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The key points discussed include the importance of being first in a category rather than simply being better than competitors. It highlights that people remember the first successful brand, using examples like Neil Armstrong as the first person on the moon, and Apple as the first smartphone leader. The text emphasizes that if a company cannot be first in an existing category, it should create a new category to dominate. IBM’s success in selling computers over the phone is cited as an example. Additionally, it states that attempting to change consumer preferences is a wasteful marketing strategy; being first in consumers' minds is more valuable than being merely first in the marketplace, as illustrated by Xerox's failures in the computer industry despite being a copier pioneer.