This podcast features an interview with Rory Sutherland, vice chairman of the Ogilvy Group, focusing on marketing, branding, and the psychology behind trends. The conversation explores why some products succeed despite seemingly illogical marketing (e.g., Red Bull's intentionally unpleasant taste), the importance of "psychological arbitrage" in product launches, and the impact of social norms and memetics on consumer behavior. Sutherland emphasizes the value of unexpected and seemingly unnecessary elements in marketing, citing examples like DoubleTree's warm cookies and San Pellegrino's foil-topped cans. Listeners gain insights into effective marketing strategies, the role of context in consumer perception, and the limitations of purely logical approaches to business. The discussion also touches upon the unpredictable nature of trends and the importance of timing and marketing in a product's success.
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