™Marketing Magazine Issue 1 | Page 22

3 The PILLARS OF EFFECTIVE MARKETING S SEATED IN a half-moon lecture hall with 60 other fast-growth entrepreneurs, I was listening to round-the-clock speakers and authorities on business at the MIT Endicott House as part of MIT’s three-year program, Birthing of Giants. The speaker who stood out from the rest was Verne Harnish, New York Times best-selling author and authority on fast-growth organizations. Verne asked the class a simple question: “Do you own the ink in your industry? Whoever owns the ink in their industry controls the industry.” By owning the ink in your industry, you become an authority. As a result, you make the transition from an advertiser to an advisor. 22 | CARLEPUBLISHING.COM Suddenly, buyers are coming to you for advice and solutions, and that’s good for business. How do you own the ink in your industry? It takes a marriage between the three pillars of marketing — Digital Marketing, Print Marketing, and Face-To-Face Interaction. PILLAR ONE — DIGITAL MARKETING According to an eMarketing Report, consumers today are now spending more time online than on any other media outlet, which includes TV, print, radio and the like. Consumers, now more than ever, are using the Internet to research solutions for their problems and validate the products and services they are purchasing.