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by kjeetgill
2875 days ago
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Have you worked in advertising? It's nothing nearly so simplistic, but not so complicated either. It's not about capturing the highest income audience its capturing the largest audience in the income demographic of your product. Think something like (amount a customer will spend) * (% of demo willing to spend at all) * (size of income demo). Naturally more people are less rich and the first two terms are highly product dependent. Stereotyping a bit, McDonalds isn't going to be making big inroads showing all of their ads in opera houses and Lamborghini is not making any sales advertising at Goodwill. |
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