Last week, in a 24-hour period I learned the following:
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🤯 Two competitors in an Ohio fishing tournament were disqualified when they stuffed their catch with lead weights in an attempt to angle a $28,000 first prize.
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🤯 The world's top chess player refuses to play against a young upstart who has admitted to cheating in the past, and may have continued to do so using vibrating beads inserted into himself.Â
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🤯 Judges on the international Irish dance circuit have been rigging competitions, in some cases bartering romantic behaviors for high scores for favored dance students.
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Has the hustle culture and win at all costs psychology metastasized so much that ne'er do wells will outwardly cheat at leisure sports? Evidently,
yes.
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It's kind of disheartening, really.
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But, it's also an opportunity. And one you should seize. Because a decline in loyalty has accompanied a rise in mistrust.Â
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In fact, McKinsey says that since the pandemic, 75% of consumers have made purchases from businesses they've never supported before. Customers in every category are willing to shift their spending from business to business, hopping back and
forth like a five year-old child seeking an overdue restroom.
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How do you seize a disproportionate share of wallet from consumers who don't
respond to brands (and branding) like they did just a few years ago?
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Maybe, by giving them an entirely different brand characteristic to
consider.Â
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Perhaps it's time to lead with honesty, and forthrightness, and accountability using those increasingly rare qualities as a
competitive differentiator?
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A favorite, modern example of honesty in marketing is the private bank, Hyposwiss, who run a series of
straight-truth print ads that certainly run counter to the typical banking puffery.Â
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