Posts tagged as:

Costco

The Price of Milk

by Daria Steigman on May 17, 2011

pricing, marketing, business, Independent ThinkingPricing can be tricky.

Aim too low, and people wonder what’s wrong with your product (or think your service is second rate). Price too high, and you might have few or no takers.

I’ll pay a premium for value. Great customer service, beautiful design, and reducing carbon emissions are all value-adds worth paying for.

A gallon of milk is not a premium product. So charging a 33-percent premium ($3.99 in this store versus $2.99 here–and even less at Costco) is just asking me to shop elsewhere.

Why would any business want to do this?

Photo by Muffet (Flickr).

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Is Mobile Search Different?

by Daria Steigman on May 2, 2011


Mobile, Search, Social Media, Business
Is mobile search different?

Neicole Crepeau pointed me to some interesting statistics about how people search when they’re using their mobile phones. One statistic, in particular jumped out at me:

40 percent of smartphone users say that they’re more [influenced] by users’ opinions given within the last 24 hours than by those expressed 30 days ago.

My initial reaction: I bet this is a combination of how search results are weighted (more-recent items often rank higher) and the fact that we don’t often deep dive on a phone-sized screen. So it may be that the newest results rank higher in people’s minds because they pop up first.

If I’m in Costco, for example, and looking for information on a printer that’s being hawked, I’ll look at the most recent two or three results that come up via Google. I might also go to cnet if the initial reviews look promising–or I might just buy it and try it. But I’m not searching all over the Web while I’m on the go. Contrast that to when I’m sitting in front of my computer: I’ll look at credibility, sources, and surf around until I’m satisfied I have complete information.

The one exception: health care. Even if I’m looking up a health condition on my mobile from the ER, I’m going to make sure the source is credible–even if it means surfing through a few extra screens.

Our customers, clients, and prospects are increasingly looking for us–and for information about us–online. We need to understand not just how they’re doing it, but also why. Then we can start to optimize for that.

Photo by J.D. Hancock (Flickr).

Have you signed up to receive the Independent Thinking newsletter? Now’s the time! Once a month I’ll send you exclusive, subscriber-only content highlighting interesting articles I’ve found, as well as tips on marketing, social media, and how to grow your business. Sign up today!

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Duracell, BlackBerry, and an Elegant Solution

by Daria Steigman on March 26, 2009

Sometimes the simplest solutions are the most elegant. Not the Apple design kind of elegant, but rather the functionality of wheels on luggage or mini air canisters for the road cyclist.

I found the coolest gadget at Costco yesterday: a plastic case for two AA batteries with a BlackBerry adapter for charging your phone on the go.

No more cursing the fact that you forgot to charge your phone overnight, no more worrying about your battery life while checking your e-mail, no more searching for an open electrical outlet.

The cost: $20 for two (hey, it’s Costco, you can’t buy just one of anything), batteries included. Connectivity peace of mind: helpful. Bonus feature: an iPod adapter.

Have you signed up to receive the Independent Thinking newsletter? Now’s the time! Once a month I’ll send you exclusive, subscriber-only content highlighting interesting articles I’ve found, as well as tips on marketing, social media, and how to grow your business. Sign up today!

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