How to Create a Marketing Moat Around Your Business
Marketing School - Digital Marketing and Online Marketing Tips
Eric Siu and Neil Patel
4.6 • 1.4K Ratings
🗓️ 12 March 2023
⏱️ 6 minutes
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| 0:00.0 | Welcome to Marketing School, the only podcast that provides daily top-level marketing tips and strategies from entrepreneurs that practice what they preach and live what they teach. |
| 0:11.5 | Let's start leveling up your marketing knowledge with |
| 0:14.0 | your instructors Neil Patel and Eric Sue. |
| 0:20.1 | Today we are going to talk about how to create a marketing moat around your business. |
| 0:25.0 | So Uncle Warren Buffett and Charlie Munger like to talk about creating moats around the business, right? |
| 0:30.0 | So you think about a castle, a castle has the water, right? |
| 0:32.0 | And then the bridge, you can bring the drawbridge up, so you have a moat, |
| 0:34.9 | so you're more defensible, you're more protected. |
| 0:37.6 | And the Val Ravakant likes to say that there's four forms of leverage. |
| 0:40.8 | You have code, you have capital, you have labor, and you have media, right? |
| 0:45.4 | In this context, we're going to talk more about media. We're going to talk about how to defend your |
| 0:48.7 | business more around media. And to us, honestly, like media marketing are kind of the same thing like I met a |
| 0:54.4 | guy at dinner yesterday he's like I have a media company I was like didn't compute for me I was like in |
| 0:57.9 | marketing so anyway yeah, you know, people love buying from brands that they know and they trust. |
| 1:06.8 | The way you do this is you create a media company. |
| 1:10.1 | Like, in all reality, if you look at at Nike they really do have a moat what's their moat their moat is their brand |
| 1:17.6 | Why is Nike so much more popular than Adidas or FIFA shoes or New Balance shoes balance shoes. |
| 1:23.0 | People just love Nike and the brand. |
| 1:25.0 | Like honestly, can New Balance go create a running shoe |
| 1:29.0 | just as good as Nike? |
| 1:30.0 | Sure, I don't think it's rocket science. |
| 1:32.0 | But what makes Nike special is the brand |
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