The physical membership economy is when people’s membership includes physical product. For the most part, there are flavors: subscription boxes (Birchbox, Stitchfix) or replenishment models (Amazon’s Subscribe-and-Save, Dollar Shave Club).
The best Chief Marketing Officers know their market, know their offerings, and know how to connect the two…very simple. CMOs understand who they are trying to reach, what they are offering them and why it matters.
Understanding WHAT and WHY requires a strategic mind and makes a great marketing leader—and the need for strategy hasn’t changed.
What has changed (so much!) is HOW we reach our audience, and WHERE.