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I go to Starbucks and they sell me a Mocha Grande at least 95% of the time when I visit. Yes, I said they sell me, I didn't say I buy. Somehow, through the magic of branding and perception, Starbucks has sold me on the idea that I need to drive to get coffee and pay almost four dollars a cup. What would be my motivation for that? Sure, it tastes good. However, it also adds calories to my diet that I don't need. It has dairy products and I'm lactose intolerant, and gas continues to hover around 3.75 to 4.00 dollars a gallon. What a great sales job on a high priced product that I really don't need, and really isn't good for me, and certainly the ROI is hard to measure. So how did this happen?
I have no idea.
What I do know is that I'm not alone. I couldn't find information on store traffic, but with 17,000 stores worldwide, that is a lot of people drinking expensive coffee that they don't need. This leads me to my point. (Finally)
Why are you so hung up on price when it comes to selling? It is never solely about price. Certainly, price is a contributing factor, but it is not the factor. People simply do not make important buying decisions based on money. If that where the case then people exclusive home builders would be out of business, Rolex would not have watch to sell and Cadillac and Mercedes would not be used to describe ‘the very best'.
Instead of focusing on or worrying about price (which is really a record collection not a reality) focus on the following:
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