Making a Fortune With Magical Thinking
The prop “blaster” wielded by Harrison Ford in Star Wars just sold at auction for $1,057,500. Why? Emotional Attachment.
It failed twice even though it was cheaper and produced better quality coffee. It took glamour to finally create a successful launch.
When the boss is spread so thin he (or she) can’t work even one more hour, the company stagnates at that level.
He never gave up, put crazy miles on his car, promoted and sold Kentucky Fried Chicken (KFC), and worked well into his seventies.
Reputations take years to build through word of mouth but can be built in only months through consistent advertising.
Most businesses are blind to friction points that may be holding their sales back. Here's the solution.
They all go, “Can I buy one?” Now he doesn’t say, “Oh, I haven’t made it yet.” He says, “Nope, they’re on backorder, but I can take orders.”
For his chocolate-coffee stout, he used pounds of Wilbur Buds dark chocolate (a local delicacy). Then the brewer made a tragic mistake.
How the power of premiums created an empire.