Marketing Information

How Much Is Your Popcorn Worth? Powerful Lessons In Marketing & The Psychology Of Selling - Part 5


How Much Is Your Popcorn Worth?: Powerful Lessons In Marketing & The Psychology Of Selling - Part 5

Let's continue to discuss the various marketing principles that are involved in "popcorn marketing":

6. Exclusivity

During the few hours that you're in the theatre, they have the market cornered by being the only ones to sell popcorn. They virtually eliminate the competition by not allowing outside food or drinks into the theatre.

Being the only game it town offering a product in demand - without any real competition - is a great position to be in.

However, I wouldn't do it the way they do it. I wouldn't 'force' people into buying from me by cutting off all other sources. I would instead provide a superior product, or a much better value, and get them to want to buy from me instead of going to other vendors or bringing their own food.

Just think of your favorite restaurant. Why do you go there verses all the other restaurants offering the same or similar kind of food? You may even be willing to pay more at your favorite restaurant because they just make it better. It's not because they 'force' you or 'corner' you into going to them. It's because they give you what you want! Something that you can't get anywhere else.

When you force people into doing something, they will hold some level of resentment towards the action/experience and the seller. When you offer them a better choice and/or a better value, they will want to buy from you.

7. The Principle of Consensus and "Herd Mentality"

If everyone else around him is buying and enjoying popcorn, then Joe Consumer wants to have popcorn as well! Most people want to follow the pack. They want to 'fit in,' they don't want to be left behind; they want to "keep up."

If other people and their kids are enjoying fresh, hot buttered popcorn, then heck so will Joe Consumer and his family.

He also 'assumes' that if others around him are enjoying the popcorn, then it must be good, and that he will enjoy it too.

How can you use this strategy in your product or service? Provide "proof" that others are already enjoying and benefiting from your product. Offer testimonials from existing customers, show specific examples and success stories of how a certain customer benefited from using your product/service. If you're selling a marketing/ moneymaking product, give specifics of how much profit a customer made by using your strategies.

To read the rest of this special report, you can download it here: http://www.trafficstrategiesonsteroids.com/popcorn.pdf

(Feel free to use this article online and in your email newsletters as long as you leave it intact and do not alter it in anyway. The by-line and resource box must remain in the article all links must be active hyperlinks.)

*** 3 Easy Steps To Make Money Online ***
Launch your very own money making website today that's 100% ready to take orders and pull in massive profits for you right now...guaranteed! Click Here To Find Out How You Can Make Money Online.


MORE RESOURCES:

Dental Marketing: IDA Announces New Patient Portals That Allow Instant Updates ...
San Francisco Chronicle (press release)
Internet Dental Alliance announces a new dental marketing solution: New Patient Portals allow easy, instant updates to dental websites. Dentists no longer need to put their dental marketing on hold waiting days or weeks for an open slot on their web ...

and more »


Chrysler marketing chief denies Super Bowl ad was political
Detroit Free Press
Olivier François, Chrysler's marketing chief, denies that its Super Bowl ad aimed to endorse President Barack Obama. By Brent Snavely Chrysler Chief Marketing Officer Olivier François insisted that the "Halftime in America" Super Bowl ad was not ...

and more »


TSN

Andretti group plans IndyCar race to Milwaukee
Boston Herald
Andretti Sports Marketing, founded last fall, will bring the IZOD IndyCar Series back to the historic State Fair Park oval June 16 — the Saturday of Father's Day weekend — the group announced Friday. Milwaukee returned to the IndyCar schedule in 2011 ...
IndyCar returning to Milwaukee MileESPN
Indy Cars Return To The Milwaukee MileMotor Authority

all 142 news articles »


7 Marketing Lessons From RIM's Failures
Mashable
And, mostly, really bad marketing. On this, RIM is in good company in the consumer electronics industry, where so many manufacturers market poorly. But few have made so many marketing mistakes so quickly. Here are seven marketing lessons from RIM's ...

and more »


Managing market building a good fit for her
Roanoke Times
Sara Guerry shares why she accepted the job as director of the Roanoke City Market Building, and what her biggest challenges are. By Amanda Codispoti Sara Guerry grew up in Roanoke and learned the ins and outs of event planning while volunteering with ...



Officials marketing nearly-finished Bluestone park to potential tenants
Bluefield Daily Telegraph
Meanwhile, Spencer said the county is aggressively marketing the industrial park. “We continue to market the Bluestone,” Spencer said. “We have marketed the Bluestone throughout construction and continue to do that. We met with a group in Richmond ...

and more »


Bloomberg

Sony Seen Restored Using Chips in Market Fighting Disease
Bloomberg
“It's a market where people are prepared to pay for quality.” Sales of audio-visual goods such as Trinitron televisions and Walkman music players accounted for 89 percent of Sony's 1.05 trillion yen ($13.6 billion) revenue in 1981.

and more »


Marketing a unique parcel: St. Paul's Ford plant
Minneapolis Star Tribune
Maybe, but Palmiter and Co. have been chosen by a subsidiary of Ford Motor Co. to market the former Ford plant site in St. Paul to a potential developer. The 122-acre parcel, located smack dab in the middle of one of the Twin Cities' most-desirable ...



Four nonprofits chosen for marketing project
Tallahassee Democrat (blog)
"This year for our 20th anniversary we wanted to take it to the next level," said Karen Moore, CEO of the Tallahassee marketing and public relations consulting firm. The past two years, in the projects "10 in 2010" and "11 in 2011", the firm chose a ...

and more »


Friendly's CEO, Chief Marketing Officer Step Down
WBUR
A company spokeswoman says chief marketing officer Andrea McKenna, who also was hired in August 2010, is also leaving. Friendly's chief operating officer James Parrish will serve as interim chief executive while a search for a permanent chief is ...

and more »

Google News

home | site map
© 2006