A professor explained marketing to MBA students:
Edited it a bit from source: https://www.reddit.com/r/marketing/comments/3f0xha/a_very_simple_breakdown_of_marketing/
- "You see a gorgeous girl at a party. You approach her and say 'I'm rich, marry me.' That's DIRECT MARKETING."
- "You attend a party and your friend approaches a gorgeous girl and says 'That's my friend. He is very rich. Marry him.' That's ADVERTISING."
- "You attend a party and a gorgeous approaches you. She says 'You are very rich. Marry me.' That's BRAND RECOGNITION."
- "You approach a gorgeous girl at a party. You explain to her that you are very rich and that she should marry you. She slaps you in response. That's CUSTOMER FEEDBACK."
- "You approach a gorgeous girl at a party and explain to her that you are very rich and that she should marry you. She introduces her husband. That's DEMAND & SUPPLY GAP."
- "You see a gorgeous girl at a party. You go up to her and before you say anything, another person come and tell her: 'I'm rich. Will you marry me?' and she goes with him. That's COMPETITION EATING INTO YOUR MARKET SHARE."
- "You see a gorgeous girl at a party and just as you are about to approach her, your wife arrives. That's RESTRICTION FROM ENTERING NEW MARKET."
- "A hot girl walks in saying 'I need a rich husband'. You hold up a sign, saying 'Husbands Available: $1M+ Net Worth!'. She comes up to you and talks to you. Later you pay Google for that. That's PAY PER CLICK MARKETING."
- "You booty-call a girl you hooked up with last weekend, seeing if she's up for it again. She is. That's CRM."
- "You see a gorgeous girl at a party and say Marry me Marry me Marry me Marry me Marry me Marry me Marry me Marry me Marry me Marry me Marry me Marry me Marry me Marry me Marry me Marry me Marry me Marry me" That's SPAM."
- "You see a gorgeous girl at a party. You approach her and say 'I'm rich, marry me.' You marry her and then she files for divorce and takes half your stuff making you wonder what the hell were you thinking when you spend all that money on her. That's FREEMIUM."
Edited it a bit from source: https://www.reddit.com/r/marketing/comments/3f0xha/a_very_simple_breakdown_of_marketing/
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