A little early:
by Karl Greenberg
by Tanya Irwin
by Aaron Baar A little early:
by Karl Greenberg
by Tanya Irwin
by Aaron Baar
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Jiff?
But with brand extensions going out the wazoo, it's a different world. Drew wrote this:
Too many choices paralyze buyers
Posted: 08 Jul 2009 11:58 AM PDT
When television was first introduced, there were 3 black and white channels. Today, 500+. Many in my baby boomer (I would like to point out that I am on the very tail end of that demographic!) demo grew up reveling in the idea of many choices because it was new territory.
But fast forward to today and you see those same baby boomers being overwhelmed at the array of decisions (based on choices) they have to make every day.
Walk into any mobile phone store and just count the number of phones available. It's staggering. Then, you have to figure out what each one does...and why it matters to you.
No wonder it is often easier for us to check out, than to check all the options.
Consumer research shows that the American consumer is suffering from choice fatigue. A study (by Sheena S. Iyengar from Columbia University and Mark R. Lepper from Stanford called "When Choice is Demotivating") found too many choices actually frustrated shoppers. People were offered either 30 choices or 6 choices of jam and then given coupons to purchase what they sampled.
Of those that had the opportunity to sample 30 only 3% made a purchase, while of those given 6 choices ten times as many or 30% made a purchase. That's a huge difference.
To better understand how we all react when faced with too many choices watch this brilliant TED talk by Barry Schwartz - author of The Paradox of Choice: Why More Is Less. In this talk, he explains how and why the too many choices are paralyzing us.
So what does that mean for you and me?
It means that there is power in simple. Our customers are time-starved and information-saturated. Make it easy. If you have to give your customers a lot of choices -- group or organize them in a way that allows their brain to sift through the options more logically and quicker.
It also means that we need to recognize that having more choices doesn't necessarily give us an edge over the competition.
If you are going to offer lots of variety -- be sure you have a good reason for doing so, and be sure you help your consumers navigate through those choices.
Or they might not choose you at all.
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Daily Sales Tip: Why People Buy
A fundamental question in selling is not why people sell, but why people buy.
It is well known that people buy for their own reasons -- not for the seller's. In fact, their motivation to buy may have very little to do with the reasons why the seller thinks they should buy. When it comes down to it, people buy something to meet their needs, or resolve the problems they are facing.
According to Neil Rackham, author of SPIN Selling, people decide to buy when, "the pain of the problem and desire for a solution have been built to the point where they are greater than the cost of the solution."
A good sales professional can help clients come to that realization. But it doesn't happen as easily as you might think. Most people learn the basics of conducting needs analysis, customizing solutions and linking benefits to pain in their Sales 101 class. However, once they are out in the real world, they forget to bring these classroom lessons to life, and somehow their competence, composure, and confidence suddenly evaporate. Faced with self-induced, pressure-filled selling situations, they confuse telling with selling.
As dairy farmers are apt to say, "Cows don't give milk. You have to take it from them." The same is true with selling. Nobody just gives you a sale. You have to take it. But how you "take it" is very counterintuitive. A natural tendency of most sellers is to rush in. And as the Newtonian principle outlines, the equal and opposite reaction on the part of the buyers is to shut them out.
Like milking a cow, selling can be a delicate operation. While a client probably won't threaten you with a hoof, you're still faced with the fact that the harder you push, the more pushback you get. Why? As Harry Truman once said, "The best way to give advice to your children is to find out what they want and then advise them to do it."
Nobody likes to be told what to do -- not even children. Imagine going to a doctor who gives you the same prescription she gave the previous patient because it worked. By not listening, by not being inquisitive, by not clarifying assumptions, sellers come across as not caring -- or caring more about themselves -- and perpetuate the stereotype of the arrogant, pushy "salesman" we all love to hate.
Source: Abhay Padgaonkar, President of Innovative Solutions Consulting, LLC (www.innovativesolutions.org)
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Check out the last story from Lifesavers:
by Karlene Lukovitz
by Tanya Irwin
by Karl Greenberg
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Seth Godin recently wrote on how you can use Maybe and make more money:
The bike shop is busy in June. If you bring your bike in for a tune up, it will cost $39 and take a week.
A week!
What if someone says, "I have a bike trip coming up in three days, can you do it by then?"
At most bike shops, the answer is a shrug, followed by, "I'm sorry, we're swamped."
The problem with telling people to go away is that they go away. And the problem with treating all customers the same is that customers aren't the same. They're different and they demand to be treated (and are often willing to pay) differently.
So, why not smile and say, "Oh, wow, that's a rush. We can do it, but it's expensive. It'll cost you $90. I know that's a lot, but there you go."
Outcome: Maybe they'll still leave. But maybe they'll happily pay you for the privilege of doing business with you. Why should this be your choice, not theirs?
If you do tax accounting for mid-size businesses, why not offer a special last-minute service? A service in which you process shoeboxes filled with unsorted papers? A service that costs less but happens during your slow season?
There are two really good reasons to turn down special requests:
1. because you're marketing yourself as extremely busy and perfectly willing to turn down good work.
2. because you want to market yourself as someone who is a rigid artist, a stick in the mud or a crotchety perfectionist. This works great for pizza places.
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Roller babies. Name Hardees' biscuit holes. An hourglass of Skittles + hungry friend = prematurely aging man. Let's launch!
Just another day in the "Birdhouse." A TV spot for Robinsons' Be Natural soft drink give a bird's-eye view inside a bird's humble abode. Our feathered friend comes home from work, puts away toys, watches news delivered by a pigeon broadcaster, has a human cuckoo clock and keeps packaged worms in the fridge, next to the Robinsons. The bird curls up with a beverage and a nice tabloid. "Squash made from naturally sourced ingredients" ends the ad, seen here. BBH created the ad, edited by Cut+Run.
The Las Vegas Convention and Visitors Authority launched "What Happens in Blank," a TV spot that drives home the fact that inserting your town's name into the popular "What happens here, stays here," tagline doesn't magically transport you to Vegas. The debauchery found in "The Hangover" cannot be replicated at the Caribou lodge. A man puts the moves on a woman while riding a Ferris wheel... in Billips County. She's unimpressed. A man hopes his rectal exam stays between him and his doctor -- and Caribou lodge members love to let loose and dance. See the craziness here, created by R&R Partners.
Starburst feels connected to a Scot-Korean father and son in "Kilt." Both are contradictions; Starbursts are solid, but juicy, and meeting a kilt-wearing Scot-Korean doesn't happen every day. Once the father explains to his son that Starbursts, along with their family tree, don't make sense, he points out another oxymoron: Timmy, the albino lifeguard. Watch the ad here. TBWA/Chiat/Day New York created the ad and MediaVest handled the media buy.
Evian is making roller skates popular for the diaper-wearing demographic. Roller Babies is airing on broadcast TV in Europe, and on YouTube in the United States, Japan and Canada. "Let's observe the effect of Evian on your body," begins the ad. Viewers are shown a boombox with a "Rapper's Delight" tape, and a baby clad in a white onesie and roller skates. The song begins and a group of onesie-wearing skaters convene at a park to show off their skills. Halfway through the spot, action is halted for Evian copy that touts the water as a supporter of a body's youth. More shots of laughing, happy, skating babies complete the ad. "Evian. Live young," says the voiceover. Ninety-six babies were filmed to create the ad, seen here. There's also a Web site containing teasers, making of the ad footage and links to babies' Facebook pages. BETC Euro RSCG created the ad and BETC 4D created the site.
Like Skittles through the hourglass, so are the days of our lives. Well, at least one man's life depends on where in the hourglass the Skittles lie. A guy nonchalantly grabs a handful of Skittles from an active hourglass, only to have his roommate arrive home with clumps of hair falling out. "I told you not to eat the Skittles from my hourglass. You're speeding up time. How many did you eat?" the roommate asks while his friend continues to eat. The roommate grows older, balder and wrinkled by the second, until he falls asleep mid-conversation. Watch the ad here. TBWA/Chiat/Day New York created the spot and MediaVest handled the media buy.
Hardee's added Biscuit Holes to its menu but wants a catchier name than biscuit holes. Man-on-the-street taste-tests bring out more double entendres than you can stuff your hole with. The first ad pits Hardee's "b" holes against donut "a" holes. "The a-hole seems kind of small" and "the a-hole tastes funny" are just some of the feedback given by passersby. See it here. Consumers attempt to name the biscuit holes and come up with some gems: goody balls, sweet balls, puffy nuts and frosty dippers are only a few possibilities. See them all here. It's crass, but hard not to laugh at some people's reactions. One woman gets an entire ad dedicated to her hearty appetite and name suggestions. Watch it here. Remaining ads show a woman being fed, an eating contest and a challenge: how many holes can one fit in their mouth at once? After watching these ads, did anyone else think of an old "South Park" episode where Chef shared a recipe for his chocolate salty balls? See a clip here. Don't forget to visit the biscuit holes microsite where the witty can upload idea names. Mendelsohn Zien created the campaign.
A national cinema spot for Axe Instinct: Leather is strange. You have no idea what the spot even advertises until the closing credits. What we have is a seductive song and something moving underneath black leather. Halfway through the ad, an outline of a leg is revealed and the camera moves up the leg and over a woman's chest until we see the outline of her face. The spot ends with the woman wrapped in an embrace and the copy: "Axe Instinct. The Power of Leather." See the ad here, produced by Blacklist New York.
Mitsubishi Electric launched two TV spots promoting its ductless HVAC comfort systems. The first spot compares the quality of fresh air found in the middle of nowhere to that achieved with Mitsubishi Electric's cooling and heating systems. Watch it here. The second ad, "Footprints," uses most of the same footage found in the first ad, but focuses on saving money on home energy bills and reducing one's carbon footprint. See it here. Ames Scullin O'Haire created the campaign and handled the media buy.
Random iPhone App of the week: MasterCard launched ATM Hunter, an App to find ATM locations anywhere in the world. The free App can locate ATMs based on a person's current coordinates and inform him/her where an ATM is located, whether it's in a bank, store or gas station. ATM locations can be shared with others via SMS. MRM Worldwide created the App.
| Amy Corr is managing editor, online newsletters for MediaPost. She can be reached at amyc@mediapost.com. |
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Today's sales tip is from Craig Garber:
Most of the people who buy from you will go away and never
return again, and then a smaller percentage will love you
and what you've sold them and return many many times over.
There is an even smaller percentage of your buyers, however,
who will experience some kind of regret or what's commonly
called "buyer's remorse," after making their purchase. And
some of these people will give you a hard time and make
their problems your problems.
Buyers remorse is typically the result of three different
things:
One, people spent more money than they should have -- and...
they don't see the benefits of what they're getting.
Meaning, they bought on impulse and didn't think things
through.
The best way to make sure this doesn't happen is to always
give the end result benefits of what you're selling
(meaning, sell the comfort and pride the living room set
gives you, not just "a couch and two chairs"). Make sure
you give people test-drives of your product, to the extent
this is possible -- this helps a lot.
Two, spending money they can't afford to spend.
This isn't a big deal on a "want" purchase like a television
or a bottle of booze. But on a "desperation" purchase, but
it is where someone is desperate for relief or for
something else, and they think your product or service is
the magic bullet they've been looking for... that's going
to make everything they've screwed up over the last ten
years, better overnight.
Although you may be able to mitigate the problems these
folks might give you (I'll tell you how in a minute), for
the most part, don't worry about them. They are immature
and aren't likely to be successful or happy, anytime soon,
until they're ready to take full responsibility for
themselves.
These are the pains in the ass who make their problems your
problems, and everyone else's problems they come into
contact with throughout their pretty unhappy lives.
Trying to "control" them is like trying to control your
ex-wife when she's amped up on meth. Ain't gonna happen
any time soon, trust me.
Then there are those other buyers who are in Customer Limbo,
for lack of a better description. They most likely bought
your product because they had some kind of a good "feeling"
about it, or about you, but... they probably didn't do
enough research to justify their own purchase, logically.
Meaning, you whet their appetite by pushing their correct
emotional buy-buttons, but they didn't spend the time
digesting everything you had to offer or everything you had
to say before making their decision.
These are the folks you can do something with, when it comes
to eliminating buyers remorse.
And that best thing you can do is offer them some kind of
post-purchase reassurance. You use the same tone of voice,
or the same gifts of kindness you used to persuade them to
buy in the first place, and you give them thanks and
reassurance, all at the same time.
Now go sell something, Craig Garber
P.S. 7 Steps To Writing Powerful Eye-Opening Bullets:
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Clickables from Mediapost:
by Tanya Irwin
by Nina M. Lentini
by Aaron Baar
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