Name: What consumers want
Uploaded: 2009-01-15T01:00:00Z
Duration: 14 min 5 s
Description: Customers want to feel what they buy is authentic, but "Mass Customization" author Joseph Pine says selling authenticity is tough because, well, there's no such thing. He talks about a few experiences that may be artificial but make millions anyway.

*Future Perfect*

Customers want to feel what they buy is authentic, but "Mass Customization" author Joseph Pine says selling authenticity is tough because, well, there's no such thing. He talks about a few experiences that may be artificial but make millions anyway.

What consumers want

Economic value has shifted from commodities and goods to services and now to experiences, with authenticity becoming the key to what people choose. Even a cup of coffee can jump from a few cents to five dollars when wrapped in an 'authentic' experience like at Starbucks. Yet, all experiences are inherently authentic to the consumer, even when staged or artificial. Businesses that claim authenticity must truly deliver it, as consumers are quick to sense when an experience feels fake.