Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Thursday, 27 June 2013

100% of readers of this blog think it’s a cracker!*

Ah the power of marketing and advertising. Even though I like to think of myself as smart, uneasily influenced and resistant to glossy print advertising and super tv ads, I do sometimes find myself in Boots heading to the till with that super swish newly launched mascara that will definitely give me the ‘falsies’ effect – after all, ‘99% of users agree’!


It is 100% true, that most beauty product related ads aimed at females, have a strap line along the lines of “90% of testers” or “9 out of 10 testers” were overjoyed with the product, would use it again and even recommend it to their bff. Wow, must be a super product!

Indicating that 99% of testers were very happy to recommend the product sounds great. I immediately envisage masses upon masses of women all running to their local Boots to snap up said mascara. Then they’ll all run straight home and put it on and POW have fabulously fluttering lashes. Men will go weak at the knees and before we know it the likes of Sushi Samba, The Oblix and any other London venue du jour will be unable to process the magnitude in couples wanting a table for a hot date. I MUST have this mascara.

BUT what we don’t usually know, or wouldn’t even think to consider, is the number of ‘testers’ that were actually asked about the product. We all went through the painful and seemingly pointless process of learning all about proportions and ratios at school and now would be a good time to advocate that accumulated knowledge..! I remember once being suitably impressed with a strong endorsement for a new mascara; 93% of customers who tried said mascara loved it and thought that it was the bees’ knees. Pretty impressive, must be worth the money! Then I read the itty bitty details. The sample size of testers was 7. Yes, seven.
 
So obviously this is an exaggeration, but you get the jist. Companies are quite content with pulling the wool over the eyes of their poor, loyal consumers who perhaps don’t have a strong understanding of sample sizes and reliability… God damn it maybe they simply trust the brand!

When companies were originally forced to start disclosing the evidence for their sometimes amazingly abstract claims, the idea was for customers to receive the clarity they deserve. Now somewhere along the line, thanks to some sly marketing fox that is probably now giggling into his gold, this has gone walkabout. I think that perhaps it’s time to put the issue up for discussion… Even if companies are merely ‘encouraged’ as opposed to forced to use a reliable sample size, one company will hopefully do so and set the standard. Not asking for a lot here pals, simply some truth… I can’t afford all of these new mascaras!!


*Sample size: 1

Saturday, 11 August 2012

Munney munney munney


A while ago, I read Sebastian Faulks’ novel A Week in December and surprisingly enjoyed it. When people saw what I was reading the usual comment was ‘oh it’s no way near as good as Birdsong’ and perhaps it’s not as good to some, but it’s kind of in a different league. But that’s not the point of why I’m writing this. The novel deals with various characters and their storylines, all set in London and inevitably all overlapping, all taking place within a December week in 2007. Pretty much 99% of the characters are exceptionally wealthy. While I think it’s fair to say I know a fair share of well-off folk, the lot in this novel are of a whole other league; apparently if you have under £10 million in the bank, you’re not the ‘norm’. Fairs to them I guess, as most of these characters made their millions themselves. No sign of inheritance. 
What’s sad though, is the fact that of these 99% of smug millionaires about 2% are happy. They have all the luxuries of the world at their fingertips and still they’re alcoholics, drug addicts and quite honestly complete freaks. Usually I wouldn’t have thought twice about it and put it down to the whole money can’t buy happiness blah blah cliché. This time however, it was a bit different. As I was reading A Week in December, Eva Rausing’s death was being splattered all over the media. Especially the Daily Mail absolutely LOVED telling us all about how ‘out of control’ and quite simply ‘a state’ she was, and this made me think that here is (was!) a woman, who quite literally had it all and definitely was not a happy bunny. I guess it’s sad isn’t it? Money just doesn’t buy happiness!