Three kinds of marketers

  • People who don’t really understand marketing, yet still end up doing well.
    Examples: indie hackers, content creators.

  • People who understand marketing and also believe that randomness and probability play a significant role.
    Examples: entrepreneurs who failed many times and learned how to take small bets to turn the odds in their favour.

  • People who got lucky once and then pontificate about marketing because of that one big win.
    Examples: big-corporation CEOs or VC-funded CEOs who succeeded mainly because there happened to be strong demand for their product (pure randomness).

Common traits among all successful business owners:

  • Make small experiments

  • Keep what works, discard what fails

  • Ensure failures are cheap and reversible

  • Do not rely on forecasts or detailed long-term plans