as big of an audience as they should, advertising to get the word out about those particular products the company offers is logical.
- seem_2211 7y agoThere's a difference between performance and brand marketing. Bart advertising by Twitter/ Facebook is mostly brand marketing (not really tied to anything). A lot of marketing is about reminding you that a company exists.