Book Summary
Purple Cow is a book by Seth Godin that discusses the importance of being remarkable in the market as one of the key marketing essentials. The metaphor of the purple cow is used to signify that among cows, one with a different colour stands out, like a unique product that holds a higher position in its sales compared to other products and attracts more customer attention.
Godin, a prominent figure in the field of management and marketing, believes that it's not necessary to have the best or most complete product to be considered different, but having specific and distinct features can help introduce your product with more differentiation to consumers compared to other market offerings. One feature of the written book is its simplicity, making it easily understood by individuals with varying levels and types of personal knowledge.
Godin introduces a concept of remarkable marketing through the unique expression "Purple Cow", aiming to create a type of marketing distinctiveness. He adds another "P" to the traditional 4P marketing model, which includes product, price, place, and promotion, meaning that besides meeting customer needs, a special feature should also be created in our business's product to ensure customers have the highest loyalty and return towards us as producers and suppliers. One very important point discussed further is the risk associated with innovation, which always comes with initiative.
While taking this risk may challenge a company, if done intelligently, the likelihood of failure will be lower, leading to significant growth and progress. However, the loss of not taking risks is greater because resembling other organizations and their products will quickly eliminate any business from the competition spiral. Another aspect discussed is becoming a market leader, which certainly becomes possible by imitating current market leaders and merely copying and imitating will result in falling behind in the market, whereas various innovations can make an entrepreneur and supplier a market leader who can take control of the market pulse.
Another recommendation Godin makes in his book to business owners is putting their main and ideal customers at the forefront in a way that through accurate information and satisfying them with the product they purchase, they will make those same individuals eager to buy from that company through methods like word-of-mouth marketing.
About the Author
Seth Godin is an American author, speaker, and entrepreneur born on July 10, 1960. Known for his uniqueness and innovative thinking, he holds an MBA from Stanford University and co-founded an active internet advertising company, which he sold to Yahoo in 1998. His primary source of income comes from educational products and his writings, and he has other notable works such as "Linchpin," "The Practice" and "Poke the Box" in his portfolio.
Who Should Read the Book?
Since Purple Cow is about marketing concepts, it is recommended for business owners, especially those who are trying to offer interesting and appealing products to customers. It is also recommended for entrepreneurs who want to distance themselves from old and traditional marketing methods, create differentiation in their products using modern techniques, and offer them to customers. They should definitely take advantage of the teachings of this book.
Table of Contents
The book's contents are presented in 8 main sections with the following titles:
- Being Remarkable is Not a Death Sentence for a Company
- Increasing Advertising Volume Has Diminished Its Impact
- Products Must Be Extraordinary to Differentiate in the Modern World
- Taking Risks is a Safer Strategy Than Playing it Safe
- Focus on Customers Willing to Try New Things
- Marketing Means Creating a New Product
- Look for People for Whom Your Product is a Solution
- Many Companies Fear Criticism and Changes Related to Being Different.