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Sell Umbrellas When It's Raining
During my recent trip to Europe, I spent four days in Rome. Unfortunately it rained pretty much all four days I was there.
I noticed an interesting thing about the street vendors.
The centre of Rome is full of street vendors and hawkers. When the sun is shining, they sell handbags, jewellery, and religious artefacts. But as soon as it starts raining, out come the umbrellas. Here's the guy who sold me an umbrella (on the right). He was a bit surprised I asked him for a photo, but hey - there's no accounting for some tourists! Anyway, my point - and I do have one - is that I was impressed by the way they switched products so quickly, depending on the weather. Hmmm ... Selling umbrellas when it's raining, and not selling them when it stops raining. Not exactly a marketing breakthrough, right? In fact, it might seem obvious to you.
But wait - not so fast!I wonder whether you are as smart as these hawkers? Nothing personal, but I see a lot of people who don't follow this simple marketing principle. Let me point out five mistakes that many businesses make ...
Are you making any of these mistakes? If so, you're probably
losing business - fast. Follow the example from a street vendor in Rome,
and learn to sell umbrellas when it's raining! Key words: leverage, market research
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