Friday, July 11, 2014

Agen Wisata Kepulauan Seribu

Market norms come into play any time money enters into the equation, sometimes counter-intuitively! Ariely gives the example of a group of lawyers who were approached by the AARP and asked whether they would provide legal services to needy retirees at a drastically discounted rate of $30/hour. The lawyers said no. From a market norms perspective, the exchange didn't make sense. Later the same lawyers were asked whether they would consider donating their time free of charge to needy retirees. The vast majority of the lawyers said yes. The difference is that, when no money changes hands, the exchange shifts from a poor-value market exchange to an altruistic and therefore high-value social exchange. It is a strange psychological quirk that 'once market norms enter our considerations, the social norms depart.'

Mixed signals: when social and market norms collide

In a book called Positioning: The Battle for Your Mind by Al Ries and Jack Trout (originally published in 1981), the authors describe the 1950s as the 'product era' of advertising, when 'advertising people focused their attention on product features and customer benefits.' It was all about the unique selling proposition (USP).
However, as the sheer volume of products on the market increased, it became more difficult to sell a product simply by pointing out the benefits. As Ries and Trout put it, 'Your "better mousetrap" was quickly followed by two more just like it. Both claiming to be better than the first one.'
They describe the next phase of advertising (which hit its peak in the 1960s and 70s and which we can probably all relate to if we watch Mad Men) as the 'image era', pioneered by David Ogilvy. In this period, successful campaigns sold the reputation, or 'image' of a brand and a product rather than its features. Ries and Trout quote Ogilvy as saying that 'Every advertisement is a long-term investment in the image of a brand'. Examples include Hathaway shirts and Rolls-Royce.
as more and more brands imitate the strategy of these successful campaigns, the space gets more crowded and the consumer becomes more jaded and these techniques become less effective.
According to Ries and Trout, this brought the world of advertising into the 'positioning era' of the 80s, which is where they positioned (hehe) themselves. As they described this, "To succeed in our overcommunicated society, a company must create a position in the prospect's mind, a position that takes into consideration not only a company's own strengths and weaknesses, but those of its competitors as well."