📖 The 22 Immutable Laws of Marketing By Al Ries

Topic: Branding | Medium: Audible | Rating: 2.5/5

Honestly found this quite boring 😅

Notes:

• Being first is better than being better.
• Generic name - becomes synonyms with the product (eg Coca Cola, Xerox).
• Be the first product in the Customer’s mind.
• If not first, make the category.
• Promote what you’re first in.
• Battle of perception - not the actual features/products but what they think about the brand. And what why known for (e.g., car vs. motor vehicle)
• One word or benefit (e.g., thicker sauce).
• Halo effect.
• Can only be the one associated with that word - exclusivity.
• Duracell vs Energizer bunny.
• Not say we will be number 1 - we are second and we work harder.
• Some try to be better, be different.
• The alternative. Opposite attribute.
• Candor - negative is taken is truth . Positive you need to prove.
• Make fun of yourself. Then set up the positive/benefit. (e.g., "as exciting as insurance gets" playing fun of a boring industry, or listerine tastes yuck but must kill germs)
• Spend money on advertising!
• Ideas without money is worthless.
• Why rich get rich.
• You can save to riches.

The Laws (chapters):

1. The Law of Leadership
2. The Law of the Category
3. The Law of the Mind
4. The Law of Perception
5. The Law of Focus
6. The Law of Exclusivity
7. The Law of the Ladder
8. The Law of Duality
9. The Law of the Opposite
10. The Law of Division
11. The Law of Perspective
12. The Law of Line Extension
13. The Law of Sacrifice
14. The Law of Attributes
15. The Law of Candor
16. The Law of Singularity
17. The Law of Unpredictability
18. The Law of Success
19. The Law of Failure
20. The Law of Hype
21. The Law of Acceleration0
22. The Law of Resources