“In the old world, you devoted 30% of your time to building a great service and 70% of your time to shouting about it. In the new world, that inverts.”
— Jeff Bezos
Simplified Meaning:
In the past, businesses spent most of their time on advertising their products or services, making sure everyone knew about them. They focused less on creating high-quality offerings. Now, things have changed. Companies put more effort into making sure their product or service is excellent, and they spend less time on advertising because good quality speaks for itself. Imagine a restaurant that used to spend all its money on fancy ads but didn't care much about the food. Nowadays, a restaurant that serves delicious meals and provides great service will get popular through word of mouth and online reviews, even without a huge advertising budget. People today are more likely to share their good experiences with others, making quality the new key to success. By focusing more on creating better products or services, businesses can attract loyal customers who will help spread the word.
