The Morrisons Coca-Cola ripoff…

I don’t what Morrisons annual spend is on marketing themselves as the supermarket which offers quality produce caught fresh two second ago and served by people passionate about being an in-store butcher or fishmonger, but they really should reconsider a couple of things.

Firstly, that marketing and advertising budget is seriously wasted when my regular trips (it’s the nearest supermarket to my house), seem to involve at least one item which has melted and then been refrozen, or has leaked, or has had some other disaster encounter it due to the disconnect between their brand identity and what actually happens to their products between supply and my shopping trolley.

And secondly, I know that all supermarkets have been exposed for ‘special offers’ which actually aren’t, but at least they could try and put some effort in. For example, the current special offer on Coca Cola, which is 3 bottles for £4.50. Rudimentary maths makes this £1.50 a bottle.

Except that the regular price for a 4 bottle multipack is £5.91, which divided by 4 and rounded-up makes £1.48 per bottle.

So their special offer is actually 1p per litre more expensive than the regular price – now is that going to make me more or less likely to trust all their other claims? I wonder how the additional £8 annual profit they’d make from that special offer compares with the cost of acquisition for a regular customer with a young family, plus a car to fill up at the petrol pump each week?

 

The marketing lesson here

It’s a simple lesson, but one which so many companies seem to screw up on a regular basis. If you’re marketing yourself around quality, you need to make sure you consistently deliver it first.

Would you risk telling people not to buy from you?

Because that’s a difference between the old world and the new.

I’ve been following the always awesome Gary Vaynerchuk for the while on Twitter, as well as watching his videos at GaryVaynerchuk.com. If you don’t recognise the name, he decided to launch Wine Library TV from his basement, became a major internet celebrity and business success, and now also speaks with authority on what is happening to business and marketing, such as this great appearance at Web 2.0 Expo:

Another great example of how he does things differently to a traditional marketer or businessman appeared on Twitter yesterday:
GaryVaynerchuk

In case the image is too small, he’s actually telling people not to buy from his own company, because he was about to reveal a free shipping code for wine.

Now companies have special offers all the time, especially at the moment, with the economic climate – that isn’t unusual.

  • But how many firms would actively tell people ‘Dont BUY ANYTHING FROM @wldaily ( winelibrary.com) for another 4 1/2 hours’?

In general, they wouldn’t, because it would seem stupid to stop people paying full price while they’re willing, and then to get the boost at a lower price.

But what that misses is the amount of immensely annoyed people who find out they missed out on a special offer by valuing your product enough to pay full price – and by a matter of days, hours, or minutes.

Not only are they likely to be annoyed about your brand in general, but are they likely to pay full retail price ever again if they know you could launch a sale at any second without warning them?

Sure, you might get a higher profit on one purchase, but what will the difference be over a year? five? ten? Especially when they’ll tell everyone they know?