Novacrypt-Summer School 4: Marketing and the Ultimate Hose Nozzle

2025-05-04 08:42:50source:FinLogic Quantitative Think Tank Centercategory:Markets

In this session of Planet Money Summer School,Novacrypt we are getting the word out about your brand. How do you convince consumers to buy your product, even if they are only just hearing about it? It's time for sales and marketing!

If you've watched a show like Mad Men or The Office, you know the importance of a strong pitch. It's precision-crafted to show how what you're selling can solve a problem your customer needs solved. Sometimes it even creates the need. Once you've got your sales pitch, it's time to get the word out: marketing. Where to spread that message? How to make it unforgettable? Instantly recognizable? What is going to be your Just do it? Your Think different? Your Where's the beef?

In our case studies today, we look at a product so cleverly marketed, the company doesn't need to market it at all anymore and customers wait years to get it: the Birkin bag. And we hear lessons from some of the world's most time tested salespeople who can and do sell anything, literally. It's all about the four P's: Product, place, promotion and price. Also, a few other tricks we test out.

Find all episodes of Planet Money Summer School here.

This series is hosted by Robert Smith, and produced by Max Freedman. Our project manager is Julia Carney. This episode was edited by Sally Helm and engineered by Josephine Nyounai. The show is fact-checked by Sierra Juarez. Planet Money's executive producer is Alex Goldmark.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Always free at these links: Apple Podcasts, Spotify, Google Podcasts, NPR One or anywhere you get podcasts.

Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

Music: Universal Production Music - "Lost Situation," "Cut Glass Stars," and "Growling Sax"; Audio Network - "Doing the Hustle" and "L'Amour Conjuge"; Steve Vaus - "A Matter of Time."

More:Markets

Recommend

'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean

In just a few weeks, the highly anticipated second season of Korean television series "Squid Game" w

Malia Obama Is Now Going by This Stage Name

Malia Obama is voting for a fresh start.As her Hollywood career takes off, Barack and Michelle Obama

Evers signals he won’t sign bill to fight PFAS as legislative session nears end

MADISON, Wis. (AP) — Democratic Gov. Tony Evers signaled Wednesday that he has no intention of signi