Overestimating the skills of your customer
In 1980s, A&W Restaurants introduced
third-pound burger to follow up on their
success of quarter-pound burger at same
price.
But, sales showed that their customers
are not buying their new third pounder.
The reason became clear
after thorough investigation.
Customers thought, 1 by 4th burger is larger than 1 by 3rd burger.
I strive to write low frequency, High quality, Actionable content on Entrepreneurship opinionated towards indies and solopreneurs. If you would like to receive them in your email inbox then please consider subscribing to my Newsletter.