I am really enjoying these videos. My dad says the marketplace fills “needs, wants, and desires”. Your Marketing videos are very useful for RUclips creators. I would like to attend one if your classes!
How do we reconcile this needs and wants concept with debt? We could argue that someone NEEDS to be solvent/have their wage cover them for the month, but they may struggle to live off what’s left after covering debts because they overspent on wants. If you need a car, but don’t need it to be a Mercedes, need a handbag, but don’t need it to be prada, but overspend in those things. In the future I would love to hear about marketing and less straight forward/rational decision making. Really enjoying the videos so far
Behavioral economics is wild. It's amazing how marketers can tap into our unresolved traumas to sell us a Prada bag. It's amazing. It's a study in human fallibility. Until I get sophisticated enough for behavioral econ, I hope Professor Wolters teaches me skills to help me with my business. The price is excellent.
I'm a bit confused, Mark. Starting @1:25 you list Utrecht and Morocco as WANTs. And then Culver's and McDonald's as WANTs. I thought WANTs were always generic. I need food. I want a burger. I have the money for Culver's. I need to recharge. I want to take a vacation. I have the money to fly to Morocco. ❓
@@ProfessorWoltersMaslow's hierarchy of needs is useful for sorting through what need is disguising itself as a want. Or is it that higher needs are often seen to be wants?
Marketers try to get people to feel that their wants are really needs. The hierarchy of needs is something I'm probably going to cover next 'semester' when I do a slightly more advanced online class
I am really enjoying these videos. My dad says the marketplace fills “needs, wants, and desires”. Your Marketing videos are very useful for RUclips creators. I would like to attend one if your classes!
Thanks Mac. Your dad is right :) I hope these videos can feel like you are in the class a little bit at least.
I love your videos, Thank you!
Thank you
Learning so much! I wish I had a prof like that! U are so very very good as teacher!
Thank you.
YOU ARE REALLY GOOD!!!
Thank you!
New student to the class. Where's the shirt from?
How do we reconcile this needs and wants concept with debt? We could argue that someone NEEDS to be solvent/have their wage cover them for the month, but they may struggle to live off what’s left after covering debts because they overspent on wants. If you need a car, but don’t need it to be a Mercedes, need a handbag, but don’t need it to be prada, but overspend in those things. In the future I would love to hear about marketing and less straight forward/rational decision making. Really enjoying the videos so far
I hear you. This is a topic I try to deal with in some of our ethics and marketing video. It's a tough one to nail in 5-10 minutes
Behavioral economics is wild. It's amazing how marketers can tap into our unresolved traumas to sell us a Prada bag. It's amazing. It's a study in human fallibility. Until I get sophisticated enough for behavioral econ, I hope Professor Wolters teaches me skills to help me with my business. The price is excellent.
i hope we can help
I'm a bit confused, Mark. Starting @1:25 you list Utrecht and Morocco as WANTs. And then Culver's and McDonald's as WANTs. I thought WANTs were always generic.
I need food. I want a burger. I have the money for Culver's.
I need to recharge. I want to take a vacation. I have the money to fly to Morocco.
❓
Need = hunger. Want = culver's burger. Demand = I have $8 for that Culver's meal I want
@@ProfessorWoltersMaslow's hierarchy of needs is useful for sorting through what need is disguising itself as a want. Or is it that higher needs are often seen to be wants?
Marketers try to get people to feel that their wants are really needs. The hierarchy of needs is something I'm probably going to cover next 'semester' when I do a slightly more advanced online class
Every customer is an opportunity to turn their wants into a need.
New camera?
Nope. Same one
Your beard looks really good here I like it this length
That is 5 weeks of no trimming. Just a big fluff beard
❤ from Bangladesh