Apple used this marketing tactic to sell 13 million iPhones in the...

It stems from the heuristic or mental shortcut that causes the brain to assign value based on availability, not utility.
When an item is thought to be rare, the perceived value skyrockets.
Why is this important?
Because world-class marketers can get customers to pay more AND pay now!
Its power is derived from our natural desire to control more resources than others.
The original painting sold for $450M in 2017 to Saudi investors who clearly wanted it badly.
But usually scarcity isn't real... it's manufactured for profit.
Here are the tools Apple used:
In 2007 the iPhone was a new concept, so creating social proof would be difficult.
But that didn't stop Steve Jobs.
He cleverly held secret events for media influencers during the 6-month hype period from Jan. to June to show off the new product.
It worked!
That meant they got thousands of articles from trusted news sources endorsing the product.
Consumers couldn't WAIT for the iPhone to be released in late June 2007.
On January 9th 2007 at the Macworld Expo, Steve Jobs said about the iPhone:
"It is a revolutionary and magical product that is literally 5 years ahead of any other phone."
The iPhone was one-of-a-kind and missing out meant living in the past with the losers!
Millions of people were ready to become iPhone users.
Why?
The combination of hype, differentiated product and reputable brand made it easy for millions of people to buy in.
Mentally, they had become iPhone customers. All they had to do was purchase it!
Once the demand was established someone (Apple) leaked information to the media...
There may be delays after the initial set of iPhones were sold.
Suddenly the iPhone became rare and would now be valued by the difficulty to obtain one.
Apple stores nationwide had customers CAMPING outside for days before launch.
Additionally, they were more than happy to pay $599 for the iPhone which was $200 more than any phone at the time.
(A nice profit boost)
Within weeks they had sold millions of units.
Which is incredible because it doesn't make sense -- here's why:
Apple makes money by selling to the masses. If their products were rare they wouldn't be in business!
But every launch, we fall for it.
Here are other ways to use it to supercharge sales:
But now, like Apple, you understand the heuristics that drive irrational buying.
And you can crank up the pressure.
"Influence" by Dr. Cialdini.
This book is responsible for most of the assets I have -- and it's guaranteed to help you sell more.
Follow me @barrettjoneill for content on business, growth, and SEO.
They created 9k pairs of the original shoe.
Shoppers had to create a username and sign up for the list on the Adidas app.
They sold out within minutes.
And has huge pent up demand!





