Podcast Summary: SPECIAL SERIES: The 7 Deadly Sins of Marketing | Bathroom Break #51 š½
Podcast Information:
- Title: The Marketing Millennials
- Host: Daniel Murray
- Episode: SPECIAL SERIES: The 7 Deadly Sins of Marketing | Bathroom Break #51 š½
- Release Date: April 14, 2025
- Description: In this special episode of "Bathroom Break," Daniel Murray collaborates with Jay Schwedelson from the "Do This, Not That" podcast to dissect the seven deadly sins of marketing. Geared towards marketing professionals seeking actionable insights, this episode delves deep into common pitfalls and strategic missteps that can derail effective marketing campaigns.
Introduction to the Bathroom Break Series
[00:01] Daniel Murray:
Daniel introduces the "Bathroom Break" series as a quick, 10-minute deep dive into essential marketing tips, perfect for multitasking listeners. He humorously suggests that listeners might choose to listen while taking a bathroom break but advises against trying both simultaneously for maximum benefit.
[00:13] Jay Schwedelson:
Jay echoes Daniel's introduction, emphasizing the collaborative nature of the series where they share concise marketing tips. He sets the stage for the episode's focus on the "Seven Deadly Sins of Marketing."
1. Marketing to Everyone vs. Targeting One Persona
[02:03] Daniel Murray:
Daniel identifies the first sin as marketing to a broad audience. He argues that targeting everyone leads to vague messaging and diluted campaigns, making brands indistinguishable from competitors. Instead, he advocates for "marketing to one person"āfocusing on a specific persona who is most likely to purchase the product.
Quote:
"Market to one person. Because if nobody sees themselves and your brand, then nobody's gonna buy your brand."
ā Daniel Murray [02:03]
[02:42] Jay Schwedelson:
Jay concurs, reinforcing the idea that trying to appeal to everyone results in appealing to no one. He highlights the importance of identifying and focusing on a specific target audience to ensure messaging resonates.
2. Reliance on Best Practices
[03:29] Jay Schwedelson:
Jay criticizes the blind adherence to "best practices," labeling them as often outdated and ineffective. He points out that many companies regurgitate old strategies, neglecting to test their validity in current contexts. Jay urges marketers to question and test best practices rather than follow them unquestioningly.
Quote:
"The overwhelming majority of best practices are garbage. They're outdated by the time they become a best practice, they're useless."
ā Jay Schwedelson [03:29]
[03:29] Daniel Murray:
Daniel agrees, adding that following best practices can make marketers five years behind the curve, as these practices have already become mainstream and potentially obsolete.
3. Neglecting the Importance of Brand
[04:03] Daniel Murray:
Daniel introduces the third sin: treating brand as optional or conflating it with performance marketing. He clarifies that brand encompasses a company's reputation, every touchpoint, and the overall vibe that differentiates it from competitors. Daniel emphasizes that investing in brand is crucial and that brand and performance marketing should support each other.
Quote:
"Brand is your reputation. It's every touch point. It's your vibe. It's the reason people choose you when your product isn't different from everybody else."
ā Daniel Murray [04:03]
[04:30] Jay Schwedelson:
Jay builds on Daniel's point by discussing the pitfalls of "last click attribution" in performance marketing. He argues that relying solely on last-click data ignores the long-term, multi-channel efforts that keep a brand top of mind for consumers.
4. Overreliance on Last Click Attribution
[04:30] Jay Schwedelson:
Jay identifies last click attribution as a significant mistake in marketing. He explains that attributing conversions solely to the last interaction a consumer has with a brand overlooks the cumulative effect of ongoing marketing efforts. Jay advocates for a more holistic approach, recognizing that marketing is "surround sound" and requires presence across multiple channels over time.
Quote:
"Marketing is surround sound. You need to constantly be everywhere at all times. So when the person's in market for what it is that you sell, you are top of mind."
ā Jay Schwedelson [04:30]
[05:26] Daniel Murray:
Daniel expands on this by stressing the importance of strategic planning over mere tactical execution. He cautions against jumping into tactics like paid ads without a solid strategy underpinning them.
5. Skipping Strategy in Favor of Tactics
[05:26] Daniel Murray:
Daniel highlights the fifth sin as skipping strategy and diving straight into tactics. He observes that many marketers rush to implement tactics like paid ads, podcasts, or content calendars without defining the underlying strategy, target audience, or revenue ties. Daniel stresses the necessity of developing a comprehensive strategy first to ensure that chosen tactics align with overall marketing goals.
Quote:
"Come up with a strategy and then choose what tactics fit into that strategy, not the opposite way around."
ā Daniel Murray [05:26]
[06:19] Jay Schwedelson:
Jay agrees, sharing his own experiences of implementing ineffective tactics due to a lack of strategic focus. He underscores the importance of strategic planning to avoid releasing "garbage" content and ensures marketing efforts are effective and purposeful.
6. Relying on Industry Averages
[06:19] Jay Schwedelson:
Jay condemns the reliance on industry averages for metrics like open rates and click-through rates. He argues that every brand is unique in terms of offers, creativity, and customer perception, making industry benchmarks irrelevant. Instead, Jay recommends benchmarking against one's own past performance to drive continuous improvement.
Quote:
"Ignore industry averages. They take you down the wrong path."
ā Jay Schwedelson [06:19]
[07:26] Daniel Murray:
Daniel concurs, advising marketers to educate their leaders on the importance of individualized benchmarking. He warns against using industry averages as a performance yardstick, emphasizing that each campaign and strategy is distinct.
7. [Humorous Segment: Chipotle vs. Poo Tropical]
[07:48] Jay Schwedelson:
The seventh sin takes a humorous turn as Jay playfully advises avoiding Chipotle in favor of a fictional "Poo Tropical." This segment serves as a light-hearted conclusion to the serious discussion on marketing sins.
[07:58] Daniel Murray:
Daniel humorously counters by sharing a negative experience at Poo Tropical, reinforcing the joke and bringing a fun end to the episode.
Conclusion and Personal Anecdotes
[09:02] Daniel Murray & Jay Schwedelson:
As the conversation winds down, Daniel and Jay share personal anecdotes about birthdays and express camaraderie. They encourage listeners to follow their respective podcasts and engage with the "Marketing Millennials" community.
[10:34] Daniel Murray:
Daniel wraps up the episode by promoting the "Bathroom Break" series, inviting listeners to suggest future marketing topics and engage via LinkedIn.
[09:52] Jay Schwedelson:
Jay concludes with an enthusiastic shout-out to the Florida Gators, adding a personal touch and reinforcing the friendly rapport between the hosts.
Key Takeaways:
- Target Specific Audiences: Avoid broad targeting; focus on a well-defined persona to enhance messaging effectiveness.
- Question Best Practices: Test and validate best practices to ensure they are relevant and effective for your specific context.
- Prioritize Brand Building: Invest in brand reputation and ensure it complements performance marketing efforts.
- Adopt Holistic Attribution Models: Move beyond last-click attribution to recognize the multifaceted nature of marketing influences.
- Develop Robust Strategies: Establish clear marketing strategies before selecting tactics to ensure alignment with overall goals.
- Create Custom Benchmarks: Use internal benchmarks instead of industry averages to measure and improve performance accurately.
- Maintain a Sense of Humor: Even in serious discussions, maintaining a light-hearted approach can engage listeners and make complex topics more relatable.
Notable Quotes:
-
Daniel Murray:
"Market to one person. Because if nobody sees themselves and your brand, then nobody's gonna buy your brand."
[02:03] -
Jay Schwedelson:
"The overwhelming majority of best practices are garbage. They're outdated by the time they become a best practice, they're useless."
[03:29] -
Daniel Murray:
"Brand is your reputation. It's every touch point. It's your vibe. It's the reason people choose you when your product isn't different from everybody else."
[04:03] -
Jay Schwedelson:
"Ignore industry averages. They take you down the wrong path."
[06:19]
Final Thoughts:
This episode of "Bathroom Break" offers a comprehensive exploration of common marketing pitfalls, delivering actionable insights for marketers striving to refine their strategies. Through engaging dialogue and expert perspectives, Daniel Murray and Jay Schwedelson provide valuable guidance on avoiding the seven deadly sins of marketing, ensuring listeners are equipped to enhance their marketing effectiveness and drive business success.
For more insights and tips, follow Daniel Murray on Twitter and LinkedIn, and join The Marketing Millennials community on LinkedIn and Instagram. Donāt forget to subscribe to the Marketing Millennials newsletter for the latest updates and strategies.