(The) Donald Trump is an
excellent example of American entrepreneurism in its most flamboyant form. Synonymous with
New York Real Estate, beautiful women, bad hair, 90-story ego, distaste for dishonesty,
and a clear killer-instinct in the business world, Trump also knows how to use people to
make money for him.
Yet Trump is no exception when it comes to
overcoming episodes of failure or great hardship. In the late 1980's when he fell into
default with his mortgage lenders his back was definitely against the wall. But
negotiating skills pulled him out of this slump with hardly a missed heartbeat. Love him
or hate him, he certainly creates brand recognition.
His new reality show, The Apprentice, takes
place in the unforgiving business world of Manhattan as eight women and eight men (all
entrepreneurs in their own right) are chosen out of more than 200,000 applicants to
compete for the ultimate prize: running one of Trump's companies with a huge salary.
20 million viewers watched for three months
while Donald Trump outlined the buy-low-sell-high mindset of marketing, and each week they
were divided into two teams and given their assignments. Each week one was
"fired" for reasons such as choosing candor over loyalty, misconduct, or
dishonesty.
As a viewer there was much to learn about
what it takes to make it in business.
So how much money is enough money?
Apparently 2 billion was not enough because The Donald released his new book titled How
To Get Rich as his new show The Apprentice hit the screen. It was sold across the
America in every bookstore during the full three month season.
And if you want to witness marketing
strategies at its finest, you must have enjoyed the presentation of two dumpy apartments
by Trump as each team renovated them for him -- not only free. but they found
tenants for him afterwards! Or selling lemonade on New York streets for $1000 each with
the Trump label on the glass.
In a brilliant move he also introduced his
latest venture -- the water business -- by having the teams compete to see which could
sell the most bottles. So let me ask you, if you walked into your neighborhood convenience
store to buy a bottle of water and happened to come across one with the Trump brand
clearly stamped on it, would you buy it? Well, maybe, maybe not.
When The Apprentice ended its first season
and all had been "fired" except Bill, was Bill the "real" winner? He
now has a career running one of Donald's many business ventures.
But look what Donald Trump gained... a
master marketer molded in his own image, two renovated apartments fully rented, a
bottled-water business that is flourishing, a book on the best-seller's list and another
TV contract for a new three-months of The Apprentice.
Hey, is that marketing or is that
marketing?
© 2004 Esther Smith
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