Michael Solomon, Professor of Marketing at St. Joseph's University, wrote the most popular textbook on consumer behavior. He's spent his career working to better understand what drives people to buy things, and he shares some real gems in this interview:
- The surprising power the designer has over the fashion consumer – and most designers are unaware of.
- The psychological reason we love to put things into boxes and how that hurts our ability to move product.
- A 419-year-old text that perfectly explains why the fashion business exists.
- The lessons of Lululemon: How to combine two categories to create a new breakout third one.
- What the auto industry can teach us about the Fashion Consumer (hint: it has to do with giving them what they want).
- Understanding the NEW buying process: What Google understands that the fashion business (mostly) does not.
- How unavoidable life changes are contributing to the biggest underserved fashion market on earth and how to tap into it.
- A new key category that is guaranteed to grow even if the economy (and most disposable income) takes a major hit.
- Fill in the blank: "Your customers are the best __________." What that means for fashion companies in a social media world.
- A blunt discussion on whether the mainstream fashion consumer is really willing to pay for sustainable products.
About Our Guest
Michael Solomon is a marketing professor who literally wrote the book on consumer behavior. Hundreds of thousands of business students have learned about marketing from his books, which include Consumer Behavior: Buying, Having, and Being – the most widely used book on the subject in the world. He is also the co-author of Consumer Behavior in Fashion, a familiar title for many of our listeners, and has worked with some of the biggest names in fashion including H&M, Under Armour and Calvin Klein. Today we're discussing some of the key insights from his newest book, Marketers, Tear Down These Walls!
Resources
Web: www.thefashionconsumer.com
Instagram: https://www.instagram.com/thefashionconsumer/