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“You do not pay the price of success, you enjoy the price of success.“
Before we begin, you must understand the concept that underlies this book. In today’s society, I believe we have experienced two major shifts that have almost completely revolutionized the entire business landscape.
The competent advertising man must understand psychology. The more he knows about it the better. He must learn that certain effects lead to certain reactions, and use that knowledge to increase results and avoid mistakes.
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Narrow Your Focus to Broaden Your Sales
The more generic you are, the greater your competition will be since you’ve placed your offering in the same ring as the Wal-Marts, Targets, and eBays of the world.
To borrow the fishing analogy, some people say that going after a larger market is casting a wider net. Not so. (The net is really your website.)
Rather, it’s like fishing in a larger body of water where there are more fish, the fish are more spread out, and there are more competitors going after the same fish you are.
Unless you are trying to be another Wal-Mart, there’s no point in competing with them. The sheer size of such big box Goliaths gives them a sizeable competitive advantage — particularly purchasing power, both in terms of products sold and advertising dollars.
In addition to being able to buy more ad space than small businesses can, they can buy their stock at considerable bulk discounts, ostensibly giving them the lower price-point advantage against which most small businesses cannot compete.
So how do you increase your sales in such a competitive, price-sensitive marketplace?
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