The Most Alarming Sales Strategy Suffocating Profits
Would you say alcohol is a stimulant or a depressant?
If you visit a bar on a Friday evening the noise and laughter can be deafening – strong evidence that alcohol is a stimulant (beer goggles anyone?) But fast-forward to 3 a.m. and the same raucous behavior has dwindled to people slumped on bar-stools, asleep in the corner – or on a park bench somewhere.
Scientifically speaking, alcohol is a powerful depressant, but its short-term effects are the exact opposite.
The same can be said of the marketing effects caused by the wrong kind of marketing strategy.
A Surprising COVID Lesson In Pricing
Not surprisingly our town mandated the use of masks effective last week. Of course I completely forgot, and had to make a mad dash to Target to stock up. Also not surprisingly Target was pretty much sold out of masks. Except for about 10 packets left of “kids masks” - in your choice of coal black or coral pink. Two masks in every packet. $4 a packet…
Critical Marketing Lessons From A Famous Southern Farm Stand
Not long ago I stumbled on a little farm stand which is extremely well known here in the south. It’s not exactly a farm stand - more like a farm “boutique store” full of locally sourced meat, produce and their very famous tomato pies. I had heard great things about this farm stand. People would drive for 50 or more miles just to buy their home-made pies. So when I finally made it through their front door, I had high expectations. Boy was I wrong. I could barely get through the front door due to all the “stuff” that was crammed inside the store. Between 7 ft high book shelves, piles of knick knacks and rows of freezers, the place reminded me much more of a garage sale meets appliance clearance store. It was overwhelming.
A Great Marketing Lesson from Chanel
Last week, I was close to running out of foundation and knew there was no way I’d be able to get to Nordstrom’s before it was gone. As an avid online shopper, I have no idea why I insist on going to a department store to buy my makeup, but it’s just something I’ve always done. I Googled the exact color and name of my foundation (which is made by Chanel) to see which online stores might be offering the best deals. After a 30-second turbo search I gave up trying to read through all the fine print and just placed an order on Chanel’s main website.