Why Must I Wait for a Wii? And Will the Internet Rescue You or Bury You?
I’m in the process of digesting an insider’s report by Universal McCann that projects growth for direct mail and the Internet in 2007 to be 7.5 percent and 15 percent respectively.
This means that direct marketing growth is once again estimated to outpace other areas of advertising.
This forecast further reinforces my opinion that there’s never been a greater time to be in our industry. So if you’re a pure-play Internet marketer, there’s never been a better time to increase your business by starting a catalog. If you’re already a cataloger, according to a recent Web poll on CatalogSuccess.com, 76 percent of you saw holiday sales increases in 2006 over 2005.
Years from now, we may look back at this time period and its explosive growth in wonderment. Following are a few things I’ve been pondering as a marketer in the Internet age.
Where are Wii now?
Did any of you actually get a Nintendo Wii? I didn’t. My eighteen-year-old son did. He actually waited on line all night, but he got one. He then proceeded to sell it for twice the price on eBay. Not bad for one night’s work.
Since then, (and thanks to him showing my six-year-old how cool it is), I’ve searched high and low for one. I’ve been to every possible retailer who carries it. At Best Buy, the day I went they had 30 come in, and gave out vouchers for the systems at 7:00 am. If you didn’t get a ticket and came later, you were out of luck. The sales person at Toys ‘r’ Us told me that they get two to three units in a week
So here’s what I want to know. Can anyone tell me if this is a planned strategy to build demand, or just demand way outpacing supply? If this was a sales strategy, Nintendo would have lost me as a customer. If not, they should fire their sales forecasters.
Jim Gilbert has had a storied career in direct and digital marketing resulting in a burning desire to tell stories that educate, inform, and inspire marketers to new heights of success.
After years of marketing consulting, Jim decided it was time to “put his money where his mouth was" and build his own e-commerce company, Premo Natural Products, with its flagship product, Premo Guard Bed Bug & Mite Sprays. Premo in its second year is poised to eclipse 100 percent growth.
Jim has been writing for Target Marketing Group since 2006, first on the pages of Catalog Success Magazine, then as the first blogger for its online division. Jim continues to write for Total Retail.
Along the way, Jim has led the Florida Direct Marketing Association as their Marketing Chair and then three-term President, been an Adjunct Professor of Direct and Digital marketing for Miami International University, and created a lecture series, “The 9 Immutable Laws of Social Media Marketing,” which he has presented across the country at conferences and universities.