Selling Experience Not Products
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A framework for growing market size by selling the lifestyle/experience rather than just the product itself, based on Stewart Butterfield's "We Don't Sell Saddles Here" philosophy.
Core Concept
- Don't just sell to existing market users - expand the market itself
- Focus on selling the joy/lifestyle/experience rather than the product
- Product becomes the natural solution once someone adopts the lifestyle
The Saddle Company Example
-
Traditional approach:
- Sell saddles to existing horse riders
- Try to convince them to switch from current saddle
- Limited by small existing market size
-
Better approach:
- Sell the joy of horseback riding
- Promote benefits like:
- Fun experience
- Great exercise
- Wind in your hair feeling
- Once people want to ride, they naturally need saddles
Real World Examples
Lululemon Case Study
- Didn't just sell expensive yoga pants to existing yogis
- Instead:
- Promoted yoga lifestyle
- Offered yoga classes in stores
- Created community around yoga culture
- Result: Expanded market size dramatically
Michelin Stars Case Study
- Started as marketing for tire company
- Created restaurant guides to encourage travel
- Strategy:
- Rate restaurants with stars
- Encourage people to travel to visit them
- Implicit message: "Need tires for travel"
- Result: Marketing scheme became bigger than original product
Key Takeaways
- Sometimes marketing/lifestyle can become bigger than original product
- Must educate market on lifestyle benefits first
- Product sales follow naturally once lifestyle is adopted
- Requires aggressive, creative marketing approach
- Can dramatically expand total addressable market
37:49 - 39:39
Full video: 01:02:18SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.