So much wood pulp has already been lavished on the Dome that I
hesitate to expend even a further crushed matchstick, let alone an
entire column, on the great Greenwich umbrella. But its sad progress
exemplifies three lessons for marketers which have not yet been brought
into the spotlight. The opening night fiasco did not help, of course,
but the real problems were more fundamental.
Whatever its artistic and engineering merits, the Dome cannot now avoid
being a sales and commercial disaster. At current attendance levels, it
will be lucky to reach 500,000 visitors by March 31. Even if it achieves
its target every day thereafter, which would be a miracle as impressive
as the parting of the Red Sea, it will still fall two million short of
its 12 million bull’s-eye. My personal guess is that it might just notch
up eight million visitors.
That leads to the first lesson for marketers. Everyone knows sales
estimates for new products are hit and miss. No reliable system yet
exists for exactly predicting consumers’ uptake of new ideas.
So if we are wise, we are cautious. We make optimistic and pessimistic
guestimates and pitch our tent somewhere between. The Dome went for the
top from the start. Given the seeming inability of the internal exhibits
to cope with even 20,000 visitors a day, it is clear that more would
spell organisational disaster. But the 12 million total was based on
notching up an average of 33,000 every day of the year, winter and
summer alike.
Impossible. First lesson: when planning new products, do not get
foolishly seduced by your own optimism.
Second lesson: examine the evidence sceptically. Ever since the Dome was
first mooted, people have claimed it would be as successful as the
Festival of Britain. It will. Because contrary to the spin doctors’
myths, the Festival was not a great success. It, too, missed its
attendance targets and lost a shedload of money. Halfway through 1951,
the organisers were forced to slash ticket prices by 50% to lure more
customers. When it closed, a brief Times editorial was decidedly muted,
and The Guardian wrote: ’On the whole it seemed to miss the
bull’s-eye’.
Did the New Millennium Experience Company study the real history of the
1951 Festival? It hardly seems so. Like inexperienced brand managers,
they didn’t want to be confused by the facts. Now they are paying the
price.
Third lesson: the Dome was production-led, not marketing-led. Insofar as
marketing entered the process at all, it was not until after the
fundamental decisions had been made. The production blokes (politicians
with axes to grind) got themselves an impressive pack - the blancmange
umbrella - then said ’let’s find something to put in it’. That kind of
amateurish behaviour still happens in business, too.
And it almost always leads to disaster.
Way back in history, when there was less competition of all kinds,
consumers would generally buy whatever was on offer, so production-led
ventures had a fair chance of success. Today, in every market, and
particularly in all forms of entertainment, people have a myriad of
choices. Carefully analysing and influencing those choices is what
marketing is all about.
Anyone who forgets it does so at their peril.
Winston Fletcher is the author of ’Tantrums and Talent’.