Dan Martell - November 09, 2023


You can’t out market a bad product.


Episode Stats


Length

30 seconds

Words per minute

241.4248

Word count

122

Sentence count

9


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

You just can t out market a bad product. That's why the best companies like Apple have the best product because they have the most budget for innovation. They just announced the Apple credit card. Their ability to turn on profit centers at scale within their ecosystem is bar none the best. But how did they do that? They created the best products. Product development is a science that has been taught in universities for years. Most people just never study it. If I can get the buyer in the right headspace, I get to keep them for life. And if I keep a customer for life, my lifetime value goes up, which means I have more revenue to reinvest in

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 You just can't out-market a bad product.
00:00:01.980 That's why the best companies like an Apple
00:00:03.620 have the best product
00:00:04.640 because they have the most budget for innovation.
00:00:07.080 They just announced the Apple credit card.
00:00:08.480 Their ability to turn on profit centers at scale
00:00:12.680 within their ecosystem is bar none the best.
00:00:15.100 But how did they do that?
00:00:15.940 They created the best product.
00:00:17.240 Product development is a science
00:00:19.020 that has been taught in universities for years.
00:00:20.880 Most people just never study it.
00:00:22.060 If I can get the buyer in the right headspace,
00:00:24.860 I get to keep them for life.
00:00:26.000 And if I keep a customer for life,
00:00:27.220 my lifetime value goes up,
00:00:28.320 which means I have more revenue to reinvest in
00:00:29.960 growth.