April 27, 2007
“Starting saving, buy now “
That’s what the sign said.
Some marketers love this approach to sales.
Instilling a sense of urgency in the consumer, hinting that prices will never again be this low, and the added bonus that by spending money today you are actually saving money.
The marketer makes the assumption that the consumer wants to buy this product, but is waiting…for some reason.
Their hope is to push the decision-making process into the “buy now” arena, with the “threat” that prices may be rising soon.
It probably works with a consumer who is price oriented, and not too savvy in the world of advertising, marketing and promotion.
We all know that sale prices are part of a products life cycle.
Sometime, somewhere, some company or retailer will be offering the product at a discount.
Does anyone really believe that by buying now you will be saving money?
It seems to me that this advertising strategy insults the customers intelligence and common sense.
Perhaps I’m mistaken.
Maybe the businesses that use this advertising approach are really looking for customers that believe they are saving money by spending today.
Is there a consumer group out there that believes that “spending = savings” ?
Does this advertising “push” really help sales, company and brand image?
Related Links
The Easy Way
The power of something extra
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Lee Iwan, Lee Iwan Accumulated Experience, Leeiwan, Leon, Leon Guanajuato, Leon Guanajuato Mexico, Marketing, Marketing and promotion, advertising, business in Mexico, marketers, promotion, saving |
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Posted by Lee Iwan
December 5, 2006
The CFE in Mexico (Federal Electricity Commission) has the slogan “Somos un empresa clase mundial” (We are a world class business) emblazoned on their vehicles.
What does “world class” mean in today’s global economy?
Why promote yourself with vague phrases and empty words?
Why participate in the game “I’ll tell you how great I am, and you pretend to believe me”?
“World class”, “leader”, “the world’s greatest”, “the best”, are examples of adjectives that no longer have marketing impact.
Self promotion and hype might even work negatively on the consumer.
Don’t tell people how great you are.
Tell them and teach them what you or your product can do.
Show them, surprise them and amaze them with your product or service.
Don’t pin the medals on yourself. Let your customers do it.
Related Links
The Easy Way
The “Lightning and Thunder” sales and marketing strategy
The Power of Something Extra
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Business, Business and Entrepreneurship, CFE, Consumer Marketing, Customer driven, Ideas & Thoughts, Ideas!, Lee Iwan, Lee Iwan Accumulated Experience, Leon, Leon Guanajuato, Marketing, Marketing and promotion, Sales, Sales and Marketing, Salespeople, advertising, consumer beliefs, consumer psychology, customers, promotion, world class |
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Posted by Lee Iwan