Edition 37, Marketing

You Can Sell Through the Nose, Too

By: Carlos Mondragón

In order to survive, human beings must be capable of carrying out three related activities: sensing events (also called stimulation), assessing the stimulus, and responding to that stimulus. An environmental stimulus is some feature of the environment that alerts the senses-for example, the colors of a stoplight, the smell of smoke or the sound of an ambulance siren-and provokes a response. The stimulus is in turn detected by receptors, which are specialized cells in the nervous system sensitive to these stimuli. When receptors are activated, the person experiences one or more sensations, which are basic aspects of perception.

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Edition 36, Marketing

Should Businesses Respect Consumers?

By: Fernando García

The success of companies’ strategies for finding, attracting and retaining clients and the ability to create a solid pillar of confidence in the market, which can lead to economic development, depends on an understanding of the basic concepts and principles of consumer protection.

Although the individual entrepreneur may have to pay a price to comply with consumer protection laws, in the aggregate, these laws generate social and economic benefits. The restrictions established in the Federal Consumer Protection Law (LFPC) coincide with the legally protected good pursued by other economic regulations, like those regarding the breakup of monopolies and unfair trade practices. The rights of the consumer should not be viewed as an impediment for the business, nor does complying with rules protecting these rights place the business at a disadvantage before the law.

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Edition 34, Marketing

Marketing of Experience

By: Fernando Velasco

“”The issue is to sell an experience and not a mere product”".

Gian Luigi Buitoni, former president of Ferrari North America and creator of the Dreamketing concept.

A long time ago I found in books, fora and congresses the “marketing of experience” concept and ever since it became a familiar term for me. As a result of that I started to analyze cases and situations where the process happens in a real and tangible way, and I have found examples that illustrate this concept.

In the book Conéctese al futuro, (Connect to the future), Lys Marigold and Faith Popcorn mention that one of the current trends of consumers is individualism: “By feeling unconnected in the depersonalized information era, consumers resort to tailor made and personalized products and services”.

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