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The speaker begins by explaining that marketing goes beyond just advertising and promotions, and includes all actions taken to sell a product or service and make a presence in the market. Effective marketing strategies should be tailored to each individual business due to factors such as budget, target audience, and unique value propositions. The speaker then discusses the importance of understanding your target audience and creating the right marketing strategy to generate sales. They highlight that advertising should focus on where your audience is seeking your product or service and the different stages they go through in the buying journey. The speaker emphasizes that marketing requires a deeper understanding of various factors such as competition, target audience, and supply and demand, and that a copy-and-paste strategy does not work in marketing. They encourage the viewer to gain a better understanding of marketing and like, subscribe, and enable notifications for future content.
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