In the 1990s, America's taste in alcohol was changing. And quirky spirits tycoon Sydney Frank knew just what the country needed - a luxury vodka. There was just one problem - vodka's reputation at the time was... a little rough around the edges. And the premium market was dominated by the brilliant marketing of Absolut. But somehow, Sydney Frank and Grey Goose broke through the noise to dominate the premium vodka market. So much so that they went from $0 to selling for $2 Billion in an all-cash deal in only eight years. Unsurprisingly, marketing genius Sydney Frank used psychology and behavioral science to get there - knowingly or not. Join me today as I unpack the history of Grey Goose, its innovative marketing approaches, and how understanding customer psychology made it a hit.
Thank you so much for listening to the Choice Hacking podcast.
Today's episode was brought to you by Choice Hacking's corporate training offerings.
Click here to learn more about how we can help you, or visit ChoiceHacking.com/training
✅Join my free newsletter to become a marketing psychology master in <5 minutes a week.
Find me online: INSTAGRAM/TWITTER/LINKEDIN/TIKTOK/YOUTUBE: @choicehacking