Placebo effect on marketing

Seth has a detailed discussion on what he calls as “placebo effect” in marketing. Detailed discussion of “Placebo surgery”. He compares the marketing to that of the medical placeboand says that the importance of telling stories. I agree that the way you tell the story is more important than your product itself. Therefore, if you are marketing a product you need to make up a good story to make it successful. A very good example I can think of is the partnership between Nike and Michael Jordan to create Air Jordans.  The jordans are no doubt good shoes but what made them extrodinary was the fact that Jordan told a story for them.

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Placebo effect on marketing

Seth has a detailed discussion on what he calls as “placebo effect” in marketing. Detailed discussion of “Placebo surgery”. He compares the marketing to that of the medical placeboand says that the importance of telling stories. I agree that the way you tell the story is more important than your product itself. Therefore, if you are marketing a product you need to make up a good story to make it successful. A very good example I can think of is the partnership between Nike and Michael Jordan to create Air Jordans.  The jordans are no doubt good shoes but what made them extrodinary was the fact that Jordan told a story for them.

Comments are closed.