#story #socialcapital #haters #hierarchy #status #evil #frame
Tag: status
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Bakers Rising (My Life in Advertising, Chapter 6)
When you’re shopping, how closely do you monitor the price tags? We tend to think we’re very price-conscious. We do pay attention to price, it’s true, but there are many more factors at work.
Price is often one of the least important concerns when we find the right item.
For example, we can get generic shoes at many stores. Do you buy the cheapest shoes you can? Or do you look for something that expresses a bit about your personality? If not shoes, maybe you prefer that people use your title when addressing you. Maybe you like to see your name in lights. Maybe you drive a fancy car.
Everyone has a desire to express and elevate their status, and the right item to do that will make someone say, I gotta have this, price be damned.
Chapter 6 of My Life in Advertising, Personal Salesmanship. While Claude C Hopkins worked at Swift and Company selling the lard substitute Cotosuet to home users, the company was having a hard time selling to bakers. The price was higher than the competition.
Hopkins insisted that price has nothing to do with salesmanship, and he sets out to prove it.