As
the father of a five-year-old girl I know what it’s like to buy something,
knowing that I’m overpaying for an item that will likely be dismissed by
her. Such is the case with American Girl.
My little girl “graduated” from pre-school so we rewarded her with a present. For months she’s been telling us she wants an American Girl doll. They retail for $110 a pop.
Since
when does a doll cost so much? It
doesn’t even talk or play video games. It’s
not made out of gold. She’s not wearing
vintage clothes. There’s really no
reason she should be so expensive, except for the simple one that American Girl thinks it can charge that
amount and get away with it. In fact, I
think the high price helps sell more dolls.
Why? Because it sets a perception the doll has high value, when in
reality, it’s just a doll, no better than ones half the price.
But
there’s no persuading a little girl that the doll she desires is not worth the
money. It’s worth it to me if it makes
her feel special and happy.
When
I was waiting on line to buy Julie Albright –
yes, they name their dolls like people – I saw that another doll, Saige, was
going to be discontinued soon. If it’s
selling so well, why stop it? The store
is purposely creating a false demand.
Quick -- get the doll that soon won’t be available, except on eBay.
What
bullshit. It’s the old “limited print”
approach to sales. Tell people something
is rare and it makes it more popular. No
one could tell you why they have to have Saige – just that they do.
Can you market your book in a similar fashion? I don’t know that you can turn it into a collector’s item, but you could certainly elevate its value in a number of ways.
Let’s
start with pricing. Stop selling books
for 99 cents and begging people to download free copies. Instead, go the other way. Charge $99. Make it the book that people are convinced
they have to have. Package it nicely so
that every page turned feels like you’re unwrapping a gift. Create a community of fans and followers and
have them feel special and valued, just like the girls feel when they enter an American Girl store.
American Girl has elevated the
ordinary to a high level. Imagine what
you can do with a great book!
Brian Feinblum’s views, opinions, and ideas expressed in this blog are his alone and not that of his employer, the nation’s largest book promoter. You can follow him on Twitter @theprexpert and email him at brianfeinblum@gmail.com. He feels more important when discussed in the third-person. This is copyrighted by BookMarketingBuzzBlog © 2013
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Brian Feinblum’s views, opinions, and ideas expressed in this blog are his alone and not that of his employer, the nation’s largest book promoter. You can follow him on Twitter @theprexpert and email him at brianfeinblum@gmail.com. He feels more important when discussed in the third-person. This is copyrighted by BookMarketingBuzzBlog © 2013
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