BUILT TO LAST
A few weeks ago my buddy asked to come over and help him put together some patio furniture. The promise: with the two of us, it shouldn’t take long. Really? Three hours later (and one trip home to get my can of WD-40 and power screwdriver), we were done. Phew.
All that time turning screws provided me an opportunity to think. It was no small step for my friend to purchase that furniture. He’d been waiting over 18 months to pull the trigger. During that time, he was content to make do with his aging outdoor set. With a little patching here and there, and some prayers that his larger friends didn’t choose the fragile chair, he made it through. Like many of us, the economy just wasn’t right to write a check that could wait.
This month, he decided to take the plunge. My friend knew he had squeezed as many miles as he could out of those durables. He pushed the limit. There are many other folks out there who are at the same point now. People who have pent-up demand for replacing the borderline “necessities” that they’ve held off on buying as the stock market went south, jobs more tenuous and bonus money a quaint notion.
As a marketer, I observed my friend as he made his move back into the high ticket market. He didn’t go in lightly. He did his research. He looked at dozens of retail websites, scanned peer review lists, read blogs, talked to friends, and prepared to ask hard questions. When he arrived at Costco, he was ready to negotiate and, as a result, actually improved his bargain. He even arranged for some cheap labor me.
My friend is not unlike many new consumers slowly returning to the market. They are transformed. Informed. Empowered. Ready to deal. Looking to make purchases that will last.