“Extra R&D ... would cost us $50,000-$100,000 ... gives us an extra 15% of people buying because of that one reason alone”
Simple Modern, Matt · Operators · How to Position Your Brand & Products: 5 Ways to Win Against “Better”
Play from 15:43
15:43
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What was described
Developed a customizable LED face mask with a unique mechanism that lets users set a treatment
$50,000-$100,000 R&D cost; 12-16% of post-purchase buyers cite the feature; 15% lift in overall purchases
Said nearby on the same subject
“Cheap leads really masked a lot of the deficiencies… you could spend $2,000-$3,000 a month, get $50 appointments, and you would close maybe one in four… that masked, you didn’t have anything with speed to lead, appointment setting, follow up…”
“Risk and purchasing is a unique opportunity to begin managing risk with a letting of requests for quotes, bids, establishing insurance parameters within those lettings”