The Method Method Quotes

Rate this book
Clear rating
The Method Method: Seven Obsessions That Helped Our Scrappy Start-up Turn an Industry Upside Down The Method Method: Seven Obsessions That Helped Our Scrappy Start-up Turn an Industry Upside Down by Eric Ryan
33 ratings, 3.82 average rating, 0 reviews
Open Preview
The Method Method Quotes Showing 1-1 of 1
“we think of “cutting steel” as a media expense. Cutting steel is what you do when you build a mold to create a custom product—you buy a big block of steel and then cut it into a mold in the shape you want. It’s an expensive process with little room for error; it’s why many companies choose generic or stock bottles instead of investing in custom ones. But when we compared the cost of cutting steel to the cost of marketing, the ROI suddenly started looking much better. For us, it costs an average of $150,000 to create a new unique bottle design, which looks expensive compared to selecting a stock bottle with no tooling cost. But if we saved that $150K and invested it in marketing instead, what would it buy us? Not much. Not even one quarter-page ad in a national magazine. Yet the unique bottle design can generate millions in free press and social media attention! Not to mention the marketing power it will retain, capturing retailers’ attention, landing better shelf space, and inspiring impulse purchases from new customers. Our belief was that if we created a product that exceeded expectations, people would talk about it and drive word-of-mouth. Because Method could never win the advertising battle by shouting louder, we needed the product to shout for us.”
Eric Ryan, The Method Method: Seven Obsessions That Helped Our Scrappy Start-up Turn an Industry Upside Down