Marketing overall doesn’t need to be effective marketing to me. It really depends on the product and strategy, YouTube can sell anything other options need to be product specific.
Being the value option is enabled by lower advertising spend but it also needs less advertising spend because it doesn’t look overpriced in comparison. PR firms for example may be able to get a few articles written quietly pushing your product. https://paulgraham.com/submarine.html However spending 100x as much doesn’t get you 100x as many articles. Diminishing returns hit hard and YouTube or other mass market advertisers is low on that list.
Companies can employ multiple strategies, Lexis and Toyota are car brands under the same entity targeting essentially completely different customers bases with two completely independent advertising budgets.
Being the value option is enabled by lower advertising spend but it also needs less advertising spend because it doesn’t look overpriced in comparison. PR firms for example may be able to get a few articles written quietly pushing your product. https://paulgraham.com/submarine.html However spending 100x as much doesn’t get you 100x as many articles. Diminishing returns hit hard and YouTube or other mass market advertisers is low on that list.
Companies can employ multiple strategies, Lexis and Toyota are car brands under the same entity targeting essentially completely different customers bases with two completely independent advertising budgets.