Treat failure as a lesson on how not to approach achieving a goal, and then use that learning to improve your chances of success when you try again. Failure is only the end if you decide to stop.
Richard BransonRead
Free publicity and word of mouth is probably the best and cheapest form of advertising. Learn to use it to your advantage.
Interpretation
Utilizing free publicity and word of mouth can be the most effective and economical way to promote a brand.
The quote emphasizes the power of free publicity and word of mouth as highly valuable forms of advertising, suggesting that they can be more impactful than paid advertising methods. Richard Branson encourages individuals and businesses to leverage these organic promotional strategies to enhance their visibility and reach, highlighting their cost-effectiveness and potential for widespread influence.
In practice
In a marketing seminar, a speaker could use this quote to highlight the effectiveness of organic growth strategies.
Treat failure as a lesson on how not to approach achieving a goal, and then use that learning to improve your chances of success when you try again. Failure is only the end if you decide to stop.
It's a common misconception that money is every entrepreneur's metric for success. It's not, and nor should it be.
Some 80% of your life is spent working. You want to have fun at home; why shouldn't you have fun at work?
Values cannot be speedily forgotten if it is inconvenient or commercially expedient. Values have to have meaning and longevity; otherwise they are valueless. You cannot embrace innovation up to a point or only sometimes. Branding demands commitment; commitment to continual re-invention; striking cords with people to stir their emotions; and commitment to imagination. It is easy to be cynical about such things, much harder to be successful.
Please donβt get hung up on this question of whether you need to have experience in an industry before you launch your startup.
What's the most critical factor in any business decision you'll ever have to make? Basically, it boils down to this question: If this all crashes, will it bring the whole house tumbling down like a pack of cards? One business matra remains embedded in my brain - protect the downside.
Styling cars sells cars and safety does not.
People rarely buy what they need. They buy what they want.
It takes a big idea to attract the attention of consumers and get them to buy your product. Unless your advertising contains a big idea, it will pass like a ship in the night. I doubt if more than one campaign in a hundred contains a big idea.
If a brand wants to build social communities, capital and influence, it must become the chief celebrant of its community, not its celebrity. This simple shift in approach unlocks enormous transformative potential for brands.
Marketing is not the art of finding clever ways to dispose of what you make. It is the art of creating genuine customer value.
The work of an advertising agency is warmly and immediately human. It deals with human needs, wants, dreams and hopes. Its 'product' cannot be turned out on an assembly line.
Subscribe for the occasional hand-picked quote. No noise.