Remember the Lada?
Cheap - Cheap - Cheap!
Russian made car. First imported into Canada in the 80's. People referred to it as a throw-away car. Use once then discard. The resale value of a used Lada was nil - nada -nyet.
The car didn't last.
Why? Maybe people didn't really want cheap.
People say they want the lowest price when they don't know what to say. Perhaps they are afraid to admit their wants and desires. When they are confused with buying options they can say, "The price was too much." Whey they see no difference in the competition they will compare price.
Curious, the Lada failed. Yet Porshe, BMW and Ferrari are still around.
George Torok
Keynote Marketing Speaker
Co-author of Secrets of Power Marketing
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Marketing expert, George Torok helps businesses gain an unfair marketing advantage over the competition. A bestselling author, he consults with business owners and is available for speaking engagements. Power Marketing is a registered trademark. Enjoy the marketing insights, tips, and strategies on branding, media relations, promotion, networking and personal marketing. Add your comments.
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