Unveiling Terrible Products That Surprisingly Sold Well
When it comes to the world of marketing and sales, the idea of a truly terrible product seems to be a myth. Every market has segments, and what might be perceived as terrible by one group could be seen as acceptable or even valuable by another. However, there have been instances where seemingly terrible products managed to find buyers and achieve remarkable sales. This article explores the fascinating cases of such products and the strategies that made them successful.
Understanding Market Segmentation
To understand why terrible products can sell well, we must first explore the concept of market segmentation. In any market, there are typically two to five significant segments, each with its own set of needs and preferences. For instance, a product that might be seen as terrible to tech-savvy professionals might appeal to elderly users who are more focused on simple, reliable features. This inherent diversity within a market means that what is terrible to one segment can still be valued by another. Hence, there is no true “terrible product” but rather products that may be perceived as such but still find a willing and profitable market.
The Total Product Concept
The term "total product" refers to more than just the physical object or service; it encompasses the entire bundle of value offered by the product, including the actual product, augmented service, and even the perceived image. A product may be flawed in one aspect but compensated by other features. For example, Power Balance Bands, which claim to improve physical well-being, may not have any empirical evidence to support their claims, but people might feel a sense of well-being simply by believing they are wearing them. Similarly, the first IBM PC with its primitive operating system might have been seen as crude by tech enthusiasts, but it filled a niche market with consumers seeking a simple and reliable computer solution.
Case Studies of Terrible Products
Power Balance Bands
Let’s start with Power Balance Bands. These bands are marketed as a way to improve physical well-being, despite there being absolutely no scientific evidence to support their claims. Rather than focusing on the bands themselves, customers may have found value in the placebo effect and the promise of peace of mind. People often feel better simply because they believe in the effectiveness of a product, regardless of its actual functionality.
Scented Laundry Detergents and Softeners
Another example is scented laundry detergents, household candles, and fabric softeners. These products do not enhance the cleaning process; rather, they release volatile organic compounds (VOCs) into the air, potentially harming health. Despite these drawbacks, people continue to buy them because they are willing to sacrifice a bit of air quality for the pleasant scent they provide. This psychological payoff makes these products attractive, even if they contribute to indoor air pollution.
The First IBM PC
In the early 80s, the first IBM PC was considered a basic computer compared to its competitors like the DEC Pro 350, which offered multiuser and multitasking capabilities. However, what made the IBM PC successful was not its advanced features but its reliability and ease of use—factors that mattered to mainstream consumers and businesses who needed a simple solution to get work done. This illustrates that products don’t have to excel in all areas but must meet the most critical needs of their target audience.
Marketing and Perception
Perhaps the most crucial factor in the success of these terrible products is the marketing and perception management. Companies often focus on creating a positive image and narrative around their products, which can overshadow their actual flaws. Powerful branding, skilled marketing, and effective advertising can transform a seemingly terrible product into one that people not only accept but love. Even the most flawed products can succeed if they are marketed effectively and create a strong emotional connection with their customers.
For instance, Ronco's 'Great Looking Hair' hair spray was a product designed to disguise baldness and thinning hair. Despite its simplicity, it managed to capture the imagination of consumers who were looking for a quick fix for hair issues. The marketing around this product emphasized its effectiveness and the convenience it offered, making it a popular choice in its specific niche market.
In conclusion, while products can be objectively terrible, the perception and marketing surrounding them can make them appealing to certain market segments. It is the interplay between product functionality, perceived benefits, and effective marketing that ultimately determines a product's success in the marketplace. Understanding these dynamics is crucial for both marketing professionals and consumers alike.