During a recent vacation to Italy I've been watching, listening and observing
how the Italians persuade, influence and make the sale. It's fascinating and
extremely profitable to study.
First, as tourists we are influenced by recommendations by someone we perceive
as an authority. For starters there's our guide book. All the major guide books
will give you sleeping recommendations and dining spots.
My wife, Missy, and I brought along 2 books.
The Rick Steves guide to Italy and also Frommers. So if Rick or Frommers says
go to this restaurant we're more likely to go there. Or by asking the front desk
or concierge for a recommendation we'll take it.
Next, let's talk about shopping. Many of the sales people I've encountered who
work retail have a very understated yet effective way of making the sale. In
Florence, we went to many of the high-end Italian shops. Inside the Armani store
I was looking for a new sport coat. I found a wonderful jacket that I wanted to
The problem was I was wearing a polo shirt and that's a bit thicker than a
regular dress shirt so the jacket wouldn't fit right. So my sales guy gave me a
new Armani shirt to try on underneath my jacket. He quickly took a look at me
and brought back the exact right size.
The gentleman then brought me 5 different jackets to try on but none of them
worked. However, all was not lost since after trying on the jackets I fell in
love with "my" Armani shirt.
Yep, I ended up buying it even though it was way overpriced.
A few steps away down Florence's "5th Ave" we walked into Gucci. There
were lots of items in there with the famous "G"'s that we don't have
over here in the States. I immediately sprinted over to a burgundy Gucci
motorcycle helmet and stuck it on my head to continue the tradition of being an
obnoxious American. :)
After making a fool out of myself, I wandered up into Men's shoes and found a
pair of loafers I loved I asked the girl working in shoes to help me find my
size and she brought them out for me to try on. Then she did something I've
never seen before at retail...she kept absolutely silent.
Missy and I talked about the shoes and if I should get them or not. We
discussed the comfort of them and if they were slipping or not. But during all
of this - the sales girl remained quiet.
From negotiations we know silence is the most powerful tactic any side can take.
Usually the sales rep is telling me how great the shoes look, how carefully they
are constructed, etc. But here absolutely nothing but silence. I'm sure you can
guess - I bought the shoes.
Now if you think I'm the only one who was shopping - think again. Missy did her
fair share in Venice.
Since it got a bit colder, Missy went looking for warmer clothes. We went in and
out of boutiques all day and even returned to the same ones 2 or 3 times. Once
Missy found a sweater to try on and before she could leave the dressing room,
the sales rep came bounding in with 2 or 3 more colors in the same model.
In another boutique, Missy would be trying on one top and the sales rep would
have the other colors lined up for her on the counter and several other outfits
that matched her choice. It was pretty amazing to see them in action. Of course,
she ended up buying more than she originally came in for.
Another thing we saw at retail shops was the packaging. For many of the items we
bought they immediately wrapped them up so they would be suitable for a present.
We even went to a Pharmacy to buy Advil because my back was hurting and the
pharmacist wrapped that up like a present.
What else do you do on vacation besides shopping? How about eating?
Italian waiters do a masterful job at selling and persuading patrons that's
really worth studying. One of my favorite meals in Florence the waiter used the
assumptive close to take our order. I asked for a recommendation on appetizers
and he would mention the mushroom and tomato dish was excellent.
Then he'd start writing and talking at the same time, "one mushroom and
one tomato for the lady."
He went on like that with the pastas and entrees assuming we'd have 2 of
everything. He was wrong but I'm sure they do a whole lot more business like
this. After the meal the show continued. When explaining dessert he said,
"We have the World's best cheesecake and Europe's number one chocolate
Who gave them that honor? I'm sure no one. They just said it. We did split the
cheesecake and it really was delicious. It tasted a bit like 'no bake'
cheesecake - but Missy and I both love no-bake cheesecake at home so we're
In Venice it's the experience usually and not the food that takes center stage.
In Saint Mark's square we sat down and had a glass of wine, a coffee and a
water. The bill? A jaw-dropping $45. We were charged for music and bread/cover
charge plus the outrageous amount for our 3 beverages. But it's okay because it
was an experience we were paying for and not the drinks.
This restaurant has a complete band outside playing classical Italian music and
the whole experience of sitting in the center of the Square to watch the people
mill about was worth it. But it just goes to show you if you create an
experience you can get away with highway robbery.
And what is the most famous experience in Venice? Gondolas, right? There's no
better example of paying for an experience because where would you pay about
$150 for a over glorified canoe?
Now I'm not complaining because the gondola ride is a must for many tourists.
And Missy and I loved it - but when you stop to think about it you wouldn't pay
for this anywhere else.
Now before you dismiss all of this and say "My business is Different!"
- just stop, re-read and think about how you can apply this in your business. I
promise you can.
(c) Surefire Marketing, Inc.
Yanik Silver is recognized as the leading expert on creating automatic,
moneymaking websites...and he still doesn't know how to put up a website.
Copyright 2016 Futures Trading Coach
Trading Made Easy LLC
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADE PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF THE HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.