Posts tagged “price”

ChittahChattah Quickies

  • [from steve_portigal] A gadget’s life: From gee-whiz to junk [WaPo] – [An interactive graphic that shows the price-adjusted adoption curves of consumer electronics (TVs, phones, fax machines, mobile phones, printers, computers, modems, VCRs, camcorders, digital cameras, DVD players, boomboxes, radios, CD players, MP3 players). Via @Waxy]
  • [from julienorvaisas] Boredom Enthusiasts Discover the Pleasures of Understimulation [WSJ.com] – [Kindred spirits celebrate the benefits and glory of all-things boring! For the researcher not much actually qualifies as boring.] For seven hours, 20 speakers held forth on a range of seemingly dreary diversions, from "The Intangible Beauty of Car Park Roofs" and "Personal Reflections on the English Breakfast," to "The Draw in Test Match Cricket" and "My Relationship With Bus Routes." Meanwhile, some of the 200 audience members—each of whom had paid £15 (about $24) for a ticket—tried not to nod off. Karen Christopher of Chicago, who now lives in London, found at least one presentation so wearisome that she stopped paying attention. "I started thinking about Swedish police procedurals instead," she said. The organizers did their best to keep the audience alert. Many viewers brought coffee, and each received a goodie bag containing an energy bar. After a much-needed break, a drawing was held. Some of the winners got a DVD called "Helvetica," a 2007 documentary about typography.
  • [from steve_portigal] Verizon iPhone Won’t Fit Many Existing iPhone 4 Cases [Technologizer] – [Technology designers giveth, and they taketh away. The process of shopping for accessories just got more complex; Yes, you have an iPhone but what KIND of iPhone?] It appears the Verizon iPhone uses a slightly different antenna design that repositions the gaps between the phone’s multiple external antennas (found in the metal ring around the phone’s outer edge). Along with this change, the phone’s Ring/Silent switch has been moved ever-so-slightly closer to the bottom of the phone. While the difference between the switch positions may seem small, it’s enough that a protective iPhone case made for the original iPhone 4—the version sold by AT&T here in the U.S.—may not work with the Verizon iPhone 4. Specifically, if a case covers the edges of the phone, providing separate precision openings for the Ring/Silent switch and the volume buttons, there’s a good chance that the switch opening will be in the wrong location—in other words, the case will block access to the Ring/Silent switch.

ChittahChattah Quickies

  • Target jumps into book price war started by Wal-Mart, Amazon – What started as a book price skirmish between Wal-Mart and Amazon.com is showing signs of becoming a much broader holiday battle. Today retail giant Target announced it is matching Wal-Mart's online price of $8.99 for top selling, soon-to-be-released titles, including "Under the Dome" by Stephen King and "Breathless" by Dean Koontz.
  • Health Concerns Drive New Rituals (or attempts to create new rituals, top-down) – The handshake, with its potential to transfer the flu virus, should be replaced with the safer — and more contemporary — pound [aka fist bump] says the dean of medicine at the University of Calgary.

    "It's a nice replacement of the handshake because you can't just refuse to shake someone's hand. It's rude and seems almost un-Canadian," he said. "This is a nice, intimate gesture: a gentle bump of the fist that replaces the handshake if you get used it."

    The pound, or fist bump, is a greeting that originated with American black youth in the 1960s and is commonly used among sports teams.

Raise a glass to the hardworking people

winedrinker.jpg
Unsurprisingly to anyone who knows of the early Louis Cheskin work, a recent Stanford study established that the more wine costs, the more people enjoy it, regardless of how it tastes.

Expectations of quality trigger activity in the medial orbitofrontal cortex, the part of the brain that registers pleasure. This happens even though the part of our brain that interprets taste is not affected. While many studies have looked at how marketing affects behavior, this is the first to show that it has a direct effect on the brain.

“We have known for a long time that people’s perceptions are affected by marketing, but now we know that the brain itself is modulated by price,” said Baba Shiv, an associate professor at the Stanford Graduate School of Business.

When we worked with a wine brand recently, we sought to understand the complete wine “usage” process, from planning, through shopping, to storage, to opening, to serving and drinking. We looked specifically at people who were interested in lower-priced wines and most of them were limited in their knowledge and/or experience.

In other categories when the customer is new and is presented with enormous product choice (the amount of wine choice dwarfs most other categories I can think of) we might feel sympathetic for the learning/selection/usage learning curve they would face; with wine people spoke very enthusiastically about the journey. Each trial experience involved drinking wine…something they liked to do! A social, tasty, and rewarding experience. Even a wine they “didn’t care for” (the typical critique) wasn’t a failure, because it still carried all the symbolic meaning.

The marketers were hampered by a limiting view of their customers; the market had been sliced into ridiculously narrow price points and this inevtiably drove discussions of people characterized exclusively within those $3 slots (as in, “I’m a $7.99 to $10.99 drinker”). While our client no doubt had cash register data to support their segmentation, it was completely at odds with how people saw themselves. They purchased across a much broader price range, and their primary concern was their own knowledge and accumulated experience. We were given a great opportunity to offer this different view and illustrate some of the unmet opportunities this presented.

Price Drop?

Pretty nice surprise to find this message from Data Deposit Box

Data Deposit Box™ is pleased to announce that effective November 15th 2006 backing up your computer online will cost just $2 per gigabyte per month. This represents a savings of up to 80 per cent for DDB customers.

Now $2 per month is all it takes to protect up to 1GB of your valuable computer data – there is no limit to how much data you can back up. You simply pay $2/GB for the storage you use.

Previously, a typical DDB customer storing 1GB of data would have received a bill for about $10 per month. Under this new plan, the same amount of storage will cost only $2.

A service is going to get cheaper. Not worse in quality, or more restricted, or more expensive. Cheaper. Great job!

$1.00

dsc_0088.jpg

Turning a price into a symbol of good will…somehow seems very Chinese, with the small but crucial focus on symbolism. Other items were priced and decorated the same way. Selling it for $1.02 or $0.99 wouldn’t provide the same visual/communication opportunity.

In the Chinatown marketplace in Honolulu.

Series

About Steve