Describe a nonprice competition strategy that you have seen a company use. Do you think this strategy was effective? Why or why not?
@CC12
Well what I see the most is side by side product comparisons. Take blue buffalo dog-food commercials. They compare their ingredients side-by-side with other brand name dog-foods to show why theirs is better
Does that make it effective? What if they are lying?
I dunno. Didn't stop us from buying beneful. People tend to buy what they're familiar with.
However, cause and effect tells us it is working. The commercial still plays, meaning they are gaining enough revenue to continue it, meaning people are indeed buying it.
Can you explain 2 other methods Nick?
None that I can think of. Sorry.
@Ultrilliam Maybe you've seen something?
Would one technically be selling more for the same price? Like when they have surplus
Ah yeah. Buy 1 get 1 free. It doesn't have to be the same product either. Throwing in another product, That'd usually boost sales, unless it's "Mystery gift" and turns out to be a comb. Probably expected from hair products.
True, kind of like a container of pasta sauce and get a free box of pasta
I googled it and the last one says offering a different and unique product.
^Fidget spinners before they were mass produced
But that one doesnt make a bunch of sense to me
It'd have to be something way out of the ordinary no other company would be producing said item. I think the Fidget Cube is still one of those. Didn't hit as big as the fidget spinner. Another could be products with custom decals.
That makes sense
Join our real-time social learning platform and learn together with your friends!