Power of CHEAP
Well, times have changed. Nobody wants affordable luxury now, they want CHEAP. They want to save a penny. In fact, the Dollar Store is full and the only two companies in the Dow 30 that did well are Wal-Mart and McDonald's.
In my own business, I have been forced to cut prices 50% to stay alive, and even so sales are down over 50%. In a depression price is king. Do not believe the giggling fools that say this is a temporary mild recession. Perhaps a mild depression, but if you do not act now the harsh hand of reality will slap you across the face. Cheap is king.
Write new ad copy where you use the word cheap a lot. Your product is cheaper than the competition. It is not a Ferrari, it is a Fiat. You want to sell a 99 cent McChicken, not a luxury meal. Emphasis on saving money, not on quality.
As the saying of Jack Cohen, the Londoner who turned a 1919 market stall into Tesco, the world's second largest supermarket chain: "Stack 'em high and sell 'em cheap."
You might not like what I say - but I believe it.
Build it, make money, then build some more
Some old school smarts would help - and here's to Rob Toth for his help. Bloody good stuff, even the freebies!
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