I just had Lasik surgery done on both eyes. Good news? Perhaps, but the better news is I got the first one for 25% off and the second one for close to 65% off. More, Dr. Burnyak allowed me to finance it with no money down and no interest. My vision is still a tad fuzzy, but it was such a good deal, I could not resist.
Far fetched? Not really if you consume any media at all. In response to the economic pressures, retailers in almost every sector are dropping their pants and taking discounting to a new level. If you buy one tire at full price, you can get three free. If you buy one burger, you can get the second for a penny. If you need a suit, you can get two, with two ties, two shirts and two pocket squares for less than $200. Stroll the mall and it is like a clash of the % signs. 40% off, 60% off and even 70% off! How can that be? How can something really be 70% off? One of only four things happen:
- The retailer is in a spiral of death and doesn’t realize it
- They overly inflate original prices enough to make shoppers sick, which will lead to #1 above
- They are training consumers to never pay real prices again, which will again lead to #1 above
- They are pouring onto the anti-trust movement in society, which will soon enough lead to #1 above
How can so many retailers be so blinded by their own paranoia that they fail to see the better model right under their nose? If you look at the most successful retail brands, not one of them drop their pants. Instead, they build undeniable and unwavering value in their brands, in their store experiences and in their trust. Think about it:
There are too many computers to chose from, yet Apple demands a premium without apology and people stand in line to get into the store to talk to a Genius.
Wal-Mart doesn’t have to create fake discounts because we already trust they always have low prices.
Try asking for two burgers for the price of one at Five Guys. All five guys will laugh at you.
Mercedes will charge you $360 for a “Service A” oil change that you feel good about when sipping a latte from their Benz Bistro.
If you want a pizza delivered, you will not get “Papa in the House” unless you value better ingredients and more than saving a buck on some new, “still cardboard-like” substance.
You need to access your credit line to buy the shirt off the naked dude’s back at Abercrombie just because we believe we will get interest from the opposite sex (or with whomever you’re into.)
No matter how much things change, they always stay the same in retail. Value has never been about price alone no matter how many fools try and prove it wrong. Consumers will always spend what is necessary when they find worth – be it physical, intellectual or emotional. There is nothing for consumers to do except buy with your eyes wide open. If retailers give you true value for less, that is not your problem. As brand marketers, our responsibility is much greater. We have to guide them to better business practices and, as much as we advise them to respect the consumer, it is as valuable to make sure they respect themselves.
As much as I could go on, I need to get to the Urologist by close of business, as he just email blasted me an opportunity I could not refuse.

