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posted by Will Weatherly Feb 04,2014 @ 05:37PM

Why Marketing? In one sentence.

Friends ask me. Businesses ask me. Pastors ask me. Aspiring undergrads ask me. And certainly, I’ve asked myself -- why marketing?

In response, I used to spill out an unconvincing variety of half-baked sentiments which regularly required too many compound sentences, too much industry speak, and far too many occurrences of the word “brand.” Looking back now, I assume this was mostly just missing forest for trees.

Luckily, earlier this year, The Personal MBA by Josh Kaufman afforded me a new, holistic framework for my thoughts in the form of a keep-it-simple definition for business. According to Josh, a business is a repeatable process that:

1) Creates something of value

2) That other people want or need

3) At a price they're willing to pay

4) And delivers it in a way that satisfies expectations

5) While generating enough profit to make repeating the process worthwhile

Upon reading this, I recognized that all my scattered ideas of marketing, which had previously floated about unintelligibly, were settling quickly and comfortably into the space between elements 1 and 2.

What’s more, as my newfound marketing clarity emerged, I noticed it held together nicely when applied to the context of non-profit, personal, or any other type of marketing.

So, why marketing? (Here it comes...)

Marketing creates a connection between things of great value and the entities that will value them greatly.

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Topics: Business, Musings

 

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