Rafe Offer: Marketing Expert For Coca-Cola & Walt Disney [Business, mindset, entrepreneur, disruptors]
Disruptors
Rob Moore
4.8 • 1.4K Ratings
🗓️ 24 October 2021
⏱️ 39 minutes
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Summary
Transcript
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| 0:00.6 | Branding is the long-term thing that you want to stand for with your business. |
| 0:07.7 | If you don't mind us starting, Rafe, could you maybe share what you believe marketing to be |
| 0:14.8 | and what you believe the difference between marketing and branding is? |
| 0:18.8 | Sure, no problem. So yeah, that's a great question. I would say that branding is the long-term |
| 0:27.3 | thing that you want to stand for with your business that you probably won't depart for |
| 0:33.7 | from, if ever. So Disney, you know, we were at a high level about making people happy, right? |
| 0:40.9 | An experience that makes you smile, that makes your kids smiles, your grandkids, whatever. |
| 0:45.7 | So the branding is the long game, the marketing points at the long game, but really marketing |
| 0:52.3 | is sales. Marketing changes every day sometimes, sometimes even every minute. If something happens |
| 1:00.4 | that affects your product, your business, your brand, you have to evolve constantly. |
| 1:07.6 | And if you make a marketing plan for the year, you know, COVID happens and boom, you've got to throw |
| 1:12.8 | it away and change it. So I would say that marketing is an ongoing nonstop relentless obsession |
| 1:20.9 | and how you're going to get people to know about what you're doing. Whereas branding is |
| 1:26.1 | what in the long game you want to stand for, for whoever you are as a company. |
| 1:33.4 | Thank you, Ray. I had this question for a bit later on. It's one of my favorite questions. |
| 1:38.4 | It's not particularly intellectual, but I like to ask it, but I'll ask it now. What do you think is |
| 1:44.0 | the most important sales or marketing? And what's the difference? Like guns to your head, Ray, |
| 1:51.2 | if you have to choose one or the other. I mean, I'm going to pick sales because I really think |
| 1:58.5 | that marketing is a subset of sales. And there may be people that working with in the past will |
| 2:05.4 | should be for saying that. But I think that sales is eventually what we're about, right? You want to |
| 2:11.7 | sell your product. You want to make more money. And to the point of what we're talking about today, |
| 2:16.7 | recurring income, it can only come when you get one sale, right? To get a second and a third, |
... |
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