One tweet by SpaceX and Tesla CEO Elon Musk can fluctuate the cryptocurrency market and stocks of many companies. This shows the influence of the founders of giant companies on the whole world's economy. With Tesla, one thing is sure that executives should come online and become the face of their company on social media platforms. Elon Musk is one of the most influential businessmen who knows how exactly social media marketing works. In this article, we will discuss Tesla's Marketing Strategy, how it began and why it is essential for the company's founder to be the face of the company on social media.
Text for Tesla Motors: At the Intersection of Innovation and IntegrationGreg Papay
This is the text for the slide deck Tesla Motors: At the Intersection of Innovation and Integration. It looks at Tesla's business model and analyzes how we can apply their thoughts across our practices.
For your assignment this week, in 2-3 pages think of a work-relate.docxalisoncarleen
For your assignment this week, in 2-3 pages think of a
work-related failure
that you experienced or you are aware of and after describing it,
answer the following questions:
What individual and/or organizational factors might have contributed to the failure?
What was the manager's or organization's reaction to the failure? How does that reaction compare to what you learned in this week's lesson?
Did it become a learning experience? If so, in what way? If not, why not?
Based on what your learned would you describe this organization as innovative? Why or why not?
+++++++++++++++++++++++++++++++++++++++++++++++++++++++
Lecture Reading
Last week we learned that we minimize risk associated with innovation by managing a portfolio of innovations. That risk results when innovative ideas don’t result in marketable products or reduced costs. This week we focus on the culture of failure.
There are many legends about the innovative success of companies and their founders, including great financial rewards. Microsoft and Google both started life in a garage and their founders are now billionaires!
It’s easy to assume that the products or processes in these stories were “light bulb” ideas, generated in full form and ready for the market. What we don’t usually hear about are products that were tested by these same companies but were not successful, about the financial investments made in trial products that never earned a return.
Apple, often considered the most innovation-driven companies in the world, and certainly, the company that has launched the most disruptive innovation in the last decade, has also acquired experience in innovation failure. A few years ago, it launched its Maps application which caused controversy, leading CEO Tim Cook to publicly apologize.
Dannon has invested millions in developing a new kind of yogurt, one that claimed to offer benefits to the skin. The result?
Essentis
was retired from the market.
Microsoft has failed many times as well, such as with its Zune Player. And, even in its core business, the operating systems Windows Vista and Windows 8 have caused controversy.
French automobile maker Renault has also failed to penetrate the high-end market segment with its VelSatis.
Google, often considered to be a paragon of innovation, has failed many times. Its product meant at competing against Wikipedia, called
Knol
, has been discontinued. Google Reader and Google Buzz
failed (Links to an external site.)Links to an external site.
, as well. Most of its successful innovations were, in fact, start-up acquisitions such as YouTube.
Today the conventional wisdom is that innovative companies need to be prepared for
failures
. Author Langdon Morris stated “A healthy percentage of projects should fail, because failure is an indication that we are pushing the limits of our current understanding hard enough to be sure that we are extracting every last bit of value from every situation and at the same ...
Tesla, Inc. (previously known as Tesla Motors, Inc.), is an Am.docxbradburgess22840
Tesla, Inc. (previously known as Tesla Motors, Inc.), is an American car maker and energy company established in Palo Alto, California. The association has some expertise in electric vehicle production and, through its SolarCity backup, solar panel board manufacturing. Tesla works in various assembly plants and production plants, such as Gigafactory 1 close to Reno, Nevada, and its core vehicle producing office at Tesla Factory in Fremont, California. As of March 2019, Tesla sells Model X, 3, and S cars. It is tolerating bookings for the Roadster (2020), Model Y, and Semi vehicles. Tesla additionally sells Powerpack, Megapack, and Powerwall batteries, Solar based panel boards, Solar based rooftop tiles [footnoteRef:1]. [1: Introduction (Reference 1)]
Tesla was established in July 2003, by engineers Marc Tarpenning and Martin Eberhard, under the name Tesla Motors. The organization's name is a honor to Nikola Tesla who was an engineer. In the initial stages of Series A funding, Tesla Motors was joined by Elon Musk, Ian Wright and Ian Wright, everyone who joined the company are permitted to call themselves as co-founders of the corporation. Elon Musk, who in the past worked as Chairperson and is the current CEO, said that he envisioned Tesla Motors as an independent automaker and technology organization, went for in the long run offering electric vehicles at costs reasonable to the normal customer. Tesla Motors changed its name to Tesla in February 2017 [footnoteRef:2]. [2: Tesla motors Inc.]
Following 10 years in the market, Tesla situated as the world's first-class plug-in vehicle creator in 2018, both as a brand and via car gathering, with 245,240 units were conveyed with a piece of the overall industry of 12% in the module portion vehicle deals. Tesla vehicle deals in the United States of America extended by 280% from 48,000 out of 2017 to 182,400 by 2018, and around the world were expanded by 138% from 2017. In 2019, Tesla got support to start their generation in China [footnoteRef:3]. [3: Tesla cars ranked as top-rated plug-in car maker]
As of March 2018, Tesla had given 6 product recalls for the Model S, 2 for the Model X, two for the Roadster [footnoteRef:4]. [4: Recalls]
On June 4, 2017, the (American Automobile Association -AAA) raised insurance rates for Tesla car buyers following a report from the (Highway Loss Data Institute - HLDI). The report presumed that the Model S crashes 46% more frequently and is fifty percent more costly to fix it when compared to the other cars in the industry [footnoteRef:5]. Likewise, the Model X was determined to crash 41% more frequently and to be 89% more costly to fix than comparative vehicles [footnoteRef:6]. Accordingly, American Automobile Association increased insurance rates on Tesla vehicles by 30%. Tesla said that the investigation is "severely flawed and not reflective of reality”, in any case, Tesla neglected to give any conflicting numbers. Presently, Russ Rader, the represen.
Text for Tesla Motors: At the Intersection of Innovation and IntegrationGreg Papay
This is the text for the slide deck Tesla Motors: At the Intersection of Innovation and Integration. It looks at Tesla's business model and analyzes how we can apply their thoughts across our practices.
For your assignment this week, in 2-3 pages think of a work-relate.docxalisoncarleen
For your assignment this week, in 2-3 pages think of a
work-related failure
that you experienced or you are aware of and after describing it,
answer the following questions:
What individual and/or organizational factors might have contributed to the failure?
What was the manager's or organization's reaction to the failure? How does that reaction compare to what you learned in this week's lesson?
Did it become a learning experience? If so, in what way? If not, why not?
Based on what your learned would you describe this organization as innovative? Why or why not?
+++++++++++++++++++++++++++++++++++++++++++++++++++++++
Lecture Reading
Last week we learned that we minimize risk associated with innovation by managing a portfolio of innovations. That risk results when innovative ideas don’t result in marketable products or reduced costs. This week we focus on the culture of failure.
There are many legends about the innovative success of companies and their founders, including great financial rewards. Microsoft and Google both started life in a garage and their founders are now billionaires!
It’s easy to assume that the products or processes in these stories were “light bulb” ideas, generated in full form and ready for the market. What we don’t usually hear about are products that were tested by these same companies but were not successful, about the financial investments made in trial products that never earned a return.
Apple, often considered the most innovation-driven companies in the world, and certainly, the company that has launched the most disruptive innovation in the last decade, has also acquired experience in innovation failure. A few years ago, it launched its Maps application which caused controversy, leading CEO Tim Cook to publicly apologize.
Dannon has invested millions in developing a new kind of yogurt, one that claimed to offer benefits to the skin. The result?
Essentis
was retired from the market.
Microsoft has failed many times as well, such as with its Zune Player. And, even in its core business, the operating systems Windows Vista and Windows 8 have caused controversy.
French automobile maker Renault has also failed to penetrate the high-end market segment with its VelSatis.
Google, often considered to be a paragon of innovation, has failed many times. Its product meant at competing against Wikipedia, called
Knol
, has been discontinued. Google Reader and Google Buzz
failed (Links to an external site.)Links to an external site.
, as well. Most of its successful innovations were, in fact, start-up acquisitions such as YouTube.
Today the conventional wisdom is that innovative companies need to be prepared for
failures
. Author Langdon Morris stated “A healthy percentage of projects should fail, because failure is an indication that we are pushing the limits of our current understanding hard enough to be sure that we are extracting every last bit of value from every situation and at the same ...
Tesla, Inc. (previously known as Tesla Motors, Inc.), is an Am.docxbradburgess22840
Tesla, Inc. (previously known as Tesla Motors, Inc.), is an American car maker and energy company established in Palo Alto, California. The association has some expertise in electric vehicle production and, through its SolarCity backup, solar panel board manufacturing. Tesla works in various assembly plants and production plants, such as Gigafactory 1 close to Reno, Nevada, and its core vehicle producing office at Tesla Factory in Fremont, California. As of March 2019, Tesla sells Model X, 3, and S cars. It is tolerating bookings for the Roadster (2020), Model Y, and Semi vehicles. Tesla additionally sells Powerpack, Megapack, and Powerwall batteries, Solar based panel boards, Solar based rooftop tiles [footnoteRef:1]. [1: Introduction (Reference 1)]
Tesla was established in July 2003, by engineers Marc Tarpenning and Martin Eberhard, under the name Tesla Motors. The organization's name is a honor to Nikola Tesla who was an engineer. In the initial stages of Series A funding, Tesla Motors was joined by Elon Musk, Ian Wright and Ian Wright, everyone who joined the company are permitted to call themselves as co-founders of the corporation. Elon Musk, who in the past worked as Chairperson and is the current CEO, said that he envisioned Tesla Motors as an independent automaker and technology organization, went for in the long run offering electric vehicles at costs reasonable to the normal customer. Tesla Motors changed its name to Tesla in February 2017 [footnoteRef:2]. [2: Tesla motors Inc.]
Following 10 years in the market, Tesla situated as the world's first-class plug-in vehicle creator in 2018, both as a brand and via car gathering, with 245,240 units were conveyed with a piece of the overall industry of 12% in the module portion vehicle deals. Tesla vehicle deals in the United States of America extended by 280% from 48,000 out of 2017 to 182,400 by 2018, and around the world were expanded by 138% from 2017. In 2019, Tesla got support to start their generation in China [footnoteRef:3]. [3: Tesla cars ranked as top-rated plug-in car maker]
As of March 2018, Tesla had given 6 product recalls for the Model S, 2 for the Model X, two for the Roadster [footnoteRef:4]. [4: Recalls]
On June 4, 2017, the (American Automobile Association -AAA) raised insurance rates for Tesla car buyers following a report from the (Highway Loss Data Institute - HLDI). The report presumed that the Model S crashes 46% more frequently and is fifty percent more costly to fix it when compared to the other cars in the industry [footnoteRef:5]. Likewise, the Model X was determined to crash 41% more frequently and to be 89% more costly to fix than comparative vehicles [footnoteRef:6]. Accordingly, American Automobile Association increased insurance rates on Tesla vehicles by 30%. Tesla said that the investigation is "severely flawed and not reflective of reality”, in any case, Tesla neglected to give any conflicting numbers. Presently, Russ Rader, the represen.
What can we learn from Elon Musk and his Cybertruck launch? Be prepared for some deep and valuable marketing and business tricks and strategies that can impact your business.
PR secrets of Tesla, Slack, Uber, Facebook, Salesforce,... FINN
For years now, European media have reported breathlessly on every step of Silicon Valley tech giants like Uber, Tesla, Salesforce and Slack - and their founders Elon Musk, Travis Kalanick, Stewart Butterfield and Marc Benioff.
Why do they seem so endlessly fascinating to media - and what can we learn from them?
Whether you're the founder of a European scale up or a corporate communication manager trying to find new ways to increase the reputation of your executive team in your industry, this webinar is sure to inspire you with insights, strategies and tactics.
How to be more like Elon Musk (and less like a wimp who isn't changing the wo...Dent Global
Elon Musk is the creator of 4 multi-billion dollar companies - PayPay, SpaceX, Tesla and SolarCity. Each is a game changer with the potential to improve the world.
Here's five skills he uses to create an impact that you can immediately adopt.
To measure and improve these skills visit - www.keypersonofinfluence.com/scorecard
Since the inception of this social media giant as one of the biggest platforms for social media marketing, many brands have created their facebook pages and have been indulging in facebook campaigns to a great extent. There is no denying the fact that Facebook has transformed into an appropriate tool for marketing products and services largely as well as also for branding activities.
Since the inception of this social media giant as one of the biggest platforms for social media marketing, many brands have created their facebook pages and have been indulging in facebook campaigns to a great extent. There is no denying the fact that Facebook has transformed into an appropriate tool for marketing products and services largely as well as also for branding activities.
GAFAnomics Tesla Volume 2 - Is Tesla the disruptor we need?Fabernovel
Valued at 210 billion dollars, that is to say the valuations of Ford, GM, Draimler, PSA and Uber combined, Tesla, the leading company in electric car sales, recently became the world's leading manufacturer ahead of Toyota. It is because the company has succeeded in breaking the codes of a century-old industry, symbol of the industrial model of the 20th century, that Tesla deserves its place at the top of the list of the most disruptive companies. Fabernovel presents its new study "Is Tesla the disruptor we need? which reveals the secrets of its success but also provides thought on the future of mobility, which the company has not disrupted to date.
Social media marketing is a hot topic for SEO and Internet marketing firms. But all it takes for businesses to master this is a feel for what drives the audience and a good amount of planning.
Brand Lessons from the Corporate Social Media SummitMarque Creative
With special thanks Rohit Bhargava who spent the day at the Corporate Social Media Summit.
"The event was put on by the team at Useful Social Media - and that indeed was the theme of the day as panelists offered real case studies, answered tough questions and generally demonstrated that there is real hope for large corporate brands to actively use social media to generate real business value in multiple ways."
Here are a collection of some of the biggest lessons that brands featured on Day 1 of the event shared in their presentations.
This presentation was created for a social media market strategy course during my time at UGA in the Terry College of Business Digital Marketing program. In the presentation, I compare Steve Jobs and Bill Gates and their respective companies through auditing each brand's social platforms and key messaging.
Keynote I delivered at the seminar 'Social Media in Germany' for a group Dutch-German enterpreneurs at the Netherlands General-Consulate in Düsseldorf.
First Things First: Building and Effective Marketing Strategy
Too many companies (and marketers) jump straight into activation planning without formalizing a marketing strategy. It may seem tedious, but analyzing the mindset of your targeted audiences and identifying the messaging points most likely to resonate with them is time well spent. That process is also a great opportunity for marketers to collaborate with sales leaders and account managers on a galvanized go-to-market approach. I’ll walk you through the methods and tools we use with our clients to ensure campaign success.
Key Takeaways:
-Recognize the critical role of strategy in marketing
-Learn our approach for building an actionable, effective marketing strategy
-Receive templates and guides for developing a marketing strategy
Mastering Local SEO for Service Businesses in the AI Era is tailored specifically for local service providers like plumbers, dentists, and others seeking to dominate their local search landscape. This session delves into leveraging AI advancements to enhance your online visibility and search rankings through the Content Factory model, designed for creating high-impact, SEO-driven content. Discover the Dollar-a-Day advertising strategy, a cost-effective approach to boost your local SEO efforts and attract more customers with minimal investment. Gain practical insights on optimizing your online presence to meet the specific needs of local service seekers, ensuring your business not only appears but stands out in local searches. This concise, action-oriented workshop is your roadmap to navigating the complexities of digital marketing in the AI age, driving more leads, conversions, and ultimately, success for your local service business.
Key Takeaways:
Embrace AI for Local SEO: Learn to harness the power of AI technologies to optimize your website and content for local search. Understand the pivotal role AI plays in analyzing search trends and consumer behavior, enabling you to tailor your SEO strategies to meet the specific demands of your target local audience. Leverage the Content Factory Model: Discover the step-by-step process of creating SEO-optimized content at scale. This approach ensures a steady stream of high-quality content that engages local customers and boosts your search rankings. Get an action guide on implementing this model, complete with templates and scheduling strategies to maintain a consistent online presence. Maximize ROI with Dollar-a-Day Advertising: Dive into the cost-effective Dollar-a-Day advertising strategy that amplifies your visibility in local searches without breaking the bank. Learn how to strategically allocate your budget across platforms to target potential local customers effectively. The session includes an action guide on setting up, monitoring, and optimizing your ad campaigns to ensure maximum impact with minimal investment.
What can we learn from Elon Musk and his Cybertruck launch? Be prepared for some deep and valuable marketing and business tricks and strategies that can impact your business.
PR secrets of Tesla, Slack, Uber, Facebook, Salesforce,... FINN
For years now, European media have reported breathlessly on every step of Silicon Valley tech giants like Uber, Tesla, Salesforce and Slack - and their founders Elon Musk, Travis Kalanick, Stewart Butterfield and Marc Benioff.
Why do they seem so endlessly fascinating to media - and what can we learn from them?
Whether you're the founder of a European scale up or a corporate communication manager trying to find new ways to increase the reputation of your executive team in your industry, this webinar is sure to inspire you with insights, strategies and tactics.
How to be more like Elon Musk (and less like a wimp who isn't changing the wo...Dent Global
Elon Musk is the creator of 4 multi-billion dollar companies - PayPay, SpaceX, Tesla and SolarCity. Each is a game changer with the potential to improve the world.
Here's five skills he uses to create an impact that you can immediately adopt.
To measure and improve these skills visit - www.keypersonofinfluence.com/scorecard
Since the inception of this social media giant as one of the biggest platforms for social media marketing, many brands have created their facebook pages and have been indulging in facebook campaigns to a great extent. There is no denying the fact that Facebook has transformed into an appropriate tool for marketing products and services largely as well as also for branding activities.
Since the inception of this social media giant as one of the biggest platforms for social media marketing, many brands have created their facebook pages and have been indulging in facebook campaigns to a great extent. There is no denying the fact that Facebook has transformed into an appropriate tool for marketing products and services largely as well as also for branding activities.
GAFAnomics Tesla Volume 2 - Is Tesla the disruptor we need?Fabernovel
Valued at 210 billion dollars, that is to say the valuations of Ford, GM, Draimler, PSA and Uber combined, Tesla, the leading company in electric car sales, recently became the world's leading manufacturer ahead of Toyota. It is because the company has succeeded in breaking the codes of a century-old industry, symbol of the industrial model of the 20th century, that Tesla deserves its place at the top of the list of the most disruptive companies. Fabernovel presents its new study "Is Tesla the disruptor we need? which reveals the secrets of its success but also provides thought on the future of mobility, which the company has not disrupted to date.
Social media marketing is a hot topic for SEO and Internet marketing firms. But all it takes for businesses to master this is a feel for what drives the audience and a good amount of planning.
Brand Lessons from the Corporate Social Media SummitMarque Creative
With special thanks Rohit Bhargava who spent the day at the Corporate Social Media Summit.
"The event was put on by the team at Useful Social Media - and that indeed was the theme of the day as panelists offered real case studies, answered tough questions and generally demonstrated that there is real hope for large corporate brands to actively use social media to generate real business value in multiple ways."
Here are a collection of some of the biggest lessons that brands featured on Day 1 of the event shared in their presentations.
This presentation was created for a social media market strategy course during my time at UGA in the Terry College of Business Digital Marketing program. In the presentation, I compare Steve Jobs and Bill Gates and their respective companies through auditing each brand's social platforms and key messaging.
Keynote I delivered at the seminar 'Social Media in Germany' for a group Dutch-German enterpreneurs at the Netherlands General-Consulate in Düsseldorf.
Similar to Why is executive face important online (20)
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Too many companies (and marketers) jump straight into activation planning without formalizing a marketing strategy. It may seem tedious, but analyzing the mindset of your targeted audiences and identifying the messaging points most likely to resonate with them is time well spent. That process is also a great opportunity for marketers to collaborate with sales leaders and account managers on a galvanized go-to-market approach. I’ll walk you through the methods and tools we use with our clients to ensure campaign success.
Key Takeaways:
-Recognize the critical role of strategy in marketing
-Learn our approach for building an actionable, effective marketing strategy
-Receive templates and guides for developing a marketing strategy
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List of Services offered in Digital Marketing |Techvolt Software :
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Techvolt Software offers Free website design for all customer and clients who is availing the digital marketing services for a minimum period of 6 months.
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List of Services offered in Digital Marketing |Techvolt Software :
Techvolt Software offers best Digital Marketing services for promoting your products and services through online platform on the below methods of Digital marketing
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2. Search Engine Marketing (SEM)
3. Social Media Optimization (SMO)
4. Social Media Marketing (SMM)
5. Campaigns
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1. Quick Promotions through Online
2. Generation of More leads and Business Enquiries via Search Engine and Social Media Platform
3. Latest Technology development vs Business promotions
4. Creation of Social Branding
5. Promotion with less investment
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1. Services offered with Affordable cost
2. Free Content writing
3. Free Dynamic Website design*
4. Best combo offers on website Hosting,design along with digital marketing services
5. Assured Lead Generation through Search Engine and Social Media
6. Online Maintenance Support
Free Website + Digital Marketing Services
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Why is executive face important online
1. Why is Executive Face Important Online? Tesla Marketing Strategy
One tweet by SpaceX and Tesla CEO Elon Musk can fluctuate the cryptocurrency market and
stocks of many companies. This shows the influence of the founders of giant companies on the
whole world's economy. With Tesla, one thing is sure that executives should come online and
become the face of their company on social media platforms. Elon Musk is one of the most
influential businessmen who knows how exactly social media marketing works. In this article, we
will discuss Tesla's Marketing Strategy, how it began and why it is essential for the company's
founder to be the face of the company on social media.
0$ Social Ad Budget of Tesla
Tesla and SpaceX have become household names because of a massive shift from the
traditional approach of print social and video advertising that most companies employ
promotional marketing is bread and butter of the automobile world; however, Tesla was a little
bit of an oddity in this field earlier this year brand total reported that Tesla $0 social ad budget
over 30 days. This report analyzed some of the largest car manufacturers in the world and
looked at all the paid and organic social campaigns. From this data, we can see that Facebook
is the main money sink foremost of the auto brands, with YouTube and Instagram not far
behind. However, we know the outlier tesla responded to unpaid social advertising towards the
bottom. This is a revealing clue that Tesla takes towards marketing. The company envies
brands worldwide because they seem to have mastered reaching a worldwide audience with a
minimum traditional marketing budget. Companies worldwide spend billions the year trying to
figure out how to engage audiences and encourage them to buy their product.
So what makes Tesla unique, and why hasn't the market been set? Or how do Ford been able
to replicate such a result even though Tesla doesn't invest in the social campaign? Why do we
still see Musk's face?
Tesla logo or a SpaceX launch continuously plastered across screens. It can be primarily
pinned down to how Tesla's marketing team has well and truly figured out the free media
promotion equation.
If you give the media an exciting story to tell, they will reward you with free publicity.
Musk's media team has provided countless examples of this equation in action.
After Hurricane Maria knocked out the power for 3.5 million Puerto Rico residents who left him
without resources like running water, Tesla was one of the first companies to step out and
attempt to address the disaster pledging to help install battery packs and repair solar panels on
the island. Musk tweeted that Tesla had about 11000 projects underway in Puerto Rico, with
employees working hard to install them in hundreds of civic and residential buildings. The
governor of Puerto Rico tweeted back asking to talk further with Musk, which resulted in it being
retweeted thousands of times and the story being picked up on international news worldwide.
2. Another tactic in the marketers' toolbox is the CEO; however, this can be either the bitter
sharpest or the bluntest tool available, depending on the company.
Luckily for Tesla, Elon Musk may be one of the most marketable CEOs out there. Musk's
personal Twitter has developed a strong engage following of 62.5 million followers. A steady
stream of tweets allows Musk to speak his mind, often sharing the company's success goals
and failures, personifying the company brand in real-time compared to other major automobile
companies. Tesla is a company of today.
Tesla has recently topped Instagram as the fastest-growing brand in the world. According to
London-based company brand finance, this shouldn't be too surprising. After all, they have
positioned themselves well in some of the fastest-growing and most popular industries like
electric vehicles and sustainable energy, and even space travel.
They are being led by an outspoken media-savvy polarizing leader, Elon Musk, who is also
known as a walking talking marketing machine.
So, while their business growth may not be that surprising, what is shocking is Elon Musk, and
other tesla insiders claim that Tesla does not do advertising. And yet they have still managed to
grow 64.9 percent just in the last year alone.
How did Elon Musk and Tesla become the fastest growing brand globally without
advertising?
3. Well, the first thing you need to understand unpacking Elon Musk and Tesla's claim is
understanding that advertising does not equal marketing. Instead, advertising is just one small
part of marketing and in Tesla's tiny nonexistent part, but that doesn't mean that the company
doesn't do marketing. Tesla is one of the experts in marketing as, under the marketing umbrella,
there are tons of other things like content marketing, social media marketing, public relations,
and many more. All of these are marketing tools that Tesla uses, and all of them cost some
time, money, and energy.
For instance, when Tesla launched their rocket into space and they sent a Tesla roadster for the
ride well, that was where they did marketing.
Marketing that just happened cost just under 100 million dollars.
Now, this little trip to space was not advertised at all. But it did include elements of content
marketing, social media marketing, and public relations. When it comes to finding new, creative,
and innovative ways to get attention and marketing, that isn't advertising.
Here comes the most surprising fact. Tesla is not alone; in fact, several other prevalent and
well-known businesses spend very little or nothing at all on advertising companies like Google,
Netflix, amazon, apple, Facebook, and Uber. These companies have built massive empires on
marketing but not necessarily on paid advertising.
We will look at what was the core of their marketing strategies but worst, let's tackle and answer
the question that:
What's wrong with advertising anyway?
When it comes to launching a new brand or a new business, the traditional way is to create
something and spend a ton of money on advertising and try to reach as many people as
possible when this is done right, and when it's paired with an actual good product or good
service. This traditional approach can be pretty practical, and the problem is this approach is
made right. And more often than not, advertising dollars and simply throwing money at the trial
are spent instead of time on strategic thinking and creativity. This is where the famous John
Wanamaker quote comes in, "half the money I spend advertising is wasted. The trouble is, I
don't know which half," And in today's day and age, that is simply unacceptable.
While there are turn-off places that advertise and go wrong very quickly, a large portion of this
waste simply comes down to optimizing for the wrong variable, such as spending money to try
to get likes, comments, shares or merely trying to reach as many people as possible, or simply
try to improve metrics like brand recall which is just how many people remember you. At the end
of the day, it’s not how many people remember you; what matters is how many people buy from
you. Marketing's job always has and always should be first and foremost to make sales. If your
marketing isn't making sales, not bringing in new revenue, or not making you money, then it's
simply not working, and Tesla's marketing strategy is definitely working.
4. So if Elon Musk and the whole Tesla team aren't focused on advertising, what are they doing
instead?
First of all, tesla is an excellent product, and they are obsessive about making a great product or
even better. They are obsessively focused on their customer or end customer. Tesla customers
love the brand and love the company. How do we know this? Customers write about it, and they
talk about it and tell everyone that they know about just how great the product is.
Now let's talk about Apple. Innovation is at the core of what they do, and they are always trying
to make the product better, faster, and more exciting than their previous product.
So, what we learn as the principle of marketing from Apple or Tesla are:
1. Make a great product with an outstanding USP.
2. to tell everyone about that product.
Most business entrepreneurs try to gain attention regarding their products, but this never works
out. Anything less, you focus on creating an outstanding product.
Elon Musk- The Integral Part
5. Tesla almost has baked-in marketing aspects to it with alone and his personality. He can also
leverage his brand that he has spent years building up before getting into Tesla. Because Elon
Musk is so polarizing and outspoken, it makes it easy for him to get a ton of attention. In short,
Elon Musk is synonymous with Tesla. Like Steve Jobs was synonymous with Apple, or Bill
Gates was synonymous with Microsoft. Essentially, when one of these enormous personalities
does or says something, it forms a two-part effect where not just the personal brand gets the
attention but also the business.
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6. Title: Why is Executive's Face important in Social Media Marketing?
Description: The best social media strategy these days is promoting a brand using the executive's
face on social media marketing. Tesla CEO Elon Musk's marketing strategy is almost similar.