If you’ve traveled through major airports you might have
seen vending machines selling iPods, DVDs, premium brand headphones and the
like. Warren Buffet’s Richline Group are
launching vending machines for jewellery.
Mark Hanna, an executive from Richline explains:
“As we toured stores, we got the
distinct feeling that there was very little service in some stores. And in the
stores where there was service, it wasn’t really oriented toward the
price-point goods. So this was a culmination of that process.” Read
more… (JCK Online)
My conclusion about Richline’s plans may not be what you
expect. Good for them. It’s about time. Let’s take all of the beaded bracelets, $99
diamond heart pendants, $19.99 diamond studs, sleepers and easy-to-sell
jewellery and put it in vending machines.
Imagine, “no
more browsing for hours, just to buy a bead or two.” (click if you haven’t heard my parody of John Lennon’s Imagine)
It doesn’t take an electronics engineer to sell an iPod, so
why not sell them in machines? Trained
monkeys can sell a lot of what jewellers are selling today; and if Warren
Buffet has his way, by vending machines.
He’s a brilliant man and I’m sure he’ll make a fortune off of these.
Later in the article, JCK’s Rob
Bates writes, “of course, old timers and branding purists may recoil: Is a
vending machine really the proper presentation for an elegant product like
jewelry?” Well, most price-point goods
only look elegant.
If price is the key benefit and they are so saleable that a
machine can do it, let the machine do it!
Save your highly skilled, personable, jewellery savvy sales associates
for selling the good stuff! Only, don’t
put those machines at the front of your store, put them in the back. If you can’t sell a client something of
lasting quality, juke your thumb over your shoulder and direct your customer to
the vending machine for something more suitable.
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