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Tom La Vecchia

๐Ÿ‘ค Speaker
445 total appearances

Appearances Over Time

Podcast Appearances

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

They kind of gave you a little bit of a taste.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

The truth of the matter is what prevents you or what allows you to buy something?

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

Why do you buy something?

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

That 1956 IBM bans, budget, authority, need, and timing.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

The barrier can't be higher for Royal Oak AP.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

It's the budget.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

The guy or gal that can afford that can still afford that.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

And if they can't, they can't.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

Because the B in the budget is probably the highest barrier to entry world, aside for availability, the people that are going to own it may want to own it even more now because they have the real deal.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

Just imagine Ferrari rolled something out with Kia and they did 1,000 vehicles for $35,000.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

Those 1,000 vehicles are going to sell.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

They're going to sell great for aftermarket.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

But that attention is, great, you have that Kia Ferrari, but I want the real one.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

It's going against everything you and I taught as marketers in the books.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

as experienced, as agency owners, as our own marketers, but having the signal versus noise on this and having that level of earned media behind it, I think it was a huge win for both brands.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

I had to play the contrary there, Tom, but I do agree.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

It was brilliant.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

I wanted people to hear both sides of that coin because I could have just started this and gone, Tom, it was brilliant and all that, but it was.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

Because literally, you nailed it.

Right About Now - Legendary Business Advice
How Premium Brands Create Demand Without Cutting Their Prices | Tom La Vecchia

It takes a different way to seed your brand to the youth than maybe it did when the availability of media was so sparse 40 years ago.