Showing posts with label lifetime value. Show all posts
Showing posts with label lifetime value. Show all posts

Monday, July 9, 2012

When life gives you lemons, drop the price of lemonade

Traditional thinking and economical principles dictate that when demand increases so should price, at least I feel like that is what I learned in Economics 101 eight years ago. So when I read this article about what Coca-Cola is doing with their Limon Y Nada vending machines in Spain I was rather impressed with the creativity. 


Instead of sticking to the traditional vending machine model which consists of a price probably 100% higher than what you would pay at a corner store or grocery store Limon Y Nada decided to show some compassion for their sweltering customers. On the vending machine they installed a thermometer and as the thermometer rose with the heat the price of a drink dropped.

What do you think would customers appreciate a price-break when they are most desperate for your product? I think it could help make a lifetime fan of your product.