As usual one guy entered in bus I thought its going to show the same type of stuff again on sale like chain, watch, wallet, set of pen etc. But I was literally amazed to see his marketing technique. He used it to sale his product for sure.
He came up with bidding option for passengers. He said that here he is going to open the bid for 10 products one by one. He clarified the conditions
1) passengers are going to bid for products with as low as Rs. 10
2) If the last bid is near to the promotion price (on which he is willing to sale ), he will give the item at that price.
3) If last max bid is not near to the promotion price, then he will give assured gift to each bidder.
Now first he picked out so called Ricco Watch worth of Rs. 250, bid start at Rs. 10 and offered a small comb (say worth of 1 Rupee) if nobody closed the deal. First call came of 15, Second of Rs 50 and then no Call. He asked thrice and then on closing that bid gave the combs to both of them.
Now he picked out one watch worth of Rs. 150 and offered a wallet (market worth of Rs. 10-15 approx) for all the bidder if deal don’t get close. First call was of Rs. 15, second of Rs. 20 and third and last of Rs. 25. He immedicated congratulate, the guy who bidded for Rs. 25, handed over the watch to him took Rs. 25 and went out of bus before actually the boy who bidded could realize what happened with him.
See smartly he sold his watch worth of not more then Rs. 10 in Rs. 25 by biding. Which otherwise he would have to give presentation in at least 5-10 buses. I am sure that he might be selling this watch in almost his alternate presentation.
Use your all permutation and combination and see how smart that guy is.
