
Originally Posted by
Dale King
The answer to your question is NO. You can't create a market for a poorly conceived idea, no matter how well it's marketed. For example, in 1984, Coca Cola introduced "New Coke," a soft drink designed to taste more like Pepsi. In blind taste tests, New Coke fared exceptionally well and most people surveyed said they preferred the taste of New Coke over Pepsi. So, what happened? Despite an agressive marketing campaign and iconic brand name recognition, New Coke failed spectacularly. Why? Because New Coke was a poorly conceived idea. You simply can't be all things to all people. You can't use a sample market research group to test brand affinity. Coca Cola's customers didn't want their beloved Coke to taste like Pepsi. They wanted it to taste like Coke.
Here's another example: The "Edsel" is most famous for being a marketing disaster. In fact, it was such a debacle, it is still considered by many to be the biggest marketing disaster in history, despite the fact Ford sunk $400,000,000 in its development.
Bottom line: You can't create a market for a poorly conceived idea, no matter how well it's marketed.
Dale King