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There is a secret way to do demand gen that no one is talking about: lower your prices.
I'm kind of serious, in that ๐ถ๐ณ the parameters by which you define market demand include "what consumers in a market are willing to pay for a specific good in a specific market", then yes, you can create demand by lowering prices.
However, the problem here is that if I don't want or need something, lowering the prices will not influence my purchase behaviour.
For example, I'd like a new TV, but my current one is fine and I don't use it that much anyway. Now, Best Buy could lower their prices enough that I'd be a fool not to buy one, but in this case, the lower price ๐ฎ๐ฐ๐๐ถ๐๐ฎ๐๐ฒ๐ฑ demand that was already there in my own head.
Best Buy could lower their prices on KitchenAid mixers to $10, and I still wouldn't buy one.
So, it seems to follow that lower pricing is neither a necessary ๐ป๐ผ๐ฟ sufficient condition for creating demand, but rather that it "can", technically speaking.
This totally changes if you remove the price from a standard definition of market demand, but I'm not suggesting we do that.
It's just interesting, to me at least. Also, it's kind of silly anyway because lowering your prices is almost always an absolutely terrible idea. There are exceptions every rule (see: pricing elasticity, among other things).